Baldwin Park, Calif. — The closing cap rate of the property, built in 1987, was 5.9 percent.
The Bronx, N.Y. — The shopping center also includes free parking for more than 600 cars directly in front of the stores.
Birmingham, Ala. — The property was 99 percent leased at the time of sale.
Redmond, Wash. — The center is located in Redmond on Seattle’s affluent Eastside.
Las Vegas – The building will open in summer 2015.
Doral, Fla. – The 9,767-square-foot casual dining restaurant was constructed in 1999. CBRE has arranged the sale of a single-tenant retail property leased to Doral Ale House. The buyer, Biscayne Ale LLC, purchased the property for $5.8 million from DAH Property LLC, a Florida-based private investor. CBRE’s Todd Weintraub represented the seller and the buyer in the transaction. The sale included a 1.31-acre parcel subject to a ground lease with five years remaining plus options. The 9,767-square-foot casual dining restaurant was constructed in 1999 on a high-traffic commercial corridor west of …
Columbus, Ind. – Janice Sellis and Paul Barile, Transwestern capital market directors, represented RPAI in the transaction.
Yuma, Ariz. – New tenants include Goodwill, Firehouse Subs and an AutoZone.
Plano, Texas – More than 20 percent of the tenants have been located at Towne Square Shopping Center for more than 10 years.
Irvine, Calif. – The Shops at Clinton Keith and an anchor 7-Eleven were sold by the original developer.