Teaneck, N.J. — Astoria Realty Corp. has sold a 20,413-square-foot retail strip center located in the Northern New Jersey community of Teaneck for $6.2 million. The property was originally built in 1930 and renovated earlier this year. Glatt’s Express Supermarket serves as the anchor of the center, which was 93 percent leased at the time of sale. Karly Iacono of CBRE represented Astoria Realty Corp. in the transaction.
Debary, Fla. — Legacy Realty Group Advisors has brokered the $5.3 million sale of Debary Commons, a shopping center located in Debary, roughly 26 miles outside Orlando. Winn Dixie anchors the 64,000-square-foot property. Jacob Baruch, Daniel Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Joliet, Ill. — Cullinan Properties has rebranded Rock Run Crossings in the Chicago suburb of Joliet to RockRun Collection. Construction is underway at the property, which will feature retail, restaurant, entertainment and healthcare space, in addition to multifamily residences. The rebranding also includes changes to the development’s logo, leasing collateral, website and development visuals.
Sarasota, Fla. — Benderson Development has acquired Bee Ridge Square, a 128,399-square-foot shopping center located in Sarasota. Burlington anchors the center, which is leased to 15 tenants including Stage Door Studios, OfKors Bakery and EGGSTraordinary Café. Justin Smith, Chris Peterson, Fred Victor and Sam Koonce of Atlantic Capital Partners represented the seller and procured the buyer in the transaction.
Berlin, Vt. — Heidenberg Properties Group has rebranded Berlin Mall as Central Vermont Marketplace in Berlin. This comes as part of the property’s transition to a mixed-use development, which included the opening of Chesnut Place, a 98-unit senior living facility. Heidenberg has also added two new retailers, which occupy a total of 60,000 square feet. Five Below opened a store at the property in February and Hobby Lobby took over the former JC Penney anchor space in April. Heidenberg has also obtained approval for the addition of 30 residential units …
Farmington, Mo. — Axiom Capital Corp. has arranged a $3 million fixed-rate permanent loan for the refinancing of a freestanding single-tenant retail building located in Farmington. Built in 2016, the property comprises a 51,373-square-foot building with 162 parking spaces on 3.9 acres.
Beaumont, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $1.9 million sale of a newly constructed single-tenant building located in Beaumont. A Dutch Bros. Coffee drive-thru occupies the 920-square-foot property on a 15-year triple-net ground lease. Bill Asher and Jeff Lefko represented the seller and developer, Evergreen Development. Trevor Harris of Triwell Properties Inc. represented the buyer, a California-based private investor.
Monroe, New York — Two new tenants have signed leases at Harriman Commons, a 706,243-square-foot retail center located in Monroe. Five Below will open an 11,012-square-foot store, and Rightly Dental is now seeing patients within a 1,650-square-foot space. These tenants bring occupancy at the property to 98 percent. Burlington also recently opened at the center, with a 23,986-square-foot store, and plans are underway for the addition of a BJ’s Fueling Station and 3,000-square-foot drive-thru restaurant. Construction on the gas station is scheduled to begin this quarter.
New York City — New York City-based Legacy Realty Group Advisors has brokered the $60 million sale of a portfolio comprising 40 Dollar General-leased stores in the Southeast. Jacob Baruch and Daniel Baruch of Legacy represented the buyer, a net lease REIT, and seller, a private developer, in the transaction.
Clifton Park, N.Y. — Axiom Capital Corp. has arranged a $38.5 million loan for the acquisition of a retail center located in Clifton Park. Comprising six buildings located on five parcels, the property was fully leased at the time of financing to 64 tenants. The borrower was not disclosed.