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Applewood-Centre-Omaha-Neb
Grocery-anchoredInvestment salesNebraskaNews

Hanley Investment Group Brokers $17.2 Million Sale of Omaha Shopping Center

by Hayden Spiess

Omaha, Neb. — Hanley Investment Group Real Estate Advisors has arranged the $17.2 million sale of Applewood Centre, a 112,005-square-foot shopping center located in Omaha. Hy-Vee anchors the property, which was 98.6 percent occupied at the time of sale. Jeff Lefko and Bill Asher of Hanley represented the seller, Woodsonia Real Estate, in the all-cash transaction. A Portland-based family office purchased the property. Hy-Vee has occupied the property since the shopping center’s original construction and has expanded and renovated its store over the past 10 years, adding a drive-thru to …

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CaliforniaIllinoisInvestment salesNewsRestaurants

FCPT Purchases Buffalo Wild Wings Portfolio in Illinois for $14.3 Million

by Hayden Spiess

Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased a portfolio of four retail properties occupied by Buffalo Wild Wings in Illinois for $14.3 million. The properties have roughly nine years remaining on the leases. The sales price represents a cap rate of 7.3 percent. The seller and specific locations of the properties were not provided. Mill Valley, California-based FCPT is a retail and restaurant REIT with a portfolio of 982 properties across 47 states.

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DevelopmentLeasingNewsTexas

Enson Market to Open 100,000 Square-Foot Store in North Houston

by Hayden Spiess

Houston — Enson Market, an Asian grocery concept, will open a 100,000-square-foot store in North Houston. The site is located within a 200,000-square-foot vacant shopping center. An affiliate of the company, an entity doing business as Pacific Square of FM LLC, purchased the center with plans to implement capital improvements and lease the remaining 100,000 square feet. Ryan Neyland of Davis Commercial Real Estate represented the seller, Copper Leaf LLC, in the transaction. Casey Ward of CRW Commercial represented the buyer.

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Realty-Income-CIM-Portfolio
Investment salesNews

Realty Income Agrees to Acquire 185-Property Retail Portfolio from CIM for $894 Million

by Hayden Spiess

San Diego — Realty Income Corp. (NYSE: O), a publicly traded REIT, has agreed to acquire up to 185 single-tenant retail and industrial properties from subsidiaries of CIM Real Estate Finance Trust Inc. for approximately $894 million. The exact composition of the portfolio depends on completion of due diligence and the potential exercise of rights of first refusal related to certain properties. If the entire 185 properties are included, the transaction will represent a 7.1 percent capitalization rate. “We believe the deployment of net sales proceeds will continue to advance …

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Cullman-Shopping-Center-Cullman-Ala
AlabamaGrocery-anchoredInvestment salesNews

FNRP Acquires 304,935-Square-Foot Shopping Center in Cullman, Alabama

by Hayden Spiess

Cullman, Ala. — First National Realty Partners (FNRP) has purchased Cullman Shopping Center, a 304,935-square-foot retail center located in Cullman, roughly 50 miles north of Birmingham. A 45,600-square-foot Publix anchors the property, which features other tenants including Belk, Dick’s Sporting Goods, Ross Dress for Less, Ulta Beauty, Five Below and PetSmart. Kyle Stonis of SRS represented the undisclosed seller in the transaction.

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Colonial-Palms-Plaza-Pinecrest-Fla
FloridaInvestment salesNews

Limestone, Orion Purchase Colonial Palms Plaza Shopping Center in Metro Miami for $70.5 Million

by Hayden Spiess

Pinecrest, Fla. — Limestone Asset Management and Orion Real Estate Group have purchased Colonial Palms Plaza, a 188,389-square-foot retail center located in Pinecrest, roughly 20 miles southwest of Miami. The joint venture, doing business as Orion Colonial Plaza LLC, acquired the property for $70.5 million. The property comprises seven buildings and 29 tenants, including Marshalls, HomeGoods, PetSmart, Old Navy, Party City, Five Below, Visionworks, CycleBar, Panera Bread and Miller’s Ale House. Kevin Sanz of Orion represented the buyers, and Eric Williams of JLL represented the seller, MetLife Investment Management, in …

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Greentree-Plaza-Everett-WA
Investment salesNewsWashington

CBRE Negotiates $23.7 Million Sale of Greentree Plaza in Metro Seattle

by Hayden Spiess

Everett, Wash. — CBRE has arranged the sale of Greentree Plaza, a shopping center located at in Everett, roughly 30 miles north of Seattle. ACF Property Management sold the retail center to Transnational Management for $23.7 million. Built between 1998 and 2004, Greentree Plaza comprises 83,035 square feet of retail space. At the time of sale, the property was 96 percent leased to 18 tenants, including Chipotle Mexican Grill, Starbucks Coffee, Sportsman’s Warehouse, Jamba Juice, Visionworks, Bank of America, Subway and Supercuts. The plaza shares a parking lot with a …

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East-Drive-Shopping-Center-Arbutus-Md
Investment salesMarylandNews

Neuman Facilitates $5.7 Million Sale of Retail Center in Metro Baltimore

by Hayden Spiess

Arbutus, Md. — Neuman Commercial Group has arranged the sale of East Drive Shopping Center, a 65,155-square-foot retail center located in Arbutus, approximately eight miles outside of Baltimore. An affiliate of Bien/Paul Ventures sold the property to an undisclosed buyer for $5.7 million. The property was 72 percent occupied at the time of sale to tenants including Save‐A‐Lot, Dollar General, Pizza Boli’s and Cricket Wireless. Gil Neuman of Neuman represented the seller and procured the buyer in the transaction.

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Loyal-Plaza-Williamsport-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

FNRP Purchases 289,000-Square-Foot Shopping Center in Central Pennsylvania

by Hayden Spiess

Williamsport, Pa. — First National Realty Partners (FNRP) has acquired Loyal Plaza, a 289,000-square-foot shopping center located in Williamsport. A 67,000-square-foot Giant Food anchors the property, which is leased to tenants including Hobby Lobby, Planet Fitness, Rite Aid, Advance Auto Parts and Truist Bank. Colin Behr and Chris Munley of JLL represented the undisclosed seller in the transaction.

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