Texas City, Texas — NewQuest Properties has arranged the sale of the 130,525-square-foot Tradewinds Shopping Center, located southeast of Houston in Texas City. At the time of sale, the property, which sits on 11.5 acres, was roughly 40 percent leased to tenants including DD’s Discount, Family Dollar, Texas First Bank and Little Caesars. David Luther of NewQuest represented the seller, a limited partnership, in the transaction. Dakota Workman, also with NewQuest, represented the buyer, an entity doing business as 2020 Harwin 59 Shopping Center Ltd.
Enosburg Falls, Vt. and Somersworth, N.H. — Two Tractor Supply Co. Stores comprising 19,097 square feet each have opened in Vermont and New Hampshire. The two stores also each feature 20,000 square feet of outdoor display, retail and garden space. Subsidiaries of New England Retail Properties — both owned and headed by chief executive officer Matt Halprin — have completed the ground-up development of the two properties, following six months of construction. Located in Enosburg Falls, the Vermont store was developed by Enosburg Development Partners LLC. Somersworth Development Partners LLC …
West Valley City, Utah — Red Mountain Group Inc. has sold a 6,764-square-foot retail center located in West Valley City, roughly 10 miles southwest of Salt Lake City. An undisclosed buyer purchased the property for $2.1 million. Tenants at the center, which was 100 percent occupied at the time of sale, include Tellica Imaging, Allstate Insurance, Metro by T-Mobile and a nail salon. Dave Lucas of CP Partners Commercial Real Estate represented Red Mountain Group in the transaction.
Plymouth, Mich. — Domino’s Pizza has signed a lease to occupy 1,667 square feet in Plymouth, roughly 27 miles west of Detroit. The new Domino’s location will partially replace a former AT&T store, which is currently being redeveloped into a two-tenant retail building. Michael Murphy and Tjader Gerdom of Gerdom Realty and Investment, a commercial real estate agency based in Northville, Michigan, represented Domino’s in the transaction. Gregory Mallory of Armada Real Estate, based in West Bloomfield, Michigan, represented the landlord.
Fort Myers, Fla. — Marcus & Millichap has arranged the $13.2 million sale of Market Square, a 65,688-square-foot shopping center in Fort Myers. Jim Shiebler, James Medefind and James Garner of Marcus & Millichap represented the undisclosed seller and procured the buyer, a New Jersey-based private investor. Situated on 14.9 acres, the center is 1.5 miles from Florida Southwestern State College. Tenants at the property, which was built between 2004 and 2006, include Michaels, World Market, Petco, Dollar Tree and Barnes & Noble.
Palmdale, Calif. — Bridge Group Investments and Steerpoint Capital have purchased Antelope Valley Mall in the North Los Angeles community of Palmdale for $60 million. The property, which comprises 1 million square feet, is anchored by Dillard’s, Macy’s and JCPenney. Other tenants include Dick’s Sporting Goods, Old Navy, Oishi Japanese Sushi Bar and Grill and Blaze Pizza. The center also features a 16-screen Cinemark theater. The firms — which previously acquired The Shops at Montebello in Montebello, California — plan to add new amenities, as well as dining and entertainment …
Downtown Riverside, Calif. — Progressive Real Estate Partners has brokered the sale of two adjacent single-tenant properties located in Downtown Riverside in separate deals totaling $4.2 million. The first property, 3940 University Ave., was acquired by an undisclosed buyer for $2 million in an all-cash transaction. Plant Power, a fast-casual restaurant with a drive-thru and patio, occupies the building. Richie’s Hot Chicken and Carlo’s Tijuana Tacos, which are leased and run by the same operator, occupy the second property at 3980 University Ave. An undisclosed buyer purchased the property for …
Milton, Ga. — Savi Provisions, an Atlanta-based grocer, has opened a new, 3,644-square-foot location at Crapapple Market in Milton, roughly 30 miles north of Atlanta. Located at 12630 Crabapple Road, the store opened Dec. 10. Founded in 2009, Savi offers prepared foods such as sandwiches and salads in addition to organic groceries, wine and coffee. Spirits will also be sold at the Liquor Market, which comprises an additional 983 square feet.
Nashville, Tenn. — Matthews Real Estate Investment Services has brokered the sale of a 10,656-square-foot shopping center located in Nashville, about six miles outside of the city’s downtown district. The property is currently under construction and is fully preleased to tenants including Chase Bank, Pacific Dental Services and Sleep Outfitters, all of which are on 10-year leases. Hutt Cooke and Clay Smith of Matthews represented the seller, a partnership of five individual investors, in the $8.4 million, all-cash transaction. An undisclosed private investor acquired the property in a 1031 exchange.
Austin, Texas — Austin-based Inspire Development has started construction of Pearson Ranch, a $2 billion, 156-acre mixed use project located off State Highway 45 in northwest Austin. The master plan for the project includes 48 acres of land for a corporate campus, including 2.6 million square feet of office space. Upon completion, the mixed-use property will also include approximately 200,000 square feet of retail, restaurant, and community and cultural spaces; two hotels; thousands of residential units; and 30 acres of park space. Construction on Pearson Ranch will begin with The …