Steubenville, Ohio — Sekulovski Group has arranged the $14 million sale of Rural King Plaza, a 215,360-square-foot shopping center located in Steubenville, roughly 40 miles west of Pittsburgh. A Brooklyn-based private investor acquired the property from PICOA Inc. of Los Angeles. Tony Sekulovski of Sekulovski Group brokered the transaction. Anchor Rural King occupies 104,230 square feet at the center, which was 97 percent leased at the time of sale. Other tenants at the property include Ollie’s and Planet Fitness, which occupy 43,600 and 20,365 square feet respectively. A 17,000-square-foot Dollar …
Gastonia, N.C. — Anchor Investments LLC has purchased Dixie Village Shopping Center, a 208,000-square-foot retail center in Gastonia, approximately 22 miles west of Charlotte. Big Lots and WOW Grocery anchor the property, which is located at 2587 West Franklin Blvd.
Carollton, Texas — Northmarq has arranged permanent financing for Carrollton Park Village, a 110,000-square-foot shopping center located in Carrollton, roughly 20 miles northwest of Dallas. Phillip Bankhead of Northmarq secured the 15-year permanent-fixed loan on behalf of the borrower, Vista Property Company. Genworth Financial provided the financing. Built in phases from 1965 to 1987, the property comprises five buildings situated on 10 acres. Tenants at the center include dd’s Discounts, Dollar General and Hibbett Sporting Goods.
New York City — Urbanspace has opened Urbanspace Union Square, a 10,000-square-foot food hall in the Union Square neighborhood of New York City. Featuring 13 food-and-beverage concepts, the space is located on the ground floor of Zero Irving, a new mixed-use office building recently completed by RAL Development. Vendors include Summer Salt, Twenty One Grains, Kid Brother Pizza, Pita Yeero, Plant Junkie, Goat Café, Bao by Kaya, Bobwhite Counter, Playa Bowls, Wafels & Dinges, Top Hops, Casa Toscana and GoFish. Urbanspace Union Square marks the fifth New York City food …
Overland Park, Kan. — LANE4 Property Group has purchased Hawthorne Plaza, a retail center comprising 135,000 square feet at the southwest corner of 119th St. and Roe Ave. in Overland Park, approximately 10 miles south of Kansas City. CBRE represented the seller, Invesco, in the transaction. Developed in 1990 and renovated in 2015, the property was 96 percent occupied at the time of sale by tenants including The Container Store, Jos A. Bank and The Mixx. Tom O’Leary and Weston Buckley of LANE4 will handle leasing of the property. LANE4 …
NewQuest Properties Arranges Sale of 130,525-Square-Foot Tradewinds Shopping Center in Metro Houston
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.