Concord, N.C. — Stan Johnson Co. has arranged the $15.2 million sale of Concord Station, a 45,569-square-foot retail center located approximately 15 miles northeast of Charlotte in Concord. Billy Benedict of Stan Johnson Co. represented the South Carolina-based private buyer in the acquisition of the property from a Florida-based developer. Concord Station was leased to nine tenants at the time of sale, including McAlister’s Deli, Guitar Center, The UPS Store and Big Blue Swim School.
Muncie, Ind. — JLL Capital Markets has arranged the $14.6 million sale of a 77,871-square-foot retail center, Muncie Marketplace. The center is located in Muncie, Indiana, roughly 57 miles northeast of Indianapolis and three miles from Ball State University. Amy Sands, Clinton Mitchell, Michael Nieder and Tim Murray of JLL arranged the disposition on behalf of the seller, AlbaneseCormier Holdings LLC. Built in 2014, Muncie Marketplace was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop. War …
Crawfordville, Fla. — Cushman & Wakefield have arranged the sale of Crawfordville Commons, a 54,804-square-foot shopping center located in Crawfordville, Florida, roughly 18 miles southwest of Tallahassee. Lane Breedlove, Margaret Jones, Adam Feinstein, Mitchell Halpern, and Mark Gilbert of Cushman & Wakefield represented the seller, Hand Properties. A joint venture of private buyers purchased the property, which was occupied by tenants including Publix at the time of sale.
Little Rock, Ark. — Inland Private Capital Corp. (IPC) has sold Chenal Commons Shopping Center in Little Rock for $14.6 million. The 70,147-square-foot property is comprised of two buildings, which were fully leased at the time of sale to tenants including Petco, Shoe Carnival, Old Navy, Ulta Beauty, David’s Bridal, Great Clips, Kirkland’s Home and Elegant Nails and Spa. IPC sold the property on behalf of Chenal Commons DST, a 1031 investment program.
Roswell, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $10.3 million sale of Mansell Oaks, a 43,190-square-foot shopping center in the north Atlanta suburb of Roswell. Zach Taylor of IPA represented the seller, an entity doing business as PLC Mansell LLC, in the transaction. Peachtree Industrial Partners LLLP is the buyer. Mansell Oaks’ tenant roster includes LongHorn Steakhouse, Bird Watcher Supply and Animal Emergency Center of North Fulton.
Bartlesville, Okla. — Stan Johnson Co. has brokered the sale of Silver Lake Village, an 87,750-square-foot shopping center in Bartlesville, roughly 45 miles north of Tulsa. Margaret Caldwell and Patrick Kelley of Stan Johnson represented the seller, GBT Realty Corp., which sold the center to an undisclosed buyer for $15.3 Million. The property was fully leased at the time of sale to tenants including T.J. Maxx, Ross Dress for Less, Petco, Ulta Beauty, Maurices, Kay Jewelers and Verizon. The center is shadow anchored by Lowe’s.
Appleton, Wis. — Colliers Wisconsin has brokered the $12.9 million sale of a 70,414-square-foot shopping center in Appleton. The fully leased property is situated adjacent to Fox River Mall near Highway 41. Tenants at the time of sale included JOANN Fabric and Craft, Dollar Tree, Kirkland’s and Chili’s Grill & Bar. Adam Connor, Mark Pucci and Heather Dorfler of Colliers represented the seller, an Appleton-based investor group. Prairie Hill Holdings, a Chicago-based private real estate investment firm, was the buyer.
Birmingham, Ala. — Eastern Union has secured $7 million in financing for the $9.4 million purchase of Crestwood Festival Centre in Birmingham. Marc Tropp of Eastern Union arranged the financing on behalf of the buyer, CityWide Properties, which intends to invest $1.5 million in capital improvements at the 299,707-square-foot shopping center. The property is shadow anchored by The Home Depot.
Melissa, Texas — STRIVE has arranged the sale of Melissa Village, a 32,116-square-foot retail center in Melissa, located approximately 40 miles northeast of Dallas. Fully leased at the time of sale, the center’s tenants include Smoothie King, Wingstop, Jersey Mike’s, and Jeremiah’s Italian Ice. Hudson Lambert of STRIVE represented the seller in the 1031 exchange transaction.
Hilo, Hawaii — SRS Real Estate Partners has arranged the sale of a single-tenant retail property located at 715 Kinoole St. in Hilo. A mainland-based private investor acquired the asset from a Hawaii-based private investor for $5.5 million. Cost-U-Less, a warehouse-style retail chain, occupies the 23,016-square-foot building, which was built in 2002. Nicholas Paulic, AJ Cordero, Matthew Mousavi and Patrick Luther of SRS Real Estate Partners’ National Net Lease Group represented the seller in the transaction.
