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CaliforniaContent PartnersFaris Lee InvestmentsInvestment salesNews

Faris Lee Investments Negotiates $19.5 Million Acquisition of Anaheim Resort Centre Near Disneyland

by Katie Sloan

Anaheim, Calif. — Faris Lee Investments has negotiated the sale of Anaheim Resort Centre, a retail property located within the Disneyland Resort District in Anaheim. An Irvine, California-based family office acquired the center from an undisclosed seller for $19.5 million. Located on the corner of Harbor Boulevard and Katella Avenue, Anaheim Resort Centre features 10,000 square feet of retail space that nine tenants fully occupy on a triple-net lease basis. Nick Miller and Shaun Riley of Faris Lee Investments represented the buyer in the transaction.

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ConnecticutInvestment salesNews

O,R&L Commercial Arranges $18.9 Million Sale of Retail Center in Branford, Connecticut

by Katie Sloan

Branford, Conn. — O,R&L Commercial has arranged the $18.9 million sale of Shoreline Plaza, a 77,037-square-foot retail center in the southern coastal Connecticut city of Branford. Tenants include Coastal Wine & Spirits, Staples, Shoreline Prime Meats & Deli and InShape Fitness. Frank Hird of O,R&L Commercial represented the seller, A&A Properties, in the transaction, and procured the buyer, an entity doing business as Executive Two Hundred LLC.

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GeorgiaInvestment salesNews

South Coast Commercial Acquires Ivy Walk in Suburban Atlanta for $18.5 Million

by Katie Sloan

Smyrna, Ga. — South Coast Commercial has acquired Ivy Walk, a 42,499-square-foot neighborhood retail center located in the Atlanta suburb of Smyrna, for $18.5 million. Built in 2004, the property was 91 percent occupied at the time of sale by tenants including Muss & Turner’s, South City Kitchen, First Watch, Natural Body Spa and Children’s Healthcare of Atlanta. The center is located at the intersection of Atlanta Road and Cumberland Parkway, roughly 16 miles northwest of Atlanta. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL Capital Markets represented the …

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Investment salesNewsWashington

Sterling Realty Sells Lynnwood Crossroads Shopping Center Located Outside Seattle for $45 Million

by Katie Sloan

Lynnwood, Wash. — Sterling Realty Organization has sold Lynnwood Crossroads, a grocery-anchored shopping center located roughly 16 miles north of Seattle in Lynnwood, for $45 million. Pete Bethea, Glenn Rudy and Rob Ippolito of Newmark represented the buyer, Sakioka Farms, in the all-cash 1031 exchange transaction. Billy Sleeth and Paul Sleeth, also of Newmark, represented the seller. The 103,141-square-foot property was fully occupied at the time of sale by tenants including Sprouts Farmers Market, LA Fitness, Starbucks Coffee, Jersey Mike’s Subs, Five Guys, The Joint Chiropractic, Great Clips and Qdoba.

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FloridaInvestment salesNews

Publix Super Markets Acquires Osceola Village Shopping Center in Suburban Orlando for $36.1 Million

by Katie Sloan

Kissimmee, Fla. — Publix Super Markets has purchased Osceola Village, a 121,445-square-foot shopping center located at 3040 Dyer Blvd. in Kissimmee, a suburb of Orlando. East Coast Acquisitions sold the Publix-anchored property for $36.1 million. Brad Peterson and Whitaker Leonhardt of JLL represented the seller in the transaction and procured the buyer. Built in 2008 and renovated in 2022, Osceola Village was fully leased at the time of sale to tenants including Metro Diner, Insight Credit Union, Orlando Health, DaVita Dialysis and Goodwill, which recently entered a new 15-year lease. 

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Investment salesNebraskaNews

Investors Realty Arranges $21.4 Million Sale of Retail Property in Omaha, Nebraska

by Katie Sloan

Omaha, Neb. — Investors Realty has arranged the $21.4 million sale of a 123,664-square-foot retail property in Omaha. Located at the intersection of 72nd and Pacific streets, the asset is home to Aldi, Cavender’s and Kohl’s. Ember Grummons of Investors Realty represented the seller, NewStreet Properties. Jason Taylor of Equity Management Group represented the buyer, Caller Properties.

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Investment salesMarylandNews

Cushman & Wakefield Brokers Sale of 125,245-Square-Foot Shopping Center in Metro Washington, D.C.

by Katie Sloan

Takoma Park, Md. — Cushman & Wakefield has brokered the sale of Takoma Langley Crossroads, a 125,245-square-foot, grocery-anchored shopping center in Takoma Park, roughly six miles north of Washington, D.C. Granite Canyon Partners purchased the grocery-anchored center for an undisclosed price. Cushman & Wakefield’s John Owendoff represented the unnamed seller in the transaction. The recently renovated shopping center was nearly fully leased at the time of sale to tenants including Aldi, Walgreens, Citibank, Taco Bell and 7-Eleven. Situated on nearly 10 acres at the intersection of University Boulevard and New Hampshire …

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DevelopmentNewsUtah

CenterCal Properties Completes 1 Million-Square-Foot Mountain View Village in Metro Salt Lake City

by Katie Sloan

Riverton, Utah — CenterCal Properties has completed the final phase of development at Mountain View Village, a 1 million-square-foot mixed-use property located in Riverton, roughly 20 miles south of Salt Lake City. Construction began on Phase I of the 86-acre development in 2018. In total, the property features retail space with over 50 entertainment, health, beauty, apparel, grocery and restaurant tenants; 177,000 square feet of office space; Village Lofts, a 208-unit multifamily community; a 14-screen Cinemark Theatre; and outdoor gathering spaces with a show fountain, five pocket-parks and a covered town …

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GeorgiaGrocery-anchoredInvestment salesNews

Garner Group Sells Publix-Anchored Shopping Center in Central Georgia for $12 Million

by Katie Sloan

Warner Robins, Ga. — Garner Group has sold Publix at Gunn Battle, an 80,675-square-foot shopping center located in the central Georgia community of Warner Robins. Publix anchors the property, which was 93 percent occupied at the time of sale. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL Capital Markets represented the seller in the disposition of the center to a joint venture between Forge Capital Partners and The Sembler Co. The property was developed in 2010 and is located at 6015 Watson Blvd.

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CaliforniaInvestment salesNews

Hanley Investment Group Brokers $5 Million Sale of Two-Tenant Outparcel in Palm Desert, California

by Katie Sloan

Palm Desert, Calif. — Hanley Investment Group has arranged the sale of a two-tenant outparcel property located at 72306 Highway 111 in Palm Desert. Newport Beach-based Sage Investco sold the asset to a Salt Lake City-based private investor for $5 million. Mattress Firm occupies 3,800 square feet and Club Champion occupies 3,016 square feet at the asset on a net-leased basis. The property is an outparcel to a Walmart Neighborhood Market. Eric Wohl and CJ Kiehler of Hanley Investment Group represented the buyer and seller in the deal.

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