Carrollton, Texas — Stan Johnson Co. has arranged the $25 million sale of Northcrest Village, a 136,061-square-foot shopping center in the northern Dallas suburb of Carrollton. The property was 85 percent leased at the time of sale to tenants including Aldi ,Ace Hardware, Subway, O’Reilly Auto Parts, The UPS Store, Little Caesars Pizza and State Farm Insurance. Margaret Caldwell, Patrick Kelley and Gill Warner of Stan Johnson Co. represented the seller, an Oklahoma-based developer, in the transaction. A Texas-based private investor purchased the property via a 1031 exchange. Both parties …
Dundalk, Md. — Continental Realty Corp. has sold Merritt Manor Shopping Center, an 88,332-square-foot, fitness-anchored retail center in Dundalk, about 9 miles from Baltimore. Abrams Development Group purchased the property for $11.9 million. Dean Zang and David Crotts of Marcus & Millichap represented CRC in the transaction. Merritt Manor was 96 percent leased at the time of sale to tenants including Gold’s Gym, Sherwin-Williams, Dollar General, Hair Cuttery, GNC, Chicken Rico and Leslie’s Swimming Pool Supplies. CRC completed renovations on the property, including upgrading the center’s exterior facade, enhancing all …
Brighton, Mich. — Three new tenants have signed leases to open at Green Oak Village Place in Brighton, about 45 miles northwest of Detroit. Athleta, F45 Training and US Mattress are all scheduled to open this summer. Athleta will occupy 4,400 square feet. F45 will occupy 2,838 square feet. US Mattress will lease 3,000 square feet. Green Oak Village Place is home to more than 50 retailers and restaurants. A joint venture between REDICO and Lormax Stern Development Co. developed the property.
Savannah, Ga. — First National Realty Partners LLC has acquired McAlpin Square, a 170,000-square-foot shopping center in Savannah. David Rivers of Palomar Group represented the undisclosed seller in the transaction. Opened in 1980, McAlpin Square is anchored by a 43,600-square-foot Kroger, one of the original tenants at the center. Kroger operates a branded onsite fuel center as well. Additional tenants include Big Lots, Goodwill, the US Postal Service, Family Dollar, Rainbow, Rent-A-Center, Subway, Domino’s Pizza and GameStop.
Stratton, Vt. — Big V Property Group has acquired The Village at Stratton, a 47,837-square-foot retail center in the Vermont ski resort town of Stratton. The Village at Stratton was fully leased at the time of sale to a roster of 20 tenants. Big V acquired the property as part of a portfolio sale that included The Village at Snowshoe in West Virginia and The Village at Copper Mountain in Colorado. The seller was not disclosed.
Middletown, N.Y. — SRS Real Estate Partners has arranged the $8.7 million sale of a 14,564-square-foot, single-tenant retail property located in Middletown, about 75 miles north of New York City. The property was built on 1.1 acres in 2007 and is triple net leased to Walgreens on a long-term basis. Winston Guest, Matthew Mousavi and Patrick Luther of SRS Real Estate represented the seller in the transaction, and Josh Goldflam of Highcap Group represented the buyer. Both parties were New York-based private investors who requested anonymity.
Flint, Mich. — The Jonna Group of Colliers has brokered the sale of a 6,885-square-foot commercial building in Flint. The property, built in 2019, is located at 5009 Miller Road. Tenants at the fully leased building include U.S. Army & Navy Career Center, Jersey Mike’s and Smoothie King. Simon Jonna of Colliers represented the seller, a Michigan-based private developer. The buyer was not disclosed.
Howell, Mich. — Metro Infusion Center has leased the remaining 1,458 square feet at Shops at Westbury in Howell, about 30 miles north of Ann Arbor. Michael Murphy and Bill McLeod of Gerdom Realty & Investment represented the undisclosed landlord. Todd Schultz of Schultz Real Estate represented the tenant.
Kingstowne, Va. — Avison Young has brokered the sale of a retail portfolio totaling 410,398 square feet in Kingstowne, located approximately 13 miles southwest of Washington, D.C. in Fairfax County. Rockville, Maryland-based Federal Realty Investment Trust (NYSE: FRT) purchased the portfolio for $200 million. The retail portfolio includes a significant portion of Kingstowne Towne Center, a live-work-play power center in Virginia. The property is 97 percent leased to 61 tenants, including supermarkets Safeway and Giant. According to local news outlets, the center also features tenants T.J. Maxx, Ross, HomeGoods, &pizza …
Vacaville, Calif. — Nella Holdings and Tower Investments have acquired Nut Tree Plaza in Vacaville from a partnership managed by Dunhill Partners for $124.5 million. Located at 1621 E. Monte Vista Ave, the 370,114-square-foot center features 68 retail stores, 17 restaurants and outdoor attractions including a kiddie train. Current tenants include Nordstrom Rack, Ulta Beauty, Best Buy, PetSmart, Five Below, Cost Plus World Market, HomeGoods, Old Navy, Buffalo Wild Wings, Old Navy, Michaels, Best Buy, Home Goods, Bevmo!, Panera Bread, Peet’s Coffee, See’s Candies, Jelly Belly Candy Store and Jamba …