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Beverlywood Plaza
CaliforniaInvestment salesNews

Passman Group Brokers $6.7 Million Sale of Beverlywood Plaza in Los Angeles

by Julia Sanders

Los Angeles — The Passman Group has arranged the $6.7 million sale of Beverlywood Plaza, a shopping center located in Beverlywood, a neighborhood in the Westside region of Los Angeles. The names of the buyer and seller were not released. Situated on a 13,500-square-foot lot, the property features 9,500 square feet of retail space. Current tenants include Beverly Robertson Veterinary Clinic and Beverlywood Market. David Passman, Marc Pakravan and Michael Navi of The Passman Group represented the seller in the deal.

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Brass Mill Commons
ConnecticutInvestment salesNews

Newmark Completes Sale of 204,447-Square-Foot Retail Center in Metro New Haven

by Julia Sanders

Waterbury, Ct. — Newmark has completed the sale of Brass Mill Commons, a grocery-anchored power center located in Waterbury, about 23 miles from New Haven. Geoffrey Millerd of Newmark represented the seller and procured the buyer. Mathew Adler of Newmark provided additional support on the transaction and Coley Cannon of Newmark provided financial analysis support. Totaling 204,447 square feet, Brass Mill Commons is anchored by Save A Lot and features retailers including Dick’s Sporting Goods, T.J.Maxx, Michaels, Petco, Barnes & Noble, Ulta Beauty and Buffalo Wild Wings. The property also …

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AlaskaInvestment salesNews

Time Equities Acquires Retail, Warehouse Portfolio in Anchorage for $44 Million

by Julia Sanders

Anchorage, Alaska — Time Equities Inc. has purchased Midtown Mall and 5900 Old Seward Highway in Anchorage from Seritage Growth Properties for $44 million. Midtown Mall is a 164,664-square-foot, grocery-anchored shopping center. At the time of sale, the property was 81 percent leased to tenants including Carr’s Grocery Store, Guitar Center, Nordstrom Rack and Planet Fitness. Situated on 7.8 acres, 5900 Old Seward Highway is a 98,087-square-foot former Sears warehouse building, which is currently vacant. Ami Ziff, Jonathan Kim and Grant Scott provided in-house representation for Time Equities, while Dino …

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Investment salesNewsTexas

Stan Johnson Co. Arranges $25 Million Sale of Metro Dallas Shopping Center

by Julia Sanders

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 …

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Merritt Manor
Investment salesMarylandNews

Continental Realty Corp. Sells Shopping Center in Metro Baltimore for $11.9 Million

by Julia Sanders

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 …

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Green Oak
LeasingMichiganNews

Three New Tenants Sign Leases at Green Oak Village Place in Brighton, Michigan

by Julia Sanders

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.

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McAlpin Square
GeorgiaInvestment salesNews

First National Realty Acquires 170,000-Square-Foot Grocery-Anchored Shopping Center in Savannah

by Julia Sanders

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.

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Investment salesNewsVermont

Big V Property Group Acquires 47,837-Square-Foot Retail Village in Stratton, Vermont

by Julia Sanders

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.

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Investment salesNew YorkNews

SRS Real Estate Arranges $8.7 Million Sale of Single-Tenant Retail Property in Middletown, New York

by Julia Sanders

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.

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Jonna
Investment salesMichiganNews

Colliers Brokers Sale of 6,885-Square-Foot Commercial Building in Flint, Michigan

by Julia Sanders

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.

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