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The Forum
GeorgiaInvestment salesNews

North American Properties, Nuveen Acquire Mixed-Use Property in North Atlanta Suburb

by Julia Sanders

Peachtree Corners, Ga. — North American Properties and Nuveen Real Estate have acquired The Forum on Peachtree Parkway, a 500,000-square-foot shopping center in Peachtree Corners, about 22 miles from downtown Atlanta. Originally opened in 2002, The Forum on Peachtree Parkway is an open-air lifestyle center that is home to a mix of retail, restaurants and office space, including lululemon, Pottery Barn, Trader Joe’s and Ulta Beauty. Property amenities include walking trails, property-wide Wi-Fi, outdoor seating areas and a pedestrian bridge connecting to Peachtree Corners Town Center. North American Properties has …

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Midtown Miami
FloridaInvestment salesNews

Marcus & Millichap Arranges $23 Million Sale of Retail Portfolio in Miami

by Julia Sanders

Miami — Marcus & Millichap has arranged the $23 million sale of a 17-suite retail portfolio in Miami dubbed Midtown Miami. The portfolio is occupied by tenants such as Citi Bank, 305 Kicks, Calligaris, Wynwood Tattoo and Galerie Monnin. Alex Zylberglait, Alejandro D’Alba and Scott Sandelin of Marcus & Millichap represented the seller, Block Capital Group, and procured the buyer, Rüger Holding KG. Robert Bhat of Marcus & Millichap arranged an undisclosed amount of acquisition financing for the buyer. The Midtown Miami retail portfolio features two buildings totaling 24,925 square …

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Shoppes of Lake Worth
FloridaInvestment salesNews

Current Capital Management Acquires Two Shopping Centers in South Florida for $12.8 Million

by Julia Sanders

Lake Worth Beach and West Palm Beach, Fla. — Current Capital Management has acquired two shopping centers in Lake Worth Beach and West Palm Beach for $12.8 million. Todd Nepola of Current Capital Management led the acquisition transaction for his company. Raj Gupta and Anita Gupta of Chatam Management were the sellers. Benedict Gutierrez of Marcus & Millichap arranged the transaction. Matthew Korshoff of South State Bank provided a $9 million loan for the acquisition. The two centers acquired were Coco Plum Plaza, a 43,801-square-foot retail center located at 2845 …

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GeorgiaInvestment salesNews

Stan Johnson Co. Arranges $8.5 Million Sale of Four Dollar General Locations Across Georgia

by Julia Sanders

Bishop, Colbert, Cornelia and Loganville, Ga. — Stan Johnson Co. has arranged the sale of four Dollar General locations in Bishop, Colbert, Cornelia and Loganville. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the 1031 exchange buyer in all transactions. The four sellers were private investors based in Alabama, California and Georgia. Together, the four properties were sold for $8.5 million. Combined, the properties total nearly 38,000 square feet and are occupied under long-term net leases. The Colbert location was a Dollar General Plus, a concept larger than …

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Avenue Shoppes
FloridaInvestment salesNews

Navarra Investments Sells Avenue Shoppes Retail Center in Orlando for $8.1 Million

by Julia Sanders

Orlando, Fla. — Navarra Investments LLC has sold Avenue Shoppes, a 42,196-square-foot retail strip center and outparcel in Orlando, for $8.1 million. John Krzyminski and Max Krzyminski of JLL represented the seller and procured the buyer, House Reform Group. Originally constructed in 1988, Avenue Shoppes was most recently renovated in 2020 when the seller implemented a capital improvement plan to reposition the property. The property was 94 percent leased at the time of sale to tenants including Euro Living, Wallcoverings Mart, Toxic Lounge, Greenberg Dental, GL Staffing, Little New Orleans, …

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Champions Village
Investment salesNewsTexas

JLL Arranges Sale of 383,346-Square-Foot Power Center in Northwest Houston

by Julia Sanders

Houston — JLL has arranged the sale of Champions Village, a 383,346-square-foot retail power center situated on 31.5 acres in northwest Houston. Retailers at the property include grocer Randalls, Barnes & Noble, T.J. Maxx, Tuesday Morning, Kirklands, Jenny Craig, Supercuts, Bath & Body Works, Body & Brain Yoga and Berkeley Eye Center. Restaurant users include La Madeleine, Don Ramons Mexican Restaurant, Cassandra’s Louisiana Kitchen and MOD Pizza. Chris Gerard, Ryan West, Sherri Rollins and Ethan Goldberg of JLL represented the seller, New Market Properties LLC, a subsidiary of REIT Preferred …

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Crossroads at Sunset
Investment salesNevadaNews

Dreamwork Management Buys Crossroads at Sunset Retail Center in Metro Las Vegas for $28.7 Million

by Julia Sanders

Henderson, Nev. — Dreamwork Management has acquired Crossroads at Sunset, a 13.9-acre multi-tenant retail center at the corner of Sunset Road and Stephanie Street in Henderson, about 15 miles from Las Vegas. SS Capital sold the property for $28.7 million. Chris Clifford, Steve Neiger and Brett Rather of Colliers represented the seller in the transaction.

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Walgreens
Investment salesNewsTexas

Swanson Development Co. Sells Walgreens-Occupied Property in Austin

by Julia Sanders

Austin, Texas — Swanson Development Co. has sold a 13,833-square-foot, single-tenant retail property triple-net-leased to Walgreens in Austin. Alex Sharrin, Alex Geanakos and John Indelli of JLL represented the seller in the disposition of the property to Sikka Investments. Walgreens recently signed a new 15-year lease at the property, which is located on 1.86 acres at 6200 W. William Cannon Drive.

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Meridian retail
FinanceIdahoNews

PSRS Secures $4.6 Million Refinancing for Two Retail Properties in Metro Boise

by Julia Sanders

Meridian, Idaho — PSRS has secured a $4.6 million refinancing for Gramercy and Mason Creek Retail, two retail properties in Meridian, about 10 miles from Boise. Kostas Kavayiotidis and Jacob Lee of PSRS arranged the 65 percent loan-to-value, non-recourse loan on behalf of an undisclosed borrower. The financing features a 10-year term and 30-year amortization schedule. The properties consist of four retail buildings featuring 14 units across 27,022 square feet of space. All buildings were fully occupied at the time of financing by a mix of restaurants, local and national …

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LeasingNewsVirginia

Four Retailers Join Tenant Lineup at Village at Leesburg in Northern Virginia

by Julia Sanders

Leesburg, Va. — Four retailers are joining the tenant lineup at Village at Leesburg, a mixed-use property with over 60 boutiques, restaurants and entertainment experiences in Leesburg. Rappaport owns, manages and leases the center. Tenants joining the lineup include Sienna Sky Boutique, a women’s clothing store; Mochinut, a mochi donut store; My Wellness Physicians, a weight loss and weight management provider; and Playful Pack, a doggy daycare and boarding provider. Other tenants currently at the Village at Leesburg include Wegmans, CMX Cinemas and Bowlero.

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