Indianapolis — Marcus & Millichap has brokered the $3.9 million sale of Thompson Commons in Indianapolis. The 21,125-square-foot retail property, located at 5202 E. Thompson Road, is home to a five-tenant building as well as a freestanding urgent care building. Joel Dumes and Kyle Teets of Marcus & Millichap represented the seller, a limited liability company. The duo also secured and represented the buyer, an out-of-state limited liability company.
Hemet, Calif. — SRS Real Estate Partners has arranged the sale of Ramona Plaza, a retail center located at 1300-1480 E. Florida Ave. in Hemet. A Southern California-based investor sold the property to a California-based private investor for $13.9 million. Winston Guest, Matthew Mousavi and Patrick Luther of SRS’ National Net Lease Group represented the seller, while The Visintainer Group represented the buyer in the transaction. Built in 1974 on 6.4 acres, Ramona Plaza features 102,546 square feet of retail space. At the time of sale, the property was 88 …
Melrose Park, Ill. — NewMark Merrill Cos. Inc. has sold a 90,000-square-foot building at Winston Plaza, a 400,000-square-foot shopping center in the Chicago suburb of Melrose Park. Cermak Fresh Market acquired the building and plans to open a new grocery store by the end of this year. Sandy Sigal and Brad Pearl represented NewMark Merrill on an internal basis alongside Joe Parrott and Sean McCourt of CBRE. Dino Geroulis and John Roberson of Axis Realty represented Cermak. Kostas Kavayiotidis of Pacific Southwest Realty structured financing. Anchor tenants at Winston Plaza …
San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $10 million sale of World Plaza, a 55,810-square-foot multi-tenant retail property located in San Bernardino. Matt Burnett of Hanley Investment Group represented the seller, Presidio Property Trust Inc. Brian Heron of Commercial Retail Associates represented the undisclosed buyer in the transaction. Located at 1535 E. Highland Ave., the property was home to seven tenants at the time of sale including Chuze Fitness, Citizen’s Bank, Mother’s Nutrition, County of San Bernardino, Five Keys School, a dental office and …
Lake Mary, Fla. — JLL Capital Markets has arranged the $8.7 million sale of Lake Mary Pointe, a 51,052-square-foot shopping center anchored by Publix in Lake Mary, about 27 miles from Orlando. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL marketed the property on behalf of the seller, HS Capital Funds Inc. Tricon Development of Brevard Incorporated acquired the property. The property was 98 percent leased at the time of sale to tenants including Healthy Pets and Urgent Care, Flawless Hair Salon, China Star, Mariner Finance, Jailisco, Divine Nails …
Tucson, Ariz. — Cushman & Wakefield | PICOR has arranged the sale of a 45,556-square-foot retail property located at 770 N. Kolb Road in Tucson. The building was formerly occupied by a discount movie theater that closed in March, according to the Arizona Daily Star. VRE Storage Tucson Kolb LLC acquired the property from Century Theaters for $4 million. Greg Furrier of Cushman & Wakefield | PICOR represented the seller, while James Montgomery of Verdad represented the buyer in the deal.
High Point, N.C. — Marcus & Millichap has arranged the sale of a Goodwill-occupied property located at 2012 North Main St. in High Point. The 11,480-square-foot net-leased property was sold for $3.4 million. Dominic Sulo and Benjamin Bach of Marcus & Millichap represented the seller, a California-based limited liability company, in the transaction. Ben Yelm, North Carolina Broker of Record, assisted in closing this transaction.
Atlanta — Fashion retailer YOYOSO will open an 8,244-square-foot store at Atlantic Station, a mixed-use destination in Atlanta’s West Midtown area. The property features over 30 stores and restaurants, entertainment concepts, hotels and 700,000 square feet of Class A office space, including a new office tower anchored by Microsoft. YOYOSO is set to open its doors this fall. The retailer has over 1,000 locations across 36 countries and over 380 cities.
Kennesaw and Woodstock, Ga. — Whataburger is set to open its first restaurants in the Atlanta metropolitan area this year. The two locations will be situated at 705 Town Park Lane NW in Kennesaw, and at 9766 GA-92 in Woodstock. Additional Whataburger locations will open in the Atlanta area in 2023, including restaurants at 503 Lakeland Plaza in Cumming, Georgia; SEQ Buford Drive and Exchange Drive in Buford, Georgia; 3321 Lexington Road in Athens, Georgia; 3201 Atlanta Highway in Athens, Georgia; 100 Pottery Road in Commerce, Georgia and 15 Wallace …
Allendale, N.J. — Azarian Realty Co. has signed fast casual restaurant concept Primo Hoagies to a 2,008-square-foot lease at the 90,000-square-foot Allendale Town Center, located in Bergen County in Northern New Jersey. Kevin Pelio and James Azarian of Azarian Realty Co. represented the undisclosed landlord in the lease negotiations. Jason Brooke of MSC Retail represented the tenant. Primo Hoagies currently operates 85 franchised locations across seven states and is underway on expansion plans.