Tucson, Ariz. — First Washington Realty has completed the disposition of River Center, a 107,508-square-foot retail center located in Tucson, to a private investor for $31.1 million. At the time of sale, the property was fully leased to anchor Whole Foods Market and other tenants including Petco, Walgreens, Tenet Healthcare, Childtime Childcare and Orange Theory Fitness. Patrick Dempsey, Geoff Tranchina and Patrick Anthon of JLL Capital Markets represented First Washington in the transaction.
Seekonk, Mass. — Atlantic Capital Partners, a division of Atlantic Retail, has arranged the sale of Ann & Hope Plaza, a 107,597-square-foot shopping center located in Seekonk, roughly six miles southeast of Providence. Harbor Freight Tools, Petco and Bed Bath & Beyond anchor the center, which was 86 percent leased at the time of sale, though Bed Bath & Beyond plans to shutter this store as part of a larger wave of closures. Justin Smith, Chris Peterson, Sam Koonce, Cole Van Gelder and Ben Starr of Atlantic Capital Partners represented …
Delray Beach and West Palm Beach, Fla. — DalMoros Fresh Pasta To Go, a restaurant specializing in made-from-scratch pastas and tiramisu, will open two new locations in Delray Beach and West Palm Beach comprising 1,436 and 400 square feet, respectively. The West Palm Beach store will offer to-go service, with the Delray Beach store featuring delivery, takeout and some outdoor seating. DalMoros also plans to open a restaurant in downtown Orlando later this year.
Vancouver, Wash. — SRS Real Estate Partners has opened a Pacific Northwest office in Vancouver, approximately 10 miles north of Portland. Matt Martinez will lead the team, which will also include Candice Kelly, Raleigh Lau, Kim Phan, Dok Barley and Lindsay Garcia. “Reentering the market with a well-established team will gives us the ability to quickly respond to the needs of our clients in the region,” says Chris Maguire, chief executive officer of SRS.
Mount Pocono, Pa. — Agora Commercial has acquired Mount Pocono Plaza, a 195,735-square-foot shopping center located in the northeastern Pennsylvania community of Mount Pocono, for $17 million. Weis anchors the property, and other tenants include Ollie’s Bargain Outlet, Harbor Freight, Planet Fitness and Dollar Tree. The center’s occupancy rate at the time of sale was roughly 90 percent. Christopher Munley, Jim Galbally and Colin Behr of JLL represented the seller, Heidenberg Properties Group, in the transaction.
Newport Beach, Calif. — RealSource Group brokered sales of single-tenant express car wash properties totaling over $100 million last year. The transactions represented a mix of sale-leasebacks, built-to-suits/presales and ground leases across four brands. Properties included in the sales were located across eight states in the Midwest, South and Southeast. “Private individual buyers have become increasingly familiar and comfortable with this asset type for long-term investment and were eager to take advantage of the 100 percent bonus depreciation benefits in 2022, before the depreciation amount was reduced to 80 percent …
Flower Mound, Texas — STRIVE has brokered the sale of Cross Timbers Village, a 19,333-square-foot shopping center located in Flower Mound in the Dallas-Fort Worth area. Tom Thumb anchors the property, which was 100 percent leased at the time of sale. Other tenants at the center include Great Clips, Palio’s Pizza Café, New View Optometry and Happy Pediatric Dental. Hudson Lambert of STRIVE represented the seller, an undisclosed California investor, in the transaction.
Charleston, S.C. — NAI Charleston has brokered the $12 million sale of two retail buildings located at 585 and 587 King St. in Charleston’s Upper King Street district. These buildings, which span 13,700 square feet, were leased to Fuji Sushi Bar and Uptown Social at the time of sale. Thomas Boulware of NAI Charleston represented the undisclosed buyer in the transaction. Tim Weldon of Colony Commercial Real Estate represented the locally based seller, Vanderking Properties.
Sugar Land, Texas — Moody Rambin has arranged a 3,900-square-foot lease at 13574 University Boulevard in Sugar Land, roughly 20 miles southwest of Houston. Brent Fredricks and Anthony Porraz of Moody Rambin negotiated the lease agreement on behalf of the tenant, MaiLilybelle Co. Brad Ryan and Geoff Bracken of Capital Retail Properties represented the landlord.
Tallahassee, Fla. — GBT Realty has sold Governor’s Marketplace, a 243,000-square-foot power retail center located on a 34.7-acre site in Tallahassee. The buyer, an undisclosed private investor, purchased the property for $34 million. Brad Peterson of JLL represented GBT in the transaction. The shopping center was 96 percent leased at the time of sale to tenants including Marshalls, Michaels, Urban Air, Old Navy, Ulta Beauty, Petco and David’s Bridal. The center had 10,000 square feet of space available at the time of sale. Also included in the sale was a …
