Natick, Mass. — An affiliate of Bulfinch Cos., in partnership with Harrison Street, has purchased a 94,000-square-foot retail property in the western Boston suburb of Natick. Neiman Marcus currently occupies the two-story building, which is contiguous to Brookfield Properties’ Natick Mall, but plans to vacate the space in September. The new ownership plans to redevelop the property but did not share specific plans.
Alexandria, Va. — SRS National Net Lease Group has brokered the $27 million sale of a Whole Foods Market-occupied retail property in Alexandria, roughly 10 miles outside Washington, D.C. The 42,243-square-foot Whole Foods is located within The Royalton, a 116-unit residential property built in 2006. Andrew Fallon and Rick Fernandez of SRS, along with Joe Friedman of Edge Capital Markets, represented the undisclosed seller, a family trust based in Hawaii, in the transaction. Benderson Development Inc. was the buyer.
Athens, Ga. — Marcus & Millichap has brokered the sale of a property occupied by CVS/pharmacy located at 795 Oglethorpe Ave. in Athens. An undisclosed buyer purchased the 14,781-square-foot property for $9.1 million. Don McMinn of Marcus & Millichap’s Taylor McMinn Retail Group represented the undisclosed seller.
Glenarden, Md. — Urban Edge Properties has acquired Woodmore Towne Centre, a 712,000-square-foot grocery-anchored shopping center located on 83 acres in Glenarden, along with an adjacent 22-acre land parcel for $193.4 million. Funding for the acquisition included cash on-hand and a $117.2 million non-recourse first mortgage loan. The financing features a 10-year term and is interest-only for the entire loan term. Woodmore Towne Center is situated nine miles from the center of Washington, D.C., off the Capital Beltway. The property was 97 percent leased at the time of sale to …
Mt. Olive, N.J. — Black Lion Investment Group has purchased ITC Crossing South, a 373,612-square-foot shopping center located on 46 acres in Mt. Olive, for $49.8 million. R.J. Brunelli & Co. brokered the sale. The property is home to retailers such as Lowe’s, Michaels, PetSmart, Old Navy, TJ Maxx, Panera Bread, McDonalds, Longhorn Steakhouse and Bed, Bath & Beyond.
Lenexa, Kan. — Block & Co. Inc. Realtors has brokered the sale of Orchard Corners shopping center in Lenexa, about 15 miles southwest of Kansas City. The 200,000-square-foot property is located at the southwest corner of 95th Street and Quivira Road across from Oak Park Mall. Anchor tenants include Nordstrom Rack, TJ Maxx, HomeGoods and Michaels. There is a 37,000-square-foot space available for lease that was previously occupied by Stein Mart. Orchard Corners was built in 1971 and renovated in the 1990s. David Block of Block & Co. represented the …
Townson, Md. — Whole Foods Market is set to open a 59,119-square-foot store within the Towson Row mixed-use development in Towson, roughly 14 miles outside Baltimore. The new location is situated near Towson University and will open this month. The store will feature an upstairs mezzanine with a lounge; arcade and outdoor seating; a community room; full-service coffee bar; prepared foods section; full-service seafood counter; an array of organic, conventional produce and flowers; a specialty foods department; full-service meat counter; bakery department; grocery pick-up services; and a wellness and beauty …
Naples, Fla. — Naples Liberty Group, an affiliate of Seagate Development Group, has purchased Liberty Plaza, a three-building office and retail property in Naples from an entity known as Naples Venture I Inc. for $11.8 million. David Stevens and Robert Carroll of Investment Properties Corp. represented the buyer, while Marc Zampell of Nationwide Residential & Commercial Real Estate Inc. represented the seller. Liberty Plaza features two buildings with two stories and one building with one story, as well as 50,000 square feet of rentable space. The property was 98 percent …
Lakewood, Colo. — Blue West Capital has arranged the sale of a 42,755-square-foot multi-tenant retail center located at 10750 West Colfax Ave. in Lakewood, roughly seven miles west of downtown Denver. Tom Ethington of Blue West Capital represented the seller, a Colorado-based private real estate company. The buyer was a California-based investor. 10750 West Colfax Ave. was fully leased at the time of sale to tenants including Harbor Freight Tools, JoAnn Fabric and Guitar Center.
Braintree, Mass. — Sterling Organization has purchased Tedeschi Plaza, a 174,344-square-foot retail center in the southern Boston suburb of Braintree, for $44.3 million. A 66,124-square-foot Stop & Shop grocery store anchors the property. Additional tenants include CVS/pharmacy, Crunch Fitness, Sherwin Williams, Dunkin’ and Citizens Bank. JLL represented the seller, Black Creek Group, in the transaction.