Portsmouth, N.H. — Atlantic Capital Partners has brokered the sale of Durgin Square, a 133,924-square-foot retail center in Portsmouth, located in southern New Hampshire. Originally built in 1995, Durgin Square is anchored by a 41,980-square-foot Whole Foods Market and was 96 percent leased at the time of sale. Other tenants include T.J. Maxx and HomeGoods. Justin Smith, Scott Black, Sam Koonce, Molly Lynch and Ben Starr of Atlantic Capital Partners represented the undisclosed seller and buyer in the off-market deal.
Stone Mountain, Ga. — First National Realty Partners has acquired Crowe’s Crossing, a 93,728-square-foot shopping center in Stone Mountain. The seller and sales price were not disclosed. Located at 1232 South Hairston Road, the property is situated approximately 12 miles east of downtown Atlanta. The shopping center was 97 percent occupied at the time of sale and anchored by a 45,528-square-foot Kroger Supermarket.
Gainesville, Ga. — Bridge33 Capital has sold Westbrook Plaza, a 49,364-square-foot retail center in the Atlanta suburb of Gainesville, for $8.7 million. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller in the disposition of the property to Collett Capital. Constructed in 2006 and anchored by Best Buy, the center was fully leased at the time of sale to tenants including Burn Boot Camp, Mattress Firm, WNB Factory, Pazzi’s Pizza, Paris Nails and Pet Pleasers Bakery.
Enterprise, Ala. — Stan Johnson Co. has arranged the sale of a 54,500-square-foot shopping center located at 913 Rucker Blvd. in Enterprise. Brett Puckett of Stan Johnson Co. represented the seller, a Mississippi-based private investor, in the transaction. The buyer, an individual investor based in New Hampshire, acquired the property for $3.2 million. Anchored by Planet Fitness, the shopping center was 78 percent occupied at the time of sale by seven additional tenants.
New Lenox, Ill. — Marcus & Millichap has arranged the $4.9 million sale of a retail strip center in New Lenox, a southwest suburb of Chicago. Chipotle Mexican Grill anchors the 9,907-square-foot property. Other tenants include MOD Pizza, Smoothie King, Classy Nails and Vino Gaming Wine Bar. Brian Parmacek of Marcus & Millichap represented the seller, a Chicago-based developer. The buyer was undisclosed.
Las Vegas — Brixton Capital has completed the sale of Rainbow Plaza, a 259,980-square-foot shopping center in Las Vegas. An undisclosed buyer acquired the asset for $63.7 million. Rob Ippolito of Newmark represented the seller in the deal. At the time of sale, the dual grocery-anchored center was 94 percent occupied by tenants including Albertsons, Ross Dress for Less, The Home Depot, Sprouts Farmers Market, Goodwill, EOS Fitness and Chase Bank.
Charleston, S.C. — Stiles has sold Point Hope Commons, a 75,000-square foot neighborhood shopping center in Charleston, for $29 million. Publix anchors the center, which was developed by Stiles in 2019. The property was 92 percent leased at the time of sale to tenants including Roper St. Francis Healthcare, Heartland Dental and Cainhoy Veterinary Hospital.
Chesnee, S.C. — Marcus & Millichap has arranged the $3.1 million sale of a 62,799-square-foot Food Lion-anchored shopping center located in Chesnee. Ani Paulson and Pearce Vogler of Marcus & Millichap represented the seller, an undisclosed private investor. The team also secured and represented the undisclosed buyer. Located at 712 S Alabama Ave. on 5.6 acres, the shopping center is occupied by tenants including O’Reilly Auto Parts.
San Gabriel, Calif. — SRS Real Estate Partners has arranged the sale of a grocery-anchored retail center located at 7260 Rosemead Blvd. in San Gabriel, roughly 10 miles outside Los Angeles. A West Coast-based owner and operator sold the property to a Hong Kong-based buyer for $10.9 million. Situated on 1.8 acres, the three-tenant center was built in 1960 and renovated in 2017 and 2018. Grocery Outlet, Bank of America and Wingstop occupy the 25,510-square-foot property. Matthew Mousavi and Patrick Luther of SRS’ Investment Properties Group represented the seller in …
Lemont, Ill. — Cooper Commercial Investment Group has brokered the $8.1 million sale of Centennial Plaza, a 38,500-square-foot retail center located in the Chicago suburb of Lemont. Jewel-Osco shadow-anchors the center, which was 97 percent leased at the time of sale. Bob Havasi and Dan Cooper of Cooper Group represented the seller, a New Jersey-based private investment group. A California-based private group was the buyer. The asset traded at a cap rate of 7.4 percent.