News

Park Place

Atlanta — CBRE National Retail Partners has brokered the sale of Park Place, an 82,097-square-foot retail property in Atlanta’s Central Perimeter. Edens purchased the center from Coro Realty Advisors for an undisclosed amount. Chris Decoufle, Kevin Hurley and Matt Karempelis of CBRE represented the seller in the transaction. Built in 1978, the property was 92 percent occupied at the time of sale by tenants including Alon’s Bakery and Market, Fidelity Investments, Jared Galleria of Jewelry, Allen Edmonds, Expedia Travel, Balance Salon and The Brass Tap.

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Gold Hills

Woodland Park, Colo. — Institutional Property Advisors (IPA) has brokered the $10.3 million sale of Gold Hill Shopping Center, a 47,978-square-foot multi-tenant retail center in Woodland Park, about 19 miles from Colorado Springs. The center was fully occupied at the time of sale by tenants including City Market and Wendy’s. Ryan Bowlby and Drew Isaac of IPA represented the undisclosed buyer and secured the undisclosed seller in the transaction.

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Dollar General

Wilmette, Ill. — The Boulder Group has brokered the sale of a portfolio of properties net leased to Dollar General for $5.4 million. The four single-tenant buildings are located in Battle Creek, Michigan; Bedford, Indiana; Sheffield, Illinois; and Streator, Illinois. Randy Blankstein and John Feeney of Wilmette-based Boulder represented the seller, a West Coast-based private individual, as well as the buyer, a Midwest-based institution. Each property has 10 to 12 years remaining on its lease term.

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Hunters Walk

Gainesville, Fla. — Marcus & Millichap has arranged the $4.4 million sale of Hunter’s Walk, a 13,200-square-foot retail property in Gainesville. James Medefind, Jim Shiebler and James Garner of Marcus & Millichap represented the undisclosed seller. Located at 5141 NW 43rd St., the center was occupied by tenants including Cedar River Seafood, Bella Nail Salon, H&R Block, Salon Centric, KB Design & Remodel, Adam’s Rib Co., Goodwill and Yo3 Metro Frozen Yogurt at the time of sale.

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Carlsbad Village

Carlsbad, Calif. — Tooley Interests LLC has purchased Carlsbad Village Plaza, a grocery-anchored shopping center in Carlsbad. Balboa Retail Partners sold the property for $23.5 million. Located 945-1065 Carlsbad Village Drive, the center features 58,735 square feet of retail space. Smart & Final Extra anchors the property. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller in the deal.

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Todds Center

Lexington, Ky. — SVN | Stone Commercial Real Estate has brokered $5.8 million sale of Todds Center, a 30,418-square-foot shopping center located on Man O’ War Blvd. in Lexington. Matt Stone and Neal Metcalfe of SVN | Stone Commercial Real Estate represented the undisclosed seller in the transaction. Jamie Adams and J.L. Cannady of NAI Isaac represented the undisclosed buyer of the property. SVN Stone Commercial Real Estate has managed and leased the shopping center for the past eight years.

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Vero Beach Square

Vero Beach, Fla. — Marcus & Millichap has arranged the $5.3 million sale of Vero Beach Square, an 11,480-square-foot retail strip center in Vero Beach. Drew Kristol, Kirk Olson and Marc Yaffe of Marcus & Millichap represented the seller, Konover South, and the buyer, Ross Realty Investments Inc., in the transaction. The center was 88 percent leased at the time of sale to tenants including Dunkin’ Donuts, Jersey Mike’s Subs, Tropical Smoothie Cafe and Supercuts. The property is shadow-anchored by Tire Kingdom and Murphy’s Gas.

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Caliber Car Wash

Columbus, Ga. — Mag Mile Capital has secured $3 million in acquisition financing for a triple-net-leased retail property located at 3498 Victory Drive in Columbus. The 3,648-square-foot retail property is fully leased to Caliber Car Wash. Paula Mello and Matt Weilgus of Mag Mile Capital arranged the 10-year, fixed-rate loan through an undisclosed regional credit union on behalf of the borrower, Freeport Equity. The loan features a 25-year amortization schedule.

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Southland Crossings

Boardman, Ohio — First National Realty Partners has acquired Southland Crossings, a 245,678-square-foot grocery-anchored shopping center located at 1150-1300 Doral Drive in the Youngstown suburb of Boardman. Southland Crossings was 91 percent occupied at the time of sale by tenants including a 77,592-square-foot Giant Eagle Supermarket, Ross Dress for Less, PetSmart, DSW and Michaels.

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South Frisco Village

Frisco, Texas — JLL has arranged the sale of South Frisco Village, a 227,041-square-foot retail center in Frisco, about 28 miles north of Dallas. Ryan Shore, Chris Gerard, Barry Brown and Jack Copher of JLL represented the seller, InvenTrust Properties Corp. Vista Property Co. acquired the property for an undisclosed price. Built in 2001, South Frisco Village has 28 retail suites. The property was 92 percent occupied at the time of sale by tenants such as Bed Bath & Beyond, Jo-Ann Fabrics, Buy Buy Baby and Painted Tree Marketplace.

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