Medina, Ohio — Nassimi Realty has acquired Medina Grande Shops, a 150,288-square-foot shopping center located roughly 30 miles outside Cleveland in Medina. Tenants at the property include Ashley HomeStore, PetSmart, Jo-Ann Stores, FedEx Kinko and Dental One. CBRE represented the undisclosed seller in the transaction.
Charlottesville, Va. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has arranged the sale of Rio Roads Shops, a 14,696-square-foot retail strip center located in Charlottesville. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the seller, Rio Road Shops LLC. A private, Richmond-based investment firm acquired the property for $7.2 million as part of a 1031 exchange. The center is fully leased to five tenants, including Verizon, Jimmy Johns, Mattress Firm, SportClips and Vitamin Shoppe.
Middleton, Wis. — Marcus & Millichap has arranged the $3.1 million sale of Cornerstone Mall in Middleton, a northwest suburb of Madison. The 18,733-square-foot retail property is located at 2831 Parmenter St. and was 92 percent leased at the time of sale to tenants such as Hurts Donut Co. and Jet’s Pizza. Austin Weisenbeck, Sean Sharko and Marc Sitzer of Marcus & Millichap represented the seller, a limited liability company. The buyer was undisclosed.
Staten Island, NY. — Kimco Realty Corp. has signed 14 new tenants to The Boulevard on Staten Island, an open-air retail center in Staten Island. Applebee’s, Old Navy, Party City, Spectrum, Urban Planet and Sterling Optical have opened at the property. Lobo Loco, Panera Bread, On a Roll, Hawaii Poke Bowl, Menchie’s Frozen Yogurt, Greek Xpress and Tropical Smoothie Café and jewelry retailer Michael’s Jewelry of NY are set to open within the next few months. During the first quarter of 2022, Alamo Drafthouse Cinema, New China Hibachi, Sese Spa, …
Anaheim Hills, Calif. — Sunbelt Investment Holdings has purchased a 205,000-square-foot The Home Depot Superstore in Anaheim Hills for an undisclosed price. The flagship store is situated on 18 acres along the north side of Interstate 91 roughly 38 miles outside Los Angeles. The property is the largest Home Depot on the West Coast and the second largest in the nation, according to the buyer. The name of the seller was not released.
St. Matthews, Ky. — Kaden Cos. has acquired Best Buy Center, a 220,000-square-foot retail center located at 5005 Shelbyville Road in St. Matthews, about eight miles from Louisville. The property will be rebranded as Saint Matthews Gateway and is home to tenants including Best Buy, Total Wine & More, Frontgate and DSW Designer Shoe Warehouse. The seller and sales price were not disclosed.
Morris Township, N.J. — Accurate Builders & Developers has broken ground on Morris Marketplace, a 140,000-square-foot retail redevelopment project located on the 64-acre former Colgate-Palmolive corporate campus in Northern New Jersey. Accurate Builders is co-developing the project with DeVimy Equities Inc. The center will feature children’s play areas, pocket parks, splash pads and seating areas, as well as outdoor dining and recreational spaces. Committed tenants include Lidl, Starbucks Coffee, AT&T, Orangetheory Fitness and Restore Wellness & Cryotherapy. Construction is expected to be complete in the fourth quarter of 2022, at …
Fort Pierce, Fla. — American Commercial Realty Corp. has acquired Indrio Crossings Shopping Center, a 131,000-square-foot center located at 4846 N. Kings Highway in Fort Pierce. The property is anchored by a 57,200-square-foot Winn-Dixie Grocery and co-anchored by Bealls Outlet and Dollar Tree. The Winn-Dixie location was renovated in 2018. AutoZone is set to open at the center in November. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS’ Investment Properties Group represented the undisclosed seller in the transaction. George Kleier of American Commercial Realty represented the buyer.
Slidell, La. — SRS’ Investment Properties Group has brokered the sale of two single-tenant properties net leased to Winn-Dixie in Slidell, roughly 31 miles outside New Orleans. H&R 2985 Gause LLC and H&R 3030 Pontchartrain LLC sold the properties for $10.9 million to NS Retail Holdings LLC. Kyle Stonis and Pierce Mayson of SRS’ Investment Properties Group, along with William Place of L + A Retail, represented the seller in the transaction. The buyer was self-represented. Located at 2985 Gause Blvd. and 3030 Pontchartrain Drive, the properties are the only …
Albuquerque, NM., Conyers, Ga., and Mandeville and Marrero, La. — Faris Lee Investments has arranged the $13.9 million sale of four properties ground leased to Chick-Fil-A. Jeff Conover and Scott DeYoung of Faris Lee Investments represented the sellers, local developers from both the Southeast and Southwest regions of the United States. Faris Lee also procured the 1031 exchange buyers, who were based out of the West Coast, Southwest and Northeast regions. The properties are occupied under an average 15-year lease term and are located in Albuquerque, New Mexico; Conyers, Georgia; …