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FloridaInvestment salesNews

SRS Negotiates $3.2 Million Ground-Lease Sale of Tampa Bay Retail Property Occupied by Fifth Third Bank

by Hayden Spiess

Bradenton, Fla. — SRS Real Estate Partners’ National Net Lease Group has negotiated the $3.2 million ground-lease sale of a single-tenant retail property in Bradenton occupied by Fifth Third Bank. Built in 2007 and situated on approximately 1.1 acres, the 3,500-square-foot property is located at 6550 Cortez Road W. Patrick Nutt and William Wamble of SRS represented the seller, a California-based private investor, in the transaction. The buyer was Massachusetts-based Dorchester Avenue Holding LLC. Fifth Third Bank has more than 13 years remaining on its corporate-guaranteed lease, according to SRS.

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LeasingNew YorkNews

Boot Barn Signs 10,000-Square-Foot Lease in Bohemia, New York

by Hayden Spiess

Bohemia, N.Y. — Boot Barn, a Western and work apparel retailer, has signed a lease at Sayville Plaza in Bohemia on Long Island. Boot Barn will occupy a 10,000-square-foot space at the shopping center, which features other tenants including Bed Bath & Beyond, Old Navy, Christmas Tree Shops, Panera Bread, The Vitamin Shoppe, Chipotle Mexican Grill, F45 Fitness, Sprint, Floor & Décor, At Home, Aldi and JOANN Fabric and Crafts. Robert Delavale of Breslin Realty arranged the lease on behalf of the landlord.

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Target-Portland-Town-Center-Portland-Texas
DevelopmentMixed-useNewsTexas

McLeod Cobb to Break Ground on $100 Million Mixed-Use Project Near Corpus Christi

by Hayden Spiess

Portland, Texas — McLeod Cobb Investments is set to break ground on Portland Town Center, a $100 million mixed-use development located in Portland, roughly 10 miles outside Corpus Christi. The project will include 200,000 square feet of retail space and 300 multifamily units. A 128,500-square-foot Target will anchor the retail portion of Portland Town Center, which will also include 17 pad sites. The 45-acre development site is located at the intersection of US Hwy. 181 and Broadway Boulevard, roughly three miles from the Port of Corpus Christi. The project is …

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Topgolf-Baltimore
DevelopmentLeasingMarylandNews

Topgolf to Open South Baltimore Venue at Walk at Warner Street Entertainment District

by Hayden Spiess

Baltimore — Topgolf plans to open its first Baltimore venue and third location in Maryland this Friday, bringing its global count to 81. Located at the intersection of Stockholm and Warner streets in the newly branded Walk at Warner Street entertainment district, the three-level venue sits adjacent to Horseshoe Casino Baltimore and M&T Bank Stadium, home of the Baltimore Ravens. Local media outlets report that construction is underway for a concert venue at the district called The Paramount Theater. The new Topgolf will employ around 500 staffers and include 90 …

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Towne-Crest-Village-McDonough-Ga
GeorgiaInvestment salesNews

Northmarq Completes Sale of 20,053-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

McDonough, Ga. — Northmarq has arranged the sale of Towne Crest Village, a 20,053-square-foot retail center located in McDonough, approximately 30 miles outside of Atlanta. Jeff Enck of Northmarq represented the private Florida-based buyer in the transaction. An individual Los Angeles-based investor sold the property for $5.7 million. Built in 2005, Towne Crest was 100 percent leased at the time of sale.

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Investment salesKansasNews

Quantum Arranges $3.5 Million Sale of Retail Strip Center in Lawrence, Kansas

by Hayden Spiess

Lawrence, Kan. — Quantum Real Estate Advisors Inc. has arranged the $3.5 million sale of a multi-tenant retail strip center located in Lawrence. Jersey Mike’s, which recently signed a new 10-year lease, anchors the property. Zack Hilgendorf of Quantum represented the undisclosed buyer. The property sold to a family office based in Wichita.

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ArizonaInvestment salesNews

Cushman & Wakefield|PICOR Brokers Sale of 24,000-Square-Foot Retail Building in Sierra Vista, Arizona

by Hayden Spiess

Sierra Vista, Ariz. — Cushman & Wakefield|PICOR has brokered the sale of a retail property in Sierra Vista. Orion Sierra Vista AZ LLC sold the asset to 2030 East LLC for $2.3 million. Located at 354 S. Highway 92, the property features 24,000 square feet of retail space. Jose Dabdoub and Ryan McGregor of Cushman & Wakefield|PICOR represented the seller, while Robert Fischrup and Eric Lamb of Vast Commercial Real Estate Solutions LLC represented the buyer in the deal.

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Kendig-Square-Willow-Street-Pa
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Brokers Sale of 186,749-Square-Foot Retail Center in Southern Pennsylvania

by Hayden Spiess

Willow Street, Pa. — Northpath Investments has sold Kendig Square, a 186,749-square-foot retail center located in Willow Street, roughly 70 miles west of Philadelphia. Christopher Munley, Jim Galbally, Colin Behr and James Graf of JLL Capital Markets represented Northpath in the transaction. Kendig Square, which was 95 percent occupied at the time of sale, is anchored by Weis Markets, a grocer with over 30 years of tenancy at the property. Additional tenants include Rite Aid, Planet Fitness, Dollar Tree, PNC Financial Services, UPS and Dollar General. Triple Bar Properties Inc. …

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Liberty-Square-Wauconda-Ill
Grocery-anchoredIllinoisInvestment salesNews

AmCap, Encore Acquire 107,431-Square-Foot Shopping Center in Chicago Suburb

by Hayden Spiess

Wauconda, Ill. — AmCap Inc., in a joint venture with Encore Enterprises, has acquired Liberty Square, a 107,431-square-foot retail center located in the Chicago suburb of Wauconda. Anchored by a 54,522-square-foot Jewel-Osco, the shopping center was 97 percent leased at the time of sale to tenants including UPS, Charter Fitness, KFC, Subway, Pet Supplies Plus and PNC Bank. This acquisition marks AmCap’s fifth grocery-anchored retail center in the Chicago area. Ben Wineman of Mid-America Real Estate Corp. brokered the transaction.

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