Gilbert, Ariz. — Phoenix Commercial Advisors has negotiated the $10 million sale of Shops at Cooley Station, a 15,912-square-foot retail center located at 4049 E. Williams Field Road in Gilbert, roughly 20 miles outside Phoenix. The property was fully occupied at the time of sale by tenants including Pacific Dental, Wing Stop, F45, Little Caesars, Life Quest and My House. Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal.
New York City — Target is set to open a 90,000-square-foot store at Kings Plaza, an enclosed shopping mall owned by Macerich in the New York City borough of Brooklyn. J.C. Penney formerly occupied the three-level space. A timeline for opening was undisclosed. Tenants at Kings Plaza include Primark, Burlington, Zara, Macy’s, Michael Kors, Chipotle Mexican Grill, Megumi of Japan, Sbarro and Yong Kang Street.
Littleton, Colo. — Blue West Capital has arranged the sale of Mineral Shops, a neighborhood retail center located at 4760 W. Mineral Ave. in the Denver suburb of Littleton. Mineral Shops features 9,910 square feet of retail space and was 100 percent occupied at the time of sale. Tenants include Rita B Salon, Blush Nail Salon, King Liquor, Dunkin’ and Columbine Dentistry. Robert Edwards and Carly Kelly of Blue West Capital represented the buyer, a Texas-based private real estate investment company, and seller, a San Francisco-based private real estate investor, …
Fort Oglethorpe, Ga. — Stan Johnson Co. has arranged the sale of The Forts, a 5,013-square-foot, two-tenant retail center located in Fort Oglethorpe, about eight miles from Chattanooga. Ryan Roedersheimer of Stan Johnson Co. represented the seller, a Tennessee-based investor. An individual investor from Cumming, Georgia, acquired the property for $1.8 million. Built in 2018, the building is fully leased to America’s Best Contacts & Eyeglasses and Buff City Soap on long-term triple net leases.
San Juan Capistrano, Calif. — The Voyager Group, a brand strategy and creative marketing agency, is celebrating its 25th year of business. Voyager works with clients on a range of services including brand strategy; corporate identity; customer immersion; insight and programming; digital design and development; environmental design; production services; property launches; traditional advertising; and video production. The San Juan Capistrano, California-based agency also crafts brand narratives, signage, sales centers, leasing materials, media campaigns, immersive installations, social media presence and property launches on behalf of developers. The company has worked with …
Duarte, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $11.9 million sale of a 19,497-square-foot retail center located at 2315-2329 Huntington Drive in the Los Angeles County community of Duarte. Jeff Lefko and Bill Asher of Hanley Investment Group represented the buyer, a private investor in Monrovia, California, in the acquisition of the property from Lake Development. CVS/pharmacy anchors the center, which is fully occupied by tenants including Bank of America and Children 1st Pediatric Group.
Barnwell, S.C. — Cooper Commercial Investment Group has arranged $3.3 million sale of Dunbarton Plaza, a 24,000-square-foot retail center located in Barnwell. The fully occupied property is shadow-anchored by Walmart Supercenter and was home to tenants including Cato, AT&T, Shoe Show, Domino’s Pizza and Hibbett Sports at the time of sale. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, an East Coast private investor, in this transaction. A private South Carolina-based investment group purchased the property.
Fairlawn, Ohio — Marcus & Millichap has arranged the $7.8 million sale of a Walgreens-occupied property in Fairlawn, a northwest suburb of Akron. The 14,820-square-foot, net-leased building is located at 3009 W. Market St. Dustin Javitch, Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a private investor. Buyer information was not provided.
Naples, Fla. — RealSource Group has arranged the $5.6 million sale of a single-tenant property net-leased to 7-Eleven in North Naples. Austin Blodgett of RealSource, along with ParaSell Inc., represented the buyer, a private investor based in Los Angeles, California. John Beckman of Retail Site Experts represented the seller, Creighton Development, in the transaction. The 3,155-square-foot building is located on 0.8 acres at Green Tree Center and features a fuel station.
Pomona, Calif. — Progressive Real Estate Partners has brokered the $2.7 million sale of a Jack in the Box-occupied property located at 101 W. Foothill Blvd. in the Los Angeles County community of Pomona. A San Gabriel, California-based private investor acquired the asset from an undisclosed seller. Mike Lin of Progressive Real Estate Partners represented the buyer in the transaction. Jack in the Box has occupied the property, which features a drive-thru lane, for more than 30 years.
