Jacksonville, Fla. — CBRE has arranged the sale of St. Johns Commons, a 71,352-square-foot, Winn-Dixie-anchored shopping center in Jacksonville. Dennis Carson and Casey Rosen of CBRE represented the seller, an affiliate of Phillips Edison & Co., in the transaction. An affiliate of Ash Properties purchased the fully leased center for an undisclosed price.
Atlanta — Puttshack is set to open at High Street, a $2 billion, 36-acre mixed-use development located on the northside of Atlanta. GID Development Group is developing High Street and inked the lease with Puttshack — the first anchor tenant to be announced for the project. The entertainment venue will occupy more than 26,000 square feet of space, featuring four tech-driven mini golf courses, which offer a dining menu and full cocktail bar. The first phase of High Street will break ground this year and is slated to open by …
Sandersville, Ga. — Avison Young has brokered the $4.2 million sale of a 12,089-square-foot, retail property occupied by CVS/pharmacy at 206 S. Harris St. in Sandersville. Chris Maling and David Maling of Avison Young represented the buyer, 710 E. Katella. Cushman & Wakefield represented the seller, a private equity group from New York. Built in 2006, the single-tenant property is situated on just over 1.6 acres of land. CVS/pharmacy has occupied the space since 2006 and has 19 years remaining on its triple net lease.
Kirkland, Wash. — Gantry has arranged a $190 million loan to recapitalize the Carillon Point mixed-use campus in Kirkland. Mike Taylor and Patrick Taylor of Gantry’s Seattle office secured the 15-year loan, which was placed with Principal Real Estate Investors. The name of the borrower was not released. Fronting Lake Washington, the 26-acre property features a mix of Class A office space, a boutique hotel, retail space and a 200-slip marina. Carillon Point totals six buildings and offers 440,000 square feet of mixed-use space, including the 100-room hotel.
San Antonio — Cushman & Wakefield has arranged the sale of Alamo Ranch, a 464,722-square-foot retail center in San Antonio. The property’s tenants include Best Buy, Dick’s Sporting Goods, Ross Dress for Less, Marshalls, Michaels, Ulta Beauty, PetSmart and OfficeMax. In addition, the center is shadow anchored by Super Target, Lowe’s Home Improvement and J.C. Penney. Margaret Jones, Lane Breedlove, Chris Harden and Kris Von Hohn of Cushman & Wakefield brokered the deal on behalf of the undisclosed seller. Big V Property Group acquired Alamo Ranch for an undisclosed price.
Miramar, Fla. — RK Centers has acquired Park View Square, a 70,000-square-foot shopping center located roughly 22 miles outside Miami in Miramar, for $15.7 million. Dennis Carson of CBRE represented the seller, Philips Edison & Co., and the buyer in the transaction. The property is anchored by Winn-Dixie and will be renamed as RK Park View Square following the acquisition.
Lake Mary, Fla. — Avanti Way Capital has acquired Shoppes at Lake Mary, a 37,685-square-foot shopping center located in Lake Mary, from Galium Capital for $8.4 million. Dan Gorczycki and Peter Stobierski of TrueRate Services secured a $5.4 million acquisition loan on behalf of the buyer through Morgan Stanley. The center was 94 percent leased at the time of sale to tenants including Lake Mary Dry Cleaners, Debs Kitchen, Lighthouse Seafood, Morganic Meats and Foxcase LLC. The property has 175 parking spaces.
Boynton Beach, Fla. — CBRE has arranged the $8.2 million sale of Marathon Plaza, a 42,298-square-foot unanchored retail center located in Boynton Beach. Tenants including Panera Bread, Visionworks and Plato’s Closet occupied the center at the time of sale. David Donnellan and Patricia Friend of CBRE represented the seller, GOA Properties, in the disposition of the center to Shoppes at Boynton LLC, an entity affiliated with South Florida-based private investor Michael Janoura.
New York City — Foot Locker Inc. (NYSE: FL) has acquired Eurostar Inc., the operator of WSS stores primarily located on the West Coast, for $750 million. WSS will maintain its name, operating as a new brand within Foot Locker’s portfolio. The New York City-based company has also appointed Anthony Aversa to the role of chief operating officer at WSS in conjunction with the acquisition. Aversa will oversee the brand’s market planning, real estate and customer experience functions. Evercore served as financial advisor to Foot Locker and Skadden, Arps, Slate, …
Atwater, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Atwater Marketplace, a fully-occupied, 96,224-square-foot shopping center anchored by Save Mart Supermarkets and CVS/pharmacy in Atwater. Kevin Fryman and Eric Wohl of Hanley Investment Group represented the seller, Phillips Edison & Co. Inc. The buyer was a private investor based in Los Angeles and was represented by Brett Visintainer of Visintainer Group. Additional tenants at Atwater Marketplace include Ace Cash Express, Baskin Robbins, Chase, Chinese Kitchen, Freeway Insurance, GameStop, Great Clips, Merco Credit Union, Rabobank, RE/MAX, …
