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Plaza Sante Fe
Investment salesNew MexicoNews

Benderson Development Buys 450,000-Square-Foot Power Center Ground Lease in Santa Fe, New Mexico

by Julia Sanders

Santa Fe, N.M. — Benderson Development has acquired two tracts of land ground-leased to Plaza Santa Fe, a 450,000-square-foot power center in Santa Fe. Truzaf LP sold the asset for an undisclosed price. The leases commenced in two phases, one in 1998 with the region’s only Target store and a newly refurbished Albertsons Market Street, and the second in 2000 with the opening of TJ Maxx, Ross Dress for Less, Best Buy, Michaels and PetSmart. Located at the intersections of Cerrillos Road, Zafarano Drive and Rodeo Road, the retail center …

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Alpine Summit
Investment salesMichiganNews

NAI Wisinski Negotiates Sale of 136,942-Square-Foot Shopping Center in Grand Rapids

by Julia Sanders

Grand Rapids, Mich. — NAI Wisinski of West Michigan has negotiated the sale of Alpine Summit Shopping Center in Grand Rapids for an undisclosed price. The 136,942-square-foot shopping center is located at 3165 Alpine Ave. The center is fully occupied by Ulta Beauty, HomeGoods, Marshalls, Petco, Party City, CATO, Sola Salons, America’s Bride and ABC Warehouse. Bob Lotzar and Bill Tyson of NAI Wisinski represented the undisclosed buyer in the transaction. NAI Wisinski also serves as the property manager.

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Rivertown Market
DevelopmentMichiganNews

Meijer to Open Rivertown Market in Detroit’s East Jefferson Corridor on Oct. 6

by Julia Sanders

Detroit — Meijer is scheduled to open its new Rivertown Market in Detroit’s East Jefferson Corridor on Wednesday, Oct. 6. This will be the fourth neighborhood market opened by Meijer and the second in metro Detroit. The small-format grocery concept is focused on bringing a mix of local, fresh food and value to customers in the area. The 42,000-square-foot store will include an assortment of fresh and prepared foods, including bakery items, fresh meat and deli offerings. The Rivertown Market will include a Great Lakes Coffee shop.

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CVS
FloridaInvestment salesNews

Marcus & Millichap Arranges $16 Million Sale of CVS/pharmacy in Miami

by Julia Sanders

Miami, Fla. — Marcus & Millichap has arranged the $16 million sale of a freestanding CVS/pharmacy located at 10660 SW 40th St. in Miami. The 14,989-square-foot building is situated on a 2.4-acre parcel of land, a portion of which is subleased to Wendy’s. Ronnie Issenberg, Gabriel Briti, Ricardo Esteves and Kevin O’Hanlon of Marcus & Millichap represented the seller, a group of local Miami Investors, in the transaction. The buyer was not disclosed.

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Eastwood Village
AlabamaInvestment salesNews

Matthews Brokers $6.8 Million Sale of Walmart-Anchored Shopping Center in Birmingham

by Julia Sanders

Birmingham, Ala. — Matthews Real Estate Investment Services has brokered the sale of Eastwood Village East, a Walmart Supercenter-anchored shopping center located in Birmingham. Tripp Brown and Johnny Blue Craig of Matthews represented the seller, MAP Development, in the transaction. The buyer was a private investor based in Nashville, Tennessee.

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7-Eleven
CaliforniaInvestment salesNews

Triss Sells Retail Strip Center in Long Beach, California for $4.4 Million

by Julia Sanders

Long Beach, Calif. — Triss LLC has completed the disposition of a retail strip center located on the corner of East Pacific Coast Highway and Martin Luther King Jr. Avenue in Long Beach. A family trust acquired the property for $4.4 million. 7-Eleven anchors the 25,148-square-foot center. Tina LaMonica and Cheryl Pester of NAI Capital Commercial’s Investment Services represented the seller in the deal.

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Short Pump Station
Investment salesNewsVirginia

Cushman & Wakefield Arranges $46.8 Million Sale of Trader Joe’s-Anchored Shopping Center in Richmond

by Julia Sanders

Richmond, Va. — Cushman & Wakefield has arranged the sale of Short Pump Station, a 91,369-square-foot, grocery-anchored shopping center in Richmond. Wafra Inc. purchased the property for $46.8 million. Located at 11800 West Broad St., Short Pump Station is situated about 15.4 miles from downtown Richmond and is close to Route 288 and Interstates 64 and 295. Trader Joe’s, Ulta Beauty and Petco anchor the center, which was 91 percent leased at the time of sale. John Owendoff of Cushman & Wakefield represented the sellers, a joint venture between BayNorth …

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Uptown Square
GeorgiaInvestment salesNews

Ackerman & Co. Purchases 71,839-Square-Foot Uptown Square in Metro Atlanta

by Julia Sanders

Fayetteville, Ga. — Ackerman & Co. has purchased Uptown Square, a 71,839-square-foot neighborhood retail center located roughly 22 miles south of downtown Atlanta in Fayetteville, for $8.4 million. Uptown Square was fully leased at the time of sale by tenants including Goodwill, Harbor Freight Tools, T-Mobile and The UPS Store. Ackerman & Co. was self-represented in the purchase. Craig Taylor of CBRE represented the seller, SunCap Real Estate Investments.

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KentuckyLeasingNews

Publix Enters Kentucky With 55,702-Square-Foot Lease at Terra Crossing Development in Louisville

by Julia Sanders

Louisville, Ky. — Publix Super Markets Inc. has signed a 55,702-square-foot lease at the Terra Crossing development located at the northwest corner of Terra Crossing Boulevard and Old Henry Road in Louisville. This location will be Publix’s first store in Kentucky. With the new Louisville location, Publix has over 1,280 stores in eight states across the Southeast and Mid-Atlantic. The Terra Crossing shopping center will soon be under construction. The 10-acre retail project will include the Publix and an additional 4,800 square feet of in-line retail space, as well as …

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IllinoisLeasingNews

Golf Simulation Facility to Open at Oak Brook Promenade in Suburban Chicago

by Julia Sanders

Oak Brook, Ill. — Game of Irons, a golf simulation facility, has leased 18,361 square feet at Oak Brook Promenade in Oak Brook, a western suburb of Chicago. Featuring 16 bays, Game of Irons will be the largest golf simulation facility in the Midwest when it opens in November. One to six players can play in each bay and enjoy full food and beverage service. Chris Irwin of Colliers International represented Game of Irons in its lease. Brendan Reedy and Jimmy Danahe of CBRE represented the landlord, Retail Properties of …

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