Cary, N.C. — CBRE has arranged the sale of Amberly Place, a 77,675-square-foot Publix-anchored shopping center located at 10225 Green Level Church Road in Cary. Dennis Carson, Casey Rosen and Mike Burkard of CBRE represented the seller, The Sembler Co. KPR Centers purchased the property for an undisclosed amount.
Everett, Wash. — Marcus & Millichap has arranged the sale of a retail center located at 811 S.E. Everett Mall Way, roughly 25 miles north of Seattle in Everett. A limited liability company sold the center to an undisclosed buyer for $5.8 million. Trader Joe’s, Dollar Tree, T-Mobile and Olympic Hot Tub occupy the 24,800-square-foot retail property. Trader Joe’s has been at this location for more than 25 years and recently extended its lease. Clayton Brown and Ruthanne Romero of Brown Retail Group of Marcus & Millichap represented the seller …
Montgomery, Ala. — SRS Real Estate Partners’ National Net Lease Group has arranged the $4.7 million sale of a 43,441-square-foot, single-tenant retail property occupied by Conn’s HomePlus in Montgomery. Conn’s Inc. has eight years left on its lease. Located at 2424 Eastern Blvd., the store was built in 1997 and renovated in 2019. The property is situated on 5.3 acres within the Promenade Montgomery and Promenade Montgomery North community centers, which feature more than 270,000 square feet of retail space. Retailers at these centers include The Home Depot, Harbor Freight …
Fairfax, Va. — Finmarc Management Inc. has sold a 76,000-square-foot, Giant Food-leased retail building in Fairfax to Signet Springfield for $39.8 million. The property is situated within Springfield Plaza, a shopping center with retail tenants such as AT&T, Chipotle Mexican Grill, David’s Bridal, CVS/pharmacy and Little Caesars Pizza. Last year, Giant Food relocated to its current building under a long-term lease. The new store features a full-service Starbucks Coffee shop with seating, as well as a PNC Bank branch. Ryan Sciullo, Chris Bosworth and Bill Kent of CBRE represented Finmarc …
Fort Lauderdale and Hialeah Gardens, Fla. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of two Wawa convenience store and gas stations located in South Florida. Dispositions include a 6,119-square-foot Wawa currently under construction at 7878 N.W. 103rd St. in Hialeah Gardens; and a newly built, 5,991-square-foot Wawa located at 6191 N. Powerline Road in Fort Lauderdale. Ferber Co. sold the Hialeah Gardens property for $11.6 million to Hialeah WW LLC. Brightwork Real Estate sold the Fort Lauderdale Wawa for $10.8 million to Powerline Wawa …
Fairfield, Conn. — Axiom Capital Corp. has arranged an $11 million CMBS loan for the redevelopment of a retail property in Fairfield. Kohl’s formerly occupied the asset, which is being converted into a multi-tenant property that will house retailers including Aldi and Floor & Décor. The nonrecourse, fixed-rate loan was structured with a 10-year term and 10 years of interest-only payments. The borrower was an undisclosed private developer.
Menasha, Wis. — Matthews Real Estate Investment Services has brokered the $5.1 million sale of a two-tenant retail property in Menasha, just south of Appleton. Located at 1151 E. Midway Road, the property is home to Piggly Wiggly and Dollar Tree. Edward DeSimone, Josh Bishop and Maxx Bauman of Matthews brokered the 1031 tax-deferred exchange transaction. The undisclosed buyer exchanged out of a four-property Dollar General portfolio.
Great Neck, N.Y. — Namdar Realty Group has sold a portfolio of 10 net-leased retail properties located across five states. Five of the properties are located in California. Two assets are in Oregon, and each of the remaining three properties are split between Illinois, Maine and Connecticut. The portfolio spans more than 100,000 square feet and was approximately 95 percent leased at the time of sale to tenants such as Buffalo Wild Wings, Best Buy, Cost Plus World Market, State Farm, AT&T and Uno Pizzeria. Andrew Ebrani and Jonathan Abda …
Valrico, Fla. — CBRE has arranged the sale of Valrico Commons, a 138,887-square-foot shopping center in Valrico. Built in 1986 and redeveloped in 2011, Valrico Commons is 93 percent leased, and is anchored by Publix, Ross Dress for Less and Five Below. Casey Rosen and Dennis Carson of CBRE represented the seller, which includes affiliates of North American Development Group and Primerica Group One. An affiliate of Phillips Edison & Co. acquired the property for an undisclosed price.
Bohemia, N.Y. — RIPCO Real Estate has arranged the sale of the 236,000-square-foot Sayville Shopping Plaza in the Long Island hamlet of Bohemia. Tenants include Modell’s Sporting Goods, Bed Bath & Beyond, Chase Bank, Old Navy, The Vitamin Shoppe and Sprint. Jeremy Isaacs of RIPCO represented the seller, Arc Trust, in the transaction. The buyer was Transformco, an entity formed in 2019 to acquire and revamp the assets of Sears Holdings Co.
