Hartford, Wis. — Blue West Capital has negotiated the $2.9 million sale of Hartford Shops in Hartford, about 37 miles northwest of downtown Milwaukee. The 12,530-square-foot retail center is fully leased and is shadow anchored by Aldi. Tenants at the time of sale included Dunkin’, H&R Block, Shopko Optical and Papa Murphy’s. Carly Kelly and Shawn Dickmann of Blue West Capital represented the seller, a Dallas-based private real estate company. The duo also procured the buyer, a Colorado-based private investor.
Forks Township, Pa. — Crayola has entered into an agreement with BrightColors LLC to open at least five new Crayola Experience venues, doubling Crayola’s presence in the U.S. The company’s portfolio currently includes five locations in Easton, Pennsylvania; Orlando, Florida; Bloomington, Minnesota; Plano, Texas; and Chandler, Arizona. Last November, Crayola began actively seeking partners to extend its footprint domestically and internationally. The Forks Township, Pennsylvania-based company’s first multi-venue licensing agreement will be with BrightColors, which is working with partner Kingsmen Xperience Inc. to open the new locations over the next …
Seattle — Starbucks Coffee (NASDAQ: SBUX) has announced plans to open 2,000 stores by 2025 and invest $450 million in its North American real estate, which will include the modernization of existing locations across the U.S. The announcement took place during the company’s 2022 Investor Day conference in Starbucks’ home town of Seattle. The company’s reinvention plan includes the implementation of a store design that streamlines work behind the counter, enabling better connection with the customer. Starbucks also plans to reorganize its real estate portfolio to include a greater number of pick-up …
Concord, N.C. — Stan Johnson Co. has arranged the $15.2 million sale of Concord Station, a 45,569-square-foot retail center located approximately 15 miles northeast of Charlotte in Concord. Billy Benedict of Stan Johnson Co. represented the South Carolina-based private buyer in the acquisition of the property from a Florida-based developer. Concord Station was leased to nine tenants at the time of sale, including McAlister’s Deli, Guitar Center, The UPS Store and Big Blue Swim School.
Muncie, Ind. — JLL Capital Markets has arranged the $14.6 million sale of a 77,871-square-foot retail center, Muncie Marketplace. The center is located in Muncie, Indiana, roughly 57 miles northeast of Indianapolis and three miles from Ball State University. Amy Sands, Clinton Mitchell, Michael Nieder and Tim Murray of JLL arranged the disposition on behalf of the seller, AlbaneseCormier Holdings LLC. Built in 2014, Muncie Marketplace was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Michaels, Five Below, McAlister’s Deli, Kay Jewelers and GameStop. War …
Crawfordville, Fla. — Cushman & Wakefield have arranged the sale of Crawfordville Commons, a 54,804-square-foot shopping center located in Crawfordville, Florida, roughly 18 miles southwest of Tallahassee. Lane Breedlove, Margaret Jones, Adam Feinstein, Mitchell Halpern, and Mark Gilbert of Cushman & Wakefield represented the seller, Hand Properties. A joint venture of private buyers purchased the property, which was occupied by tenants including Publix at the time of sale.
Little Rock, Ark. — Inland Private Capital Corp. (IPC) has sold Chenal Commons Shopping Center in Little Rock for $14.6 million. The 70,147-square-foot property is comprised of two buildings, which were fully leased at the time of sale to tenants including Petco, Shoe Carnival, Old Navy, Ulta Beauty, David’s Bridal, Great Clips, Kirkland’s Home and Elegant Nails and Spa. IPC sold the property on behalf of Chenal Commons DST, a 1031 investment program.
Roswell, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $10.3 million sale of Mansell Oaks, a 43,190-square-foot shopping center in the north Atlanta suburb of Roswell. Zach Taylor of IPA represented the seller, an entity doing business as PLC Mansell LLC, in the transaction. Peachtree Industrial Partners LLLP is the buyer. Mansell Oaks’ tenant roster includes LongHorn Steakhouse, Bird Watcher Supply and Animal Emergency Center of North Fulton.
Bartlesville, Okla. — Stan Johnson Co. has brokered the sale of Silver Lake Village, an 87,750-square-foot shopping center in Bartlesville, roughly 45 miles north of Tulsa. Margaret Caldwell and Patrick Kelley of Stan Johnson represented the seller, GBT Realty Corp., which sold the center to an undisclosed buyer for $15.3 Million. The property was fully leased at the time of sale to tenants including T.J. Maxx, Ross Dress for Less, Petco, Ulta Beauty, Maurices, Kay Jewelers and Verizon. The center is shadow anchored by Lowe’s.
Appleton, Wis. — Colliers Wisconsin has brokered the $12.9 million sale of a 70,414-square-foot shopping center in Appleton. The fully leased property is situated adjacent to Fox River Mall near Highway 41. Tenants at the time of sale included JOANN Fabric and Craft, Dollar Tree, Kirkland’s and Chili’s Grill & Bar. Adam Connor, Mark Pucci and Heather Dorfler of Colliers represented the seller, an Appleton-based investor group. Prairie Hill Holdings, a Chicago-based private real estate investment firm, was the buyer.