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Broward Plaza
FloridaInvestment salesNews

Tiktin Real Estate Arranges $12.8 Million Sale of Broward Plaza in Davie, Florida

by Julia Sanders

Davie, Fla. — Tiktin Real Estate Investment Services (TREIS) has arranged the $12.8 million sale of Broward Plaza, a 74,300-square-foot retail center located at 4803-4963 S. State Rd. 7 in Davie. An outparcel with a Miami Grill location was included as part of the sale. Broward Plaza, anchored by BrandsMartUSA, Dollar General and Big Chef, has a total of 17 tenants. El-Ad Broward Plaza LLC, an entity of El-Ad National Properties, acquired the 8.2-acre property from Saber Griffin Two LLC. Adam J. Tiktin of TREIS, represented both the buyer and …

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ConnecticutInvestment salesNews

O,R&L Commercial Brokers Sale of 62,722-Square-Foot Retail Center in West Haven, Connecticut

by Julia Sanders

West Haven, Conn. — O,R&L Commercial LLC has brokered the sale of Savin Rock Plaza, a 62,722-square-foot retail center in West Haven. The sales price was $3 million. Phil Marshall of O,R&L represented the buyer, DeLaurentis Management Corp., which plans to implement a capital improvement program, in the transaction. The seller was not disclosed.  

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7 Eleven
FloridaInvestment salesNews

Quantum Real Estate Advisors Brokers $6.1 Million Sale of 7-Eleven in Naples, Florida

by Julia Sanders

Naples, Fla. — Quantum Real Estate Advisors Inc. has brokered the $6.1 million sale of a single-tenant, 7-Eleven location at 4704 Golden Gate Parkway in Naples. At the time of sale, there were approximately 14 years remaining on the 15-year 7-Eleven lease. The seller was a Midwest-based real estate investor and developer, while the buyer was a California-based 1031 exchange investor. Dan Waszak and Zack Hilgendorf of Chicago-based Quantum Real Estate Advisors Inc. represented the seller.

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Sawyers Walk
DevelopmentFloridaNews

Swerdlow Group Breaks Ground on $300 Million Sawyer’s Walk Mixed-Use Development in Miami

by Julia Sanders

Miami — Swerdlow Group has broken ground on Sawyer’s Walk, a 1.4 million-square-foot mixed-use development in Miami’s Overtown neighborhood that will include 250,000 square feet of retail space below 578 apartments designated for low-income seniors. Swerdlow Group is collaborating with the Southeast Overtown/Park West Community Redevelopment Agency (CRA) on the $300 million project. Swerdlow Group and its partners, Delray Beach, Florida-based SJM Partners and Miami-based Alben Duffie, acquired the 3.4-acre property at 249 NW 6th St. from the Community Redevelopment Agency for $10 million. Construction is scheduled for completion in …

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Manvel Town Center
DevelopmentNewsTexas

Weitzman Breaks Ground on Phase I of 273-Acre Mixed-Use Project in Suburban Houston

by Julia Sanders

Manvel, Texas — Weitzman has broken ground on Phase I of Manvel Town Center, a 273-acre mixed-use project that will be located at the intersection of State Highways 288 and 6 in Manvel, a southern suburb of Houston. The centerpiece of the initial phase of construction is a 100,000-square-foot H-E-B grocery store that will include a fuel station and a car wash. The store is expected to open late next summer. All told, the development will consist of more than 1 million square feet of retail, entertainment, hospitality, medical and …

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Berkert's Park
DevelopmentNewsWashington DC

Foulger-Pratt Opens Beckert’s Park Mixed-Use Project in D.C.’s Capitol Hill District

by Julia Sanders

Washington, D.C. — Developer Foulger-Pratt has opened Beckert’s Park, a 2.8-acre mixed-use project featuring 325 apartments and a new 60,000-square-foot Safeway grocery store, in the Capitol Hill neighborhood of Washington, D.C. Located at the corner of 14th Street and D Street SE, the development has replaced a parking lot and existing Safeway store that stood on the site for nearly 50 years. Foulger-Pratt worked with architecture firm BKV Group to create a design for the Beckert’s Park project. The building is a single structure that includes residential units, the upgraded …

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KentuckyLeasingNews

NAI Isaac Arranges Leases for Marshalls, Five Below in Glasgow, Kentucky

by Julia Sanders

Glasgow, Ky. — NAI Isaac has arranged leases for Marshalls and Five Below at Barren River Plaza shopping center in Glasgow. Paul Ray Smith and Jim Kemper of NAI Isaac assisted the landlord, Barren River Project LLC, in the lease transactions. Kevin Schrieiber and Kevin Mayhugh with The Shopping Center Group represented Marshalls. Michael Anderson with CBRE and Tereasa Edwards with Cushman & Wakefield represented Five Below. Both stores are scheduled to open in spring 2022. Barren River Plaza is a 350,000-square-foot shopping center anchored by Ruler Foods by Kroger, …

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Camp Hill
Investment salesNewsPennsylvania

Institutional Property Advisors Arranges $90 Million Sale of Camp Hill Shopping Center Near Harrisburg, Pennsylvania

by Julia Sanders

Camp Hill, Pa. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $90 million sale of Camp Hill Shopping Center. The property is located at 3301 Trindle Road in the borough of Camp Hill, roughly three miles outside Harrisburg. The 430,198-square-foot center was 96 percent leased at the time of sale to tenants including Giant Food Markets, Boscov’s Department Store, Staples, Five Below, Barnes & Noble and LA Fitness. Brad Nathanson of IPA represented the seller, Cedar Realty Trust (NYSE: CDR), and identified the buyer, …

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Centennial Plaza
ConnecticutInvestment salesNews

DealPoint Merrill Acquires 158,000-Square-Foot Retail Power Center in Meriden, Connecticut

by Julia Sanders

Meriden, Conn. — DealPoint Merrill has acquired Centennial Plaza, a 158,000-square-foot retail power center in Meriden, located in the southern-central part of the state. The seller was not disclosed. Joe French and Kodi Traver of Marcus & Millichap brokered the deal in conjunction with David Frank of DealPoint Merrill. The new ownership plans to upgrade the 11-acre property with a $5.2 million renovation.

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16000 Pines Market
FinanceFloridaNews

Thorofare Capital Provides $43.7 Million Financing for 16000 Pines Market Retail Development in South Florida

by Julia Sanders

Pembroke Pines, Fla. — Thorofare Capital Inc. has provided $43.7 million in senior mortgage financing to an entity managed by Miami-based Terra for 16000 Pines Market, a 135,000-square-foot mixed-use development nearing completion in Pembroke Pines. Keith Kurland, Jackson Sastri and Ian Hawk of Walker & Dunlop arranged the financing. Terra will utilize the loan proceeds to finish construction, capitalize tenant improvements/leasing commissions and carry the project until it’s stabilized. The first phase of construction for 16000 Pines Market was completed earlier this year, with construction of Phase II now underway …

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