Torrance, Calif. — Anchor Point Capital has arranged the sale of Pacific Plaza, a multi-tenant retail center located at 2382, 2390 and 2396 Crenshaw Blvd. in Torrance, about 15 miles from Long Beach. A private family fund acquired the property from an undisclosed seller for $16.9 million. Woori Bank, Subway and The UPS Store are tenants at the 28,000-square-foot property. Eric Vu of Newport Beach-based Anchor Point Capital handled the transaction.
Clermont, Fla. — Continental Realty Corp. has sold Glenbrook Commons, a 64,707-square-foot shopping center in Clermont, about 34 miles from Orlando. Brad Peterson, Whitaker Leonhardt and Tommy Isola of JLL represented the seller in the transaction. CrossMarc Services acquired the property for $9.4 million. Originally constructed in 2009, Glenbrook Commons was 98.4 percent leased at the time of sale. Fitness CF anchors the center, which is also home to US Taekwondo, China Gourmet, Gametime Barber Shop, The Cat Garden, Clermont Family Dentistry and Suncoast Premier Medical. There were three additional …
Midlothian, Va. — Cushman & Wakefield | Thalhimer has arranged the sale of 11251 Hull Street Road, a 6,400-square-foot freestanding retail building in Midlothian, about 15 miles from downtown Richmond. James Ashby IV of Cushman & Wakefield | Thalhimer represented the buyer, MB Ventures LLC. An entity doing business as KLS Hilltop LLC sold the property for $2.1 million. The property is fully leased by Safelite AutoGlass, a Columbus, Ohio-based provider of vehicle glass repair, replacement and calibration services.
Addison, Texas — AMLI Residential and Stream Realty Partners have been named master developers for a $472 million, 18-acre, mixed-use development in Addison, roughly 15 miles north of Dallas. The Town of Addison has been acquiring land for the project since the inception of the DART Light Rail system in 1983 with plans for a transit-oriented development. The project is centered on a DART Silver Line station currently under construction near Addison Circle Park, a 10-acre, master-planned public park. DART has partnered with the Town of Addison through a ground-lease …
Bolingbrook, Ill. — M&J Wilkow and Bixby Bridge Capital have acquired The Promenade Bolingbrook in Bolingbrook, about 33 miles from Chicago. The open-air lifestyle center spans 779,000 square feet. Some of the tenants include Macy’s, Bass Pro Shops, Binny’s Beverage Depot, Ulta Beauty and DSW. The shopping center opened in 2007.
Portsmouth, N.H. — RPT Realty has acquired The Crossings, a 510,000-square-foot retail power center located near the Massachusetts-New Hampshire border in Portsmouth, for $104 million. The open-air center was 95 percent leased at the time of sale, with grocers Trader Joe’s and Aldi anchoring the property. Other major tenants include Dick’s Sporting Goods, Best Buy, Kohl’s, Five Below, Ulta Beauty, Chipotle Mexican Grill and McDonald’s.
Allen, Texas — JLL Capital Markets has arranged the sale of Watters Creek at Montgomery Farm, a 458,091-square-foot mixed-use property in Allen, about 26 miles from Dallas. Chris Gerard, Ryan Shore, Greyson Fewin and Pauli Kerr of JLL represented the seller, a partnership between PCCP LLC and Trademark Property Co. John Brownlee, Clint Coe, Jack Rohrman and Chad Lisbeth of JLL secured acquisition financing on behalf of the buyer, a partnership comprising Charter Holdings and DuWest Realty. The floating-rate, non-recourse loan was secured through Washington Federal Bank and Texas Capital …
Milford, Conn. — Colliers has brokered the sale of Liberty Rock Shopping Center, a 175,000-square-foot shopping center in Milford, located in the southern central part of the state. Tenants at Liberty Rock Shopping Center include Ocean State Job Lot, Dollar Tree, Walgreens and Taco Bell. John Cafasso and Ian Hunt of Colliers represented the seller and procured the buyer, a locally based development and investment firm, in the transaction. Both parties requested anonymity.
Orlando, Fla. — Marcus & Millichap has brokered the $22 million sale of Hoffner Commerce Center, a 93,749-square-foot retail property in Orlando. Located at 5449 S. Semoran Blvd., the 53-suite building was 93 percent occupied at the time of sale by tenants including Herbalife, Labcorp and State Farm Auto Insurance. Salim Valiani and Andrew Jaworski of Marcus & Millichap represented the seller, Hoffner Center LLC, and procured the buyer, Arturo Borges of Avanti Way Capital, in the transaction.
Battle Creek, Mich. — NAI Wisinski of West Michigan has arranged the sale of Minges Creek Plaza in Battle Creek. The 72,000-square-foot shopping center was fully leased at the time of sale to tenants such as Jo-Ann, Biggby Coffee, Xfinity, Supercuts, Tropical Smoothie Café, The UPS Store and LA Insurance. Jodi Milks of NAI Wisinski represented the seller, which purchased the center in 2013 following a foreclosure and made property improvements. NAI Wisinski will handle property management and leasing for the new owner.
