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South 108th Street
Investment salesNewsWisconsin

Colliers Brokers $4.3 Million Sale of Retail Center in Metro Milwaukee

by Julia Sanders

West Allis, Wis. — Colliers has brokered the $4.3 million sale of a 14,079-square-foot retail center in West Allis, about 6 miles from Milwaukee. The recently built property sits at the corner of South 108th Street and West Oklahoma Avenue. Some of the tenants at the fully leased center include HuHot, Tropical Smoothie Café, Elements Massage and AT&T. Adam Connor, Josh Minkin and Heather Dorfler of Colliers represented the seller, a Milwaukee-based private developer, in the transaction. The private buyer is also based in Wisconsin.

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Tire Choice Center
FloridaInvestment salesNews

CBRE Arranges $3.2 Million Sale of Retail Property in Metro Tampa

by Julia Sanders

Valrico, Fla. — CBRE has arranged the $3.2 million sale of a 12,496-square-foot multi-tenant property anchored by a Tire Choice Total Car Care Center in Valrico, about 16 miles from Tampa, to a private investor. Mark Shellabarger and Ari Ravi of CBRE Capital Markets represented the seller, a local private investor. Michael Kaplan from Weitzman represented the buyer. Located at 3519 Bell Shoals Road, the property was fully leased to three tenants at the time of sale.

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GeorgiaInvestment salesNews

Stan Johnson Co. Brokers $3.1 Million Sale of Strip Center in North Georgia

by Julia Sanders

Cornelia, Ga. — Stan Johnson Co. has brokered the sale of a multi-tenant retail strip center located at 216 Carpenters Cove Lane in Cornelia. The 6,668-square-foot center is leased to Starbucks Coffee, Cricket Wireless and Jersey Mike’s Subs. Billy Benedict of Stan Johnson Co. represented the seller, a Florida-based investor group. Newburger-Andes acquired the property for $3.1 million. Built in 2019 on a 1.3-acre parcel, the center has direct frontage to U.S. Highway 441 South. At the time of sale, there was one available suite totaling 1,750 square feet that …

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Hammond
IndianaInvestment salesNews

Marcus & Millichap Brokers $8 Million Sale of Retail Center in Metro Chicago

by Julia Sanders

Hammond, Ind. — Marcus & Millichap has brokered the $8 million sale of a 55,010-square-foot retail center in Hammond, about 25 miles south of Chicago. Dollar Tree and Ross Dress for Less anchor the property, which was constructed in 2016 and is located at 1105 5th Ave. Additional tenants at the fully leased center include Rainbow and Sadoni Beauty Supply. Nicholas Kanich and Mitchell Kiven of Marcus & Millichap represented the seller, Luke Brands. Friedman Real Estate represented the buyer, Canyon Park Capital.

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LeasingNew YorkNews

Bed Bath & Beyond Renews 42,000-Square-Foot Retail Lease in Metro New York City

by Julia Sanders

Bohemia, N.Y. — Bed Bath & Beyond has renewed its 42,000-square-foot lease at Sayville Plaza, a shopping center located in Bohemia, about 60 miles from New York City. Other tenants at Sayville Plaza include Northwell Health, Old Navy, Panera Bread, Jennifer Furniture, The Vitamin Shoppe, Chipotle Mexican Grill and Sprint. Robert Delavale of Breslin Realty represented the landlord in the lease negotiations.

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Joann
IllinoisInvestment salesNews

Boulder Group Negotiates $4.1 Million Sale of Net-Leased Retail Property in Metro Chicago

by Julia Sanders

Bloomington, Ill. — The Boulder Group has negotiated the sale of a single-tenant, net-leased retail property occupied by JOANN Fabrics in Bloomington, about 27 miles from Chicago. Located at 1701 E. Empire St., the 21,828-square-foot building was sold for $4.1 million. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based real estate firm, as well as the buyer, a national real estate company.

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Investment salesNewsNorth Carolina

Cooper Commercial Arranges $2.4 Million Sale of The Shops of Mount Olive in Eastern North Carolina

by Julia Sanders

Mount Olive, N.C. — The Cooper Commercial Investment Group has arranged the sale of The Shops of Mount Olive, a 9,267-square-foot shopping center in Mount Olive. Bob Havasi and Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investor based on the East Coast. The private California buyer purchased the property for $2.4 million. Built in 2008, the center is anchored by El Mazaltlan Mexican Restaurant and is shadow-anchored by Walmart Supercenter. Other tenants at the center include Fantastic Sams, Cricket Wireless, Papa John’s and Diener Law …

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Dick's
LeasingMinnesotaNews

Dick’s Sporting Goods Opens House of Sport Experiential Concept Store in Metro Minneapolis

by Julia Sanders

Minnetonka, Minn. — Dick’s Sporting Goods plans to open a new store this May in Minnetonka, about 14 miles from Minneapolis. The retailer also plans to hire more than 200 associates at its new store, which will be located at 12437 Wayzata Blvd. The House of Sport Experiential Concept store will feature a 35-foot rock climbing wall, batting cage for baseball and softball, golf hitting bays, putting green, hock shop, health and wellness destination and a service area dedicated to sharpening hockey skates, breaking in gloves, stringing lacrosse sticks and …

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FloridaLeasingNews

Women’s Fashion Boutique Retailer to Open Store on April 2 in Gainesville, Florida

by Julia Sanders

Gainesville, Fla. — Allie Allure, a women’s fashion boutique, will open on April 2 in Gainesville. The 2,000-square-foot location will be the first brick-and-mortar location for the retailer. Allie Allure’s new store will offer dresses, skirts, tops, pants, and accessories for high school, college and business professionals. Located at 3204 SW 35th Blvd., the property will be situated next to a JOANN Fabric and Craft Store and Publix within Butler Plaza, a shopping center with over 150 stores and 2 million square feet of retail and restaurant space owned by …

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Poplin Place
Investment salesNewsNorth Carolina

Irgang Group Acquires 196,000-Square-Foot Shopping Center in Metro Charlotte

by Julia Sanders

Monroe, N.C. — Irgang Group has acquired Poplin Place, a 196,462-square-foot regional shopping center in Monroe, about 21 miles from Charlotte. Ben Bruner of the Bruner Group represented Irgang Group on the transaction. Thomas Kolarczyk, Danny Finkle and Eric Williams of JLL Capital Markets represented the seller, Big V Property Group. Built in 2005, Poplin Place is fully occupied by an anchor tenant lineup that includes T.J. Maxx, Ross Dress for Less, PetSmart, Burlington, Big Lots and pOpshelf, along with a Target shadow anchor. Poplin Place also features tenants including …

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