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 …
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.
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.
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.
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 …
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 …
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 …
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 …
Bakersfield, Calif. — Faris Lee Investments has arranged the sale of Ming Plaza, a retail center located on Ming Avenue in Bakersfield. A private family office sold the property to an undisclosed buyer for $26.5 million. Sean Cox, Alex Moore and Don MacLellan of Faris Lee Investments represented the seller and procured the buyer in the deal. Faris Lee also arranged financing for the buyer. At the time of sale, the 117,228-square-foot property was nearly 100 percent occupied and includes three outparcels leased to Starbucks Coffee, Chase Bank and Long …
West Hollywood, Calif. — Cushman & Wakefield has brokered the sale of a freestanding, single-tenant retail property located at 8833 Beverly Blvd. in West Hollywood. A joint venture between Acadia Realty Trust and Osiris Ventures acquired the property for $24 million. Luxury Living fully occupies the 9,757-square-foot building. Kazuko Morgan, Carine Mamann and Steve Algermissen of Cushman & Wakefield represented the seller in the transaction.