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Three Properties in California
CaliforniaFaris Lee InvestmentsInvestment salesNews

Faris Lee Investments Arranges Three Sales Totaling $24.8 Million in California

by Julia Sanders

Cypress, Santa Ana and Chino Hills, Calif. — Faris Lee Investments has arranged three off-market acquisitions: Meridian Plaza, a multi-tenant retail center anchored by Dollar Tree in Cypress, a Starbucks in Santa Ana and a strip center in Chino Hills. Nick Miller and Shaun Riley of Faris Lee Investments represented a 1031 exchange Orange County-based family office buyer in all three transactions. Meridian Plaza, is a 28,500 square feet property fronting Katella Avenue. The property’s tenants including Starbucks, Dollar Tree, H&R Block and Wienerschnitzel. The buyer acquired the property for …

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Highside Market
DevelopmentGeorgiaNews

Cotton Cos. to Open 55,000-Square-Foot Highside Market in Columbus, Georgia

by Julia Sanders

Columbus, Ga. — The Cotton Cos. is bringing Highside Market, an urban infill and adaptive reuse mixed-use development, to Columbus. The first phase of the development is expected for completion in September, and Cotton Cos. plans to fully open the project by the third quarter of 2022. Located at the intersection of 13th Street and 2nd Avenue, Highside Market will feature four retail, dining, work and gathering spaces. The mixed-use development will also include full-service, dine-in and fast-casual restaurants; 20,000 square feet of retail space; 10,300 square feet of office …

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Pinecrest Town Center
FloridaInvestment salesNews

Joint Venture Acquires Pinecrest Town Center in Metro Miami for $32 Million

by Julia Sanders

Pinecrest, Fla. — A joint venture between Limestone Asset Management and Orion Real Estate Group has acquired Pinecrest Town Center, a mixed-use retail and office property located 11 miles outside Miami in Pinecrest, for $32 million. Limestone Asset Management will assume an existing mortgage on the property. Pinecrest Town Center features 60,484 square feet of retail space and 33,691 square feet of office space. Tenants at the property include Sage Dental, EWM, Coldwell Banker, Anacapri Italian Restaurant and Sea Siam. The entire site includes 225,255 square feet of land, and …

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Gene Autry Plaza
CaliforniaFaris Lee InvestmentsGrocery-anchoredInvestment salesNews

Faris Lee Arranges the $23.4 Million Sale of Grocery-Anchored Center in Palm Springs, California

by Julia Sanders

Palm Springs, Calif. — Faris Lee Investments has arranged the $23.4 million sale of Gene Autry Plaza, a Smart & Final grocery-anchored property located adjacent to the Palm Springs Airport and Gene Autry Business District in Palm Springs. Don MacLellan & Rick Chichester of Faris Lee Investments represented the seller, Investec Real Estate Cos., and undisclosed buyer in the transaction. The property is 98 percent occupied by a mix of tenants including food, fitness and health operators.

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Kroger
GeorgiaGrocery-anchoredInvestment salesNews

Institutional Property Advisors Brokers $12.7 Million Sale of Kroger-Anchored Shopping Center in Metro Atlanta

by Julia Sanders

Conyers, Ga. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $12.7 million sale of Conyers Square, a 90,218-square-foot, Kroger-anchored shopping center in Conyers. Zach Taylor and Don McMinn of IPA’s Taylor McMinn Retail Group represented the seller, Sansome LLC, and procured the buyer, Forge Capital Partners. Conyers Square was constructed on 11 acres in 1985. Additional tenants include Sunny’s Beauty Supply, Sapphire Nails, Lendmark Financial and H&R Block.

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Pleasantview Commons
Grocery-anchoredInvestment salesNewsOhio

Cooper Commercial Investment Group Facilitates $1 Million Sale of Pleasantview Commons in Canton, Ohio

by Julia Sanders

Canton, Ohio — The Cooper Commercial Investment Group has facilitated the $1 million sale of Pleasantview Commons, a 49 percent occupied, Aldi-anchored center in Canton. Dan Cooper and Bob Havasi of Cooper Commercial represented the seller, a private investment group based in Ohio. A private, Nevada-based investment firm acquired the property in an all-cash transaction.

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Investment salesNewsOhio

Marcus & Millichap Brokers $6.8 Million Sale of Village Crossings Shopping Center in Cincinnati

by Julia Sanders

Cincinnati — Marcus & Millichap has brokered the sale of Village Crossings Shopping Center in Cincinnati for $6.8 million. The Aldi-anchored shopping center spans 89,008 square feet and is located at 10400 Reading Road. Other tenants include CAM International Market, JOANN Fabrics, H&R Block, Breakthrough Fitness, Mala Hot Pot and Firestone. Scott Wiles, CJ Jackson, Erin Patton and Craig Fuller of Marcus & Millichap’s Patton Wiles Fuller Group marketed the property on behalf of the seller, a private REIT. The team also secured the buyer, Maryland-based America’s Realty LLC, a …

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Augusta Ranch
ArizonaFaris Lee InvestmentsInvestment salesNews

Faris Lee Arranges the $12.5 Million Sale of a Bashas’ Grocery Anchored Center in Mesa, Arizona

by Julia Sanders

Meza, Ariz. — Faris Lee Investments in partnership with XTEAM Velocity Retail Group, has arranged the $12.5 million sale of Augusta Ranch Marketplace, a Bashas’ grocery anchored center in the city of Mesa. Don MacLellan, Rick Chichester, Phil Ramming of Faris Lee Investments and Dave Cheatham, Darren Pitts and Eli Castronova at Velocity Retail Group represented the seller in the transaction. The Augusta Ranch Marketplace features a tenant line up with local operators and national brands. The center has a mix of grocery, food, daily needs, restaurant, QSR, medical and …

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Manokeek Village Center
Investment salesMarylandNews

JLL Brokers $17.4 Million Sale of Manokeek Village Center in Metro D.C.

by Julia Sanders

Accokeek, MD. — JLL has brokered the $17.4 million sale of Manokeek Village Center, a 74,470-square-foot, grocery-anchored shopping center in the Washington, D.C., suburb of Accokeek. Bill Moylan, Jordan Lex and Daniel Naughton of JLL marketed the property on behalf of the seller, The JCR Cos. Evan Park of JLL arranged a 10-year, fixed-rate acquisition loan on behalf of the buyer, AmCap Necessity Retail Fund LLC. Completed in 2003, Manokeek Village Center is 96 percent leased to tenants including Giant, Starbucks Coffee and Advance Auto Parts. The site has a …

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Buzzed Bull Creamery
KentuckyLeasingNews

NAI Isaac Facilitates Retail Lease with Buzzed Bull Creamery in Lexington, Kentucky

by Julia Sanders

Lexington, KY. — NAI Isaac has facilitated a retail lease with Buzzed Bull Creamery at The Summit at Fritz Farm, a mixed-use development in Lexington. Zach Smith and Paul Ray Smith of NAI Isaac represented the tenant alongside Sherry Sanchez with RESOLUT RE. Samantha Merrell of Bayer Properties represented the landlord on an internal basis. Buzzed Bull Creamery is an ice cream and milkshake purveyor offering made-to-order alcoholic and non-alcoholic frozen desserts and coffee. The company’s new 940-square-foot shop is set to open this summer and will be situated at …

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