News

Crunch Fitness
FloridaInvestment salesNews

SRS Brokers $12.5 Million Sales of Two Crunch Fitness-Occupied Properties in Florida

by Julia Sanders

Cape Coral and Melbourne, Fla. — SRS Real Estate Partners’ National Net Lease Group has brokered the $12.5 million sale of two single-tenant properties occupied by Crunch Fitness in South Florida. The newly developed portfolio includes a 19,200-square-foot property located at 244 Nicholas Parkway West in Cape Coral; and a 19,500-square-foot property located at 4880 N. Wickham Road in Melbourne. Matthew Mousavi and Patrick Luther of SRS represented the seller, a Southeast-based developer, as well as the buyer, a family partnership from South Florida, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Circle K
CaliforniaInvestment salesNews

Progressive Real Estate Partners Brokers $9.3 Million Sale of Convenience Store, Gas Station in Jurupa Valley, California

by Julia Sanders

Jurupa Valley, Calif. — Progressive Real Estate Partners has arranged the sale of a Shell gas station and Circle K convenience store and car wash in Jurupa Valley. A Riverside County-based private investor sold the asset to another Riverside County-based private investor for $9.3 million. Built in 1999 at 3873 Pyrite St., the property was fully remodeled in 2013. The asset features 28 fueling positions, an express car wash, a 4,000-square-foot Circle K convenience store and a 2,580-square-foot drive-thru restaurant building occupied by Alberto’s Mexican Food and Sub Hub Sandwiches. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Velvet Taco
Investment salesNewsTennessee

Stan Johnson Co. Brokers $7.3 Million Sale of Velvet Taco Restaurant Location in Nashville

by Julia Sanders

Nashville, Tenn. — Stan Johnson Co. has brokered the $7.3 million sale of a single-tenant restaurant located at 1911 Broadway St. in Nashville. The 3,643-square-foot property is leased to Velvet Taco, a fast-casual dining concept based out of Plano, Texas. Blaise Bennett of Stan Johnson Co. represented the seller, an undisclosed local developer. The 1031 exchange buyer was an entity based out of Glen Allen, Virginia. The 3,643-square-foot property in Nashville is leased to Velvet Taco.

Continue Reading
0 FacebookTwitterLinkedinEmail
Publix
Investment salesNewsTennessee

CBRE Arranges Sale of Grocery-Anchored Shopping Center in Sevierville, Tennessee

by Julia Sanders

Sevierville, Tenn. — CBRE has arranged the sale of Smoky Mountain Gateway, a 137,286-square-foot shopping center located at 750 Winfield Dunn Parkway in Sevierville. Anchored by Publix, the center features other tenants such as HomeGoods, Hamrick’s and Five Below. Casey Rosen, Paul Gaither, Steele McDonald and Dennis Carson of CBRE represented the seller, Horne Properties Inc. JRW Realty represented the buyer, an affiliate of ExchangeRight, which purchased the property for an undisclosed price.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsPennsylvania

Marcus & Millichap Brokers Sale of 184,082-Square-Foot Shopping Center in Metro Pittsburgh

by Julia Sanders

Rochester, Pa. — Marcus & Millichap has brokered the $12 million sale of Madison Square Shopping Center, a 184,082-square-foot retail property in Rochester, located northwest of Pittsburgh. Giant Eagle anchors the property, which was originally constructed in 1967 as a Kaufmann’s Department Store. John Reehil of Marcus & Millichap represented the seller, an undisclosed partnership, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
ColoradoDevelopmentNews

Evergreen Devco Completes Grocery-Anchored Shopping Center in Denver

by Julia Sanders

Denver — Evergreen Devco Inc. has completed the construction of a grocery-anchored shopping center at the northeast corner of 56th Avenue and Tower Road in Denver. The property will be anchored by a 23,300-square-foot Sprouts Farmers Market, which is set to open on January 14. The development site also features an 8,224-square-foot multi-tenant building and six accompanying retail pads, which are slated to open later this year. The multi-tenant space will be home to tenants including a 3,000-square-foot Solomon Liquor, 2,324-square-foot Corner Bakery Café and an 1,800-square-foot Prairie Pediatrics. Bryan …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTexas

RealSource Negotiates Sale of 37,030-Square-Foot West Houston Retail Property

by Julia Sanders

Houston — RealSource Group has negotiated the sale of a 37,030-square-foot single-tenant retail property in West Houston that is net leased to LA Fitness. Austin Blodgett of RealSource Group, in conjunction with ParaSell Inc., represented the seller, a Houston-based private developer, in the transaction. Roger Oser of Newmark represented the California-based buyer. Both parties requested anonymity. The deal traded at a cap rate of 6.12 percent.

Continue Reading
0 FacebookTwitterLinkedinEmail
Family Dollar
Investment salesLouisianaNews

Trinity REIS Brokers Sale of Family Dollar-Occupied Retail Property in New Orleans

by Julia Sanders

New Orleans — Trinity Real Estate Investment Services (Trinity REIS) has brokered the sale of a Family Dollar-occupied retail property in New Orleans. Trinity REIS represented the seller, Legion Capital, in the sale. The property spans 9,180 square feet at 7437 Westbank Expressway, roughly 10 miles from downtown New Orleans.

Continue Reading
0 FacebookTwitterLinkedinEmail
Chipotle
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $8.2 Million Sale of Multi-Tenant Retail Property in Orange County

by Julia Sanders

Orange County, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $8.2 million sale of a multi-tenant retail pad located at Foothill Ranch Towne Centre in Orange County. The 6,873-square-foot building was fully leased at the time of sale to Chipotle Mexican Grill, Firehouse Subs and Guidepost Montessori. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Thomas English Real Estate, in the transaction. Jack Nersesian of DAUM Commercial Real Estate Services represented the buyer, a private investor from Glendale, California.

Continue Reading
0 FacebookTwitterLinkedinEmail
Starbucks
Investment salesNewsVirginia

McCaffery Interests Sells Two-Tenant Retail Property in Metro D.C. for $4 Million

by Julia Sanders

Arlington, Va. — McCaffery Interests Inc. has sold a 3,100-square-foot retail property located roughly five miles outside Washington, D.C., in Arlington for $4 million. Built in 1979, the 3,100-square-foot, two-story property was occupied by Wireless Rxx and Starbucks Coffee at the time of sale. Andrew Fallon and Rick Fernandez of SRS represented the seller in the disposition of the property to an undisclosed, Virginia-based private buyer operating in a 1031 exchange.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts