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Liberty Plaza
FloridaInvestment salesNews

Seagate Buys Mixed-Use Property in Naples, Florida for $11.8 Million

by Julia Sanders

Naples, Fla. — Naples Liberty Group, an affiliate of Seagate Development Group, has purchased Liberty Plaza, a three-building office and retail property in Naples from an entity known as Naples Venture I Inc. for $11.8 million. David Stevens and Robert Carroll of Investment Properties Corp. represented the buyer, while Marc Zampell of Nationwide Residential & Commercial Real Estate Inc. represented the seller. Liberty Plaza features two buildings with two stories and one building with one story, as well as 50,000 square feet of rentable space. The property was 98 percent …

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10750 W Colfax
ColoradoInvestment salesNews

Blue West Capital Arranges Sale of 42,755-Square-Foot Shopping Center in Metro Denver

by Julia Sanders

Lakewood, Colo. — Blue West Capital has arranged the sale of a 42,755-square-foot multi-tenant retail center located at 10750 West Colfax Ave. in Lakewood, roughly seven miles west of downtown Denver. Tom Ethington of Blue West Capital represented the seller, a Colorado-based private real estate company. The buyer was a California-based investor. 10750 West Colfax Ave. was fully leased at the time of sale to tenants including Harbor Freight Tools, JoAnn Fabric and Guitar Center.

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Investment salesMassachusettsNews

Sterling Organization Purchases Metro Boston Retail Center for $44.3 Million

by Julia Sanders

Braintree, Mass. — Sterling Organization has purchased Tedeschi Plaza, a 174,344-square-foot retail center in the southern Boston suburb of Braintree, for $44.3 million. A 66,124-square-foot Stop & Shop grocery store anchors the property. Additional tenants include CVS/pharmacy, Crunch Fitness, Sherwin Williams, Dunkin’ and Citizens Bank. JLL represented the seller, Black Creek Group, in the transaction.

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Investment salesNewsOklahoma

First National Realty Partners Buys 166,552-Square-Foot Summit Square Shopping Center in Tulsa

by Julia Sanders

Tulsa, Okla. — First National Realty Partners has purchased Summit Square Shopping Center, a 166,552-square-foot retail power center in Tulsa. A 66,455-square-foot Reasor’s Supermarket anchors the property, which was 96 percent leased at the time of sale. Margaret Caldwell, Gill Warner and Patrick Kelley of Stan Johnson Co. represented the undisclosed seller in the transaction. The price was not disclosed.

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ArizonaInvestment salesNews

Orion Investment Real Estate Brokers $3.1 Million Acquisition of Retail Building in Phoenix

by Julia Sanders

Phoenix — Orion Investment Real Estate has arranged the purchase of a retail property located at the northwest corner of 53rd Avenue and Bell Road in Phoenix. Corridor Living LLC acquired the building from McLean Holdings for $3.1 million. Four tenants fully occupied the 8,318-square-foot property at the time of sale, including Crazy Mike’s Subs, Music & Art, Gravitate and Oscar’s Taco Shop. Nick Miner of Orion represented the buyer, while Danny Gardiner and Chad Tiedeman of PCA represented the seller in the deal.

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Krab Kingz
IllinoisLeasingNews

Krab Kingz Opens Restaurant in Central Illinois

by Julia Sanders

East Peoria, Ill. — Krab Kingz has opened at EastPort Plaza, a shopping center located within the central Illinois town of East Peoria. The seafood restaurant specializes in Southern-style seafood boils and offers fresh king crab, snow crab and blue crab. The menu also features other seafood options such as shrimp, lobster and salmon. The East Peoria location will be the first Krab Kingz restaurant in central Illinois. Rimmon McNeese is the franchisee. Cullinan Properties Ltd. owns and manages EastPort Plaza, which is home to tenants such as Erie Insurance, …

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LeasingNewsNorth Carolina

Several New Tenants to Open at Church Street Commons Shopping Center in Burlington, North Carolina

by Julia Sanders

Burlington, N.C. — Several new tenants are set to open at Church Street Commons, a recently constructed shopping center located at the intersection of Huffman Mill Road and Church Street in Burlington. Retailers set to open within the first quarter include The Habit Burger Grill, Aspen Dental, Popeye’s, uBreakiFix and Church Street Nails. Publix and My Eyelab opened in December 2021. Morgan Cos. purchased the 9.6-acre property, formerly the site of a Sears department store, in February 2019.

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Ken Caron
CaliforniaCompany newsNews

Lewis Retail Centers Promotes New Senior Vice President

by Julia Sanders

Upland, Calif. — Lewis Retail Centers, an Upland, California-based shopping center developer, has promoted Ken Caron to the position of senior vice president of commercial development. In his new role, Caron will be responsible for directing all activities related to retail development including entitlements, construction, leasing, marketing and property management. Caron joined Lewis Retail Centers after working with The Carrington Co. as vice president of leasing, acquisitions and development. He has worked for Lewis Retail Centers for more than 20 years and has held leadership roles within the firm’s development …

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Vista-Terrace-Marketplace-Vista-CA-1
CaliforniaInvestment salesNews

Black Lion Investment Sells Vista Terrace Marketplace in San Diego County for $13.3 Million

by Katie Sloan

Vista, Calif. — Black Lion Investment Group has completed the sale of Vista Terrace Marketplace, a retail strip center in the San Diego County community of Vista. A real estate fund advised by Crow Holdings Capital acquired the property for $13.3 million. The 28,440-square-foot center was 91 percent occupied at the time of sale by tenants including Anytime Fitness, Discovery Preschool, Sports Clips, Jersey Mike’s Subs, Pacific Dental, Upper Crust Pizza and Bombay Café. Daniel Tyner and Gleb Lvovich of JLL Retail Capital Markets represented the seller in the deal.

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Investment salesNewsTexas

Disney Investment Group Arranges Sale of 111,211-Square-Foot Shopping Center in Suburban Dallas

by Katie Sloan

Coppell, Texas — Disney Investment Group (DIG) has arranged the sale of Valley Ranch Centre, a 111,211-square-foot retail property in Coppell, located in the northern-central part of the metroplex. Anchored by Club 4 Fitness and Dollar Tree, Valley Ranch Centre was built on 11.6 acres in 1989 and was roughly 75 percent leased at the time of sale. David Disney and Adam Crockett of DIG exclusively represented the undisclosed seller and procured the out-of-state buyer in the transaction.

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