Munster, Ind. — Blue West Capital has arranged the sale of Ridgewood Plaza in Munster for an undisclosed price. The 36,307-square-foot retail center is located on Ridge Road. Tenants include Fresenius, ATI Physical Therapy, Check ’n Go, GNC, Supercuts and Applebee’s. Carly Kelly of Blue West Capital represented the buyer, a private real estate company based in New York City. A Chicago-based private investor was the seller.
St. Johns, Fla. — Earth Fare is set to open a 24,000-square-foot store within the Shoppes of St. Johns Parkway in the Jacksonville suburb of St. Johns. The company previously occupied a space at the center, which closed following Earth Fare’s bankruptcy declaration at the beginning of 2020. Sleiman Enterprises — developer and owner of the center — helped arrange the reopening. The Shoppes of St. Johns Parkway also includes retailers such as Ember and Iron, Canopy Road Café, Xtreme Wings, Massage Envy, RaceTrac and Engel & Volkers.
Clinton Township, Mich. — SRS Real Estate Partners has brokered the $2.5 million sale of an Aldi ground lease in Clinton Township, about 20 miles north of Detroit. The 19,744-square-foot, single-tenant building is located at 39827 S. Groesbeck Highway. Aldi has roughly 18 years remaining on its lease at the property, which was built in 2009. Frank Rogers and Michael Carter of SRS represented the seller, a Michigan-based private investor. SRS also represented the buyer, a Midwest-based private investor.
Loganville, Ga. — Stan Johnson Co. has arranged the sale of Midway Station, a 12,050-square-foot retail strip center located at 1009 Atlanta Highway in Loganville. The property was fully leased at the time of sale to tenants including Papa John’s Pizza. Jeff Enck of Stan Johnson Co. represented the sellers, a group of individual investors based in California. A Georgia-based private buyer purchased the property for $2.2 million.
Jacksonville, Fla. — JLL Capital Markets has arranged the sale of two single-tenant properties leased to BJ’s Wholesale Club and Walgreens totaling 123,567 square feet. The buildings are located within the Atlantic-Kernan Shops shopping center in Jacksonville. Michael Brewster, Brad Peterson and Whitaker Leonhardt of JLL represented the seller, Sleiman Enterprises. The buyer and the sales price were not disclosed.
Hillsdale, N.J. — Axiom Capital Corp. has placed a $17.8 million loan for the refinancing of a 63,000-square-foot retail building in the Northern New Jersey community of Hillsdale. An undisclosed bank provided the loan to the borrower, a private investor and developer. The property has been leased to a single tenant on a triple-net basis since 1979 and was also renovated between 2016 and 2017.
North Arlington, N.J. — Cushman & Wakefield has brokered the $13.5 million sale of Arlington Plaza, a 37,603-square-foot retail center in North Arlington, about 15 miles west of New York City. Grocer Super Foodtown anchors the property, and other tenants include Dunkin’, Taco Bell and Santander Bank. Seth Pollack, Brian Whitmer, Max Helfman, Andrew Merin, David Bernhaut and Gary Gabriel of Cushman & Wakefield represented the seller, Arlington North Associates, and procured the buyer, a privately held investment firm.
Powhatan, Va. — JWN Properties LLC has sold The Maxey Center, a 17,235-square-foot, shopping center located at 3452 Anderson Highway in Powhatan, for $4.3 million. Nathan Shor, Elliot Warsof, Thomas Langston, Chris Zarpas and Mike Zarpas of S.L. Nusbaum Realty Co. represented the seller in the transaction. Ruffin Mill LLC, a local investor represented by Mike Carroll of General Land, was the buyer. The center is fully leased to tenants including Powhatan Medical Associates, Edward Jones, Angela’s Italian Restaurant, ERA Napier and Powhatan Gentle Dentistry.
Thomasville, Ga. — Stan Johnson Co. has brokered the $4 million sale of Thomasville Center, a 23,000-square-foot retail center located at 14669 U.S. 19 in Thomasville. The property was fully leased to Planet Fitness and DaVita at the time of sale. Brett Puckett and Ryan Roedersheimer of Stan Johnson Co., with support from Analyst Caleb Edwards, represented the seller, Vantage Thomasville Center LLC. Hawk’s Landing LLC purchased the property.
Oxnard, Calif. — Eight new retailers have joined the tenant lineup at The Collection at RiverPark, a 650,000-square-foot, open-air shopping center in Oxnard. The eight new tenants opening soon include PizzaMan Dan’s, Red Door Escape Room, Bowlero, King and Queen Cantina, Salons by JC, Keller Williams and Exer Urgent Care. The Collection is already home to several other retail and entertainment tenants including Levity Live Comedy Club, Copper Blues Rock Pub & Kitchen, Jump ’N Jammin, Color Me Mine and Century RiverPark 16. The Collection has also recently welcomed Sunglass …
