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Horizon Park
FloridaInvestment salesNews

Plaza Advisors Arranges Sale of 215,713-Square-Foot Horizon Park Shopping Center in Tampa

by Julia Sanders

Tampa, Fla. — Plaza Advisors has arranged the sale of Horizon Park, a 215,713-square-foot shopping center located at 3904 W Hillsborough Ave. in Tampa. An entity doing business as CRP II – Horizon Park LLC sold the property for $21.9 million. The buyer was not disclosed. Jim Michalak and Keith Nurre of Plaza Advisors represented the seller and were the only brokers involved in the transaction. Built in 1971, Horizon Park was renovated in 1980 and 1988 and was 86 percent leased at the time of sale. The shopping center’s …

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Waterpoint Center
DevelopmentNewsTexas

Gordon Partners Completes 35,000-Square-Foot Mixed-Use Expansion Project at Lake Conroe

by Julia Sanders

Conroe, Texas — Houston-based Gordon Partners has completed the 35,000-square-foot expansion of Waterpoint Center, an office, retail and restaurant development located north of Houston on Lake Conroe. Retail and restaurant users that will soon be opening at the 140,000-square-foot waterfront property include Akashi Asian Bistro, Crust Pizza Co., Boardwalk Boutique, The Paleta Bar, Hunger Crush Café and Bar Lago Craft Cocktails. Gordon Partners will soon break ground on an additional 10,000 square feet of office and medical space that is expected to be complete in the first quarter of 2022.

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Ulta
DevelopmentIllinoisNews

Target, Ulta Beauty Reveal Brands and Locations Ahead of August Launch

by Julia Sanders

Minneapolis and Bolingbrook, Ill. — Target Corp. and Ulta Beauty have revealed further details about the Ulta Beauty at Target launch, which is slated to begin rolling out in more than 100 Target stores nationwide and online this August. Most of the initial locations will be concentrated in California, Colorado, Florida, Illinois, Minnesota, New York and Texas. The “shop-in-shop” retail concept will include 50 specially curated brands. The two companies are planning to roll out the concept at 800 Target stores in the coming years. Each shop-in-shop will be placed …

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Pick N Save
Investment salesNewsWisconsin

JLL Arranges $19 Million Sale of Shopping Center in Metro Milwaukee

by Julia Sanders

Wauwatosa, Wis. — JLL Capital Markets has arranged the sale of a 69,749-square-foot shopping center anchored by Pick ’n Save in Wauwatosa near Milwaukee for $19 million. The fully leased property was built in phases in 2008 and 2012. Tenants at the center include Mattress Firm, Firehouse Subs and Bubon Orthodontics. Clinton Mitchell, Amy Sands, Michael Nieder and Jaime Fink of JLL represented the seller, a partnership between Newport Capital Partners and Artemis. JRW Realty represented the buyer, ExchangeRight.

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Investment salesNevadaNews

Agora Realty Acquires Bonanza Eastern Plaza in Las Vegas for $16.1 Million

by Julia Sanders

Las Vegas — Agora Realty has acquired Bonanza Eastern Plaza, a 71,008-square-foot retail center located at 550-580 N. Eastern Ave. in Las Vegas. Mariana’s Supermarket anchors the center, which is fully occupied by tenants including dd’s Discounts, Jack in the Box, Sushiro and Boca Dental. Jeff Berg and Mica Berg of Logic represented Agora Realty in the acquisition of the property for $16.1 million. The seller was undisclosed. Renovations are planned under the new ownership, which will include a façade renovation and remodeled parking lot.

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Investment salesNewsTexas

KM Realty Investment Trust Buys 32,449-Square-Foot Shopping Center in San Antonio

by Julia Sanders

San Antonio — KM Realty Investment Trust Inc. has acquired City Base Commons, a 32,449-square-foot shopping center that is located on a 7.5-acre site south of downtown San Antonio. GFR Development sold the asset for an undisclosed price. City Base Commons was 95 percent leased at the time of sale to tenants such as Credit Human, Kung Fu Tea, Jimmy John’s, McAlister’s Deli, Raising Cane’s and Smoothie King.

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Westminster Crossings
ColoradoInvestment salesNews

Cushman & Wakefield Negotiates $9.8 Million Sale of Three-Building Retail Portfolio in Westminster, Colorado

by Julia Sanders

Westminster, Colo. — Cushman & Wakefield has arranged the sale of a retail portfolio comprising three inline shop buildings located within Westminster Crossings shopping center in Westminster. Coco’s Place acquired the asset from Centre Point Properties for $9.8 million. Totaling 28,705 square feet of gross leasable space, the multi-tenant property was 100 percent leased to a mix of regional and national tenants. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield’s Capital Markets team in Denver represented the seller in the deal.

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Ashland Junction
Investment salesNewsVirginia

Palomar Group Brokers $8.1 Million Sale of Ashland Junction Retail Property in Metro Richmond

by Julia Sanders

Ashland, Va. — The Palomar Group has brokered the sale of Ashland Junction, a 141,701-square-foot retail property located roughly 18 miles outside Richmond in Ashland, to Peck Properties. Phillips Edison & Co. sold the center for $8.1 million. Ryan McArdle, Steve Collins and David Rivers of Palomar brokered the transaction. The property, which was built in 1989, was 92 percent occupied at the time of sale by tenants including Roses, Anytime Fitness, CVS/pharmacy and Food Lion.

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Investment salesMinnesotaNews

Upland Negotiates $6.3 Million Sale of Hobby Lobby-Occupied Property in West St. Paul

by Julia Sanders

West St. Paul, Minn. — Upland Real Estate Group’s net lease team has negotiated the sale of a Hobby Lobby-occupied property in West St. Paul for $6.3 million. Deborah Vannelli, Keith Sturm and Amanda Leathers of Upland represented the undisclosed seller in the transaction. The property sold to a California-based buyer.

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Centerpoint Drive
CaliforniaInvestment salesNews

Argent Retail Advisors Arranges $4.8 Million Sale of Single-Tenant Retail Property in Moreno Valley, California

by Julia Sanders

Moreno Valley, Calif. — Argent Retail Advisors has arranged the sale of a single-tenant property formerly occupied by Acapulco restaurant at 12569 Centerpoint Drive in Moreno Valley. The property, which was vacant at the time of the sale, sold for $4.8 million in an all-cash transaction. The building is situated just off the 60 freeway at the intersection of Frederick St. and Sunnymead Boulevard. Terry Bortnick of Argent Retail Advisors represented the seller, Brixton Alto Shopping Center LLC, in the transaction.

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