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Bayside Marketplace
Investment salesNewsWisconsin

Colliers Brokers $18.6 Million Sale of Bayside Marketplace in Green Bay, Wisconsin

by Julia Sanders

Green Bay, Wis. — Colliers International has brokered the $18.6 million sale of Bayside Marketplace, a 229,572-square-foot shopping center located at 2763-2817 S Oneida St. in Green Bay. The property is anchored by Fresh Thyme and leased to a total of 13 tenants. Additional tenants include Joann Fabrics, Dunham’s Sports, Xperience Fitness, Dollar Tree and OfficeMax, which is located in a standalone building on an outparcel. The center is located east of the Interstate 41 and Highway 172 interchange. Adam Connor and Mark Pucci of Colliers | Wisconsin and El …

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GeorgiaInvestment salesNews

North American Properties Acquires 230,000-Square-Foot Avenue East Cobb in Metro Atlanta

by Julia Sanders

Marietta, Ga. — North American Properties (NAP) has acquired The Avenue East Cobb, a 230,000-square-foot retail development in Marietta. The seller and sales price were not disclosed. The property’s tenant roster features national brands such as lululemon atheltica, Sephora, Pottery Barn, Simply Mac, Bed Bath & Beyond and Williams Sonoma, as well as regional concepts such as High Country Outfitters, Stockyard Burgers & Bones and Tin Lizzy’s Cantina. NAP’s repositioning plan calls for the addition of a central event lawn surrounded by restaurants with patios. Built in 1999, Avenue East …

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Homestead
AlabamaInvestment salesNews

JLL Arranges Sale of 106,606-Square-Foot Aldi-Anchored Center in Trussville, Alabama

by Julia Sanders

Trussville, Ala. — JLL has arranged the sale of Homestead Village, a 106,606-square-foot, Aldi-anchored shopping center in Trussville, about 17 miles outside of Birmingham. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller, Blackwater Resources, which also developed the property. An affiliate of Select Strategies Realty acquired the center. The sales price was not disclosed. Homestead Village was 99 percent leased at the time of sale to tenants such as HomeGoods, Petco, Five Below, Ulta Beauty, Panera Bread and Jimmy John’s. Located at 2000 Gadsden Highway, the …

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CaliforniaFinanceNews

JLL Secures $23 Million Construction Loan for Redevelopment of Pico Rivera, California Shopping Center

by Julia Sanders

Pico Rivera, Calif. — JLL has secured a $23 million construction loan for Crossroads Plaza Shopping Center, a 140,198-square-foot retail center in Pico Rivera. John Marshall of JLL worked on behalf of the borrower, an entity doing business as Crossroads Plaza LP, and its developer, TRF Pacific LLC, to secure the loan through a regional bank. Loan proceeds will be used to redevelop and renovate portions of the center and develop an additional 12,000 square feet of proposed shop space. Located at 9050-9200 Whittier Blvd., the Crossroads Plaza Shopping Center …

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Smart & Final
CaliforniaInvestment salesNews

SRS Negotiates $11 Million Sale of Two-Tenant Retail Property in Mission Viejo, California

by Julia Sanders

Mission Viejo, Calif. — SRS Real Estate Partners has arranged the sale of a two-tenant retail property located at 26911 and 26921 Trabuco Road in Mission Viejo. Starpoint Properties sold the asset to a Hawaii-based private investor for $11 million. Smart & Final and Saddleback Carpet & Flooring fully occupy the 26,202-square-foot property, which is part of Alicia Trabuco Plaza. Smart & Final serves as the anchor tenant for the plaza. Matthew Mousavi and Patrick Luther of SRS’ National Net Lease Group represented the seller and buyer in the deal.

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Albertsons
Faris Lee InvestmentsInvestment salesNewsOregon

Faris Lee Arranges $7.3 Million Sale of Single-Tenant Grocery Property in Baker City, Oregon

by Julia Sanders

Baker City, Ore. — Faris Lee Investments has arranged the $7.3 million sale of a single-tenant, 48,239-square-foot Albertsons in Baker City. The tenant had approximately 15 years remaining on its absolute triple-net lease. Chris DePierro, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the Orange County-based seller in the transaction. The buyer was not disclosed. The Albertsons grocery store is located adjacent to Interstate 84. Other national tenants in this area include McDonald’s, Safeway, Rite Aid, Bi-Mart, Shell and Subway. Faris Lee targeted buyers based in the Pacific …

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Hobby Lobby
Investment salesMinnesotaNews

PEBB Enterprises Sells Hobby Lobby-Leased Store in West St. Paul, Minnesota for $6.4 Million

by Julia Sanders

West St. Paul, Minn. — PEBB Enterprises has sold the Hobby Lobby-anchored center in West St. Paul for $6.4 million. Located on four acres at 1660 S. Robert St., the 61,712-square-foot building was originally constructed in 1982 and renovated in 2015. Hobby Lobby occupies the building under a sublease agreement, and the store is located close to Super Target, Walmart and Lowe’s Home Improvement. A San Diego-based entity doing business as Mesa Shopping Centers LLC is the buyer. Minneapolis-based Upland Real Estate Group marketed the property for sale on behalf …

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Winn Dixie
FloridaInvestment salesNews

SRS Brokers $4.8 Million Sale of Winn-Dixie-Anchored Property in High Springs, Florida

by Julia Sanders

High Springs, Fla. — SRS Real Estate Partners has brokered the $4.8 million sale of a single-tenant grocery property located at 20303 N US Highway 441 in High Springs, a suburb of Gainesville. The tenant, Winn-Dixie, has more than 27 years of lease remaining at the location. The Winn-Dixie is part of a 57,850-square-foot shopping center. Built in 1985 on 5.2 acres, the tenant roster includes Bealls Outlet, Advance Auto Parts and Cricket Wireless, none of which were part of the sale. The seller, an entity doing business as H&R …

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Winwood Town Center
Investment salesNewsTexas

JLL Negotiates Sale of 365,559-Square-Foot Winwood Town Center in Odessa, Texas

by Julia Sanders

Odessa, Texas — JLL has negotiated the sale of Winwood Town Center, a 365,559-square-foot regional shopping center located in the West Texas city of Odessa. The property sits on 40.4 acres and was 100 percent leased at the time of sale. Tenants include regional grocer H-E-B, Target, Ross Dress for Less, dd’s Discounts, Office Depot and Michaels. Restaurant users include Chick-fil-A, Jack in the Box and Taco Bell. Chris Gerard, Ryan Shore and Barry Brown of JLL represented the seller, Brixmor Property Group, in the transaction. Colby Mueck, Ryan West …

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FloridaInvestment salesNews

Orion Real Estate Group, Limestone Asset Management Purchase 14-Property Walgreens Portfolio for $62.2 Million

by Julia Sanders

Miami — Orion Real Estate Group, via a joint venture with Miami-based Limestone Asset Management, has purchased a portfolio of retail properties leased to Walgreens for approximately $62.2 million. The portfolio includes 14 locations throughout the United States. Wells Fargo is providing acquisition financing. Kevin Sanz of Orion Real Estate Group led the buyer group. Brian Pfohl and Maury Vanden Eykel of CBRE represented the seller, Walgreens. This closing follows Limestone and Orion’s purchase of on an additional Walgreens portfolio for $133 million in June. The June portfolio encompasses 27 …

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