News

6644 Carnelian St.
CaliforniaInvestment salesNews

Progressive Real Estate Partners Arranges $3.3 Million Sale of US Bank-Leased Property in Southern California

by Julia Sanders

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has arranged the sale of a single-tenant retail property located at 6644 Carnelian St. in Rancho Cucamonga. A Santa Barbara County, California-based private investor sold the property to a San Bernardino County, California-based private investor for $3.3 million. Greg Bedell of Progressive Real Estate Partners represented both parties in the transaction. Originally built as Pomona First Federal Bank in 1979, the 4,278-square-foot location was acquired by US Bank in 2008 and has operated continuously as a bank for the past 42 years.

Continue Reading
0 FacebookTwitterLinkedinEmail
7- eleven
Investment salesNewsTexas

RealSource Arranges Sale of 3,010-Square-Foot 7-Eleven in Arlington, Texas

by Julia Sanders

Arlington, Texas — RealSource Group has arranged the sale of a 3,010-square-foot single-tenant property and fuel station occupied by 7-Eleven in Arlington. The off-market disposition achieved a cap rate of 4.7 percent. Austin Blodgett of RealSource, along with ParaSell Inc., represented the seller, a private developer based in Houston. Jeremy McChesney of Hanley Investment Group represented the buyer, a 1031 exchange investor based in Southern California. The property is located at the signalized intersection of Collins Street and Blue Lake Boulevard at 4016 N. Collins St. 7-Eleven currently occupies the …

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaCompany newsNews

The Retail Brokers Network Selects Bryan Holt as President

by Julia Sanders

Birmingham, Ala. — The Retail Brokers Network (RBN) has selected Bryan Holt as president. In his new role, Holt will be responsible for helping grow the organization’s brand, representing RBN at industry-related events, recruiting new brokerage offices and facilitating education, networking and sharing of brokerage best practices between the 58 RBN member offices. Holt is a principal at Southpace Properties, where he oversees the company’s retail division. With nearly 25 years of experience in the commercial real estate industry, Holt specializes in retail tenant representation and investment sales. “I am …

Continue Reading
0 FacebookTwitterLinkedinEmail
Echo Street West
DevelopmentGeorgiaNews

Construction Underway on Echo Street West Mixed-Use Development in Atlanta

by Julia Sanders

Atlanta — Vertical construction has begun at Echo Street West, a 19-acre mixed-use development by Lincoln Property Co. at the intersection of Donald Lee Hollowell Parkway and Northside Drive in Atlanta. At completion, the multi-phase project will include 300,000 square feet of creative office space, 50,000 square feet of retail and restaurant space, 292 multifamily units, event space and 3.4 acres of outdoor entertainment and green space. An event venue named Guardian Works recently opened at the property. Phase one of Guardian Studios and CoLab, a neighborhood creative office space …

Continue Reading
0 FacebookTwitterLinkedinEmail
Metro Crossing Shopping Center
Investment salesIowaNews

Metro Crossing Shopping Center Sells in Council Bluffs, Iowa

by Julia Sanders

Council Bluffs, Iowa — Metro Crossing Shopping Center in Council Bluffs has sold for an undisclosed price. The property spans 309,811 square feet. It was 96 percent occupied at the time of sale by 57 tenants, including Dick’s Sporting Goods, PetSmart, Kohl’s, Hobby Lobby, Old Navy and TJ Maxx. Ember Grummons of Investors Realty represented the buyer, Bridge 33 Capital. CBRE represented the seller, a partnership between Walton Street Capital and Pine Tree Commercial.

Continue Reading
0 FacebookTwitterLinkedinEmail
Q2 stadium
DevelopmentNewsTexas

Austin Commercial Completes 20,500-Seat Austin FC Soccer Stadium

by Julia Sanders

Austin, Texas — General contractor Austin Commercial has completed Q2 Stadium, a 20,500-seat soccer stadium for Austin FC, the city’s new Major League Soccer team. The Austin City Council originally approved the development of the stadium, which is situated on a 24-acre site on the city’s north side, in August 2018. Designed by Gensler and owned by Precourt Sports Ventures, the stadium features an outdoor amphitheater and stage for live music, a beer hall with local food and beverage options, large video screens for parties and retail merchandise stores. St. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Hooksett
Investment salesNew HampshireNews

Horvath & Tremblay Negotiates $14.9 Million Sale of Retail Property in Hooksett, New Hampshire

by Julia Sanders

Hooksett, N.H. — Horvath & Tremblay, an investment sales brokerage firm serving New England, has negotiated the $14.9 million sale of a two-unit retail condo in Hooksett, located just outside Manchester in Merrimack County. The property consists of a 153,430-square-foot building that was built on 25.2 acres in 2007 and is now occupied by Walmart and a 139,790-square-foot building that was constructed on 17 acres in 2008. The original occupant of the smaller of the two buildings, Lowe’s Home Improvement, has subleased the space to Bass Pro Shops since 2013. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Aldi building
Investment salesNewsVirginia

Avison Young Brokers Sale of Retail Center in Alexandria, Virginia for $14 Million

by Julia Sanders

Alexandria, Va. — Avison Young’s Capital Markets Group has brokered the sale of a retail center in Alexandria. A private buyer purchased 6001 Kingstowne Village Parkway from The Halle Cos. for $14.2 million. The center is fully leased to ALDI, La-Z-Boy furniture and a newly opened Ashley Furniture HomeStore. Jonathan Hipp, Richard Murphy, Chip Ryan and Matt Weber of Avison Young represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Shelbyville Square
Investment salesNewsTennessee

Stan Johnson Co. Brokers $4.6 Million Sale of Shelbyville Square in Metro Nashville

by Julia Sanders

Shelbyville, Tenn. — Stan Johnson Co. has brokered the sale of Shelbyville Square, an 18,900-square-foot shopping center located at 1020 North Main St. in Shelbyville. Shelbyville Square was fully leased at the time of sale to eight tenants including Petsense and Pizza Hut. Doug Clyburn and Julie Clyburn of Stan Johnson Co. represented the 1031 exchange buyer, a private investor from Dacula, Georgia. Sofran Partners, an Atlanta-based developer, sold the property for $4.6 million, reflecting a 7.99 percent cap rate.

Continue Reading
0 FacebookTwitterLinkedinEmail
ColoradoDevelopmentNews

Evergreen Devco Sells Multi-Tenant Retail Building at Shops at Beeler Park in Denver

by Julia Sanders

Denver — Evergreen Devco has completed the disposition of a multi-tenant retail building located at the northeast corner of 56th Avenue and Central Park Boulevard in northeast Denver. 5565 N Beeler LLC acquired the building, which is located within The Shops at Beeler Park. The acquisition price was not released. Situated on 33,371 square feet, the 8,500-square-foot building is fully leased to five tenants including Epic Cycles, Aspen Lane, Paws’n’Play, Box State Barbers and Northfield Pediatric Dentistry. Dorit Fischer and Hayden Hirschfield of Shames-Makovsky Realty Co. represented the buyer in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts