Franklin Park, N.J. — Marcus & Millichap has arranged the sale of Somerset Plaza Shopping Center, a retail property located in Franklin Park.
Texas City, Texas — Edifis Group, a Houston-based development and investment firm, will redevelop Palmer Plaza, a 98,816-square-foot shopping center in Texas City, about 40 miles southeast of Houston.
SMYRNA, GA. — Halpern Enterprises Inc. has broken ground on the second phase of The Shops at Belmont, a 47,593-square-foot retail center located in Smyrna, roughly 17 miles northwest of downtown Atlanta.
Falmouth, Maine — NKF Capital Markets has arranged the $21 million sale of Falmouth Shopping Center in Falmouth.
PALM COAST, FLA. — Matthews Real Estate Investment Services has arranged the $10.6 million sale of Old Kings Commons, an 84,759-square-foot shopping center in Palm Coast.
La Habra, Calif. — SRS Real Estate Partners has arranged the $4 million sale of The Miracle Day Shopping Center, an 18,468-square-foot strip center in La Habra. Michael Walseth of SRS’ National Net Lease Group arranged the transaction on behalf of the seller, a Los Angeles-based real estate investment firm. The buyer, a Los Angeles-based private investor, acquired the asset through a 1031 exchange.
Lakeland, Tenn. — The Was Group LLC will handle the leasing assignment for The Lake District, a 165-acre mixed-use project in Lakeland, 23 miles northeast of Memphis.
Salt Lake City — Newmark Grubb ACRES, a Utah-based brokerage firm, has arranged the sale of a portfolio of single-tenant retail properties leased to Codale Electric Supply Inc., a Salt Lake City-based distributor of electric, energy and lighting products.
Allen And Carrollton, Texas — Disney Investment Group (DIG) has arranged the sale of two shopping centers totaling 57,135 square feet in metro Dallas for a combined $17.1 million.
Maplewood, N.J. — Marcus & Millichap has arranged the $5.8 million sale of a 5,600-square-foot property net-leased to Wawa in Maplewood.