Logan, Utah — Four Corners Property Trust (FCPT) has purchased three restaurant outparcel properties located adjacent to a mall in Logan, Utah. The aggregate acquisition price was $4.9 million. The name of the seller was not disclosed. The properties are occupied by Texas Roadhouse, Olive Garden and Arby’s, and each property is leased to corporate operators under triple-net leases with approximately seven years of weighted average term remaining.
Pleasant Grove, Utah — Evergreen Devco has completed the disposition of a newly developed retail center, located at 855 W. State St. in Pleasant Grove, Utah. Pinot Pasadena Land Co. acquired the property for $3.1 million. The 5,500-square-foot, multi-tenant retail space was fully occupied at the time of the sale by tenants including Mo’ Bettahs Hawaiian Style restaurant Beans & Brews Coffee House and Dough Co., which is set to open this spring. Evergreen purchased the one-acre site in June 2018 and completed the retail center in November of that …
Riverdale, Utah — CIM has completed the disposition of The Family Center at Riverdale, a 427,828-square-foot shopping center located on 42 acres at 1083 W. Riverdale Road in Riverdale, Utah, 35 miles from downtown Salt Lake City. CCA Acquisition Co. acquired the property for $48.2 million. At the time of sale, the center was 97 percent occupied by Target (165,550 square feet), Sportsman’s Warehouse, Best Buy, Pier 1 Imports, Show Carnival, PetSmart, Dollar Tree and Joann Fabrics. The retail center was built in phases from 1995 to 2008. Pete Bethea, …
Pleasant Grove, Utah — Evergreen Devco has opened Pleasant Grove Town Center, its first retail development in Utah.
Sandy, Utah — Hanley Investment Group Real Estate Advisors has arranged the sale of Canyon Center, a 47,866-square-foot, Smith’s Grocery-anchored shopping center in Sandy, located 18 miles south of Salt Lake City.
Denver — Baceline Investments Inc. has acquired four shopping centers located across the U.S. for $18.1 million.
Logan, Utah — Uber Capital Group has arranged an $11 million loan for the acquisition of Cache Valley Mall in Logan.
Midvale, Utah — NKF Capital Markets has arranged the $142 million sale of a 688,549-square-foot portion of The Shops at Fort Union, a shopping center in Midvale, 12 miles south of Salt Lake City.
Saint George, Utah — Newmark Knight Frank (NKF) has arranged the $33.2 million sale of Red Rock Commons, a 134,152-square-foot retail center in Saint George, a city in southwest Utah.
Holladay, Utah — Mountain West Commercial Real Estate has arranged the sale of Van Winkle Shopping Center, a 168,494-square-foot retail center located in Holladay, 11 miles southeast of Salt Lake City.