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Grocery-anchoredIllinoisInvestment salesNewsRetailers

Dolan Associates Sells 115,380-Square-Foot Retail Center in Naperville, Illinois

by Alex Tostado

Naperville, Ill. — Dolan Associates Ltd. has sold Naperville Plaza, a 115,380-square-foot retail center in Naperville. Northpond Acquisitions LLC acquired the property for an undisclosed price. At the time of sale, the asset was leased to Casey’s Foods, Trader Joe’s, Oswald’s Pharmacy and Bridgestone/Firestone. Naperville Plaza is situated at 8-192 W. Gartner Road, 30 miles west of downtown Chicago. Bob Mahoney, Christian Williams, George Good, Richard Frolik, Michael Kaider, Derrick Almassy and Adam Foret of CBRE represented the seller in the transaction.

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IndianaInvestment salesNevadaNewsRetailers

Walton Street Capital Sells Two Retail Centers in Indiana, Nevada

by Alex Tostado

Schererville, Ind. and Sparks, Nev. — Walton Street Capital has sold Town Square, a 138,571-square-foot retail center in Schererville; and Silver State Plaza Shopping Center, a 155,471-square-foot property in Sparks. Albanese Cormier acquired both centers in separate transactions. The sales prices were not disclosed. Town Square was delivered in 2001 and was leased to tenants including Bed Bath & Beyond, Old Navy, Shoe Carnival and T.J. Maxx at the time of sale. The property is situated at 40-124 Indianapolis Blvd., 29 miles south of downtown Chicago. Clinton Mitchell and Amy …

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CaliforniaGrocery-anchoredInvestment salesNewsRetailers

Hanley Investment Group Negotiates $14.8 Million Sale of Cardenas Markets Grocery Store in Metro Los Angeles

by Alex Tostado

Whittier, Calif. — Hanley Investment Group has negotiated the $14.8 million sale of a new Cardenas Market in Whittier. The store opened in July 2020 and is situated at 11750 Whittier Blvd., 13 miles southeast of downtown Los Angeles. The Ontario, California-based grocer now operates 53 stores under the Cardenas Market banner and an additional seven stores under the Cardenas Ranch Market banner. An undisclosed private investor based in Los Angeles County acquired the 34,642-square-foot property at a 5.03 percent cap rate. Carlos Lopez and Lee Csenar of Hanley Investment …

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CaliforniaContent PartnersFaris Lee InvestmentsInvestment salesNewsRetailers

Faris Lee Arranges $13 Million Sale of Shopping Center in Southern California

by Alex Tostado

Cypress, Calif. — Faris Lee Investments has arranged the $13 million sale of Meridian Plaza, a 28,500-square-foot shopping center in Cypress. Dollar Tree anchors the property, which is also leased to tenants including Starbucks, H&R Block and Wienerschnitzel. Meridian Plaza is situated along Katella Avenue, 26 miles southeast of downtown Los Angeles. Nick Miller and Shaun Riley of Faris Lee represented the buyer, an undisclosed family office based in Orange County, California completing a 1031 tax exchange, in the transaction. Thomas Kim and Jaime Park of Apple Tree Management represented …

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Grocery-anchoredInvestment salesNewsNorth CarolinaRetailers

Marcus & Millichap Arranges $23.5 Million Sale of Shopping Center in High Point, North Carolina

by Alex Tostado

High Point, N.C. — Marcus & Millichap has arranged the $23.5 million sale of High Point Harris Teeter Center, a 192,548-square-foot shopping center in High Point. The asset was fully leased at the time of sale to tenants including Harris Teeter, T.J. Maxx, Ross Dress for Less and Staples. The property was originally developed in 1975, and the undisclosed seller owned it for more than 20 years. Lori Schneider of Marcus & Millichap represented the seller in the transaction. Ben Yelm of Marcus & Millichap was the broker of record. …

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FloridaGrocery-anchoredInvestment salesNewsRetailers

Crossman & Co. Brokers $15.4 Million Sale of Retail Center Near Orlando

by Alex Tostado

Orange City, Fla. — Crossman & Co. has brokered the $15.4 million sale of Orange City Marketplace, a 172,079-square-foot retail center in Orange City. The property was leased to Orange City Racing & Card Club, Planet Fitness and Dollar General as well as other national and local tenants at the time of sale. The asset is situated at 816 Saxon Blvd., 30 miles north of downtown Orlando. Brian Carolan of Crossman & Co. represented the sellers, Scott Crossman and Daryl Carter, in the transaction. The buyer was not disclosed.

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ColoradoInvestment salesNewsRetailers

Pinnacle Estate Advisors Negotiates $14.9 Million Sale of Brentwood Center Retail Property in Denver

by Alex Tostado

Denver — Pinnacle Estate Advisors has negotiated the sale of Brentwood Center, a shopping center located at 1951, 2095 and 2099 S. Federal Blvd. and 2000 S. Hazel Court in Denver. A local partnership sold the asset to a Denver-based private investor for $14.9 million. Situated on 13.3 acres, Brentwood Center consists of eight buildings offering a total of 133,494 square feet of retail space. At the time of sale, the property was 84 percent leased to 30 tenants, including Save A Lot, Family Dollar, Brurger King and Aaron’s. Justin …

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Grocery-anchoredInvestment salesNewsNorth CarolinaRetailers

Palomar Group Arranges $12.3 Million Sale of Grocery-Anchored Center in Walkertown, North Carolina

by Alex Tostado

Walkertown, N.C. — Palomar Group has arranged the $12.3 million sale of Walkertown Commons, an 81,432-sqaure-foot shopping center in Walkertown. Lowes Foods anchors the fully leased property, which was originally built in 2004. Walkertown Commons is located at 5180 Reidsville Road, eight miles northeast of downtown Winston-Salem. Ryan McArdle, Steve Collins, David Rivers, Jefferson Knox and Lee Malchow of Palomar Group represented the seller, an undisclosed regional investor, in the transaction. An undisclosed buyer based in South Carolina acquired the asset in a 1031 tax exchange.

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Investment salesNew YorkNewsRetailers

PEBB Enterprises, Sagamore Hill Partners Purchase 188,109-Square-Foot Shopping Center on Long Island

by Alex Tostado

Port Washington, N.Y. — PEBB Enterprises and Sagamore Hill Partners have purchased Soundview Marketplace, a 188,109-square-foot shopping center in Port Washington, for an undisclosed price. The property spans 11 acres and was 75 percent leased at the time to tenants including Target, T.J. Maxx, Walgreens, West Marine and Ace Hardware. Soundview Marketplace is located at 10 Shore Road, 27 miles northeast of New York City. John Bell, Jon Kleinberg and Patrick Heeg of Transwestern represented the undisclosed seller in the transaction.

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AlabamaGrocery-anchoredInvestment salesNewsRetailers

Benderson Development Acquires 60,000-Square-Foot Retail Center in Huntsville, Alabama

by Alex Tostado

Huntsville, Ala. — Benderson Development has acquired The Pinnacle at Providence Publix, a 60,000-square-foot, Publix-anchored retail center in Huntsville. The property features 14,000 square feet of new retail space that is available for lease. The asset is situated at 1660 Old Monrovia Road NW, seven miles west of downtown Huntsville. The seller and sales price were not disclosed.

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