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Uber Capital Group Arranges $28.7 Million in Acquisition Financing for Sierra Vista Mall Near Fresno

by Alex Tostado

Clovis, Calif. — Great Neck, New York-based Uber Capital Group has secured a $28.7 million acquisition loan for the purchase of Sierra Vista Mall, located at 1050 Shaw Ave. in Clovis, a suburb of Fresno. The borrower is a private national commercial real estate investment group based in New York. The lender was not disclosed. Joel J. Gorjian, president and founder of Uber Capital Group, sourced the 10-year, fixed-rate loan, which features 15-year full amortization and partial recourse. Totaling 690,487 square feet, Sierra Vista Mall is occupied by 75 tenants …

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Investment salesNewsRetailersWisconsin

Mid-America Brokers Sale of 54,216-Square-Foot Shopping Center in Madison, Wisconsin

by Alex Tostado

Madison, Wis. — Mid-America Real Estate Corp. has brokered the sale of Oakbridge Retail Center in Madison for an undisclosed price. The 54,216-square-foot shopping center is fully leased to tenants such as Salons Etc., Heid Music, Rocky Rococo, Brothers Main and iCare. Carly Gallagher and Dan Rosenfeld of Mid-America represented the seller, a Madison-based investment group. Baltimore-based AGM Commercial Real Estate Advisors purchased the asset.

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ArizonaInvestment salesNewsRetailers

Capstone Advisors Acquires 18,037-Square-Foot Retail Space at Tuscano Town Center in Phoenix

by Alex Tostado

Phoenix — An affiliate of Capstone Advisors has purchased a retail portion of Tuscano Town Center. The full complex totals 250,331 square feet and is located at the southwest corner of West Lower Buckeye Road and South 75th Avenue in the Tuscano master-planned community in southwest Phoenix. Terms of the transaction were not released. At the time of sale, the 18,037-square-foot retail section was 100 percent leased to 12 tenants, including Allstate Insurance, GameStop, Sally Beauty, Subway and T-Mobile. Matt Milinovich and James DeCremer of Strategic Retail Group will continue …

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Grocery-anchoredInvestment salesMissouriNewsRetailers

Mid-America, Pace Properties Negotiate $20.9 Million Sale of Shopping Center in Ballwin, Missouri

by Alex Tostado

Ballwin, Mo. — Mid-America Real Estate Corp. and Pace Properties have arranged the $20.9 million sale of Ballwin Plaza in Ballwin, about 20 miles west of St. Louis. The 204,859-square-foot shopping center is situated on Manchester Road. Schnucks Supermarket anchors the property, which is 93 percent leased. Other tenants include Hobby Lobby, Marshalls and Buffalo Wild Wings. Joe Girardi of Mid-America and Scott Seyfried of Pace Properties represented the seller, Cincinnati-based Viking Partners. Cincinnati-based Select Strategies Realty purchased the asset.

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Investment salesNevadaNewsRetailers

PEBB Enterprises Acquires 64,599-Square-Foot Shopping Center in Metro Las Vegas

by Alex Tostado

Henderson, Nev. — PEBB Enterprises has acquired Galleria Pavilion, a 64,599-square-foot shopping center in Henderson. The property was 37 percent leased at the time of sale to tenants including Panera Bread, Buffalo Wild Wings and Sport Clips. Galleria Pavilion is situated 11 miles southeast of downtown Las Vegas. This is PEBB’s third acquisition in the metro in the past six months. The sales price and seller were not disclosed.

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CaliforniaGrocery-anchoredInvestment salesNewsRetailers

Donahue Schriber Purchases Two Bay Area Shopping Centers for Nearly $132 Million

by Alex Tostado

San Francisco And Antoich, Calif. — Donahue Schriber has acquired two grocery-anchored retail centers for a total of nearly $132 million. The acquisitions expand the company’s presence in the San Francisco Bay area. In the first deal, Donahue Schriber purchased Lakeshore Plaza in San Francisco. Located at 1549 Sloat Blvd., the 172,364-square-foot center was built in 1993 and serves the Sunset District, West Portal and Saint Francis Wood. Lucky, Ross Dress for Less, Petco and Big 5 Sporting Goods anchor the retail property. This acquisition represents the company’s second purchase …

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GeorgiaMixed-useNewsRetailers

CBRE Global Investors Purchases Alpharetta City Center

by Alex Tostado

Alpharetta, Ga. — JLL has arranged the sale of Alpharetta City Center, a mixed-use development featuring 168 residential units, a town green and 82,700 square feet of retail and restaurant space. The District, a 41,650-square-foot collection of local boutiques and service providers, sits at street level below the apartments. The Gardens, developed by Morris & Fellows, houses 41,050 square feet of chef-driven restaurants spanning two acres of parks and green spaces across three city blocks of Main Street. The retail and restaurants were fully leased at the time of sale. …

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Grocery-anchoredInvestment salesNewsRetailersWest Virginia

Palomar Group Trades 135,804-Square-Foot, Kroger-Anchored Shopping Center in Oak Hill, West Virginia

by Alex Tostado

Oak Hill, W.Va. — The Palomar Group has sold Fayette Square, a 135,804-square-foot, Kroger-anchored shopping center in Oak Hill. The property was 92 percent leased at the time of sale to tenants including Kroger, Goodwill, Burger King, Big Lots, Sherwin Williams, Anytime Fitness and AutoZone. Kroger recently renewed its lease for another five-year term at the location, which is situated three miles north of downtown Oak Hill. The buyer and sales price were not disclosed.

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CaliforniaInvestment salesNewsRetailers

Westside Retail Arranges $8.2 Million Sale of Freestanding Retail Building in Southern California

by Alex Tostado

Culver City, Calif. — Westside Retail has arranged the sale of a freestanding retail building, located at 4411 Sepulveda Blvd. in Culver City. Tova Capital Inc. acquired the asset from Drucker Living Trust for $8.2 million, or approximately $680 per square foot. Samy’s Camera occupies the 12,054-square-foot building. Originally built in 1989 by the owner and operator of Allied Model Trains, the building’s architecture is a replica of the historic Los Angeles Union Train Station. Mark Einbund and Marc Pollock of Westside Retail represented the seller, while Daniel Pickard of …

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CaliforniaInvestment salesNewsRetailers

Capstone Advisors Disposes of Sabre Springs Plaza Retail Center in San Diego for $6.8 Million

by Alex Tostado

San Diego — An affiliate of Capstone Advisors has completed the sale of Sabre Springs Plaza, a retail center in San Diego’s Sabre Springs community. A Southern California-based private investor acquired the property for $6.8 million. Located at the intersection of Poway Road and Springbrook Drive, the asset features 15,038 square feet of retail space. Phil Voorhees of CBRE’s National Retail Partners – West represented the seller, while Gary Stache of CBRE represented the buyer in the deal. Capstone Advisors has owned and operated the retail center since it acquired …

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