Hanley Investment Arranges $2.4 Million Sale of Ground Lease in Palm Desert
Palm Desert, Calif. — Hanley Investment Group has arranged the sale of a single-tenant Bank of America corporate ground lease in Palm Desert.
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Lucescu Realty Arranges Financing of Huntington Oaks Center in California for $71 Million
Monrovia, Calif. – The financing package replaced a $51 million mortgage from Wachovia Bank.
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Marcus & Millichap Brokers $11.1 Million Sale of Boca Raton Shopping Center
Boca Raton, Fla. – Addison Court Shoppes’ tenant roster includes Starbucks Coffee, Offerdahl’s, a salon, a drycleaner and Kee Grill.
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Faris Lee Completes $22 Million Sale of Watson Marketplace near Phoenix
Buckeye, Ariz. – The transaction closed at a 6.8 percent cap rate.
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Phillips Edison & Company Buys Metro Boston Retail Portfolio for $52.8 Million
Boston – Three of the four properties in the portfolio are anchored by Shaw’s supermarkets.
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HFF Secures $50.6 Million for Refinancing of 6-Property New England Retail Portfolio
Boston – The properties in the portfolio are 97.7 percent leased to tenants that include Trader Joe’s, CVS Pharmacy, Rite Aid, Starbucks, Panera Bread, Chipotle Mexican Grill, Bank of America and Dunkin’ Donuts.
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Faris Lee Brokers $11.5 Million Receivership Sale of Las Vegas Shopping Center
Las Vegas – Spring Valley Town Center was 92 percent occupied at the close of escrow.
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Montclair Town Center Sells for $15.89 Million
Montclair, Calif. – The center is comprised of 27 tenants and situated on 9.67 acres.
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Avalon Receives $126.5 Million in Construction Financing
Alpharetta, Ga. — The $600 million Avalon will hold its grand opening in October 2014.
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Staenberg Group Buys Southwest Plaza for $45.2 Million
Springfield, Ill. — Charles Robbins Realty Co. sold the 368,000-square-foot property.
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