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Inman Grove Shopping Center
Investment salesNew JerseyNews

Goldstein Group Arranges $24 Million Sale of Inman Grove Shopping Center in New Jersey

by Abby Cox

Edison, N.J. — Locally based The Goldstein Group has arranged the $24 million sale of Inman Grove Shopping Center, a 120,000-square-foot shopping center located in Edison. The center is home to a mix of tenants including Taco Bell, Wells Fargo, Ivy Rehab, Planet Wings, Allstate, Dunkin’ Donuts, CSL Plasma, Subway, The UPS Store, Verizon Wireless, Dairy Queen, Vino Sandro Liquors and the Discovery Montessori School. Originally built in 1988, the center sits on nearly 14 acres, according to LoopNet. CJ Huter, Lew Finkelstein, Vice President, Marc Palestina and Roy Paret …

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Dutch Bros Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $2.6 Million Sale of Single-Tenant Retail Property in El Centro, California

by Abby Cox

El Centro, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $2.6 million sale of a single-tenant retail building located in El Centro. Dutch Bros Coffee occupies the drive-thru property on a 15–year, absolute triple-net-lease with 10 percent rental increase every five years. Formerly a Wendy’s fast-food restaurant, the 2,411-square-foot building was originally built in 1988. Situated on an outparcel to a Vons-anchored retail center, nearby tenants include Smart & Final Extra!, Dollar General Market, Costco, Lowe’s, Target and Ashley Furniture. Bill Asher, Jeff Lefko and Beau Velten …

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Company newsEntertainmentNewsVirginia

Lucky Strike Entertainment Buys 58 Existing Locations for $306 Million 

by Abby Cox

Richmond, Va. — Richmond, Virginia-based Lucky Strike Entertainment, operator of bowling alleys and entertainment venues, has purchased 58 of its existing locations for $306 million. The deal aims to reduce annual rent obligations, while eliminating the risk of future lease inflation, say company representatives. Lucky Strike will continue to operate each of the locations after the deal closes. The transaction was financed through a $230 million bridge facility under Lucky Strike’s revolving credit line, as well as cash on hand. Spanning 16 states, the 58-property portfolio includes locations in California, …

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The District at Green Valley Ranch
DevelopmentLeasingMixed-useNevadaNews

Vestar Completes $3 Million Renovation of The District at Green Valley Ranch in Las Vegas

by Abby Cox

Las Vegas — Vestar has completed the $3 million renovation of The District at Green Valley Ranch, a 385,000-square-foot mixed-use development in Las Vegas. Developed in 2004 and 2005, the renovation project included upgraded signage, refurbished pylons and monuments, enhanced lighting with new fixtures, refreshed paint and improved landscaping, as well as remodeled storefronts, parking areas and entryways. Vestar has also secured a partnership with upscale home goods retailer Pottery Barn, a tenant at the center, to bring higher-quality outdoor furniture to the development’s communal spaces.   The District is currently …

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Manchester Square
GeorgiaGrocery-anchoredInvestment salesNews

Legacy Realty Group Arranges Sale of 174,459-Square-Foot Shopping Center in Columbus, Georgia 

by Abby Cox

Columbus, Ga. — Legacy Realty Group has arranged the sale of Manchester Square, a 174,459-square-foot shopping center located in Columbus. Situated at the intersection of Woodruff Farm and Milgen roads, Food Depot anchors the property. Other tenants include Ollie’s Bargain Hunt, O’Reilly Auto Parts, Planet Fitness, Subway, T-Mobile, H&R Block, Unlimited Wireless, Peluso’s Italian Restaurant and Rainbow Fashions. Built in 1988, the property sits on 22 acres. Jacob Baruch, Jonah Warshaw and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller, Arkansas-based CORE Equity Partners, in …

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South Creek Collection
Investment salesMississippiNews

Cushman & Wakefield Commercial Advisors Negotiates Sale of South Creek Collection Near Memphis, Tennessee 

by Abby Cox

Southaven, Miss. — Cushman & Wakefield has negotiated the sale of South Creek Collection, a 26,612-square-foot retail center located in the Memphis suburb of Southaven, roughly 14 miles south of the Tennessee border. Situated at 7090 Malco Blvd., the center was built in 1999 and sits on nearly 20 acres. Tenants at the property include Once Upon A Child, Edible Arrangements, Envy Nails and Baskin Robbins. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the buyer, an entity doing business as KAG3 Southaven Real Estate LLC, …

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Sheridan Village Center
FloridaInvestment salesMixed-useNews

Perkins Realty Management Acquires Sheridan Village Center in Florida for $15.5 Million

by Abby Cox

Pembroke Pines, Fla. — Perkins Realty Management has acquired Sheridan Village Center, a 64,311-square-foot mixed-use retail and self-storage property located in Pembroke Pines, for $15.5 million. The property comprises 29,331 square feet of ground floor retail space, as well as a 419-unit self-storage facility that totals 35,000 square feet. The retail portion of the center was 93 percent leased to tenants including Memorial Healthcare System, Dunkin’ Donuts and Momo Relaxation at the time of sale. The self-storage component spans two upper floors above the Eastern retail strip and features climate-controlled …

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The Oaks of Oak Brook
IllinoisInvestment salesNews

Mid-America Real Estate Brokers Sale of 67,146-Square-Foot Retail Center in Oak Brook, Illinois

by Abby Cox

Oak Brook, Ill. — Mid-America Real Estate Corp. has brokered the sale of The Oaks of Oak Brook, a 67,146-square-foot retail center located in the Chicago suburb of Oak Brook. The property was 98 percent leased to tenants including Athletico, Activate Games, NxStage Kidney Care, Blackberry Market, Erik’s Bike Board & Ski and OrthoLazer at the time of sale. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Newport Capital Partners, in the transaction. The property sold to a private buyer.

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Wyoming Mall
Investment salesNew MexicoNews

Westwood Financial Sells Wyoming Mall in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — Los Angeles-based Westwood Financial has sold Wyoming Mall, a 51,713-square-foot retail center in Albuquerque. Walmart Supercenter anchors the property, which was 96 percent leased at the time of sale. Other tenants include Raising Cane’s, Starbucks Coffee, Krispy Kreme, Dollar Tree, Great Clips and Chick-fil-A. The Chick-fil-A outparcel at the property was not included in the sale. Curbline Properties Corp. was the buyer.

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Trilith Live
Architecture and DesignDevelopmentEntertainmentGeorgiaNewsRestaurantsRetailers

Trilith Development to Complete 530,000-Square-Foot Live Entertainment Complex in Fayetteville, Georgia

by Abby Cox

Fayetteville, Ga. — Trilith Development plans to soon complete Trilith Live, a 530,000-square-foot live entertainment complex at the Town at Trilith, a 235-acre master-planned community in Fayetteville within south metro Atlanta. Designed to host concerts, performing arts, rehearsals, live audience productions, conventions, corporate events and banquets, Trilith Live is scheduled to open to the public by the end of the year. The project will include a 2,200-seat theater, two 25,000-square-foot sound stages (now open), multiple insert stages, a luxury cinema, production suites, meeting rooms and more than 120,000 square feet …

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