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Shopping centers: deals – page 10
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Brixton Picks Up 106K-SF Las Vegas Retail CenterBrixton Capital acquired the Las Palmas Village shopping center from Cop Group for $29.4 million in an off-market transaction. Located at 445 E. Windmill Ln. in Las Vegas, the 106,838-square-foot, grocery-anchored shopping center is 95% occupied.
Saks Global Sells Scarsdale Retail Center to Sagehall for $80MSaks Global is officially in fire-sale mode.
Progressive Real Estate Partners Brokers Sale of 11,720 SF Retail Center in Pomona, CaliforniaPOMONA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Valley Plaza, a multi-tenant retail property located at 2407 Valley Blvd. in Pomona. A private investor acquired the asset for $2.6 million from a private investor.
Vornado Taking 49% Stake in Fisher Brothers’ Park Avenue PlazaVornado Realty Trust said Tuesday it has agreed to purchase a 49% interest in Park Avenue Plaza from Closer Properties at a gross asset valuation of $1.1 billion, a significant discount to replacement cost.
Representative imageMahoney & Associates Arranges $37.5M Sale of Carmel Rancho Shopping Center in CaliforniaCARMEL-BY-THE-SEA, CALIF. — Mahoney & Associates has arranged the sale of Carmel Rancho Shopping Center, a retail center in Carmel-by-the-Sea. Montage Health acquired the asset for $37.5 million.
Representative imageJLL Negotiates Sale of 105,869 SF Shopping Center in Southeast HoustonHOUSTON — JLL has negotiated the sale of Fairmont Preston Plaza, a 105,869-square-foot shopping center in southeast Houston. Built in 1974 and renovated in 2016, Fairmont Preston Plaza was 89 percent leased at the time of sale.
Marcus & Millichap Brokers $8.4M Sale of Retail Center in Metro JacksonvilleMIDDLEBURG, FLA. — Marcus & Millichap has brokered the $8.4 million sale of a 17,400-square-foot retail center located in Middleburg, roughly 26 miles southwest of downtown Jacksonville. Situated at 1690 Jeremiah St.
Representative imageCBRE Negotiates $7.1M Sale of Retail Center in Fresno, CaliforniaFRESNO, CALIF. — CBRE’s Retail Investment Properties – West has directed the sale of Shops at The Marketplace at El Paseo in Fresno. A private investor acquired the asset from an undisclosed seller for $7.1 million.
Fund Acquires Shopping Center on Florida’s Space Coast for $16MMERRITT ISLAND, FLA. — A tenancy-in-common (TIC) entity including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square on Florida’s Space…
Brixton Capital Returns to Las Vegas with $29.4M Acquisition of Las Palmas Village Shopping CenterLAS VEGAS — Brixton Capital has purchased Las Palmas Village, a shopping center at 445 E. Windmill Lane in Las Vegas, from Australia-based Cop Group for $29.4 million in an off-market transaction.
Lucescu Realty Negotiates $38.6M Sale of Peccole Plaza Shopping Center in Las VegasLAS VEGAS — Lucescu Realty has arranged the sale of Peccole Plaza, a shopping center in Las Vegas. Peccole Enterprises sold the asset to a privately held, Las Vegas-based development and investment company for $38.6 million.
Progressive Real Estate Brokers $13.5M Sale of Multi-Tenant Retail Center in Walnut, CaliforniaWALNUT, CALIF. — Progressive Real Estate Partners has negotiated the sale of The Shops at Walnut Hills Plaza, a fully leased shopping center located at 18718-18766 Amar Road in Walnut.
Representative imageNewmark Brokers Sale of 54,264 SF Renton Highlands Shopping Center in WashingtonRENTON, WASH. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center at the intersection of 4110 and 4250 N.E. 4th St. in Renton. Terms of the transaction were not disclosed.
Representative imageCBRE Brokers Sale of 96,946 SF Shopping Center in Casselberry, FloridaCASSELBERRY, FLA. — CBRE has brokered the sale of Casselberry Square, a 96,946-square-foot shopping center located at the intersection of State Road 436 and Red Bug Lake Road in Casselberry, a suburb of Orlando.
JLL Negotiates Sale of 851,457 SF Retail Power Center in Allen, TexasALLEN, TEXAS — JLL has negotiated the sale of an 851,457-square-foot retail power center in Allen, a northeastern suburb of Dallas. The Village at Allen sits on an approximately 110-acre site and was 89 percent leased at the time of sale. Tenants include T.J.
Colliers Arranges Sale of 100-Unit Multifamily Property in MinneapolisColliers completed the sale of Anderson Plaza Apartments, a 100-unit multifamily community located at 1800 NE Garfield Street in Minneapolis. Developed in 1963 and family-owned since its inception, this transaction marks the first time the asset has changed ownership.
Brinkman Real Estate, ATLAS Capital Buy 123-Unit Apartment Community in Cheyenne, WyomingCHEYENNE, WYO. —Brinkman Real Estate, in partnership with ATLAS Capital Partners, has acquired Pointe Plaza Apartments in Cheyenne for an undisclosed price. Constructed between 2017 and 2022, Pointe Plaza features 123 apartments at 6714 Faith Drive.
Sterling Buys 1.2M-SF Allen Retail CenterSterling Organization, through one of its proprietary funds, purchased a 1.2-million-square-foot retail in Allen. A JLL Capital Market’s investment sales and advisory team, led by Chris Gerard, Barry Brown and Erin Lazarus, represented the sellers, DLC Management Corp.
Representative imageCIM Group Sells 177,434 SF Shopping Center in North DallasDALLAS — Los Angeles-based investment and development firm CIM Group has sold Best Buy Plaza, a 177,434-square-foot shopping center located in North Dallas.
Crow Acquires Highland Park Shopping CenterDunhill Partners sold The Shops at Mockingbird, a retail center located at 4550 West Mockingbird Lane in Dallas, Texas. The property has been acquired by a Crow Holdings Capital real estate fund.