REBusinessOnline

Disney Investment Group Brokers Sale of 70,376 SF Shopping Center in Tulsa

TULSA, OKLA. — Disney Investment Group has brokered the sale of Memorial Crossing, a 70,376-square-foot shopping center in Tulsa. Anchored by HomeGoods, Petsmart and ULTA Beauty and shadow-anchored by Costco, the center was 97 percent leased at the time of sale. Disney Investment Group represented the seller, Dallas-based Leon Capital Group, in the transaction, and procured the undisclosed

Marcus & Millichap Negotiates Sale of 19,338 SF Retail Center in Metro Austin

CEDAR PARK, TEXAS — Marcus & Millichap has negotiated the sale of The Shops at East Park, a 19,338-square-foot retail center in the Austin suburb of Cedar Park. Built in 2014 on 2.3 acres, the property was 94 percent leased at the time of sale to tenants including Blooming Dental, Master Yang’s Karate Studio and Vista Donuts. Philip Levy, Chris Gainey and Parker Yates of Marcus & Millichap represented the seller, a private investor, in the transaction. The buyer was a Dallas-based …

BrandWilson Buys 43,437 SF Retail/Office Property in California for $18.1M

GLENDALE, CALIF. — A private investor operating under the entity of BrandWilson LLC has purchased a mixed-use property located at 201 N. Brand Blvd. in Glendale. Bow Truss Capital sold the asset for $18.1 million. Warren Berzack and Slavic Zlatkin of Lee & Associates – LA North/Ventura represented the buyer, while Trevor Carl Nelson of Newmontis Real Estate Investment Management represented the seller in the deal. The historic Woolworth Building was recently renovated. The …

Marcus & Millichap Brokers $4.1M Sale of Retail Property in Milwaukie, Oregon

MILWAUKIE, ORE. — Marcus & Millichap has arranged the sale of Westwood Marketplace, a retail asset located in Milwaukie. A limited liability company sold the property to an undisclosed buyer for $4.1 million. Located at 14880 SE Webster Road, Westwood Marketplace features 14,189 square feet of retail space. Safeway anchors the property, which was 100 percent leased to long-term tenants at the time of sale. Joseph Blatner and Scott Logan of Marcus & Millichap’s Portland, Ore., …

Pete’s Fresh Market Opens at Baker Hill in Glen Ellyn, Illinois

GLEN ELLYN, ILL. — Pete’s Fresh Market has opened at Baker Hill in Glen Ellyn, about 25 miles west of downtown Chicago. The store occupies 72,397 square feet at the shopping center owned by Phillips Edison & Co. Inc. (PECO). It is the regional grocer’s 15th location in the Chicagoland area. Since 2017, PECO has executed a comprehensive redevelopment at the property in partnership with the village of Glen Ellyn. In addition to the opening of Pete’s, improvements at the property …

Gerdom Realty Arranges Sale of 23,900 SF Retail Property in Livonia, Michigan

LIVONIA, MICH. — Gerdom Realty & Investment has arranged the sale of a 23,900-square-foot retail and office property in Livonia for an undisclosed price. The two-building asset is located on Middlebelt Road between 5 Mile and 6 Mile roads. Larry Siedell, Michael Murphy and Tjader Gerdom brokered the sale. A local investor purchased the property with plans to complete an exterior renovation. Gerdom will remain as the listing

Callahan Breaks Ground on 610-Unit Multifamily Redevelopment Project Near Boston

QUINCY, MASS. — Callahan Construction Managers has broken ground on a 610-unit multifamily redevelopment project in Quincy, a southern suburb of Boston. The Bozzuto Group and Atlantic Development are redeveloping the North Quincy Station bus depot and parking lot into a three-building residential property with 45,000 square feet of retail space as well as a 1,500-spot parking garage. The residential portion of the project will be delivered over two phases with the first units expected to be …

CIM Group Sells University Center Retail Property in Fort Collins for $23.7M

FORT COLLINS, COLO. — CIM Group has completed the sale of University Center, a grocery-anchored retail property located in Fort Collins. An undisclosed buyer acquired the asset for $23.7 million. Built in 1953 and remodeled in 2004, University Center features 68,334 square feet on 6.5 acres. The property is fully leased to two tenants: a natural foods grocery chain and Wilbur’s Total Beverage. The single-story building is attached to the north end of a larger shopping center. Brad …

NAI Partners Negotiates Sale of Retail, Office Property in Metro Houston

SPRING, TEXAS — NAI Partners has negotiated the sale of Spring Stuebner Plaza, a 66,125-square-foot retail and office warehouse property located near Springwoods Village on the northern outskirts of Houston. The property was fully leased at the time of sale. Josh Lass-Sughrue and Jason Ridenbaugh of NAI Partners represented the seller, Spring Stuebner Realty Ltd., in the transaction. The buyer was an undisclosed private

Hanley Investment Group Negotiates $9.2M Sale of Two-Tenant Retail Building in Maple Grove, Minnesota

MAPLE GROVE, MINN. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a two-tenant retail building in Maple Grove for $9.2 million. Bank of America and Crave American Kitchen & Sushi Bar occupy the newly built property, which is situated at the intersection of Elm Creek Boulevard and Main Street. Jeff Lefko and Bill Asher of Hanley represented the seller, OneCorp. Jim Batlle of Coldwell Banker Commercial NRT represented the buyer, a California-based private …

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