DURHAM, N.H. — Locally based investment firm Torrington Properties has acquired Mill Road Plaza, a 53,280-square-foot shopping center in Durham, about 70 miles north of Boston, for $8.8 million. Grocer Hannaford anchors the center, which sits on 10 acres. Other tenants include Allegiant Physical Therapy, Appledore Family Medicine & Pediatrics, Domino’s Pizza, Mei Wei, Rite Aid and The Works Café. The seller was Colonial Durham Associates. David Choate and Abigail Bachman of Colliers brokered the deal.
MIAMI — Marcus & Millichap has brokered the $6.7 million sale of a freestanding store in west Miami that is leased to Walgreens. The 13,650-square-foot store is located on a 1.4-acre parcel at 16690 SW 88th St. and is an outparcel to Kendall Pointe, a shopping center anchored by Aldi and PetSmart. Built in 2004, the store is subject to a new 15-year triple-net lease with Walgreens. Jonathan De La Rosa and Eduardo Toledo of Marcus & Millichap’s Miami office represented the buyer, a local private investment firm, in the transaction. The seller was also not disclosed.
CARROLLTON, TEXAS — Senior Living Investment Brokerage (SLIB) has negotiated the sale of an unnamed, 62-unit assisted living and memory care complex in Carrollton, a northern suburb of Dallas. The property totals approximately 40,000 square feet and sits on a 3.6-acre plot. The seller was a private equity group. The Dallas-based buyer was a private investment group that partnered with a local operator. Both parties requested anonymity. Matthew Alley and Jeff Binder of SLIB brokered the deal.
ISLIP, N.Y. — New York City-based Eagle Cliff Real Estate Partners has purchased an eight-acre industrial development site located at 4955 Veterans Memorial Highway in the Long Island community of Islip. Eagle Cliff plans to construct a 108,023-square-foot building that will be known as Holbrook Logistics Center and that will clear height of 36 feet, two drive-in doors and 108 parking spaces. Delivery is slated for the third quarter of 2024. Jordan Avanzato, Marc Duval, Nicholas Stefans, Jason Lundy, Jose Cruz and Mark Belenky of JLL brokered the land deal. The seller was an undisclosed local developer. First Citizens Bank provided $19.5 million in construction financing for the deal.
OMAHA, NEB. — Marcus & Millichap has arranged the sale of a 5,412-square-foot retail property in Omaha for $3.6 million. Constructed in 2021, the building is home to Bank of the West and Dave’s Hot Chicken and is located at 339 N. Saddle Creek Road. Brennan Clegg, Mark Ruble and Chris Lind of Marcus & Millichap represented the seller, a limited liability company. Buyer information was not provided.
WINTHROP HARBOR, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of a single-tenant retail property occupied by Dollar General in Winthrop Harbor, a city in Northeast Illinois. The sales price was undisclosed. The building was constructed in 2013 and is located at 914 Sheridan Road. Dollar General signed a 15-year lease in 2013. Daniel Waszak of Quantum represented the buyer, a New York-based investor. An Illinois-based investor was the seller.
POTTSTOWN, PA. — CBRE has brokered the $5.2 million sale of a 60,000-square-foot industrial property in Pottstown, a northwestern suburb of Philadelphia. Built in 2000, the facility sits on a 10.3-acre site within Pottstown Industrial Park. Stephen Marzullo, Adam Silverman and Paul Touhey of CBRE represented the seller, an entity doing business as Wynnestay LLP, in the transaction. A subsidiary of TMC Properties LLC purchased the asset, which was fully leased at the time of sale to Eastwood Co., an e-commerce firm in the automotive space, for an undisclosed price.
NEW YORK CITY — Locally based brokerage firm GFI Realty Services has negotiated the $3.2 million sale of a 23-unit multifamily building located in the Midwood area of Brooklyn. Built in 1928, the property consists of four studios, 11 one-bedroom apartments, seven two-bedroom units and one three-bedroom apartment. Matthew Sparks of GFI Realty represented the seller, Santa Rosa Realty, in the transaction. Moshe Goldberger, also with GFI Realty, represented the buyer, Aida Abba Realty.
PHOENIX — Whitestone REIT has acquired Arcadia Towne Center, a 70,000-square-foot retail center in Phoenix, for $25.3 million. A Safeway, not included in the sale, anchors the center. Tenants at the property include CVS/pharmacy, Tutor Time, Mathnasium, Over Easy, Sole Ports and Puff & Fluff Grooming. The seller was not disclosed.
MADRAS, ORE. — Marcus & Millichap has arranged the sale of Mountain View RV & Mini Storage in Madras. The original developers sold the 49,675-square-foot self-storage facility to an out-of-state buyer for $6 million. It features 358 self-storage units. The asset was constructed in two phases in 2020 and 2022 at 2086 NW Andrews Drive. The successful sale highlights the ongoing demand and investment opportunities in the self-storage sector, according to Marcus & Millichap. Christopher Secreto and Samuel Olson of Marcus & Millichap’s Seattle office exclusively listed and marketed the property on behalf of the sellers.