SUPERIOR, COLO. – The Superior Marketplace is set to receive two new tenants. Sears Home Appliance will occupy 5,267 square feet, while Weight Watchers will lease 1,325 square feet. Sears was represented by Mike Quinlan of Newmark Knight. Weight Watchers was represented by Lisa Vela of Colliers’ Denver office. Superior’s owner, Brixmor Property Group, was represented in-house by Paul Sheppard.
BOSTON — General Growth Properties has sold the Faneuil Hall Marketplace, located at 4 S. Market Building, Fifth Floor in Boston, for $140 million. The 208,000-square-foot retail development includes 104 staple restaurants, shops, exhibits and cafes.
GROVELAND, FLA. — Marcus & Millichap has brokered the $9.1 million sale of the 65,751-square-foot Eagle Ridge Shoppes, a shopping center anchored by Publix at 7975 State Rd. 50 in Groveland. Daniel Molloy of Marcus & Millichap's Atlanta office represented the seller, Groveland Associates, and Kirk Olson and Drew Kristol of Marcus & Millichap's Miami office represented the buyer, Coral Gables, Fla.-based Fraga Properties.
PORT ST. LUCIE, FLA. — Atlantic/Pacific Companies has acquired 21.1 acres of land on Village Parkway in Port St. Lucie to develop a Class A multifamily community. The 252-unit apartment development is slated to be known as Grande Palms at Tradition.
COLUMBIA AND SUMTER, S.C. — A 14,560-square-foot Walgreens property, located at 4469 Devine St. in Columbia, has sold for $3.3 million, and a 12,728-square-foot Rite Aid property, located at 375 Pinewood Rd. in Sumter, has sold for $2.65 million. Lori Schneider of Marcus & Millichap's Fort Lauderdale, Fla., office brokered the transactions.
FREDERICK, MD. — NorthMarq Capital has arranged $7.5 million in first mortgage financing for the 130,000-square-foot The Home Depot, located on West Patrick Street in Frederick. Deanna Polizzo and Ernest DesRochers of NorthMarq's New York City office arranged the financing with a 20-year term and a 20-year amortization schedule through ING Investment Management on behalf of the borrower, Golden Mile Real Estate. The Home Depot anchors the 602,000-square-foot Frederick Towne Mall, along with Boscov's Department Store and Hoyt Cinema.
ATLANTA — Toronto-based Avison Young has assumed the property management and leasing portfolio of four Atlanta area developments totaling 600,000 square feet from Atlanta-based Barry Real Estate Cos. The properties include 30 Allen Plaza, Lenox Plaza, Lenox Center and 2045 Peachtree. Avison Young will also relocate its Southeastern offices to 30 Allen Plaza.
CONNERSVILLE, IND. — Carbon Motors Corp. has commenced refurbishing the Carbon Campus facility in Connersville. Shook Construction has been selected to lead construction efforts, and Moody Nolan has designed the renovation.
CHICAGO — NorthMarq Capital has arranged $8.3 million in first mortgage financing for an eight-story office building, located at 626 W. Jackson in Chicago. Jeff Cherner and Rup Patel of NorthMarq's Chicago office arranged the financing with a 5-year term and a 25-year amortization schedule through First Merit Bank on behalf of the borrower, an affiliate of Chicago-based Sterling Bay Cos. The property is currently 100 percent leased.
AVON, OHIO — The Richard E. Jacobs Group has sold a retail location leased to AutoZone in Avon for $1.02 million. Mark Luttner of Luttner Real Estate Investment Services represented the seller in the transaction.