JACKSONVILLE, FLA. — Jacksonville Beach, Fla.-based Walchle Lear Multifamily Advisors has brokered the $33.4 million sale of the 440-unit The Eastport, located at 11701 Palm Lake Dr. in Jacksonville. Walchle Lear represented the seller in the transaction.
GROVELAND, FLA. — Marcus & Millichap has arranged the $9.1 million sale of the 65,751-square-foot Eagle Ridge Shoppes, located at 7975 State Road 50 in Groveland. Sonny Molloy of Marcus & Millichap's Atlanta office represented Groveland Associates, the seller, in the transaction and Kirk Olson and Drew Kristol of the firm's Miami office represented the buyer, a Miami-based private equity group. Publix anchors the center, which is approximately 80 percent leased.
HOUMA, LA. — Jones Lang LaSalle has negotiated the $8.5 million sale of the 98,586-square-foot Houma Power Center, located at 1550 Martin Luther King Blvd. in Houma. Old Navy, Michaels and Burke's anchor the center, which is fully leased. Kris Cooper and Margaret Caldwell of Jones Lang LaSalle's Atlanta office represented Kimco Realty Corp., the seller, in the transaction. The buyer was New Orleans-based Property Management Group.
CHESAPEAKE, VA. — Cushman & Wakefield — Thalhimer has brokered the $1.12 million sale of a 9,000-square-foot retail property, located at 4124 Chesapeake Square Blvd. in Chesapeake, which was formerly Paradocks Restaurant. Andy Stein of Cushman & Wakefield — Thalhimer's Virginia Beach, Va., office represented Bank of the Commonwealth, the seller, in the transaction, and Troy Parker of the same off represented the buyer, T2 Chesapeake Square, who is redeveloping the property for retail use.
JACKSONVILLE, FLA. — Grandbridge Real Estate Capital has arranged a $72 million, first mortgage loan for the 1,112-unit Paradise Island, located at 878 Southside Blvd. in Jacksonville. Taylor Williams of Grandbridge's Jacksonville office arranged the 7-year loan, which is interest-only for the first 2 years and then amortizes on a 30-year schedule, through Freddia Mac's CME Early Rate Lock.
ROYAL OAK, MICH. — Marcus & Millichap has arranged the $12.3 million sale of a 45,000-square-foot LA Fitness, located at 25352 Woodward Ave. in Royal Oak. Mark Thiel of Marcus & Millichap's San Diego office represented the buyer, a Southern California-based private family trust. LA Fitness' triple-net lease extends through September 2030.
NEENAH, WIS. — NAI MLG Commercial has negotiated the sale of a 83,100-square-foot warehouse, located at 2411 Industrial Dr. in Neenah. Steven Boysa of NAI MLG Commercial's Appleton, Wis., office represented Outlook Group Corp., the seller, in the transaction. The buyer was Baitan Enterprises.
ROMULUS, MICH. — DHL Global Forwarding has signed a 100,000-square-foot industrial lease renewal, located at 11400 Metro Airport Center Dr. in Romulus. Brad Viergever and Mark Hamway of Southfield, Mich.-based Signature Associates represented IAC Metro, the landlord, in the lease transaction.
RAHWAY, N.J. — A private investor has purchased the 136-unit River Place at Rahway, a multifamily property located at 190 Lewis St. in Rahway, for $26.25 million. Joseph Brecher and David Schwarz of Livingston, N.J.-based Gebroe-Hammer Associates represented the seller, a New Jersey-based builder and developer, and procured the buyer.
YONKERS, N.Y. — New York City-based Time Equities has purchased the 10,000-square-foot 180 McLean Avenue, a retail property in Yonkers (currently leased to Duane Reade) for $3.45 million. Time Equities was self-represented by Amy Ziff, and Gelcor Real Estate and CB Richard Ellis represented the undisclosed seller.
