DALLAS — JLL has arranged an undisclosed amount of financing for The Quad, a 500,000-square-foot office and retail property in Uptown Dallas. Completed last year, The Quad consists of two office buildings and six retail/restaurant buildings, as well as an acre of communal outdoor space. Colby Mueck and Greg Napper of JLL arranged the five-year loan through accounts managed by global investment firm KKR. The borrower was Stream Realty Partners.
CORPUS CHRISTI, TEXAS — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi. The center was 96 percent leased at the time of sale to tenants such as Dollar Tree, Ferguson Home, Freedom Fitness and Physicians Premier ER. David Disney and Adam Crockett of DIG represented the seller, LRIC Properties, in the deal and procured the buyer, Harkinson Investment Corp. The sale included 4.7 adjacent, undeveloped acres.
CAMAS, WASH. — Forging Union LLC has acquired a multi-tenant retail strip center in Camas from Hurley Development for $18.7 million. The 35,547-square-foot property is fully occupied by 15 tenants, including businesses focused on financial services, health and fitness, and food and beverage tenants with triple-net leases. The property is situated on 2.5 acres at 301 N.E. 192nd Ave. Wes Bochner of CBRE represented the buyer in the deal.
VICTORVILLE, CALIF. — Pacific Coast Commercial has arranged the purchase of a multi-tenant retail property located at 14190 Bear Valley Road in Victorville. The 11,618-square-foot asset traded for $6.1 million. Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer, while Rick Helmonds and Lance Mordachini of Progressive Real Estate Partners represented the seller in the transaction. Sunflower Bank provided acquisition financing for the deal.
SPRING, TEXAS — Locally based brokerage firm SVN | J. Beard Real Estate has arranged the sale of an 11,250-square-foot retail strip center in Spring, a northern suburb of Houston. The center is home to tenants such as Sherwin-Williams and Shogun Japanese Grill. Matt Knagg of SVN | J. Beard represented the buyer in the transaction. Austen Baldridge and Bob Conwell of NewQuest represented the seller. Both parties requested anonymity.
COBLESKILL, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged an undisclosed amount of financing for a 24,506-square-foot retail strip center in Cobleskill, located west of Albany. Shadow-anchored by Walmart, the center was 90 percent leased at the time of sale to tenants such as Dollar Tree, AT&T, Rent-A-Center, Cutting Crew Hair Salon and The Shoe Dept. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim arranged the 15-year loan through an undisclosed, Oregon-based life insurance company. The borrower is National Realty & Development Corp.
LANCASTER, CALIF. — Hanley Investment Group Real Estate Advisors has directed the sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. PacWest Management sold the property to an Orange County, Calif.-based private investor for $3.9 million. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, while Samer Khalil of Newmark represented the buyer in the deal. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space.
CHICAGO — Mid-America Real Estate Corp. has brokered the sale of the Southport Retail Collection, a portfolio of three trophy retail assets located in Chicago’s Southport Corridor. The fully leased, 20,242-square-foot portfolio sold to a private buyer. The assets are leased to Capital One Café, Tuco & Blondie and Indira Salon & Spa. Joe Girardi, Emily Gadomski and Patrick Corrigan of Mid-America represented the undisclosed seller.
SHELBY TOWNSHIP, MICH. — Hungry Habibi has signed a 1,228-square-foot lease to open at The Shops at Nottinghill Village in Shelby Township. The lease marks the fast-casual Mediterranean restaurant’s third location in Michigan. Michael Murphy of Gerdom Realty & Investment represented the landlord, Beztak Properties. Zoran Saveski of Esoteric Realty represented the tenant.
JACKSON, MISS. — Legacy Realty Group Advisors has arranged the sale of Westland Plaza, a 214,281-square-foot shopping center located in Jackson, for $11.8 million. Grocery Depot anchors the property, which is also home to a mix of additional tenants including Planet Fitness, Family Dollar, Hibbett Sports, Rent-A-Center, Rainbow Shops and City Gear. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the transaction. Beezie Landry and Justin Langlois of Stirling Investment Advisors represented the seller. Both parties requested anonymity.
