BROWNSVILLE, TEXAS — Marcus & Millichap has arranged the sale of Resaca Village, a retail power center located at 1601 E. Price Road in Brownsville. MIMCO acquired the 173,667-square-foot property for an undisclosed price. At the time of sale, the property was 96 percent occupied by Big Lots, Fallas, the University of Texas at Brownsville, CSL Plasma, Harbor Freight Tools, Family Dollar and Tuesday Morning. The asset was constructed in 1974 and 1994 and renovated in 2005 and 2014. Philip Levy of Marcus & Millichap represented the seller, an Austin-based partnership, in the deal.
Retail
DALLAS — JLL has brokered the sale of the former John Roberts BMW retail property located at 2536 Forest Lane in Dallas. AutoNation Luxury Imports Ltd. sold the 96,557-square-foot property, including its 6.2-acre land parcel, for an undisclosed sum. Clay Smith, Mark Newman and Katie Carlisle of JLL represented the seller, while Mark Adame of Joe Adame & Associates Inc. represented the undisclosed buyer in the transaction.
HOUSTON — NorthMarq Capital has secured refinancing for Beechnut Tiendas, a retail center located in Houston. Warren Hitchcock of NorthMarq Capital arranged the financing through a life insurance company for the undisclosed borrower. Pollo Campero, Supermercado Teloloapan, T-Mobile and Shipley Do-Nuts occupy the 18,995-square-foot property.
BARBOURSVILLE, W.VA. — Field & Stream, an outdoors specialty store owned and operated by Dick’s Sporting Goods, plans to open a new store in Huntington Mall in Barboursville. The new store will be situated adjacent to an existing Dick’s Sporting Goods and together the two retailers will occupy 100,000 square feet on the west side of the 1.5 million-square-foot mall, which is located off Route 60 and I-64. Niles, Ohio-based Cafaro Co. owns the mall and inked the lease for the new Field & Stream, which is slated to open in the fall of 2017.
CONCORD, CALIF. — A joint venture between Long Market Property Partners LLC and Paragon Commercial Group LLC has acquired Shops at Todos Santos, a full city block of retail located in downtown Concord, for an undisclosed price. The 40,000-square-foot property is fully occupied by tenants including Peet’s Coffee, The Old Spaghetti Factory, CREAM Inc., Capriotti’s, Bollinger Nail Salon, Naan ’n’ Curry, Half Price Books and Chevron. Forrest Gherlone, Mike Zylstra, Keith Marr and Zachary LeBeouf of Newmark Cornish & Carey handled the disposition on behalf of the seller, an undisclosed private family.
SAN DIEGO — NAI San Diego has arranged the sale of a retail/office property located at 2176-2180 Chatsworth Blvd. in San Diego’s Ocean Beach/Point Loma neighborhood. Fig Tree LLC acquired the 10,000-square-foot property from Wilson Trust for $2.2 million. Built in 1943, the property is currently occupied by a gym/martial arts studio, an English-style tea shop, an acupuncturist, nail and hair salons, a real estate office and a residential unit on the upper floor. Michael Glickstein of NAI San Diego represented the seller in the transaction.
WOODSTOCK, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of a 13,915-square-foot multi-tenant retail center in Woodstock for $1.8 million. The retail center is located at 11620 Catalpa Lane. The property is 80 percent occupied by national and regional tenants including Great Clips, Benjamin F. Edwards & Co., Anytime Fitness and Lucky Bernie’s. Chad Firsel of Quantum Real Estate Advisors represented the seller, a Chicago-based investment group. A private real estate investor based in the northern suburbs of Chicago was the buyer.
ST. LOUIS, MO. — Hilliker Corp. has brokered the sale of a 5,000-square-foot retail property at 1716 S. Broadway in the Soulard area of St. Louis for $400,000. Grateful Pets purchased the property for its daycare facility, pet training area and grooming room. Rebecca Suen of Hilliker Corp. represented the buyer. Dan Lesinski and Brandon Wappelhorst of Sansone Group represented the seller, 1716 S. Broadway LLC.
NEW YORK CITY — Cushman & Wakefield has arranged the sale of a mixed-use multifamily asset located at 59 Thompson Street in Manhattan’s SoHo neighborhood. Veracity Equities acquired the property from Whistlepig Associates for $21.5 million, or approximately $1,315 per square foot. The six-story, 15,918-square-foot building comprises two ground-floor commercial units and 34 residential apartments. Of the residential units, 27 are free market and seven are subject to rent stabilization. Robert Burton and Keegan Mehlhorn of Cushman & Wakefield brokered the all-cash transaction.
HOUSTON — NorthMarq Capital has arranged refinancing for Northville Plaza, a retail property located in Houston. Mattress One, Tile Max and Allstate occupy the 14,400-square-foot property. Warren Hitchcock of NorthMarq Capital’s Houston office arranged the non-recourse, 15-year fixed-rate loan on behalf of the undisclosed borrower.