HAZLET, N.J. — CBRE has arranged the sale of Kmart Plaza, a retail center located in Hazlet. Goodrich Hazlet LLC, an affiliate of Goodrich Management, sold the property to Onyx Equities for $26.2 million. The 203,912-square-foot retail property is occupied by Kmart, Bank of America, TGI Friday’s, GNC, GameStop and Payless Shoes. At the time of sale, the property was 71 percent occupied. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller and procured the buyer.
NEW YORK CITY — Meridian Capital Group has arranged $14.4 million in permanent financing for the refinance of a mixed-use property located at 156 Prince St. in SoHo. The five-year loan, provided by a balance sheet lender, features a fixed rate, 18 months of interest-only payments and a five-year extension option. Scott Assouline and Isaac Lifshitz of Meridian Capital arranged the financing for the borrower. The six-story property features 22 apartment units and two retail spaces totaling 1,100 square feet. The retail spaces are currently occupied by Techno Solutions Group Inc. and Juice Press.
SANTA CLARA, CALIF. — SVN | The Kase Group has arranged the $25.5 million sale of a 95,700-square-foot Home Depot property located in Santa Clara. Jacob Abusharkh of SVN | The Kase Group represented the undisclosed seller in the transaction. An undisclosed all-cash buyer acquired the property. The Home Depot has less than four years remaining on its lease.
SCOTTSDALE, ARIZ. — Cushman & Wakefield has arranged the $15.6 million sale of Zocallo Plaza, a 51,195-square-foot shopping center located in the Phoenix suburb of Scottsdale. The property, located within the master-planned community of Kierland, is fully occupied by tenants including Corner Bakery Café, Pella Windows, Desert Schools Credit Union and Classy Closets. Ryan Schubert and Michael Hackett of Cushman & Wakefield represented the seller, Enright Zocallo LP. The buyer was undisclosed.
LOS ANGELES — BRC Advisors has arranged the lease of a restaurant space located at 7807 Beverly Blvd. in Los Angeles. The space is located between Fairfax and La Brea near Farmers Market and The Grove. Elan Kermani of BRC Advisors represented the landlord in the transaction.
MURPHY, TEXAS — Phillips Edison Grocery Center REIT I Inc. has acquired Murphy Marketplace, a 218,598-square-foot, Sprouts-anchored shopping center located in Murphy, a suburb 25 miles northeast of Dallas. The center is home to tenants including Michaels, 24 Hour Fitness, Tuesday Morning, T-Mobile, Chick-fil-A, Einstein Bros. Bagels, Chipotle Mexican Grill, Firehouse Subs and Dunkin’ Donuts.
DALLAS AND HOUSTON — JLL has arranged the sale of CarMax-Dallas and CarMax-Houston on behalf of Thompson National Properties, an advisor of the former ownership group. Realty Income Corp. purchased both freestanding CarMax Auto Superstores for an undisclosed price. CarMax-Dallas is located at 4448 W. Plano Parkway in Plano, and CarMax-Houston is located at 19500 N. West Freeway in Houston. Both assets are triple net-leased to Richmond, Va.-based CarMax, which operates 151 used car stores in 76 markets.
CULPEPER, VA. — Cushman & Wakefield | Thalhimer has arranged the $12.5 million sale of Centre at Culpeper, a 72,878-square-foot shopping center anchored by Aldi. The property is located at 15131-15193 Montanus Drive. Built in 2006, the center was 79 percent leased at the time of sale to tenants such as Starbucks, Five Guys Burgers & Fries and Rent-A-Center. Eric Robison, Berkley Mitchell and Sharon Schmidt of Cushman & Wakefield | Thalhimer represented the undisclosed seller in the transaction.
TALLADEGA, ALA. — The Cooper Commercial Investment Group has brokered the $2.1 million sale of Talladega Plaza, a 37,981-square-foot retail center located in Talladega. The center is shadow-anchored by a Walmart Supercenter. Dan Cooper of Cooper Commercial’s Cleveland office represented the seller, a private investor based in Alabama. The buyer is a private investor based in Kansas.
NEW YORK CITY — Eastern Consolidated has arranged the sale of a mixed-use building located at 124 Chambers St. in Tribeca. Lahaina Management Co. sold the 10,400-square-foot building to a private investor for $7 million. The six-story building features ground-floor retail space, which is currently leased to a restaurant, and five floor-through residential loft units. Martin Ezratty and Chris Matousek of Eastern Consolidated represented the seller, while Brandon Eisenman of RKF represented the buyer in the deal.