ORLANDO, FLA. — The Shopping Center Group (TSCG) has arranged the $15.5 million sale of Mariner’s Village, a 133,400-square-foot shopping center located in Orlando. The center is currently 92 percent occupied and is anchored by Winn-Dixie, LA Fitness and Walgreens. Anthony Blanco of TSCG represented the seller, an affiliate of Madison Marquette, in the transaction. South American Investment Group acquired the property.
NORTH FORT MYERS, FLA. — Venture Commercial Real Estate has brokered the $4.5 million sale of a 23,104-square-foot retail building in North Fort Myers fully leased to Northern Tool + Equipment. The building is located at 14571 N. Cleveland Ave. Clay Mote of Venture Commercial represented the seller, DRW Partnership LLLP, in the transaction. The buyer, Realty Income Properties 6, was self-represented.
ATLANTA — Three new restaurants have signed on at Peachtree Center, a mixed-use campus comprising six high-rise buildings in downtown Atlanta. Tin Lizzy’s Cantina and Gus’s World Famous Fried Chicken recently opened locations at Peachtree Center, and Panbury’s Double Crust Pies will open a new eatery there this fall. JLL brokered the lease transactions on behalf of Peachtree Center’s owner, Banyan Street Capital.
HAYWARD, CALIF. — ROIC California LLC, a subsidiary of Retail Opportunity Investments Corp., has acquired Jackson Square, located at the southwest corner of West Jackson Street and Amador Street in Hayward. Terramar Retail Centers LLC sold the property for $32.5 million. The fully occupied, 114,220-square-foot retail center is anchored by Safeway, CVS and 24 Hour Fitness. Additional in-line tenants include Starbucks Coffee, Chase Bank, Round Table Pizza and Patelco Credit Union. Dan Wald, Eric Kathrein and Justin Sharp of DTZ represented the seller in the transaction.
FREDERICKSBURG, TEXAS — Terra Verde Group, in a partnership with Wheelock Street Capital, has acquired Boot Ranch, a 2,052-acre master-planned community located in Fredericksburg, from Lehman Brothers. The acquisition includes estate and cabin home sites, a 55,000-square-foot clubhouse and village complex, a 4.5-acre pool and sports campus, an 18-hole golf course, a 34-acre golf practice park and a par-3 course. The new ownership group plans a regional marketing outreach for the property. Additional amenity enhancements are scheduled for 2016.
GARLAND, TEXAS — Baceline Investments, a private equity real estate investment and management company, has acquired Northwest Crossing, a single-story shopping center in Garland. Baceline purchased the 33,336-square-foot property for $3.4 million. Located at 1250 Northwest Highway, the retail center was acquired in line with Baceline’s value-add acquisition strategy. The primary tenants at Northwest Crossing include Cricket Wireless, Metro PCS and Little Caesars Pizza. Baceline Investments is a Denver-based company specializing in the acquisition, management and sale of shopping centers in select secondary markets.
DEL RIO, TEXAS — Marcus & Millichap has brokered the sale of Del Rio Corners, a 12,990-square-foot retail property located in Del Rio. Jason Vitorino of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a partnership. Vitorino also procured the buyer, a limited liability company. Del Rio Corners is located at 2409 Veterans Blvd., less than six miles from the Texas-Mexico border. Built in 2005, the asset is situated on 1.2 acres.
LOUISVILLE, KY. — Lincoln Property Co. Southeast has purchased the newly built Jefferson Commons, a 196,488-square-foot shopping center located in Louisville, on behalf of American Realty Capital-Retail Centers of America I & II, a non-traded REIT. Lincoln acquired the center from the center’s developer, GBT Realty Corp., for $36 million. The retail center’s tenant roster includes Academy Sports + Outdoors, H.H. Gregg, Michaels and Shoe Carnival.
MOUNT PLEASANT, S.C. — DSW Inc. plans to open a new 15,000-square-foot shoe store at Bowman Place in Mount Pleasant. The footwear retailer will open the store at 1122 Bowman Road on Aug. 27. Including the new location, DSW operates 453 stores in 42 states. The company also supplies footwear and accessories to 374 locations in the United States. According to DSW, the new Mount Pleasant store will supply 20,000 pairs of men’s and women’s shoes.
LITTLETON, MASS. — Rockland Trust has provided $27 million in financing to Boston-based Sam Park & Co. for the completion of the first phase of The Point, a 540,000-square-foot mixed-use project currently under construction in Littleton. Located at the intersection of Interstate 495 and Route 119, the project will feature 400,000 square feet of retail space, an entertainment complex, office space, a health club and a 115-room Courtyard by Marriott. Retail tenants will include Market Basket, Starbucks, AT&T, O’neil Cinemas, The Paper Source, Tavern in the Square and Pet Source, among others.
