WINDHAM, MAINE — Roosevelt Trail LLC has acquired a NAPA Auto Parts location in Windham for $1.35 million. The 7,930-square-foot property was delivered with a new 10.5-year absolute triple-net lease with options. NAPA has occupied the site since 1996. Bob Horvath and Todd Tremblay of Marcus & Millichap represented the buyer in the transaction. The seller was not disclosed.
Retail
COLORADO SPRINGS, COLO. – A 6,166-square-foot retail property in Colorado Springs has sold to Bahia Cypress Properties LLC for $4 million. The property is located at 1520 Briargate Blvd. It is an outparcel property of Chapel Hills Mall that is currently occupied by US Bank. The bank has 10 years remaining on the lease. Bahia was represented by Rick Puttkammer of Colliers International. The seller, W&G Company, was represented by Sam Zaitz of Legend Retail.
ESCONDIDO, CALIF. – A 9,440-square-foot retail building in the San Diego submarket of Escondido has sold to The Tabata Family Trust for $2.6 million. The building is located at 935 W. Mission Ave. The property is a single-story strip center. The trust was represented by Steve Herrington and Gregg Herrington of Real Estaters of California. The seller, R.J. Mission Plaza LLC, was represented by Don Zech and Matt Orth of CDC Commercial.
LOVELAND, COLO. – The Lids concept, Locker Room by Lids, has opened at the Promenade Shops at Centerra in Loveland. The sports apparel, headwear, accessories and novelties retailer is located between Banana Republic and Jos. A. Bank. The center is managed by Poag Lifestyle Centers, LLC.
RICHMOND, VA. — The Boulder Group has arranged the $1.6 million sale of a single-tenant Chipotle Mexican Grill in Richmond. The recently developed 2,215-square-foot property is located at 8955 Staples Mill Road. The restaurant is an outparcel to a Target-anchored shopping center and is located across the street from a Kroger-anchored shopping center that’s currently under construction. Chipotle has approximately nine years remaining on its lease term. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a real estate partnership based in North Carolina, in the transaction. The buyer was an investor based in Germany.
LIVONIA, MICH. — Gerdom Realty & Investment has arranged the lease of a 2,470-square-foot retail space for Mikey’s Burgers & Fries in Livonia. The locally owned restaurant chain will occupy space in the LA Plaza located at Plymouth Road. The restaurant has operating chains in Howell, Brighton and Hartland. Mikey’s Burgers & Fries plans to open its Livonia location later this year. Larry Siedell and Tjader Gerdom of Gerdom Realty & Investment represented the undisclosed landlord in the transaction. Eric Unatin, of Armada Real Estate represented the tenant.
CHARLOTTE, N.C. — J.McLaughlin, a sportswear and accessories retailer, is relocating its Charlotte store to Phillips Place, a mixed-use development in Charlotte featuring 133,059 square feet of retail space. Tenants at Phillips Place include Brooks Brothers and Dean & Deluca. The new J.McLaughlin store will open in the fall. Charlotte-based Lincoln Harris, owner of Phillips Place, inked the lease with J.McLaughlin.
PENSACOLA, FLA. — HFF has arranged an $11.4 million loan for Village Oaks, a 165,851-square-foot shopping center at 6241-6251 N. Davis Highway in Pensacola. The shopping center is 95.4 percent leased to Bealls, PetSmart, Planet Fitness, Party City, Cato and Plato’s Closet. Chris Drew, Whitaker Leonhardt and Cecily Nazario of HFF arranged the 10-year loan through Prudential Mortgage Capital Co. on behalf of the borrower, RCG Ventures LLC. Greg Krafcik of Prudential Mortgage Capital led the transaction.
LARGO, FLA. — Franklin Street Real Estate Services has arranged the approximately $3 million sale of East Bay Plaza at 5395 E. Bay Drive in Largo. The unanchored, 10,401-square-foot strip center is fully leased to Einstein Bros. Bagels, Anytime Fitness, Liberty Tax Service, Radio Shack and Zoom Tan. Jonathan Graber and Rafeal Wright of Franklin Street represented the seller, East Bay Plaza Integra LLC, in the transaction. Warner Enterprises LLC purchased the asset in a 1031 tax-deferred exchange.
JOHNSTOWN, OHIO — The Cooper Commercial Investment Group has brokered the $2.4 million sale of a 15,292-square-foot retail center in Johnstown, a northeastern suburb of Columbus. The Kyber Run Shopping Center is shadow-anchored by a Kroger. An undisclosed New Jersey-based buyer purchased the property at an 8.7 percent capitalization rate. Dan Cooper of the Cooper Commercial Investment Group represented the owners, a Columbus-based private investment group.