Friday, June 27, 2025
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MidwestRetail

BOULDER GROUP ARRANGES $2M SALE RETAIL PORTFOLIO IN KANSAS

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ST. JOHN, MEADE AND COLDWATER, KAN. — The Boulder Group has completed the $2 million sale of a three-property portfolio leased to Dollar General in Kansas. The single-tenant properties, which average 9,036 square feet, are located in St. John, Meade and Coldwater. Dollar General has 5.5 to 6.5 years of lease term remaining at the properties. Each of the leases features three five-year renewal option periods with 10 percent escalations. Two of the properties were constructed in 2009, while the other was built in 2010. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Midwest-based private real estate investor. The buyer was a private individual.

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NortheastRetail

18,700 SF WALMART EXPANSION IS UNDERWAY IN VERMONT

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BERLIN, VT. — Construction has begun on an 18,700-square-foot expansion of a Walmart store within the Berlin Mall in Berlin, a city in northern Vermont. The project will also include renovating 7,500 square feet of existing stores in the mall. Walmart plans to use the extra space to expand its grocery products and general merchandise. After the expansion, Walmart is expected to hire 72 additional employees to supplement its current workforce of 144 employees. DEW Construction Corp. of Williston, Vt., is serving as the general contractor. Lerner-Heidenberg Associates acquired the mall in 2010.

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RetailTexas

CBCUR BROKERS 20,165 SF HOUSTON RETAIL SALE

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HOUSTON — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of Emerald Plaza, a 20,165-square-foot retail property in Houston. Located at 11509 Veterans Memorial Parkway, the community center was constructed in 2002. Mark McGinley of CBCUR represented the undisclosed seller in the transaction. James Lee of Gulf South Investment LLC represented the buyer, Whole Win LLC.

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RetailTexas

M&M BROKERS 16,490 SF RETAIL SALE IN ARLINGTON

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ARLINGTON, TEXAS — Marcus & Millichap has brokered the sale of Green Oaks Village, a 16,490-square foot retail property in Arlington. Constructed in 2003, the strip shopping center was 94 percent occupied at the time of the sale. The property, located at 3851 Southwest Green Oaks Blvd., offers close proximity to Park Springs Boulevard. Ron Hebert and Blake Burnett of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company, and also procured the buyer, an out-of-state individual investor.

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MidwestRetail

CSL PLASMA LEASES 15,000 SF IN FERGUSON, MO.

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FERGUSON, MO. — CSL Plasma has leased 15,000 square feet at Crossings at Halls Ferry in Ferguson, located about 12 miles from downtown St. Louis. Crossings at Halls Ferry is a retail center located at the northwest corner of Interstate 270 and Old Halls Ferry Road. Tenants at the property include The Home Depot, Shop N Save, Anna's Linens, Party City, DTLR and Ashley Stewart, according to LoopNet.com. St. Louis-based L3 Corp. represented the landlord, Crossings Shopping Center LP, in the transaction. CSL Plasma is one of the largest collectors of human plasma in the world.

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NortheastRetail

DIGIPLEX TO ACQUIRE 10-SCREEN MOVIE THEATER IN METRO PITTSBURGH

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SARVER, PA. — Digital Cinema Destinations Corp. (Digiplex) has agreed to purchase a 10-screen movie theater in Sarver, located about 31 miles northeast of Pittsburgh. The purchase price was undisclosed. Digiplex is acquiring the South Pike Cinema 10, located at 130 Cinema Way, from Cheswick Theaters Inc. Once the transaction closes, Digiplex plans to convert three or more of the screens to 3D compatibility with the assistance of technology partner RealD. The acquisition marks Digiplex’s seventh Pennsylvania location, including the five acquired from Cinema Centers in 2012 and a pending acquisition in the metro Harrisburg area.

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NortheastRetail

FANTINI & GORGA ARRANGES $5.9M FOR RETAIL CENTER IN SEABROOK

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SEABROOK, N.H. — Fantini & Gorga has arranged a $5.9 million loan for the purchase of a 101,184-square-foot retail center in Seabrook, located about 40 miles east of Manchester. A Kohl’s department store anchors the property, which also includes Famous Footwear and Sleepy’s as tenants. Kohl’s has 15.5 years remaining on its initial lease term. Keith Wentzel, managing director at Boston-based Fantini & Gorga, arranged the acquisition financing for a New Jersey-based investment group. A Massachusetts-based community bank funded the loan. Approximately 65 percent of the center’s income comes from the Kohl’s lease, according to Wentzel.

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RetailTexas

CBCUR BROKERS SALE OF 130,000 SF RETAIL CENTER IN HOUSTON

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HOUSTON — Coldwell Banker Commercial United Realtors (CBCUR) has brokered the sale of a 130,000-square-foot retail property in Houston. Located at 9929 Homestead Road, the strip shopping center is in close proximity to U.S. Highway 59. Mark McGinley of CBCUR represented the seller, a local partnership. John Paul Hilton represented the buyer, AK Capital 6.

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