Retail

ACWORTH, GA. — Colliers International has arranged the sale of Acworth Crossing and Acworth Avenue Shops in Acworth, a northwest suburb of Atlanta. Acworth Crossing sold for $12.5 million and Acworth Avenue Shops for $3.6 million. Acworth Crossing, a 118,829-square-foot center located at 3335 Cobb Parkway N.W., is 83 percent leased to tenants Best Buy, Michaels, PetSmart and Dollar Tree. Acworth Avenue Shops, a 16,130-square-foot, unanchored retail strip center, is fully leased to national and local tenants. Joseph Montgomery and Tony D'Ambrosio of Colliers International represented the sellers in the transactions. A CMBS bondholder was the seller of Acworth Crossing and a national shopping center owner was the seller of Acworth Avenue Shops.

MIDDLE RIVER, MD. — Washington, D.C.-based Greysteel has arranged the sale of Miramar Plaza Shopping Center, a 37,000-square-foot, unanchored retail center located at 901-915 Middle River Road in Middle River, about 12 miles outside Baltimore. Gil Neuman of Greysteel represented the seller, Vanguard Equities, and procured the buyer, Aasan Investment LLC, in the transaction. The property is currently 92 percent leased.

RICHMOND, VA. — CBRE | Charlottesville has brokered the sale of Glen Lea Centre, a 78,493-square-foot shopping center located at 3802-3804 Mechanicsville Turnpike in Richmond. Save-A-Lot anchors the center, which also includes Dollar General, Rent-A-Center, KFC and Kool Smiles Children's Dentistry. PK Kamath of CBRE | Charlottesville, along with William Kent and Gary Lawrence of CBRE's Washington, D.C., office, represented the seller, PCS Glen Lea LLC, in the transaction.