TOLEDO, OHIO — Eidi Properties has acquired two shopping centers in the Toledo area for $4.4 million. The Shoppes at Glendale is anchored by Walmart and located at 3022-2936 Glendale Ave. next to the Medical College of Ohio. The Executive MarketPlace is located at 3550 Executive Parkway and is anchored by Costco, Elder Beerman, Home Depot and Sears. The two shopping centers total 49,000 square feet.
JERSEY SHORE, PA. — National Net Lease Realty has arranged the sale of a $3.8 million triple-net leased CVS/pharmacy property at the corner of Allegheny and Bridge streets in Jersey Shore, located about 100 miles north of Harrisburg. The 10,125-square-foot CVS store was built in 2005. CVS has 14 years remaining on its lease. Terry Marks of National Net Lease Realty represented the seller, a California-based LLC, and the buyer, a New York-based LLC, in the transaction.
EDGEWATER, N.J. — Furnishings retailer HomeGoods has plans to open its newest New Jersey location in Edgewater Harbor, a mixed-use development located about 11 miles north of New York City. The 24,000-square-foot store will anchor the 100,000-square-foot retail component of the development. Jake Frantzman of Levin Management negotiated the long-term lease. Jerry Welkis of Welco Realty represented HomeGoods in the transaction.
SAN ANTONIO — Marcus & Millichap's San Antonio office has brokered the sale of a portfolio of 13 Lowe's Markets throughout Texas. Chad Knibbe and Stephen Berchelmann of Marcus & Millichap represented the seller in the transaction. The properties were net-leased to Lowe's Markets, which operate under a variety of names including Super S Foods, Super Save, Lowe's Market, Big 8 Food Stores, Shop n' Save, Lowe's Pay-N-Save, Avanza Supermarket, Family Center, Fiesta Foods, Mercado, La Feria, Food Jet and Fiero.
KATY, TEXAS — Houston-based Hunington Properties has arranged the sale of Fry Road Plaza, a 19,950-square-foot retail center located at the intersection of Fry Road and Misty Cove Drive in Katy. The property is 90 percent leased. Todd Carlson of Hunington Properties represented the seller, a local developer that built the shopping center in 2006. The buyer purchased the property in a 1031 exchange. Hunington Properties will serve as the new property management and leasing agent.
TROUTDALE, ORE. — Troutdale Commons,a 39,388-square-foot, grocery-anchored shopping centerin Troutdale, has received $5.6 million in first-mortgage refinancing. Major tenants at the center include Albertson’s, Starbucks and Walgreens. Financing was arranged by Bob Spiro of NorthMarq’s Seattle regional officethrough its relationship with a correspondent life company lender. Financing was based on a 15-year term and a 20-year amortization schedule.
PLEASANT HILL, CALIF. – Downtown Pleasant Hill Shopping Center has sold to an account advised by UBS Global Asset Management for $100 million. The 345,687-square-foot shopping center is located at Crescent Drive at Contra Costa Boulevard in Pleasant Hill, which is northeast of Oakland. Notable tenants at the center include Century Theaters, Lucky Supermarket, Bed Bath & Beyond, Michaels, Ross, Golfsmith, Paul Mitchell the School, Carter’s and Zachary’s Chicago Pizza. The seller, Loja Real Estate, LLC, was represented by Kevin Van Voorhis, James Kaye, Jay Gomez and Lindsey Lantis of Colliers International.
THORNTON, COLO. — The Plaza Las Americas, an in-line, shadow-anchored, multi-tenant retail building in Thornton, has sold to an unnamed buyer for $3.4 million. It is located at 810-880 E. 88th Ave. The inline retail center resides on both sides of Walmart Neighborhood Market. The property is nearly 91 percent leased. The buyer was represented by Matt Ritter at Pinnacle Real Estate Advisors. The unnamed seller was represented by Tom Ethington and Rob Edwards, also of Pinnacle.
WINCHESTER, VA. — NVRetail has started development of Phase II of its Rutherford Crossing Shopping Center in Winchester. Located at the intersection of U.S. Route 11 and I-81, the second phase will include 140,000 square feet of retail and office space. NVRetail is actively seeking tenants including drug store chains, restaurants, oil companies and banks. Phase I of the project is currently 98 percent leased and is anchored by Target and Lowe's Home Improvement. Rutherford Crossing is adjacent to the Federal Emergency Management Agency (FEMA) facility, and approximately 2,500 new homes are slated for construction within one mile of the center.
SAINT CLOUD, MINN. — Marcus & Millichap has arranged the sale of a building occupied by Advance Auto Parts for $1.3 million in Saint Cloud, located about 65 miles northwest of Minneapolis. The 6,830-square-foot, net-leased property is located at 2550 2nd St. Matthew Hazelton and Adam Prins of Marcus & Millichap represented the seller, an individual/personal trust. An outside brokerage represented the buyer, an individual/personal trust, in the transaction.