NEW YORK CITY — 130 Seventh Avenue South, a vacant single-story retail building, has sold for $6.1 million in New York City. The building, which is located at the corner of Seventh Avenue and West 10th St., was previously occupied by Veranda, a Mediterranean restaurant. Keystone Group purchased the property and plans to develop a high-end, mixed-use building on this site. Besen & Associates represented the buyer and seller in the deal.
FRISCO, TEXAS — Marcus & Millichap has arranged the $4.7 million sale of a 12,969-square-foot CVS/pharmacy in Frisco. Dan Yozwiak, Antoine Matthews, John Reehil, Dean Zang and Mark Taylor of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Tim Speck of Marcus & Millichap also assisted in the sale.
BOOTHWYN, PA. — Marcus & Millichap has arranged the acquisition of Chichester Square, a 29,025-square-foot retail property, for $4.1 million. The shopping center, which is located along Chichester Avenue in Boothwyn, was 83 percent occupied. Dean Zang and Mark Taylor of Marcus & Millichap represented the seller, a partnership of RPC Real Estate, and the buyer, an affiliate of Westport, Conn.-based Paragon Realty Group LLC.
Scotch Plains, N.J. — Covington Realty Partners has acquired an Advance Auto Parts building for $2.9 million. The 6,240-square-foot retail building is located at 445 Terrill Road in Scotch Plains, about 25 miles west of Staten Island, N.Y. Lew Finkelstein and CJ Huter of The Goldstein Group represented the seller, RGK Development Inc., in this deal.
TRACY CALIF. – The Tracy Pavilion Shopping Center has sold to Excel Trust for $32 million. The 404,721-square-footcommunity shopping center is located on Naglee Road in Tracy, which is just east of San Francisco. The center is anchored by Home Depot, WinCo, Marshalls, Ross Dress for Less, PetsMart and Staples. Home Depot and WinCo are both tenant-owned and were not part of the sale. Ulta, Anna’s Linens, Chase Bank, Rubio’s, Panda Express, Starbucks, Supercuts, UPS and Subway also reside at the center. Lucescu Realty represented both the buyer and the multiple selling entities in this transaction. Tracy Pavilion was developed by affiliates of Kornwasser Shopping Center Properties in 2002.
MONTECITO, CALIF. – A 13,778-square-foot retail property in Montecito has sold to a local investor for $10.2 million. The property is located at 1046-1054 Coast Village Road. The fully leased center boasts a tenant roster that includes Starbucks, Von’s Pharmacy, Blenders In the Glass, Boutique Antoinette and Occhiali Fine Eyewear. The buyer was represented by Austin Herlihy and Steve Brown of Radius Group. The private seller was represented by Clarice Clarke of Lee & Associates – Central Coast.
CHARLESTON, KY. — Kroger Limited Partnership of Cincinnati has acquired Ashton Place Shopping Center, a 76,947-square-foot, Kroger-anchored center in Charleston. The property, located at 1100 Fledderjohn Road, is fully occupied. Kevin Fryman of Hanley Investment Group Real Estate Advisors represented the seller, a private investor based in Tennessee, in the transaction.
NEWTON, MASS. — Hospice of Good Shepherd has acquired a 10,000-square-foot office building for $2.8 million. Good Shepherd purchased the building for $283 per square foot, the highest price paid for a stand alone office building in Newton in more than a decade. The office property located is at 90 Wells Ave. in the Wells Avenue Office Park. Jeremy Freid,z Adam T. Meixner, Michael d’Hemecourt and Jordan B. Sneider of Boston Realty Advisors represented the seller, 94 Wells Ave, LLC. Taber Keally of Donahue and Associates represented the buyer.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of a Comerica Bank ground lease, located along Camp Bowie Boulevard in Fort Worth. The asset's list price was $3.75 million. Alvin Mansour of Marcus & Millichap's Mansour Group, based in San Diego, represented the seller, a developer, in the transaction. The property sold to a private buyer.
TRACY CALIF. – The Tracy Pavilion Shopping Center has sold to Excel Trust for $32 million. The 404,721-square-footcommunity shopping center is located on Naglee Road in Tracy, which is just east of San Francisco. The center is anchored by Home Depot, WinCo, Marshalls, Ross Dress for Less, PetsMart and Staples. Home Depot and WinCo are both tenant-owned and were not part of the sale. Ulta, Anna’s Linens, Chase Bank, Rubio’s, Panda Express, Starbucks, Supercuts, UPS and Subway also reside at the center. Lucescu Realty represented both the buyer and the multiple selling entities in this transaction. Tracy Pavilion was developed by affiliates of Kornwasser Shopping Center Properties in 2002.