FRAMINGHAM, MASS. — Centercorp Retail Properties has acquired a TD Bank-anchored retail center in Framingham for $1.8 million. The 12,080-square-foot center is located at 1255 Worcester Road. Additional tenants include The UPS Store and Lapels Dry Cleaning. Bob Hovarth and Todd Tremblay of Marcus & Millichap represented the seller, Crosspoint Associates. Hovarth and Tremblay also represented the buyer.
HOUSTON — Hunington Properties has arranged the sale of an 82,868-square-foot retail property in Houston once leased to Home Depot. Todd Carlson of Hunington Properties represented the seller, Prosperity Bank, in the transaction. Carlson also procured the buyer, Silvestri Investments.
ABILENE — Quantum Real Estate Advisors has brokered the sale of two Family Dollar stores in Abilene. The 8,320-square-foot Family Dollar at 5277 Texas Ave. sold to a private investor for $1.08 million, while the other 8,320-square-foot store sold to a California-based private fund for $1.3 million. Family Dollar has 10 years left on its lease at both stores. Jordan Kaufman of Quantum represented the seller, a Houston-based private developer, in the sale of the Texas Avenue store. Kaufman also represented the seller of the other store, a California-based private fund.
HUNTINGTON BEACH, CALIF. – An auto dealership in Huntington Beach has sold to Huntington Beach Ford for $16.2 million. The dealership is located on a 6.3-acre lot at 18255 Beach Blvd. Huntington Beach Ford is the property’s current occupant. The dealership was represented by Todd LaPlante of Five Points Commercial Real Estate. The seller, the Howard L Abel Family Trust, was represented by Michael Abel of Lee & Associates.
PORT ST. LUCIE, FLA. — Old Royal LLC, a West Palm Beach, Fla.-based private investment group, has purchased Parkway Plaza, a retail strip center in Port St. Lucie, for $1.8 million. The 42,739-square-foot retail property is located at 6500 Selvitz Rd. and was constructed in 2007. It was 39 percent occupied at the time of the transaction. William Strauss of CBRE represented the seller, Baltimore-based Quality Properties Asset Management Co.
FLINT, MICH. — Morris, Smith & Feyh Inc. (MS&F) has arranged a $1.4 million mortgage loan for a 40,000-square-foot Big Lots center in Flint. Chad Kiner of MS&F arranged the 10-year loan, which amortizes over 17 years, through a life insurance company. The borrower is Devonshire Fund, a commercial real estate company that owns and operates 1.4 million square feet of retail space in the Midwest and Southeast regions.
BRILLION, WIS. — Marcus & Millichap has arranged the $1 million sale of a 5,120-square-foot McDonald's property in Brillion. Adam Prins and Matthew Hazelton of Marcus & Millichap represented the seller, a limited liability company. The buyer was a private investor.
KILLEEN — Quantum Real Estate Advisors has brokered the $1.35 million sale of an 8,000-square-foot Family Dollar store in Killeen. Jordan Kaufman of Quantum represented the seller, a Houston-based private developer, in the transaction. Family Dollar has 10 years remaining on its lease.
HUNTINGTON BEACH, CALIF. – An auto dealership in Huntington Beach has sold to Huntington Beach Ford for $16.2 million. The dealership is located on a 6.3-acre lot at 18255 Beach Blvd. Huntington Beach Ford is the property’s current occupant. The dealership was represented by Todd LaPlante of Five Points Commercial Real Estate. The seller, the Howard L Abel Family Trust, was represented by Michael Abel of Lee & Associates.
ALPHARETTA, GA. — The 22,000-square-foot Grasslands Plaza shopping center at 5620 Commerce Blvd. in Alpharetta has traded for $1.8 million. PNC Bank sold the foreclosed property and three acres of land to TAC GrassLands LLC, a regional equity group. Grasslands Plaza was built in 2008 and is currently 69 percent occupied with tenants including Curves, Dollar Tree, Moe’s Southwest Grill and AT&T Cellular. The vacant parcels are approximately 1.32 and 1.73 acres. Grasslands Plaza and the vacant lots are outparcels to a Wal-Mart Supercenter. Ron Whitmire and Bob Kane of Bull Realty represented the bank in the disposition.