TORRANCE, CALIF. – A 9,546-square-foot building in Torrance that is triple-net leased to AutoZone has sold to a private investor for $2.4 million. It is located at 1433 W. Carson Street. AutoZone recently renewed its lease at the property for an additional 10 years. Phil Voorhees, John Read, Patrick Toomey and Megan Read of CBRE’s National Retail Investment Group-West represented the seller in this transaction.
PHOENIX – O’Reilly Auto Parts has signed a 10-year lease for 12,327-square-feet at Madison Square in Phoenix. The square is located at 5343 N. 16th Street. O’Reilly was represented by Bill Blake and Colton Trauter of Lee & Associates. The landlord, Orsett Properties, was represented by Sean Spellman of Cassidy Turley.
RICHMOND, VA. — Cole Real Estate Investments has acquired the 439,740-square-foot, grocery-anchored White Oak Village at 4501 S. Laburmum <
VERO BEACH, FLA. — A 15,525-square-foot Walgreens has sold in Vero Beach. Vincent Knipp and Chance Hales of Marcus & Millichap’s Fort Worth, Texas, office represented the seller, a California-based individual trust. Knipp and Hales also procured the buyer, a New York-based partnership. Kirk Felici of Marcus & Millichap assisted in the closing and was the firm’s Florida broker of record.
BURLINGTON, N.J. — Hamshire Real Estate Cos. has purchased Town Crossing Shopping Center, a 91,494-square-foot power center at 2703 Route 541 in Burlington, for $13.5 million. The center was built in 1999 and tenants include Dick's Sporting Goods, Office Max, TGI Friday's and IHOP. Brad Nathanson of Marcus & Millichap represented the seller, J.S. Hovnanian and Sons. He also represented the buyer.
NORTH BERGEN, N.J. — Aaron's, a computer furniture, computer and electronics retailer, has signed a 5,000-square-foot lease at a former car dealership in North Bergen, which was converted to retail use. The property is located at 2229 Kennedy Blvd. Gary Sauerborn of NAI Hanson represented the landlords, JGP Properties and NGB Properties, in the transaction.
TORRANCE, CALIF. – A 9,546-square-foot building in Torrance that is triple-net leased to AutoZone has sold to a private investor for $2.4 million. It is located at 1433 W. Carson Street. AutoZone recently renewed its lease at the property for an additional 10 years. Phil Voorhees, John Read, Patrick Toomey and Megan Read of CBRE’s National Retail Investment Group-West represented the seller in this transaction.
PHOENIX – O’Reilly Auto Parts has signed a 10-year lease for 12,327-square-feet at Madison Square in Phoenix. The square is located at 5343 N. 16th Street. O’Reilly was represented by Bill Blake and Colton Trauter of Lee & Associates. The landlord, Orsett Properties, was represented by Sean Spellman of Cassidy Turley.
LAS VEGAS — A 71,551-square-foot retail building in Las Vegas has sold to Sunstone Diamond, LLC for $12.3 million. It is located at 8030-8180 Blue Diamond Road. Sunstone was represented by Gino Vincent of Mint Property Group. The seller, SA Group Properties, was represented by Cathy Jones, Paul Miachika, Mikel McCullough, Jessica Beall and Roy Fritz of Sun Commercial Real Estate.
HUNTINGTON BEACH, CALIF. – HomeGoods has signed a 10-year lease for 24,160 square feet at the Sher Lane Shops in Huntington Beach. The community center is located at the southeast corner of Edinger Avenue and Sher Lane in Huntington Beach. HomeGoodsis expected to open in a former Office Depot building in spring 2013. Other notable tenants at the center include Men’s Wearhouse, Stone Hedge Tiles and Vitamin Shoppe. HomeGoods was represented by Anthony Mansour of the Clover Company. Present Value Properties is the exclusive representative forSher Lane Shops. Sharon Courtway executed this lease transaction on behalf of the center.