NORTH PORT, FLA. — Pacolet Milliken Enterprises has acquired the 71,810-square-foot Shoppes at Price Crossing, a neighborhood center located in North Port, from SF Price Crossing LP., for $14.13 million. A 45,600-square-foot Publix anchors the center. CNL Retail is the property manager and Crossman Properties is the leasing agent.
CHARLOTTE, N.C. — RAM has sold the 28,200-square-foot Village at Whitehall, located on S. Tryon Street in Charlotte, to Catalyst Real Estate for $6.11 million. Starbucks and McAllister's anchor the center. Rob Carter, Alex Quarrier, David Webb and Rebecca Levell of Berkeley Capital Advisors represented the seller in the transaction.
WHITE LAKE, MICH. — The former Farmer Jack building at the 364,000-square-foot White Lake Marketplace will soon house two new retailers. Bed Bath & Beyond signed a lease for 28,046 square feet and Jo-Ann Fabric and Craft Store is taking 25,660 square feet of retail space. The new stores join Walmart Supercenter, Home Depot, Office Max and Fashion Bug. Gershenson Realty & Investment is the broker for the property.
SIDNEY, OHIO — Marcus & Millichap has arranged the $4.3 million sale of a 127,204-square-foot Kroger shopping center in Sidney. Antoine Matthews, Dan Yozwiak and John Reehil of Marcus & Millichap represented the seller, a limited liability company. The buyer, also a limited liability company, was self-represented.
CHICAGO — Meridian Capital Group has arranged $50 million in financing on behalf of Flagship Partners, for its retail property at 25 E. Oak St. in Chicago. Aaron Birnbaum, Ronnie Levine and Tal Savariego of Meridian Capital negotiated the 10-year CMBS loan through Goldman Sachs. The three-story property contains 38,445 square feet of rentable space. Tenants include Hermes, Giorgio Armani and Vera Wang.
BRANFORD, CONN. — Premier Holdings has purchased a 12,313-square-foot automotive retail facility located at 205 North Main St. in Branford, for $1.5 million. Developed in 1993 for Branford Dodge, the property has been home to Lenders & Fleet Services since 2005. Premier Holdings plans to use the facility for its franchise, which includes Premier Subaru and Premier Kia. Tim McMahon and Frank Hird of O,R&L Commercial represented the seller, 155 North Main Street LLC, in the transaction. Peter Brown of H. Pearce Co. represented the buyer.
SUNSET VALLEY — NorthMarq Capital has secured $10.5 million in first mortgage financing for an 86,584-square-foot Kohl's store, located in Sunset Valley. John Kerslake of NorthMarq's San Francisco office, along with Bryan Leonard of the firm's San Antonio office, arranged the 10-year loan with a 15-year amortization schedule through a life insurance company.
DINUBA, CALIF. – Mercantile Row Shopping Center, a 98,520-square-foot shopping center in Dinuba received $2.85 million in first-mortgage financing. The center is located at 2100-2242 E. El Monte Way. Financing was based on a one-year, interest-only term for about 73 percent of the discounted payoff amount. Financing was arranged by Michael Elmore and David Blum of NorthMarq’s Los Angeles office through its relationship with a hard money lender. .
MARIETTA, GA. — Rothenberg-Rosenfield has acquired the 316,000-square-foot Marietta Trade Center, a shopping center located on Cobb Parkway in Marietta, from EDENS for $32.8 million. Walmart Supercenter anchors the center, which is 97 percent leased. As part of the transaction, Rothenberg-Rosenfield assumed a CMBS loan on the property. Richard Reid of HFF represented the seller in the transaction.
VIERA, FLA. — Viera-based Viera Commercial Properties has arranged the $11.9 million sale of six Christian Brothers Automotive stores. The single-tenant properties total more than 29,000 square feet, and are located in Lake Worth and Schertz, Texas; Collierville and Hendersonville, Tenn.; Grayson, Ga.; and Monument, Colo.