Retail

ROCK HILL, S.C. — Childress Klein has sold the 59,020-square-foot Riverview Commons, a shopping center located at the corner of Celanese and Mount Gallant Roads in Rock Hill, for $9 million. Food Lion and Dollar General anchor the center, which is 93 percent leased. David Webb and Rebecca Levell of Berkeley Capital Advisors represented the seller in the transaction. The buyer was an affiliate of Benbrooke.

GLEN BURNIE, MD. — Walker & Dunlop has arranged $16.25 million in financing for the 212,345-square-foot Chesapeake Square Shopping Center, located in Glen Burnie. ShopRite and Best Buy anchor the center, which is 90 percent leased. Additional tenants include Advance Auto Parts, Subway and Five Below. J. Tyler Blue and Paul Wallace of Walker & Dunlop secured the 10-year loan with a 30-year amortization schedule.

PALM BAY, FLA. — A 16,000-square-foot CVS/pharmacy, located at the intersection of Palm Bay Drive and Babcock Road in Palm Bay, has sold for $5.59 million. CVS recently extended its triple-net lease. Dan Cooper of The Cooper Commercial Investment Group represented the seller, a Texas-based private group, in the transaction. The buyer was an Illinois-based private group in a 1031-exchange.

PENSACOLA, FLA. — Marcus & Millichap has arranged the $4.5 million sale of a 21,194-square-foot Office Depot, located at 5000 Bayou Blvd. in Pensacola. Scott Sandelin of Marcus & Millichap's Miami office represented the seller, a publicly traded REIT, in the transaction and procured the buyer, a Canada-based private investor.

HOLLY SPRINGS, N.C. — Kite Realty Group Trust has secured $37.5 million in construction financing for the 375,000-square-foot Phase I of Holly Springs Towne Center, located in Holly Springs. A 135,000-square-foot Target will shadow anchor the first phase of the project. Dick's Sporting Goods, Marshalls, Michaels and Petco will anchor the center. Other tenants include Pier 1 Imports, ULTA and Charming Charlie. Bank of America provided the three-year loan with an option to extend for two additional years.