BUFFALO, N.Y. — Tops Friendly Markets has agreed to buy 21 supermarkets in New York and Vermont from GU Markets, an affiliate of C&S Wholesale Grocers. The sale includes 20 Grand Union stores and one Bryant's supermarket. The stores will continue to operate under their current names and will retain the existing 600 employees. Terms of the deal were not disclosed. The sale is expected to close by this fall. Tops Friendly Markets is based in Buffalo, and the acquisition brings the number of stores operated by the company to 153.
MOORESVILLE, N.C. — Q10/Professional Mortgage Co. has secured an $8.3 million, fixed-rate loan on the 122,117-square-foot Mooresville Town Square, a shopping center located along Brawley School and Williamson roads in Mooresville. Bryson Thomason of Q10 arranged the loan on behalf of an institutional lender that Q10 represents as a loan correspondent. Q10 will service the loan.
HOUSTON — Hunington Properties has brokered the sale of the 8,800-square-foot Eldridge Plaza, located near the intersection of Eldridge Parkway and Little York Road in Houston. Todd Carlson of Hunington Properties represented the seller, a New York City-based investor, in the transaction, and procured the buyer, a Houston-based investor.
OAKLAND, CALIF. — Quik Pick Express has leased a 42,000-square-foot warehouse in Oakland. The facility is located within the Elmhurst Business Park at 745 85th Ave. The third-party logistics company plans to expand its operation at the new facility. Harvest Properties, the asset manager for owner Principal Real Estate Investors, was represented by John McManus and Andrew Briner of Cushman & Wakefield’s Oakland office.
MACEDONIA, OHIO — Goodman Real Estate Services Group has arranged the sale of The Crossings at Golden Link, a 254,848-square-foot shopping center along Aurora and Northfield roads in Macedonia. The property is anchored by Target and Lowe's Home Improvement. Kyle Hartung of Goodman Real Estate represented the seller in the transaction. The buyer was a private real estate investment company.
BEDFORD, IND. — Chase Properties has acquired Williams Crossing, a 50,000-square-foot shopping center in Bedford, located 25 miles south of Bloomington. Tenants at the center include Dollar Tree, Maurices and Shoe Show. Josh Caruana of Marcus & Millichap represented the seller, Horne Properties, in the transaction.
LEXINGTON, MASS. — Stone River Properties has purchased the Marrett Square shopping center in Lexington for $2.52 million. Tenants at the 16,791-square-foot retail center include Anton's Cleaners and Boston Nail & Spa. The center is also located 1.5 miles from Interstate 95. Robert Tito and Gina Barroso of NAI Hunneman represented the seller, Camblex Realty Trust, in the transaction. They also procured the buyer.
STANTON, DEL. — Bernie Kenny of FSSC has purchased the First State Plaza in Stanton, a 164,779-square-foot shopping center. Kenny is the founder of Delaware Supermarkets, a company that operates five ShopRite supermarkets in Delaware. First State Plaza is anchored by a ShopRite supermarket and tenants also include Cinemark, Dollar Tree and the U.S. Post office. The new owner plans to renovate the property and include the installation of a bus shelter. Jeff Dunne of CBRE Group represented the seller, USRP I LLC, in the transaction.
PLANO — HFF has arranged $11.76 million in financing for the 138,154-square-foot Legacy Drive Village, a shopping center located at 7000 Independence Parkway in Plano. Kroger Signature anchors the 92 percent-leased center, which includes other tenants such as Domino's Pizza, Dunkin Donuts, Einstein Brother's Bagels, Palm Beach Tan and Subway. Travis Anderson of HFF arranged the 10-year loan through Prudential Mortgage Capital Co. on behalf of the borrower, a Cencor Realty Services joint venture.
DALLAS — Marcus & Millichap has arranged the sale of a 1,440-square-foot Starbucks, located at 3330 Oak Lawn Ave. in Dallas. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a personal trust, in the transaction and procured the buyer, a partnership.