OCEANSIDE, N.Y. — Modell's Sporting Goods, an equipment, footwear and active apparel retailer, has opened a 16,460-square-foot store located on Long Beach Rd. in the Long Island community of Oceanside. It is the retailer's 61st location in New York. The company operates more than 140 stores in 11 states.
HOUSTON — Cushman & Wakefield of Texas Inc. brokered the sale of a 83,000-square-foot former Chrysler dealership, located at 19200 Northwest Fwy. in Houston. James Foreman, Louis Kaleel, David Cook, Jeff Peden and Will Condrey of Cushman & Wakefield's Houston office represented the seller, CP Inver Grove III RE Holdco LLC, in the transaction. Phil Arnett of Houston-based D Philip Arnett Inc. represented the buyer, Emerson Electric Co.
WEBSTER — The BETZ Companies has acquired the 20,250-square-foot Shops at the Bay, a shopping center located at 300 & 304 W. Bay Area Blvd. in Webster. BETZ was self-represented by Ron Dagley in the transaction. Tony Patronella of Read-King Commercial Real Estate represented the seller, Bay Area 4.5 Acres Ltd. Gary Hough of Q10/Kinghorn, Driver, Hough & Co. secured a loan through Cantor Commercial Real Estate Lending on the property. Shops at the Bay includes tenants such as Chipotle Mexican Grill, Mooyah Burgers & Fries, Scottrade, Firehouse Subs, Crickett, Lovett Dental, Miko's Mediterranean Restaurant, Thai Spice Kitchen, RadioShack and Games Plus.
LAS VEGAS – The 118,763-square-foot Anthem Highlands Shopping Center in Las Vegas has sold to Excel Trust for an undisclosed sum. The neighborhood shopping center is anchored by Albertsons grocery store and CVS/pharmacy. Lucescu Realty represented the seller, Regency Centers, and procured the buyer.
OLIVE BRANCH, MISS. — A 14,750-square-foot Walgreens, located at 7030 Hacks Cross Rd. in Olive Branch, has sold for $5.17 million. Walgreens is on a 25-year net lease. Randy Blankstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the buyer, a private individual in a 1031 exchange, in the transaction. The seller was a Tennessee-based private company.
SMYRNA, TENN. — Marcus & Millichap has arranged the $3.32 million sale of the 16,275-square-foot Shoppes at Movie Row, a strip center located at 900 Grammer Ln. in Smyrna. Joseph Massa of Marcus & Millichap's Nashville, Tenn., office represented the seller, McMinnville, Tenn.-based Investment Partners, in the transaction and procured the undisclosed buyer.
RICHMOND, VA. — A 9,100-square-foot Dollar General, located at 3301 Jefferson Davis Hwy. in Richmond, has been sold for $1.34 million. Andrew Fallon of Calkain Cos.' Bethesda, Md., office represented the seller, the developer, in the transaction. Vienna, Va.-based Long & Foster Commercial represented the buyer.
MALDEN, MASS. — Commercial Street Venture has sold Plaza 188, a 71,462-square-foot, grocery-anchored center in Maiden for $15.5 million. David Ros, Trey Agnew, Doug Jacoby and Scott Dragos of NAI Hunneman's Boston office represented Commercial Street Venture in the transaction. They also procured the buyer, Plaza 188 Association.
HOUSTON — NorthMarq Capital has arranged first mortgage financing for the 117,893-square-foot The Shops of Hilshire Village, a shopping center located in Houston. The center's major tenants include Kroger, Walgreens and Blockbuster. Warren Hitchcock and Kristi Johnson of NorthMarq's Houston office arranged the 10-year loan with a 30-year amortization schedule through Guardian Life.
SAVANNAH, GA. — Mount Pleasant, S.C.-based Ziff Properties has purchased the 38,000-square-foot Berwick Marketplace, located at 5710 Ogeechee Rd. in Savannah. The sale price was undisclosed. Kroger shadow-anchors the center, which includes Fuddruckers, Pizza Hut, Subway and a UPS Store. The buyer was self-represented in the transaction by Christian Chamblee and Shaun Payne, as well as Maxwell Penn of Colliers International's Savannah office.