MCKINNEY — Lee & Associates has arranged the $7.3 million sale of a 14,820-square-foot property leased by Walgreens, located in the master-planned community Craig Ranch at 8996 Stacy Rd. in McKinney. Jim Casale of Lee & Associates' San Diego office represented the buyers, a private family trust, in the transaction. Brad Kam and Gavin Kam of Net Lease Realty Advisors represented the sellers, JK 720 Custer LLC.
NEW PORT RICHEY, FLA. — The 14,000-square-foot Streetside Little Road Shopping Center, located at 8344-8406 Little Rd. in New Port Richey, has sold for $3.2 million. The center is fully leased. Elliott Ross of Clearwater, Fla.-based The Ross Realty Group represented Atlantic Emerald Trust Jeannie Bensom Law Trustee, the buyer, in the transaction. Heidi Tuttle of Trinity, Fla.-based Commercial Asset Partners Realty represented Streetside Tampa, the seller.
MISSOURI — American Realty Capital Properties Inc. has acquired a portfolio of 20 freestanding, single-story buildings leased to discount retailer Dollar General for $10 million. Fifteen of the Dollar General stores are located in Missouri, three are in Arkansas, and one store is in Oklahoma and Illinois. The stores total approximately 177,000 square feet.
ODESSA — Marcus & Millichap has brokered the $8.4 million sale of the 148,006-square-foot Town and Country Shopping Center, located at 2723 N. Grandview Ave. in Odessa. The property was 92 percent leased to tenants including Jason's Deli, World Gym, Tuesday Morning and Harmony School at the time of the sale. Jerry Goldstein of Marcus & Millichap's Houston office represented the seller, a financial institution, in the transaction.
HOUSTON — NorthMarq Capital has arranged $7.55 million in financing for the 70,642-square-foot Gulfgare Square Shopping Center, located at 6800 Gulf Freeway in Houston. David Mott of the NorthMarq's Dallas office arranged the financing through the Wells Fargo CMBS Platform.
NEW LONDON, N.H. —CBRE's National Retail Investment Group has arranged the sale of New London Shopping Center, a 107,301-square-foot, supermarket-anchored shopping center in New London, N.H. for $15.7 million. Chris Angelone, Bill Moylan, Jim Koury, Nat Heald and Josh Klimkiewicz of CBRE's Boston office represented the seller, Kimco Realty Corp. in the transaction. They also procured the buyer, CrossPoint Associates.
COPIAGUE, N.Y. — AMVETS National Service Foundation, a veteran service organization, has signed a lease for a 19,300-square-foot store in Copiague. Sabre Real Estate Group's Beth Lamport and Breslin Realty Development Corp.'s Russ Lico represented AMVETs in the deal. Schuckman Realty represented the landlord, Royal Sunrise Realty. AMVETs plans to open a thrift store.
PORTLAND, MAINE — Dollar Tree has opened an 11,002-square-foot store at Pine Tree Shopping Center, located at the southeast corner of Interstate 95 and Brighton Avenue in Portland, Maine. John Wise of Real State Advisors represented Dollar Tree. Brixmor is the owner of Pine Tree Shopping Center and was represented by Charles Davis with Brixmor.
ALVIN — Phoenix-based Cole Capital has purchased a 21,000-square-foot retail building that is fully leased to Office Depot, located at the corner of Highway 6 and Highway 35 Loop in Alvin, for $2.8 million. Hunter Jaggard of Stan Johnson Co.'s Houston office represented the seller, Houston-based Property Commerce, in the transaction. Cole Capital was self-represented by Carol Romney.
BEDFORD — Addison-based Legacy Alliance Holdings has acquired the 59,909-square-foot Bedford Meadows, a retail center located in Bedford. The property was 40 percent occupied at the time of the sale. Before the sale, the property's former owner, VFC Partners 7, foreclosed on a $3.85 million loan. Legacy was self-represented by Brad DeYoung in the transaction, and Nelson Somerville of Southlake-based Vaughn Commercial Realty represented the undisclosed seller.