OMAHA, NEB. — Northern Tool + Equipment has signed a lease for 15,142 square feet of retail space at 7202 Pacific St. in Omaha. Clay Mote of Venture Commercial represented Northern Tool in the transaction. The landlord, MarVon LLC, was self-represented.
OAK BROOK, ILL. — Inland Real Estate Acquisitions has acquired a portfolio of nine Walgreens stores in the Northeast for $68.7 million. The purchase includes three stores in New Jersey, two in Connecticut, two in Massachusetts and two in New Hampshire. Each property is leased to a subsidiary of Walgreens Co. under a triple net lease, with a remaining lease term of more than 20 years.
HELOTES — Satterfield & Pontikes Construction (S&P) has commenced construction on a 159,000-square-foot, $9.9 million Walmart, located on an 18-acre site at the intersection of Leslie and Bandera roads in Helotes, near San Antonio. Scott & Goble are providing design and architectural services for the store, which will include a brown limestone exterior and metal roof canopies. The store is slated to open early next year.
ORANGE CITY, FLA. — Inland Real Estate has purchased the 119,590-square-foot Saxon Crossings Shopping Center, located at 2607 Enterprise Road in Orange City, for $20.7 million. LA Fitness and Hobby Lobby anchor the center, and additional tenants include Jimmy John's, Papa John's Pizza, Woody's BBQ and Mattress One. Cliff Taylor of CBRE Group's Jacksonville, Fla., office, along with Daniel Baker of the firm's Orlando, Fla., office, represented Saxon Crossing Partners, the seller, in the transaction.
EL RENO, OKLA. — Northbrook, Ill.-based The Boulder Group has brokered the $4.89 million sale of a 13,650-square-foot Walgreens property, located at 1550 SW 27th St. in El Reno. The property is fully leased to Walgreens with 22 years remaining on the lease term. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, an Oklahoma-based developer, in the transaction. The buyer was an individual investor from South Dakota.
DALLAS — The Weitzman Group has arranged the sale of an 8,300-square-foot grocery store, located at 4405 Ross Ave. at Ashby Street in Dallas. Daniel Rivas of The Weitzman Group represented the buyer, Dallas-based Scarsdale One, in the transaction. The Weitzman Group will handle the property's leasing.
SUNRAY — Marcus & Millichap has arranged the sale of a 8,000-square-foot Family Dollar, located at the southwest corner of Main and Fifth streets in Sunray. Edward Benton of Marcus & Millichap's Houston office represented the seller, a developer, in the transaction. The Family Dollar sold for $950,000.
NASHVILLE, TENN. — A portion of the 700,000-square-foot Nashville West, an upscale, open-air shopping center located in west Nashville, has sold for $73.2 million. The sale includes the inline section from Dick's Sporting Goods to Books A Million, as well as Staples, Party City and PetSmart. Costco, Target and the outparcels were not included in the sale. Parkes Cos. and Newton Oldacre McDonald, the developers, were the sellers in the transaction. The buyer was Delaware-based Nashville West LLC.
NEW YORK CITY — Fairway Market has signed a lease for 42,000 square feet at Kips Bay Plaza, located at 542-580 Second Ave. in Manhattan. The grocery chain will occupy 2,000 square feet on the ground floor and 40,000 square feet in the basement. Fariway is replacing Office Depot and Crunch Gym within the plaza. Robert Futterman and Gary Alterman of RKF represented the tenant in the transaction. David Green of Cushman & Wakefield represented the landlord, DFD Development.
PLAINVIEW, N.J. — NorthMarq Capital has arranged $6 million for the first mortgage refinancing of Morton Village Plaza, a shopping center located at 998-1064 Old Country Road Plainview. Tenants at the 115,976-square-foot center include Shop Rite, CVS/pharmacy and Chase Bank. Melissa Quinn and Robert Rothaug of NorthMarq arranged the 10-year loan through a life insurance company.