WASHINGTON, D.C. — Calkain Cos. has arranged the $1.1 million sale of a four-tenant, 4,329-square-foot retail condo property, located at 2200 18th St. NW in Washington, D.C. Current tenants include WY18 Developer's Model, Adams Morgan Hardware, Arada Foods and Ethio-American Coffee Shop. Rick Fernandez of Calkain Cos.' Reston, Va., office represented both parties in the transaction.
Retail
OAK BROOK, ILL. — Inland Real Estate Corp. and Inland Private Capital Corp. have acquired two retail properties in Wisconsin. The joint venture purchased a neighborhood shopping center anchored by a Pick 'n Save grocery in Mt. Pleasant, Wis. for $21.3 million. In a separate deal, the companies also acquired a single-tenant property leased to Pick 'n Save in Sheboygan, Wis. for $1.7 million. The properties were acquired from the same regional developer. The Mt. Pleasant shopping center is located at 2800-60 S. Green Bay Rd. and totals 82,233 square feet. The 62,138-square-foot Pick 'n Save in Sheboygan is located at 1317 N. 25th St.
MILWAUKEE — A Florida-based private investor has purchased an 8,566-square-foot Family Dollar store in Milwaukee for $1.54 million. The seller was a local developer. Built in 1950, the freestanding building was renovated and expanded in 2011. It is located at 4331 W. Oklahoma Ave. Tom Fritz, Mark Goldberg and Dan Cohen of the Milwaukee office of Mid-America Real Estate Corp. represented the seller in the transaction.
FORT WAYNE, IND. — American Mattress has signed a 3,250-square-foot lease in the 14 Square Shopping Center in Fort Wayne. The center is located at 4916 Illinois Rd in Suite 100. Stanley Phillips and Russell Jehl of NAI Harding Dahm represented the landlord, Bauerlie 14 Square LLC, in the transaction.
OAK BROOK, ILL. — In a joint venture, Inland Real Estate Corp. and Inland Private Capital Corp. have acquired two portfolios of single-tenant retail properties for $40.8 million. The seven properties total 95,630 square feet. The four stores net-leased to Walgreens are located in Dunkirk, N.Y.; McPherson, Kan.; St. George, Utah; and Nampa, Idaho. The three properties net-leased to CVS are located in Lees Summit, Mo.; McAllen, Texas; and Newport News, Va. The stores range in size from 12,900 to 14,490 square feet.
ARLINGTON — Marcus & Millichap has arranged the sale of the 40,230-square-foot Matlock Mayfield Village, a retail center located at 3330 Matlock Rd. in Arlington. The property is currently 70 percent occupied. Bill Jordan of Marcus & Millichap's Fort Worth office represented the seller, a local limited liability company, in the transaction and procured the buyer, an out of state limited liability company.
SAN JUAN CAPISTRANO, CALIF. — O'Reilly Automotive has signed a 15-year lease for a 6,000-square-foot retail location in San Juan Capistrano. The property, which was formerly a Sizzler, is located at 31863 Del Obispo. The company plans to use this new location to expand its Orange County presence. O'Reilly was represented by Keith Kropfl of Voit’s Irvine office. The owner, Theodore H. Stroscher Investments, LLC, was represented by Jim Clarkson of Strategic Retail Advisors in this transaction.
ODESSA, FLA. — Marcus & Millichap has arranged the $1.6 million sale of the 296-unit Storage Haven, a 37,210-square-foot, self-storage facility located at 2135 Gunn Hwy. in Odessa. The property is 94 percent leased. Michael Mele and Adam Wides of Marcus & Millichap's Tampa office represented the seller, a limited liability company, in the transaction and procured the buyer, a private investor.
BRANSON, MO. — Inland Real Estate Acquisitions has acquired two shopping centers in Missouri and Tennessee for a combined $74 million. Inland purchased Shoppes at Branson Hills, a 348,700-square-foot shopping center in Branson for $38.5 million. Tenants include Home Depot, Petco and Bed Bath & Beyond. Inland was represented in-house by Matt Tice in the deal. The company also acquired Hamilton Crossing, a 175,485-square-foot shopping center in Alcoa, Tenn. Both properties were acquired on behalf of Inland Diversified Real Estate Trust Inc.
OXFORD, MICH. — Center Management has acquired The Promenade at Waterside, a retail development in Oxford, for an undisclosed amount. The 67,000-square-foot retail center is located on Lapeer Road. Tenants include Tim Horton's and Chili's. Stokas Bieri Real Estate, an X Team International Partner, represented the buyer in the transaction. Beltway Capital Management, the seller, was self-represented.