OCEANSIDE, N.Y. — Lev Kimyagarov of New York-based Massey Knakal has arranged the $1.08 million sale of a 15,645-square-foot retail development site in Oceanside, located between Weidner and Montgomery Avenues. The 26,000-square-foot site includes a 15,645-square-foot retail building and a single-family home.
AUBURN, WASH. — Loja Real Estate, LLC, has purchased the Lakeland Town Center for one of the firm’s separate accounts for $39.4 million. Lakeland Town Center is a 125,000-square-foot shopping center in Auburn. It is located within the master-planned community of Lakeland. Kevin Van Voorhis of Colliers International's San Francisco office represented the Loja Group. Paul and Billy Sleeth of Colliers' Seattle office represented Lakeland Town Center II, LLC. The Seattle office will also manage the property.
ALAMEDA, CALIF. — Jamestown, the owner of the 594,000-square-foot Alameda Towne Centre has announced that it will re-brand the open-air retail center as Alameda South Shore Center. The center was known as South Shore Center until 2002 when it underwent an $85-million redevelopment. Jamestown purchased the center from Harsch Investment Properties this past January for $181 million. It was the largest retail center transaction that had occurred in the continental U.S. in the past year.
TAMPA, FLA. — Kite Realty Group Trust has acquired the 81,000-square-foot Lithia Crossings in Tampa for $13.25 million in an off-market transaction. Stein Mart anchors the center, which is 95.5 percent leased.
TUSCALOOSA, ALA., ROSWELL, GA. & GULFPORT, MISS. —Michaels has awarded West Palm Beach, Fla.-based Kennedy Contractors three contracts to retrofit stores in Tuscaloosa, Roswell and Gulfport. Construction on all three sites will begin on July 1 with completion scheduled for fall of this year.
PORT CHARLOTTE, FLA. — Marcus & Millichap has arranged the sale of the 352-unit All Store Self Storage, located at 7001 Gasparilla Rd. in Port Charlotte, for $1.75 million. Michael Mele and Adam Wides of the firm's Tampa office represented the seller, a Washington, D.C.-based institutional owner, and procured the California-based buyer.
LOS ANGELES — The Cypress Retail Group, a partner of X Team International, has completed a lease for the first full-service 24 Hour Fitness SuperSport in North Hollywood, Calif. The lease is valued at $11 million. The 33,000-square-foot space resides within the NoHo Commons shopping center. The SuperSport is anticipated to open July 23. X Team International partner Robert Walsh represented the tenant. The landlord was represented by Eric Reuveni of Los Angeles Real Estate Group.
PARKER, COLO. — Westwood Financial Corp. has acquired the 6,336-square-foot Stroh Ranch Retail Center in Parker. The asset was purchased in a short sale. The acquisition is in line with Westwood's goal of purchasing about $100 million-worth of small, distressed strip centers. The property contains two units, the smaller of which is vacant.
MT. DORA, FLA. — Scott DeVinney of Northmarq's Rochester, N.Y., office has secured a 5-year, $2.12 million first-mortgage financing with a 25-year amortization schedule for the 73,000-square-foot Mt. Dora Plaza in Mt. Dora. Insight Credit Union provided financing.
AVON, IND. — Northbrook, Ill.-based The Boulder Group has brokered the sale of a 56,100-square-foot retail building located in the Indianapolis suburb of Avon for $5.75 million. Recently developed, the property, which is situated at 212 Gable Crossing Drive, is leased on a long-term basis to Hobby Lobby. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a private company, as well as the buyer, an institutional investment firm.