PLOVER, WIS. — Staples has signed a retail lease for 15,500 square feet at Common Crossroads, located at 1230 Commons Circle Parcel 8 in Plover. Joe Kleiman and Daniel Cohen of Mid-America Real Estate's Milwaukee office represented the tenant in the deal. Kim Pischeke of CORE Commercial's Appleton, Wis. office represented the landlord, JJ Plover Max Venture II and Plover Shoppes LLC.
BOSTON — Linear Properties has acquired five retail condominiums at 346-354 Congress St. in Boston for $4.8 million. The condos are located within a seven-story property, known as FP3. The acquisition includes 15,711 square feet of space within the five retail condos on the first two floors of the building. Jonathan Dutch of Boston Urban Partners represented the seller, 346 Congress Street LLC, in the transaction. He also procured the buyer. The purchase price was undisclosed.
FORT WORTH — Marcus & Millichap has brokered the sale of a 4,701-square-foot retail building, a two-tenant property located on the southwest corner of Camp Bowie Boulevard and Hulen Street in Fort Worth. Vincent Knipp and Chance Hales of Marcus & Millichap's Fort Worth office represented the seller, a California-based private partnership, in the transaction. Knipp also procured the buyer, a local partnership.
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 Lee's Summit, Mo.; McAllen, Texas; and Newport News, Va. The stores range in size from 12,900 to 14,490 square feet.
CARROLLTON — Pie Five Pizza Co., a subsidiary of Pizza Inn Holdings, has opened its sixth restaurant, located at 3400 E. Hebron Parkway in Carrollton. The property is more than 2,000 square feet and seats approximately 70 people.
RICHMOND, VA. — The 162,000-square-foot Brookhill Azalea Shopping Center, located at 5214 Chamberlayne Rd. in Richmond, has sold for $8.95 million. Food Lion and Family Dollar anchor the center, which is 70 percent leased. Alex Divaris of Divaris Real Estate's Virginia Beach, Va., office represented the seller, GE Capital, in the transaction. BSV Premier Brookhill, an investment partnership controlled by the principals of Broad Street and The Premier Companies, was the buyer. Financing for the acquisition was provided by Virginia Heritage Bank. The Premier Companies will manage the property and Divaris Real Estate will lease it.
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.
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.