WEBSTER — The BETZ Companies has acquired the 20,250-square-foot Shops at the Bay, a shopping center located at 300 & 304 W. Bay Area Blvd. in Webster. BETZ was self-represented by Ron Dagley in the transaction. Tony Patronella of Read-King Commercial Real Estate represented the seller, Bay Area 4.5 Acres Ltd. Gary Hough of Q10/Kinghorn, Driver, Hough & Co. secured a loan through Cantor Commercial Real Estate Lending on the property. Shops at the Bay includes tenants such as Chipotle Mexican Grill, Mooyah Burgers & Fries, Scottrade, Firehouse Subs, Crickett, Lovett Dental, Miko's Mediterranean Restaurant, Thai Spice Kitchen, RadioShack and Games Plus.
LAS VEGAS – The 118,763-square-foot Anthem Highlands Shopping Center in Las Vegas has sold to Excel Trust for an undisclosed sum. The neighborhood shopping center is anchored by Albertsons grocery store and CVS/pharmacy. Lucescu Realty represented the seller, Regency Centers, and procured the buyer.
OLIVE BRANCH, MISS. — A 14,750-square-foot Walgreens, located at 7030 Hacks Cross Rd. in Olive Branch, has sold for $5.17 million. Walgreens is on a 25-year net lease. Randy Blankstein and Jimmy Goodman of Northbrook, Ill.-based The Boulder Group represented the buyer, a private individual in a 1031 exchange, in the transaction. The seller was a Tennessee-based private company.
SMYRNA, TENN. — Marcus & Millichap has arranged the $3.32 million sale of the 16,275-square-foot Shoppes at Movie Row, a strip center located at 900 Grammer Ln. in Smyrna. Joseph Massa of Marcus & Millichap's Nashville, Tenn., office represented the seller, McMinnville, Tenn.-based Investment Partners, in the transaction and procured the undisclosed buyer.
RICHMOND, VA. — A 9,100-square-foot Dollar General, located at 3301 Jefferson Davis Hwy. in Richmond, has been sold for $1.34 million. Andrew Fallon of Calkain Cos.' Bethesda, Md., office represented the seller, the developer, in the transaction. Vienna, Va.-based Long & Foster Commercial represented the buyer.
MALDEN, MASS. — Commercial Street Venture has sold Plaza 188, a 71,462-square-foot, grocery-anchored center in Maiden for $15.5 million. David Ros, Trey Agnew, Doug Jacoby and Scott Dragos of NAI Hunneman's Boston office represented Commercial Street Venture in the transaction. They also procured the buyer, Plaza 188 Association.
HOUSTON — NorthMarq Capital has arranged first mortgage financing for the 117,893-square-foot The Shops of Hilshire Village, a shopping center located in Houston. The center's major tenants include Kroger, Walgreens and Blockbuster. Warren Hitchcock and Kristi Johnson of NorthMarq's Houston office arranged the 10-year loan with a 30-year amortization schedule through Guardian Life.
SAVANNAH, GA. — Mount Pleasant, S.C.-based Ziff Properties has purchased the 38,000-square-foot Berwick Marketplace, located at 5710 Ogeechee Rd. in Savannah. The sale price was undisclosed. Kroger shadow-anchors the center, which includes Fuddruckers, Pizza Hut, Subway and a UPS Store. The buyer was self-represented in the transaction by Christian Chamblee and Shaun Payne, as well as Maxwell Penn of Colliers International's Savannah office.
RICHMOND, VA. — Cleveland-based Cooper Group has arranged the $2.93 million sale of a 10,800-square-foot CVS/pharmacy, located at 5001 Forest Hill Ave. in Richmond. CVS is on a 20-year triple net lease with approximately 7.5 years of the original term remaining. Dan Cooper represented the seller, an East Coast-based private company, in the transaction and procured the buyer, a Texas-based private group.
COVINGTON, GA. — Marcus & Millichap has negotiated the $1.28 million sale of a 10,500-square-foot retail property, located at 340 Old Oxford Rd. in Covington. The property is net-leased to Sunbelt Rentals. Kevin Yaryan of Marcus & Millichap's Orlando, Fla., office, along with Al Savage and John Leonard of the firm's Atlanta office represented the seller, a private investor, in the transaction.