FAYETTEVILLE, N.C. — A 1-acre property, located in Fayetteville, has been sold for $1.31 million. The property contains a 4,000-square-foot building that is currently leased to Dental Works. Jordan Kaufman of Chicago-based Quantum Real Estate Advisors represented the seller, a Pinehurst, N.C.-based private developer, and Chris Hansen of Marcus & Millichap's Palo Alto, Calif., office represented the North Carolina-based private 1031 exchange buyer.
HARLINGEN — Bass Pro Shops Outdoor World has opened a 150,000-square-foot store at Cameron Crossing, a retail development located at U.S. Highway 83 and Ohio in Harlingen. The Harlingen Economic Development Corp. owns the property and leased it to Bass Pro Shops. In addition to the new development, a new street and railroad crossing have been delivered. The railroad crossing is powered by solar panels, making it the first “green” railroad crossing in Texas.
GRANBURY — Marcus & Millichap has arranged the sale of a 13,514-square-foot retail property, located at 3400 East Hwy. 377 in Granbury, which is currently leased to Dollar General and Fastenal. Philip Levy of Marcus & Millichap's Fort Worth office represented the seller, a developer, in the transaction and secured the buyer, a limited liability company.
EL CAJON, CALIF. – The 70-unit Greystone Village, located in the San Diego submarket of El Cajon, has sold to Conrad Prebys for $4.5 million. The property resides at 360 Bradley Street. Apartment Consultants, Inc.’s Dave Savage represented both the buyer and the seller, Raj & Associates VII, in this transaction.
CHIPLEY, FLA. — Marcus & Millichap has arranged the $3.8 million sale of a 13,225-square-foot retail property, located at the intersection of Main Street and South Boulevard in Chipley, which is currently net-leased to CVS/pharmacy. Leon Brockmeier of Marcus & Millichap's Tampa, Fla., office, along with Patrick O'Halloran of the firm's Atlanta office, represented the seller, a Florida-based developer, in the transaction. Al Palacios of Marcus & Millichap's Miami office represented the buyer, an Omaha, Neb.-based private investor.
CAPE CORAL, FLA. — CBRE has negotiated the $1.48 million sale of a 2,940-square-foot retail building, located at the corner of Skyline Boulevard and Trafalgar Parkway in Cape Coral. Dan O'Berski and Matt Fredrickson of CBRE's Fort Myers, Fla., office represented OTOB, the seller, in the transaction. The buyer was undisclosed.
BRUNSWICK, OHIO — Cooper Commerical Investment Group has closed the $4 million sale of Walgreens, located at 1337 Pearl Rd. in Brunswick. Dan Cooper of Cooper Commercial's Cleveland office represented the seller, LDB Property Holdings LP. The buyer was a private group based in Hawaii.
DAYTON — Bloomfield Capital, a specialty finance firm, has funded a $1.5 million senior bridge loan to finance both a 20,000-square-foot retail center and a 100-unit apartment complex in Dayton. The loan also allowed the borrower to consolidate two prior loans.
MILWAUKEE — Cermak Grocery has signed a 60,000-square-foot lease at 1541 Miller Park Way in Milwaukee. Jon Thoresen of Commercial Property Associates' Milwaukee office represented the landlord, West Milw LLC in the transaction.
SUGAR LAND — HFF has arranged the sale of the 116,064-square-foot The Crossing at Fort Bend, a retail power center located at 14440 Hillcroft St. in Sugar Land. The center is 90.4 percent leased to tenants such as Ross Dress for Less, Staples, Dollar Tree, JPMorgan Chase, Subway, Whataburger and Chili's. MCOM SHOPPING CENTERS LLC, the buyer, was aided by financing from Prosperity Bank. Rusty Tamlyn and Trent Agnew of HFF's Houston office represented the seller in the transaction.