DALLAS — The former 12,934-square-foot Smith & Wollesnky building, located at Dallas North Tollway and Frankford Road in Dallas, has been purchased and will be a new site for Pappasito's Cantina. David Zoller of The Weitzman Group's Dallas office represented the undisclosed seller in the transaction. Sam Beys of Preston Commercial Group represented the buyer.
POTTSBORO — Dallas-based Net Realty Advisors has arranged the sale of the 8,000-square-foot Family Dollar, located at Franklin Street and Highway 120 in Pottsboro. Family Dollar has a 10-year lease with four options to extend. Gavin Kam and Brad Kam of Net Realty Advisors represented the buyer, a West Coast-based all-cash investor, in the transaction.
SANTEE, CALIF. – A 14,758-square-foot building that is currently occupied by Walgreens has sold to Santee CL, LLC with Mabie & Mintz as a general partner. The property was sold for $8.7 million from its original developer, Interra-Vision, LLC c/o Interra Development Partners, LLC. The acquisition was included as part of an exchange from the buyer’s sale of the Colima Linda Apartments in San Diego. Santee CL was represented by Cassidy Turley BRE Commercial’s Chris Rink. Interra-Vision represented itself in this transaction.
SNELLVILLE, GA. — A 4,030-square-foot McDonald's ground lease, located in Snellville, has been sold for $2.14 million. Jason Long of Alpharetta-based Shane Investment Property Group represented the seller, an Arizona-based REIT, in the transaction and procured the buyer, a New York-based family trust.
TROTWOOD, OHIO — The Boulder Group has completed the $1.9 million sale of a net-leased CVS property, located at 1001 E. Main St. in Trotwood. CVS has a 25-year lease at the 10,722-square-foot retail building, which was developed in 1996. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Texas-based investment firm, in the transaction. The buyer was a New York-based 1031 exchange investor.
JAMAICA, N.Y. — Oh! Nuts Candy, a chocolate, nuts and gift basket retailer, has purchased a 42,000-square-foot industrial property in Jamaica for $2.9 million. Located at 120-65 168th St., the property includes four interior loading docks and an 8,200-square-foot parking lot. Oh! Nuts has four New York locations and plans to use the building as a chocolate processing plant as well as their main distribution center. Robert Klein and Joel Kohn of Kalmon Dolgin Affiliates represented the buyer and the seller, Baisley Property, in the transaction.
HUNTINGTON, N.Y., CENTEREACH, N.Y. — Harbor Freight Tools, a tool and equipment retailer, will open a 19,000-square-foot store in Huntington and a 16,000-square-foot store in Centereach. Both stores are slated to open in the first quarter, and will be the company's fourth and fifth locations in Long Island. The Huntington store is located at 301 W. Jericho Turnpike and the Centereach store is located in the town's main shopping corridor on Middle County Road. The landlords in each deal were represented in-house. Douglas Weinstein of the Long Island City office of Sholom & Zuckerbrot Realty represented Harbor Freight in the transactions.
SPRING — Houston-based Hunington Properties has brokered the sale of the 12,600-square-foot Meadowedge Shopping Center, located at Interstate 45 and Cypresswood Dr. in Spring. The property is fully leased and shadow-anchored by Lowes Home Improvement. Todd Carlson of Hunington Properties represented the seller, a California-based private investor, in the transaction. Carlson will retain management and leasing responsibilities for the property.
LOS ANGELES – PetSmart has signed a lease for 23,153 square feet at One Westside Shopping Center in Los Angeles. The 100,000-square-foot power center is fully leased with notable tenants like Starbucks, Panda Express, Marshalls and Baja Fresh. Parker Champion of Wilson Commercial represented the landlord, Champion Real Estate Companies, in this transaction.
PINECREST AND KENDALL, FLA. — Miami-based Aztec Group has secured two 10-year, refinance loans totaling $4.65 million for two shopping centers, located in suburban Miami, on behalf of the borrower, an affiliate of the Suchman Retail Group. The shopping centers include the 32,665-square-foot Dadeland North Shopping Center, located at the intersection of South Dixie Highway and Ludlam Road in Pinecrest, and the 42,700-square-foot Snapper Creek Shopping Center, located at the intersection of Southwest 72nd Street and Southwest 117th Avenue in Kendall. Jason Shapiro and Kevin Miliffe of Aztec Group arranged the non-recourse, fixed-rate loans.