WHEATON, ILL. — A 10,836-square-foot CVS/pharmacy, located in Wheaton, has sold for $5.33 million to a private partnership. Jordan Kaufman of Chicago-based Quantum Real Estate Advisors represented the seller, a New York City-based private owner, in the transaction.
SPRINGFIELD, OHIO — Gags & Games has signed a 27,200-square-foot lease, located at 1501 Bechtle Ave. in Springfield. Kevin James and Micha Bitton of Cassidy Turley's Columbus, Ohio, office represented the landlord, Springfield Commons Plaza, in the lease transaction.
NEW YORK CITY — Manhattan-based Hudson Realty Capital has funded a $5 million bridge loan for the acquisition of 38,805 square feet of retail space in downtown Brooklyn in New York City. The borrower plans to lease the approximately 9,400 square feet of vacant space in the development.
NORTHBROOK, ILL. — The Boulder Group has been selected as the exclusive advisor of the disposition of nine Walgreens locations in Connecticut, Massachusetts, New Hampshire and New Jersey. The portfolio is worth an estimated $70 million and will only be sold as a portfolio. Randy Blankstein and Jimmy Goodman of The Boulder Group will lead the investment sales team. The portfolio includes stores at 980 Farmington Ave. in Berlin, Conn.; 1036 W. Main St. in Branford, Conn.; 880 N. Montello St. in Brockton, Mass.; 1 Glenwood Ave. in Dover, N.H.; 17 Crystal Ave. in Derry, N.H.; 897 Main St. in Melrose, Mass.; 20 W. Kings Hwy. in Mount Ephraim, N.J.; 1131 U.S. Hwy. 46 in Ledgewood, N.J.; and 500 Egg Harbor Rd. in Sewell, N.J.
PHOENIX — Plaza 777, a 40,251-square-foot multi-tenant retail property in Scottsdale, was sold to KT 777, LLC for $2.587 million. The plaza was built in 1960 and includes five buildings situated on 4.47 acres. The seller, Coastline RE Holdings Corp., was represented by Paul Boyle and Rick Danis with Cassidy Turley BRE Commercial’s Capital Markets Group, and Brian Kocour and Courtney Auther Van Loo with Cassidy Turley BRE Commercial’s Retail Group.
PALO ALTO, CALIF. — GameStop, a 2,850-square-foot, single-tenant, net-leased property in Palo Alto, has sold for $3,059,000. The property was marketed exclusively by Kevin Turner and Michael Cisternino, investment specialists in Marcus & Millichap’s Oakland office, on behalf of the seller, a partnership.
FRIENDSWOOD — Texas Gulf Bank has broken ground on a new 4,665-square-foot branch, located at 1005 Friendswood Dr. in Friendswood. The new facility is slated for an early 2012 delivery. Eric Batte and Scott Clanton of McCleary German Architects designed the new facility, and Construction Masters of Houston are in charge of construction. The branch will feature a four-lane motor bank and an outside ATM.
HOUSTON — Braun Enterprises has acquired the 14,000-square-foot former Harolds in Heights clothing store, located at 350 W. 19th St. in Houston's Heights neighborhood. Houston-based Baker Katz represented the Wiesenthal family, the seller, and the buyer was self-represented.
BOULDER, COLO. — NorthMarq’s Denver regional office has arranged permanent financing of $3.3 million for Walnut Gardens, a neighborhood retail center in Boulder. The 38,965-square-foot center was built in 1977 and is fully leased and occupied. Financing was arranged by NorthMarq’s Greg Benjamin, senior vice president, and Jim DiRienzo, senior investment analyst. It was arranged for a long-term client of the firm’s Denver office.
HARRISON, ARK. — A partnership between Henzlik-Oliver Real Estate Cos. and Joshua Simon of S/I Real Estate has purchased the 145,000-square-foot North Hills Shopping Center, located in Harrison, from Vanguard Properties for $2.88 million. The center is fully leased to Tractor Supply, Carmike Theatre, Fred's, Big Lots and Country Mart Grocery. T.J. Lefler of Fayetteville, Ark.-based Sage Partners represented both parties in the transaction.