PHOENIX — North Park Plaza, a 101,361-square-foot neighborhood shopping center in Phoenix, has sold to an entity formed by Westwood Financial Corporation for $13 million. The center was built in 1963 and is anchored by Safeway. The center underwent improvements in 1986 and 2007. Ryan Schubert and Michael Hackett with Cassidy Turley BRE Commercial’s Retail Capital Markets Group and Bob Buckley with the firm’s Capital Markets Group represented both the buyer and the seller, Aegon USA Realty Advisors.
MECHANICSVILLE, VA. — The 112,000-square-foot Brandy Hill Plaza, a retail and office property located at 7053-7095 Mechanicsville Tpke. in Mechanicsville, has been sold on Auction.com for $3.3 million. 7055 Brandy Hill Plaza Associates purchased the note on the center as a deed in lieu of foreclosure and will retain the center as an investment. Richard Thalhimer of Cushman & Wakefield/Thalhimer's Richmond, Va., office represented the buyer in the transaction.
ALTAMONTE SPRINGS, FLA. — Marcus & Millichap has brokered the $2.97 million sale of a 3,578-square-foot, net-leased Chase Bank, located at 971 N. State Rd. 434 in Altamonte Springs. The property is in a Publix-anchored shopping center. Ray Turchi and Chris Travis of Marcus & Millichap's Orlando office represented the seller, a private investor, in the transaction. Judson Kauffman and Glen Kunofsky of the firm's Manhattan office represented the seller in the transaction.
MURFREESBORO,TENN. — A 10,125-square-foot CVS/pharmacy, located at 607 SE Broad St. in Murfreesboro, has been sold for $2.96 million. CVS is on a 20-year, triple-net lease. Dan Cooper of Cleveland-based The Cooper Group arranged the sale on behalf of the seller, a New York-based private company, in the transaction and procured the buyer, a Texas-based private group.
MACHESNEY PARK, ILL. — The Boulder Group has completed the $1.5 million sale of an Advance Auto Parts property, located at 1535 W. Lane Rd. in Machesney Park. Advance Auto Parts is the sole occupant of the 6,124-square-foot building that was developed in 2011. The company has 14 years remaining on its lease. Randy Blankenstein and Jimmy Goodman of The Boulder Group represented the seller, an Illinois developer, in the transaction. The buyer was a California-based private investment firm.
PITTSBURGH — Discount grocer Bottom Dollar Foods is opening 14 stores in greater Pittsburgh and Youngstown, Ohio. The first stores open Jan. 26. The retailer plans to include Pittsburgh Steelers players at each location for the Pennsylvania openings at 7:30 a.m. Stores include 12012 Frankstown Road, Penn Hills, Pa. (Randy Grossman); 1160 Washington Ave., Carnegie, Pa. (LC Greenwood); 1155 Washington Pike, Bridgeville, Pa. (Louis Lipps); 300 Eden Park Blvd., McKeesport, Pa.(Mike Meriweather); 2011 Sheffield Road, Aliquippa, Pa. (John Banaszak); 7350 Saltsburg Road, Pittsburgh (Mike Wagner); 5239 Brownsville Road, Pittsburgh (Robin Cole). Four additional Bottom Dollar Food stores will also open in Pennsylvania Feb. 9.
COLLEGE STATION AND LAREDO — CBL & Associates has plans for multi-million renovations of the 775,000-square-foot Post Oak Mall, located at 1500 Harvey Rd. in College Station, and Mall del Norte, 5300 San Dario Ave. in Laredo. Post Oak Mall will receive new flooring, upgraded entrances, soft seating, new food court design and updated lighting. Mall del Norte will receive upgrades that were started in 2007.
DEL RIO — NorthMarq Capital has arranged $15.75 million in financing for the 260,818-square-foot Plaza Del Sol, a regional mall located in Del Rio. John Burke and Chad Owens of NorthMarq's Houston office arranged the 10-year loan through Deutsche Bank's CMBS platform on behalf of the borrower, Levcor Inc. Plaza Del Sol's tenants include Marshalls, Ross Dress for Less, JC Penney, Bealls and Cinemark.
DENVER – One Lincoln Park, which consists of four retail condos, sold to White Crown Federal Credit Union for $1,254,795. The condos are located at 2001 Lincoln Street in Denver. The property was sold by EO, LLC dba Tower One Venture. White Crown was represented by Kittie Hook of Cassidy Turley Fuller Real Estate.
PORT ST. LUCIE, FLA. — The 511-unit Storage West, a storage facility located at 525 SW S. Macedo Blvd. in Port St. Lucie, has sold for $3.1 million. Boyd Bradfield of NAI Southcoast's Stuart, Fla., office represented the seller, Storage West LLC, in the transaction and procured the buyer, Jacksonville, Fla.-based Storage West Group LLC.