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.
CLERMONT, FLA. — Chester C. Fosgate Co. has sold a 2-acre retail property, located at 1800 E. Hwy. 50 in Clermont, to Rich Filet for $2.38 million. The site contains a 13,086-square-foot CVS/pharmacy. Daryl Carter of Orlando-based Maury L. Carter & Associates, along with Michael Zimmerman of Delray Beach, Fla.-based RJS Realty Group, represented the seller in the transaction.
MIDLAND — Marcus & Millichap has arranged the $7.7 million sale of the 107,531-square-foot Colonnade at Polo Park, a shopping center located at 4610 N. Garfield St. in Midland. The property was 70 percent leased at closing to tenants such as Men's Wearhouse, Jason's Deli, Abuelo's Mexican Restaurant, Tuesday Morning and Golf Headquarters. Jerry Goldstein of Marcus & Millichap's Houston office represented the seller, a financial institution.
HUNTINGON BEACH, CALIF. – The 5 Points Plaza in Huntington Beach has welcomed five new tenants that will occupy a total of 23,153 square feet, bringing the center to 97 percent occupancy. The new tenants include Charming Charlie, which signed a 10-year lease for 11,600 square feet; Kahoots Pet Store, which signed a 10-year lease for 7,311 square feet; CloudMover Day Spa, which signed a five-year lease for 1,920 square feet; Bliss Nails and Spa, which signed a 10-year lease for 1,166 square feet; and the Original Bold Fold, which signed a 10-year lease for 1,156 square feet. Sharon Courtway of Present Value Properties represented 5 Points Plaza in all five lease transactions.
MCKINNEY — Lee & Associates has arranged the $7.3 million sale of a 14,820-square-foot property leased by Walgreens, located in the master-planned community Craig Ranch at 8996 Stacy Rd. in McKinney. Jim Casale of Lee & Associates' San Diego office represented the buyers, a private family trust, in the transaction. Brad Kam and Gavin Kam of Net Lease Realty Advisors represented the sellers, JK 720 Custer LLC.
NEW PORT RICHEY, FLA. — The 14,000-square-foot Streetside Little Road Shopping Center, located at 8344-8406 Little Rd. in New Port Richey, has sold for $3.2 million. The center is fully leased. Elliott Ross of Clearwater, Fla.-based The Ross Realty Group represented Atlantic Emerald Trust Jeannie Bensom Law Trustee, the buyer, in the transaction. Heidi Tuttle of Trinity, Fla.-based Commercial Asset Partners Realty represented Streetside Tampa, the seller.
MISSOURI — American Realty Capital Properties Inc. has acquired a portfolio of 20 freestanding, single-story buildings leased to discount retailer Dollar General for $10 million. Fifteen of the Dollar General stores are located in Missouri, three are in Arkansas, and one store is in Oklahoma and Illinois. The stores total approximately 177,000 square feet.