BUFFALO GROVE, ILL. — Horizon Realty Services has completed five leases transactions totaling 74,609 square feet in Illinois. Planet Fitness leased 25,200 square feet at Melrose Crossing shopping center located at Mannheim Road and North Avenue in Melrose Park, Ill. Additionally, CSL Plasma leased 13,160 square feet at the same center. Jason Lenhoff of Horizon Realty represented the lessor in both transactions. In separate transactions, a private operator banquet facility leased 24,180 square feet and a local fast-food restaurant group leased 3,619 square feet at the Landings Lombard, which is located on Interstate 355 and North Avenue in Lombard, Ill. Stuart Lenhoff, Barry Millman and Jason Lenhoff of Horizon Realty Services represented the lessor in the transactions. Finally, Jason Lenhoff represented the lessor in the leasing of 8,450 square feet to Fresenius Medical Centers in a shopping center in Mundelein, Ill.
Retail
TACOMA, WASH — Marcus & Millichap has negotiated the nearly $1.88 million acquisition of Center Street Plaza, a 20,321-square-foot retail property located at 4916 Center Street in Tacoma. The brokerage firm’s Dino Christophilis represented the private-investor buyer in the transaction.
TAMPA, FLA. — Tampa-based Hachem Investments has acquired the retail space at Skypoint Tampa, which is located in Tampa's River Arts District. The 9,907-square-foot space is fully leased to Taps, Five Guys, the Point, Kurdi's Fresh Mediterranean Grill and Pizza Fusion. Clay Witherspoon and Paul Royak of Lane Witherspoon & Carswell Commercial Real Estate Advisors negotiated the sale between the buyer and the seller, Skypoint, which is a partnership of Novare Group Holdings of Atlanta and investors in Tampa. Terms of the transaction were not released.
CHICAGO — Bell Acquisition LLC has purchased the former Bell Federal building, which is located at 79 W. Monroe in Chicago. Built in 1906, the 13-story, 200,000-square-foot office building was sold by Bank of America. The sales price was not released.
AVON, OHIO — The Salvation Army has acquired a 2.79-acre land parcel, which is located across from Avon Crossings Shopping Center in Avon. The company plans to develop a 25,000-square-foot thrift store on the site. The store is expected to open in late 2011. Chris Seelig of NAI Daus represented the buyer; Goodman Real Estate Group represented the seller in the transaction. Terms of the transaction were not disclosed.
ONTARIO, CALIF. — A 100,680-square-foot Kmart, a single-tenant, net-leased property located at 1670 E. 4th Street in Ontario, has traded hands for $7.25 million. Marcus & Millichap’s Irwin Woldman represented the buyer in the transaction, and the brokerage firm’s Alan Krueger represented the seller; both parties were private investors.
DAYTONA BEACH AND PANAMA CITY BEACH, FLA. — Cole Real Estate Investments has purchased two multi-tenant shopping centers in separate transactions totaling $47 million. Cole acquired the 228,139-square-foot Volusia Square in Daytona Beach from Retail Planning Corp. for $31 million. The center is 96 percent leased to tenants, including Hobby Lobby, HH Gregg, TJ Maxx, Dollar Tree, Bealls Outlet and Pier 1 Imports. The company also bought the 97,931-square-foot Breakfast Point Marketplace in Panama City Beach. The property is 99 percent leased to tenants, including Publix and Office Depot. Tom Falatko provided in-house representation for Cole in the Volusia Square transaction, while Brad Peterson of Holliday Fenoglio Fowler represented the undisclosed seller. Clint Marchuk provided in-house representation for Cole in the Breakfast Point transaction, with Chris Decoufle, Cliff Taylor and Kevin Reavey of CB Richard Ellis represented the undisclosed seller.
ATLANTA — Los Angeles-based Westwood Financial Corp. has acquired Main Street at Town Center in Atlanta. Located at 440 W. Earnest Barrett Parkway, the 113,615-square-foot shopping center is anchored by David's Bridal. Kris Cooper and Margaret Caldwell of Jones Lang LaSalle's Atlanta retail investment team brokered the transaction. The sales price was not released.
ORLANDO, FLA. — Lexin Nona LLC has purchased Nona Commons, a retail center at 10727 Narcoossee Road in Orlando. The property sold for $9 million. Built in 2008, the 59,205-square-foot property is occupied by Outback Steakhouse, Great Clips, Papa John's and Anytime Fitness. Bill Strauss, Dave Donnellan, Todd Weintraub, Dan Baker and Mike Millard of CB Richard Ellis represented the seller, Moss Parc Commercial, in the transaction.
BANNOCKBURN, ILL. — AREA Property Partners has partnered with Dallas-based P.O'B. Montgomery & Co. to purchase Bannockburn Green, a 180,000-square-foot shopping center located at the intersection of Waukegan Road and Half Day Road in Bannockburn. The property was acquired for $29.3 million from an undisclosed institutional investor. Built in 1984 and renovated in 2008, the property is anchored by Dominick's and Walgreens. Additional tenants of the 85-percent leased center include Panera Bread, General Nutrition Center, Allstate Insurance, Subway and Sylvan Learning Center. Rick Drogosz, Ben Wineman and Stan Nitzberg of Mid-America Real Estate Corp. represented the seller in the transaction.