OCALA, FLA. — Four Florida Shopping Centers has sold the 110,000-square-foot Oakbrook Plaza to a private buyer for $2.77 million. The Ocala property is anchored by Winn Dixie and Family Dollar. Reichel Realty represented the seller in the transaction.
NEW YORK CITY — Gateway Center at Bronx Terminal Market, an approximately 1 million-square-foot shopping center located in the Bronx, has received LEED Core & Shell – Silver certification. The designation makes the $500 million project, which was developed by Related Cos., the largest retail center in the nation to receive LEED-Silver. Sustainable features include a reflective roof, a stormwater filtration system and reserved parking for low-emissions and hybrid vehicles. During the construction phase, more than 30 percent of construction materials were sourced regionally, and more than 82 percent of the construction waste was diverted from landfills. Gateway Center is currently 95 percent leased to a tenant roster that includes BJ's, The Home Depot, Target, Bed Bath & Beyond, Marshall's, Raymour & Flanigan, Staples, Best Buy, Toys “R” Us/Babies “R” Us and Applebee's.
GRAPEVINE, TEXAS — Marcus & Millichap has brokered the sale of a 6,148-square-foot Buffalo Wild Wings Grill & Bar between two private parties for an undisclosed amount. The property is located at 1525 William D. Tate Ave. in Grapevine. The net-leased property has 10 percent rent escalations every 5 years, and the tenant has 10 years remaining on its lease. Craig Lewin and Patrick Giles of Marcus & Millichap represented the seller. The firm's Tommy Tucker and Vincent Knipp represented the buyer.
ROCKVILLE, MD. — Archbishop Phillip Hannan has sold a 3,657-square-foot McDonald's to a Maryland-based developer for $2.34 million. Located at the intersection of Viers Mill Road and Atlantic Avenue in Rockville, the property was built on 1.01 acres of land in 1998. Kirk Knight, Peter Snell and Benjamin Marks of Marcus & Millichap brokered the sale.
JOHNSTOWN, OHIO — Agree Realty Corp. has acquired a retail property, which is located at the intersection of West Coshocton Street and Clark Drive in Johnstown. The property sold for approximately $3.5 million. CVS/Caremark currently net leases the property, with 24 years remaining on the base term of the lease.
ALLEN PARK, MICH. — West Bloomfield, Mich.-based Lormax Stern Development has partnered with Deerfield Beach, Fla.-based Konover South, an affiliate of The Simon Konover Company, to acquire Fairlane Green, a regional shopping center in Allen Park. The 275,891-square-foot, LEED Gold property is occupied by Barnes & Noble, Bed Bath & Beyond, Michaels, Old Navy and TJ Maxx. Archon Group, a subsidiary of Goldman Sachs, sold the property for an undisclosed price.
HARTFORD, CONN. — The Metropolitan District, which manages the water and sewer systems for the Hartford region, has acquired the former Cinema City theater at 235 Brainard Road to expand its operations. It bought the 18,936-square-foot building from Joseph Sullo from $2 million. David Richard of Colliers Dow & Condon represented the seller in negotiations.
FORT WORTH, TEXAS — Fort Worth-based Atlas Properties has purchased a 105,700-square-foot building and two parking lots in the Crossroads Arts District in Kansas City. The retail property is reportedly the former hub of the Kansas City bootlegging industry, and the building features tunnels and hidden rooms. The purchase comes with $3.95 million in TIF financing and state and federal historic tax credits. Atlas will reposition the property as a mixed-use development. This is Atlas' second acquisition in Kansas City this year.
PARKER, COLO. — Marcus & Millichap has brokered the $1.93 million sale of a Del Taco located within the Parker Hilltop Town Square shopping center at 11147 Pikes Peak Drive in Parker. Marcus & Millichap’s Jamie Medress represented the buyer and the seller, both limited-liability companies, in the transaction, in which the brokerage firm’s Michael Hoffman assisted.
HOUSTON — Compañia Minera y Beneficiadora Purisima S. De R.L. – Silvana Sanchez Helu has purchased a 3,300-square-foot retail center from a family partnership for an undisclosed amount. The property is located at 6122 Washington Ave. in Houston. John Wall, Jr., and Will Moss of The Situs Companies represented the seller. United Texas Realtors' Maria Helu-Garcia represented the buyer.