Retail

CHICAGO — Leopardo has completed a training center and showroom for Whirlpool Corp. at 325 N. LaSalle St. in Chicago. Located in the historic Reid Murdoch Center, the 30,000-square-foot space featuring working kitchens, laundry rooms, garages, an outdoor entertainment and flexible meeting space. The interactive, state-of-the-art showroom will be used for training and continuing education purposes. Leopardo served as general contractor while Valerio Dewalt Train and Associates provided architectural services for the project.

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NEW YORK CITY — Eastern Consolidated has brokered the sale of a retail condominium located in at 54 Bond St. in New York City for $5.5 million. Tenants at the space include Rogan, Billy Reid and Cire-Trudon. Jerome Benayoun of Eastern Consolidated represented the seller, local developer Adam Gordon, as well as the buyer, a French investment group.

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TALLAHASSEE, FLA. — Agree Realty Corp. has purchased a retail property, which is ground leased to Kohl's Department Stores, in Tallahassee. Located at the intersection of Apalachee Parkway and Blair Stone Road, the property sold for approximately $2.2 million. Kohl's has approximately 17 years remaining on the base term of the lease. The seller was not released.

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NORTHBROOK, ILL. — The Boulder Group has completed the sale of a Walgreens property in Northbrook. The single-tenant, 14,500-square-foot building, which is long-term leased to Walgreens, sold for $9.9 million. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Chicago-based development partnership, in the transaction. The buyer was a San Francisco-based private investor.

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LITTLETON, COLO. — Cushman & Wakefield of Colorado has closed the $1.42 million sale of Dakota Village, a 17,100-square-foot multi-tenant retail building located at 10027 W. Remington in Littleton. Built in 2003 and 59 percent occupied at the time of sale, the Big 5 Sporting Goods-anchored property was sold by a private California-based investment group to Drake Real Estate Services. Cushman & Wakefield’s Gene Pride and Patrick Devereaux assisted in the transaction.

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NORTHBROOK, ILL. — Regency Centers has acquired Willow Festival, a 405,227-square-foot retail center located at 840 to 1090 Willow Road in Northbrook, for $64 million. Built in 2007, the property is occupied by Lowe's Home Improvement Warehouse, Whole Foods Market, Best Buy, HomeGoods, REI, DSW and CVS/pharmacy. The 96-percent leased center also offers 54,317 square feet of side shop space, including Starbucks Coffee, Potbelly, Fannie May, Lenscrafters and Sports Clips. The property was purchased in an off-market transaction from the center's developer, Hamilton Partners.

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DAYTONA BEACH, FLA. — Cole Real Estate Investments has purchased a portion of Volusia Square, a 349,544-square-foot retail community center in Daytona Beach. Atlanta-based Retail Planning Corp. sold the space for $31 million. The acquired portion totals 22.4 acres and is located at 2455 W. International Speedway Blvd. The property, which was renovated in 2010, was 97.6 percent occupied at the time of closing. Brad Peterson of Holliday Fenoglio Fowler represented the seller in the transaction.

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INDEPENDENCE, MO. — DCL Realty Trust has completed the disposition of 46,350 square feet of retail space in Independence. BBT Investors purchased the property, which is located at 3810 Crackerneck, for an undisclosed price. Drew Quinn of Colliers International represented the seller; Scott Taubin of R.H. Johnson Co. represented the buyer in the transaction.

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COLTON, CALIF. — Commonwealth Sevenlen LLC has acquired a 26,455-square-foot retail building, located at 151 E. Valley Blvd. in Colton, for $1.99 million. The free-standing, single-tenant investment property is occupied by Stater Bros. through an absolute NNN lease. Colliers International’s Jereme Snyder and Bob Hoyt represented the seller, Vornado Realty Trust, in the transaction, and Hai Luong of Tendwell Realty represented the buyer.

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SANTA ANA, CALIF. — Coreland Cos. has negotiated the $5.75 million sale of a vacant auto dealership located at 1455 Auto Mall Drive in the Santa Ana Auto Mall. Built in 1998, the more than 35,000-square-foot square-foot property was previously the long-time home of Bauer Jaguar. Coreland’s Bryan Bauer represented the Costa Mesa, Calif.-based seller, Jeffrey and Bryan LLC, in the transaction; the buyer, Santa Ana Properties II, represented itself.

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