CHELMSFORD, MASS. — Linear Retail Properties has acquired Chelmsford Plaza, a 24,462-square-foot shopping center located in Chelmsford, for $6.77 million. The center is situated at the intersection of Drum Hill Road and North Road, across the street from a Walmart. The center's tenants include Starbucks, Sherwim-Williams, AT&T Wireless, UPS Store, Little Caesar's Pizza, Supercuts and H&R Block. The center has one 2,400-square-foot vacancy. The seller was the property's original developer.
MANSFIELD, MASS. — EagleBridge Capital has arranged $2 million in permanent acquisition financing for a Rite Aid in Mansfield. The 13,500-square-foot, freestanding property is located at 243 Chauncy St. Ted Sidel and Brian Sheehan, both of EagleBridge, arranged the loan on behalf of the undisclosed borrower through a commercial bank.
RICHMOND, VA. — John Jay Schwartz of Have Site Will Travel has brokered the sale of a former automotive dealership in Richmond. Jong Lim has acquired the former Emrick Chevrolet & Standard Automotive dealership, which is located at 101 Chamberlayne Ave., for $1.1 million. The buyer plans to open a Ruby Red Beauty Supplies Superstore and warehouse at the site.
BROOKSHIRE — Room To Go has opened a 1 million-square-foot distribution and showcase facility along Interstate 10 in Brookshire, northwest of Houston. The 22.6-acre building was completed by Bob Moore Construction — its third project for Rooms To Go. Bob Moore Construction has also completed an 851,000-square-foot distribution center in Arlington for Rooms To Go as well as a 34,888-square-foot showroom in Fort Worth. MacGregor Associates Architects was the architect of record for the Brookshire project.
YONKERS AND NEW ROCHELLE, N.Y. — CVS/pharmacy will open two new locations in Westchester County this spring. The first will be a 10,000-square-foot, freestanding store located at 222 North Ave. in New Rochelle. It will be the pharmacy's fourth location in the city. In addition, CVS will open its fourth location in Yonkers. The new store will total 23,021 square feet and will co-anchor the shopping center located at 25 Prospect St. Goldschmidt & Associates represented CVS in both lease transactions.
ORLANDO, FLA. — An undisclosed buyer has acquired a 72,618-square-foot self-storage facility in Orlando. Located at 4020 Curry Ford Road, the 637-unit property sold for $2.8 million. Charles LeClaire and Michael Mele of Marcus & Millichap marketed the property on behalf of the seller, a national bank. LeClaire and Mele also represented the buyer in the transaction.
STONY POINT, N.Y. — ShopRite has opened its newest location at a Stony Point retail center. The 70,000-square-foot supermarket will anchor the Crossroads at Stony Point, an inline retail center located at 22 Holt Drive. Crossroads Cos. is the developer and leasing agent for the center.
OMAHA, NEB. — Los Angeles-based Westwood Financial has purchased Applewood Centre in Omaha for $9.25 million. The Hy-Vee grocery-anchored center offers 101,130 square feet of retail space. Other tenants include America Cash Advance, Alegent Health, Great Clips, Hair By Stewarts (Regis), H&R Block, Papa John's Pizza and State Farm Insurance. Ben Wineman of Mid-America Real Estate Corp. represented the seller, Phillips Edison Co., in the transaction.
OMAHA, NEB. — Steve Ruff of Q10|Daisley Ruff Financial has arranged a $7 million loan for a retail center in Omaha. The property is anchored by a grocery store. Terms of the loan include a 15-year, fixed-rate mortgage.
ROCHESTER, N.Y. — Broadstone Net Lease, an affiliate of Rochester-based private REIT Broadstone Real Estate, has acquired a portfolio of convenience stores for $14.7 million. The portfolio consists of seven properties located in New Jersey, Pennsylvania and Kentucky. The properties are triple net-leased to Lehigh Gas Corp. under several different brands. The leases carry an initial term of 20 years. Year to date, Broadstone has acquired 18 net-leased properties for a total of $46.7 million.