SALEM, VA. — Centro Properties Group has sold the 82,033-square-foot Lakeside Place Shopping Center to an undisclosed Tennessee-based buyer for $6.8 million. Kroger anchors the 25-year-old property, which is located at 161 Electric Rd. in Salem. Additional tenants include CVS/pharmacy, Subway and H&R Block. The shopping center is 90 percent leased. Tony D’Ambrosio and Joe Montgomery Atlanta-based Colliers Spectrum Cauble represented the seller.
WESTVILLE, ILL. — Marcus & Millichap has arranged the sale of an 8,540-square-foot CVS/pharmacy situated in western Illinois for $950,000. The single-tenant, net-leased property, which is located at 111 N. State St. in Westville, has strong store sales and approximately 6 years remaining on a 20-year lease. Christopher Thomson, based in Marcus & Millichap’s Columbus, Ohio, office listed the property on behalf of the seller, a private investor. The firm’s John Przybyla assisted in the closing of the transaction.
AURORA, COLO. — Jon Hendrickson and Garrette Matlock of Marcus & Millchap’s Denver office represented Muffin Associates in the disposition of Smoky Hill Shoppette. Located at 15271-15285 Smoky Hill Rd. in Aurora, the 9,702-square-foot retail property sold for $1.62 million. The seven-tenant property was 100 percent occupied at the time of acquisition. Barry Higgins and Taylor Turano, also of Marcus & Millichap, represented the undisclosed buyer in the transaction.
PLANT CITY, FLA. — Southeast Plant City has sold the 85,252-square-foot Plant City Crossing shopping center to Fraga Development Corp. for an undisclosed amount. Located at the intersection of Interstate 4 and Thonotosassa Road in Plant City, the center is anchored by a 37,860-square-foot Publix. Cato, Dollar General, Little Caesar’s Pizza, Supercuts, H&R Block and Blockbuster Video are also housed in the property. Anthony Blanco, Lenard Williams and Jim Michalak of Plaza Advisors represented the seller.
ST. PETERSBURG, FLA. — Wilson Enterprises has sold the 33-unit Sans Souci apartment complex to a private family trust for $1.4 million. The property is located in downtown St. Petersburg. James Barnett of Tampa, Fla.-based J A Barnett Realty Group represented the seller. David Parker of Keller Williams Realty’s Largo, Fla., office represented the buyer.
NEENAH, WIS. — Marcus & Millichap has brokered the sale of Gateway Center, a 34,950-square-foot, bank-owned retail property located at 1575 Plaza Dr. in Neenah, for $2 million. Tenants at the property include Curves, Sidelines Bar & Grill, St. James Lounge and Comedy Quarter. Evan Halkias, Michael Marks and Matthew Fitzgerald of Marcus & Millichap’s Chicago Downtown office represented the seller. The buyer, a private investor, plans to reposition the property and lease its vacant space.
BEDFORD, TEXAS — Henry S. Miller Brokerage (HSMB) has completed two retail leases. In Bedford, Tuesday Morning signed a lease for 16,166 square feet at Harwood Shopping Center, an 85,931-square-foot neighborhood shopping center located in Bedford. The discount retailer will lease the space formerly occupied by BHC Fitness and plans to open the new location in January 2010. Daniel Harris and Byron Seamands of HSMB’s Dallas/Fort Worth office represented the landlord, Harwood S/C Partners Ltd.; the tenant was represented by Greg Bracchi of Staubach Retail Services.
WESTON AND ALTAMONTE SPRINGS, FLA. — A Cooper City, Fla.-based limited liability company has sold the 20,950-square-foot Shoppes of Weston retail center to an LLC from Hollywood, Fla., for $7.9 million. The Class A property is located at 1908-1952 Weston Rd. in Weston. Michael Zimmerman and Barry Wolfe of Marcus & Millichap’s Fort Lauderdale, Fla., office represented the seller. Marcus & Millichap has also represented an undisclosed California-based entity in the sale of a 4,629-square-foot Fifth Third Bank, which is currently under construction, to an LLC from New York for $2.62 million. The bank is located on a restaurant pad site at 795 Gateway Dr. in Altamonte Springs. John Brigel and Ronald Schultz of Marcus & Millichap’s Tampa, Fla., office represented both parties in the transaction.
TALLAHASSEE, FLA. — Roswell, Ga.-based Iron Horse Development Group has completed a 3,116-square-foot Burger King for Goldco in the Southwood community of Tallahassee. The 72-seat restaurant is Goldco’s ninth Burger King in the city. The Southwood Burger King is the first store built as a result of a contract signed by Iron Horse and Goldco in June 2008.
FITCHBURG, WIS. — A new 45,000-square-foot, two-story Gold’s Gym is set to open this month in Fitchburg. Located at 2920 Hard Rock Rd. within The Shops at Orchard Point, the gym will feature slate tile, a 35-foot stone fireplace, a 12-foot waterfall, VIP locker room, a cardio movie theater, a women-only section, special sections for children and more than 80 classes per week. Charles Redjinski and David Haug of NAI MLG Commercial represented Gold’s Gym in the leasing of the building.