SCOTT CITY, MO. — Contegra Construction Co. has completed the construction of a $2.5 million John Deere dealership, which is located at 1400 E. Outer Road in Scott City, for Wm. Nobbe & Co. The 42,250-square-foot structure is replacing Nobbe’s current dealership at 2900 Old Orchard Road in Jackson, Mo. The new facility features an 18,000-square-foot service center, 9,000 square feet of showroom and office space and a 7,500-square-foot parts department.
KATY, TEXAS — Marcus & Millichap has brokered the sale of Times Square Plaza, a 12,576-square-foot retail center located in Katy. Located at 400 W. Grand Parkway South, the center is fully occupied by four tenants, including Charming Charlie's. The property was built in 2006. Todd Carlson of Marcus & Millichap's Houston office represented the seller, a Houston-based partnership. The buyer was undisclosed. The acquisition price was not released, but the property listed for $3.5 million.
PORTSMOUTH, N.H. — The Kane Company has brokered the sale of a former Toyota dealership located in Portsmouth for $1.1 million. The property consists of an 18,000-square-foot building situated on 6.7 acres. The buyer, Regernation Realty Trust, plans to redevelop the property into retail and office space. Two tenants, biomaterials firm MatMarket and software company Mesh 01, have already signed on for the new project. The construction timetable was not released. Jean Kane and Jody Skaff of Kane represented the seller. Lisa Kane, also of The Kane Company, represented the buyer.
MURFREESBORO, TENN. — North American Development Group and Dunedin, Fla.-based The Barclay Group are hard at work on the 62,356-square-foot Market at Salem Cove. The $10 million Publix-anchored shopping center is located at the intersection of Highway 99 and St. Andrews Drive in Murfreesboro. Publix is scheduled to open in November.
MIAMI — Marcus & Millichap has represented both private parties in the sale of the 36,500-square-foot Navarro Tamiami Plaza for $6.67 million. The three-tenant property, which is anchored by Navarro Discount Pharmacy, is located at 12000 S.W. 8th St. in Miami. Navarro is currently fully occupied. Drew Kristol and Kirk Olson of Marcus & Millichap's Miami office represented the Miami-based seller and the Dania, Fla.-based buyer.
GRAFTON, WIS. — A private REIT, which is managed by Inland Real Estate, has acquired Grafton Commons, a 238,816-square-foot retail center in Grafton. Located at the corner of Port Washington Road and Highway 60, the property sold for $37 million. Tenants of the center include Kohl’s, Dick’s Sporting Goods, Best Buy, PetSmart and Michaels. Rick Drogosz, Bonnie Tripton and Dan Cohen of Mid-America Real Estate Corp. represented the owner/developer, Milwaukee-based Continental Properties. Oakbrook, Ill.-based Inland Real Estate provided in-house representation for the buyer.
SAN ANTONIO — The Dallas office of Holliday Fenoglio Fowler (HFF) has arranged the sale of Woodlake Crossing, a 160,000-square-foot shopping center located in San Antonio. The center, which was built in 2009, is situated at the corner of FM 78 and Woodlake Parkway. It is 81 percent occupied by a tenant roster that includes Best Buy, Ross Dress For Less, Office Max and Petco. It is shadow-anchored by a Target. Doug Hazelbaker and Ryan Shore of HFF's Dallas office represented the seller, David Berndt Interest. The buyer was Inland American, an affiliate of The Inland Real Estate Group of Companies.
WARR ACRES, OKLA. — Hunington Properties has brokered the sale of a Walgreens pharmacy located at the corner of North MacArthur Road and Northwest 63rd Street in Warr Acres. Philip Mullett and Sandy Aron of Hunington represented the seller, an Illinois family trust. The buyer and the acquisition price were undisclosed.
VIDOR, TEXAS — Marcus & Millichap has completed the sale of an 11,200-square-foot CVS/pharmacy located in Vidor for $2.2 million. The property is situated on 1.3 acres at 1295 N. Main St. It was constructed in 1999. CVS currently occupies it under a 20-year, triple-net lease with four 5-year options. Alvin Mansour of Marcus & Millichap's San Diego office partnered with the firm's Dallas office to represented the seller, an undisclosed seller. Mohamed Derbala of Marcus & Millichap's Tampa, Fla., office represented the buyer, a limited liability company. Tim Speck of Marcus & Millichap assisted in the transaction.
GAINESVILLE, FLA. — Franklin Street Real Estate Services' Mac McCall represented a Jacksonville, Fla.-based private party in its sale of a Dollar General to an undisclosed buyer for $1.3 million. The 9,000-square-foot property is located on 1 acre of land in Gainesville. Barry Wolfe of Marcus & Millichap represented the Tampa, Fla.-based buyer.
