PALM BAY AND JACKSONVILLE, FLA. — Affiliates of Greensboro, N.C.-based Bell Partners have completed the dispositions of two retail properties in Florida. In the first transaction, an affiliate of Palm Beach Gardens, Fla.-based Brock Development acquired Bayside Lakes, a 44,270-square-foot, Publix-anchored retail center located at 3450 SE Bayside Lake Blvd. in Palm Bay. Additionally, a fund advised by Palm Beach Gardens-based North American Development Group purchased Riverside Market Square, a retail center anchored by a 27,888-square-foot Publix. The property is located at 2033 Riverside Ave. in Jacksonville. CB Richard Ellis’ National Retail Investment Group – Florida Investment Team represented the sellers in the transactions. Terms of the sales were not released.
Retail
LEWISVILLE, TEXAS — Pet retailer PetSmart has leased 35,106 square feet of space, occupying a former Linens 'n Things space within Vista Ridge Village, a 373,437-square-foot center in Lewisville. Steve Lieberman and David Fazio of The Retail Connection, along with Craig Wielansky of L3 Corp., represented the tenant, while Jennifer Reynolds of JenCo Realty represented the landlord, PO'B Montgomery. Terms of the lease were not released.
CASEYVILLE, ILL. — Swansea, Ill.-based Holland Construction Services has completed the construction of Ritchie Bros. Auctioneers’ new auction facility in Caseyville. Located on Old Country Inn Drive, the 40-acre site features a 13,557-square-foot auction facility with telescoping bleachers, overhead doors and virtual ramp screens for viewing off-site and stationary items. Bellevue, Wash.-based Mulvanny G2 Architects designed the facility.
CORPUS CHRISTI, TEXAS — Trademark Property is brining three new tenants to La Palmera, the $50 million renovation of Padre Staples Mall located on South Padre Island Drive in Corpus Christi. A 2,480-square-foot Coach and a 3,635-square-foot Zumiez will open this summer. A 1,000-square-foot Aveda retail store is also on tap for summer (the 15,533-square-foot Aveda Institute Corpus Christi will open this fall).
HOUSTON — Marcus & Millichap has brokered the $1.61 million sale of a 4,201-square-foot Taco Cabana restaurant in Houston. The property is located at 5930 Gulf Freeway. The firm's Edward Benton and Glen Kunofsky brokered the sale.
COLUMBIA, MD. — Madison Marquette has purchased a land parcel that includes a 90,000-square-foot retail property from a private party for $7.2 million and will build a 63,000-square-foot Toys 'R Us/Babies 'R Us store on the site. The 10-acre property, located in the Columbia Center II shopping center in Columbia, was formerly occupied by Home Expo Design Center. After the new tenant moves in, additional retail space will be available.
ROANOKE, VA. — Puglisi Family has purchased a McDonald's pad site from Fairway Roanoke for $1.3 million. The property is located at 1335 Hershberger Road in Roanoke. Thalhimer's Jake Copty brokered the sale.
NAPERVILLE, ILL. — Rockledge Furniture LLC dba Ashley Furniture has acquired a 41,331-square-foot retail building at Centre at Naperville, which is located at the corner of Route 59 and 75th Street in Naperville. Ashley Furniture plans to open a new location at the site this summer. The acquisition price was not released. Bill Argall of Great Street Realty Partners represented the buyer; Marget Graham and Katie Hennegan of Oakbrook Terrace, Ill.-based Mid-America Asset Management represented the seller, Inland Western Naperville 59 LLC, in the transaction.
DEPTFORD, N.J., AND LANGHORNE, PA. — Sixth Avenue Electronics has acquired two former Office Depot stores for a total of $6 million. Both locations are situated across from major shopping centers in their respective markets. The first property is located across from Deptford Mall in Deptford and traded for $3.3 million. The second property, which traded for $2.7 million, is located at 2365 E. Lincoln Highway, across from Oxford Valley Mall. Rob Cooper of Metro Commercial Real Estate represented Office Depot in both deals. R.J. Brunelli represented Sixth Avenue Electronics.
PHOENIX — Cassidy Turley BRE Commercial has completed the $3.2 million sale of a 3,838-square-foot freestanding retail building located at 830 S. Mill Ave. in Phoenix. Cassidy Turley BRE Commercial’s Ryan Schubert and Michael Hackett represented the seller, Scottsdale, Ariz.-based Bear Down Partners LLC, in the transaction, and the brokerage firm’s San Diego office represented the buyer, M.H. Sherman Co. of Sherman Oaks, Calif. The 0.56-acre property includes a 20-year ground lease with JP Morgan Chase.