ROBBINS, N.C. — Sayerville Plaza Associates has purchased the 45,577-square-foot Robbins Town Centre from Greensboro, N.C.-based Robbins Centre LLC for $3.5 million. The Robbins property is anchored by Lowe’s Foods and Dollar General. Victor John of Columbia, S.C.-based NAI Avant brokered the sale.
MEREDITH, N.H. — Natick, Mass.-based Crosspoint Associates has completed the redevelopment of Meredith Bay Shops, a 70,000-square-foot shopping center located in Meredith. Crosspoint first acquired the property in 2007 and set about completing a more than $10 million revitalization and expansion of the property, which included a 30,000-square-foot Hannaford Supermarket, which now anchors the property. Other tenants include Olympia Sports, which recently opened a 4,200-square-foot location, as well as Rite Aid, BarnZ’s Cinema, Dockside Florist, Meredith Cleaners and Lake Region Nutrition.
NORWAY, MAINE —Marcus & Millichap has brokered the sale of a 14,700-square-foot Walgreens pharmacy located in Norway. The property is situated on 1.63 acres and was constructed in 2008. The transaction was negotiated by Bob Horvath and Todd Temblay of Marcus & Millichap’s Boston office, along with Mike Lombardi and Darren Griffith of the firm’s New Jersey office. The buyer was a New York-based investor and the seller was a regional developer. The property traded at a price of $5.3 million.
LYNNWOOD, WASH. — Regency Centers has completed the disposition of H-Mart grocery store location at Lynnwood H-Mart shopping center, which is located at 184th St. SW in Lynnwood. The 77,028-square-foot retail property sold for $14.9 million to local developer John Pietromonaco.
SAN DIEGO — Schlosser Properties has acquired a CVS/pharmacy property, which is located at 9225 Twin Trails Dr. in San Diego’s Rancho Peñasquitos area. Twin Trails LLC sold the 16,793-square-foot property for $6.2 million. Tom Schmidt and Geoff Parrish of Colliers Parish represented the buyer; Chuck Klein and Kevin Held of Grubb & Ellis|BRE Commercial represented the seller in the transaction.
FRANKFORT, KY. — Auto Zone has signed a retail ground lease worth $823,000 with New York-based Century Plaza Associates to move into space in the 134,000-square-foot Century Plaza. The shopping center, anchored by Big Lots and Dollar General, is located at 1127 U.S. Highway 127 South in Frankfort. Auto Zone may open as soon as this summer, moving in just in time for a planned center-wide renovation. Al Issac and Paul Ray Smith of Lexington-based NAI Issac Commercial Properties represented Century Plaza.
SOUTHFIELD, MICH. — Marcus & Millichap has brokered the sale of 663,000 square feet within Northland Center, a 1.7 million-square-foot enclosed mall located at 21500 Northwestern Highway in Southfield. New York City-based Ashkenazy Acquisition Corp. has purchased the space from Jenkintown, Penn.-based Jager Management Inc. for a sales price of approximately $30.99 million. The 120-acre mall is co-anchored by Macy’s and Target. The portion of the property that was acquired as part of the transaction did not include Macy’s or Target. At the time of closing, Northland Center was 70 percent occupied. Mark Taylor and Dean Zang in the Philadelphia office of Marcus & Millichap represented the seller and procured the buyer in the transaction.
SHORT HILLS, N.J. — Woodbridge, N.J.-based The Kislak Company has completed the sale of a 15,027-square-foot retail property, located at 36-46 Chatham Rd. in Short Hills, for $3.78 million. The property, which is almost fully occupied, includes the primary retail space for downtown Short Hills, as well as additional office and other commercial space. Kislak’s Jeffrey Wiener represented the seller and Matt Weilheimer, also of Kislak, represented the buyer. Both parties were undisclosed.
BEDFORD, TEXAS — NAI ReStore, the retail unit of NAI Global, has brokered the sale of Harwood Central Village, a 119,742-square-foot neighborhood shopping center located in Bedford. NAI represented the seller, Centro Properties Group. The shopping center was acquired by Miami-based Gator Investments for an undisclosed amount.
TENNESSEE — Atlanta-based HT Group has purchased five Tennessee shopping centers from Centro Properties Group for an undisclosed amount. The sales included the 92,499-square-foot West Towne Square, located in Elizabethton; the 79,048-square-foot Apison Crossing in Ooltewah; the 56,766-square-foot Madison Street Station, located in Shelbyville; and the 45,800-square-foot Saddletree Village, located in Columbia. NAI ReStore brokered the sale.