NATIONAL CITY, CALIF. — Vancouver, Canada-based Amir Khalili has purchased a 68,084-square-foot shopping center, which is located at the intersection of Euclid Avenue and East Plaza Boulevard in National City. Tiburon, Calif.-based National Properties VII LLC sold the property for $15 million. At the time of acquisition, the property was 100 percent occupied by Ralphs, Walgreens, Blockbuster Video and Firestone Tires. Edward Hanley of Hanley Investment Group Real Estate Advisors represented both parties in the transaction.
MIAMI GARDENS, FLA. — Construction is underway on Miami-based DZD Holdings’ 107,000-square-foot shopping center Palmetto Gardens Plaza, located at 3791 N.W. 167th St. in Miami Gardens. The center, which will also include a 20,000-square-foot outparcel, is being built by Aventura, Fla.-based Vercon Construction, marketed by the Miami offices of Macken Realty and Behar Font & Partners is serving as the building’s architect. The property is expected to deliver in 14 to 18 months.
GRAND RAPIDS, MICH. — Grubb & Ellis|Paramount Commerce has represented both parties in the sale of a 37,000-square-foot former AMF Bowling Center located at 3700 Plainfield Ave. NE in Grand Rapids. 3700 Plainfield LLC has acquired the facility for an undisclosed amount. The buyer, which has a business across the street, plans to use the new building and sell its existing facility. Kurt Suidinski of Grubb & Ellis|Paramount Commerce represented the buyer; Dave Denton, also of Grubb & Ellis|Paramount Commerce, represented the seller, AMF Bowling Centers Inc., in the transaction.
JOHNSTOWN, PA. — Gemini Real Estate Advisors has acquired Johnstown Galleria, a 354,625-square-foot enclosed regional mall located in Johnstown. The retail property is anchored by a 101,000-square-foot JC Penney’s. A Sears, Bon Ton and Boscov’s that were not included in the purchase also anchor the mall. Other tenants include Aeropostale, American Eagle, Champs and Hollister. The acquisition price and the seller were undisclosed.
NEW YORK CITY — Eastern Consolidated has negotiated the sale of a development parcel located at 844 Second Ave. in New York City for $5.25 million. The single-story retail property is currently occupied by Blimpie’s. The buyer, locally based 300 E. 45th Street LLC, plans to continue operation of the property as a retail location in the short term until Blimpie’s lease expires. The site is located 1 block from the United Nations building and a few blocks from Grand Central Station. Eric Anton, Ronald Solarz and David Schechtman of Eastern Consolidated represented the seller 844 Realty LLC; Ety Lee, also of Eastern Consolidated, procured the buyer.
AUSTIN, TEXAS — Marcus & Millichap has brokered the sale of Grand Avenue Center I, a newly constructed, 19,422-square-foot shopping center located at 1615 Grand Avenue Pkwy. in Austin. Jason Middlebrook of Marcus & Millichap’s Austin office represented the seller in the transaction; Casey Beasley of Kemp Properties represented the buyer. Both parties were undisclosed.
SUNRISE, FLA. — Ron Osborne of Marcus & Millichap’s Fort Lauderdale, Fla., office brokered Bull Investment’s sale of a 6,244-square-foot vacant restaurant building to Church of God of Prophecy Sunrise/Lauderhill Inc. for $1.35 million. Located at 7730 W. Oakland Park Blvd. in Sunrise, the former Woody’s Bar-B-Que will be converted into a church.
OLATHE, KAN. — Marcus & Millichap has brokered the sale of Olathe Pointe, a 289,455-square-foot retail center located at the southeast corner of 119th Street and Blackbob Road in Olathe. The shopping center, which consists of two multi-tenant buildings situated on approximately 25 acres, was acquired by Phoenix-based Arciterra. Maefield Development Corp. of Indianapolis sold the property for $29.39 million. Tenants in the center include Marshalls, HomeGoods, Michaels, Off Broadway Shoe Warehouse, Ulta Beauty, dressbarn, and Five Guys Famous Burgers and Fries. John Riser of Marcus & Millichap’s National Retail Group in Indianapolis represented both parties in the transaction.
O’FALLON, ILL. — St. Louis based Vertegy — a design, procurement and construction consulting service for green and sustainable facilities — has helped guide the sustainable design of the recently completed Frieze Harley-Davidson dealership located in O’Fallon. The 33,000-square-foot, LEED Gold-certified building, which houses a showroom and maintenance shop, is the first LEED-certified Harley-Davidson dealership in the United States. Partially powered by wind turbine, the facility was constructed with insulated concrete forms, creating an energy-efficient structural wall system that provides an insulation R-value of 40. Additional sustainable elements of the facility include rapidly renewable bamboo wood flooring, an innovative lighting system and a radiant floor system in the maintenance shop, which is heated from burnt waste oil. Trumpet Builders acted as the general contractor for the project, and Karasek Architects designed the new facility. The cost of completion was not disclosed.
INDIANAPOLIS AND AVON, IND. — Janice Paine and Jason Speckman of NAI Olympia Partners have closed two investment transactions in Indiana. Paine and Speckman have brokered the sale of a 6,840-square-foot retail building located at 11120 E. Washington St. in Indianapolis. The facility was acquired by an out-of-state buyer for an undisclosed amount. Additionally, the pair has brokered the sale of a 7,370-square-foot retail building located at 7474 E. US Highway 36 in Avon. A&E Leasing purchased the facility for an undisclosed amount. Both newly constructed buildings are leased to AutoZone Inc.