HOLLYWOOD, FLA. — Mark Gilbert, Adam Feinstein and Eric Williams of Cushman & Wakefield of Florida’s Miami office have represented Hollywood Palms in its sale of the 210,864-square-foot Hollywood Palms Shopping Center to an affiliate of Millbrook Acquisitions for $26.5 million. The property, which is located at the intersection of Taft Street and North 68th Avenue in Hollywood, underwent a renovation in 1999, and 20,000-square-feet of retail space was added last year. The plaza is anchored by Publix, Walgreens, Goodwill Industries, Bealls Outlet, Dollar General and Rent-A-Center.
WILLIAMSBURG, VA. — Williamsburg Marketcenter LLC has sold the 120,920-square-foot Williamsburg Marketcenter, which sits on 21.3 acres at 6610 Mooretown Rd. in Williamsburg, to Waitzwmc LLC for $23.78 million. The 2-year-old center is anchored by Ross Dress For Less and Petco. Jay Joseph and Clark Baldwin of GVA Advantis’ Newport News, Va., office represented the seller.
HAMMOND, IND. — Skokie, Ill.-based HSS Management Co. has sold Sohl Plaza, a 43,427-square-foot retail center located at the intersection of Douglas Street and Sohl Avenue in downtown Hammond. Tenants at the development include Family Dollar, First Choice Market and Quik Wash Laundry. Sohl Plaza had a listing price of $2.75 million. Michael Horne of HSS Management is the property manager and was the agent for the seller. Bruce Harris and Philip DeFrancesco in Marcus & Millichap’s Chicago office represented the seller, Sohl LP, an affiliate of HSS Management Co., in the transaction.
NORTH CONWAY, N.H. — Marcus & Millichap has arranged the sale of The North Conway Property, a 14,000-square-foot, net-leased drug store located in North Conway, for $6.3 million. Ben Sgambati, Michael Lombardi and Todd Tremblay, represented the seller; the buyer was secured and represented by Sgambati and Lombardi. Both parties were undisclosed. The property sold at a cap rate of 6.45 percent.
NEW YORK CITY — Brooklyn, New York City-based Kalmon Dolgin Affiliates (KDA) has completed the sale of a 14,000-square-foot shopping center located at 953 Cypress Ave. in the Ridgewood neighborhood of Queens, for $1.85 million. The two-story property contains 12,500 square feet of retail space on the first floor, and 1,500 square feet of office space on the second floor. The property currently contains a furniture store, a discount merchandise outlet and a money transfer business. Dmitri Gourianov of KDA represented the buyer, My Ridgewood Realty, and the seller, the Costarelli family. The purchase included 11,000 square feet of air rights for future development.
AUSTIN, TEXAS — A joint venture between L&B Realty Advisors and Barshop & Oles Co. had acquired Brodie Oaks Shopping Center, a 244,242-square-foot retail complex located at the corner of Loop 360 and South Lamar Boulevard in Austin. The shopping center is anchored by Neiman Marcus, Last Call and Sun Harvest Market. Additional tenants include Hobby Lobby, Toys ‘R Us, Tuesday Morning, Sally Beauty Supply, Starbucks Coffee, Olive Garden, Chili’s, Pei Wei Asian Diner and Fuddruckers. The property also contains office space. The Dallas office of Holliday Fenoglio Fowler marketed the property on behalf of the seller, Weingarten Realty Investors. L&B Realty Advisors acquired the property on behalf of investors in L&B Diversified Strategy Partners LP. The acquisition price was not disclosed.
QUIINCY, ILL. — Sullivan, Ill.-based Colcon Corp., acting as contractor, is constructing a 135,000-square-foot Sam’s Club store located on 54th Street in Quincy. The single-story building is situated on a 26-acre site. The approximately $4.5 million facility is scheduled to open October 22. Sam’s Club is owned by Bentonville, Ark.-based Wal-Mart Stores.
TOLEDO, OHIO — CB Richard Ellis|Reichle Klein has arranged the sale of an 18,426-square-foot retail building located at 6437 W. Central Ave. in Toledo. Wilford Central LLC of Toledo has acquired the facility from Capmoor Investments Co. for $1.25 million. The property is situated on a 1.56-acre site within the Sylvania Township submarket. Wilford Central LLC plans to convert the former Ken’s Flowers store into a Toni & Guy Hairdressing Academy salon training center. Peter Shawaker, Duke Wheeler and Kurt Pollex of CB Richard Ellis|Reichle Klein represented the seller in the transaction.
COVENTRY, R.I. — Fantini & Gorga has arranged $8 million in construction financing for Coventry Crossing, a three-building, 21,000-square-foot retail center located in Coventry. The property is situated on 5.7 acres directly across from the 200-acre, master-planned Centre of New England project. Coventry Crossing is currently under development by Hecht Development; tenants already signed include CVS/pharmacy, Webster Bank and Dunkin Donuts. Terms of the financing were not disclosed.
NEWPORT NEWS, VA. — Matthew Kohlhoss and Gary McGlynn of NorthMarq Capital’s Washington, D.C., office have arranged $2.6 million in first mortgage financing for SOJ’s 53,775-square-foot Turnberry Crossing, located at 12638 Jefferson Ave. in Newport News. Financing for the center, which includes the tenants Tuesday Morning and Goodwill Industries, was secured through StanCorp Mortgage Investors. The loan has a 20-year term and a 25-year amortization schedule.