WALLA WALLA, WASH. — Blue Mountain Plaza LLC has purchased Blue Mountain Mall, which is located at the corner of West Rose Street and Myra Road in Walla Walla, for $9.2 million. The 230,360-square-foot mall is anchored by Sears, Gottschalks and Shopko, which was not part of the sale. The sale also included an adjacent 22-acre parcel for expansion. Ron Allum of NAI Fuller Real Estate listed and marketed the property on behalf of the seller, Meyer Properties.
AURORA, CALIF. — Rob Edwards, Scott Wayne and Jason Ortiz of Marcus & Millichap have completed the sale and acquisition of Sunburst Center, a strip shopping center located at 16300 E. Quincy Ave. in Aurora. Johnson Investments Inc. sold the property to a Denver-based private investor for $2.6 million. At the time of acquisition, the property was fully occupied by multiple tenants.
GREENVILLE, S.C. — White Horse Plaza LLC has purchased White Horse Plaza, a 170,950-square-foot, 31-acre retail center in Greenville, from White Horse Associates, for $7 million. The property is located at 6119 White Horse Rd., and was 96 percent occupied at the time of sale. Tenants include Dollar General, Fred’s discount store and CitiTrends. Del Creviston of Sperry Van Ness’ Roswell office represented the seller, and the buyer was represented in-house.
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NEW YORK CITY — Judah Hammer and Michael Kesselman of Meridian Capital Group have arranged $2.5 million in refinancing for a commercial strip center in the Jamaica neighborhood of Queens, New York City. The 12,100-square-foot center is located on 13802-24 farmers Blvd and contains 10 commercial tenants.
EL CAJON, CALIF. — NewMark Merrill Cos. has acquired Town & Country Center, a 52,990-square-foot shopping center located at the corner of N. Second St. and Madison Ave. in El Cajon. The company purchased the property for just under $11 million. At the time of acquisition, the center was 90 percent occupied by a variety of tenants, including Rite Aid, Baskin Robbins and Everything $5.99. NewMark has an extensive renovation planned for the development. Peter Bethea of Cushman & Wakefield represented the seller in the transaction. Financing was provided by Wells Fargo Merchant Bank.
HONOLULU — The two-level retail expansion has opened at Ala Moana Center, a shopping center located at 1450 Ala Moana Blvd. in Honolulu. The expansion offers more than 300,000 square feet of retail space, including Hawaii’s first full-line Nordstrom and 17 new tenants. New tenants include J. Crew-on-the-Island, Design Within Reach, Vera Bradley, Chico’s, Bare Escentuals and Blue Hawaii Lifestyle. The expansion grand opening coincides with the mall’s spring fashion show, which will feature spring trends and styles.
UPLAND, CALIF. — Two anchor tenants have recently opened at NewMark Merrill Cos.’s Upland Town Square, a 105,000-square-foot shopping center located at the intersection of Foothill Boulevard and San Antonio Avenue in Upland. The new tenants include a 24,400-square-foot OfficeMax featuring a new multi-purpose store layout and one of California’s first Fresh & Easy, a 14,241-square-foot grocery store. After purchasing the property in 2005, the company launched a $3.5 million remodel and re-tenanting project to transform the 1970s center into a contemporary shopping destination.
CHAMPIONSGATE, FLA. — N.Y.-based Apollo Real Estate Advisors and Houston-based RIDA Development Corp. are developing a $69 million retail, office and multifamily expansion in the downtown district of ChampionsGate, an 1,800-acre resort-style community. The project will consists of 100,000 square feet of retail and office space and 180 luxury apartments. The lifestyle center will be designed by Atlanta-based Dougherty Design, and The Reserve at ChampionsGate will be designed by Orlando, Fla.-based L2 Studios. Construction is slated to begin in May.