Marcus & Millichap Brokers Sale of 9,000 SF Retail Property in Farmington, New Mexico

FARMINGTON, N.M. — Marcus & Millichap has arranged the sale of Starbucks Shops at Largo Square, a retail center located at 4337 E. Main St. in Farmington. An unnamed limited liability company sold the asset to an undisclosed buyer. The acquisition price was not released.Austin Snedden, Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office represented the seller in the transaction. Matthew Reeves, also with Marcus & Millichap, served as broker of record.Starbucks Shops at …

September 17, 2021Acquisitions, New Mexico, Restaurant, Retail, Western

Marcus & Millichap Arranges $8.1M Sale of Retail Property in Phoenix

PHOENIX — Marcus & Millichap has brokered the sale of a retail property located at 5120 and 5110 W. Indian School Road in Phoenix. A limited liability company sold the property to a personal trust for $8.1 million.WSS Shoes and Habit Burger occupy the 13,100-square-foot shopping center, which is across the street from American Family Fields of Phoenix Baseball Park, spring training home to the Milwaukee Brewers.Mark Ruble and Chris Land of Marcus & Millichap’s Phoenix’s …

September 13, 2021Acquisitions, Arizona, Restaurant, Retail, Western

Benderson Development Buys 450,000 SF Power Center Ground Lease in Santa Fe

SANTA FE, N.M. — Benderson Development has acquired two tracts of land ground-leased to Plaza Santa Fe, a 450,000-square-foot power center in Santa Fe. Truzaf LP sold the asset for an undisclosed price.The leases commenced in two phases, one in 1998 with the region’s only Target store and a newly refurbished Albertsons Market Street, and the second in 2000 with the opening of TJ Maxx, Ross Dress for Less, BestBuy, Michaels and PetSmart.Located at the intersections of Cerrillos Road, …

September 10, 2021Acquisitions, New Mexico, Restaurant, Retail, Western

Cooper’s Hawk Winery & Restaurant to Build 10,000 SF Space at Shoppes of Mid Rivers in Suburban St. Louis

ST. PETERS, MO. — Cooper’s Hawk Winery & Restaurant has purchased a nearly two-acre site at The Shoppes of Mid Rivers in St. Peters, a northwest suburb of St. Louis. Construction is scheduled to begin immediately on the 10,000-square-foot restaurant and bar with a planned opening for next spring. This will be the third Missouri location for Downers Grove, Ill.-based Cooper’s Hawk.GBT Realty Corp. owns The Shoppes of Mid Rivers, which was completed in 2019. The 270,000-square-foot …

September 9, 2021Development, Midwest, Missouri, Restaurant, Retail

SRS Brokers $5.5M Ground-Lease Sale of Raising Cane’s-Occupied Property in Barstow, California

BARSTOW, CALIF. — SRS Real Estate Partners’ National Net Lease Group (NNLG) has arranged the $5.5 million ground-lease sale of a retail building located at 2620 Fisher Blvd. in Barstow. Starboard Realty Advisors sold the asset to a Los Angeles-based private investor.Raising Cane’s Chicken Fingers occupies the property, which is situated on 1.25 acres and features a double drive thru. The building was constructed in 2020 and the restaurant opened for business in May 2021. The asset has …

September 3, 2021Acquisitions, California, Net Lease, Restaurant, Retail, Western

Namdar Realty Group Sells 100,000 SF National Net-Leased Retail Portfolio

GREAT NECK, N.Y. — New York-based Namdar Realty Group has sold a portfolio of 10 net-leased retail properties located across five states. Five of the properties are located in California. Two assets are in Oregon, and each of the remaining three properties are split between Illinois, Maine and Connecticut. The portfolio spans more than 100,000 square feet and was approximately 95 percent leased at the time of sale to tenants such as Buffalo Wild Wings, Best Buy, Cost Plus World Market, State …

September 1, 2021Acquisitions, New York, Northeast, Restaurant, Retail

Horvath & Tremblay Arranges $4.5M Sale of Retail Center in Norwich, Connecticut

NORWICH, CONN. — Boston-based national retail brokerage firm Horvath & Tremblay has arranged the $4.5 million sale of Chipotle Plaza, a 6,466-square-foot retail center in Norwich, located in the southern coastal part of the state. Tenants include Chipotle Mexican Grill, Supercuts, T-Mobile and You Break I Fix. Bob Horvath, Todd Tremblay and Matt Nadler of Horvath & Tremblay represented the buyer and seller, both of which requested anonymity, in the

August 26, 2021Acquisitions, Connecticut, Northeast, Restaurant, Retail

JLL Brokers Sale of Suncadia Resort in Cle Elum, Washington

CLE ELUM, WASH. — JLL’s Hotel & Hospitality Group has arranged the sale of Suncadia, a resort community with hotel and residential components in Cle Elum, approximately 90 miles east of Seattle. Funds managed by Oaktreee Capital Management sold the asset. Terms of the transaction were not released.Situated on 6,400 acres, the resort features the 254-room Lodge at Suncadia; the 18-room Inn at Suncadia; five food and beverage outlets; multiple event spaces and meeting rooms; a swim …

August 20, 2021Acquisitions, Hospitality, Restaurant, Retail, Washington, Western

Faris Lee Arranges $20.5M Purchase of Three Multi-Tenant Retail Pads in Anaheim, California

ANAHEIM, CALIF. — Faris Lee Investments has arranged the $20.5 million sale of three multi-tenant retail pad sites known as Anaheim Gateway Retail in Anaheim.Scott DeYoung and Jeff Conover of Faris Lee represented the undisclosed buyer in the transaction. The seller was also not disclosed.The three buildings total 15,356 square feet and are anchored by Starbucks Coffee, Habit Burger and California Fish

August 19, 2021Acquisitions, California, Restaurant, Retail, Western

New Brewery Opens at Chateau Centre in Wyoming, Michigan

WYOMING, MICH. — 3 Gatos Brewery has opened its first location within Chateau Centre at 1760 44th St. in Wyoming, a southern suburb of Grand Rapids. At 3 Gatos Brewery, the food and beer are influenced by Brazilian and German cultures. The founders, Linus and Renata De Paoli, named the brewery after their three cats. Rod Alderink of NAI Wisinski of West Michigan represented the undisclosed landlord. Todd Roesler of Keller Williams GR East represented the

August 19, 2021Leasing Activity, Michigan, Midwest, Restaurant, Retail