FAIRFIELD, CONN. — Fischer Real Estate Inc. has negotiated the sale of a commercial building located at 2060 Black Rock Turnpike in Fairfield. An undisclosed investor purchased the property from TPSJ LLC for $1.4 million. The 4,440-square-foot property is fully occupied by retail and medical office tenants. Alan Fischer of Fischer Real Estate represented both parties in the off-market transaction.
MANCHESTER TOWNSHIP, PA. — Bennett Williams Commercial has arranged the sale of a 2.64-acre land parcel located at 1400 Toronita St. in Manchester Township. Clearview Associates purchased the property from Round the Clock Diner & Coffee Shop Inc. for $1 million. Keith Kahlbaugh of Bennett Williams represented the buyer in the deal.
HOUSTON — Hartman Retail II, a Delaware Statutory Trust, has purchased Mission Bend Shopping Center in Houston for $15.1 million. The property is located at 6806 Highway 6. Mission Bend Shopping Center is a 140,576-square-foot retail center on 11 acres. It was built in 1984 and is 98 percent leased to tenants including dd’s Discounts, Melrose Family Fashions, Dollar General and Harbor Freight. George Cushing and Wendy Vandeventer of JLL represented the seller in the transaction. Dave Wheeler, Julian Kwok and Russell Turman internally represented the buyer, Hartman Retail II DST.
LAUDERDALE LAKES, FLA. — Exclusive Management and Properties Inc. (EMPI) has purchased Lauderdale Marketplace, a 265,000-square-foot retail center in Lauderdale Lakes, for $27 million. EMPI bought the property from Austin Forman and William Murphy of Lauderdale Marketplace Investments LLC. Lloyd Berger and Joe Byrnes of Berger Commercial Realty represented the seller in the transaction. Located on a 30-acre lot at the southeast corner of Oakland Park Boulevard and North State Road 7, Lauderdale Marketplace’s tenant roster includes Broward Health, YouFit Health Club, Davita Dialysis, Papa John’s, Broward Sheriff’s Office, the Department of Veteran Affairs and the Department of Highway Safety and Motor Vehicles. EMPI has retained Berger Commercial Realty to lease and manage Lauderdale Marketplace.
ALPHARETTA, GA. — Bull Realty has brokered the $8.4 million sale of Stone Walk at Northpoint, a 36,105-square-foot retail property in Alpharetta. The retail center is positioned near the Haynes Bridge Road entrance to North Point Mall, a 1 million-square-foot, enclosed regional mall. Stone Walk at Northpoint was 70 percent leased at the time of sale to tenants such as Guitar Center, Sola Salon and Scottrade. John Harrison and Austen Wiley of Atlanta-based Bull Realty were the only brokers involved in the deal. CH Retail Fund, a private equity fund based in Dallas, purchased the property from Shops at Stonewalk LLC.
LAWRENCE, MASS. — Colliers International has brokered the acquisition of a six-story mill building located at 5 Franklin St. in Lawrence. Portland, Ore.-based Taom Heritage acquired the 500,000-square-foot property for an undisclosed price. The property is architecturally significant and the buyer views the building as a unique opportunity to participate in the revitalization of downtown Lawrence. Austin Smith of Colliers represented the buyer, while TA Sullivan Realty represented the seller, Franklin Hampshire Realty Corp.
RICHMOND, VA. — Cushman & Wakefield | Thalhimer has brokered the $3.6 million sale of a Car Pool Car Wash located at 11950 W. Broad St. in Richmond’s Short Pump district. Catharine Spangler of Cushman & Wakefield | Thalhimer represented the undisclosed buyer in the sale-leaseback transaction with the seller and tenant, Car Pool LLC.
PLANO, TEXAS — The Vitorino Group has arranged the sale of Willow Bend Crossing, the second phase of a newly constructed shopping center located near the southwest corner of the Dallas North Tollway and Park Boulevard in Plano. Bryce Gissler of the Vitorino Group represented the seller, a Dallas-based developer. The buyer, who was self-represented, is a Dallas-based private equity fund established to acquire core plus retail throughout Texas. The property spans 6,000 square feet and the existing tenants are Ideal Dental and VERTS Mediterranean Grill.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Dunkin’ Donuts, a 3,000-square-foot net-leased property located in Fort Worth. Vincent Knipp of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller, a limited liability company. Dunkin’ Donuts is located at 9629 White Settlement Road, less than one-half mile from I-820. Dunkin’ Donuts has operated at this location since 2008 and recently executed a new 10-year lease extension with three five-year options to renew.
HOUSTON — On behalf of Fidelis Realty Partners, JLL Capital Markets has completed recapitalization financing for Hedwig Village Shopping Center in Houston. John Hancock provided the 10-year, interest-only loan. Fidelis will continue to lease and manage the property. Tom Fish and Jimmy Board led the JLL team on the deal. Located on the south side of the Katy Freeway, Houston’s main east-west thoroughfare, Hedwig Village Shopping Center occupies one of the city’s most trafficked areas. The 226,933-square-foot shopping center also caters to the Hedwig Village and Piney Point neighborhoods. The fully leased asset includes anchor tenants such as Marshall’s Home Goods, Ross Dress For Less, DSW and Pier 1 Imports. JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers.
