CHARLOTTE, N.C. — Kimco Realty Trust has acquired a four-property portfolio that includes four shopping centers in the Carolinas from EDENS. The properties include the 51,691-square-foot Forest Park in Greenville, S.C.; the 88,955-square-foot Davidson Commons in Davidson; the 73,230-square-foot Mountain Island Marketplace in Charlotte; and the 153,820-square-foot Overlook Village in Asheville, N.C. Berkeley Capital Advisors represented the seller in the transaction.
WEST PALM BEACH, FLA. — Marcus & Millichap has negotiated the $1.93 million sale of a 6,800-square-foot Sweet Tomatoes ground lease, located at 1900 Palm Beach Lakes Blvd. in West Palm Beach. The restaurant has 13 years remaining on the ground lease, with provided rental increases every five years. Matthew Gorman and Michael Shover of Marcus & Millichap's Philadelphia office, along with Robert Granada of the firm's Fort Lauderdale, Fla., office, represented the seller, a New Jersey-based limited liability company, in the transaction. Gorman, Shover, Granada and Douglas Mandel, also of the firm's Fort Lauderdale office, represented the buyer, a South Florida-based limited liability company.
OMAHA, NEB. — Northern Tool + Equipment has signed a lease for 15,142 square feet of retail space at 7202 Pacific St. in Omaha. Clay Mote of Venture Commercial represented Northern Tool in the transaction. The landlord, MarVon LLC, was self-represented.
OAK BROOK, ILL. — Inland Real Estate Acquisitions has acquired a portfolio of nine Walgreens stores in the Northeast for $68.7 million. The purchase includes three stores in New Jersey, two in Connecticut, two in Massachusetts and two in New Hampshire. Each property is leased to a subsidiary of Walgreens Co. under a triple net lease, with a remaining lease term of more than 20 years.
HELOTES — Satterfield & Pontikes Construction (S&P) has commenced construction on a 159,000-square-foot, $9.9 million Walmart, located on an 18-acre site at the intersection of Leslie and Bandera roads in Helotes, near San Antonio. Scott & Goble are providing design and architectural services for the store, which will include a brown limestone exterior and metal roof canopies. The store is slated to open early next year.
ORANGE CITY, FLA. — Inland Real Estate has purchased the 119,590-square-foot Saxon Crossings Shopping Center, located at 2607 Enterprise Road in Orange City, for $20.7 million. LA Fitness and Hobby Lobby anchor the center, and additional tenants include Jimmy John's, Papa John's Pizza, Woody's BBQ and Mattress One. Cliff Taylor of CBRE Group's Jacksonville, Fla., office, along with Daniel Baker of the firm's Orlando, Fla., office, represented Saxon Crossing Partners, the seller, in the transaction.
EL RENO, OKLA. — Northbrook, Ill.-based The Boulder Group has brokered the $4.89 million sale of a 13,650-square-foot Walgreens property, located at 1550 SW 27th St. in El Reno. The property is fully leased to Walgreens with 22 years remaining on the lease term. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, an Oklahoma-based developer, in the transaction. The buyer was an individual investor from South Dakota.
DALLAS — The Weitzman Group has arranged the sale of an 8,300-square-foot grocery store, located at 4405 Ross Ave. at Ashby Street in Dallas. Daniel Rivas of The Weitzman Group represented the buyer, Dallas-based Scarsdale One, in the transaction. The Weitzman Group will handle the property's leasing.
SUNRAY — Marcus & Millichap has arranged the sale of a 8,000-square-foot Family Dollar, located at the southwest corner of Main and Fifth streets in Sunray. Edward Benton of Marcus & Millichap's Houston office represented the seller, a developer, in the transaction. The Family Dollar sold for $950,000.
NASHVILLE, TENN. — A portion of the 700,000-square-foot Nashville West, an upscale, open-air shopping center located in west Nashville, has sold for $73.2 million. The sale includes the inline section from Dick's Sporting Goods to Books A Million, as well as Staples, Party City and PetSmart. Costco, Target and the outparcels were not included in the sale. Parkes Cos. and Newton Oldacre McDonald, the developers, were the sellers in the transaction. The buyer was Delaware-based Nashville West LLC.