DUQUESNE, PA. — A Baltimore-based company has purchased the 56,000-square-foot Duquesne Plaza shopping center from an undisclosed party for $800,000. The property, located at 31 Duquesne Blvd. in Duquesne, is 50 percent occupied and has deferred maintenance issues. Michael Shover, Matthew Gorman and Thomas Gorman of Marcus & Millichap's Philadelphia office represented the buyer.
Retail
GRAND PRAIRIE, TEXAS — Philip Levy, Jason Vitorino and Tommy Tucker of Marcus & Millichap's Dallas office have represented a private seller in the sale of a 4,921-square-foot Christian Brothers Automotive retail property to a private buyer. Terms of the sale were not disclosed. The property is located at 2804 N.E. Green Oaks Blvd. in Grand Prairie. Built in 2006, the building is NNN-leased for 15 years. Levy and Vitorino represented the buyer.
HOUSTON —Brook Furniture Rental has leased a 22,500-square-foot property in Houston from HPF Investments. The building is located at 535 W. 38th St. Chris Caudill and Joel Michael of NAI Houston represented Brook Furniture Rental. Steve Hazel of Insite Realty Partners represented the landlord.
JACKSONVILLE, FLA. — Football Fanatics has signed a lease with First Winthrop for a 553,151-square-foot property in Jacksonville. The space is located at 5233 Commonwealth Ave. Colliers Dickinson's Guy Preston represented the tenant in the transaction. Bryan Bartlett and John Richardson of Grubb & Ellis|Phoenix Realty Group represented the landlord.
ROUND LAKE, ILL. — An undisclosed buyer has acquired Cedar Lake Plaza and surrounding out lots in Round Lake for a total sales price of $3.35 million. The 21,148-square-foot retail center sold for $1.6 million, while the 322,166 square feet of surrounding out lot land sold for $1.75 million. Evan Halkias and Michael Marks of Marcus & Millichap’s downtown Chicago office represented the undisclosed seller.
DALLAS — The Weitzman Group has completed the sale of the former Dillard's department store located at Southwest Center Mall in Dallas. The buyer, locally based El Rey Properties, plans to redevelop the two-story, 160,000-square-foot anchor building. Brian Glaser and Michelle Caplan of Weitzman, with assistance by Excess Space Retail Services, represented the seller, Dillard Texas LLC. Dave Valdez of ICB Properties represented the buyer. The acquisition price was not disclosed.
SANTA MONICA, CALIF. — Marcus & Millichap has brokered the $4.15 million sale of a 9,940-square-foot Aaron Brothers located in Santa Monica. The firm’s Lior Regenstreif and Kyle Matthews represented the seller, a private investor, in the transaction involving the net-leased property.
COUNCIL BLUFFS, IOWA — Council Bluffs HDI LP has completed the disposition of a 5,000-square-foot Sherwin Williams retail store in Council Bluffs. Located at 3525 Metro Drive, the property sold for $1.3 million. Thomas DeWaay, Mark Ruble, Jamie Medress and Matt Fitzgerald of Marcus & Millichap brokered the transaction.
CEDAR RAPIDS, IOWA — Bronco Land has purchased a 24,000-square-foot former Chrysler Dodge automobile dealership in Cedar Rapids for $1.65 million. After extensive renovations, Modern Piping, a Midwest mechanical contractor, will occupy the property. Kirk Hiland of NAI Iowa Realty Commercial represented the buyer; Adam Gibbs of NAI Iowa Realty Commercial represented the undisclosed seller.
NEW YORK CITY — Walgreens has signed a lease to open a new location in the Bronx, New York City. The pharmacy will occupy 7,543 square feet of space at 1800 Williamsbridge Road for a 20-year term. The pharmacy plans to expand the building by approximately 3,600 square feet, expand the parking lot and enhance the landscaping. A Citibank branch will continue to occupy the other half of the building. Robin Herko, Steve Lorenzo, Kathy Zamechansky and David Scotto, all of Yonkers, N.Y.-based NAI Friedland Realty, represented Walgreens in lease negotiations. Craig Evans of Colliers ABR, soon to be known as Cassidy Turley, represented the undisclosed landlord.