SUGAR LAND, TEXAS — Houston-based Baker Katz has brokered the sale of a 3,700-square-foot retail asset in Sugar Land, a southwestern suburb of Houston. Lunden McGill of Baker Katz represented the seller and former occupant of the building, Amegy Bank. Barkley Peschel of Colliers International represented the buyer, a private investor. Other terms of sale were not disclosed.
HESPERIA, CALIF. — Progressive Real Estate Partners has directed the sale of a free-standing gas station and convenience store, located at 16815 Main St. in Hesperia. An Orange County, Calif.-based private investor sold the property to a Nevada-based private investor for $4.6 million. Encompassing a 1-acre site, the transaction included an eight-pump ARCO Gas Station and a 2,500-square-foot AM/PM Convenience Store. The building was built in the late 1980s. Victor Buendia of Progressive Real Estate Partners represented the seller and buyer in the deal.
YONKERS, N.Y. — Marcus & Millichap has negotiated the $2.7 million sale of a 9,500-square-foot retail property in Yonkers. Located at 896 McLean Ave., the property is currently net leased to Dollar Tree. Alan Cafiero, Ben Sgambati and Matt Leszyk of Marcus & Millichap’s New Jersey office represented the seller, a private investor, in the transaction. The buyer was a personal trust.
ARLINGTON, TEXAS — Weitzman’s management division will soon begin the redevelopment of Fielder Plaza, a 157,575-square-foot retail center in Arlington. The project will include a remodeling of the interior of the 52,000-square-foot anchor space occupied by grocer Tom Thumb, as well as a complete remodeling of the property’s exterior elements. The center, which is home to other tenants such as CVS, Starbucks, Pet Supermarket, Mathnasium, Edible Arrangements and Batteries Plus, opened in 1978. The architect for the remodel is Hodges & Associates.
HAYWARD AND SAN LEANDRO, CALIF. — Levin Johnston of Marcus & Millichap has directed two property sales, totaling $23.4 million, in the East Bay area of San Francisco. In the first deal, Levin Johnston, Adam Levin and Eymon Binesh of Marcus & Millichap brokered the acquisition of Stratford Village Center, located at 1641-1645 Industrial Parkway West in Hayward. A private buyer acquired the property for $12.9 million. Originally constructed in 2003 and 2004, Stratford Village Center features 40,852 square feet of retail space. At the time of sale, the property was 100 percent occupied by a variety of tenants, including Starbucks Coffee, Subway, Fremont Bank, Straw Hat Pizza, DaVita Inc., Select Staffing, CosmoProf and Manheim Inc. In the second transaction, Levin and Johnston represented the buyer and seller, both local apartment owners, in a $10.5 million multifamily transaction. Located at 15977 Maubert Ave. in San Leandro, The Maubert Apartments is a garden-style apartment community comprising four buildings offering a total of 34 apartments in a mix of two-bedroom/two-bath and one-bedroom/one-bath flats. On-site amenities include a gated and secured entryway, private balconies, assigned covered parking and on-site laundry.
MADISON, WIS. — Lamar Cos., in conjunction with Real Capital Solutions, has acquired East Town Plaza in Madison for an undisclosed price. The 216,785-square-foot shopping center is 83 percent leased. Tenants include Burlington, Marshalls, Ross Dress for Less, Jo-Ann Fabrics, DSW, Ulta and Party City. The property, built in 1999, is positioned along East Washington Avenue. The seller was not disclosed.
SARASOTA, FLA. — Consolidated-Tomoka Land Co. has sold The Shoppes at Sarasota Row, a 59,341-square-foot retail center in Sarasota, to New York Real Estate Investors for $24.6 million. Whole Foods Market and Starbucks Coffee anchor the property, which is situated less than a mile from downtown Sarasota. Other tenants include California Closets, Scout & Molly’s Boutique, Tsunami Sushi and Hibachi Grill, Nuovo Salon and Paint Nail Bar. Carson Good, Tarik Bateh and Dan Williams of JLL represented the seller in the transaction.
EASTON, MD. — KLNB Retail Investment Sales Group has arranged the $13 million sale of Easton Marketplace, a 126,650-square-foot grocery-anchored shopping center in Easton. The asset is anchored by Weis supermarket and sits on 18.4 acres. Other tenants include McDonald’s, Ruby Tuesday, Pier 1 Imports, Hair O’ The Dog liquor store and Snifter’s Tasting Room. Andy Stape and Vito Lupo of KLNB represented the sellers, Mears Properties LLC and Easton Marketplace LLC, in the transaction. Rise Partners acquired the property and hired KLNB Management as property manager.
KATY, TEXAS — Dallas-based Venture Commercial has arranged the sale of a 97,761-square-foot retail asset located within the Cinco Ranch at Market Center development in the western Houston metro of Katy. John Zikos, Jonathan Cooper, Don Miller and Lawrence Wilson of Venture Commercial represented the buyer in the transaction. The seller was not disclosed.
FRISCO, TEXAS — SHOP Cos. has brokered the sale of Preston Stonebriar Shopping Center, a 27,638-square-foot retail center located along Preston Road in the northern Dallas suburb of Frisco. The newly built property is situated on 3.6 acres and was 100 percent leased at the time of sale to tenants such as Burning Rice, Finley’s Barbershop and Cosmo Nails & Spa. Tommy Tucker, Tim Axilrod and Cameron Burk of SHOP Cos. represented the seller and procured the buyer in the transaction. Both parties requested anonymity.