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GLENMONT, N.Y. — Marcus & Millichap has arranged the sale of Bethlehem Town Center II, a 73,613-square-foot shopping center in Glenmont, for $12.3 million. The fully leased shopping center, which is located three miles from downtown Albany, was purchased at a 7.09 percent capitalization rate. Current tenants include Panera Bread, Five Guys Burger & Fries, SuperCuts, Taco Bell, and Twist ‘N Flip Gymnastics. Joseph C. French, Jr. and Thomas Dalzell of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, a private investor.