YULEE, FLA. — Canadian real estate investment trust H&R REIT has purchased a 175,000-square-foot shopping center located on northeast Florida’s Amelia Island for $20.9 million. The Village of Amelia is situated on State Road 200 in Yulee. Its anchors include Publix, Kohl’s, TJ Maxx, Ross Dress for Less and JoAnn Fabrics. The CB Richard Ellis team of Donald Jennewein, Michael Strober and Amanda Valenti represented H&R as well as the undisclosed seller in the deal.
OLIVE BRANCH, MISS. — The Boulder Group has brokered the sale of a 7,008-square-foot AutoZone located 23 miles south of downtown Memphis, Tenn., in Olive Branch. The building, which was constructed in 2004, sits on a 40,843-square-foot parcel at 7322 Hacks Cross Road. AutoZone occupies it on a triple-net lease with seven years remaining on its term. The lease features 10 percent rent escalations in the primary term and in each renewal option. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a Southeast-based partnership. The buyer was a 1031 exchange investor.
JANESVILLE, WIS. — Dressbarn has leased 8,184 square feet at Pine Tree Plaza, a retail center located at 2900 Deerfield Drive in Janesville. Teresa Shemitis, vice president, and Andrew Prater, broker, at Mid-America Real Estate represented the landlord in the transaction. Dressbarn is a women’s clothing retailer for petites, misses and plus sizes.
MILLVILLE, N.J. — CBRE Group Inc. has completed the $1.3 million sale of a 8,640-square-foot, net-leased building in Millville, located in southeast New Jersey. Dollar General occupies the building, which is located at 1406 N. High St., under a long-term lease. Elli Klapper and Charles Berger of CBRE’s Private Capital Group represented the seller, a private investor.
LEWISVILLE, TEXAS — Kroger and retail development services leader Cencor Realty Services have revealed plans for a Kroger Marketplace-anchored community/regional-draw center to be located at the southwest corner of SH-121 and Josey Lane in Lewisville. Of the development’s 350,000 total square feet, the Kroger Marketplace, which will offer furniture, housewares, small appliances and more alongside the traditional grocery items, will occupy 123,000 square feet. Retail shops will account for the remaining space, and additional footage will host freestanding, small-shop and restaurant renters. Cencor’s sister company, the Weitzman Group, will handle the leasing of the development.
SILVER SPRING, MD. — Regency Centers Corp. has purchased the Shoppes of Burnt Mills, a 31,316-square-foot neighborhood shopping center located in Silver Spring, for $13.6 million. Constructed in 2004, the property is anchored by Trader Joe’s. Additional tenants include Starbuck’s Coffee, Chico’s and AT&T. Regency completed the purchase in partnership with an undisclosed investor. The seller’s name was also not disclosed.
COLUMBIA, S.C. — Berkeley Capital Advisors has brokered the sale of a retail property occupied by Ashley Furniture HomeStore in Columbia for $4.9 million. Ashley occupies the property under a new 12-year, absolute net lease. Berkeley Capital’s Steve Horvath and Jay Levell represented the seller, a private partnership. The buyer was a private party completing a 1031 exchange.
CARROLLTON, GA. — Q10 | Professional Mortgage Co. has arranged a $12.4 million acquisition loan for McIntosh Plaza, a 161,257-square-foot retail center located at 1109 S. Park St. in Carrollton. Publix and Belk anchor the center, and Target serves as a shadow anchor. Q10’s Bryson Thomason and Trey Warren III arranged the permanent loan on behalf of the undisclosed buyer, which was completing a 1031 exchange.
CHICAGO — Newmark Grubb Knight Frank’s Real Estate Finance Group has arranged $11.7 million in acquisition financing for Belden Centre, a 52,806-square-foot retail center in Chicago. Little GEMS International Preschool occupies 32,250 square feet of the center, which is fully leased. The borrower, a Chicago-based institutional investor, acquired the center in June for $18 million from a joint venture between Chicago-based investor James Purinton and Arlington Heights-based ACG Equities Inc. The five-year, nonrecourse loan includes one year of interest-only payments followed by a 30-year amortization schedule. Ben Greazel, senior managing director at Newmark Grubb Knight, arranged the financing between the borrower and the lender, a Chicago-based bank.
WASHINGTON TOWNSHIP, N.J. — Azarian Realty Co. has arranged five leases totaling 7,671 square feet at Washington Town Center. Dunkin’ Donuts, Original Pizza, Eye Level Learning Centers, BK Tae Kwon Do and Body Empathy Spa are the new tenants. The shopping center is located at 273 Pascack Road in Washington Township, about 19 miles south of Philadelphia.