FLORENCE, S.C. — St. Paul, Minn.-based AEI Capital Corp. has purchased a 4,200-square-foot Vitamin Shoppe building, located in Florence, for $1.54 million. The tenant is on a long-term lease for the single-tenant building. Steve Horvath of Charlotte, N.C.-based Berkeley Capital Advisors represented the seller in the all-cash transaction. The buyer was self-represented by Ian Harrison.
CHICAGO — CIM Group has acquired Block 37, a five-story retail center on the State Street corridor in Chicago's Central Loop, for an undisclosed amount. The 275,000-square-foot retail center is located directly across the street from Macy's State Street, the second largest department store in the nation. Tenants include Anthropologie, Sephora, Disney and Zara. The retail center is approximately 30 percent leased and CIM plans to lease the balance of the building to national and local retailers.
NEW YORK CITY — The SoHo Apple store, located at 103 Prince St. and owned by Imperium Capital and Centurion Realty, is nearing completion of a $20 million renovation. The 30,000-square-foot building was originally renovated in 2011 to utilize only about half of the maximum floor space available. Once the renovation is complete, the retail space will increase by about 5,000 square feet. The SoHo Apple store will reopen this July and is temporarily located at 72 Greene St.
GALVESTON — St. Paul, Minn.-based AEI Capital Corp. has purchased a 12,900-square-foot PetSmart property, located in Galveston, for $2.42 million. The single-tenant property was purchased in an all-cash transaction from an undisclosed seller. The buyer was self-represented by Ian Harrison.
LOS ANGELES — La Mancha/Cal-Asia Development Company has been named 7-Eleven’s preferred developer in the Southern California region. The convenience store has hired La Mancha to build 150 stores over the next three years. The company will target locations from San Luis Obispo to San Diego, and from Santa Monica to the Inland Empire and even Las Vegas. La Mancha is looking primarily for ground-up opportunities for build-to-suits, as well as both C-store and liquor store conversions. It is also looking for straight leasehold interests for free-standing stores, gasoline stores or end caps in multi-tenant centers. La Mancha/Cal-Asia will work in tandem with 7-Eleven’s real estate team.
COLUMBUS, GA. — St. Paul, Minn.-based AEI Capital Corp. has acquired an 8,300-square-foot Family Dollar property, located in Columbus, for $1.55 million. Family Dollar Stores Inc. has signed a long-term lease for the property. AEI was self-represented by Marni Nygard in the transaction, and Bryan Belk of Franklin Street's Atlanta office represented the undisclosed seller.
CHARLOTTE, N.C. — Marcus & Millichap has arranged the $1.02 million sale of the 49,688-square-foot Penny Pinchers Self-Storage, located at 124 Dorton St. in Charlotte. Michael Mele of Marcus & Millichap's Tampa, Fla., office, along with Allen Smith of the firm's Charlotte office and Stacey Gorman of the firm's Atlanta office, represented the seller, a limited liability company, in the transaction. Mele and Gorman also produced the buyer, a private investor.
BAYONNE, N.J. — Inland Real Estate Acquisitions has purchased Bayonne Crossing, a 356,647-square-foot shopping center in Bayonne for $75.2 million. Located just off the Hudson River, the acquisition includes a 91,109-square-foot Walmart and a 146,583-square-foot Lowe's Home Improvement. The newly built center was completed in 2012. Additional tenants include Michaels and Dollar Zone. Joe Cosenza of The Inland Real Estate Group Inc. represented the buyer in the deal. HFF represented the seller.
HOUSTON — Qdoba Mexican Grill will soon open a 2,667-square-foot restaurant in the 58,279-square-foot HEB Clear Lake shopping center, located near the intersection of Bay Area Boulevard and El Camino Real in Houston. H-E-B Grocery anchors the center, which is currently 89 percent leased to tenants including Papa John's Pizza, Darque Tan, State Farm Insurance and GNC. Ryan Orr of Houston-based Read King represented the tenant in the lease transaction. The landlord, Henry S. Miller Brokerage, was self-represented by Shawn Ackerman and Jason Du of the firm's Houston office.
STARKVILLE, MISS. — St. Paul, Minn.-based AEI Capital Corp. has purchased the 19,000-square-foot Tractor Supply, located at 1301 Greta Ln. in Starkville, for $2.85 million. Tractor Supply Co. has a long-term lease for the single-tenant building. AEI was self-represented by Ian Harrison in the transaction.