MACHESNEY PARK, ILL. — The Boulder Group has completed the $1.5 million sale of an Advance Auto Parts property, located at 1535 W. Lane Rd. in Machesney Park. Advance Auto Parts is the sole occupant of the 6,124-square-foot building that was developed in 2011. The company has 14 years remaining on its lease. Randy Blankenstein and Jimmy Goodman of The Boulder Group represented the seller, an Illinois developer, in the transaction. The buyer was a California-based private investment firm.
PITTSBURGH — Discount grocer Bottom Dollar Foods is opening 14 stores in greater Pittsburgh and Youngstown, Ohio. The first stores open Jan. 26. The retailer plans to include Pittsburgh Steelers players at each location for the Pennsylvania openings at 7:30 a.m. Stores include 12012 Frankstown Road, Penn Hills, Pa. (Randy Grossman); 1160 Washington Ave., Carnegie, Pa. (LC Greenwood); 1155 Washington Pike, Bridgeville, Pa. (Louis Lipps); 300 Eden Park Blvd., McKeesport, Pa.(Mike Meriweather); 2011 Sheffield Road, Aliquippa, Pa. (John Banaszak); 7350 Saltsburg Road, Pittsburgh (Mike Wagner); 5239 Brownsville Road, Pittsburgh (Robin Cole). Four additional Bottom Dollar Food stores will also open in Pennsylvania Feb. 9.
COLLEGE STATION AND LAREDO — CBL & Associates has plans for multi-million renovations of the 775,000-square-foot Post Oak Mall, located at 1500 Harvey Rd. in College Station, and Mall del Norte, 5300 San Dario Ave. in Laredo. Post Oak Mall will receive new flooring, upgraded entrances, soft seating, new food court design and updated lighting. Mall del Norte will receive upgrades that were started in 2007.
DEL RIO — NorthMarq Capital has arranged $15.75 million in financing for the 260,818-square-foot Plaza Del Sol, a regional mall located in Del Rio. John Burke and Chad Owens of NorthMarq's Houston office arranged the 10-year loan through Deutsche Bank's CMBS platform on behalf of the borrower, Levcor Inc. Plaza Del Sol's tenants include Marshalls, Ross Dress for Less, JC Penney, Bealls and Cinemark.
DENVER – One Lincoln Park, which consists of four retail condos, sold to White Crown Federal Credit Union for $1,254,795. The condos are located at 2001 Lincoln Street in Denver. The property was sold by EO, LLC dba Tower One Venture. White Crown was represented by Kittie Hook of Cassidy Turley Fuller Real Estate.
PORT ST. LUCIE, FLA. — The 511-unit Storage West, a storage facility located at 525 SW S. Macedo Blvd. in Port St. Lucie, has sold for $3.1 million. Boyd Bradfield of NAI Southcoast's Stuart, Fla., office represented the seller, Storage West LLC, in the transaction and procured the buyer, Jacksonville, Fla.-based Storage West Group LLC.
LEAWOOD, KAN. — Glimcher Realty Trust has closed on a $77 million mortgage loan secured by Town Center Plaza in Leawood. The 15-year loan has a fixed interest rate of 5 percent. The loan proceeds were used to retire the $70 million term loan in connection with completing the purchase of Leawood in December 2011. The remaining proceeds were used to reduce outstanding borrowings on the company's credit facility.
EASTPOINTE, MICH. — American Realty Capital Properties has acquired a Walgreens drug store in Eastpointe for $3.8 million. The property consists of a 15,120-square-foot, freestanding building. Walgreens Co. has a 20-year lease, with about seven years remaining.
CYPRESS — Hunington Properties has arranged the sale of the 39,757-square-foot Shoppes at Fry Road Shopping Center, located at the southeast corner of Highway 290 and Fry Road in Cypress. Philip Mullett of Houston-based Hunington Properties represented the undisclosed buyer.
MARCO ISLAND, FLA. — A 15,000-square-foot Walgreens, located in Marco Island, has sold for $5.7 million. Walgreens is on a 50-year, double-net lease, with 8 years remaining on the original term. Dougall McCorkle of Naples, Fla.-based Premier Commercial represented the seller in the transaction and Rainer Filthaut of Naples-based International Realty Co. represented the buyer, a private investor.
