ROANOKE, VA. — Puglisi Family has purchased a McDonald's pad site from Fairway Roanoke for $1.3 million. The property is located at 1335 Hershberger Road in Roanoke. Thalhimer's Jake Copty brokered the sale.
NAPERVILLE, ILL. — Rockledge Furniture LLC dba Ashley Furniture has acquired a 41,331-square-foot retail building at Centre at Naperville, which is located at the corner of Route 59 and 75th Street in Naperville. Ashley Furniture plans to open a new location at the site this summer. The acquisition price was not released. Bill Argall of Great Street Realty Partners represented the buyer; Marget Graham and Katie Hennegan of Oakbrook Terrace, Ill.-based Mid-America Asset Management represented the seller, Inland Western Naperville 59 LLC, in the transaction.
DEPTFORD, N.J., AND LANGHORNE, PA. — Sixth Avenue Electronics has acquired two former Office Depot stores for a total of $6 million. Both locations are situated across from major shopping centers in their respective markets. The first property is located across from Deptford Mall in Deptford and traded for $3.3 million. The second property, which traded for $2.7 million, is located at 2365 E. Lincoln Highway, across from Oxford Valley Mall. Rob Cooper of Metro Commercial Real Estate represented Office Depot in both deals. R.J. Brunelli represented Sixth Avenue Electronics.
PHOENIX — Cassidy Turley BRE Commercial has completed the $3.2 million sale of a 3,838-square-foot freestanding retail building located at 830 S. Mill Ave. in Phoenix. Cassidy Turley BRE Commercial’s Ryan Schubert and Michael Hackett represented the seller, Scottsdale, Ariz.-based Bear Down Partners LLC, in the transaction, and the brokerage firm’s San Diego office represented the buyer, M.H. Sherman Co. of Sherman Oaks, Calif. The 0.56-acre property includes a 20-year ground lease with JP Morgan Chase.
PLEASANTON, CALIF. — An approximately 45,000-square-foot 99 Ranch Market has opened at Centro Properties Group’s Rose Pavilion Shopping Center, located 0.5 mile south of Interstate 580 at the northwest corner of the intersection of Santa Rita Road and Rosewood Drive in Pleasanton. The Asian American supermarket retailer’s 12th store includes a bakery, a deli, and wine and beer from around the world. Centro Properties Group was represented in-house by Jason Ball and Matthew Berger in the lease transaction.
DAHLGREN, VA. — OMZ King George broke ground last week on the King George Gateway shopping center, which could eventually encompass 300,000 square feet of retail space. The property is located across the street from Dahlgren Naval Warfare Center at the interchange of VA Route 301 and University Drive in Dahlgren. A 150,000-square-foot Walmart Super Center, which will open in spring 2011, will anchor the property. Quiznos Sub, Verizon Wireless and Auto Zone have also signed on to move into the shopping center.
NEW MILFORD, CONN. — Urstadt Biddle Properties (UBP) has acquired New Milford Shopping Plaza in New Milford for $22.5 million. Situated on Danbury Road, the property was constructed in the 1970s and renovated in 1990. Anchors for the 229,000-square-foot property include a 102,000-square-foot Walmart and a 72,000-square-foot Stop & Shop. Additional tenants include Dollar Tree, Union Savings Bank, Radio Shack, Hallmark and GameStop. The seller was not disclosed.
IRVING, TEXAS — Dallas-based Centric Capital Partners has purchased the 10,300-square-foot Ebby Halliday from a Richardson, Texas-based private investor for an undisclosed amount. The single-tenant, net-leased building is located at 7520 MacArthur Blvd. in Irving. Ebby Halliday was built in 1997 and is currently leased through 2016. Marcus & Millichap's Jason Vitorino and Philip Levy brokered the sale.
HOUSTON — Americal Financial TRS has sold a 4,635-square-foot property on a 0.9-acre parcel of land to Copperfield Retail for an undisclosed amount. Located at 6611 Highway 6 North in Houston, the development is leased by Amegy Bank. SRS Real Estate Partners' Rip Reynolds represented the seller.
DOVER, N.H. — Marcone Capital has arranged a $13 million loan for the refinancing of a New Hampshire shopping center. Shaw's Plaza is located at 851 Central Ave. in Dover. The 165,000-square-foot property is anchored by Shaw's Supermarkets and tenanted by Bed, Bath & Beyond, Petco, Rite Aid and Rocky's Ace Hardware. Occupancy was 95 percent at the time of closing. The owner is an affiliate of Northstar Properties. Mike Marcone of Marcone Capital secured the financing, which was provided by a Connecticut savings bank.