WESTON, FLA. — Marcus & Millichap represented a private seller in the $2.92 million sale of SunTrust Crossing to an undisclosed buyer. The 6,400-square-foot shopping strip is located at 2575 Glades Circle in Weston. Michael Zimmerman of the firm's Fort Lauderdale, Fla., office represented the seller.
Retail
MIDLOTHIAN, VA. — Village Mill Land Investments has sold a 1.35-acre 7-Eleven ground lease to a New York-based investor for $1.92 million. 7-Eleven has 17 years remaining on its lease of the property, which is located at 13866 Village Place Drive in Midlothian. Eric Robison and Austin Newman of Thalhimer brokered the sale.
INDIANAPOLIS — The New York-based department store Shoppers World has opened a new store location at Felbram Plaza North in Indianapolis. The 85,000-square-foot store brings the retail center’s occupancy rate to 95 percent. Other tenants at the 185,589-square-foot center include Dollar Tree, Payless Shoes, GameStop, Fantastic Sams, MCL Restaurant, Firestone Tires, CiCi’s Pizza, Radio Shack and GNC. The center is owned by Nassimi Realty.
CANANDAIGUA, N.Y. — Sperry Van Ness (SVN) has brokered the sale of the Tops Supermarket in Canandaigua for $8.75 million. The 57,498-square-foot building was constructed in 2002 and sits on 11 acres at 5150 North St. Joseph French and Tom Dalzell of SVN's White Plains, N.Y., office represented the seller, Salt Lake City-based Phillips Edison & Co., as well as the buyer, a New York City-based private investor.
NEW YORK CITY — Marcus & Millichap has completed the sale of a retail building located at 407 Park Ave. in New York City for $8.7 million. The two-story building includes 29,450 square feet of air rights. Upscale men's clothing story Stefano Ricci occupies the entire building. Adelaide Polsinelli and Steve Siegel of Marcus & Millichap's Manhattan office represented the seller, 407 Park LLC. Glen Kunofsky and James Ventura, also of Marcus & Millichap, represented the buyer, Land Finance Corp.
HOUSTON — A Houston-based developer has sold the 14,112-square-foot La Michoacana Meat Market to a private buyer for an undisclosed price. The property is located on a 73,436-square-foot parcel on Elton Road in Houston. Todd Carlson of Marcus & Millichap represented the seller.
HOUSTON — Mody Interests has sold a 12,157-square-foot retail building to Roade Properties for an undisclosed amount. The property, which is located on 25,001 square feet of land at 3012 Hillcroft in Houston, will be used as a meat market. Anastacio Sanchez of Sun Realty Texas represented the buyer. Moody Rambin Interests represented the seller.
ROCKVILLE, MD. — Potomac, Md.-based Willco Cos., in partnership with Fanaroff & Steppa and Don Hinton, has purchased a 50,000-square-foot retail building from Koob Veneman for $5.25 million. The property, located at 12401 Twinbrook Parkway, is occupied by Guitar Center. The tenant moved into the property in 2000 after Veneman Music Co. closed.
LEXINGTON, KY. — Shrout Properties has purchased the 8,500-square-foot former Lexington Antique Gallery from Thunderbird Properties for an undisclosed amount. The property is located at 637 E. Main St. in Lexington. Jennie Brown of Alden Real Estate represented Shrout. NAI Isaac Commercial Properties' Al Isaac represented the seller.
WEATHERFORD, TEXAS — Texas Taco Cabana has purchased a 42,500-square-foot property from Weatherford I-20|Main St. for an undisclosed amount. The building is located in the Weatherford Ridge shopping center at the intersection of Interstate 20 and Main Street in Weatherford. John T. Evans Co.'s Dan Garrett represented the buyer. Jeremy Zidell of The Retail Connection represented the seller.