OMAHA, NEB. — Omaha-based Grubb & Ellis|Pacific Realty has brokered the sale of a 31,766-square-foot retail center located at 11414 Davenport St. in Omaha. Sundance Properties LLC has acquired the property from Shaver Realty Co. Terry Root of Grubb & Ellis|Pacific Realty represented the seller in the transaction. The acquisition price was not disclosed.
COPPELL, TEXAS — Dallas-based United Commercial Realty/Chain Links (UCR) has arranged a lease in Coppell. Arizona-based Sprouts Farmers Market will occupy 28,673 square feet of anchor space formerly tenanted by grocer Albertson’s at a shopping center located at the corner of Sand Lake and Denton Tap roads in Coppell. Jean Smith and Karla Smith of UCR represented the tenant in lease negotiations. Christopher Gibbons and John Zikos of Dallas-based Venture Commercial Real Estate represented the undisclosed landlord. Terms of the lease were not released.
PASO ROBLES, CALIF. — Regency Centers is developing Golden Hills Plaza, a 291,612-square-foot retail center in Paso Robles. Located at Highway 46 and Golden Hills Road, the center will feature a 169,112-square-foot Lowe’s Home Improvement Warehouse and a 25,000-square-foot Bed, Bath & Beyond. The center will also feature sustainable design in conjunction with the company’s greengenuityTM program.
MADISON, WIS. — Mid-America Real Estate Corp.’s Investment Sales Group of Oakbrook Terrace, Ill., has arranged the sale of High Point Center, a retail development located on Mineral Point Road in Madison. The 86,000-square-foot shopping center, which is positioned adjacent to a 1.3 million-square-foot mall, is anchored by Pier 1 Imports. Wisconsin-based Outlook Development has acquired the property for an undisclosed amount. Rick Drogosz, Bonnie Ferguson Tripton and Dan Rosenfeld of Mid-America represented the seller in the transaction.
OVERLAND PARK, KAN.; AND JOHNSTOWN, OHIO — San Rafael, Calif.-based The Silver Group has brokered the sale of an 8,064-square-foot National Tire & Battery store located in Overland Park. The retail facility was sold for approximately $3.2 million to a California-based family trust, which completed a tax-deferred exchange. The Silver Group represented both parties in the transaction. Additionally, Greg Cunha of The Silver Group has completed the sale of a Dollar General store in Johnstown, Ohio. An undisclosed Ohio-based investor has acquired the store, which is leased to Dollar General for a 10-year term.
NEW YORK CITY — Crown Acquisitions has acquired 1553 Westchester Avenue, a newly constructed, 10,000-square-foot retail property located in the Bronx, New York City, in a $6 million transaction. AT&T has already signed a lease for 2,500 square feet at the property, and will anchor the Ward Avenue corner of the property. The lease transaction was negotiated by Winick Realty. Crown Acquisitions will direct the leasing of the remaining 7,500 square feet. The seller was not disclosed.
BEAUMONT, SAN ANTONIO AND BELTON, TEXAS — San Rafael, Calif.-based The Silver Group has brokered three Texas 1031 exchanges. In Beaumont, the company completed the sale of a 98,000-square-foot Academy Sports + Outdoor superstore. The private, East Coast-based buyer acquired the property for $9.3 million. The Silver Group represented the both parties in the transaction. In San Antonio, The Silver Group completed the sale of an IHOP restaurant located in northwest San Antonio. The restaurant has 20 years remaining on its corporate lease. The buyer was a California-based investor. In Belton, The Silver Group represented a California-based duck club in the 1031 purchase of a newly constructed Jack In the Box restaurant. The property is located next to a new Walgreens and across the street from Wal-Mart, HEB Grocery and 1st National Bank. It has a 20-year lease for the location. The acquisition prices in all three transactions were not disclosed.
PHOENIX — Macerich, in partnership with DMB, has unveiled plans to develop Palisene, a retail center in northeast Phoenix. Located at the Scottsdale Road intersection, the 1 million-square-foot center will feature a retractable roof. Dillard’s has signed on to be one of four anchors of the project, which is slated for completion in 2011-2012.
HUDSON, FLA. — Jacksonville, Fla.-based Case Pomeroy Properties has sold the 79,283-square-foot Fairway Oaks Shopping Center, located at the intersection of Little Road and Hudson Avenue in Hudson, to Atlanta-based Forge Capital Partners for $7.62 million. The 14-year-old property is anchored by a 42,323-square-foot Publix and is 84 percent leased. Karl Johnston and Patrick Berman of Cushman & Wakefield represented the seller.
HOLLYWOOD, FLA. — Bealls Outlet Stores has set its sights on the 138,056-square-foot Hollywood Festival Shopping Center, located at the intersection of Taft Street and 66 Avenue in Hollywood, signing an 8-year lease worth $1.12 million. The 20,020-square-foot store will open its doors next spring. Bealls will join Winn-Dixie, Family Dollar, CVS/pharmacy, RadioShack and Foot Locker in the shopping center. Tim Neal of Fort Lauderdale, Fla.-based Neal Realty & Investments represented the landlord in the transaction.