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ST. LOUIS — St. Louis-based Walton Construction is advancing construction for three Wal-Mart Supercenter projects in Missouri and Illinois. The firm began construction of a 180,954-square-foot Wal-Mart, located in Harrisburg, Ill., in November 2007, and is expecting completion by August. The firm is also building a Wal-Mart Supercenter in Jacksonville, Ill., which is scheduled for completion in February. Finally, the firm is expanding an existing Wal-Mart located in Chesterfield, Mo., into a 190,617-square-foot Supercenter. The project began this past fall and is scheduled to be complete in October. Wichita, Kan.-based Law/Kingdom is providing design services for the Chesterfield and Harrisburg projects, while The Benham Group is designing the Jacksonville project.
ARCHBALD TOWNSHIP, PA. — HK Commercial Realty Advisors has completed the $7.5 million sale of Sugerman’s Plaza in Archbald Township. The 455,000-square-foot facility is home to several warehouse tenants and the largest indoor flea market. The property, set on 57 acres, contains 10 undeveloped acres for future retail construction. Edward Horne and Martin Kreiman of HK Commercial represented the seller, Sugerman Equities, and the buyer, TSC Associates, in the disposition.
EAST WENATCHEE, WASH. — Los Angeles-based Vintage Capital Group has purchased Wenatchee Valley Mall, a 339,725-square-foot retail center located at 511 Valley Mall Pkwy. in East Wenatchee, for $32.5 million. At the time of acquisition, the property was 92 percent leased to a variety of tenants, including Macy’s, Sears, Bed, Bath & Beyond, Ross Dress For Less, Bath & Body Works, Wells Fargo Bank, Pac Sun, GNC, Foot Locker and Kay Jewelers. Richard Walter of Irvine, Calif.-based Faris Lee Investments represented the seller, Irvine-based PASSCO, and the buyer in the transaction.
EDGEWATER, COLO. — Greg Price and Josh Newell of Marcus & Millichap’s Denver office represented Dr. Paul Fishman, a private investor from Denver, in the acquisition of a 5,400-square-foot neighborhood shopping center, which is located at 2255 Sheridan Blvd. in Edgewater. Sheridan Legacy LLC and a Colorado-based limited liability company sold the property for $1.9 million or $351.85 per square foot. Russ Agnew of Marcus & Millichap’s Denver office listed and marketed the property on behalf of the sellers.
VALLEY TOWNSHIP, PA. — Colliers Lanard & Axilbund (CL&A) has completed the sale of Airport Village Shopping Center in Valley Township. The 70,730-square-foot retail center was sold by Airport Village Associates for an undisclosed price to Phillips Edison & Co. Jerry Ward of CL&A was the sole broker in the disposition.
BERGENFIELD, N.J. — Anthony Cassano of NAI James E. Hanson has completed the sale of a 2,400-square-foot commercial building in Bergenfield. Cassano represented the seller, TD Banknorth, and the buyer, Dr. Kevin Lee. The new owner plans to expand the building, which is located at 35 N. Washington Ave. The sale price was undisclosed.
STAFFORD, TEXAS — CB Richard Ellis’ Dallas Capital Markets Debt & Equity Finance team has secured $100 million in financing for The Fountains on the Lake retail center located at Southwest Freeway and Fountain Lake Drive in Stafford. The 589,201-square-foot property’s tenants include Off Fifth Avenue- Saks Fifth Avenue Outlet, Borders, Bed Bath & Beyond, Office Max, Stein Mart and Sports Authority. Randy Fleisher and Jason Piering of CB Richard Ellis’ Dallas Capital Markets Debt & Equity Financing structured the joint venture equity and acquisition financing on behalf of Dunhill Partners.
JACKSONVILLE, FLA. — The Jacksonville office of Cushman & Wakefield has arranged the sale of Monument Pointe Shopping Center, a 76,628-square-foot shopping center located at 1531 Monument Rd. in Jacksonville, for $6 million. The center is anchored by Winn-Dixie and CVS/pharmacy, and was 95 percent occupied at the time of closing. Karl Johnson of Cushman & Wakefield represented the seller, Miami-based Equity One. The property was acquired by Hallandale, Fla.-based Isram Realty & Management.
TAMPA, FLA. — Florida-based RMC Property Group has acquired The Tampa Commons Shopping Center, a 56,423-square-foot shopping center located at the intersection of Dale Mabry Highway and Kennedy Boulevard in Tampa. The shopping center is occupied by Barnes & Noble, Office Depot, Ruby Tuesday and Leather Express. The seller, as well as the acquisition price, was undisclosed. Bank of America provided financing for the transaction.