EPHRATA, PA. — A joint venture between Heidenberg Properties Group and Strategic Real Estate Partners has acquired Ephrata Commons Shopping Center, located at 385 N. Reading Road in Ephrata. An undisclosed seller sold the property for $6.1 million. Tenants at the 54,810-square-foot shopping center include Redner’s Warehouse Market, Tokyo Asian Cuisine, RadioShack, Cecilia’s Beauty Salon, Wild Wings Pizza & Things and Gehman Jewelers.
SAN FRANCISCO — Vanbarton Group has purchased a 117,000-square-foot office building in San Francisco for $83 million. The 15-story tower is located at 115 Sansome St. It is fully leased. The property was built in 1912 as the Standard Oil Co. headquarters. The seller, TA Realty, had converted more than 70 percent of the building to creative office space. JLL’s Michel Seifer and Erik Hanson represented TA Realty in the transaction.
DENTON, TEXAS — Fidelis Realty Partners has purchased Rayzor Ranch Marketplace, a retail property located at the corner of State Highway 380 and I-35 in Denton, for an undisclosed price. Academy Sports + Outdoors, Ross Dress for Less, Petco, Jo-Ann Fabric and Crafts, Boot Barn and Guitar Center are tenants at the 252,000-square-foot retail center, while the overall center contains 641,000 square feet of retail space, including the Walmart, Sam’s Club and Kohl’s shadow anchors. Additionally, the acquisition included 18 acres of land for future development. The name of the seller was not released.
CARROLLTON, TEXAS — Pierson Retail Advisors has brokered the sale of Hebron Heights, a neighborhood retail center located in Carrollton. A Texas-based group sold the property to an out-of-state buyer for an undisclosed price. At the time of sale, the 31,992-square-foot property was fully leased to Kumon Learning Center, Premier Dental, Hebron Veterinary Hospital and Pet Supplies Plus. Pierson Retail Advisors represented the seller in the deal.
WEBSTER, TEXAS — KAMTAG LLC has acquired a multi-tenant retail property located at 145 Magellan Circle in Webster. WDC Mag One LLC sold the asset in an off-market transaction for an undisclosed sum. At the time of sale, the 9,781-square-foot property was fully occupied. Reed Vestal and Taylor Schmidt of Lee & Associates represented the buyer in the deal.
PITTSBURGH — QuickLiquidity has purchased a partnership interest in a $25 million neighborhood shopping center in the Pittsburgh metropolitan area. The partnership owns a 275,000-square-foot retail property anchored by Giant Eagle. The property is more than 95 percent occupied by a variety of tenants, including Dollar General, PNC Bank, Chick-fil-A, Starbucks Coffee, MedExpress, Aaron’s and Mattress Firm. The name of the seller was not released.
DARIEN, CONN. — Avison Young has closed the sale of a mixed-use residential and retail property located at 13 Grove St. in Darien. Day Street Development LLC sold the property to Blackshaw Chriscott LLC for $4.9 million. The 5,726-square-foot property features two ground-level retail spaces, occupied by Le Boudoir and Darien Butcher Shop, and three apartment units. Alison Luisi and Ted Stratigos of Avison Young arranged the deal.
PITTSBURGH — HREC Investment Advisors has brokered the sale of La Quinta Inn & Suites Pittsburgh North McKnight, located at 4859 McKnight Road in Pittsburgh. Buffalo, N.Y.-based Hamister Group acquired the 145-room hotel for an undisclosed price. Ketan Patel and Ted Anka of HREC represented the seller in the transaction.
NEW ALBANY, IND. — General Mills has sold a 455,000-square-foot manufacturing plant in New Albany, just across the state border from Louisville, Ky., to a joint venture of New Mill Capital Holdings and Tiger Capital Group. The sales price was not disclosed. The new owners intend to auction the remaining equipment in early 2017, and remarket the real estate for manufacturing uses. Located at 707 Pillsbury Lane, the plant sits on approximately 34.5 acres. The building has numerous loading docks and access points and can be adapted for a single occupant or multiple tenants. Jeff Counsell of Global Food Properties represented General Mills in the transaction and will continue to represent the new owners.
CINCINNATI — BestDrive, a commercial tire dealer and retreader, has opened an 18,500-square-foot retail location in Cincinnati in the Cincinnati Enquirer building. Located at 10801 Millington Ct., the building is off I-75 near the I-275 interchange. BestDrive’s new shop and service center will continue to increase expansion of the Continental tire and ContiLifeCycle (CLC) retread service network throughout the Midwest and the United States. Robert Bunton of CBRE represented BestDrive in the transaction.
