more_sales_and_leases

CBRE | Richmond Brokers $5.9M Sale of Midlothian Station Shopping Center

by John Nelson June 3, 2016

MIDLOTHIAN, VA. — CBRE | Richmond has brokered the $5.9 million sale of Midlothian Station, a 67,246-square-foot shopping center located at 13531-13579 Midlothian Turnpike in Midlothian. The Butz Family purchased the property, which was 91 percent leased at the time of sale to tenants such as YouFit Health Club, Ace Hardware, Taylor’s Do It Center and Coalfield Antiques. Will Bradley of CBRE | Richmond, along with Kris Knepper of CBRE | Hampton Roads, represented the seller in the transaction. Martin Blum and Andrew Ferguson of Colliers International represented the Butz Family.

June 3, 2016

Georgia Retail Southeast

SRS Arranges $1.5M Sale of Bank of America Branch in Savannah

by John Nelson June 3, 2016

SAVANNAH, GA. — SRS’ Southeast investment sales team has brokered the $1.5 million sale of an outparcel leased to Bank of America in Savannah. The 3,563-square-foot building is located at 14083 Abercorn St. in front of Savannah Mall. John Topping Jr. and Robert Drake of SRS’ Atlanta office represented the seller, SSF Savannah Properties LLC, in the transaction. Matthew Mousavi and Patrick Luther of SRS’ national net lease group in Newport Beach, Calif., represented the West Coast-based buyer, L.L. Ventures LLC.

June 3, 2016

California Retail Western

CBRE Arranges 19,000 SF Lease for Co-Opportunity Natural Foods in Culver City

by Nellie Day June 3, 2016

CULVER CITY, CALIF. — CBRE Group has completed a 19,000-square-foot lease for Co-Opportunity Natural Foods, a Santa Monica-based boutique grocery store, at Access Culver City in Culver City. Known as The Co-op, Co-Opportunity Natural Foods has sold natural, organic and local foods to the Santa Monica area since 1974. The new location, which is slated to open in early 2017, will be the company’s second store. Located at 8770 Washington Blvd., Access Culver City is a transit-oriented urban mixed-use project featuring 31,240 square feet of retail and restaurant space below 115 apartments.

June 3, 2016

California Retail Western

Marcus & Millichap Negotiates $2.4M Sale of 7,840 SF Retail Property in Los Angeles

by Nellie Day June 3, 2016

LOS ANGELES — Marcus & Millichap has arranged the sale of Vernon Square, a retail property located at 515 E. Vernon Ave. in Los Angeles. A limited liability company acquired the 7,840-square-foot asset from a private investor for $2.4 million. Built in 1988, the property features a stable tenant mix of local retailers. Chris Martin of Marcus & Millichap’s West Los Angeles office represented the seller and buyer in the transaction.

June 3, 2016

California Retail Western

Retail California Brokers 3,300 SF Retail Lease in Madera

by Nellie Day June 3, 2016

MADERA, CALIF. — Retail California, a division of Pearson Realty, has arranged the lease of 3,300 square feet of retail space at 422 S. Gateway Drive in Madera. Francisco and Valderama leased the space from 2004 Knox Family Revocable Trust for an undisclosed sum. Nick Frechou of Retail California represented the tenant and landlord in the transaction.

June 3, 2016

Illinois Midwest Retail

Inland Private Capital Corp. Arranges $25M Sale of Mariano’s Fresh Market Near Chicago

by Christina Cannon June 2, 2016

ELMHURST, ILL. — Inland Private Capital Corp. has arranged the $25 million sale of a Mariano’s Fresh Market on behalf of one of its 1031 exchange investment programs. The 75,922-square-foot store is located at 678 N. York Road in Elmhurst, approximately 16 miles west of Chicago. The single-story building was constructed in 2013 and is situated on 5.7 acres. The buyer in the transaction was undisclosed.

June 2, 2016

Connecticut Healthcare Northeast Office Retail

Fischer Real Estate Negotiates $1.4M Sale of 4,440 SF Commercial Building in Connecticut

by Amy Works June 2, 2016

FAIRFIELD, CONN. — Fischer Real Estate Inc. has negotiated the sale of a commercial building located at 2060 Black Rock Turnpike in Fairfield. An undisclosed investor purchased the property from TPSJ LLC for $1.4 million. The 4,440-square-foot property is fully occupied by retail and medical office tenants. Alan Fischer of Fischer Real Estate represented both parties in the off-market transaction.

June 2, 2016

Northeast Pennsylvania Retail

Bennett Williams Commercial Brokers $1M Sale of Land Parcel in Pennsylvania

by Amy Works June 2, 2016

MANCHESTER TOWNSHIP, PA. — Bennett Williams Commercial has arranged the sale of a 2.64-acre land parcel located at 1400 Toronita St. in Manchester Township. Clearview Associates purchased the property from Round the Clock Diner & Coffee Shop Inc. for $1 million. Keith Kahlbaugh of Bennett Williams represented the buyer in the deal.

June 2, 2016

California Industrial Western

The Rockefeller Group Purchases Land in San Bernardino for Industrial Redevelopment

by Nellie Day June 2, 2016

SAN BERNARDINO, CALIF. — The Rockefeller Group has purchased 19 acres in San Bernardino for an undisclosed sum. The acquisition includes a 225,000-square-foot industrial building located at 1333 S. Tippecanoe Ave. The company plans to redevelop this space into a modern distribution space. Rockefeller is planning two industrial distribution buildings totaling about 415,000 square feet. The first building will be a 333,170-square-foot, cross-dock distribution facility. The second is an 81,730-square-foot, front-loading building for storage and distribution. CBRE’s Darla Longo, Barbara Emmons, Rebecca Perlmutter Finkel, Michael Kendall and Andrew Briner represented the seller, CT Realty, in this transaction.

June 2, 2016

Arizona Multifamily Seniors Housing Western

Lancaster Pollard Arranges Sale of Two American Orchards Seniors Housing Communities in Arizona

by Nellie Day June 2, 2016

MESA and APACHE JUNCTION, Ariz. — Lancaster Pollard has advised on the sale of two American Orchards Senior Living communities in Arizona for an undisclosed price. Madison Realty Cos. purchased the communities, both located in the Phoenix suburbs and offering assisted living and memory care. The Mesa location was built in 2010 and the Apache Junction location was built in 2012. American Orchards plans to focus its efforts on its newest development in nearby Gilbert. Lancaster Pollard managing directors Jason Dopoulos and Chad Elliott led the transaction.

June 2, 2016

Newer Posts

Older Posts

Upcoming Events

Aug
06