HAMDEN, CONN. — Press/Cuozzo Commercial Services has arranged the sale of a two-building mixed-use portfolio located at 2340-2348 Whitney Ave. in Hamden. Town Hall Center LLC sold the portfolio to a private investor for $3.1 million. Totaling 23,320 square feet, the properties were 100 percent occupied at the time of sale. The properties feature a mix of retail and office tenants. Stephen Press of Press/Cuozzo Commercial Services represented the seller in the deal.
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DOVER, MASS. — Marcus & Millichap has brokered the sale of Dover Market Plaza, a retail property located at 14-16 Springdale Ave. in Dover. An undisclosed buyer acquired the property from a limited liability company for $3.9 million. Tenants at the 10,000-square-foot property include a liquor store, banking services and the Dover Market, a boutique supermarket and deli. Laurie Ann Drinkwater, Seth Richard, Andrew Gilbert and Casey Valente of Marcus & Millichap represented the seller in the transaction.
FORT WORTH, TEXAS — CBRE has negotiated the sale of nine acres of land located at the corner of Interstate 30 and Westmoreland Road in Fort Worth. The tract will serve as the future site of a new QuikTrip location. The Tulsa, Okla.-based gas and convenience store chain purchased the land from Dallas County Hospital System for an undisclosed price. David Glasscock of CBRE represented the seller in the transaction.
HOUSTON — NAI Partners has secured a 14,165-square-foot industrial lease renewal at 6100 West by Northwest in Houston Blvd. on behalf of Craters & Freighters, a Colorado-based shipping firm. Chris Caudill of NAI Partners represented the tenant in the lease negotiations. Harry Kutner and Blake Warren of Stream Realty Partners represented the landlord, Agellan Commercial REIT US LP.
INDIANAPOLIS — Books & Brews Used Bookstore and Taproom has signed a 4,600-square-foot retail lease at the University of Indianapolis. Redevelopment of the property, located at 3808 Shelby St., will begin this fall. Books & Brews will be the only restaurant and brewery on campus, according to a news release. Crystal Kennard, Scot Courtney and Richard King III of Lee & Associates represented the landlord, Oakbridge Properties, in the lease transaction. Robb Day of Coldwell Banker Commercial represented the tenant.
SANTA CLARITA, CALIF. — Cushman & Wakefield has brokered the sale of Canyon Square Plaza, a grocery-anchored shopping center in Santa Clarita. A private high-net worth investor acquired the property for $22.5 million. A 40,751-square-foot Vallarta Supermarkets anchors the retail property. At the time of sale, the 96,927-square-foot shopping center was 96 percent occupied by 29 tenants. Dixie Walker and Charley Simpson of Cushman & Wakefield represented the seller, a real estate investment trust, in the deal.
PINE BUSH, N.Y. — Marcus & Millichap has arranged the sale of Valley Supreme Plaza, a retail building located at 2412 State Route 52 in Pine Bush. A private investor acquired the 50,800-square-foot retail property from an individual/personal trust for $5.8 million. Alan Cafiero, Ben Sgambati, Matt Leszyk and Anthony Asencio of Marcus & Millichap represented the seller, while Scott Plasky and Scott Edelstein of Marcus & Millichap represented the buyer in the deal.
NAI Emory Hill Facilitates Sale of 8,000 SF Office, Industrial Building in Wilmington, Delaware
by Amy Works
WILMINGTON, DEL. — NAI Emory Hill has arranged the sale of an industrial and office building located at 510 Century Blvd. in Wilmington. Mark Landis and Karen Landis of Metro Merchant Services acquired the 8,000-square-foot condominium building for an undisclosed price. Metro Merchant Services plans to move its operations from 132 Clinton St. in Delaware City, Del., to the newly acquired facility. WSFS provided financing for the deal. David Morrison of NAI Emory Hill represented the seller, while Lorraine Sheldon and Becky Harrington of NAI Emory Hill represented the buyer in the transaction.
DALLAS — Marcus & Millichap has brokered the sale of a 32,154-square-foot office building located at 9319 Lyndon B. Johnson Freeway in Dallas. Built in 1982, the building consists of 36 office suites and recently received upgrades to its interior, landscaping and signage. Cody Payne and Wayne Bares of Marcus & Millichap represented the seller, a private investor, and procured the buyer, a limited liability company. Both parties requested anonymity.
WATERFORD TOWNSHIP, MICH. — Gerdom Realty & Investment has brokered the sale of a 230,500-square-foot former Sears building at Summit Place Mall in Waterford Township, about 30 miles north of Detroit. The sales price was not disclosed. The building is positioned on 22.5 acres of land on Telegraph Road. Tjader Gerdom and Mike Murphy of Gerdom Realty, along with Nicholas Kanich of Cushman & Wakefield, represented the undisclosed seller. New ownership is looking to redevelop the property and offer pad site opportunities, according to a news release.