Continental Realty Corp. entered Michigan with its $34 million acquisition of Troy, Michigan's Oakland Plaza and Oakland Square, spanning 41 acres. This is Continental’s first acquisition for its Opportunistic Retail Fund, formed this year to acquire value-add retail properties in the U.S. JLL represented the seller.

Zelman Development Co. sold the 225,749-square-foot Ontario Gateway Center in Ontario, California, to JH Real Estate Partners for $40.5 million. Tenants at the property, which is adjacent to the Ontario Mills mall, include Grocery Outlet, Ross Dress for Less, Big Lots, Joann and Dollar Tree. Newmark represented the seller.

AlbaneseCormier acquired the 279,843-square-foot Adam’s Dairy Landing in the Kansas City area’s Blue Springs, Missouri. Pictured at top, the center is 96% occupied by national tenants, including T.J.Maxx, HomeGoods, Dollar Tree, Ross Dress for Less, Petco, Michaels, Old Navy, Ulta Beauty and Five Below. JLL advised the seller, a private investment fund.

City Center Crossing — a 98,408-square-foot, Lidl-anchored neighborhood retail center in Sandy Springs, Georgia, sold for $20 million. JLL represented the seller, Stream Realty Partners. First National Realty Partners acquired the asset. Built in 1978, it has undergone an extensive renovation over the past several years. The property was 77% leased at the time of sale and home to retailers like Goldfish Swim School, Golftec, Ready Set Fun, D1 fitness center and Hudson Grille.

M&P Shopping Centers sold Atlanta’s 129,449-square-foot Main Street South Fulton to Irgang Group for $16 million. Tenants at the 100%-occupied center include Kroger, Dollar Tree, Rainbow, Pizza Hut and Subway. JLL represented the seller. Bruner Group represented the buyer.

Forge Capital Partners sold the 93,264-square-foot shopping center at 12018 Indian Rocks Road in Largo, Florida, to Tricon for $19.5 million. Tenants include a 46,031-square-foot Publix, Goodwill and Dollar Tree.

A 16,320-square-foot, single-tenant, freestanding Rite Aid in Fresno, California, traded for $3.2 million. Rite Aid has been operating at this location since 2000. Properties in the $2 million to $4 million range are hot with 1031 exchange buyers, according to Michael Walseth, executive vice president of the net lease group at Kidder Mathews, which represented the seller — a Newport Beach, California, developer — and the buyer — a 1031 exchange investor.

The 96,495-square-foot Thomson Plaza, in Thomson, Georgia, sold for $3.3 million. Stan Johnson Co. represented the seller, a family that had owned the property for 49 years. A 1031 exchange buyer from Statham, Georgia, purchased the asset. KJ’s Market anchors the center. Additional tenants include Aaron’s, Bealls Outlet, Family Dollar and Subway.

An LLC purchased the 25,681-square-foot Shiloh Village in York, Pennsylvania, from Shick. Bennett Williams Commercial represented the buyer and seller. Tenants include a dry cleaner, China Wok, H&R Block, Rutters and Subway.

Camden Securities Co. sold Fairway Center — a 49,600-square-foot, fully leased strip center in the Houston area’s Pasadena, Texas — to an investor group managed by Concierge Management and led by Akbarali Momin. JLL represented the seller and placed a 10-year, fixed-rate acquisition loan with Starwood Mortgage Capital on behalf of the buyer. Completed in 2002, the center is home to tenants like Mattress Firm, Chipotle, Pearle Vision, GameStop, Ramen San, Lovett Dental, The Vitamin Shoppe, Massage Heights, AMC Nails, Wingstop and Jersey Mike’s Subs.