Deals & transactions recap

A survey of retail property deals announced in the past week:

• Hawaii’s second-largest retail property owner just got bigger. Alexander & Baldwin paid California-based Terramar Retail Centers roughly $254 million for three shopping centers on three different Hawaiian islands. The properties are the 103,000-square-foot Hokulei Village, on Kauai; Laulani Village, a 175,000-square-foot property at Ewa Beach, on Oahu; and Puunene Shopping Center, a 113,000-square-foot property on Maui. The purchases are part of the company’s ongoing strategy to dispense with its mainland properties and acquire Hawaiian centers.

• Durham, N.C.–based Zapolski Real Estate paid Edens $33 million for Asheville (N.C.) Market, a Whole Foods–anchored, 130,000-square-foot center situated on about 13 acres. Zapolski owns several lifestyle-focused projects, including the under-construction First Street Napa (Calif.), a 325,000-square-foot mixed-use development in downtown Napa that will encompass 45 shops and restaurants, office space and the 183-room Archer Hotel Napa.

• Consolidated-Tomoka Land Co., of Daytona Beach, Fla., bought a newly completed, 19,600-square-foot retail building in downtown Aspen, Colo., for $28 million. The seller was not disclosed. The buyer entered into a 20-year master lease on the property with an affiliate of A.G. Hill Partners, of Dallas, which owns the city’s upscale Highland Park Village.

• Wood Village Retail I LLC acquired the 140,000-square-foot Wood Village Town Center for $26.6 million. The center is located outside of Portland, Ore. Wood Village GARP LLC sold the asset, whose anchor is a Kohl’s store. Capital Pacific helped arrange the sale.

• Triangle Center LLC sold the 16,130-square-foot Triangle Center to Bastion Development Corp. for $17.5 million. The property comprises four single-unit tenants and a freestanding 99 Cents Only store. CBRE represented the seller, and Urban Real Estate Investment represented the buyer.

• Scott Properties acquired the 85,180-square-foot Chesterfield (Mo.) Towne Centre from Continental Realty for $9 million. 

• Kohan Retail Investment Group, of Great Neck, N.Y., purchased the Prescott (Ariz.) Gateway Mall for $8.8 million from the Dallas-based Tabani Group. Tenants include Bed Bath & Beyond, Michaels and Texas Roadhouse.

• Main Street Investment bought the 21,000-square-foot Goodwood Village, in Baton Rouge, La., from Goodwood Village LLC, a company owned by George Waters Jr. and Robert Pettit III, of Waters & Pettit Commercial Real Estate, for nearly $3.4 million.