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•Washington Prime Group paid $58 million for Southgate Mall, a 447,950-square-foot shopping center in Missoula, Mont., anchored by a nine-screen, dine-in AMC movie theater and also by a Lucky’s Market grocery store that opened this past week inside a former Sear’s space.
•New York City–based Time Equities paid $32 million for the Shops at Fox River, a 340,850-square-foot shopping center in McHenry, Ill. Anchors there are Bed Bath & Beyond, Dick’s Sporting Goods, DSW, Old Navy, Ross Dress for Less, T.J.Maxx and Ulta Beauty.
•An Australian investor paid nearly $19.8 million for Southtown Plaza, a 43,700-square-foot shopping center in Tampa, Fla. The price amounts to roughly $450 per square foot. Among the tenants are Cold Stone Creamery, Hair Cuttery, Moe’s Southwest Grill, Tropical Smoothie Cafe and Weight Watchers. Plaza Advisors represented the seller.
•A private investor paid Plaza Properties $13.8 million for the Gallery Shopping Center, a 101,500-square-foot, 95-percent-leased shopping center in Huntsville, Ala.
•Mason Asset Management paid nearly $11.4 million for the foreclosed, 1.1 million-square-foot Galleria at Pittsburgh (Pa.) Mills.
•A private investor from South America paid $6.8 million for Parkland (Fla.) Town Center, a 34,900-square-foot, 96-percent-occupied retail center. The deal was negotiated by Crossman & Co.
•A private Tampa, Fla.–based investor paid Kimco Realty Corp. $6 million for Chain O’Lakes Plaza, a 91,000-square-foot shopping center in Winter Haven, Fla. The Shopping Center Group brokered the deal. Tenants there include Big Lots, Family Dollar and Jo-Ann Fabrics.
•Gorjian Acquisitions paid a private investor $1.5 million for Oglethorpe Plaza, a 109,000-square-foot shopping center in Albany, Ga., anchored by a Roses discount department store and a Citi Trends apparel store.
•Montview Holding paid SNL Investments $857,000 for a 2,314-square-foot retail building in Oceanside, Calif., with four tenants in occupancy. Location Matters brokered the sale.
By Edmund Mander
Director, Editor-In-Chief/SCT
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