• DWS paid AEW Capital Management $41.5 million for Wall Towne Center, a 99,100-square-foot, fully leased, grocery-anchored retail center in Wall Township, N.J. ShopRite anchors the center, whose 12 other tenants include AT&T, GNC and Great Clips.
• Excelsior Capital Partners sold the 190,000-square-foot Lee Harvard Shopping Center, in Cleveland, to First National Realty Partners for $12.8 million. Among the tenants are Cleveland Dental Institute, Family Dollar, Goodwill, Huntington Bank, PNC Bank and USPS. Arnold J. Eisenberg, Inc., represented the seller. First National Realty also acquired the Walgreens on an adjacent pad for almost $18.4 million.
• Private investor Myron Vogel paid investors Itzhak Ashkenazy and Jonathan Agus $18.4 million for Okee Square, a 124,000-square-foot shopping center in West Palm Beach, Fla., anchored by Advance Auto Parts, Michaels and Staples. The center contains about 103,700 square feet of in-line space and two outparcels.
• An affiliate of America’s Realty paid an affiliate of DLC Management $10.8 million for Regency Plaza, a 205,700-square-foot center in Jacksonville, Fla., tenanted by Burlington, DD's Discounts and OfficeMax, among others. The Shopping Center Group represented the seller.
Regency Plaza, Jacksonville, Fla.
• Longpoint Realty Partners paid DDR Corp. $9.9 million for Aberdeen Square, a 73,600-square-foot, Publix-anchored center in Boynton Beach, Fla.
• HH-Greenfield Gateway, an entity formed by Hinkson Co., paid Greenfield Gateway Retail Investments $6.7 million for Greenfield Gateway, a 67,700-square-foot center in Mesa, Ariz. Cushman & Wakefield represented the buyer and the seller.
• Northwood Investors paid Sears $6.5 million for 12 acres the seller owned at Northgate Mall, in Durham, N.C.
By Edmund Mander
Director, Editor-In-Chief/SCT
