• YAM Properties paid iStar $133 million for Westgate Entertainment District, a 533,100-square-foot, mixed-use project on nearly 50 acres in Glendale, Ariz. The property contains about 40 retailers and restaurants, a 20-screen AMC cinema, a Dave & Busters and a Yard House. The center also includes 159,000 square feet of office space, as well as 76 luxury multifamily lofts on upper floors. CBRE represented the buyer and the seller.
Westgate Entertainment District The 533,100-square-foot, mixed-use project, in Glendale, Ariz., sold for $133 million
• Mill Creek|Cooper paid Bond Street Advisors $7.7 million for The Shops at Easley (S.C.) Town Center. The center, which is 100 percent leased, comprises two buildings totaling 21,300 square feet. The Shopping Center Group represented the seller, and Franklin Street represented the buyer.
• A local investor paid South Broadway Holdings $6.2 million for Bloomingdale Plaza, a 23,340-square-foot center in Hicksville, N.Y. The center is about 85 percent occupied and the tenants include a restaurant and two medical centers. Colliers International represented the buyer, and Realty Insight Group represented the seller.
• Dunbar Real Estate Management paid Capital Creek Gold nearly $5.3 million for Quarter Village, a 22,300-square-foot, mixed-use development in Scottsdale, Ariz., containing various local tenants. Cushman & Wakefield represented the buyer, and Lee & Associates represented the seller.
• A private investor paid another private investor nearly $1.7 million for a 23,900-square-foot, net-leased property in St. Petersburg, Fla., containing a Take 5 property, as part of a 1031 exchange. Marcus & Millichap represented both parties.
By Edmund Mander
Director, Editor-In-Chief/SCT
