$29.75 million
Chelsea Pacific Group purchased Marin Square, an 11-acre mixed-use site in San Rafael, Calif., from Sutter Health. The property is largely vacant, except for a Payless shoe store, a Ross clothing store and a Subway sandwich shop. Cushman & Wakefield represented Sutter Health.
$27.5 million
An unidentified investor acquired Houma (La.) Shopping Center from Viking Partners. The 204,900-square-foot, fully leased power center has anchors HomeGoods, Jo-Ann Fabrics, Marshalls, Office Depot, Petco and Planet Fitness. Holliday Fenoglio Fowler marketed the property on behalf of the seller and arranged financing for the purchaser.
$27 million
Largo, Fla., investor Ben Mallah acquired a Tampa, Fla., center near the Raymond James Stadium that is home to an Ashley furniture store and other tenants. The seller was a company associated with investment fund Third Lake Capital.
$21.5 million
Morrison Investment Group bought Statesboro (Ga.) Crossing, a 155,200-square-foot regional power center anchored by Books-A-Million, Hibbett Sports, Hobby Lobby, Olive Garden, Petco, T.J.Maxx and Ulta Beauty, from CBL Properties. Marcus & Millichap represented CBL.
Statesboro (Ga.) Crossing fetched $21.5 million
$16.3 million
PacWest Management acquired Northridge (Calif.) Promenade, an 89,500-square-foot center anchored by a Guitar Center store and about 25 other tenants, through the Ten-X online auction platform. Cushman & Wakefield represented seller LNR Partners, a commercial-mortgage company.
$15.6 million
Benderson Development Co. acquired a 44,300-square-foot former Toys 'R' Us and Babies 'R' Us store in California, straddling Emeryville and Oakland.
$15.2 million
Sterling Organization acquired Union Plaza, a 98,700-square-foot, grocery-anchored center in Phoenix, from a private investor. The center is 99 percent occupied and has a 56,600-square-foot Fry’s Food & Drug anchor.
Sterling Organization paid $15.2 million for Union Plaza, in Phoenix
$14.7 million
Retail Value Inc., a DDR Corp. spinoff, sold Brandon Boulevard Shoppes, an 89,000-square-foot center in Valrico, Fla., anchored by a Dollar Tree and an LA Fitness. The buyer was not identified.
Retail Value sold Brandon Boulevard Shoppes, in Valrico, Fla., for $14.7 million
$3.65 million
Windsor Associates bought Crosswinds Square, a 6,800-square-foot center in St. Petersburg, Fla., from Tyrone 22. NAI Miami negotiated the sale.
$2.89 million
The Bedrin Organization acquired Hunt Village Shopping Center, a 31,300-square-foot property in Greensboro, N.C., from Wrennovation Cos., of Jamestown, N.C.
By Edmund Mander
Director, Editor-In-Chief/SCT
