$23.75 million
Private equity real estate investment firm Sterling Organization acquired the 76,800-square-foot Margarita Plaza, in Huntington Park, Calif., near downtown Los Angeles, from private investors. The 93 percent–occupied property is anchored by a 43,350-square-foot Food 4 Less.
Margarita Plaza, near Los Angeles, fetched nearly $23.8 million
$23 million
A private investor bought a 39,300-square-foot landmark building in Pasadena, Calif., partly leased to Walgreens until 2027, from Aegon USA Realty Advisors. A dental practice occupies the basement. Hanley Investment Group stood in for the seller, while Realty Advisory Group represented the buyer.
Walgreens occupies this landmark building in Pasadena, Calif., which sold for $23 million
$21 million
Namdar Realty Group acquired Wiregrass Commons Mall, a 634,450-square-foot center in Dothan, Ala., from Farallon Capital Management. Belk, Burlington, Dillard's and JCPenney are anchors.
$14.42 million
Longpoint Realty Partners acquired Mallory Corners, a 70,000-square-foot community shopping center in the Nashville, Tenn., suburb of Brentwood, from the estate of Charles S. Ackerman. Barnes & Noble and Electronic Express anchor the 96 percent–occupied center. Holliday Fenoglio Fowler marketed the property on behalf of the seller.
Mallory Corners, in the Nashville, Tenn., suburb of Brentwood, went for $14.42 million
$5.5 million
Adam Group purchased the Pewaukee (Wis.) Plaza, a 69,500-square-foot center with an Ashley HomeStore among its tenants, from MLG Capital.
$4 million
Layland LLC bought the Bluebonnet Crossing Shopping Center, a fully occupied, 14,400-square-foot property in Baton Rouge, La., consisting of three buildings. The seller was Fort Lauderdale, Fla.–based Bluebonnet Crossings Retail Ltd.
$1 million
A 1031 exchange investor acquired a newly constructed, 7,500-square-foot, freestanding property occupied by Dollar General, in Natchitoches, La., from a local developer. Fifteen years remain on the lease. The Boulder Group represented the seller.
A 1031 exchange investor paid $1 million for this 7,500-square-foot property in Natchitoches, La.
By Edmund Mander
Director, Editor-In-Chief/SCT
