$28.3 million
Big V Property Group acquired Poplin Place, a 227,700-square-foot shopping center in the Charlotte, N.C., suburb of Monroe, from InvenTrust Properties. The center is 94 percent leased, and its tenants include Big Lots, PetSmart, Ross Dress for Less and T.J.Maxx. Charlotte-based Berkeley Capital Advisors represented the seller.
$12.6 million
The Triple Net Group, based in Cedarhurst, N.Y., acquired Clinton (Conn.) Commons, an 82,000-square-foot-center that is home to ShopRite, Jo-Ann Fabrics and several local tenants.
$5.8 million
A local investor acquired Sabal Bay Centre, a 13,900-square-foot medical and retail center in Naples, Fla. Equity LLC represented the seller.
$5.2 million
Miamisburg Properties, of East Meadow, N.Y., acquired the Miamisburg (Ohio) Plaza shopping center from Miamisburg Plaza X. Tenants there include Ace Hardware, Big Lots and Pizza Hut.
$3.75 million
3829 Broadway LLC acquired Decatur Sunset Plaza, a 9,800-square-foot strip center in Las Vegas, from Angaur LLC and Balaji Properties Investment LLC. The price works out to about $384 per square foot. Logic Commercial Real Estate represented the sellers.
Decatur Sunset Plaza, in Las Vegas, fetched $3.75 million, the equivalent of about $384 per square foot
$2.95 million
A private investor acquired Cape Haze Plaza, a 27,300-square-foot property in Placida, Fla. The price was equivalent to $108 per square foot, according to Marcus & Millichap, which represented the seller, a private investor.
Cape Haze Plaza, Placida, Fla.
$2.9 million
Peters Development acquired NorthChase, a 36,300-square-foot shopping center in Winston-Salem, N.C., with plans to renovate and rebrand the property as Peters Plaza. The tenants are a children's dentistry office, an orthodontics practice, a bakery, a value-price food store, a tobacco and vape shop, a nail care shop, a cellular phone store, a laundromat and a dry cleaner.
$2 million
A Dallas-based private investor acquired a 6,500-square-foot, single-tenant-property in Woodridge, Ill., with 6.5 years remaining on a lease to a restaurant. Hanley Investment Group represented the seller, a Schaumburg, Ill.–based developer.
$1.72 million
A local investor acquired Maple Grove (Minn.) Auto Mall, a 13,400-square-foot center near Minneapolis–St. Paul, from a local investment group represented by Mid-America Real Estate.
$1.72 million
A private 1031 exchange investor acquired a 6,000-square-foot, single-tenant property in Arlington Heights, Ill., triple-net-leased to a Chili's Grill & Bar with seven years remaining. Hanley Investment Group represented the seller, a private developer based in Schaumburg, Ill.
Seven years remain on a triple-net-lease to a Chili's Grill & Bar occupying a property in Arlington Heights, Ill.
$1.45 million
A 1031 exchange private investor acquired a 4,700-square-foot building in O’Fallon, Ill., single-tenant-leased to an urgent-medical-care center with eight years remaining on the lease. Hanley Investment Group represented the seller, a private investor. The price represented a cap rate of 5.85 percent — the lowest for a MedExpress Urgent Care facility in the U.S., excluding Florida and Texas, according to CoStar Group.
The sale price on this O'Fallon, Ill., property represented a cap rate of 5.85 percent
By Edmund Mander
Director, Editor-In-Chief/SCT
