$26 million
A 1031 private investor acquired Cold Spring (Ky.) Crossing, a 325,400-square-foot, 99-percent-occupied power center anchored by Home Depot, Kohl's and Kroger. The property sold at a 7.53 percent cap rate. Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, a private Cincinnati-based developer.
Cold Spring (Ky.) Crossing sold at a 7.53 percent cap rate
$12.9 million
Liberty Crossing Apartments, an entity belonging to Precision Equity, of Tulsa, Okla., acquired Craig Promenade, an 81,060-square-foot, Big Lots–anchored neighborhood shopping center in North Las Vegas. Cushman & Wakefield represented the seller, an entity formed by Rialto Capital Advisors.
Craig Promenade, in North Las Vegas, changed hands for $12.9 million
$12 million
Private investors acquired Conway (Ark.) Town Centre — a 207,600-square-foot mall anchored by JCPenney and tenanted by Bath & Body Works, Hibbett’s Sporting Goods and others — from CapRocq.
$11.3 million
A private investor acquired Morse Shores, a 170,800-square-foot retail property in Fort Myers, Fla. The asset is 96 percent occupied, and Big Lots, Citi Trends and Save-A-Lot are its anchors. Marcus and Millichap represented the seller, a private investor.
$7.9 million
T. Cooper James & Associates acquired Regent Towne Center, a nearly 53,000-square-foot, grocery-anchored shopping center in Fort Mill, S.C., near Charlotte, N.C., from Cole Credit Property Trust IV. HFF represented the seller.
Regent Towne Center, in Fort Mill, S.C., fetched nearly $8 million
$6 million
Bethpage Properties acquired a 1.4-acre site in Freeport, N.Y., double-net-leased to a 13,900-square-foot Walgreens from Kimco Realty. Select Real Equity Advisors represented Kimco. The price was equivalent to $431 per square foot.
$4.3 million
Spizzirri, of Pasadena, Calif., acquired a newly developed, 7,100-square-foot, freestanding building triple-net-leased to Jim 'n Nick’s Bar-B-Q, in Pooler, Ga., a suburb of Savannah. Franklin Street represented the seller, Lawrenceville, Ga.–based Pooler BBQ Partners. The price was the equivalent of $600.71 per square foot.
This 7,100-square-foot property near Savannah, Ga., fetched $600.71 per square foot
$3.9 million
A private investor acquired a 9,000-square-foot, 100-percent-occupied, six-tenant pad building in Fontana, Calif., from Pacific Development Group, of Newport Beach, Calif. Hanely Investment Group represented the seller, and GD Commercial Real Estate, of Milpitas, Calif., represented the buyer.
$1.2 million
A Nebraska 1031 investor acquired a 9,100-square-foot, single-tenant property occupied by Dollar General in Marksville, La., from a Louisiana-based developer. Fifteen years remain on the lease, along with 10 percent rent increases every five years.
This 9,100-square-foot property in Marksville, La., went for $1.2 million
By Edmund Mander
Director, Editor-In-Chief/SCT
