$44 million
Bethesda, Md.–based Finmarc Management acquired Largo Town Center, a 280,000-square-foot retail property in Upper Marlboro, Md., from Site Centers. The fully occupied center’s 35 tenants include Dollar Tree, DressBarn, Marshalls and Shoppers Food Warehouse.
$29 million
New Market Properties, a subsidiary of Atlanta-based Preferred Apartment Communities, acquired Gayton Crossing, a 158,000-square-foot property in Richmond, Va., from Regency Centers and an affiliate of First Washington Realty. The center is occupied by Goldfish Swim School, Gold’s Gym and JoS. A. Bank, among others. A Kroger grocery store on the site was not part of the transaction. Cushman & Wakefield represented the sellers.
Gayton Crossing, Richmond, Va.
$17.8 million
Alto Real Estate Funds acquired Northpoint Shopping Center, a 115,900-square-foot, grocery-anchored center in Cape Coral, Fla., occupied by Aldi, Bed Bath & Beyond, Five Below, Michaels, PetSmart and others.
$14.8 million
A Los Angeles–based 1031 exchange buyer acquired a 69,100-square-foot building in Elgin, Ill., occupied by a Jewel Osco from a private real estate investment firm based in the Southwest. There are 19 years left on the lease. The Boulder Group represented both the seller and the buyer.
Jewel Osco, Elgin, Ill.
$12.8 million
A Midwest-based 1031 exchange investor acquired a 59,900-square-foot building in Barrington, Ill., net-leased to a Jewel Osco from a private real estate investment firm based in the Southwest. The Boulder Group handled the sale.
Jewel Osco, Barrington, Ill.
$11.4 million
Namdar Realty Group bought the 677,200-square-foot, Target-anchored Enfield (Conn.) Square from an unknown seller in an online auction handled by Ten-X.
$4.4 million
A 1031 exchange investor bought a property in Bolingbrook, Ill., net-leased to a 13,900-square-foot Walgreens from a Midwest investment firm. The Boulder Group represented the seller.
Walgreens, Bolingbrook, Ill.
$4.4 million
Binyan Partners, of New York City, bought Tower Market Shopping Center, a 23,000-square-foot property in Eatontown, N.J., anchored by Dollar General.
$2.4 million
A Los Angeles–based investor acquired a freestanding property in Fontana, Calif., leased to Jack in the Box from Adler Realty Investments, of Woodland Hills, Calif. Hanley Investment Group Real Estate Advisors represented Adler.
$2 million
An Austin, Texas, private investor acquired a 2,600-square-foot building in Georgetown, Texas, triple-net-leased to Bush’s Chicken. Hanley Investment Group represented the seller. The price represented a cap rate of 6.67 percent.
Bush's Chicken, Georgetown, Texas
By Edmund Mander
Director, Editor-In-Chief/SCT
