$55 million
SBV–Fox River, an affiliate of Walled Lake, Mich.–based Etkin Co., acquired The Shoppes at Fox River, a 467,000-square-foot mall in the Milwaukee suburb of Waukesha, Wis., from Farmington Hills, Mich.–based RPT Realty. Hobby Lobby, Pick ’n Save, Ross Dress for Less and Target are anchors.
$15.1 million
Larsen Baker worked through an affiliate to acquire Manzanita Plaza, a 116,400-square-foot, Safeway-anchored retail center in Tucson, Ariz., from Community Centers of America-Glendale. Some outparcels are leased to Chase, KFC and McDonald’s. Bernstein Murphy represented the seller.
$2.6 million
A private investor bought a brand-new, 2,600-square-foot building in Barstow, Calif., leased to Dunkin’ Donuts and Baskin-Robbins. The sale of the building plus the drive-through amounted to $1,000 per square foot. Hanley Investment Group represented the seller, a private investor. Los Angeles–based Realtex Properties represented the buyer.
This newly built store and drive-through in Barstow, Calif., fetched $2.6 million
$2.6 million
Industrial Commercial Properties, of Solon, Ohio, bought a former Sears (115,000 square feet), a vacant Sears Auto Center (22,000 square feet) outparcel and a Red Lobster restaurant (8,500 square feet), at Midway Mall, in Elyria, Ohio, from Sears Roebuck & Co.
$2.5 million
CRE Strategic Investments acquired a 25,000-square-foot building in a Tucson, Ariz., shopping center occupied by a fitness center and a dialysis provider. Commercial Retail Advisors represented the seller, Safco Capital.
By Edmund Mander
Director, Editor-In-Chief/SCT
