$242 million
Cale Street Partners, a Kuwaiti investment firm backed by that country’s sovereign wealth fund, acquired a 50 percent stake in the 1.2 million-square-foot Intu Derby, which Intu Properties owns in the city of Derby, in the county of Derbyshire, England.
$59.6 million
Waterfall Asset Management and Bridge33 Capital acquired the 371,500-square-foot Milford (Conn.) Crossing shopping center from LNR Partners. Walmart anchors the center, which is 98 percent leased. Barnes & Noble, Marshalls, Petco and Staples are tenants too. JLL represented the seller.
$18 million
Gulf Coast Commercial Group acquired Siegen Village, a 170,400-square-foot center in Baton Rouge, La., from Equity One. Big Lots, Office Depot and Planet Fitness anchor the center.
$12.3 million
Highline Real Estate Capital, of Miami, and M Street Holdings, of Palm Beach, Fla., acquired Century Plaza, a 132,700-square-foot, fully leased retail center in Orlando, Fla., from a private global institutional investment firm. The center's anchors are Aldi, Big Lots, DD’s Discounts and Ross Dress for Less. The Shopping Center Group brokered the deal.
Century Plaza, Orlando, Fla.
$6.1 million
A partnership between Jeff Kitchen and Tiny Cap LLC sold a 14,300-square-foot, grocery-anchored center in North Scottsdale, Ariz., in a transaction amounting to $430.67 per square foot at a 6 percent cap rate. Orion Investment Real Estate arranged the sale.
$5.6 million
Two retail pad buildings at a Walgreens-anchored center in Ontario, Calif., were sold in separate transactions. A private investor from Southern California acquired a 13,400-square-foot pad occupied by a car-parts store and a corporate offices facility for about $3.2 million. A second investor acquired a pad containing an 8,210-square-foot, seven-tenant retail building for 2.4 million. Hanley Investment Group Real Estate Advisors represented the seller, a private developer in Ontario.
One of two retail pads sold recently at a center in Ontario, Calif.
$2 million
A private investor acquired an 18,400-square-foot center on Astrozon Boulevard, in Colorado Springs, Colo., in a deal brokered by Marcus & Millichap.
By Edmund Mander
Director, Editor-In-Chief/SCT
