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C+CT

Transactions — Who’s paying how much for what

May 30, 2019

$90 million
Alexander & Baldwin acquired Queens’ MarketPlace, a 135,000-acre retail center at the Waikoloa Beach Resort, near Kailua-Kona, Hawaii, from Waikoloa Land Co. A 24,000-square-foot Island Gourmet Markets store anchors the center.

$36.8 million
​Acadia Realty Trust acquired Palm Coast (Fla.) Landing, a 171,400-square-foot center whose tenants include Dollar Tree, Michaels, PetSmart, Ross Dress for Less, SuperTarget, T.J.Maxx and Ulta Beauty. The property is almost fully leased. HFF represented the seller, Kite Realty Group Trust.

$22.1 million
An unidentified New York City–based real estate investment firm acquired a 55,000-square-foot building that houses a Whole Foods, at the entrance of the Exton (Pa.) Square mall. The seller was PREIT, and JLL handled the transaction.

$18 million 
TriOut Advisory Group bought the 112,400-square-foot Grove at Winter Park, in a suburb of Orlando, Fla., from Consolidated-Tomoka Land Co., with HFF standing in for the seller.

The Grove at Winter Park (Fla.), near Orlando

$14.6 million
Rio Grande Investment acquired the 22nd Street Plaza, a 176,200-square-foot, fully leased property in Oakbrook Terrace, Ill., anchored by Big Lots, Home Depot and Party City. The seller was Kimco Realty Corp.

$7 million
Erik Litmanovich, chief executive of Golden West Food Group, bought a 63,000-square-foot, vacant supermarket building at Boca Park shopping center, in Las Vegas, from Spirit Realty Capital, of Dallas. Logic Commercial Real Estate handled the deal.

$3.6 million
Amsden LLC acquired the Village Park at Plover (Wis.), a 44,900-square-foot center containing a mix of retail, restaurant and office tenants. KW Commercial represented Amsden. Marcus & Millichap represented the seller.

$730,000
A private investor acquired a 9,000-square-foot property in Iowa, La., from a private investor. The property is net-leased to Dollar General. Marcus & Millichap represented both parties.

$315,000
A private investor purchased a 7,200-square-foot property in Sibley, Iowa, from another private investor. The property is net-leased to Dollar General. Marcus & Millichap stood in for both parties.

By Edmund Mander

Director, Editor-In-Chief/SCT