$68 million
An investor represented by financial-services firm Barings acquired the 182,000-square-foot retail portion of the Rea Farms mixed-use project, in Charlotte, N.C., from Charlotte-based Lincoln Harris.
$35 million
Sterling Organization acquired a two-building retail property on Melrose Avenue, in West Hollywood, Calif. One of the buildings is a 21,400-square-foot, multilevel structure housing several retail tenants, and the other is a 3,300-square-foot, single-tenant building.
One of two buildings on tony Melrose Avenue, in West Hollywood, Calif., that fetched $35 million
$31.8 million
Hendon Properties acquired The Forum at Grandview, a 216,000-square-foot shopping center in Madison, Miss., from CBL Properties.
$30.5 million
Douglas Development acquired Boulevard Mall, a 961,800-square-foot shopping center in Amherst, N.Y., near Buffalo, from an undisclosed seller for $30.5 million. Dick’s Sporting Goods and Macy’s are anchors. JLL represented the seller, and HFF stood in for the buyer. The acquisition included an 8-acre tract with a 120,000-square-foot Wegmans grocery store.
Boulevard Mall
$16.3 million
Fondo Atlas LLC, a private equity group based in Coral Springs, Fla., acquired Clayton Plaza, a 136,800-square-foot center in Brandon, Fla., with an Office Depot anchor among its retail tenants. Plaza Advisors represented the seller, Clayton Land LLC.
$10 million
Vista Property Group acquired the Courtyard of Chapel Hill (N.C.) mixed-use property, which contains about 17,400 square feet of retail space and student housing, from The Dilweg Cos. JLL marketed the property for the seller and obtained financing for the buyer. The five-building property sits on about 1 acre within a mile from the University of North Carolina Chapel Hill.
The Courtyard of Chapel Hill (N.C.)
$6.3 million
Locker Realty Corp. represented the buyer of a 28,000-square-foot site net-leased to a 2,200-square-foot Starbucks with a drive-through in Monrovia, Calif. CBRE represented the seller.
$4.1 million
A San Diego–based private investor acquired a multitenant building in Huntington Beach, Calif. The price represented a 4.94 percent cap rate. Four triple-net-leased tenants occupy the 8,600-square-foot property. Hanley Investment Group represented the seller, a private investor in Newport Beach, Calif. Capital Real Estate Ventures, based in San Diego, represented the buyer.
$2.3 million
A private investor bought a 4,600-square-foot property triple-net-leased to Casa Olé restaurant from Plant City Self Storage LCC, of Clearwater, Fla. Hanley Investment Group represented the seller, and Maram Realty LLC, of Herndon, Va., stood in for the buyer.
By Edmund Mander
Director, Editor-In-Chief/SCT
