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SCT

Transactions — Who’s paying how much for what

August 22, 2019

$58 million
A joint venture between a Boston-based private real estate firm and an institutional investor acquired Bristol Place, a 421,700-square-foot, grocery-anchored power center in Attleboro, Mass., from a private real estate investor. Anchors at the 88 percent–leased center include Bob’s Discount Furniture, Hobby Lobby, Home Depot and T.J.Maxx. Institutional Property Advisors, a division of Marcus & Millichap, represented the seller.

$31.5 million
A private investor acquired the Corona Hills (Calif.) Marketplace, a 148,800-square-foot community center anchored by Vons and PetSmart, from Kimco Realty Corp. JLL represented the seller.

Corona Hills (Calif.) Marketplace

$27.2 million
Horizon Group Properties acquired an additional 25 percent stake in The Outlet Shoppes at El Paso (Texas) from CBL Properties. Each party now owns a 50 percent share of this 378,000-square-foot center.

$16.9 million
Santan Gem LLC acquired Santan Gateway North, a 123,200-square-foot shopping center in Chandler, Ariz., that is about 75 percent leased. The Walmart-shadow-anchored center's tenants include Dollar Tree, Goodwill and LA Fitness. Cushman & Wakefield brokered the sale on behalf of the seller, an LNR Partners entity.

Santan Gateway North, Chandler, Ariz.

$14.4 million
PPB Oroville LLC, a subsidiary of the Peter P. Bollinger Investment Co., acquired Currier Square Shopping Center, a 121,000-square-foot center in Oroville, Calif., anchored by Marshalls, Petco and a Raley’s supermarket.

$6.6 million
A Long Island, N.Y.–based real estate investor acquired a 13,300-square-foot retail center in Hicksville, N.Y., from Riark LLC. Hanley Investment Group Real Estate Advisors represented the seller.

$5.7 million
HS Capital Fund Inc., an affiliate of Allstate Florida Development LLC, acquired Bridgewater Marketplace, a 58,000-square-foot shopping center in Orlando, Fla., with a Winn Dixie anchor.

$3.7 million
A private buyer acquired a newly built, 5,000-square-foot, two-tenant retail building occupied by a drive-through Starbucks and a dental practice. The property is at a WinCo Foods–anchored center in Federal Way, Wash. Hanley Investment Group Real Estate Advisors represented the seller, an affiliate of Covenant Real Estate Group, of Henderson, Nev. The buyer's representative was Orion Commercial Partners, of Seattle.

$2.7 million
Namdar Realty Group acquired Liberty Village Outlet Marketplace, in Flemington, N.J., from Simon, according to published reports. 

$2.3 million
An affiliate of Zucker Investment Group ZIG acquired a 3,100-square-foot outparcel net-leased to Chipotle, in Orlando, Fla. Marcus & Millichap represented the seller.

By Edmund Mander

Director, Editor-In-Chief/SCT

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