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$123 million
InvenTrust Properties Corp., of Illinois, acquired two grocery-anchored retail properties. The firm paid $71 million for Eldorado Marketplace, a 186,100-square-foot center in the Dallas suburb of Frisco; and $52 million for Travilah Square, a 56,200-square-foot center in Rockville, Md. The seller of Eldorado Marketplace was an affiliate of Houston-based Fidelis Realty, while Finmarc Management Inc. sold off Travilah Square.
$62.7 million
Mishorim-Gold Properties acquired the Grove at Wesley Chapel (Fla.), near Tampa. The 471,300-square-foot community retail center sits on about 200 acres, of which roughly half is available for development. Bed Bath & Beyond, Best Buy, a Cobb cinema, Cost Plus World Market, Dick’s Sporting Goods, Dollar Tree, Michaels, Old Navy, PetSmart, Ross Dress for Less, T.J.Maxx and Ulta Beauty are tenants. JLL represented the sellers, some Barings-managed institutional investors.
The Grove at Wesley Chapel (Fla.), near Tampa
$50 million
Carlyle Management, based in Katonah, N.Y., acquired Boynton Commons, a center on 23 acres in Boynton Beach, Fla., from InvenTrust Properties Corp., according to The Real Deal. Barnes & Noble, Bed Bath & Beyond, Party City and PetSmart are among the tenants.
$18.1 million
GBT Realty Corp., of Brentwood, Tenn., bought a 260,000-square-foot, three-building neighborhood center in West Allis, Wis., from Retail Value Inc., an affiliate of Site Centers Corp.
$9.1 million
Trapeza Inc. acquired the Shoppes at Currency Circle, a newly built, 13,100-square-foot retail property on a 2-acre lot in Lake Mary, Fla. The seller was HB Retail Little, LLC. Miami-based Tiktin Real Estate Investment Services represented the buyer.
The Shoppes at Currency Circle, Lake Mary, Fla.
$4 million
A private investor paid $4 million for a 2,900-square-foot property under construction on nearly an acre in Baldwin Park, Calif., and triple-net-leased to a 7-Eleven. The price came to $1,375 per square foot and represented a 4.13 percent cap rate. Hanley Investment Group Real Estate Advisors stood in for the seller, a private investor. Universal Capital Investment was the buyer's representative.
$3.95 million
Value Investment Group, of Colorado Springs, Colo., acquired Mill Creek, a nearly 66,000-square-foot retail center in Albuquerque, N.M., at auction for $2.65 million, representing an 11 percent cap rate. The firm also acquired Vista Del Bosque, an 11,400-square-foot retail center in Albuquerque, for $1.3 million, representing a 10 percent cap rate.
Vista Del Bosque, in Albuquerque, N.M.
$3.8 million
Q3 Surprise LandCo LLC acquired part of Greenway Marketplace, in Surprise, Ariz., from a private investor. The 8,500-square-foot building is leased to Dairy Queen and other tenants. Cushman & Wakefield represented the buyer, and Sperry Van Ness stood in for the seller.
$3.6 million
Blacktide Development LLC, of Franklin, Tenn., and Wood Investments Cos., of Costa Mesa, Calif., bought Village Marketplace, a 44,200-square-foot center in Spring Hill., Tenn. Food Lion and Family Dollar anchor the property. The price amounted to $80.65 per square foot and represented a 7.9 percent cap rate.
By Edmund Mander
Director, Editor-In-Chief/SCT
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