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C+CT

Transactions: Who’s paying how much for what

October 17, 2019

$39.7 million
A subsidiary of Ohio-based Columbus Pacific Properties acquired Market Street at Heath Brook, a 400,000-square-foot outdoor center in Ocala, Fla., from Crefii-Market Street Property (a subsidiary of MGHerring Group and Tricom Real Estate Group), the Ocala Star Banner reports.

$23.3 million
Core Investment Management acquired The Shoppes at Southside, a 112,600-square-foot, fully leased center in Jacksonville, Fla., from Brixmor Property Group. Among the tenants: Best Buy, Cold Stone Creamery, David’s Bridal, Moe’s Southwest Grill and Urban Air Trampoline & Adventure Park. Aspen Dental, Chick-fil-A and Starbucks lease outparcels. JLL brokered the deal.

The Shoppes at Southside, Jacksonville, Fla.

$14.3 million
A private investor acquired Towers I and Towers II, a 72,500-square-foot, multitenant retail property in Cape Coral, Fla., from a personal trust in a deal that Marcus & Millichap brokered.

$7.6 million
A private investor bought an 18,600-square-foot building with 11 service bays on 2.3 acres leased to Pep Boys in Germantown, Md. The price represented a 6.1 percent cap rate. Calkain represented the seller.

$5.5 million
Prudent Growth Partners, of Chapel Hill, N.C., bought Olde Towne at Berwick, a 29,500-square-foot center in Savannah, Ga., from Berwick Commons, of Pooler, Ga. Franklin Street represented the seller.

Olde Towne at Berwick, Savannah, Ga.

$5.2 million
Stanbery Development Group bought Park & Starkey Plaza, a 63,000-square-foot, Big Lots–anchored, almost 90 percent leased neighborhood center in Seminole, Fla. The Outlier Group represented the seller, Park Center LLC.

$2.1 million
An unidentified buyer bought a newly built, 10,500-square-foot property net-leased to Goodwill in Luling, La., in a deal The Boulder Group brokered.

This Goodwill-occupied property in Luling, La., fetched $2.1 million

By Edmund Mander

Director, Editor-In-Chief/SCT