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C+CT

Transactions: Who’s paying how much for what

October 24, 2019

$40.7 million
CIRE Equity acquired the Sparks (Nev.) Galleria, a 212,650-square-foot center anchored by Sprouts Farmers Market and Marshalls-HomeGoods, from Pine Tree Commercial Realty. Newmark Knight Frank represented the seller.

$25.9 million
A subsidiary of Sterling Organization acquired the 136,000-square-foot Bluffs Square Shoppes, a Publix-anchored shopping center in Jupiter, Fla., from a subsidiary of Regency Centers, as reported in The Real Deal.

$20.5 million
Galium Capital purchased the 77,600-square-foot Palm Square, a retail center in Pembroke Pines, Fla., from a subsidiary of Bar Invest Group. The property, which is almost fully occupied, sits on nearly a dozen acres. Marcus & Millichap brokered the deal.

$17.5 million
Palm Bay West LLC, a South Florida–based investment group, acquired the Palm Bay (Fla.) West, a 262,600-square-foot shopping center with Winn-Dixie and Roses Discount Stores as anchors, plus Dollar Tree, an NCG cinema, Ollie’s Bargain Outlet and Planet Fitness as junior anchors. Institutional Property Advisors represented the seller, an unidentified investment group based in New York.

Palm Bay (Fla.) West

$10.8 million
Prairie Ridge USA, of Coral Gables, Fla., acquired the Prairie Ridge Commons, a center consisting of three buildings totaling nearly 27,000 square feet in Pleasant Prairie, Wis. The seller was Repak Pridge Partners, of Northbrook, Ill.

$6.7 million
A private investor bought a 34,600-square-foot retail property in Bradenton, Fla. Marcus & Millichap represented the seller, a private investor.

$5 million
BBK Investments bought the 44,200-square-foot University Center South, a shopping center with second-floor office space in Jacksonville, Fla., from Tavaco Properties.

$4 million
A private investor acquired a nearly 13,000-square-foot property in Newnan, Ga., net-leased to CVS. The Boulder Group represented the seller.

This property net-leased to CVS in Georgia fetched $4 million

$3.1 million
Augusta, Ga.–based Henbell McDonough HFT bought the 22,300-square-foot Crossroads Market, in North Augusta, S.C., from WRG-2019, LLC, of Augusta, in a transaction that Franklin Street brokered.

Crossroads Market

$1.4 million
Wood Investments bought a 7,000-square-foot, single-tenant, net-leased property in Bakersfield, Calif. The cap rate on the deal was 7 percent. Colliers International represented the seller, Sultan Financial Niles, LLC.

$975,000
MSK Realty acquired the Delux Retail Center, a 15,300-square-foot center in St. Augusta, Minn. KW Commercial stood in for the buyer.

By Edmund Mander

Director, Editor-In-Chief/SCT

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