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C+CT

Transactions: Who’s paying how much for what

February 20, 2020

$165 million
Infinity Real Estate and Nightingale Properties sold a 340,000-square-foot portfolio of mixed-use properties in Brooklyn, N.Y., to Urban Edge Properties. The portfolio consists of the 230,000-square-foot, T.J.Maxx-anchored Kingswood Center and the 110,000-square-foot, Marshalls- and Target-anchored Kingswood Crossing.

 $147 million
Continental Realty Corp. bought the 510,000-square-foot Mount Pleasant (S.C.) Towne Centre. Barnes & Noble, Bed Bath & Beyond and Belk anchor the center, which is also home to a Regal cinema. The seller was a joint venture between Miller Capital Advisory and the California Public Employees’ Retirement System.

 $75.3 million
Canadian investment firm Choice Properties Real Estate Investment Trust sold the 177,000-square-foot Shops at Oak Brook (Ill.) Place to DWS Group, an affiliate of Deutsche Bank. DSW, Nordstrom Rack, T.J.Maxx and World Market anchor the property.

 $51.4 million
Prep Property Group bought the 365,300-square-foot Aurora City Place, in Park City, Utah, from Weingarten Realty and GDC Properties. The tenants include Conn’s, Michaels, Party City, PetSmart and Ross Dress for Less.

 

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$37.8 million
Alto Real Estate Funds bought Prince William Square, in Dale City, Va., from Rosenthal Properties. Ashley HomeStore, Harbor Freight Tools, Mom’s Organic Market and Ross Dress for Less are tenants at the 233,000-square-foot center.

$34.9 million
Alidade Capital bought the Publix-anchored Millpond Village, in Cary, N.C., plus 3 acres across the street. The center is also home to Dollar General, Sport Clips and Wake Technical Community College.

$5 million
A limited-liability company purchased an 8,800-square-foot, Dunkin’-anchored center in Wheaton, Ill. Marcus & Millichap represented the seller.

 $3.7 million
LPP bought Prominence Shops II at Liberty Park, a 9,050-square-foot property in Vestavia Hills, Ala. The tenants include Liberty Pediatrics, Liberty Pharmacy and a Your Pie pizzeria.

$2.04 million
A local investor acquired a new, 3,750-square-foot retail outparcel at Mansion Mall, in Poplar Bluff, Mo. The building is leased to a Starbucks with a drive-thru and to Verizon. Hanley Investment Group represented the seller. Marcus & Millichap represented the buyer, a private investor from New Jersey.

By Brannon Boswell

Executive Editor, Commerce + Communities Today

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