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C+CT

Transactions: Who’s paying how much for what

February 27, 2020

$102 million
CH Capital Group, Mason Asset Management and Namdar Realty Group acquired the South Park Mall, in San Antonio, Texas. Bealls, Dick’s Sporting Goods and JCPenney anchor the 664,000-square-foot property.

$75.4 million
GLL Real Estate Partners sold Atlanta’s 269,000-square-foot, Target-anchored Perimeter Place to Consolidated-Tomoka Land Co. Among the tenants there are Chipotle Mexican Grill, Panera Bread and Ross Dress for Less.

$60 million
Retail Value Inc. sold the 403,000-square-foot Hamilton Commons, in Mays Landing, N.J., to Time Equities. Hobby Lobby, Marshalls, Regal Cinemas and Ross Dress for Less anchor the property. JLL represented the seller.

$28.2 million
IRC Retail Centers sold the 88,000-square-foot Park Place Plaza, in St. Louis Park, Minn., to Bianco Properties. The tenants include Jersey Mike’s Subs, OfficeMax and PetSmart.

$22.7 million
MMG Equity Partners sold the Presidente Supermarket–anchored Crystal Lakes Shopping Center, in Homestead Fla., in Miami-Dade County, to VF4 Crystal Lake LLC. Among the tenants at the 85,700-square-foot property are 24 Hour Fitness and Goodwill.

$21.5 million
Vintage Properties purchased the 214,400-square-foot Century Center, in Modesto, Calif., from Graceada Partners and Somera Road.

 

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$13 million
A private investor sold the 80,500-square-foot, Kroger-anchored Varner Crossing, in Powder Springs, Ga., to another private investor. The Shopping Center Group represented the seller, and Coro Realty Advisors stood in for the buyer.

$10.4 million
Adler Realty Investments sold a single-tenant building within the Highland Village shopping center, in Fontana, Calif., to a private investor. Sprouts Farmers Market leases the 30,000-square-foot building.

$1.7 million
The 138,000-square-foot former Macy’s anchor store at the largely empty Cortana Mall, in Baton Rouge, La., sold to Cortana Place Acquisitions LLC.

$1.4 million
Park Development LLC acquired the Logansport (Ind.) Mall from a limited-liability company. The deal includes an empty Sears store and a Dollar General–anchored strip.

$540,000
Retailer One Stop Outlet purchased an 8,300-square-foot vacant building at Milwaukee’s former Northridge Mall from Granville Station LLC.

By Brannon Boswell

Executive Editor, Commerce + Communities Today

Commerce + Communities Today

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