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Transactions: Who’s paying how much for what

March 12, 2020

$106 million
Slate Retail REIT acquired a 623,800-square-foot portfolio of seven grocery-anchored retail assets in the Southeast and mid-Atlantic from Armada Hoffler. Food Lion, Harris Teeter and Weis Markets are anchor tenants in the portfolio.

$50 million
Crosland Southeast and Nuveen Real Estate acquired a 12-acre site in Charlotte, North Carolina's Plaza Midwood neighborhood that includes the Central Square Shopping Center, for future mixed-use development. Tenants include Five Guys and an ABC store.

$24.8 million
An East Coast investor bought a 50,000-square-foot, single-tenant, net-leased property in Kildeer, Illinois, from a local company. The property, in Kildeer Village Square, is leased to Whole Foods. The Boulder Group represented the seller.

$14 million
Dallas-based Moran Capital sold the 93,600-square-foot Shoppes on Tamarac (Florida), to Shoppes on Tamarac LLC and Roalga LLC. Planet Fitness anchors the property.

 

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$11 million
InvenTrust Properties acquired the 62,600-square-foot Trowbridge Crossing, in Sandy Springs, Georgia, from an undisclosed seller. Publix anchors the center.

$8 million
An undisclosed buyer purchased the 601,200-square-foot Concord Mall, in Elkhart, Indiana, from an undisclosed seller. JCPenny and Hobby Lobby are tenants. SVN Chicago Commercial represented the seller.

$3.6 million
A private California investor purchased a 14,240-square-foot, triple-net-lease property in San Diego. The property is under a 25-year lease to Caliber Collision. Hanley Investment Group represented the seller, and CBRE stood in for the buyer.

$3 million
Lobisser Ferreira Construction Corp. purchased Hill Plaza, in Milford, Massachusetts, from M. Hill Cos. Tenants at the 2-acre center include Subway, a nail salon, an insurance firm and a laundromat.

By Brannon Boswell

Executive Editor, Commerce + Communities Today