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SCT

Transactions — Who’s paying how much for what

• Chicago-based Fairbourne Properties paid a fund managed by DRA Advisors nearly $85.8 million for The Streets of Brentwood (Calif.), a 358,600-square-foot center on 49 acres. The 50-store center's anchors include an AMC cinema, DSW, Sprouts Farmers Market and Ulta Beauty.

The Streets of Brentwood Fairbourne Properties acquired the property for $85.8 million

• Gazit Horizons, a subsidiary of Gazit-Globe, paid $47.3 million for a 60,000-square-foot retail condominium complex in the Williamsburg section of the New York City borough of Brooklyn. The asset, anchored by a CVS pharmacy and a Brooklyn Harvest market, is the retail component of The Edge, a master-planned luxury complex of 900 residences with a ferry terminal offering transportation to Wall Street and Midtown Manhattan. Holliday Fenoglio Fowler represented the unidentified seller.

• JBL Asset Management paid Retail Value $29 million for Lake Walden Square, a 244,500-square-foot center in Plant City, Fla., with Marshalls, Ross Dress for Less and Winn-Dixie among the anchors. The center is nearly 95 percent leased. Holliday Fenoglio Fowler represented Retail Value.

Lake Walden Square JBL Asset Management paid $29 million for this property

• Unison Realty Partners paid $9.1 million for Oyster Point Square, an 83,100-square-foot, Food Lion–anchored center in Newport News, Va. Holliday Fenoglio Fowler stood in for the unidentified seller.

• 1031 Exchange Services paid First American Exchange Co. nearly $3.5 million for a retail building containing a Wawa store in Kissimmee, Fla., in a deal brokered by NAI Miami Commercial Real Estate Services.

• Axios Real Estate Group paid an affiliate of Klein Enterprises $2.9 million for Rossville Station, a 14,900-square-foot neighborhood center in Baltimore occupied by restaurants and service providers. Neuman Commercial Group represented the seller and also procured the buyer.

• A San Diego private investor paid a Washington, D.C.– based investor $2 million for a 2,600-square-foot, single-tenant retail property in Greenville, N.C., occupied by a Popeyes. The tenant has 13 years remaining on a 20-year lease. Hanley Investment Group Real Estate Advisors represented the seller, and NNNet Advisors stood in for the buyer.

By Edmund Mander

Director, Editor-In-Chief/SCT

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