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$63.3 million
GRI Avenue (an investment subsidiary of First Washington Realty) acquired Maple Avenue Shopping Center, a 111,800-square-foot center in Vienna, Va., anchored by a Giant supermarket. Avison Young represented GRI Avenue. The seller was not identified.
$55 million
An affiliate of Vestar acquired East Washington Place, a 343,000-square-foot center in Petaluma, Calif., anchored by Dick’s Sporting Goods, PetSmart, Sprouts Farmers Market, Target, T.J.Maxx-HomeGoods and Ulta Beauty. The seller was Regency Petaluma, a subsidiary of Regency Centers. The center is nearly 100 percent occupied.
Warner West, a 73,400-square-foot retail redevelopment site in Huntington Beach, Calif., fetched $21.4 million
$21.4 million
Merlone Geier Partners acquired Warner West, a 73,400-square-foot retail redevelopment site in Huntington Beach, Calif., from a private family trust. The property, 78 percent leased, is home to Big Lots, some in-line stores and a restaurant pad building. HFF represented the buyer.
$17.9 million
Hackney Real Estate Partners acquired Tradewinds Shopping Center, a 178,600-square-foot center in Pensacola, Fla. The center is 92 percent occupied. Among the tenants are Advanced Dental Care, Dollar General, GNC, Joann Fabric & Craft, Massage Envy, Shoe Station, Sprint, Tuesday Morning and T.J.Maxx-HomeGoods.
$10.3 million
Natomas Marketplace, in Sacramento, Calif., was acquired by a Bakersfield, Calif., private investor. The 50,200-square-foot property, built in 2007, is home to Ace Hardware, CVS Pharmacy and Dollar Tree, and it is 100 percent occupied.
$5.3 million
SBH Real Estate Group, Inc., a Los Angeles–based real estate investment firm, bought the 21,500-square-foot retail property at 810–822 S. San Fernando Blvd., in Burbank, Calif., from Pacific Group LLC. Since the acquisition, SBH has leased the site to Harbor Freight Tools and has begun renovations there.
$5.5 million
RD Management LLC sold an 86,500-square-foot, vacant Kmart store in Tolleson, Ariz., to New Generation Properties.
In Paradise, Calif., Hanley Investment Group Real Estate Advisor arranged the sale of a brand-new, 2,500-square-foot, single-tenant Starbucks with a drive-thru for $2 million. The seller was a private investor based in Los Angeles. CBRE represented the buyer, a private investor in Sonoma, Calif.
By Edmund Mander
Director, Editor-In-Chief/SCT
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