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SCT

Transactions — Who’s paying how much for what

$28 million
Round Hill Square Shopping Center, in Zephyr Cove, Nev., was acquired by a partnership of Davidson Retail and Round Hill SC. The seller, based in Purchase, N.Y., is identified as ROIC Zephyr Cove LLC. The 116,000-square-foot center, whose tenants include Dollar Tree, the U.S. Postal Service and Wells Fargo, is 97 percent occupied.

Round Hill Square Shopping Center, near Lake Tahoe, Nev., fetched $28 million

$20 million
The 60,000-square-foot Pebblebrooke Center, in Naples, Fla., was sold by an affiliate of Metro Commercial to Plaza 35-Pebblebrooke-Naples, a partnership of two limited-liability companies. The fully leased, Publix-anchored center has roughly 30 tenants, including Subway, Pizza Hut, a church and a florist. CBRE represented the seller.

$19.2 million
East Gate Alliance acquired the 90,100-square-foot, LA Fitness–anchored Marketplace Shopping Center, in St. Petersburg, Fla., from Regency Centers Corp. at a price that works out to about $213 per square foot. JLL represented the seller.

$7.2 million
The 31,000-square-foot 3138 Commodore Plaza, a vacant mixed-use building in Miami’s Coconut Grove neighborhood, was sold to a partnership of Terra Group and Banyan Street Capital. The price came to about $232 per square foot. Cushman & Wakefield represented the seller, an affiliate of Hollywood, Fla.–based MG3 Developer Group.

$4.05 million
KCS Arizona, of Tempe, Ariz., bought the four-tenant Campbell Shops, in Phoenix, for the equivalent of $466 per square foot from Santa Fe Arms, of Yuma, Ariz. Among the tenants is a 7-Eleven. Orion represented the seller, and Cambridge Properties stood in for the buyer.

$3.4 million
Agents representing German discount grocery chain Lidl acquired a 7.5-acre site in Dover, Del., where the chain plans to build a 25,400-square-foot store, according to Delaware Online (part of the USA Today network).

Lidl, which has restrategized its store rollout in the U.S., acquired a site in Dover, Del.

$1.4 million
A private investor bought Amscot Ground Lease, a 3,000-square-foot net-leased property in Orlando, Fla., from a 1031 exchange seller.

$1 million
A private investor acquired a 9,000-square-foot Dollar General net-leased property in Sallisaw, Okla., with Marcus & Millichap representing the buyer and the seller.

By Edmund Mander

Director, Editor-In-Chief/SCT

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