Shopping Center Business is the leading monthly business magazine for the retail real estate industry.
Issue link: http://shoppingcenterbusiness.epubxp.com/i/710880
18 • SHOPPING CENTER BUSINESS • August 2016 NEWSLINE AVISON YOUNG ARRANGES $16.5 MILLION SALE OF WEST COLONIAL OAKS IN ORLANDO Avison Young has arranged the $16.5 million sale of West Colonial Oaks, a 160,792-square-foot shopping center lo- cated in Orlando. The Home Depot shad- ow-anchored property is home to tenants including Office Depot, Family Dollar, Fancy Fruit & Produce, Olive Garden and Ollie's Bargain Outlet. John Crotty, Josh- ua Ladle, Steve Tanner and Ray Hayhurst of Avison Young represented the seller, Noble Properties, in the transaction. Tri- arch Capital Group acquired the asset. KIMCO SELLS EAST ORLANDO SHOPPING CENTER FOR $6 MILLION Kimco Realty Corp. has sold East Orlando Shopping Center, a 131,981-square-foot, grocery-anchored center located in Or- lando, for $6 million. The property is an- chored by Bravo Supermarkets. Mishorim Gold East Orlando L.P. acquired the asset free and clear of existing debt. Brad Pe- terson and Whitaker Leonhardt of HFF represented the seller in the transaction. PINNACLE ARRANGES $4.1 MILLION SALE OF RETAIL PROPERTY IN METRO DENVER Pinnacle Real Estate Advisors LLC has arranged the $4.1 million sale of Indiana Marketplace, a 14,738-square-foot shop- ping center located in the Denver suburb of Arvada, Colorado. The property is lo- cated at 14805-14807 West 64th Ave. Jeff Johnson and Matt Ritter of Pinnacle rep- resented the undisclosed 1031 exchange buyer in the transaction. GREYSTEEL ARRANGES $7.5 MILLION SALE OF WAVERLY TOWERS SHOPPING CENTER IN BALTIMORE CITY Greysteel has arranged the $7.5 million sale of Waverly Towers, a 51,550-square- foot urban retail center located in Balti- more City, Maryland. The property was 96 percent leased at the time of sale to tenants including Advance Auto Parts, Family Dollar, Fresenius Medical Care and Ashley Stewart. Gil Neuman, Joyce Swain and Cyrus Kashfian of Greysteel represented the seller, Waverly Commons LLC, and procured the buyer, Brentwood Village LLC, in the transaction. LEE & ASSOCIATES ARRANGES $8.7 MILLION SALE OF NORTH CANYON RANCH Lee & Associates has arranged the $8.7 million sale of North Canyon Ranch, a 70,428-square-foot, Goodwill-anchored shopping center located in Glendale, Arizona. Pat Dempsey and Jan Fincham of Lee & Associates represented the seller, PLC Pinnacle Peak LLC, in the transaction. First Ave/Wetmore Office Plaza LLC acquired the property through a 1031 exchange. West Colonial Oaks is home to tenants including Office Depot, Fancy Fruit & Produce, Olive Garden and Ollie's Bargain Outlet. For more information, please contact: Keith Valentine u 678-718-1882 u kvalentine@cpdispo.com www.cpdispo.com u 678-718-1884 u CPD offices: Atlanta . Tampa . Greater Los Angeles ADDITIONAL AVAILABLE PROPERTIES MIDWEST RETAIL PROPERTIES AVAILABLE FOR SALE OR LEASE Sioux City, IA • FOR SALE 1.3 AC Outlot .69 AC Outlot Justin Riviera: jriviera@lundco.com Overland Park, KS • GROUND LEASE PAD Can accommodate a 6,000 SF Inline Building Jeff Berg: jeff.berg@colliers.com Lees Summit, MO • FOR SALE 1.08 AC Outlot 3.7 AC Outlot Jeff Berg: jeff.berg@colliers.com Wisconsin Rapids, WI • FOR SALE 1.29 AC Outlot .9 AC Outlot Dan Cohen: dcohen@midamericagrp.com Columbia, MO • FOR SALE 25,000 SF Building Adjacent to Home Depot Tom Egan: tegan@boudoures.com Logansport, IN • FOR SALE 1.3 AC Outlot Malinda Galloway: malinda@gmsrealestate.com Ellisville, KS • FOR SALE 1.43 AC Outlot Tom Egan: tegan@boudoures.com Fond Du Lac, WI • FOR LEASE 93,702 SF Building Dan Cohen: dcohen@midamericagrp.com Champaign, IL • FOR SALE OR LEASE 61,667 SF Building Adjacent to Home Depot Dan Cohen: 630.954.7233 dcohen@midamericagrp.com Lincoln, NE • FOR LEASE 66,228 SF Building Adjacent to Home Depot Justin Riviera: 402.548.4064 jriviera@lundco.com Normal, IL • FOR SALE 8.2 AC Land Parcel Adjacent to Home Depot Dan Cohen: 630.954.7233 dcohen@midamericagrp.com