Business Deals
Sep 1, 2008 12:00 PM
DZD Holdings appointed Macken Realty as the exclusive leasing agent for Palmetto Gardens Plaza, a 107,000-sq.-ft. shopping center in Miami Gardens, Fla. Lillian Macken and Jodi Macken will handle this assignment on behalf of Macken Realty.
DBSI Acquisitions acquired Pinehurst Square, a 183,430-sq.-ft. power shopping center in Bismarck, N.D.
Stan Johnson Co. negotiated the sale of a nine-property commercial portfolio from Amprop Developer Corp. to an institutional investment group for $17 million. All of the properties range between 6,300 sq. ft. and 10,500 sq. ft. and feature Flowers Bakery as the tenant. They are located throughout Florida and Georgia. Greg Bond, of Stan Johnson Co., represented the seller in the transaction. David Clary represented the buyer.
CB Richard Ellis Debt & Equity Finance arranged a $17 million permanent mortgage for the Heritage Square Shopping Center, an 80,509-sq.-ft. community shopping center in South Brunswick/Monmouth Junction, N.J. James Gunning and Donna Falzarano negotiated this transaction.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for Crown Plaza, a 76,181-sq.-ft. shopping center in Maplewood, Minn. Bruce J. Harris and Alan E. Slindee will handle this assignment on behalf of Marcus & Millichap.
Marcus & Millichap Real Estate Investment Services negotiated the sale of Eleven 20 Club, a 63,256-sq.-ft. retail center in Oak Park, Ill., for $16 million. Evan Halkias and Michael Marks, of Marcus & Millichap, represented both parties in the transaction.
DBSI Acquisitions acquired Topsham Fair Mall, a 45,469-sq.-ft. retail center in Topsham, Maine.
Cofinance, Inc. purchased 556 Route 17 North, a 21,899-sq.-ft. retail property in Paramus, N.J., for $12 million.
DBSI Acquisitions acquired Florissant Marketplace, a 146,257-sq.-ft. retail property in Florissant, Mo.
NAI Hunneman negotiated the sale of 121 Main St., a 14,828-sq.-ft. Walgreens in Foxborough, Mass., from Arista Foxborough LLC to Fineberg Cos. for approximately $7 million. Robert Tito and John Aron, of NAI Hunneman, represented the seller in the transaction.
Sperry Van Ness negotiated the sale of Beachway Shopping Center, a 57,000-sq.-ft. retail property in Pompano Beach, Fla., to RMS Properties for $6 million. R. Lee Brushingham, of Sperry Van Ness, represented the seller in the transaction. Keith Kidwell represented the buyer.
NorthMarq Capital, Inc. arranged a $6 million first mortgage for Northwest Plaza, a 75,294-sq.-ft. retail property in Rochester, Minn. The loan featured a 10-year term and a 25-year amortization schedule. Brian Henne negotiated this transaction.
NorthMarq Capital, Inc. arranged a $5 million first mortgage for Teton Spectrum, a 33,801-sq.-ft.retail center in Ammon, Idaho. The loan featured a 7-year term and a 30-year amortization schedule. Marco Louis negotiated this transaction.
NorthMarq Capital, Inc. arranged a $4 million first mortgage for two Circuit City stores totaling 49,925 sq. ft. in Lubbock and Tyler, Texas. The loan featured a 10-year term and a 25-year amortization schedule. David Blum negotiated this transaction.
NorthMarq Capital, Inc. arranged a $3 million first mortgage for Turnberry Crossing, a 53,775-sq.-ft. retail property in Newport News, Va. The loan featured a 20-year term and a 25-year amortization schedule. Matthew Kohlhoss and Gary McGlynn negotiated this transaction.
Marcus & Millichap Real Estate Investment Services has been appointed as the exclusive listing agent for the Shoppes at Vista Way, two retail properties in Garfield Heights, Ohio. Patrick Weibel and Robert Bender will handle this assignment on behalf of Marcus & Millichap.
Acceptable Use Policy blog comments powered by Disqus
