Atlanta: Faring purchased 17th and Northside — a fully leased, core, infill retail property in West Midtown — from Ardent for $28.6 million. JLL marketed the 32,817-square-foot property. “We have long loved Atlanta’s fundamentals and Midtown’s growth story,” said Jason Illoulian, CEO of Faring, which is based in Los Angeles’ West Hollywood. “We want to have a presence here and are looking to further invest in the area.” The property is 100% leased to such tenants as Chipotle, Dunkin’, McAlister’s Deli, Hollywood Feed and SunTrust.

Atlanta: Special servicer CWCapital sold The Gallery at South DeKalb to Namdar for $19.3 million. Newmark facilitated the auction of the 71-acre property through RealInsight Marketplace. Bidding started at about $5 million. The mall opened in 1968 and lost its Macy’s anchor in 2020.

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Murrieta, California: A single-tenant net lease retail property occupied by Smart & Final Extra traded for $8.5 million, representing a cap rate of 4.68%. Stevenson Real Estate Services represented the buyer, Los Angeles County’s Anza Drive Properties. Hanley Investment Group executive vice president Bill Asher represented the seller, a private partnership based in San Diego. Asher said: “We secured an all-cash 1031 exchange buyer based in Southern California and negotiated a short due diligence period and year-end closing to achieve the seller’s objectives. We closed at 99% of the asking price and achieved a record-low cap rate for a single-tenant Smart & Final nationwide.” The 20,750-square-foot building was built in 2003 and sits on 2.2 acres.

Rosamond, California: One Los Angeles-area property, pictured at top, brought in more money sold in pieces than if it had been offloaded as a whole, according to Hanley Investment Group, which arranged the sales of four new, single-tenant net lease properties to four separate Southern California buyers. The properties are occupied by Grocery Outlet, a Starbucks drive-thru, 7-Eleven and O’Reilly Auto Parts. They total 28,462 square feet and fetched a combined $19.37 million. “We anticipate seeing more shopping center owners implementing a breakup sale strategy to capitalize on the high demand for single-tenant retail pad product,” said Hanley executive vice president Bill Asher. “The value in implementing this strategy can result in up to a 150-basis-point spread in cap rates.”

Denver: Stockdale Capital Partners acquired the 1.1 million-square-foot Shops at Northfield from Australia’s QIC for $71 million. Tenants like Target, Macy’s, Bass Pro Shops and Harkins Theatres anchor the property.

St. Petersburg, Florida: Paradise Ventures will acquire downtown’s 2.2-acre, 85,357-square-foot Sundial shopping and dining complex from local investor Bill Edwards for $27.5 million. Tenants include Locale Market, Ruth’s Chris Steakhouse, Sea Salt seafood restaurant, Marilyn Monroe Spas, Chico’s, White House Black Market and Diamonds Direct. Paradise Ventures plans to convert 8,000 square feet space at the property into office.

Douglasville, Georgia: The 86,166-square-foot Douglasville Marketplace sold for $11.6 million to Continental Property Group LLC. SRS Real Estate Partners represented the seller, a Dallas-based private investor. Built in 2000 on 9.4 acres, Douglasville Marketplace is 100% occupied by such tenants as Ashley HomeStore, Best Buy and Kaiser Permanente.

Lake City, Georgia: The 91,494-square-foot, Kroger-anchored Lake City Commons sold for $11.9 million to Forge Capital Partners. Marcus & Millichap represented the seller, SomeraRoad.

Stonecrest, Georgia: M Street and Highline Real Estate Capital purchased Turner Hill Marketplace from RCG Ventures for $16.75 million. The 124,294-square-foot property is 100% occupied by such tenants as Burlington, American Signature Furniture and Chapel Beauty. Palomar Real Estate Group represented the seller.

Wilmette, Illinois: A 12,000-square-foot, single-tenant property net leased to apparel retailer Discovery Clothing Co. traded for $4.2 million. The building was constructed in 2012. Discovery Clothing is Chicago’s largest independently owned junior fashion retailer; it has 34 stores in Illinois, Indiana, Wisconsin and Florida. The Boulder Group represented the seller, an Israel-based real estate firm. The buyer was an East Coast institution.

Saugus, Massachusetts: Federal sold Saugus Plaza, a 165,800-square-foot property in the Boston area, for $39.5 million to The Grossman Cos. and North Colony Asset Management. Stop & Shop has called Saugus Plaza home for more than 40 years. The 97%-leased center’s tenant mix also includes Floor & Decor, Buffalo Wild Wings, North Shore Liquors and King Crab. JLL Capital Markets represented the seller.

Brooklyn, New York: Gazit Horizons, the North American subsidiary of Israeli publicly traded company Gazit Globe, purchased Park Slope’s 555 Fifth Ave., a two-level retail building, from an LLC for $17.25 million, or $820 per gross square foot. The building features 21,016 rentable square feet. A portion of the 7,300-square-foot first floor is leased to Sherwin-Williams, and the 6,800-square-foot second floor and the 7,300-square-foot basement are leased to Crunch Fitness. JLL Capital Markets represented the seller.

Queens, New York: Raymour & Flanigan Properties, the real estate arm of the furniture retailer, acquired a former Modell’s Sporting Goods store in Ozone Park from The Polizzotto Family. Welco Realty represented the seller, and Retail Zone represented the buyer. The property, a former United Artists theater, is 18,000 square feet plus a 1,761-square-foot space leased to Papa John’s.

Toledo, Ohio: A local developer represented by Stan Johnson Co. sold the ground lease on a 141,610-square-foot Home Depot to a private 1031 exchange investor for $12 million.

Tulsa, Oklahoma: A 13,225-square-foot, single-tenant property net leased to CVS Pharmacy sold for $7.3 million. The deal reflects a 5.25% cap rate, according to Stan Johnson Co., which represented the seller in the 1031 exchange. A California-based institutional investor acquired the property, which was originally built in 2011 and sits on a 1.2-acre, corner parcel.

Levittown, Pennsylvania: Waterstone Properties sold Langhorne Plaza for $23.4 million. Floor & Decor, Starbucks, AT&T and Bob’s Discount Furniture are tenants.

Charleston, South Carolina: Bennett Hospitality acquired the former Hughes Lumber & Building Supply on 1.1 acres between the city’s iconic King and Meeting streets for $12.25 million. It plans to develop residential, retail and hospitality on the site. NAI Charleston represented the seller, a private family.

Flower Mound, Texas: CenterSquare purchased Arbor Crossing, a 19,266-square-foot retail property near Dallas, on behalf of a public pension plan client. The property is 100% leased to national tenants like The UPS Store, Verizon, Nekter Juice Bar and Fuzzy’s Taco Shop, as well as local service tenants.

Pearland, Texas: Edens sold Shadow Creek Ranch Town Center, a 613,468-square-foot, H-E-B-anchored power center within the 3,500-acre master-planned Shadow Creek Ranch to Fidelis. Completed in 2008, The 98%-leased property is tenanted by Academy Sports + Outdoors, Ashley HomeStore, Burlington, Dynamic Fitness, Hobby Lobby, Subway, Club Pilates, Men’s Wearhouse, Pure Barre and Salata. The sale includes 11 freestanding pad sites leased to tenants like Taco Cabana, Frost Bank and LongHorn Steakhouse. JLL Capital Markets marketed the property on behalf of the seller, and the new owner has engaged JLL to source post-acquisition financing.

Tukwila, Washington: Clarion Partners sold Park Place Shopping Center to a Seattle LLC for $36 million. K&G Fashion Superstore, Joann and PetSmart anchor the 154,000-square-foot, 12-acre property. CPX represented the buyer and the seller. Included in the deal is an adjacent four-acre property zoned for multifamily.