A consortium led by Canadian landlord Canderel will acquire Cominar, a Canadian REIT that owns 310 office, retail and industrial properties totaling 35.7 million square feet in Montreal, Quebec City and Ottawa. The price was 2.1 billion Canadian dollars. The investor group then will sell some of Cominar’s retail and office properties to real estate developer Mach.

Blue Owl will acquire Oak Street Real Estate Capital and its investment advisory business for $950 million. Oak Street structures sale-leasebacks, including triple net leases, and provides seed funding and strategic capital to businesses. The transaction is expected to close this quarter.

Kimco Realty acquired from joint-venture partner Jamestown the remaining 70% interest in a portfolio of six Publix-anchored, Sun Belt shopping centers totaling 1.2 million square feet. The gross purchase price was $425.8 million. Subsequently, Kimco entered into a 50/50 JV with Blackstone Real Estate Income Trust for the portfolio. Kimco will continue to manage the properties. Kimco entered the portfolio via its August acquisition of Weingarten Realty.

The 721,739-square-foot Countryside Marketplace in Menifee, California, traded for $121.2 million. Seller Donahue Schriber developed the center in 2007 and has leased and managed the property since. The buyer is a privately held investment firm from Chino, California. Target, Lowe’s, Kohl’s, Best Buy, T.J.Maxx, HomeGoods, Michaels, Burlington, Staples, Petco and Ulta Beauty anchor the 100% leased center. Lucescu Realty was the sole broker.

A life company will lend $31 million to refinance the 102,920-square-foot Northgate Plaza shopping center in Thousand Oaks, California. The four-building center is anchored by Bed Bath & Beyond, BevMo, Starbucks, Verizon and Fidelity. The loan features a fixed-rate payment over a 10-year term with flexible prepayment, and it provided cash-out proceeds to the property sponsor. Mortgage banking firm Gantry helped secure the loan. “Retail suffered from tremendous uncertainty in 2020, but we have seen resilience since then from essential suburban retail center assets,” said Gantry associate Tony Kaufmann. “As a result, life company lenders are competing aggressively for qualified assets, particularly with these long-term, legacy hold loans for assets like Northgate Plaza.”

JB Capital Management and Royce Properties purchased Fresh Market Village in Jupiter, Florida, for $25.5 million. The 55,046-square-foot, 97%-occupied property features neighborhood restaurants and high-end retail stores. The center was constructed in 1989 and updated in 2014 when Fresh Market opened. Adar Jupiter LLC acquired the property in 2013. Tenants include 2 Vinez restaurant and wine bar, Starbucks, Casa Mia and women’s clothing boutique Gretchen Scott. Atlantic Retail helped broker the deal.

Lowe’s Plaza — a fully leased, 160,000-square-foot retail center anchored by Lowe’s in Wallingford, Connecticut — sold for $20.25 million. JLL represented the seller, Davenport Cos.

NAI Legacy purchased five properties from Stablewood — a 7-Eleven in Colorado, an Advance Auto Parts in Florida, a CVS in Florida, a Sherwin-Williams in Missouri and a Tractor Supply Co. in Pennsylvania — for $20.5 million. NAI Legacy will place the properties into a Delaware Statutory Trust.

Sunrise Promenade — a new, 26,852-square-foot development in Peoria, Arizona — sold for $18.3 million, or $680 per square foot. The property, shadow-anchored by Aldi, is 100% leased. Other tenants include Club Pilates, StretchLab, YogaSix, Pacific Dental Services, Athletico Physical Therapy and Pearle Vision. Phoenix Commercial Advisors represented the seller.

America’s Realty purchased South Crater Square and Pinehill Plaza in Petersburg, Virginia, for $10.3 million. The single-story centers, which total 192,510 square feet, sit opposite each other on South Crater Road. Eastern Union arranged $8.2 million in financing. The $7.7 million acquisition component of the loan represented a 75% loan-to-cost ratio. The bank, a traditional balance sheet lender, provided an additional $500,000 loan toward tenant improvements and leasing commissions, held back until additional space is leased. South Crater Square is 83% occupied and Pinehill Plaza 29%. Lenders typically do not finance retail projects with occupancy below 75%, said Eastern Union senior managing director Marc Tropp. The interest rate on the full-recourse loan equaled 3.6% over a five-year term with 12 months of interest-only payments.

NAI Legacy acquired a net leased Walgreens in Tampa, Florida, for $7.1 million. The Home Depot anchors the surrounding property.

A family trust sold a 15,120-square-foot, single-tenant retail building that’s triple net leased to Walgreens in Whittier, California, for $6.6 million. JLL marketed the property on behalf of the seller. A private investor acquired the asset in an all-cash transaction.

A private investor based in New York bought a new, 5,394-square-foot, freestanding reail building in Land o’ Lakes, Florida, on a triple-net ground lease to Circle K. A Florida-based developer sold it for $4.4 million at a 4.45% cap rate.

Steelman Properties bought a new, 7,489-square-foot Dollar General in Amity, Oregon, for $2.7 million. It sits on 0.6 acres. Norris & Stevens represented the buyer, and Fortis Net Lease represented the seller, Hix Snedeker Development.

Academy Hill Realty acquired Village Shoppes at Salem, a 170,398-square-foot center in Salem, New Hampshire. Marcus & Millichap Institutional Property Advisors represented the seller and procured the buyer. Tenants include Best Buy, Michaels, PetSmart, DSW, Cost Plus World Market and Five Below. Prior to development as a shopping center, the site was occupied by a 300,000-square-foot dry storage warehouse.

RCG Ventures sold a 118,161-square-foot property in the Columbus area to a private real estate investment group. The property, fully leased to Floor & Decor and Arhaus and shadow-anchored by Lowe’s, sits within Mill Run Square shopping center in Hilliard, Ohio. Hanley Investment Group Real Estate Advisors and ParaSell represented the seller. Luttner Passov Investment Group represented the buyer.

CenterSquare purchased Riverbend Village, a 31,721-square-foot property in Charlotte, North Carolina. The asset is 100% leased to a veterinary clinic and other local service providers and sits in the center of a master-planned development with a new Harris Teeter; apartments; townhomes; Corning Optical Communications’ new, 375,000-square-foot headquarters; and a to-be-built Novant hospital.