• ShopOne Centers REIT paid Sabal Financial Group and Slate Trails Holdings $21.9 million for Trails Shopping Center, a 135,300-square-foot, Publix-anchored property in Ormond Beach, Fla. Faris Lee Investments brokered the deal.
• North Lauderdale Associates paid Hutton $18.3 million for Gleason Place, a 129,000-square-foot shopping center in Lake City, Fla., occupied by Dick’s Sporting Goods, Hobby Lobby and Ross Dress for Less, among other tenants. NKF Capital Markets represented the seller.
• LBX Investments paid Regency Centers nearly $13.7 million for Alafaya Commons, a 130,800-square-foot center in Orlando, Fla., with Academy Sports & Outdoors and Youfit Health Clubs as co-anchors. Holliday Fenoglio Fowler represented the seller and also assisted the new owner to obtain a loan.
• Unison Realty Partners paid Oyster Point Square, LLC, $9.1 million for Oyster Point Square, an 89,100-square-foot shopping center in Newport News, Va., anchored by Food Lion and Family Dollar.
Cordova (Tenn.) Village
• HAO Investment Co. paid Cordova TN, LLC, $5.2 million for the 30,000-square-foot Cordova (Tenn.) Village. Tenants at the 92 percent–occupied shopping center include Domino’s Pizza and Subway. Tiktin Real Estate Investment Services represented the seller.
• A private investor paid an unidentified developer about $2.8 million for a single-tenant property in Perris, Calif., occupied by a 2,100-square-foot Del Taco store with 18 years left on its 20-year triple-net lease. Hanley Investment Group Real Estate Advisors represented the seller, and Realtex Properties stood in for the buyer.
By Edmund Mander
Director, Editor-In-Chief/SCT
