$300 million
Some real estate funds managed by The Blackstone Group acquired a 50 percent stake in the 1.7 million-square-foot Starfield Hanam shopping center, in Hanam, South Korea, from Taubman.
$30 million
Bianco Properties, of St. Louis, bought Tacoma (Wash.) Central, where T.J.Maxx is an anchor and Dollar Tree and PetSmart are among the tenants. Capital Pacific brokered the deal.
$25.7 million
Stirling Properties acquired the Santa Rosa Commons, a 138,900-square-foot, Publix-anchored, almost fully occupied retail center in Pace, Fla. PetSmart, Shoe Carnival and T.J.Maxx are among the tenants. JLL represented the seller.
Santa Rosa Commons, in Pace, Fla.
$22.3 million
RK Centers, of Sunny Isles Beach, Fla., acquired a 96,200-square-foot retail property in Pembroke Pines, Fla., from Bayshore Developers VII. The nearly 10-acre property, located in front of the Pembroke Pines Mall, includes a Bed Bath & Beyond and a Party City among its tenants. The price amounted to $231 per square foot. Raanan Katz, a former partner of the NBA's Miami Heat team, owns RK Centers.
$18.4 million
Space Investment Partners, of Irvine, Calif., acquired Westport Plaza & Square, a 39,000-square-foot, fully leased retail center in Costa Mesa, Calif., from Wohl Investment Co., of Newport Beach, Calif. CBRE represented the seller.
Westport Plaza & Square, Costa Mesa, Calif.
$17 million
GIGU Inc. acquired the Stockton (Calif.) Plaza, a 105,300-square-foot, Food Source–anchored retail center, from PPC-Stockton Plaza, L.P. SRS Real Estate Partners represented the seller.
$9.6 million
Investment Concepts, of Orange County, Calif., acquired the Alma Elliot Square, a 62,200-square-foot center in Chandler, Calif., that is about 62 percent leased, from TriGate Capital. Newmark Knight Frank represented the seller.
$3.2 million
An investor bought a 2,940-square-foot store leased to 7-Eleven in Fredericksburg, Va., from an East Coast real estate fund. The Boulder Group represented both parties in this deal.
$2.3 million
An investor bought a gas station occupied by a 7-Eleven in Sarasota, Fla. The price represented a 5 percent cap rate. Hanley Investment Group represented the seller, and Horvath & Tremblay stood in for the buyer.
This gas-station and convenience store in Sarasota, Fla., fetched about $2.3 million
By Edmund Mander
Director, Editor-In-Chief/SCT
