12 stories on acquisition in commercial real estate.
CenterCal Properties has acquired Mira Mesa Market, a 249,225-square-foot retail center in San Diego, expanding its Western U.S. open-air retail portfolio.
SoJo Spa Club owner Eun Rae Jo and partner Hyun Jun An acquired 893 Broadway in Manhattan's Flatiron District for $31 million from RCLCO Fund Advisors and L3 Capital.
CenterSquare Investment Management acquires four retail centers totaling 162,612 sq ft across NC, AZ, NV, and CO at 93% occupancy.
Bain Capital and 11North Partners acquired five open-air retail centers totaling 757,000 sq ft across four states for approximately $300 million.
Zelco Properties and The Grossman Cos. acquired the 175,000 SF Ansonia Shopping Center in southwestern Connecticut for $8.4 million, or $48 per square foot.
Prudent Growth Partners acquired Eastgate Shopping Center in Batavia, Ohio for $3.3M, adding the 20,520-SF, 94%-leased retail asset to its portfolio.
Prudent Growth Partners acquired the 20,520-SF Eastgate Shopping Center in Batavia, Ohio for $3.3M, adding 94%-leased suburban retail to its portfolio.
Apex Bank acquired 23-story Riverview Tower at 900 S. Gay St. in downtown Knoxville from a Hertz Investment Group affiliate, with SVN | Wood Properties brokering the deal.
BC Wood Properties acquired Fairfield Shopping Center in Virginia Beach for $34.9M. The 184,106-SF grocery-anchored center is anchored by Food Lion and T.J. Maxx.
Continental Realty Corp. acquired the 136,327-SF West Ashley Shoppes in Charleston from Ziff Real Estate Partners for $22.6 million, with the center 90% leased at close.
Founders Properties acquired Gateway I & II, a fully leased 169,656 SF two-building industrial portfolio in Eagan, MN for $26.4 million.
TMG Partners assumed the ground lease on the four-story Metreon shopping center in downtown San Francisco, a 92% leased property previously assessed at $150.7 million, with plans to rebrand the fourth-floor event space.