National News

Cleeman Realty arranges the $8.4 million sale a free-standing Kohl’s in Knoxville, TN

Knoxville, TN Cleeman Realty Group negotiated the $8.4 million off-market sale of a free-standing Kohl’s. The 86,900 s/f building is located at 5312 Washington Pike on a 32 acre lot. Cleeman Realty Group represented the seller in the off-market transaction.

Stiles begins 232-unit multifamily community at Grove Ninety-Eight in Wake Forest, NC

Wake Forest, NC Stiles has commenced construction on a 232-unit multifamily community at Grove Ninety-Eight, a mixed-use master planned development also featuring a 100,000 s/f Wegmans, an additional 80,000 s/f of walkable retail, and 395 “for sale” residential units. The project is located in the evolving North Raleigh submarket,

BG Capital sells Philadelphia industrial facility

Philadelphia, PA BG Capital sold their cold-storage industrial facility to a real estate fund managed by Ares Management for an undisclosed price. The property located at 1801 N 5th St. is a 105,000 s/f, tri-

RK Centers acquires 256,000 s/f Pineapple Commons in Sunny Isles Beach, FL for $48.5 million

Sunny Isles Beach, FL RK Centers has acquired the Pineapple Commons, a regional power center with 256,000 s/f of open-air shopping located on US-1 at 2505 NW Federal Hwy. The purchase price was $48.5 million. The seller was Kimco Realty, represented by broker Dennis Carson of CBRE.

Lee & Assocs. and the Lee Land Team sell self-storage site in Murieta, CA for $5.8 million

Murrieta, CA Lee & Associates, and the Lee Land Team, sold an entitled self-storage site on Murrieta Hot Springs Rd. and Date St. on 3.04 acres. Matt Weaver, Al Apuzzo and Alex Bentley represented the seller, MHS 98 LLC.

Mohanan joins Sanbord, Head & Associates, Inc. Philadelphia office

Philadelphia, PA Sanborn, Head & Associates, Inc. (Sanborn Head) has added Nisha Mohanan, PE as a project director in the firm’s Development Client Service Area. Mohanan will serve as a senior leader

South Florida real estate investor uses Worth Avenue Capital loan to invest in a condo in West Palm Beach

West Palm Beach, FL Worth Avenue Capital, LLC (WAC) closed a $285,000 loan to a real estate investor in South Florida. The loan proceeds were used to purchase a condo on South Flagler Dr. The loan is secured by a blanket first mortgage on the condo unit that was purchased as well as a second mortgage on another property in

Cleeman Realty Group brokers off-market sale of Johnstowne Mall in Shelbyville, Illinois

Shelbyville, IL Cleeman Realty Group negotiated the off-market sale of Johnstowne Mall. The 70,338 s/f shopping center was 74% occupied at the time of closing and featured a lineup of national tenants including Dollar Tree, O’Reilly Auto Parts and Ace Hardware.

Cleeman Realty Group arranges $10.1m off-market sale of net lease Winn Dixie Supermarket in Laplace, LA

Laplace, LA Cleeman Realty Group negotiated the off-market sale of a freestanding Winn Dixie Supermarket. The 62,297 s/f building is located at 1830 West Airline Hwy. on a 7 acre lot. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the buyer

The Broadway Company sells 'Le Charles' in Montreal for $8.65 million

Montreal, Canada Boston-based real estate investment firm The Broadway Company has sold 3639-3641 Sainte-Famille, a 51-unit apartment building in the heart of the McGill Student District in Montreal, Quebec, Canada. The sale price was $8.65 million CAD