Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Inland Center Mall located at 500 Inland Center Drive in San Bernardino, California. A joint venture of Walton Street Capital and Macerich Company purchased the center from La Salle Investment Management. Inland Center Mall is a 1.05 million square foot regional mall.
Palmer Capital Inc. is pleased to announce the successful sale of Christown Spectrum. Kimco Realty Corporation purchased the property from Coventry Real Estate. Christown Spectrum is a 848,840 square foot destination retail center located in Phoenix. The property is anchored by Walmart, Costco, and SuperTarget and also features a 14-screen Harkins Theatre.
Palmer Capital Inc. is pleased to announce the successful recapitalization of Valley Mall located at 2515 Main Street in Union Gap, Washington. Principal Global Investors purchased an equity position from Oaktree Capital Management. Centercal Properties, the property's owner, operator and developer, retained its interest in partnership with Principal Global. Valley Mall is a 659,447 square foot retail center located in the Yakima/Union Gap trade area. National tenants include Sears, Borders, Old Navy, Ross, Linens N Things, TJ Maxx and Rite Aid.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Mall 205/Plaza 205, located at SE Washington Street and I-205 in Portland, Oregon. Denver-based GDA Real Estate purchased the property from a venture of Oaktree Capital Management and Center Oak Properties. Mall 205/Plaza 205 consists of 656,978 square feet (479,894 square feet included in the sale) in two anchored shopping centers in Portland. The centers were nearly 93% occupied at the time of sale and is anchored by Home Depot, 24-Hour Fitness, Bed Bath and Beyond, Office Max, Dollar Tree and Jo-Ann Fabrics.
Palmer Capital Inc is pleased to announce the successful sale of Provo Towne Centre. Brixton Capital purchased the property from General Growth Properties. Provo Towne Centre is a 592,316 square foot interior mall located in Provo, Utah. The mall is anchored by Sears, JCPenney, Cinemark, and Dillard's (NAP).
Palmer Capital Inc is pleased to announce the successful transaction of Blue Oaks Town Center. Merlone Geier Partners purchased the property from Rocklin Retail LLC. Blue Oaks Town Center is a ±575,000 square foot regional destination center located in Rocklin, California just 25 mile NE of Sacramento. Anchored by the only movie theatre west of I-80, significantly expanding the center's trade area. Anchors featured RC Willey, Sportsman's Warehouse, Crunch Fitness, and Blue Oaks Cinema 16.
Palmer Capital Inc is pleased to announce the successful negotiation/sale and financing of 1933 Davis Street. WHI Capital Partners purchased the property from ScanlanKemperBard and engaged Palmer Capital to finance the Property. Westgate Center is a 564,657 square foot mixed use project located in San Leandro CA. The property is prominently located adjacent to Interstate 880 and is one of the most visited destinations in San Leandro.
Palmer Capital Inc is pleased to announce the successful sale of Country Club Centre. Tourmaline Capital purchased the property from Buzz Oates Group of Companies. Country Club Centre is a 496,097 square foot retail center located in Sacramento, CA. It is anchored by a Wal-Mart Supercenter and Sam's Club.
Palmer Capital Inc is pleased to announce the successful re-financing of Country Club Plaza. Country Club Plaza is a 410,000 square foot entertainment themed retail project located in Sacramento’s Watt Avenue/Arden Arcade submarket. The property is currently 40% leased and has pending leases to increase occupancy to 70%.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Creekside Town Center in Roseville, California. AEW Capital Management purchased the property from a joint venture of Donahue Schriber, Britannia Pacific Properties, and The Evergreen Company. Creekside Town Center is a 360,942 square foot destination retail property that is considered among the most successful retail centers of its kind in Northern California. The center features approximately 95% of its square footage leased to credit or nationally recognized tenants.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Southgate Plaza in Sacramento, California. Hill Companies purchased the property from Westwood Financial. Southgate Plaza is a 350,103 square foot regional shopping center.
Palmer Capital Inc. is pleased to announce the sale of Firecreek Crossing, located at Kietzke Lane and South Virginia Street in Reno, Nevada. American Assets of San Diego purchased the property from Wattson Brevast. Firecreek Crossing is a 347,651 square foot power retail center situated near Reno's dominant regional mall and in close proximity to Downtown Reno. The center was 99% occupied at the time of sale.
Barclay's Realty of Beverly Hills, California, and its affiliates purchased the property from SES properties. 15-201 North Nellis Boulevard in Las Vegas, Nevada is a 337,489 square foot power center with convenient access to Interstate 515 and downtown Las Vegas. The center is anchored by Wal-Mart, PetSmart and Ross.
Desert Palms is pleased to announce the successful negotiation and sale of Desert Palms located at 3721-3923 East Thomas Road in Phoenix, Arizona. American Assets purchased the center from the Cole Companies. Desert Palms is a 330,976 square foot power center located at the corner of East Thomas Road and 40th Street in Phoenix, Arizona. The center is anchored by WalMart, Staples and PetSmart.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of East Thunderbird Square & East Thunderbird North located at 13802-14418 North Scottsdale Road, Phoenix, Arizona. ACF Property Management and GDA Real Estate Services purchased the center from East Thunderbird Square, LLC, East Thunderbird Square North, LLC, and East Thunderbird Square North Pads, LLC. Both centers totaled 327,493 square feet and tenants include Ashley Furniture and Smart and Final.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Chino Hills Marketplace located at 4200 Chino Hills Parkway in Chino Hills, California. Parton and Edwards purchased the center from KBS Realty Advisors. Chino Hills Marketplace is a 323,803 square foot, community retail center. Anchors include Kmart, Albertson's and Rite Aid.
Palmer Capital Inc is pleased to announce the successful sale of the Nut Tree. Dunhill Partners purchased the property from Westrust. Nut Tree is a 323,404 square foot community/power retail center located in a primary trade area in Northern California along Interstate 80. The Property has been recognized as "California's Legendary Road Stop" since 1921.
Palmer Capital Inc is pleased to announce the successful sale transaction of Westland Town Center. RCG Ventures purchased the property from LNR Partners LLC. Westland Town Center is a 320,000 square foot destination retail center located in Lakewood, Colorado.
Palmer Capital Inc. is pleased to announce the successful sale of Palm Springs Mall to YTC Investments from Capmark. Palm Springs Mall is a 315,119 square foot REO retail center.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Towne Center at Brookhill at 7025 West 88th Avenue in Westminster, Colorado. GDA Real Estate purchased the center from ScanlanKemperBard. Towne Center at Brookhill is a 305,633 square foot retail center anchored by Home Depot, Ross, Bed Bath & Beyond and Burlington Coat Factory.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Foothill Marketplace, located at 12879 Foothill Boulevard in Rancho Cucamonga, California. Pan Pacific Retail Properties of San Diego purchased the property from Wattson Breevast Companies. Foothill Marketplace is a 535,365 square foot (288,392 square feet included in sale) grocery-anchored regional power center located alongside Interstate 15 at Foothill Boulevard in Rancho Cucamonga. The center was nearly 97% occupied at the time of sale and is anchored by Wal-Mart (NAP), Food 4 Less, Sports Chalet, PetSmart, Office Depot and Living Spaces (NAP).
Palmer Capital Inc is pleased to announce the successful sale of Somersville Towne Center. Time Equities purchased the property from Macerich. Somersville Towne Center is a ±285,000 square foot mall located in the San Francisco Bay Area (City of Antioch, Contra Costa County). The Property is anchored by Macy's, 24 Hour Fitness and shadow anchored by Sears and Fallas Paredes. Other national retailers include Starbucks, Forever 21, Victoria's Secret, Zumiez, Claire's, Champs Sports, Journeys, Hot Topic, Zales Jewelers, Bath & Body Works, GNC, Foot Locker and Vans.
Palmer Capital Inc is pleased to announce the successful sale of Mountaingate Plaza in Simi Valley, CA.Investcorp purchased the 281,330 SF grocery anchored center from Praediun Group.
Palmer Capital Inc is pleased to announce the successful sale of Ridge @ Creekside. DDR purchased the property from a joint venture of The Evergreen Company and Britannia Pacific. Ridge @ Creekside is a 275,846 square foot Destination/Power retail center located in Roseville, CA. The center is located directly adjacent to the region's "Fortress" mall, Galleria at Roseville, and is anchored by Bed Bath & Beyond, Macy's Home Furniture, Buy Buy Baby, REI, and Cost Plus World Market.
Palmer Capital Inc is pleased to announce the successful sale of Madison Marketplace. Newmark Merrill Companies purchased the property from TA Realty. Madison Marketplace is a ±255,000 square foot shopping center anchored by Raley's, TJ Maxx, Petco, and Dollar Tree. The Property is located in Fair Oaks, California, a premier submarket within the Sacramento MSA. The Center featured one of the strongest Raley's stores in the chain.
Palmer Capital Inc is pleased to announce the successful sale of Summit Heights Gateway. CIRE Equity purchased the property from USAA. Summit Heights Gateway is a 250,059 square foot retail center located in the Inland Empire. The center is anchored by ALDI, Kohl's, Marshalls, PetSmart and included all the pads.
Palmer Capital Inc is pleased to announce the successful sale of a 248,00SF core retail center, Summit Heights Gateway, to USAA from Invesco Real Estate. The center is anchored by Kohl's, Marshall's, PetsMart and Staples.
Palmer Capital Inc is pleased to announce the successful sale of Prospectors Plaza. A partnership of Gryphon Real Estate Capital and Rich Development purchased the property from Weingarten Realty Investors. Prospectors Plaza is a ±244,000 square foot community shopping center anchored by SaveMart, Ross, and CVS. The buyers plan to complete a significant repositioning and redevelopment of the Property.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Town & Country Village located in Sacramento, California. Donahue Schriber Realty Group purchased the property from Grubb & Ellis Realty Investors (Triple Net Properties). Town & Country Village is a 232,907 square foot grocery and drug anchored neighborhood center located at the intersection of Marconi Avenue and Fulton Avenue in Sacramento. The center was 92% occupied at the time of sale and is anchored by Albertson's, Trader Joes and William Glen.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Meridian Village Shopping Center in Bellingham, Washington. Bromont Development of Phoenix purchased the property from a partnership of Prudential Realty, Coventry Real Estate and Developers Diversified Realty. The Palmer Team represented both the buyer and the seller in this transaction. Meridian Village Shopping Center is a 208,422 square foot power retail center located 90 miles north of Seattle. The center is nearly 97% occupied and includes Home Depot and Rite Aid.
CenterCal Properties and Principal Global Investors/CalSTRS purchased the center from Pacific Capital Investment. 3650 Blackhawk Plaza Circle is a 205,185 square foot upscale neighborhood retail center located in the community of Blackhawk in Danville, California.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Summit Heights Gateway at 14960 Summit Avenue in Fontana, California. Invesco Realty Advisors purchased the center from Lewis Operating Company. Summit Heights is a 197,391 square foot power center anchored by Kohl's, Marshalls, PetSmart, Staples and Dress Barn located in a high-growth submarket of the Inland Empire.
Palmer Capital Inc is pleased to announce the successful sale of Arapahoe Marketplace. Loja Real Estate purchased the property from ACF Property Management and GDA Real Estate. Arapahoe Marketplace is a ±192,000 square foot grocery anchored retail center located in Greenwood Village, CO. The center was anchored by Sprouts Farmers Market, Office Depot, Incredible Wine & Spirits, and The Tile Shop.
Palmer Capital Inc is pleased to announce the successful sale of Highland Reserve Marketplace. Excel Trust purchased the property from Donahue Schriber. Highland Reserve is a 191,416 square foot Retail Center located in Roseville, California.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Kohl's at Bend River Promenade in Bend, Oregon. Inland Diversified Real Estate Trust purchased the property from RP Realty Partners. Kohl's at Bend River Promenade is a 69,000 square foot retail property located in the Pacific Northwest's recreational haven of Bend, Oregon. The freestanding store is part of Bend River Promenade, a 178,000 square foot retail destination with excellent visibility from Highway 97 and largely considered as Bend's most visible shopping center.
Palmer Capital Inc is pleased to announce the successful sale of Center Shopping Center. Keshav Real Estate purchased the property from Bon Aviv Investments. Center Shopping Center is a 174,263 square foot retail center located in Stockton, California. The Costco shadow-anchored property was 100% leased and included three developable pads.
Palmer Capital Inc is pleased to announce the successful sale and financing of Safeway Towne Centre. Wallace Properties purchased the property from PMF Investments. Safeway Towne Centre is a 163,875 square foot grocery anchored retail center located in Kennewick, WA. Safeway recently upgraded the store to a lifestyle format.
Palmer Capital Inc is pleased to announce the successful sale of Rancho Cordova Town Center. A newly formed joint venture between Inland Private Capital and Pacific Castle purchased the property from Prudential Real Estate Investors. Rancho Cordova Town Center is a 148,626 square foot retail destination center located in the Sacramento MSA. The Target anchored center features nationally recognized tenants including Marshalls, Michaels, Ross & ULTA.
Palmer Capital Inc. is pleased to announce the successful transaction of Fairway Commons I. Merlone Geier purchased the property from Wells Fargo. Fairway Commons is a 146,882 square foot power center located in the Sacramento Region. Fairway Commons is a value-oriented destination retail center located along Highway 65 which is directly across from the region's premier regional mall, Westfield's Galleria at Roseville. Fairway Commons provides a diverse tenant mix highlighted by 83% of the leased square footage to nationally recognized tenants.
Palmer Capital Inc is pleased to announce the successful recapitalization of Crossroads Festival Shopping Center. Palmer Capital represented Larsen Baker LLC in the recapitalization. Crossroads Festival Shopping Center is a ±140,000 square foot destination retail center located in Tucson, Arizona. The center is anchored by a Fry's Food & Drug (NAP), Bed Bath & Beyond, and RoadHouse Cinemas, and is ±90% leased to a mix of nationally recognized and local tenants.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Southland Shopping Center. Tron Do Real Estate purchased the property from Brookfield Properties. Southland Shopping Center is a 138,643 square foot grocery anchored shopping center located in Hayward, California. The Property benefits from a densely populated trade area with significant barriers to future development. Anchored by a newly built Seafood City Supermarket and City Sports Club, the Property features an e-commerce resistant, nationally recognized tenant mix.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of McMinnville Plaza located at 2490 North East Highway 99W in McMinnville, Oregon. NBS Real Estate purchased the center from Cypress Equities. McMinnville Plaza is a 135,702 square foot shopping center anchored by Ross, Petco and JCPenney located in McMinnville, Oregon, approximately 30 miles Southwest of Portland along Highway 99W.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Lowe's Home Improvement Warehouse, located at 4151 North Oracle Road in Tucson, Arizona. Nikanjam & Company, a private company located in Chicago, purchased a majority portion of the land beneath the 135,000 square foot Lowe's from Larsen Baker, LLC. Additionally, Palmer Capital attained CTL financing for the buyer with an 88% LTV, fully amortizing loan over the 17.75 year term of the lease at 5.7% interest.
Palmer Capital Inc is pleased to announce the successful sale and financing of Auburn Village. Epic Realty Partners purchased the property from Regency Centers and First Washington Realty. Auburn Village is a 133,950 square foot retail center located in Auburn, CA. The center is anchored by a top performing Bel Air Market.
Palmer Capital Inc is pleased to announce the successful sale of Summerhills Plaza. Citivest purchased the property from Weingarten Realty Investors. Summerhills Plaza is a 133,318 square foot grocery anchored retail center located in Sacramento, CA. The Center is anchored by the leading grocery chain in the market, Raley's, and featured two major tenants expanding and relocating within the center at the time of sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Country Club Gate Center, located at 150 Country Club Gate in Pacific Grove, California. Fowler Property Acquisitions purchased the property from GMS Realty. Country Club Gate Center is a 133,272 square foot dominant grocery/drug anchored center. It has a strategic position as the only traditional grocery/drug-anchored neighborhood shopping center in Pacific Grove.
Palmer Capital Inc is pleased to announce the successful sale of TJ Maxx Plaza. Gerrity Group purchased the property from GDA Real Estate/ACF Property management. TJ Maxx Plaza is a 126,816 square foot community retail center located in Roseville, California, an affluent suburb of Sacramento. The Property featured strong tenant sales and excellent historical occupancy.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of TJ Maxx Plaza, located at 1850 Douglas Boulevard in Roseville, California. GDA Real Estate Services LLC purchased the center from Hill Companies LLC. TJ Maxx Plaza is a 126,816 square foot retail center, anchored by TJ Maxx and is in one of Sacramento's most attractive submarkets.
Palmer Capital Inc is pleased to announce the successful sale of Legends at Sparks Marina. Gerrity Group purchased the property from RED Development. Legends at Sparks Marina is a 124,653 square foot Destination Center located in the Reno/Sparks Market. Anchored by TJ Maxx, Best Buy, Petco, and Old Navy, the Center is adjacent to the nearly one million square-foot Outlets at Sparks Marina which features a 295,000 square foot Scheels, 12-screen IMAX Theatre, and approximately 700,000 square feet of open-air outlet space.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Belle Mill Landing, a 119,888 square foot, grocery-anchored retail center in Red Bluff, California. US Realty Partners Inc. purchased the property from JMW Management. Palmer Capital also arranged the financing for the center, which is located along a popular tourist corridor midway between San Francisco and Ashland, Oregon.
Palmer Capital Inc is pleased to announce the successful sale of Eastmont Town Center. Levy Affiliated purchased the property from ScanlanKemperBard Companies and The Praedium Group. Eastmont Town Center is a 116,457 square foot grocery-anchored retail center located in Oakland, CA.
Palmer Capital Inc is pleased to announce the successful recapitalization of the Broadway Market in Seattle. LaSalle Investment Management recapitalized the grocery anchored urban mixed use asset for Madison Market. Broadway Market is a 109,916 square foot mixed use retail and multifamily asset located in Seattle that is anchored by QFC (Kroger grocery store).
Palmer Capital Inc is pleased to announce the successful sale of Village One Plaza. Phillips Edison-ARC Shopping Center REIT purchased the property from Best Properties. Village One Plaza is a newly constructed 105,658 square foot grocery anchored neighborhood center located in the Village One master planned community of Modesto, CA. The property is anchored by Raley's, one of the region's top grocers and a dominant grocer in the Modesto market.
Palmer Capital Inc is pleased to announce the successful sale of Sierra Oaks Plaza. Vestar Development purchased the property from EJ Plesko & Associates. Sierra Oaks Plaza is a 105,555 square foot grocery-anchored retail property located in the affluent community of Granite Bay and is anchored by a Walmart Neighborhood Market.
Palmer Capital Inc is pleased to announce the successful Sale of Talega Village Center. Equity One & Vestar purchased the property from Rockwood Capital. Talega Village is a ±105,000 square foot grocery anchored shopping center located in South Orange County.
Palmer Capital Inc is pleased to announce the successful sale of Antelope Marketplace. Gerrity Group purchased the property from Donahue Schriber. Antelope Marketplace is a ±104,000 square foot grocery anchored shopping center located in the Antelope submarket of Sacramento, CA. The center was anchored by Bel-Air and 24 Hour Fitness.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Glendale Center in Glendale, Arizona. West Valley Properties purchased the property from ACF Property Management and GDA Real Estate Services. Glendale Center is a 103,612 square foot retail center located in an infill, mature residential area of Glendale, Arizona. The property is anchored by Safeway, one of the dominant grocers in the region, and further occupied by a diverse mix of national tenants.
Palmer Capital Inc is pleased to announce the successful sale of Wheat Ridge Marketplace. Phillips Edison and Company purchased the property from ACF Property Management. Wheat Ridge Marketplace is a 103,438 square foot Safeway-anchored neighborhood retail center located in a densely populated trade area just west of Downtown Denver.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Morada Ranch. Retail Opportunity Investments Corporation purchased the property from The Evergreen Company. Morada Ranch is a 101,893 square foot grocery anchored neighborhood center located in an affluent residential area of Stockton. The Center was anchored by Raley's on a long term lease.
Palmer Capital Inc is pleased to announce the successful sale of Sandy Marketplace. Albanese Cormier purchased the property from Phillips Edison & Co. Sandy Marketplace is a 100,762 square foot grocery anchored retail property located in Sandy, Oregon and anchored by Grocery Outlet and Bi-Mart.
Palmer Capital Inc. is pleased to announce the successful negotiation of a Joint Venture agreement between LCA Valencia and Intertex Properties for the operation of Gateway Promenade, a 98,865 square foot multi-tenant retail center located within the Newhall Ranch community in Valencia, California.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Village West. Loja Real Estate purchased the property from Bentall Kennedy. Village West is a 98,684 square foot neighborhood center located in Littleton, Colorado. The Property benefits from a dominant trade area with some of the strongest demographics in the State of Colorado.
Palmer Capital Inc is pleased to announce the successful sale transaction of Sprouts Marketplace. Town West Realty purchased the property from Arizona Gold Properties. Sprouts Marketplace is a 98,068 square foot grocery anchored retail property located in the North Phoenix submarket. The property was 97% and also included Walgreens and Brookman as anchor tenants.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Roseville Center. CIRE Equity purchased the property from Donahue Schriber. Roseville Center is a 96,819 square foot Target and Raley's grocery shadow anchored retail center and is one of Roseville's best located and positioned retail assets consisting of almost entirely of nationally recognized retailers.
Palmer Capital Inc. is pleased to announce the successful sale of Rillito Crossing Marketplace in Tucson, AZ. Epic Real Estate and Centerbridge Partners purchased the property from Krausz Companies. Rillito Crossing Marketplace is a Sprouts and LA Fitness anchored retail center that was 92% leased and has the ability for additional square footage.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Raley's Plaza. Sterling Organization purchased the property from Gerrity Group. Raley's Plaza is a 95,443 square foot grocery anchored retail center located in the Fairfield retail submarket. The center is anchored by Raley's, being one of the top grocers in the Northern California market and home to multiple national credit tenants that include JP Morgan Chase Bank, Starbucks and Panda Express.
Palmer Capital Inc is pleased to announce the successful sale of Rocky Ridge Town Center. Phillips Edison & Company purchased the property from Fulcrum. Rocky Ridge Town Center is a 93,455 square foot, trophy grocery anchored center located along Douglas Boulevard in Roseville, Sacramento's most desirable submarket. Anchored by Sprout's Farmers Market and BevMo, Rocky Ridge was named ICSC's "Shopping Center of the Year" upon its completion in 1995.
Palmer Capital Inc. is pleased to announce the successful sale of Craig Promenade for CW Capital to Thompson National.Craig Promenade is a 91,750 square foot retail center anchored by Big Lots located in North Las Vegas, Nevada with two pad sites for future development. Craig Promenade was an REO property at the time of sale.
Palmer Capital Inc is pleased to announce the successful sale of the leasehold interest in Discovery Plaza. US Realty Partners purchased the property from Weingarten Realty Investors. Discovery Plaza is a ±90,000 square foot grocery-anchored neighborhood center located in the South Natomas submarket, just North of Downtown Sacramento. Discovery Plaza is anchored by Bel Air (Raley's) and is on a long-term ground lease.
Palmer Capital Inc is pleased to announce the successful closing of Stanford Ranch Village in Rocklin, CA. Stockbridge Capital purchased the property from Regency Centers and First Washington. Stanford Ranch Village is an 89,875 square foot high performing grocery anchored retail center. The trade area boasts household incomes of nearly $100,000 and 80% of the tenants have occupied their space since the 1990's.
Palmer Capital Inc is pleased to announce the successful Sale of Laguna 99. Phillips Edison & Co purchased the property from Citadel Equities. Laguna 99 is a 89,188 square foot Retail Center located in Elk Grove, California.
Palmer Capital Inc is pleased to announce the successful sale of AMC Palm Promenade. A joint venture of Citivest Commercial and Hutensky Capital Partners purchased the property from EPR Properties. AMC Palm Promenade is a 88,610 square foot, 24 screen Movie Theater located within the Palm Promenade shopping center in a dense, infill area of San Diego. The Property has an additional development component which allows for up to ±65,000 square feet of junior anchors and pads. Palm Promenade is also anchored by WalMart, Home Depot, and Vons, which were not a part of the sale.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Highlands Ranch University Park in Highlands Ranch, Colorado. Cornerstone Realty Advisers purchased the property from a joint venture of Weingarten Realty Investors and AEW Capital Management. Highlands Ranch University Park is a 88,420 square foot institutional-quality asset anchored by Whole Foods and features nationally recognized tenants such as Qdoba Mexican Grill, AT&T Wireless, Pei Wei Asian Diner, and Boston Market.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Orinda Theatre Square in Orinda, California. GLL Real Estate Partners purchased the property from ScanlanKemperBard Companies LLC. Orinda Theatre Square is a 87,321 square foot mixed-use property that includes office, retail, and a parking structure. The landmark building is located in the upscale Bay Area community of Orinda and recently underwent $4.2 million in renovations.
Palmer Capital Inc is pleased to announce the successful sale of Hacienda Center in Sunnyvale, California. Pacific Coast Capital Partners purchased the property from Tarpin/Moore Company. Hacienda Center is a +/-87,000 square foot retail located in Sunnyvale, California.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Lincoln Village at Twelve Bridges in Lincoln, CA. Santis Investments purchased the property from LNR Partners. Lincoln Village at Twelve Bridges is a 86,489 square foot retail and medical office multi-use property. The property features high quality, new construction with class a finishes catering to a high demographic and a rapidly growing region, projecting 40% growth projections over the next 5 years. The property was 62% leased and the time of sale providing significant upside potential with lease up of the remaining space.
Palmer Capital Inc is pleased to announce the successful sale of The Corner. Inland Real Estate purchased the property from a Bourn Companies partnership. The Corner is a 80,155 square foot retail property located in Tucson, Arizona. The Corner presented the opportunity to acquire a premier, destination retail property in Tucson's principal retail location. The Corner is located across the street from the Tucson Mall.
Palmer Capital Inc is pleased to announce the successful disposition of Sylvan Square. Graceada Partners purchased the property from Stone Brothers Management. Sylvan Square is a 79,675 square foot retail center located in Modesto, California. Stanislaus County leases close to 50% of the center for a regional veterans center and recreational facility.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Alamosa Plaza in Las Vegas. Pan Pacific Retail Properties purchased the center from Grubb & Ellis Realty (Triple Net Properties). Located at 2833-2949 East Desert Inn Road in Las Vegas, Nevada, Alamosa Plaza is a 77,650 square foot retail center, anchored by Albertson's.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of Arcade Square. Ethan Conrad Properties purchased the property from Weingarten Realty. Arcade Square is a 76,497 square foot shopping center anchored by Grocery Outlet located in Sacramento, California.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Del Mar Plaza located at 1555 Camino Del Mar in Del Mar, California. DRA Advisors purchased the center from ING Clarion Partners. Del Mar Plaza is a 74,770 square foot lifestyle center located between two major exits from Interstate 5, Via De La Valle to the north and Del Mar Heights Road to the south and is also in close proximity to the Del Mar Racetrack and Fairground.
Palmer Capital Inc is pleased to announce the successful sale of Westgate North, which is a 62,577 square foot retail center located in Tacoma, WA. Donahue Schriber purchased the property from Crow Holdings. The center is shadow anchored by Safeway and Ace Hardware.
Palmer Capital Inc is pleased to announce the successful sale of Harmony Marketplace. Palmer Properties purchased the property from ACF Property Management. Harmony Marketplace is a ±59,000 square foot neighborhood shopping center shadow anchored by Safeway. The Property is located in the primary retail node of Fort Collins.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of Plaza Rancho del Oro, located at 4120 Oceanside Boulevard in Oceanside, California. Oceanside is located approximately 30 miles north of San Diego. A&C Properties of Phoenix purchased the property from Southern California-based Westrust. Plaza Rancho del Oro is A&C's first acquisition in Southern California. Plaza Rancho del Oro is a 58,668 square foot grocery-anchored shopping center situated in a dense in-fill location. The center was nearly 99% occupied at the time of sale and is anchored by Albertson's and Long's Drug (NAP).
Palmer Capital Inc is pleased to announce the successful sale of Village at Double Diamond. City Sunstone Properties purchased the shopping center from Situs Holdings. Village at Double Diamond is a ±58,000 square foot Smith's Food & Drug shadow anchored retail center located in Reno, Nevada.
Palmer Capital Inc is pleased to announce the successful transaction of Natomas Village. Westwood Financial purchased the property from LNR Partners, LLC. Natomas Village is a ±50,000 square foot community retail center located at the heavily traveled intersection of Truxel Road and Gateway Park Drive in Natomas.
Palmer Capital Inc is pleased to announce the successful negotiation and sale of the Pointe at Bridgeport, a 48,488 square foot, best-in-class community retail center in Portland, Oregon. Crow Holdings purchased the property from Bridge Real Estate. Palmer Capital also arranged the financing for the center, which is immediately adjacent to Bridgeport Village, the region's preeminent lifestyle center.
Palmer Capital Inc. is pleased to announce the successful negotiation and sale of the Desert Glen Shopping Center in Glendale, Arizona. ACF Property Management and GDA Real Estate Services purchased the center from A & C Properties. Desert Glen Shopping Center is a newly constructed retail center anchored by Henry's Farmers Market (a division of Wild Oats Foods) and shadow-anchored by both Kohl's and Big 5 Sporting Goods.
Palmer Capital Inc is pleased to announce the successful Sale of 24 Hour Fitness-Beaverton. American Realty Capital Properties purchased the property from Thompson National Properties. 24 Hour Fitness-Beaverton is a 45,172 square foot free-standing Fitness Center located in Beaverton, Oregon.
Palmer Capital Inc is pleased to announce the successful sale of the In-Shape Fitness Center in Modesto, CA. Spirit Realty Capital purchased the property from In-Shape Health Clubs. In-Shape Fitness Center-Modesto is a 43,000 square foot free-standing Fitness Center located in Modesto, CA.
Palmer Capital Inc is pleased to announce the successful sale of Eureka Ridge Plaza. Ethan Conrad Properties purchased the property from LNR Partners, LLC. Eureka Ridge Plaza is a ±40,000 square foot high visible, e-commerce resistant retail center located in Roseville, California. The center is strategically positioned in a high demographics area, at one of the most recognizable intersections in the market.
Palmer Capital Inc. is pleased to announce the successful sale of Pleasant Grove Pointe. Crow Holdings Capital purchased the 39,000 square foot retail center located in Roseville, CA from Alleghany Properties. The highly trafficked shopping center features six restaurants and was 100% occupied at the time of sale.
Palmer Capital Inc is pleased to announce the successful sale of 1000 Kay. BRAD Management purchased the property from David Taylor Interests and CIM. 1000 Kay is a 31,901 square foot urban retail asset located in Downtown Sacramento. The multi-story retail property is located only a few blocks from the new Sacramento Kings arena.
Palmer Capital Inc is pleased to announce the successful sale of Petaluma Gateway shopping center. A private investor purchased the property from Keenan Land. Petaluma Gateway is a 30,137 square foot retail center located in Petaluma, CA. The center is shadow anchored by a Lucky grocery store and is located just off of Highway 101.
Palmer Capital Inc is pleased to announce the successful sale of Woodcreek Village. A private investor purchased the property from ACF Property Management. Woodcreek Village is a ±29,000 square foot neighborhood shopping center shadow anchored by Raley's and located in a growing, affluent demographic area.
