Retail

Cleeman Realty Group announced that it has closed the $15,900,000 million sale of Crossroads Centre, a 255,000–square-foot, TJ Maxx-anchored property located in Fairview Heights, Illinois. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented the seller in the transaction. “The buyer was attracted to the strong tenant line-up which includes Ruler Foods, Big Lots, and a high-performing TJ Maxx” [...]

Cleeman Realty Group is pleased to announce the $2,289,500 sale of a McDonald’s situated on an outpad in front of a Tops Supermarket anchored center in Tonawanda, NY. The net lease property is located on Young Street and consists of 4,500 SF on 1.25 acres. The McDonald’s has been at the location since the early 1990’s and the store has [...]

Cleeman Realty Group is pleased to have arranged the sale of Audubon Plaza in Owensboro, Kentucky.  The 62,924 SF center was 89% occupied at closing.  The property is anchored by national retailers Ollie’s Bargain Outlet and Rent-A-Center.  The sale also included two outpads in front of the center.   The property located along W. Parrish Avenue benefits from high car volume [...]

Cleeman Realty Group is pleased to announce the $30,950,000 portfolio sale of nine (9) Family Fare Supermarket anchored shopping centers in Nebraska and Iowa. The properties were collectively 97% occupied at the time of sale and included over 600,000 SF of GLA leased to several national, regional and local tenants including Dollar Tree, AutoZone, Salvation Army, Jimmy Johns and Ace [...]

Cleeman Realty Group is pleased to announce the off-market sale of a free-standing Family Fare grocery store in Harrison, Michigan. The grocery store is located on North Clare Avenue, which sees combined average traffic counts in excess of 8,000 cars per day. The property is located on approximately 15 acres and consists of 39,804 SF that is net leased to [...]

Cleeman Realty Group announced that it has closed the $7.0 million sale of Northcrest Shopping Center, a 55,152--square-foot, Publix-anchored property located in Crestview, Florida within Okaloosa County in the Florida Panhandle. Michael Cleeman of Cleeman Realty Group represented the seller in the transaction.  This is Cleeman’s seventh grocery anchored property in Florida that he has transacted on this year. Built [...]

Cleeman Realty Group is pleased to have arranged the off-market sale of East End Shopping Center, a grocery anchored retail center in Little Rock, AR.  The 46,150 SF center is 100% occupied and anchored by a strong performing Kroger supermarket. Kroger has been at this location since 1959 and constitutes over 73% of the gross leasable area at the shopping [...]

Cleeman Realty Group is pleased to announce the $12,800,000 off-market sale of Mariner Crossing Shopping Center, a Winn Dixie anchored retail center located in Spring Hill, Florida. The property sits on approximately 12 acres and consists of 97,812 SF. The property includes a strong lineup of local, regional, and national tenants and was 92% occupied at the time of sale. [...]

Cleeman Realty Group is pleased to announce the $15,950,000 sale of Cortland Grand Union Plaza in Cortland, New York. The 133,846 SF shopping center is anchored by a high-performing Grand Union grocery store and sits on a 21.60 AC lot. The grocery store had been a Tops Supermarket from 1999 until recently when C&S Wholesale Grocers acquired the site as [...]

Cleeman Realty Group is pleased to announce the sale of a Brookshire’s grocery store in Sweetwater, Texas. The 39,692 SF grocery store is located at 501 E. Broadway Avenue and sits on a 2.07 AC lot. The Brookshire’s is undergoing a $5 million dollar store renovation and continues to be the top supermarket choice in the city. Michael Cleeman and [...]