American Realty Advisors and Tucker Development acquired the 102,266-square-foot South Loop Marketplace in Chicago from VEF Advisors. The center is anchored by Dominick's Finer Foods, GameStop, GNC and Subway. Mid-American Investment Sales Group represented the seller.
Equity One Inc. sold the Waterlick Plaza in Lynchburg, Va., and the Park Northern Shopping Center in Phoenix, Ariz., for $17.2 million. The 98,694-square-foot Waterlick is anchored by Kroger supermarket and is 96 percent leased; while Safeway anchors the 126,852-square-foot Park Northern.
PO'B Montgomery & Co. will develop the 85,000-square-foot Pinnacle Park Shopping Center in Dallas. The center will include a Best Buy, Ross Stores and Dollar Tree.
Principal Life Insurance, in conjunction with Madison Marquette Retail Services, purchased the 143,409-square-foot Shops at Gainey Village in Scottsdale, Ariz., from Gainey Village Center 03, LLC for $73 million. Grubb & Ellis/BRE Commercial facilitated the transaction.
Route 23 Associates LLC, an affiliate of Feinberg Development Corp., bought the Southside Mall in Oneonta, N.Y., for $13 million from Glimcher Realty Trust. Glimcher will use the proceeds to pay down debt.
Augusta, Ga.-based Hull Storey Retail Group acquired the 360,500-squafoot Twin Rivers Mall in New Bern, N.C., Anchored by Belk and JCPenney, the company plans to redevelop the property.
Regency Centers has sold the 133,440-square-foot Mariner's Village in Orlando, Fla., to an affiliate of Madison Marquette Realty Services of Washington, D.C. Winn-Dixie, LA Fitness and Walgreen's anchor the center. Blackrock Retail Property Advisors served as agent for Regency.
Casto entered the North Carolina market with its purchase of two components of University Place in Charlotte from Ronus Properties. The components include the Village at University Place and the Shoppes at University Place, which total 469,056 square feet.
Howard & Mills Inc. purchased the 227,100-square-foot Plaza Vista Mall in Sierra Vista, Ariz., for $23.6 million from Plaza Vista Mall Group, LLC. The mall is anchored by Wal-Mart and also includes Marshalls and Ross Dress for Less.
REZA Investment Group represented the seller, while SW Realty Partners represented the buyer.
CBL & Associates Properties, Inc. announced that its 438,000-square-foot Southaven Towne Center in Southaven, Miss., was 100 percent leased three months before it opens. Scheduled to open in October, the center will be anchored by Dillard's and JCPenney.