Transactions: Who’s paying how much for what
• The Nakash family and Gindi Capital, of New York City, paid Spectrum Group Management $59.5 million for the Smith & Wollensky building, on Las Vegas Boulevard, in Las Vegas. Besides the Smith & Wollensky steak-restaurant chain, which plans to move out, the building contains other ground-floor retail tenants.
• Retail Opportunity Investment Corp. paid $47.4 million for Highland Hill Shopping Center, a 163,926-square-foot property in Tacoma, Wash., anchored by a Safeway store and whose tenants include LA Fitness and Dollar Tree.
• Pebb Enterprises paid $29 million for Germantown Village Square, a 199,630-square-foot, mixed-use power center in Memphis, Tenn., occupied on the ground floor by DSW, Petco, T.J.Maxx and other retailers, and on the second level mainly by medical offices.
• Passco Cos. paid a private investor nearly $17 million for Temescal Village, a 103,000-square-foot center in Corona, Calif., that is almost 95 percent leased with 19 tenants, including Citibank, CVS, H&R Block, the UPS Store and Wells Fargo.
• The Sterling Organization paid $11 million for a vacant 75,900-square-foot retail building in Garden Grove, Calif., formerly occupied by a Vons supermarket.
• Yale Realty Services Corp. paid Lauth Group $7.1 million for Sycamore Terrace, a 47,660-square-foot center in Terre Haute, Ind. Tenants include Athletico Physical Therapy, Dollar Tree, GameStop, Maurices and Pet Supplies Plus.
• A 1031 exchange buyer paid $4.8 million for a 9,640-square-foot, net-leased property in Chino Hills, Calif., occupied by a KinderCare learning center.
• Namdar Realty Group paid $1.2 million for Matteson (Ill.) Town Center, a 181,200-square-foot center anchored by OfficeMax and Chuck E. Cheese’s.
Original Article Published by International Council of Shopping Centers