Deals

Atlanta –- Commercial real estate services firm Avison Young has completed the $7.06 million sale of Lindbergh Crossing, a 27,057-sq.-ft., fully-leased shopping center in Atlanta. The team enabled the seller, Lindbergh Crossing, LLC, to harvest a significant gain on the property within a relatively short holding period.  

Philadelphia -- Century 21 Department Store is opening an approximately 95,000-sq.-ft. anchor store at The Gallery shopping center in Philadelphia on Tuesday, Oct. 28. This will be New York-based Century 21’s first location outside the New York market.   

Tampa, Fla. -- Northbrook, Illinois-based Pine Tree Commercial Realty, LLC announced that it has acquired South Pasadena Shopping Center, a grocery-anchored community shopping center located in South Pasadena (Tampa), Florida, for $21.1 million.    The recent acquisition is Pine Tree’s 73rd and brings the company’s current portfolio to 3.5 million sq. ft. in 15 states.  

New York -- Real estate firm RKF announced that it has arranged a 5,900-sq.-ft. lease for Boardriders in Manhattan’s Meatpacking District. Located on the south block between Ninth Avenue and Washington Street at 408 West 14th Street, this will become the Quiksilver concept store’s first Manhattan location.  

Burlington, Mass. -- KeyPoint Partners has completed the sale of West Plymouth Square in Plymouth, Mass., at a sale price of $7 million.  

Fraser, Mich. -- Mid-America Real Estate Corporation’s Investment Sales team recently brokered the sale of Fraser Shopping Center in Fraser, Mich. The 68,326-sq.-ft. center was purchased by a private investor represented by Sterling Heights, Michigan-based Showcase One Real Estate Group.  

Scottsdale, Ariz. -- GE Capital’s Franchise Finance business announced its first financing for the Corner Bakery Café brand. It  comes in the form of a $5.6 million loan to Texas-based MX Restaurants and Bakeries, which already operates seven Corner Bakery restaurants in the Houston and South Texas markets. MX will use these funds to pay off short-term debt related to a recent acquisition and to develop four additional units.  

Dallas -- Cypress Equities companies announced that its affiliated Cypress Acquisition Partners Retail Fund has closed on the acquisition of The Corner Shopping Center in Dallas. The project is a community shopping center, located on the northeast corner of Walnut Hill and the US-75 Central Expressway.