$8 million — Denver-based Baceline Investments LLC, bought the 51,220-square foot, Dollar Tree-anchored Commons at Hazel Crest, in suburban Chicago, for $4 million; and the 63,677-square-foot, CVS-anchored Roebuck Plaza, in Birmingham, Ala., for $4.4 million. Sellers were not disclosed.

$11.97 million — An unidentified California-based investor paid GRE Woodinville LLC. $11.97 million for Gold’s Gym Center, a 60,000-square-foot building in Woodinville, Wash., that also contains two other tenants.

$23.6 million — Gerrity Group, Solana Beach, Calif., paid Tourmaline Capital, Stamford, Conn., $23.6 million for Fallbrook Mercantile Center, a 70,410-square-foot, grocery-anchored neighborhood shopping center in Fallbrook, Calif., near San Diego.

$26 million — A 1031-exchange investor paid Gatlin Development, of Ft. Lauderdale, Fla., about $26 million for a 20-year, absolute-net ground lease under a 189,543-square-foot Walmart Supercenter in Ft. Lauderdale.

$33.5 million — CBL & Associates Properties sold 75 percent interest in River Ridge in Lynchburg, Va., to Liberty University, for $33.5 million. CBL retains a 25 percent ownership position in the asset and is responsible for leasing and management, earning customary fees. CBL plans to redevelop the center’s empty former Sears anchor. “The university is pleased to help implement CBL’s exciting vision for the mall and to assist in bringing new and improved services to the region,” said Liberty University President, Jerry Falwell, in a press release.

$39.25 million — CDI Companies  sold Napa Square, a 65,848-square-foot, mixed-use center in downtown Napa, Calif., to JOSS Realty Partners, for $39.25 million. Napa Square includes 24,848 square feet of ground floor retail, and two restaurants.

$41 million — Atlas Capital Group  bought the 70,000-square-foot Village at Westlake, in Thousand Oaks, Calif., from Owensmouth LLC, for $41 million. Tenants include Joi Café, Baskin-Robbins, and Regency Salon Studios.

Originally Published

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