California-based investors have acquired Towne Park Plaza in Albuquerque, N.M., from Towne Park Plaza LP for $20 million. The center is anchored by PetSmart and Sam's Club.
Stonemar Properties and Hampshire Real Estate Cos. have acquired Milford Plaza in Connecticut from Heyman Properties for $30 million. The center is 88% vacant.
Safeway has launched a development arm that plans to build grocery-anchored shopping centers. The company has considered 36 projects and is working actively on several of them.
The Inland Group has acquired Siegen Plaza in Baton Rouge, La., from Weingarten Realty Investors for $30 million. The 156,000-square-foot center is shadow-anchored by SuperTarget.
The investor 277 Walker Road LLC has acquired a 22,000-square-foot property in Prescott, Ariz., from PRICPETS Prescott Trust for $4.7 million. PetSmart is the single tenant.
Swiss investor AFIAA has acquired Elston Logan Plaza in Chicago from a partnership between Joseph Freed & Associates and Wynn & Associates for an undisclosed price. The 160,000-square-foot center was renovated in 2007.