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Continental Retail Development sold $140 million in assets to Inland Real Estate Inc. The assets sold in the transaction included the 180,000-square-foot Clifty Crossing power center in Columbus, Ind., the 209,000-square-foot Market at Polaris and the 116,000-square-foot Giant Eagle Plaza, both in Columbus, Ohio, and the 84,000-square-foot Houston Rave Theater.

Glimcher Realty Trust completed the transfer of its ownership interest in the 927,000-square-foot Tulsa (Okla.) Promenade to its joint venture with Oxford Properties Group for total consideration of $58.3 million. Additionally, it placed $35 million of mortgage debt on the property. Glimcher owns a 52 percent interest in the joint venture and Oxford owns the remaining 48 percent. In a separate deal, Glimcher sold Ayden (N.C.) Plaza for $1 million to private investors.

Avalon Financial Group Inc. placed $51 million in financing for the 328,335-square-foot Huntington Oaks Shopping Center in Monrovia, Calif. Avalon President Jeff Randolph negotiated the 10-year interest only refinancing with Wachovia Securities on behalf of the Huntington Oaks Delaware Partners LLC.

Sovereign Investment Company closed a $39.6 million acquisition of 23 Wendy's locations in Georgia and Florida. Sovereign purchased the portfolio from BBB Service Company Inc., which will lease the properties back for a 20-year term.

GVA Williams of Connecticut arranged the $45 million sale of the 138,000-square-foot Ballantyne Commons in Charlotte, N.C. Fiebro Management sold the property to a joint venture between AmCap and Hart Advisors. The property is anchored by a Harris Teeter Supermarket and also contains a free-standing Eckerd Pharmacy.

Faris Lee Investments and Pacific Century Investments arranged the $39 million sale of the 46,933-square-foot Shops at Aliso Viejo (Calif.) Town Center from Lazares Companies to YJC Investment Group. The deal works out to be $830 per square foot and a 5 percent cap rate, both of which Faris Lee says are records for multi-tenant properties in California. Tenants at the property include Wahoo's Fish Taco, Opah Restaurant & Bar, Daphnes's Greek Café, Fatburger, Golden Spoon, Al & Ed's Autosound as well as others. It is a portion of the 700,000-square-foot Park Plaza at Aliso Viejo Town Center.

Holliday Fenoglio Fowler arranged the $41.6 million sale of the 171,837-square-foot Shoppes at Paradise Isle power center in Destin Fla. Interface Properties sold the property to a joint venture between Weingarten Realty and AEW Capital. The property is 92 percent occupied with tenants including Best Buy, Linens-n-Things, Office Depot, PetsMart, Thomasville and Michaels.

Feldman Mall Properties completed the $40 million acquisition of the 765,000-square-foot Golden Triangle Mall in the Northeastern Dallas suburb of Denton, Texas. The deal is worth $135 per square foot. The mall is 92 percent occupied with anchors of Foley's, Dillard's, Sears, JCPenney, DSW and Dillard's Men.

Feldman also acquired a 144,000-square-foot building occupied by JCPenney and 10.1 acres of land at its Stratford Square Mall in suburban Chicago for $6.7 million, including the assumption of $3.5 million in mortgage debt. JCPenney pays $4.39 per square foot per year in rent and has two 10-year renewal options.

Entertainment Properties Trust completed the purchase of two megaplex theater properties for $35 million. The properties include the AMC Firewheel 18 in Garland, Texas, developed by Simon Property Group, and the AMC Columbia 14 in Columbia, Md., developed by General Growth Properties. The company also purchased the Crotched Mountain ski facility in Bennington, N.H. for $8 million.

Holliday Fenoglio Fowler L.P. arranged a $15.5 million financing for an 80,000-square-foot Dick's Sporting Goods in Rockaway, N.J. on behalf of The Hampshire Cos. The long-term, fixed-rate loan was placed with State Farm Life Insurance Co.

Stirling Properties and Sizeler Property Investors, Inc. agreed to sell the 431,000-square-foot Hammond Square Mall to Palace Properties, LLC for $14 million.

Alessio Partners, formerly CP Investments, sold a portion of Palmdale Village Plaza in Palmdale, Calif., to National Realty Group Inc. for $7 million. The center is anchored by Food 4 Less and Rite Aid Drugs and is currently 100 percent leased to a variety of tenants including H&R Block, Sally Beauty and Subway. Ed Hanley of Hanley Brown Group real Estate Advisors represented Alessio Partners in the transaction. National Realty Group represented itself.

Tanger Factory Outlet Centers, Inc. sold a 134,480-square-foot outlet center in North Branch, Minn., for $14.7 million. Tanger developed and built the property in 1992. It is 100 percent occupied and generates $229 per square foot in sales.

Westrust, acquired of a former power plant on a 55.4-acre site in San Jose, Calif., that it will develop in a joint venture with Pacific Coast Capital Partners and Vornado Realty Trust into a $137 million, 646,000-square-foot regional power center. Five of the 11 anchors are Target, Home Depot, Best Buy, Staples and PetSmart.

American Realty Advisors acquired the 127,825-square-foot Creekside Plaza Shopping Center in Poway, Calif. The property is anchored by Stater Bros. Markets and is 96 percent leased.

Retail brokerage firm The Goldstein Group has formed two new divisions: Goldstein Development Company and Goldstein Equities. Goldstein Development Company will develop retail and residential properties. It is currently completing a property in Lodi, N.J. Goldstein Equities will manage all facets of commercial and mixed-use investment projects.

Transcan Development, LLC awarded the marketing and leasing contract for the 1.5 millions-square-foot County Crossings development in Antioch, Calif. to CB Richard Ellis. The 250-acre project will also include a residential village and a proposed light rail BART Station. Craig Burress, Chris Campbell, Sue Fowler and Andrew Mustin in CBRE's Sacramento office will handle the leasing and marketing.

Canyon Johnson Urban Funds, Mesirow Financial Real Estate, Inc., Near North Properties, Inc., and Northern Realty Group, Ltd. sold the Shops at State Place in Chicago for an undisclosed price to BlackRock Realty. The property includes 61,796 square feet of retail space, 243 condominium units and a 156-car garage.

Calkain Companies arranged the sale of the 600,000-square-foot retail portfolio owned by an affiliate of GE Real Estate. The 11 stores in the deal are occupied by Havertys Furniture Companies under a master lease. One Liberty Properties bought the portfolio, which includes stores in Kansas, Georgia, Texas, Virginia and South Carolina. The purchase price was not disclosed.

Cole Operating Partnership II, LP, the operating partnership of Cole Credit Property Trust II, Inc., acquired 100 percent of the membership interests in Cole WW II, LLC. Cole WW II owns a portfolio of three freestanding convenience stores leased to Wawa consisting of a combined 14,400 square feet. The purchase price was not disclosed.

Pacific Coast Capital Partners, LLC formed a joint venture with Alberta Development Partners, LLC to acquire a 158-acre site in Aurora, Colo., on which the companies will develop a $150 million, 750,000-square-foot center to be known as Cornerstar. Development is expected to begin in 2006 with completion slated for 2008.

Casto sold the 532,123-square-foot Quincy Mall in Quincy, Ill., to Cullinan Properties, Ltd., for an undisclosed price. The property's tenants include JCPenney, Sears, Bergner's, The Buckle, Bath & Body Works, Victoria's Secret and Kirlin's Hallmark.

Regency Centers acquired the 185,000-square-foot Apple Valley Square in Minneapolis. Tenants include a Rainbow Foods anchor in addition to JoAnn Fabrics, Petco, Burlington Coat Factory, Hollywood Video and Party America.

Goldman Sachs Commercial Mortgage Capital L.P. completed a $93 million first mortgage on The Strip, a 788,511-square-foot power center in Canton, Ohio on behalf of entities affiliated with Stark Enterprises. Tenants at the property include a 149,429-square-foot Wal-Mart and a 130,497-square-foot Lowes.

RiverRock Real Estate Group, a full service property management and leasing firm, formed a new division, RiverRock Retail Group, specifically created to meet the leasing needs of retail property owners. The group will be headed by managing director Sally Vogel, who has experience with top operating and national development firms, including Pan Pacific Retail Properties, JH Snyder Company, Trizec Hahn Development Corporation, Alexander Haagen Properties, Inc and the Mills Corp.

Hanley Brown Group Real Estate Advisors represented the buyer and seller in the $25.1 million sale of the 62,800-square-foot Bristol Place community shopping center near South Coast Plaza in Los Angeles. Cadence Capital acquired the property from The Simay Co. Tenants include: Beneficial, Blockbuster Video, H&R Block, Household Finance, Lenscrafters, Payless ShoeSource, Rent A Center and Supercuts. The property, which was built in 1986, is 100 percent occupied.

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