Grubb & Ellis is marketing 1031 replacement properties in Las Vegas, NV. A 234,281 sq.ft. power center with multiple anchors is listed for $40 million with a 9% Cap rate. The company also is listing a 98,344 sq.ft. grocery shadow anchor for $15 million with a Cap rate of 10.56%.

For more information, contact Jeff Pori or David Stubbs, Grubb & Ellis, 3800 Howard Hughes Parkway, Suite 1220, Las Vegas, NV 89109; 702-733-7500; Web site: www.grubb-ellis.com.

Weingarten Realty Investors acquired Northridge Shopping Center in Fort Lauderdale, FL from Built-to-Last Partnership. The 234,500 sq.ft. center is located on 21.59 acres at the intersection of East Commercial Boulevard and Dixie Highway. Publix, Bally’s Total Fitness and Ross ‘Dress for Less’ anchor the center. Area demographics include a population of 120,000 residing within a three-mile radius. The company owns nine shopping centers in FL.

For more information, contact Weingarten Realty Investors, 2600 Citadel Plaza Drive, Suite 300, Houston, TX 77292; 713-866-6000; Web site: www.weingarten.com.

The Woodmont Co. completed the sale of an 11-acre plot zoned for retail use at the intersection of State Highway 144 and South Meadows Drive in Granbury, TX. The company represented the seller, Valu+, and the buyer, J.M. Decker Ranch, which plans to develop the site for future retail use, such as a restaurant pad site and possible hotel.

Property Pro is marketing an Outback Steakhouse pad site in Inverness, FL. The site can accommodate a 10,000 sq.ft. building. Outback Steakhouse is located on the front portion of the 4.5-acre site. Area demographics include a population of 22,168 residing within a five-mile radius earning an average household income of $26,701.

NAI/Pyramid Brokerage Co. is looking to acquire strip centers throughout NY. The company prefers well-located, distressed and semidistressed properties with the potential of upside through management, aggressive leasing and rehabilitation. A minimum GLA of 50,000 sq.ft. will be considered.

Mid-Atlantic Realty Trust is seeking existing centers and development sites in the mid-Atlantic area. The company develops from the ground up, fixes broken centers and buys properties with stable income flows. The company can pay cash, assume financing or use partnership units.

Koman Properties, Inc. is marketing the first and second phases of State Street Shopping Center in east St. Louis, IL. The 100% leased, 48,256 sq.ft. center is located on a seven-acre parcel at the intersection of 25th Street and State Street. The center has a NOI of $558,376. The asking price for the first phase, which is tenanted by a Walgreens, is $2,586,206 at an 8.7% Cap rate. The asking price for the second phase, which includes a Save-A-Lot as an anchor, is $3,252,448 at a 10.25% Cap rate. The total asking price for the center is $5,838,655.

Craig Michael’s International is marketing a small strip center in Hempstead, NY. The 100% leased center has 10 tenants. The seller wants an all cash deal or seller financed one-year note.

MJB Real Estate Services Corp. sold a 15,000 sq.ft. strip center located on Barnum Avenue in Stratford, CT for $850,000. The 100% leased center is tenanted by Nextel Communication, Hollywood Tans and Subway. The company also is the property manager for the center.

Colliers International is marketing Freedom Center, a 10,150 sq.ft. center located on a 1.09-acre lot on Freedom Drive in Bryan/College Station, TX. The 100% leased center is occupied by seven tenants. The property is located near the intersection of Briarcrest and Freedom Drive. Tenants include Radio Shack, Quizno’s and GNC. Wal*Mart Supercenter is located directly across the street and Lowe’s Home Improvement is to the east of this site. The NOI is $158,171. The asking price is $1.725 million. The seller believes that this is an excellent 1031 Exchange property.

ELG Commercial is seeking properties in the mid-Atlantic region from 100,000 sq.ft. to 12 acres. The company prefers grocery-anchored properties priced at $10 million or more with a Cap rate of 9% to 10%, but will consider existing or zoned land.

Insignia/ESG is marketing three Winn-Dixie-anchored neighborhood/community shopping centers in the metro area of Jackson, MS for $13.195 million. The properties are available as a portfolio or individually.

Insignia Thalhimer brokered the sale of a former Shoney’s restaurant at 7009 West Broad Street in Henrico County, VA for Shoney’s of Richmond, Inc. FDA Properties, Inc. acquired the site for $1 million and plans to open a Famous Dave’s Ribs restaurant.

Donahue Schriber acquired Cathedral City Marketplace in Cathedral City, CA and Mission Oaks Plaza in Camarillo, CA. Westrust sold Cathedral City Marketplace, a 197,306 sq.ft. community center, for $19.3 million to Donahue Schriber. Both the buyer and seller were represented by Marcus & Millichap. Cathedral City Marketplace is 100% leased and anchored by Food 4 Less, Factory 2-U, 24 Hour Fitness and Cinemark Movies 10. Pardee Construction sold Mission Oaks Plaza, a 93,545 sq.ft. community center, for $3.7 million. The 100% leased center is anchored by Vons and Sav-On.

The Skinner & Broadbent Co. is marketing Lafayette Village Strip Center, a 40,000 sq.ft. project located on 4.23 acres at Century Plaza Road in Indianapolis, IN. The 97% leased, multi-tenant mixed-use center is located adjacent to the one million sq.ft. Lafayette Square Mall. The center has a NOI of $143,466 after repair, reserve, vacancy reserve and management fee totaling $21,800. There is a 15.77% cash on cash return assuming 20% down, 25-year amortization and a 7.5% rate. The asking rent is $35 psf. Area demographics include a population of 232,905 residing within a five-mile radius earning an average household income of $55,524. The asking price is $1.4 million.