CB Richard Ellis is selling a Wal*Mart location on South Story Street in Boone, IA for $3.113 million. The company is also selling Bruno’s Centre, located on Center Point Parkway in Birmingham, AL for $6.95 million at a Cap rate of 9.8%. The 119,172 sq.ft. neighborhood shopping center is 89% occupied and anchored by Bruno’s and Fred’s. Cotenants include Dollar General, Sally Beauty Supply, Headstart hair salon, H&R Block and Wells Fargo. There is 13,500 sq.ft. of vacant space available. Area demographics include a population of 57,797 within three miles earning $53,385 as the average household income.

For more information regarding the Wal*Mart site, contact Gregory M. Dalton or Christopher Bosworth, CB Richard Ellis; 916-781-4851 or 404-923-1486;
Emails: greg.dalton@cbre.com and chris.bosworth@cbre.com.

For more information regarding Bruno’s Centre, contact Mark Shellabarger, Craig Taylor or Matthew Baldwin, CB Richard Ellis, 201 East Kennedy Boulevard, Suite 1500, Tampa, FL 33602; 813-273-8439, 404-923-1454 or 813-273-8458, Fax 813-223-7144; Emails:
mark.shellabarger@cbre.com, craig.taylor@cbre.com and matthew.baldwin@cbre.com;
Web site: www.cbre.com/tampa.

Fameco Real Estate is selling five properties owned by Frank Investments and located in NJ. The sites include: Rio Mall, a 164,927 sq.ft. shopping center located at the intersection of Route 9 and Route 47 in Rio Grande and anchored by Kmart and Frank Theatres; a 14.62-acre parcel on Absecon Avenue in Absecon; three adjoining parcels totaling 15,000 sq.ft. in Ventnor on Ventnor Avenue; a 13.26-acre parcel on White Horse Pike in Mullica and two acres approved for a shopping center at the intersection of MacArthur Boulevard and Braddock Avenue in Somers Point. Fameco is also selling Kirkwood Plaza, a 310,000 sq.ft. shopping center located on Kirkwood Highway in Wilmington, DE. Kohl’s, Pathmark, A.C. Moore and Petco anchor the center.

For more information, contact Diane Weinberg, Fameco Real Estate, 633 West Germantown Pike, Suite 200, Plymouth Meeting, PA 19462; 610-834-8000, Fax 810-834-1739.

The Shopping Center Group is selling two outparcels of Stonecrest Mall. The 1.07-acre site is priced at $695,000 and the 2.13-acre site is available for $1.25 million. Area demographics include a population of 101,338 within five miles earning $61,074 as the average household income.

For more information, contact Daniel Earles, The Shopping Center Group, 3101 Towercreek Parkway, Suite 200, Atlanta, GA 30339; 770-955-2434; Email:
daniele@theshoppingcentergroup.com.

ArciTerra Group, LLC is selling its portfolio of 20 single-tenant properties throughout the eastern U.S. for $40 million at a Cap rate of 6.8%. The sites include five Family Dollar stores, four Verizon locations, three Sherwin Williams locations, three Advance Auto Parts locations, two AutoZone stores, one CVS location, one Walgreens location and one Kohl’s site.

For more information, contact Ryan D. O’Connell, ArciTerra Group, LLC, 2720 East Camelback Road, Suite 220, Phoenix, AZ 85016; 602-424-3419, Fax 602-956-4494; Email: ryan.oconnell@arciterra.com;
Web site: www.arciterra.com.

Grosvenor Investment Management U.S., Inc., acquired the Gateway Village community shopping center located in Santa Clarita, CA. The 154,000 sq.ft. center is situated on 17 acres and 87% leased. Cotenants include California National Bank, LA Fitness and Smart & Final. An affiliate of RKR Development of Sherman Oaks, CA sold the center with representation by Faris Lee Investments of Irvine, CA.

For more information, contact Grosvenor Investment Management U.S., Inc., 1600 Market Street, Suite 1310, Philadelphia, PA 19103; 215-446-8100, Fax 215-446-8101; Web site: www.grosvenor.com.