REAL ESTATE

CBRE completes sale of Kohl’s in Avondale, Ariz.

BY Michael Fickes

Phoenix — CBRE has completed the sale of a single tenant net leased Kohl’s department store at the Alameda Crossing shopping center in Avondale, Ariz. The 88,402-sq.-ft. retail property on 8.89 acres commanded a price of $10.6 million.

CBRE’s Phoenix office represented both the buy and the seller in the transaction. The seller was La Jolla, Calif.-based Collins Family Trust, Stanford Decedents Trust and Sarn Family Trust. The buyer was Investors Associated LLP of Oconomowoc, Wis.

“We had a relationship with a 1031 exchange buyer out of the Midwest, who just sold a Walgreens portfolio and was looking for another triple net acquisition,” said Joseph Compagno, VP with CBRE’s Phoenix office. “The buyer was looking for a safe and stable income stream, and they accomplished that with the acquisition of this Kohl’s. Kohl’s is one of the top rated retail tenants in the United States with a “BBB+” investment grade credit rating.”

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REAL ESTATE

Reports: AmazonFresh could expand to San Francisco

BY Alaric Dearment

New York — Amazon’s fresh food delivery service may be expanding to San Francisco, according to published reports.

All Things Digital, a Dow Jones-owned website that reports on technology news, reported on several sightings in San Francisco of AmazonFresh trucks, as well as a recent job posting.

According to the site, Amazon plans to announce the service’s launch on Tuesday. Amazon began offering the service in Seattle and recently expanded it to Los Angeles. AmazonFresh allows users to shop online for produce, dairy products, dry goods and others.

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Lysol-branded family health resource site makes debut

BY CSA STAFF

In collaboration with the Centers for Disease Control and Prevention and the National Association of Pediatric Nurse Practitioners, Reckitt Benckiser in support of its Lysol brand has launched the site "Looking After You and Your Family" as part of the Family Health Series.

The strategic partnership tapped Education Marketing Specialists, CarrotNewYork, to develop a one-stop, content-rich website. “’Looking After You and Your Family’ provides topical and timely health information from trusted industry leaders in a digest-style format that is easy to navigate,” Tom Bach, manager professional relations, Reckitt Benckiser said.

The website covers the spectrum of life stages from pregnancy through the school years, and offers sections on a healthy home, immunization and emergency preparedness. A resources section offers those who wish to conduct additional research a vetted collection of health resources divided by topic.

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