Kenosha, Wash. — Legacy Realty Group Advisors has brokered the $27.6 million sale of Plaza 50, a 199,217-square-foot retail center located in Kenosha. Pick ‘N Save, Burlington Coat Factory, Marshalls and Ross Dress for Less anchor the property, which was 99 percent occupied at the time of sale. Jacob Baruch, Daniel Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction.
Brentwood, Tenn. — Greenberg Gibbons has acquired Cool Springs Pointe, a 198,103-square-foot retail center located in Brentwood. The property was purchased through the Greenberg Gibbons Real Estate Income Fund for $34.5 million. Tenants at the center, which was fully leased at the time of sale, include Best Buy, Ross Dress for Less, Restoration Hardware Outlet, Golf Galaxy, Old Navy and Party City.
Collierville, Tenn. — JLL Capital Markets has brokered the $12 million sale of Collierville Crossing, a 94,331-square-foot shopping center located in Collierville, roughly 30 miles outside Memphis. Academy Sports + Outdoors anchors the property, which was built in 2004. Other tenants at the center include La Hacienda, Sakura Japanese Restaurant, America’s Best Contacts and Eyeglasses, Sports Clips and Direct General Insurance. Desco Group and Affinius Capital sold the property to an entity doing business as RCG-Collierville VII LLC. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the seller in …
Houston — Australian-based Funlab has opened a new, 12,000-square-foot Holey Moley Mini Golf Club in Houston. In addition to three nine-hole miniature golf courses, the venue features two private karaoke rooms and a full-service bar and restaurant, dubbed The Caddyshack. Funlab’s current portfolio includes two Holey Moley facilities in Denver and Austin. An additional venue is scheduled to open in San Francisco this year.
Colonie, N.Y. — Three new tenants have signed leases at Northway Mall, a 480,000-square-foot retail center located in Colonie. Mattress Firm, Mission BBQ and Club Pilates have opened at the property, occupying 4,745; 4,329; and 1,846 square feet, respectively, in a space formerly occupied by Petco. Target and Lowes anchor Northway Mall, which is owned and managed by Olshan Properties.
Rancho Mirage, Calif. — Albanese Cormier has acquired Rancho Las Palmas, a 162,380-square-foot retail center located in Rancho Mirage. Amazon Fresh, In-N-Out Burger, CVS/pharmacy, Hobby Lobby, Starbucks Coffee and Wells Fargo anchor the property, which was originally built in 1980. The center was extensively renovated in 2016 and 2022. Bryan Ley of JLL Capital Markets represented the undisclosed seller in the transaction.
Oakland County, Mich. — District Capital has arranged a $10 million loan for the refinancing of a shopping center located in Oakland County within the Detroit metro area. The property totals 62,000 square feet. Justin Hollis of District Capital secured the loan through a life insurance company on behalf of the borrower.
Corona, Calif. — Pacific Petroleum Inc. has acquired Main Street Village Center, a retail center in Corona, for $7.8 million. The property features 20,000 square feet of retail space. Alan Krueger and Vanessa Haddad of CBRE represented Pacific Petroleum and the seller, LJZ Corona LLC, in the deal.
Newport Beach, Calif. — Faris Lee Investments and SSG Realty Corp. have arranged the $4.4 million sale of a mixed-use property located on Newport Beach’s Balboa Island. Jeff Conover, Shaun Riley, Scott DeYoung and Greg Lukosky of Faris Lee Investments, with Greg Swedelson and Jon-Eric Greene of SSG Realty Corp., represented the undisclosed buyer and seller in the transaction. Situated on two separate parcels, the property features storefront retail with two second-floor residential units. Two street-level retail shops and two residential tenants currently occupy the property.
Mentor, Ohio — The Cooper Commercial Investment Group has brokered the $2.1 million sale of a single-tenant retail property located in Mentor. Starbucks Coffee occupies the building, which was constructed in 2022, with roughly eight years remaining on its lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, an Ohio-based investment group, in the 1031-exchange transaction.
