Author

Abby Cox

oak-hill-plaza

Austin, Texas — Partners Capital has sold Oak Hill Plaza, a 115,512-square-foot retail property located in Austin. Kyle Minter, James Sharpe V and Cole Frantz of Newmark brokered the disposition. The transaction marks the third property sale completed by Partners Capital’s Opportunity Fund IV investment vehicle, following the sales of Murphy Southwest Business Center in December 2025 and 10849 and 10899 Kinghurst Drive in July 2024. Partners Capital originally acquired Oak Hill Plaza in August 2021. The center was 92.5 percent leased at the time of sale by tenants including The …

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Delaware, Ohio — Associated Bank has provided a $9 million loan to GTZ Properties for the development of Trailhead Crossing, a 12-acre retail property located at 1335-1131 U.S. Route 36 in Delaware, a northern suburb of Columbus. The project consists of three buildings occupied by Chick-fil-A, Chipotle Mexican Grill and Take 5 Oil Change. A second, three-tenant strip center will be occupied by Dunkin’, Nothing Bundt Cakes and Pacific Dental Services. The project also contains two pad-ready sites, one of which is a pending sale to a national daycare company. …

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Applebees

Surprise, Ariz. — Marcus & Millichap has arranged the $3.5 million sale of a single-tenant restaurant property in Surprise, roughly 30 miles northwest of Phoenix. Applebee’s occupies the 5,103-square-foot property. Chris Lind, Mark Ruble and Zack House of Marcus & Millichap represented the seller, a Delaware-based limited liability company, and procured the buyer, a California-based limited liability company, in the all-cash transaction. The buyer plans to hold the property as a long-term investment.

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Midtown-Village

Tuscaloosa, Ala. — Chicago-based JLL Income Property Trust has acquired Midtown Village, a 345,000-square-foot shopping center located near the University of Alabama campus in Tuscaloosa, for $94 million. The seller requested anonymity. Built in 2007, Midtown Village consists of eight single-story buildings across a 30-acre site. The open-air center features a mix of retailers such as Barnes & Noble, Ulta Beauty, Old Navy, Best Buy, lululemon, American Eagle & Aerie, Fab’rik, Kay Jewelers, South Boutique, Loft, Tuscaloosa Nail & Spa and GameStop. Restaurants include Panera Bread, Blaze Pizza, Metro Diner and …

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Gateway-Plaza

San Antonio — The Palomar Group has arranged the sale of Gateway Plaza, a 179,327-square-foot retail center located in San Antonio. The Criterion Fund purchased Gateway Plaza for $16.7 million. The seller was a private investor. Ollie’s, dd’s DISCOUNTS, Dollar Tree and DG Market anchor the property, which was 90 percent leased at the time of sale. Built in 1988 and renovated in 2024, capital improvements at the center have included an updated façade, parking lot resurfacing and general site upgrades.

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franklin-crossroads-park-retail

North Franklin Township, Pa. — A partnership between Los Angeles-based Industrial Realty Group (IRG) and Cleveland-based PREP Funds has opened its 100,000-square-foot retail phase at Franklin Crossroads Park, located roughly 30 miles south of Pittsburgh. Previously known as Washington Crown Center, the adaptive-reuse project will transform the former indoor mall into a multi-tenant commercial and business mixed-use destination. The renovated retail segment is currently 98 percent leased to a mix of tenants including Ollie’s Bargain Outlet, Dollar Tree, Rural King, MAC.BID, The Toffee House, Haven Cheer & Gymnastics, Nail Trix, Bacon …

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Doral Marketplace

Doral, Fla. — Cushman & Wakefield has negotiated the sale of Doral Marketplace, an 83,365-square-foot, newly constructed retail center located in Doral, a western suburb of Miami. According to multiple sources, the property sold for $83 million. Whole Foods Market anchors the property, which was fully leased at the time of sale. Other tenants include Ulta Beauty, Shake Shack, J. Crew and Warby Parker. Mark Gilbert, Adam Feinstein, and Mitchell Halpern of Cushman & Wakefield represented the seller, SJC Ventures, in the transaction. The buyer is a high-net-worth family office …

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The Hub at Bexley

Land O’ Lakes, Fla. — JLL Capital Markets has arranged the sale of The Hub at Bexley, a 50,000-square-foot neighborhood center located within the Bexley master-planned community in Land O’ Lakes, approximately 20 miles north of Tampa. Delivered in 2023, The Hub at Bexley was fully leased to a mix of food-and-beverage, health and wellness and entertainment and service tenants such as BellaBrava, Stillwaters Tavern and TREK Bikes. The center also features a village-style design with a covered event stage, landscaped courtyards and outdoor seating. Additional tenants at the center …

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7-Eleven

Alice, Texas — Marcus & Millichap has brokered the $7.3 million sale of a single-tenant retail property located in Alice, roughly 50 miles east of Corpus Christi. The newly built, 4,874-square-foot property is occupied by a 7-Eleven convenience store and gas station. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap represented the buyer, an Arizona limited liability company, and coordinated with the seller, a Texas limited partnership.

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Salina, Kan. — Mokas Coffee & Eatery has signed a nine-unit franchise development deal in the Kansas City area with Cornerstone Hospitality, led by veteran entrepreneurs Brice Turner and Jeff Bennett. The deal includes six units across Clay and Jackson counties in Missouri, along with three additional development units outside the metro area in Derby, Garden City and Manhattan, Kansas. Active site selection is underway with a projected opening in 2027. Mokas Coffee & Eatery, which is part of the JRI Hospitality Group, operates seven locations in Kansas and Arizona.

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