Author

Abby Cox

7-Eleven-Bernardino
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3 Million Pre-Sale of Single-Tenant Retail Property in San Bernardino, California

by Abby Cox

San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3 million pre-sale of a newly constructed single-tenant retail property situated at the intersection of Redlands Boulevard and Hunts Lane in San Bernardino. The building will be occupied by a 7-Eleven commercial fueling lanes (CFL) prototype on a 15-year, triple-net ground lease. The location will serve as a bridge between a traditional convenience store and a truck stop, which includes high-speed diesel lanes for commercial vehicles, commercial truck diesel infrastructure compatible with the 7FLEET Diesel Network and diesel …

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CFA-Leesburg
FloridaInvestment salesNews

SRS Negotiates $3.5 Million Ground Lease Sale of Single-Tenant Restaurant Property in Central Florida

by Abby Cox

Leesburg, Fla. — SRS Real Estate Partners has negotiated the $3.5 million ground lease sale of a restaurant property located at 9925 US-441 in Leesburg, about 45 miles northwest of Orlando. Chick-fil-A occupies the 4,935-square-foot building, which was built in 2024, on a corporate-guaranteed, triple-net ground lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a national investor and developer, in the transaction. The 1031 exchange buyer was a Brooklyn, New York-based private investor.

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Simon-WrenthamPremiumOutlets
LeasingMassachusettsNews

Simon Property Group Signs Leases with Four New Tenants at Wrentham Village Premium Outlets in Massachusetts

by Abby Cox

Wrentham, Mass. — Simon Property Group has signed leases with four new tenants at Wrentham Village Premium Outlets, a 616,000-square-foot open-air power center located in Wrentham, approximately 30 miles southwest of Boston. The Shaquille O’Neal-branded fast-causal restaurant chain Big Chicken is already open at the property, while Taiwanese tea house Gong Cha will open in late spring. Athletic apparel brand Fabletics will debut this summer, along with Gymboree, a children’s clothing brand. Opened in 1997 and renovated in 2018, Wrentham Village Premium Outlets features more than 170 stores, including Ulta …

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Company newsFloridaNews

Saglo Cos. Names New Chairman, CEO

by Abby Cox

Miami — Miami-based Saglo Cos. has named the company’s current president, Hue Chen, as its new CEO. Chen has served as president of the shopping center owner and operator for the past 10 years. In addition to overseeing enterprise-wide operations, Hue will lead Saglo’s long-term strategy, growth initiatives and capital deployment efforts. Jack Glottmann, who initially joined his father to lead the company in 1998, will transition from his position of CEO to chairman. As chairman, Glottmann will continue to provide oversight while focusing on strengthening relationships with Saglo’s investors …

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Desert-Sky-Plaza-II-Victorville-CA
CaliforniaDevelopmentNews

NewMark Merrill-Led Partnership to Develop 297,363-Square-Foot Retail Center in Victorville, California

by Abby Cox

Victorville, Calif. — NewMark Merrill Cos., in partnership with World Premier Investments and R.Y. Properties, has received entitlements to develop Desert Sky Plaza II, a 30-acre shopping center located at the southeast corner of Roy Rogers Drive and Amargosa Road in Victorville, approximately 35 miles north of San Bernardino. NewMark Merrill is scheduled to break ground on the project in the second quarter of 2026 with the opening planned for fall 2027. Designed by Architects Orange and Kimley-Horn, Desert Sky Plaza II will be the second phase of the existing Desert …

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Lancaster Marketplace
CaliforniaFinanceIllinoisInvestment salesNewsOregonWisconsin

Gantry Arranges $42.8 Million in Refinancing for Four Retail Properties Across Four States

by Abby Cox

San Francisco — San Francisco-based Gantry has arranged four separate permanent loans totaling $42.8 million to refinance four retail properties in California, Illinois, Oregon and Wisconsin. Andy Bratt and Sean Kuang of Gantry arranged all four loans through a single life company lender on behalf of the borrower, a series of Rhino Investments Group (RIG) affiliates. The loans carry fixed interest rates with 30-year amortization schedules. Gantry will service the loans. The loan proceeds were used to retire existing debt, fund tenant improvements and provide additional cash-out tied to executed leases …

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Prospect Square
CaliforniaInvestment salesNews

Marcus & Millichap Brokers Sale of 33,055-Square-Foot Mixed-Use Property in La Jolla

by Abby Cox

San Diego — Marcus & Millichap has arranged the sale of Prospect Square at La Jolla Village, a mixed-use property located in San Diego’s La Jolla submarket. 1025 Prospect LLC sold the asset to 1025 Associates LLC & Wedge 3.0 LLC for $10.3 million. Nick Totah of Marcus & Millichap represented the seller, while Ross Sanchez, also of Marcus & Millichap, represented the buyer in the deal. Prospect Square at La Jolla Village features 33,055 square feet of ground-floor and second-floor retail and restaurant space, third-floor office space and a three-story …

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Investment salesNewsTennessee

Manova Partners Sells 323,927-Square-Foot Nashville West Shopping Center

by Abby Cox

Nashville, Tenn. — Manova Partners, a real estate firm headquartered in Munich, Germany, has sold Nashville West Shopping Center, a 323,927-square-foot, super-regional shopping center in Nashville near Vanderbilt University. Chris Decoufle, Kevin Hurley, Matt Karempelis of CBRE marketed the property on behalf of the seller. The buyer was not disclosed. Situated at the intersection of I-40 and Charlotte Pike, Nashville West Shopping Center was built in phases from 2007 to 2008 and comprises six single-story buildings across 31 acres. Tenants at the center, which was 98 percent leased at the time …

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Cross County Center
DevelopmentNew YorkNews

Marx Realty Underway on 58,000-Square-Foot Retail Expansion at Cross County Center in Yonkers, New York

by Abby Cox

Yonkers, N.Y. — Marx Realty is underway on the construction of a two-building, 58,000-square-foot retail expansion at Cross County Center, a 1.2 million-square-foot lifestyle center located in Yonkers, just north of New York City. The first building will comprise 14,000 square feet across a single floor and the second building will span 44,000 square feet across two floors. Marx Realty will also develop a 4-acre park, which will accommodate farmers’ markets and SummerFest events, as well as wellness and seasonal programming. Meanwhile, an adjacent boardwalk will offer café-style seating and shaded …

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1455 N. Milwaukee Ave.
IllinoisInvestment salesNews

Greenstone Parters Brokers $5.6 Million Sale of Retail Property in Chicago’s Wicker Park

by Abby Cox

Chicago — Greenstone Partners has brokered the $5.6 million sale of a retail and medical property located at 1455 N. Milwaukee Ave. in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98 percent of the list price to a New York-based buyer. The two-story property features 11,370 rentable square feet, roughly 125 feet of frontage along North Milwaukee Avenue and a private surface parking lot with 23 dedicated spaces. Barry’s Bootcamp occupies the ground floor. The upper level is leased to two medical services providers. Danny Spitz and …

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