Author

Abby Cox

sarasota-square
DevelopmentFloridaMixed-useNews

Torburn, Jamestown Announce Next Steps for Mixed-Use Redevelopment of Sarasota Square Mall in Florida

by Abby Cox

Sarasota, Fla. — Torburn Partners, a real estate development and investment firm based in Chicago, and leasing and placemaking partner Jamestown are moving forward with Sarasota Square, a mixed-use redevelopment of the former Sarasota Square Mall. The mixed-use development spans nearly 100 acres at the corner of South Tamiami Trail and Beneva Road in Sarasota. Sarasota Square Mall originally opened in September 1977 and closed in December 2024. Phase I of the project, which is expected to be delivered in the first quarter of 2027, will introduce approximately 90,000 square …

Continue Reading
0 FacebookTwitterLinkedinEmail
VA-Hospital-Redevelopment_Denver
ColoradoDevelopmentFinanceMixed-useNews

Walker & Dunlop Arranges $130 Million in Financing for Mixed-Use Redevelopment of Former VA Hospital in Denver

by Abby Cox

DENVER — Walker & Dunlop has arranged $130 million in financing to fund the mixed-use redevelopment of a former Veterans Affairs (VA) hospital campus in Denver. GM Development, a locally based urban infill development firm, is the borrower.  Chris Rumu, Jason Silva, Cole Parker and Mike Valucci of Walker & Dunlop arranged the financing through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) loan program. This marks the largest HUD 221(d)(4) loan in the company’s history. (The 221(d)(4) loan product is HUD’s construction-to-permanent financing program that funds the …

Continue Reading
0 FacebookTwitterLinkedinEmail
west-broad-commons
Grocery-anchoredInvestment salesNewsVirginia

Berkeley Capital Advisors Negotiates $18.8 Million Sale of West Broad Commons in Richmond, Virginia

by Abby Cox

Richmond, Va. — Berkeley Capital Advisors has negotiated the $18.8 million sale of West Broad Commons, a 109,551-square-foot shopping center located in Richmond. Rob Carter, Alex Quarrier and Thompson Brown of Berkeley Capital Advisors represented the seller. The private buyer is based in Maryland. Tenants at the center, which was fully leased at the time of sale, include New Grand Mart, Teppanyaki Grill & Buffett and Empire Beauty School. West Broad Commons spans nearly 12 acres.

Continue Reading
0 FacebookTwitterLinkedinEmail
Daniels-Crossing
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 110,780-Square-Foot Neighborhood Center in Fort Myers, Florida

by Abby Cox

Fort Myers, Fla. — JLL has arranged the sale of Daniels Crossing, a 110,780-square-foot neighborhood center located in Fort Myers. Danny Finkle and Jorge Portela of JLL represented the seller, a joint venture between Forge Capital Partners and The Sembler Co. Publix Super Markets was the buyer. The property, which is anchored by a newly redeveloped Publix, was fully leased at the time of sale. Additional tenants include Quest Diagnostics, Hope Chest Hospice, Millennium Physician Group and The UPS Store.

Continue Reading
0 FacebookTwitterLinkedinEmail
marina-marketplace
CaliforniaNewsPower centersRetailers

Nordstrom Rack to Open Two New California Stores

by Abby Cox

Marina del Rey and Torrance, Calif. — Seattle-based fashion retailer Nordstrom plans to open two new Nordstrom Rack stores in Southern California. One of the stores will be located at Marina Marketplace, a 414,325-square-foot power center located in Marina del Rey, approximately 12 miles west of downtown Los Angeles. Tenants at Marina Marketplace, which is leased and managed by JLL, include Gelson’s Market, Equinox, Ulta Beauty, Barnes & Noble, Yard House and an AMC Dine-In Theatre. The second store will be situated at Rolling Hills Plaza, a 500,000-square-foot retail center located …

Continue Reading
0 FacebookTwitterLinkedinEmail
orange-plaza
FinanceNew YorkNews

Cronheim Arranges $75 Million in Financing for 811,272-Square-Foot Power Center in Middletown, New York

by Abby Cox

Middletown, N.Y. — Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot regional power center located in Middletown, about 55 miles northwest of New York City in the Hudson Valley region. Brandon Szwalbenest, Andrew Stewart, and Dev Morris of Cronheim Mortgage secured the financing through a life insurance company on behalf of the borrower, National Realty & Development Corp. The seven-year loan features a 30-year amortization schedule. Orange Plaza was 94 percent occupied at the time of sale to tenants including Walmart, Home Depot, Kohl’s, Burlington, Ross …

Continue Reading
0 FacebookTwitterLinkedinEmail
7-Eleven_Madera
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $12.2 Million Sale of Single-Tenant Retail Property in Central California

by Abby Cox

Madera, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley. Sean Cox and Bill Asher of Hanley Investment Group Real Estate Advisors represented …

Continue Reading
0 FacebookTwitterLinkedinEmail
newmark-merrill-development
CaliforniaDevelopmentInvestment salesNews

NewMark Merrill Purchases 2.5-Acres to Develop Three Retail Buildings in San Diego

by Abby Cox

San Diego — NewMark Merrill has acquired a 2.5-acre land parcel to develop three retail buildings in the Otay Mesa neighborhood of San Diego. The fully leased project will feature new locations for Wendy’s, Dutch Bros Coffee and Quick Quack Car Wash. All tenants are scheduled to open in early 2027. NewMark Merrill executed the full scope of the project, including entitlement, permitting, leasing, financing and site development. Andrew Peterson and Chris Kehl of SRS Real Estate Partners represented NewMark Merrill in the leasing and procurement of all three tenants. In …

Continue Reading
0 FacebookTwitterLinkedinEmail
Centerpoint-Plaza
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 13,611-Square-Foot Centerpoint Plaza in Central Texas

by Abby Cox

San Marcos, Texas — Marcus & Millichap has brokered the sale of Centerpoint Plaza, a 13,611-square-foot multi-tenant retail center located in the Central Texas city of San Marcos. Coleman Solomon, Joseph Blanga and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both local private investors.  Situated at 690 Center Point Road, Centerpoint Plaza was fully leased at the time of sale to Cody’s Restaurant Bar & Patio, Hays Co. Outfitters, Two P’s & Calli’s Boutique, Hot Nails & Spa and Butter Sweet by Cody’s, along with a …

Continue Reading
0 FacebookTwitterLinkedinEmail
Athens-Marketplace
AlabamaInvestment salesNews

Halpern Acquires 74,224-Square-Foot Shopping Center in Northern Alabama

by Abby Cox

Athens, Ala. — Atlanta-based Halpern Enterprises has acquired Athens Marketplace, a 74,224-square-foot shopping center located in Athens, a western suburb of Huntsville located roughly 15 miles south of the Tennessee border. Drew Fleming and Mark Joines of Newmark represented the private seller in the transaction. Built in 2024, Athens Marketplace was fully leased at the time of sale to T.J. Maxx, Ross Dress for Less, Ulta Beauty, Five Below, Rack Room Shoes, America’s Best Contacts & Eyeglasses, High Cotton Nail Bar and Therapy South.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts