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Abby Cox

Home Ranch Commons
CaliforniaDevelopmentMixed-useNews

IPA Arranges $34.6 Million Sale of Mixed-Use Property in Metro Los Angeles

by Abby Cox

Yorba Linda, Calif — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $34.6 million sale of Home Ranch Commons, a 60,737-square-foot mixed-use medical and retail center located in Yorba Linda. UCI Health and Kiddie Academy anchor the property, which was built in 1984 and renovated in 2018. Other tenants at the center include Blue Agave, YL Family Chiropractic, Bodhi Leaf Trading Co., The Coder School and Torkian Aesthetic Center. Greenbridge Partners sold the property to Optimus Properties. Mark DeGiorgio, Jose Carrazana and Patrick Toomey of …

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Central Park Plaza
FloridaInvestment salesNews

Plaza Advisors Brokers Sale of 47,653-Square-Foot Shopping Center in Largo, Florida

by Abby Cox

Largo, Fla. — Plaza Advisors has brokered the sale of Central Park Plaza, a 47,653-square-foot shopping center located in Largo, roughly 23 miles northeast of Tampa. Tenants at the property, which was 95 percent leased at the time of sale, include NAPA Auto Parts, Rent-A-Center, Boost Mobile and AMA Medical Group. An affiliate of Fortune Commercial Management doing business as Central Park Largo LLC  purchased the property for $5.6 million, with SouthState Bank providing a $3.7 million acquisition loan. Jeff Berkezchuk and Jim Michalak of Plaza Advisors represented the undisclosed …

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CaliforniaDevelopmentFinanceNews

BWE Secures $20 Bridge Loan for Outparcel Redevelopment in Merced, California

by Abby Cox

Merced, Calif. — BWE has secured a $20 million bridge loan to finance the redevelopment of an outparcel adjacent to Marketplace at Merced in Merced. Sears formerly occupied the 85,000-square-foot property. The project will include a complete interior renovation, as well as the addition of two pad sites totaling 6,164 square feet. The redevelopment was fully preleased at the time of financing. Tenants at the property will include Ulta Beauty, Five Below, Petco, Rack Room Shoes and Burlington Coat Factory. Mike Guterman of BWE arranged the 30-month loan on behalf …

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ConnecticutFinanceGrocery-anchoredNewsVermont

Cronheim Secures $9 Million Refinancing for Shopping Centers in Vermont, Connecticut

by Abby Cox

Derby, Vt. and Wallingford, Conn. — Cronheim Mortgage has secured two loans totaling $9 million for the refinancing of shopping centers located in Vermont and Connecticut. National Realty & Development Corp. (NRDC) is the borrower. The properties include Shaw’s Plaza in Derby, Vermont, and Kohl’s Plaza in Wallingford, Connecticut. Built in 1968, Shaw’s Plaza totals 80,193 square feet. Shaw’s Supermarket anchors the property. Other tenants at the center include Dollar Tree and Maurice’s. Cronheim arranged a 10-year loan for the property. Kohl’s and Aldi anchor Kohl’s Plaza, which totals 159,600 …

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DevelopmentMassachusettsNews

Simon® Signs Two Leases with Dick’s Sporting Goods in Metro Boston

by Abby Cox

Braintree and Peabody, Mass. — Simon has signed new leases with Dick’s Sporting Goods at two of its properties in metro Boston. DICK’S House of Sport will be located within Northshore Mall in Peabody, roughly 20 miles outside Boston, and a Dick’s Sporting Goods store will open at South Shore Plaza in Braintree, approximately 15 miles outside Boston. Both stores are scheduled to open in 2026.

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Plaza-Del-Mar_Manalapan
FloridaGrocery-anchoredInvestment salesNews

Garden Commercial Acquires 83,841-Square-Foot Retail Center in Manalapan, Florida

by Abby Cox

Manalapan, Fla. —An affiliate of GardenCommercial doing business as Manalapan Plaza Del Mar LLC has acquired Plaza Del Mar, an 83,841-square-foot retail center located in Manalapan, roughly 50 miles north of Miami. According to the Palm Beach Daily News, the purchase price was $37 million. Publix anchors the property, which is situated on roughly 10.3 acres.  Other tenants at the center include John G’s, Thaikyo Asian Cuisine, Art Basil Restaurant, The Ice Cream Club, Chico’s, Evelyn & Arthur and J. McLaughlin. Addicted Chic is also scheduled to open at the …

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Hightower Station
FinanceGeorgiaInvestment salesNews

Marcus & Millichap Arranges Sale, Financing of 56,300-Square-Foot Shopping Center in Atlanta

by Abby Cox

Atlanta —Marcus & Millichap has arranged the $8.3 million sale of Hightower Station, a 56,300-square-foot shopping center located in Atlanta. Built in 1989 on 6.3 acres, the center is anchored by Dollar Tree and Atlanta SMART Academy, which occupies 70 percent of the property. There are 14 additional tenants, including Subway and Cricket Wireless. Taylor Abbott and Eric Abbott of Marcus & Millichap represented the seller in the transaction. Salim Valiani and Shujan Valiani secured the buyer, an undisclosed private investor. Additionally, Garrett Fierstein of Marcus & Millichap Capital Corp. …

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Towne-Crossing-Longview-Crossing
Investment salesNewsTexas

Younger Partners Acquires 288,000-Square-Foot Retail Portfolio in Texas

by Abby Cox

McKinney and Longview, Texas — Younger Partners Investments (YPI) has acquired a two-property retail portfolio totaling 288,063 square feet in Texas. Developer Weber & Co. was the seller. The properties include McKinney Towne Crossing and Longview Towne Crossing. Located in McKinney, approximately 32 miles north of Dallas, McKinney Towne Crossing comprises 137,287 square feet and was 98 percent leased at the time of sale. Tenants at the property include FedEx Office, Buffalo Wild Wings, Leslie’s Pool Supplies, Cook Children’s Pediatrics, Storming Crab, Jimmy John’s and Mattress Firm. Longview Towne Crossing, …

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CaliforniaInvestment salesNewsRestaurants

Valore Ventures Sells 3,895-Square-Foot Restaurant Property in Fontana, California

by Abby Cox

Fontana, Calif. — Valore Ventures has sold a 3,895-square-foot single-tenant restaurant property in the Los Angeles suburb of Fontana. McDonald’s occupies the property on a 20-year ground lease. Construction of the building was completed in December 2024. Matthew Mousavi and Patrick Luther of SRS Real Estate Partners represented Valore Ventures in the transaction. Joe Linkogle of Marcus & Millichap represented the buyer, a private trust.

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party-city
Company newsFinanceLeasingNew YorkNews

A&G to Auction 695 Party City Store Leases

by Abby Cox

New York City — A&G Real Estate Partners has announced plans to auction 695 Party City store leases in 44 states in its capacity as real estate advisor to the retailer. Party City Holdco Inc. (PCHI) first filed for Chapter 11 bankruptcy protection in January 2023 and announced in December 2024 that it would be liquidating and closing all stores. The leases range in size from roughly 7,000 to 46,000 square feet, with the spaces available for immediate occupancy. The bid deadline and auction are scheduled for early February. According …

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