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Abby Cox

Deerbrook-Shopping-Center
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers Sale of 428,612-Square-Foot Deerbrook Shopping Center in Metro Chicago

by Abby Cox

Deerfield, Ill. — Mid-America Real Estate Corp. has brokered the sale of Deerbrook Shopping Center, a 428,612-square-foot open-air center located in Deerfield, approximately 28 miles north of downtown Chicago. The purchase price was $44 million, according to several media sources. The property spans 47.5 acres and is anchored by Jewel-Osco. Additional tenants include Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks Coffee, Panera Bread, Noodles & Co., Sleep Number, City BBQ, Mattress Firm and Subway. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, a global investment advisor, …

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Five-Points-Plaza-Riverside-CA
CaliforniaGrocery-anchoredInvestment salesNews

Longpoint Acquires 129,699-Square-Foot Five Points Plaza in Riverside, California, for $31 Million

by Abby Cox

Riverside, Calif. — Longpoint has acquired Five Points Plaza, a 129,699-square-foot retail center located in Riverside, for $31 million. Stater Bros. anchors the property, which features a mix of additional tenants including Del Taco, Jack in the Box and Dollar Tree. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the buyer in the transaction. The seller was a private family who is the original developer of the center.

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74785-Highway-111-Indian-Wells-CA
CaliforniaInvestment salesNews

Progressive Real Estate Partners Brokers $10.5 Million Sale of Indian Wells Medical & Professional Center in California

by Abby Cox

Indian Wells, Calif. — Progressive Real Estate Partners has brokered the $10.5 million sale of Indian Wells Medical & Professional Center in Indian Wells. Built in 1996, the two-story property offers 40,750 square feet of commercial space, as well as courtyards, outdoor seating and covered parking. Current tenants include Charles Schwab, RadNet, Mercer Financial and SBEMP Law. Greg Bedell and Heather Sharp of Progressive Real Estate Partners represented the seller, Miami-based Kresher Capital, in the transaction. The buyer, Orange County, California-based Circle Vision, was self-represented.

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Yorktowne Plaza
Investment salesNew JerseyNews

Marcus & Millichap Negotiates $7.3 Million Sale of 41,219-Square-Foot Retail Property in Brick Township, New Jersey

by Abby Cox

Brick Township, N.J. ­— Marcus & Millichap has negotiated the sale of Yorktowne Plaza, a 41,219-square-foot retail property located in Brick Township, for $7.3 million. Spanning nearly 6 acres, Yorktowne Plaza features 23 retail suites. Tenants include Domino’s Pizza, Mariner Finance, Crown Fried Chicken, Nova Games and Community Medical Center. The center was constructed in 1965, according to LoopNet Inc. Brent Hyldahl, Alan Cafiero, and Seth Goldberg represented the seller, Ocean County Equities LLC, in the transaction.

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East Park Plaza
Grocery-anchoredInvestment salesNebraskaNews

Mid-America Arranges Sale of 214,029-Square-Foot Shopping Center in Lincoln, Nebraska

by Abby Cox

Lincoln, Neb. — Mid-America Real Estate Corp. has arranged the sale of East Park Plaza, a 214,029-square-foot shopping center located in Lincoln. A freestanding Russ’s Market anchors the property. Other tenants include Famous Footwear and Marcus Theatres. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, Starwood Property Trust, in the transaction. Broad Reach Retail Partners was the buyer.

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East Gate Plaza
ArizonaDevelopmentNews

Diversified Partners Developing $60 Million Retail Center in Mesa, Arizona

by Abby Cox

Mesa, Ariz. — Scottsdale, Arizona-based Diversified Partners is under construction with East Gate Plaza, a $60 million retail center located in Mesa. Spanning approximately 17 acres, the development will be situated north of the master-planned community of Eastmark and near the Mesa Tech Corridor. Confirmed tenants at the property are Starbucks Coffee, Einstein Bros. Bagels, Discount Tire, FitFX, WingSnob, Señor Taco, Farmer Boys, Zeitouna, Fresh Monkee, Port of Subs, Ono Hawaiian BBQ, Euphoria Nail Salon, Playa Bowls, Hand & Stone Spa, Kolache Café and Andi’s Hair Salon. Additional tenants include …

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Lincoln Road
DevelopmentFloridaNews

Comras Co. Unveils Plans for 150,000-Square-Foot Retail Destination in Miami Beach

by Abby Cox

Miami Beach, Fla. — Comras Co. has unveiled plans to develop a new micro-district to complement the north end of Lincoln Road, the retail high street of Miami Beach. Dubbed NoLi, the project will include 150,000 square feet of boutique retail, dining, wellness and lifestyle concepts, as well as 1,700 square feet of street frontage. Comras Co. recently purchased five properties along Lincoln Road and North Lincoln Lane for the development of NoLi, in which Acore Capital provided a $117 million loan for the acquisition. NoLi will reuse the existing buildings …

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DevelopmentFloridaGrocery-anchoredNews

GBT Realty to Develop Sprouts Farmers Market-Anchored Center in New Smyrna Beach, Florida

by Abby Cox

New Smyrna Beach, Fla. — GBT Realty Corp. has unveiled plans to develop Shops at New Smyrna, a 55,273-square-foot, grocery-anchored neighborhood shopping center located in New Smyrna Beach. Construction of the project is scheduled to begin in summer 2026, with completion set for summer 2027. A 23,273-square-foot Sprouts will anchor the development, which will also feature an additional 35,000 square feet of junior anchor and inline retail space across two buildings, as well as two one-acre outparcels. The tenant roster is expected to include fitness, restaurant and soft goods services, among …

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Metro-Centre-Owings-Mills
LeasingMarylandNews

David S. Brown Enterprises Signs Three New Leases at Metro Centre Owings Mills in Maryland

by Abby Cox

Owings Mills, Md. — Locally based David S. Brown Enterprises has signed three new leases at Metro Centre Owings Mills, a mixed-use, transit-oriented development under construction in the Baltimore suburb of Owings Mills. Bakery-café chain Paris Baguette, Miss Toya’s Creole House and Royalty Dental are all scheduled to debut in 2026. In addition to the new lease signings, Japanese restaurant Chiimii Sushi & Sando recently opened at the property. Current tenants at the center include The Tillery, Hook & Reel, Toastique, World of Beer, Bee Inspired Goods, Club Pilates, Eggspectation and …

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Queen Creek Crossing
ArizonaDevelopmentGrocery-anchoredNews

Vestar Completes 400,000-Square-Foot Queen Creek Crossing in Metro Phoenix 

by Abby Cox

Queen Creek, Ariz. — Vestar has completed Queen Creek Crossing, a 400,000-square-foot retail development located in Queen Creek, approximately 40 miles southeast of Phoenix. Costco anchors the property, which is fully leased. Other tenants include Ashley Furniture, Hobby Lobby, BJ’s Restaurant and Brewhouse, Ono Hawaiian BBQ, Smoothie King, Sleep Number, Fleet Feet, Well Groomed Pets, Desert Financial Credit Union, Natural Pediatrix, Gallery Nails and Snip-Its. Additionally, The Habit Burger and Grill is scheduled to debut in December, while U.S. Bank is expected to open in late 2026. The 31-acre development originally …

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