Altamonte Springs, Fla. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction.
Longwood, Fla. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot Publix-anchored center located in Lakewood, roughly 15 miles north of Orlando. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Shoppes of Sweetwater Inc. Washington, D.C.-based Graphite Real Estate was the buyer. The property, which was 94 percent leased at the time of sale, features a mix of tenants such as CVS Pharmacy, The Hummus Corner, Li’s Garden Chinese Restaurant, Aca-Pulquito Cocina Mexicana, …
Irving, Texas — Marcus & Millichap has negotiated the sale of Market Square, a 48,822-square-foot multi-tenant retail center located in Irving, approximately 10 miles northwest of Dallas. Phillip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors. Built in 1984, Market Square was fully leased at the time of sale to a mix of service-oriented tenants including Sarigama Supermarket, Amaravati Indian Restaurant, Bajeko Sekuwa Himalayan Grill, Cajun Crab, Pizza Hut, Subway, Smoothie King, NS Hair Salon & Spa, Vivek Flowers …
Ontario, Calif. — Progressive Real Estate Partners has brokered the $2.8 million sale of a freestanding restaurant building located in Ontario. Wienerschnitzel fully occupies the 2,739-square-foot building, which was built in 1998 and renovated in 2017. Lance Mordachini and Greg Bedell of Progressive Real Estate Partners represented the buyer, while David Lin of KoTai Commercial represented the seller, both private investors.
Buckeye, Ariz. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix. The first wave of tenants includes Buckle, Ulta Beauty, Target, Bath & Body Works, Famous Footwear, Marshalls and HomeGoods. Target, which spans 148,000 square feet, will be the first anchor tenant to open at Verrado Marketplace on May 17. The next wave of tenants will debut in June, including Einstein Bros. Bagels, Elite Shutters & Blinds, Great Clips, Pacific Dental Services, NextCare Urgent Care, Paramount …
Waldorf, Md. — SRS Real Estate Partners has brokered the $10.8 million sale of Waldorf Park, a 22,425-square-foot retail property located in Waldorf, roughly 23 miles south of Washington, D.C. Built in 2022, the property is 93 percent occupied by 12 tenants including Comprehensive Primary Care, Club Pilates and Naz’s Halal Food. Waldorf Park also sits adjacent to St. Charles Town Center, a 1.1 million-square-foot shopping center anchored by Dick’s Sporting Goods. Andrew Fallon and Philip Wellde Jr. of SRS Real Estate Partners represented the seller, Republic Land Development, in …
Beverly, Mass. — JLL Capital Markets has negotiated the $8.5 million sale of a freestanding retail property located in Beverly, roughly 20 miles northeast of downtown Boston. The 60,666-square-foot building is fully leased to Stop & Shop, which has operated at the location since 1986. The site spans 4.9 acres and originated as the first Marshalls store in the United States, according to JLL. The property has been owned by the Marshalls family since its inception in 1956. Alex Quinn, Zach Nitsche, Sam Wiesman and Joe Marinaro of JLL represented the seller in the …
Eastchester, N.Y. — Zelco Properties, along with an institutional real estate investment management firm and operating partner, has acquired 750 White Plains Road, a 200,473-square-foot retail property located within the Vernon Hills Shopping Center in Eastchester, approximately 20 miles north of New York City. Formerly occupied by Lord & Taylor, the multi-level property is anchored by White Plains Hospital, which spans 74,500 square feet. New ownership plans to reposition the property with new tenants, with confirmed retailers and restaurants such as a luxury health club, a regional bakery and café, a …
San Antonio — CBRE has arranged financing for The Legacy, a 353,000-square-foot mixed-use property located in San Antonio. John Fenoglio and Brock Hudson of CBRE secured the nonrecourse loan on behalf of the borrower, a partnership between San Diego-based Rio Capital Investments and New York City-based Triangle Capital Group. The Legacy is designed as a live-work-play environment and spans more than 32 acres. Tenants at the property include Lifetime Fitnesss, Best Buy, Specs, Buffalo Wild Wings, Starbucks Coffee and Main Event, along with a Home2 Suites by Hilton hotel.
Lynchburg, Va. and Owings Mills, Md. — Divaris Real Estate has been selected to provide leasing for two shopping centers located in Virginia and Maryland. Sara Goodall and Sam McCoy of the firm will handle leasing for Lakeside Crossing, a 67,034-square-foot shopping center located in Lynchburg. The Fresh Market anchors the property, which features additional tenants such as Petco, Panera Bread and Chipotle Mexican Grill. James O’Neill and Shadi Ayyoubi will lead leasing efforts for New Town Village, a 116,303-square-foot neighborhood center located within the master-planned community of New Town …
