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Abby Cox

Lone Oak Shopping Center
Grocery-anchoredInvestment salesNewsTexas

Sembler Company, Forge Capital Partners Acquire 104,485-Square-Foot Retail Center in San Antonio

by Abby Cox

San Antonio — The Sembler Co. and Forge Capital Partners have acquired Lone Oak Shopping Center, a 104,485-square-foot retail center located in San Antonio. The partnership purchased the property for an undisclosed price through its Forge Real Estate Partners V (FREP) investment fund. The retail center — which was fully leased at the time of sale — is anchored by an H-E-B grocery store. Additional tenants at the property include Citi Trends, Hibbett Sports, The Smile Center, H&R Block, Metro by T-Mobile, Little Caesars and Ace Cash Express. Sembler Co. …

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Shops at Bay City Point
FloridaInvestment salesNews

Marcus & Millichap Arranges $8.2 Million Sale of Retail Center in Panama City, Florida

by Abby Cox

Panama City, Fla. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Built in 2023, the center is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. Shops at Bay City Point is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a …

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Applebee's-IHOP dual-branded restaurant
CaliforniaDevelopmentInvestment salesNewsOregonRestaurants

Monarch Commercial Advisors Brokers Sale of Nine Applebee’s Properties

by Abby Cox

Walnut Creek, Calif. — Monarch Commercial Advisors has brokered the sale of nine Applebee’s properties across California and Oregon. The Los Angeles-based buyer — a current IHOP franchisee — will convert seven of the existing sites into dual-branded restaurants, merging IHOP’s breakfast menu with Applebee’s lunch and dinner menu. The first Applebee’s-IHOP dual-branded restaurant concept opened in Seguin, Texas, earlier this year. Dine Brands, parent company of Applebee’s, IHOP and Fuzzy’s Taco Shop, is scheduled to break ground on 14 additional dual-branded locations in the U.S. by 2026, through both transforming …

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Cannery Corner
FeaturesFrom The Magazine

Essential Retail

by Abby Cox

Boasting strong, steady real estate fundamentals, unanchored shopping centers remain in high demand — but good luck finding available product to acquire. Investment sales for anchored and unanchored open-air centers remain strong — thanks to their unwavering, stable fundamentals. What makes open-air strips a desirable property type is they are both recession-proof and internet-proof — meaning people will always need the product or service, and they can’t get it online. Rob Holuba, managing director of CenterSquare Investment Management, has a name for these irreplaceable spaces: Essential Service Retail (ESR). In …

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South Willow Shops
Investment salesNew HampshireNews

Horvath & Tremblay Brokers $5.2 Million Sale of Shopping Center in Manchester, New Hampshire

by Abby Cox

Manchester, N.H. — Horvath & Tremblay has arranged the $5.2 million sale of South Willow Shops, a 9,869-square-foot retail center located in Manchester, approximately 18 miles south of Concord. Originally built in 1988, the property is fully leased to four tenants including Chipotle Mexican Grill, Mattress Firm, Hannoush Jewelers and The Great Greek Mediterranean Grill. All tenants at the center operate on net leases with scheduled rent increases. Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay represented the seller and procured the buyer in the transaction.

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Village North
DevelopmentGrocery-anchoredNewsOhio

Partnership Breaks Ground on 90,000-Square-Foot Retail Development in Metro Cincinnati

by Abby Cox

West Chester Township, Ohio — A partnership between Sansone Group and Clous Road Partners has broken ground on Village North, a 90,000-square-foot retail project in West Chester Township, approximately 17 miles north of Cincinnati. Upon completion, the 12.6-acre development will feature five buildings and be anchored by a 40,000-square-foot Whole Foods Market. Buffalo Construction is serving as the general contractor, and Cushman & Wakefield will manage leasing for the project. Village North is scheduled to open in 2026.

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LeasingNew JerseyNews

Five New Tenants Join The Promenade Shops at Clifton Near New York City

by Abby Cox

Clifton, N.J. — Five new tenants have signed leases to join The Promenade Shops at Clifton, a 160,000-square-foot shopping center located in Clifton, roughly 10 miles west of New York City. Sephora, J. Alexander’s, Paris Baguette and VIO Med Spa have already opened at the property, with Ann Taylor scheduled to open a factory outlet at the center in October 2025. Additionally, four existing tenants at the center — Chicos, LA Fitness, PNC Bank and CityMD — have extended their leases. The shopping center — which opened in 2008 — …

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Tractor Supply Co.
FloridaInvestment salesNet leaseNews

CrownPoint Brokers $7.4 Million Sale of Single-Tenant Retail Property in Melbourne, Florida

by Abby Cox

Melbourne, Fla. — CrownPoint Partners has brokered the $7.4 million sale of a newly constructed, 22,686-square-foot single-tenant retail property in Melbourne. Tractor Supply Co. occupies the building — which was built in 2022 — and features an expanded lawn and garden center, as well as an on-site pet wash station. The property is net leased, with more than 13 years remaining on the corporate-guaranteed lease. Julius Swolsky and Shannon Bona of CrownPoint Partners represented both the seller, developer Primax Properties LLC, and the buyer, Nice Realty South LLC, in the …

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Metro Washington Retail Portfolio
FinanceMarylandNewsVirginia

Marcus & Millichap Arranges $17 Million Refinancing for Retail Portfolio in Metro Washington, D.C.

by Abby Cox

Silver Spring, Md. and Fairfax, Va. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $17 million loan for the refinancing of a nine-property retail portfolio located in Silver Spring, Maryland, and Fairfax, Virginia. The properties — which total roughly 71,000 square feet — include multi-tenant retail strip centers, single-tenant retail properties and single-tenant restaurants. Jared Cassidy of MMCC’s Washington, D.C. office secured the five-year loan through a local bank. The financing carries a 12-month adjustable rate, 25-year amortization schedule and a 55 percent loan-to-value ratio.

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FinanceNew JerseyNews

Cronheim Mortgage Facilitates $31 Million Financing for Shopping Center in Philadelphia Suburb

by Abby Cox

Burlington, N.J. — Cronheim Mortgage has facilitated a $31 million financing for Liberty Square Center, a 358,000-square-foot shopping center located in the Philadelphia suburb of Burlington. An affiliate of National Realty and Development Corp. is the borrower. The 10-year loan features a 30-year amortization period and a step-down prepayment structure. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim secured the financing through a life insurance company on behalf of the borrower. Liberty Square Center is anchored by a Walmart Supercenter. Additional tenants at the property, which was 99.5 percent …

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