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Abby Cox

Walmart Neighborhood Market
FloridaGrocery-anchoredInvestment salesNews

Colliers Negotiates Sale of 103,830-Square-Foot Retail Center in Orlando, Florida

by Abby Cox

Orlando, Fla. — Colliers has negotiated the sale of the Shoppes at South Semoran, a 103,830-square-foot retail center located in Orlando, six miles directly north of the Orlando International Airport. Originally built in 1986, the property was renovated in 2013 with façade enhancements, as well as signage and parking lot improvements. Walmart Neighborhood Market anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Dollar Tree, Wendy’s and Suncoast Credit Union. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, an affiliate of …

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ArizonaInvestment salesNews

Cohen & Steers, Sterling Organization Acquire Deer Valley Towne Center in Metro Phoenix 

by Abby Cox

Deer Valley, Ariz. — A joint venture between Cohen & Steers Income Opportunities REIT (CNSREIT) and Sterling Organization has acquired Deer Valley Towne Center, a 159,000-square-foot open-air shopping center located in the Deer Valley neighborhood of Phoenix. Target shadow anchors the center, which is situated across from Phoenix General Hospital and PetSmart’s corporate headquarters. The property is more than 94 percent leased to tenants including Five Below, Ross Dress For Less, Dollar Tree, PetSmart, Michaels, Jersey Mike’s, Panda Express, Chipotle, Sola Salon Studios, GNC and Bath & Body Works. This transaction …

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Northside at SanTan Village
ArizonaLeasingMixed-useNewsRestaurantsRetailers

Western Retail Advisors Signs Five New Tenants at Northside at SanTan Village in Gilbert, Arizona

by Abby Cox

Gilbert, Ariz. — Western Retail Advisors has signed leases with five new tenants at Northside at SanTan Village, the first phase of the larger Northside mixed-use development in Gilbert, a suburb of Phoenix. Situated in the SanTan Village corridor, the retail and restaurant component will total 37,289 square feet across six buildings. Perry’s Steakhouse & Grille, the anchor tenant, will occupy 11,000 square feet of restaurant space, marking its first Arizona location. Meanwhile, The Workshop Pilates, The NOW Massage and Face Foundrie are opening their fourth locations in the state. Additionally, …

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FinanceMassachusettsNewsPower centers

Urban Edge Properties Closes $123.6 Million in Financing for 752,000-Square-Foot Shopping Center Near Boston

by Abby Cox

Framingham, Mass. — New York City-based Urban Edge Properties (NYSE: UE) has closed on a $123.6 million interest-only mortgage for a portion of Shoppers’ World, a 752,000-square-foot super regional power center located in Framingham, a western suburb of Boston. The four-year Secured Overnight Financing Rate (SOFR) loan was swapped and converted to a 5.12 percent fixed interest rate. The company then used a portion of the proceeds from the financing to pay off the $90 million outstanding balance on its line of credit with its original 5.48 percent interest rate. …

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Weberstown Mall
CaliforniaInvestment salesNews

Mershops Acquires Weberstown Mall in Stockton, California, for $50.8 Million 

by Abby Cox

Stockton, Calif. — Family-owned real estate platform Mershops has acquired Weberstown Mall, an 800,000-square-foot regional shopping center located in Stockton, for $50.8 million. Originally opened in 1966, the center is anchored by JCPenney, Dillard’s and Barnes & Noble. Other tenants include Old Navy, Five Below, BoxLunch, Foot Locker, Lids, Victoria’s Secret and Journeys. Steerpoint Capital brokered the sale on behalf of Mershops. The seller was Washington Prime Group. This transaction marks Mershops’ sixth enclosed shopping center acquisition across California and Nevada. Mershops’ current portfolio includes North County Mall in Escondido, California; …

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Shaw's Supermarket
Investment salesNew HampshireNews

CrownPoint Partners Facilitates $7.5 Million Sale of Single-Tenant Retail Property in Concord, New Hampshire

by Abby Cox

Concord, N.H. — CrownPoint Partners has facilitated the $7.5 million sale of a single-tenant retail property located at 20 D’Amante Drive in Concord. Shaw’s Supermarket has occupied the 65,868-square-foot building for nearly 25 years. Nearby retailers include Walmart Supercenter, Sam’s Club, ALDI, Petco, Dick’s Sporting Goods, Best Buy, Michaels and Ocean State Job Lot. Julius Swolsky and Shannon Bona of CrownPoint Partners, in association with ParaSell, Inc., represented the seller, an entity doing business as Concord D’Amante LLC and an affiliate of ARCTRUST, in the all-cash transaction. Horvath & Tremblay represented …

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Civic Center Plaza
CaliforniaFinanceNews

Gantry Arranges $26 Million Refinancing for Retail Center in Southern California

by Abby Cox

Simi Valley, Calif. — Gantry has arranged a $26 million bridge loan to refinance maturing debt for Civic Center Plaza, a 145,000-square-foot retail center located in Simi Valley, roughly 40 miles northwest of Los Angeles. Situated on 11.5 acres, the property is occupied by Regal IMAX Cinema, Starbucks Coffee, Panda Express, Carl’s Jr., two credit unions, Unleashed by Petco and a new grocer, which is scheduled to open in 2026. Mark Ritchie and Austin Ridge of Gantry represented the borrower, a private real estate operator. Funds managed by affiliates of …

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6770 North Brawley Ave.
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $4.6 Million Sale of Multi-Tenant Retail Pad in Fresno, California

by Abby Cox

Fresno, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a 7,052-square-foot multi-tenant retail pad located at 6770 North Brawley Ave. in Fresno. A Dutch Bros Coffee drive-thru anchors the property, which is situated within the River Oak Plaza shopping center. Built in 2019 on 1.3 acres, the building is fully leased to four additional tenants including West Coast Sourdough, WaBa Grill, Sport Clips and Organic Nails & Spa. Sean Cox and Bill Asher of Hanley represented the seller, California Gold Development Corp., in the …

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Publix
FloridaGrocery-anchoredNewsSouth Carolina

Bain Capital, 11North Partners Buy 10-Property Open-Air Retail Portfolio for $395 Million

by Abby Cox

Florida and South Carolina — A joint venture between Bain Capital and 11North Partners has purchased a portfolio of 10 open-air retail centers in Florida and South Carolina for $395 million. The properties — which are located across the submarkets of Fort Lauderdale, Orlando, Tampa, Palm Beach and Charleston — include Sawgrass Square, Plantation Promenade, Miramar Commons, Rolling Oaks, Promenade at Poinciana, Solivita Marketplace, New Tampa Center, Lake Worth Plaza, Garden Shops at Boca and Point Hope Commons. The acquisition spans more than 1 million square feet and follows the …

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Bell Tower
Company newsFloridaNews

DLC to Manage Bell Tower Shops in Fort Myers, Florida

by Abby Cox

Fort Myers, Fla. — DLC has been selected to provide management services for Bell Tower Shops, a 365,000-square-foot open-air lifestyle center located in Fort Myers. Elmsford, New York-based DLC will lead the property’s leasing and day-to-day operations as part of its third-party management portfolio. The Fresh Market, Nordstrom Rack, Dave & Buster’s and Regal Cinemas anchor the property. Other tenants include Ulta Beauty, Sunglass Hut, Talbots, The Capital Grille, Tap 42, Daruma Japanese Steakhouse and McGregor’s Public House. The center was renovated in 2018 with improvements such as redesigned storefronts, …

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