Author

Abby Cox

Signal Hill
CaliforniaFinanceInvestment salesNews

Marcus & Millichap Arranges Sale, Financing for Retail Property in Suburban Los Angeles

by Abby Cox

Signal Hill, Calif. — Marcus & Millichap has arranged the $6.2 million sale of the Signal Hill Gateway Center, a four-tenant retail pad located in Signal Hill, just north of Long Beach. Tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Dollar Tree, Chipotle Mexican Grill, Milano Nail Lounge and a Bank of America ATM. Built in 2015 on 1.2 acres, the retail pad comprises 6,535 square feet of gross leasable space. Sheila Alimadadian of Marcus & Millichap represented the seller, Khouraki Corp. …

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CaliforniaInvestment salesMixed-useNews

Shopoff Realty Investments Sells Final Retail Parcel at Sunrise Village in Fullerton, California, for $2.5 Million

by Abby Cox

Fullerton, Calif. — Shopoff Realty Investments has sold the last remaining retail parcel at Sunrise Village, a 14-acre neighborhood shopping center located in the Orange County city of Fullerton, for $2.5 million. The recently sold property totals nearly half an acre and houses a veterinary clinic. The unused space at the parcel will be transformed into a fast-casual Korean restaurant. The remaining retail parcels at the property were previously sold to separate owners. The first parcel sale included a 1.4-acre corner retail space, which featured a drive-thru Del Taco and …

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Trader Joe’s
Investment salesNewsTennessee

Avison Young Arranges $7.8 Million Sale of Trader Joe’s-Occupied Property Near Nashville

by Abby Cox

Murfreesboro, Tenn. — Avison Young has arranged the $7.8 million sale of a newly constructed property occupied by Trader Joe’s in Murfreesboro, roughly 35 miles southeast of Nashville. The 13,050-square-foot grocery store is situated on 2.3 acres and opened earlier this year. Jordan Powell, Lisa Maki and Mike Jacobs of Avison Young represented the locally based seller, TDK Corp. Trader Joe’s acquired the property by exercising its right of first refusal.  Founded in 1967, Monrovia, California-based Trader Joe’s operates 608 stores across 43 states.

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Whataburger_Acworth
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $2.7 Million Sale of Single-Tenant Retail Property in Metro Atlanta

by Abby Cox

Acworth, Ga. — Marcus & Millichap has brokered the $2.7 million sale of a newly built, single-tenant retail property located in Acworth, a northwest suburb of Atlanta. Whataburger occupies the 3,318-square-foot freestanding restaurant, which features a double drive-thru, on a 15-year corporate ground lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, an unnamed developer based in Georgia, in the transaction. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap procured the unnamed buyer. The Whataburger restaurant was delivered in April and is adjacent to …

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Village Green
DevelopmentNewsTennessee

Five New Tenants to Join Village Green Shopping Center in Suburban Nashville

by Abby Cox

Nolensville, Tenn. — Five new tenants have signed leases to join Village Green, a 90,473-square-foot shopping center under development in Nolensville, a suburb of Nashville. Chase Bank will debut at the property, along with Tropical Smoothie Café, Floyd’s 99 Barbershop, Great Clips and Mountain Mike’s Pizza. Village Green will open this October. The new tenants will accompany a mix of additional retailers and restaurants who have already committed to the project including Chipotle, First Watch, Hand & Stone Massage and Facial Spa, Club Pilates, Heartland Dental, Jersey Mike’s, Abbott’s Frozen …

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AlabamaFinanceNews

Burton, Peaceable Street Capital Close $123 Million Recapitalization of Alabama Shopping Center Portfolio

by Abby Cox

Mobile, Ala. — Mobile-based Burton Property Group and Peaceable Street Capital have closed the $123 million recapitalization of a four-property shopping center portfolio in Alabama. The properties include Riviera Square and Foley Square in Foley, Jubilee Square in Daphne and Westwood Plaza in Mobile. The 785,000-square-foot portfolio was 98 percent leased at the time of the recapitalization, details of which were not disclosed. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL arranged the financing on behalf of Burton Property Group, which will use its newfound capital flexibility on its …

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Hazel Dell Marketplace
FinanceGrocery-anchoredNewsWashington

Gantry Secures $27.8 Million in Refinancing for Hazel Dell Marketplace in Vancouver, Washington

by Abby Cox

Vancouver, Wash. — Gantry has secured a $27.8 million permanent loan to refinance maturing debt for Hazel Dell Marketplace, a 227,680-square-foot retail center in Vancouver. Situated on 28 acres across 11 buildings, Hazel Dell is anchored by Safeway. Other tenants at the center include Ross, Marshalls, Parkrose Hardware, Sola Salons, Killer Burger and Sally Beauty. Blake Hering and Abi Hunter of Gantry represented the borrower, a family office owner and developer partnership between two family office groups, in the financing. The fixed-rate, 10-year loan was secured from one of Gantry’s correspondent …

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Pearl Square
FloridaGrocery-anchoredLeasingMixed-useNews

Gateway Jax Signs Lease with Publix to Anchor Mixed-Use Development in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Locally based real estate development firm Gateway Jax has signed a lease with Publix to anchor Pearl Square, a 1.5 million-square-foot mixed-use development underway in Jacksonville. The new Publix will span 31,000 square feet in a building that will also include a 15-story residential tower with 250 apartment units and 400 parking spaces. Gateway Jax and Corner Lot are expected to begin construction on the grocery store in summer 2026. Upon completion of Pearl Square, the $2 billion development will comprise 1,250 residential units, approximately 200,000 square feet …

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Academy Sports + Outdoors
AlabamaCompany newsDevelopmentFloridaGeorgiaIndianaMississippiNewsOhioSouth CarolinaTennesseeTexasVirginia

Academy Sports + Outdoors Opens 11 New Stores in Third Quarter 2025 

by Abby Cox

Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened 11 new stores in the third quarter of this year, with plans to debut a total of up to 25 new locations in 2025. The sporting goods and outdoor recreation retailer has already launched three new locations in Boardman, Ohio; Beaufort, South Carolina; and Virginia Beach, Virginia; and will open eight more stores in fall 2025 in Rome, Georgia; Cullman, Alabama; Mishawaka, Indiana; Lakeland, Florida; Columbia, Tennessee; Albany, Georgia; Palestine, Texas; and Batesville, Mississippi. The 11 new store openings this …

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Eaglewood Shops
Company newsMassachusettsNew HampshireNewsRhode Island

Wilder to Manage 74 Retail Properties Across Three States

by Abby Cox

Boston — Boston-based Wilder has been selected to provide management services for 74 retail properties across Massachusetts, New Hampshire and Rhode Island on behalf of Linear Retail Properties. With the addition of these properties, Wilder’s portfolio now exceeds more than 100 locations, ranging from Maine to Florida.

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