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Abby Cox

Pacific Shopping Mall
Grocery-anchoredHawaiiInvestment salesNews

CBRE Facilitates Sale of 79,000-Square-Foot Shopping Center in Nānākuli, Hawaii

by Abby Cox

Nānākuli, Hawaii — CBRE has facilitated the sale of Pacific Shopping Mall, a 79,000-square-foot shopping center located in Nānākuli, roughly 30 miles northwest of Honolulu. Built in 1975, the center is situated on six acres near the Ko Olina master-planned development and Disney’s Aulani Resort. Foodland’s Sack N Save anchors the property, which was 90 percent leased at the time of sale. Additional tenants include O’Reilly Auto Parts, McDonalds, HELE Gas 2 Go, Subway, ColorTyme Rent-To-Own, USPS, Napa Auto Parts and the Waianae Coast Comprehensive Health Center. Nicholas Paulic and AJ Cordero of …

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Grand Bay Plaza
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 77,810-Square-Foot Shopping Center in Fort Meyers, Florida

by Abby Cox

Fort Meyers, Fla. — JLL Capital Markets has arranged the sale of Grand Bay Plaza, a 77,810-square-foot shopping center located in Fort Meyers. Publix anchors the center, which was fully leased at the time of sale. Additional retailers include Sherwin-Williams, The UPS Store and Papa Johns Pizza. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment and Sales Advisory team represented the seller, a Miami-based joint venture between Lombardi Properties and Fox Farm Capital. Wilder represented the private buyer in the transaction. Additionally, Wilder will lead leasing and management for …

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Leominster Plaza
Investment salesMassachusettsNews

Marcus & Millichap Brokers $7.2 Million Sale of Retail Center in Leominster, Massachusetts

by Abby Cox

Leominster, Mass. — Marcus & Millichap has brokered the sale of Leominster Plaza, a 20,279-square-foot retail center located in Leominster, approximately 42 miles northwest of Boston. The center is anchored by a ConvenientMD Urgent Care clinic, which has more than 13 years remaining on its lease. Other tenants at the property include ARA Leominster Dialysis, GEICO and Kids Care+. Adam Cohen and Brett Kilar of the Cohen Group, a division of Marcus & Millichap, marketed the property on behalf of the seller and procured the buyer in the transaction.

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Quebec Square
ColoradoInvestment salesNews

JLL Facilitates $56.7 Million Sale of Quebec Square in Denver

by Abby Cox

Denver — JLL Capital Markets has facilitated the $56.7 million sale of Quebec Square, a 207,611-square-foot power center located 10 miles from downtown Denver. Walmart, The Home Depot and Sam’s Club shadow anchor the center, which sits on 22 acres. Tenants at the property include Ross Dress For Less, Office Depot, PetSmart, Big 5 Sporting Goods and Five Below. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller, ALTO Real Estate Funds, in the transaction. Big Ben Private Real Estate I LP was the …

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Groundbreaking of BJ's Wholesale Club
Investment salesNewsNorth Carolina

AdVenture Development Breaks Ground on BJ’s Wholesale Club at Mixed-Use Development in Selma, North Carolina

by Abby Cox

Selma, N.C. — AdVenture Development has broken ground on a BJ’s Wholesale Club located within the master planned community of Eastfield Crossing, a 3 million-square-foot mixed-use development located in Selma. The new club, which will feature an on-site BJ’s gas station, will total 100,000 square feet. Additional tenants at the development include Academy Sports + Outdoors, Hobby Lobby, Old Navy, Ulta Beauty, Marshalls, Ross Dress For Less, Burlington, Five Below, Chase Bank and Target. Eastfield Crossing is situated on 400 acres and includes a business park, retail and entertainment space, …

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Winder Corners
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Arranges $15.8 Million Sale of Shopping Center in Winder, Georgia

by Abby Cox

Winder, Ga. — Colliers has arranged the $15.8 million sale of Winder Corners, a 164,592-square-foot shopping center located in Winder. Built in 1994, the property is situated on 24.5 acres. Publix anchors the center, which was 95.2 percent leased at the time of sale. Additional tenants include Beall’s Outlet, Roses Express, Anytime Fitness, Cato Fashions, GNC and Shoe Show. Scott Israel and Joe Montgomery represented the seller, Winder Corners Associates L.P., a subsidiary of First Colony Financial Corp., in the transaction. The buyer was Atlanta-based Mosaic Real Estate.

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Investment salesNewsNorth Carolina

Prudent Growth Acquires 29,900-Square-Foot Shopping Center in Roxboro, North Carolina 

by Abby Cox

Roxboro, N.C. — Prudent Growth Partners has acquired Shops of Roxboro Square, a 29,900-square-foot shopping center located in Roxboro, roughly 30 miles north of Durham. Prudent Growth purchased the property for $4 million. Built in 1988, the center comprises 11 tenants including La Cocina Mexican Restaurant, Jolly Nails, United Home Care, Buddy’s Home Furnishings, Taste of NY Deli & Pizza and New Southern Loans.

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Legacy West
Mixed-useNewsRestaurantsRetailersTexas

Kite Realty, GIC Acquire Legacy West in Metro Dallas for $785 Million

by Abby Cox

Plano, Texas — A partnership between Indianapolis-based Kite Realty Group and Singapore’s GIC has acquired Legacy West, a mixed-use development located in Plano, for $785 million. According to Kite Realty’s first-quarter earnings report that announced the transaction, Legacy West includes 344,000 square feet of retail space, 444,000 square feet of office space and 782 multifamily units. Invesco Real Estate has been the lead equity partner in Legacy West since the project’s inception in 2014, becoming the majority owner of the development in 2019. Prism Places and Mark Masinter of Open …

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safeway-anchored-shopping-centers
CaliforniaDevelopmentGrocery-anchoredNews

Nadel Architects Completes Two Retail Centers in Metro Sacramento

by Abby Cox

Roseville and Elk Grove, Calif. — Two new retail centers designed by Los Angeles-based Nadel Architects have opened in the metro Sacramento area. The properties are West Roseville Marketplace in Roseville and Laguna Reserve Marketplace in Elk Grove. West Roseville Marketplace totals 74,000 square feet and is anchored by a 55,592-square-foot Safeway. Additional tenants at the center include McDonald’s, Starbucks Coffee, Bank of America and Mountain Mike’s Pizza. Laguna Reserve Marketplace, which comprises 57,000 square feet, is also anchored by a Safeway.

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Paradise Place
FloridaInvestment salesNews

Plaza Advisors Arranges Sale of 72,961-Square-Foot Shopping Center in West Palm Beach, Florida

by Abby Cox

West Palm Beach, Fla. — Plaza Advisors has arranged the sale of Paradise Place, a 72,961-square-foot shopping center located in West Palm Beach. Built in 2003, the center sits on 8.5 acres. Publix anchors the property, which was 98 percent leased at the time of sale. Other tenants include Dunkin’ Donuts, Sage Dental and Goodwill. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, Charlotte, North Carolina-based Collett Capital, in the transaction. A partnership between Tampa-based Forge Capital Partners and The Sembler Co. purchased the property via its …

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