Author

Abby Cox

Mall Plaza
Investment salesMaineNews

Newmark Arranges $19.8 Million Sale of Shopping Center in South Portland, Maine

by Abby Cox

South Portland, Maine — Newmark has arranged the $19.8 million sale of Mall Plaza, a 153,576-square-foot shopping center in South Portland. The center totals 153,576 square feet and includes anchor Dick’s Sporting Goods and junior anchor Petco. Located across the street from Maine Mall, the property features five pad sites, four of which are occupied by Burger King, Verizon, Maine Community Bank and Friendly’s. The plaza was 83 percent leased at the time of sale. Robert Griffin, Jonathan Martin and Paul Penman of Newmark’s Boston Capital Markets team and Mackenzie …

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Muncie Town Plaza
IndianaInvestment salesNews

Regency Properties Acquires 173,773-Square-Foot Retail Center in Muncie, Indiana

by Abby Cox

Muncie, Ind. — Evansville, Indiana-based Regency Properties has acquired Muncie Towne Plaza, a 173,773-square-foot shopping center in Muncie. Developed in 1997 and renovated in 2005, Muncie Towne Plaza was fully leased at the time of sale. Tenants at the property include Kohl’s, T.J. Maxx, Old Navy, Ulta Beauty and Shoe Carnival. The property includes a 1.1-acre undeveloped land site immediately adjacent to Old Navy, which Regency plans to develop into a single- or multi-tenant space. The parcel can accommodate a 50,000-square-foot development. The purchase price and seller were not disclosed.

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Douglas Square
Investment salesMissouriNews

Prudent Growth Acquires Shopping Center in Lee’s Summit, Missouri for $11.6 Million

by Abby Cox

Lee’s Summit, Mo. — North Carolina-based Prudent Growth Partners LLC, has acquired Douglas Square, a 59,451-square-foot shopping center in the Kansas City suburb of Lee’s Summit, for $11.6 million. Built in 1999, the four-building property features a combination of 18 local and national tenants including medical, restaurant and service-oriented businesses. The property was 74 percent leased at the time of sale. The seller was not disclosed.

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165 E. Hospitality Lane
CaliforniaInvestment salesNews

Progressive Arranges $6.8 Million Sale of Multi-Tenant Property in San Bernardino, California

by Abby Cox

San Bernardino, Calif. — Progressive Real Estate Partners has arranged the $6.8 million sale of a multi-tenant commercial flex center located at 165 E. Hospitality Lane in San Bernardino. The 44,290-square-foot property comprises two buildings with suites ranging in size from 950 square feet to 1,930 square feet. Originally built in 1980, the center has been recently renovated. The center — which was 93 percent leased at the time of sale — features 24 tenants including retail, restaurant, healthcare, education, fitness, finance and office businesses. Situated in the Tri-City Commons/Hospitality …

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Chipotle Mexican Grill
CaliforniaDevelopmentInvestment salesLeasingNews

Hanley Arranges $5.9 Million Sale of Single-Tenant Retail Property in Torrance, California

by Abby Cox

Torrance, Calif. — Hanley Investment Group has arranged the $5.9 million sale of a newly-constructed, single-tenant property in Torrance, in the South Bay area of Los Angeles. Chipotle Mexican Grill occupies the building — which totals 3,570 square feet — on a 15-year, corporate guaranteed, triple-net lease. Bill Asher, Jeff Lefko and Sean Cox of Hanley represented the buyer, a Los Angeles-based private investor, in the all-cash transaction. Christopher Huddleston of The Sher Group represented the seller, a Los Angeles-based private investor.

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Grande Center
DevelopmentNewsTexas

Weitzman Completes Renovation of 78,194-Square-Foot Retail Center in Irving, Texas

by Abby Cox

Irving, Texas — Weitzman has completed the renovation of Grande Center, a 78,194-square-foot retail center in Irving. The renovation project included new color schemes, exterior resurfacing, LED tenant signage, updated LED pylon signage and LED lighting upgrades for the parking lot. Additionally, the center’s signature tower has been reimagined to include squared-off columns, new paint and wood accents. Tenants at the property — which is more than 96 percent leased — include Hooters, EntertainMART, GameStop, Leslie’s Pool Supplies, Red Wing Shoes, SAS Factory Shoes, Pizza Patrón, La Campiña Salvadoreña, Edible …

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Smalls Sliders
Company newsDevelopmentIndianaLeasingNewsRestaurants

Smalls Sliders to Open 15 Restaurants in Indiana

by Abby Cox

Atlanta — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement with operating group Indy Craves to open 15 new units, dubbed “Cans,” in Indiana. This marks the first multi-unit franchise deal in the state for the brand. Potential locations include Lafayette, Indianapolis, Kokomo, Fishers, Noblesville, Carmel, Muncie, Pendleton, Avon, Plainfield, Greenwood, Terre Haute, Bloomington and Columbus. The first of the 15 restaurants is scheduled to open in the next 12 months, according to a company representative. Smalls Sliders opened its first Can in 2019 and currently has more …

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West Harbor
Architecture and DesignCaliforniaDevelopmentFinanceNews

Partnership Receives $61.5 Million in Refinancing for Waterfront Retail Development in Los Angeles

by Abby Cox

Los Angeles — A partnership between the City of Los Angeles, the Port of Los Angeles, Jerico Development and The Ratkovich Co. has received $61.5 million for the recapitalization of West Harbor, a waterfront retail development in Los Angeles’ San Pedro neighborhood. The recapitalization will fund the completion and stabilization of the dining, entertainment and retail project, which is adjacent to the Port of Los Angeles. The property is more than 80 percent pre-leased. Spanning 42 acres, West Harbor offers 117,205 square feet of leasable building area and 204,000 square …

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Morrison Ranch
ArizonaCompany newsDevelopmentGrocery-anchoredNews

Barclay Group Develops Seven New Grocery-Anchored Shopping Centers

by Abby Cox

Phoenix — Barclay Group has developed a total of seven Kroger-anchored shopping centers in Arizona and Colorado, with six of the seven shopping centers located in the greater Phoenix area. The most recent deliveries featured two openings in January 2025, including Flying Horse in Colorado Springs, Colorado, and Morrison Ranch in Gilbert, Arizona. The final two openings — Heritage West in Buckeye, Arizona, and Sycamore Farms in Surprise, Arizona — are scheduled for completion this year. Barclay Group’s expansion into the Phoenix market within the past 15 months is part …

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Crenshaw Plaza
CaliforniaFinanceGrocery-anchoredNews

JLL Arranges $32 Million Loan for Retail Center in Los Angeles

by Abby Cox

Los Angeles — JLL Capital Markets has arranged $32 million in financing for Crenshaw Plaza, a 146,901-square-foot grocery-anchored shopping center located in Los Angeles. The borrower is a joint venture between the principals of 21 Alpha Group and Intelligent Design Real Estate. Originally built in 1967 and renovated in 2004, Crenshaw Plaza was 97 percent leased at the time of sale. Vallarta Supermarkets anchors the center on a new 15-year lease. Additional tenants at the property include Planet Fitness, Foot Locker and AutoZone. Spencer Bergthold, Charles Halladay and Daniel Skerrett …

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