Dallas, Texas — STRIVE has arranged the sale of Inwood Plaza, a 9,570-square-foot retail center in Dallas. Jack Hicks and Hudson Lambert of STRIVE represented the seller and sourced the buyer, both Dallas-based investors, in the transaction. Additional terms of the sale were not disclosed.
Harrisburg, Pa. — High Pointe Commons, a 359,000-square-foot shopping center located in Harrisburg, has introduced its second wave of new retail tenants. The first wave of leases, which were announced within the past two years, include NYC Sugaring, FedEx, Fleet Feet, Five Below, Warhammer and LensCrafters. Additionally, three more tenants have joined the tenant roster this month, including men’s apparel store DXL Big + Tall, Crumbl Cookies, and AT&T, all of which are now open. Levin Management Corp. (LMC) leases and manages the property. Fred Younkin internally represented LMC in …
Deerfield, Ill. and New York City — Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with private equity firm Sycamore Partners. The total value of the transaction is $23.7 billion, according to WBA, including an equity value of $10 billion, as well as debt, capital leases and potential future payouts from the opioid and Everly Health Solutions COVID-19 testing settlements. Upon completion of the transaction, which is expected to close in the fourth quarter of 2025, WBA common stock will be …
Davie, Fla. — SRS Real Estate Partners has brokered the $4.9 million ground lease sale of a Wawa convenience store property located in Davie, roughly 24 miles north of Miami. Built in 2016, the Wawa property totals 5,636 square feet and operates on a corporate-guaranteed lease. A South Florida-based development and investment firm sold the property to a private investor from South Florida in a 1031 exchange. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller in the transaction.
Houston — Burlington Coat Factory will open a 20,350-square-foot store at The Shops at Stone Park, a 250,000-square-foot regional power center located in East Houston. The discount clothing retailer will backfill an anchor space that was formerly occupied by Staples, joining a tenant roster that includes Chick-fil-A, Best Buy, Marshalls, Rack Room Shoes and JCPenney. Developed in 2009 on 23 acres, The Shops at Stone Park is more than 99 percent leased. Greg Stackhouse of New Regional Planning represented Burlington in the lease negotiations. Nina Irwin of NewQuest represented the …
Dublin, Calif. — Ross Stores Inc. has opened 16 Ross Dress for Less stores and three dd’s DISCOUNTS stores across 14 different states this month. The newest store locations are part of the company’s plans to open a total of approximately 90 new stores in 2025, which will comprise 80 Ross’ and 10 dd’s DISCOUNTS. Ross has expanded its presence in the newer markets of Connecticut, Minnesota, New Jersey and New York, while dd’s DISCOUNTS has focused on the existing markets of California, Georgia and Texas. Ross Dress for Less …
Irmo, S.C. — The Palomar Group has brokered the sale of Irmo Station, a 99,384-square-foot shopping center located in the Columbia suburb of Irmo. Originally built in 1980, the Kroger-anchored center is situated on 13.8 acres. Tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price.
Lawrenceville, Ga. — Marcus & Millichap has arranged the sale and financing of a Walgreens property in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Built in 2004, Walgreens is situated on 1.2 acres. The property is net leased with under 10 years remaining on a corporate-guaranteed, absolute net lease with options to renew. Luke Lamoreaux of Marcus & Millichap Capital Corp. (MMCC), a subsidiary of Marcus & Millichap, secured acquisition financing for the property. Ashish Vakhariya, Darin Gross and Seth Haron of Marcus & Millichap’s Detroit office marketed the property …
Coon Rapids, Minn. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 6,297-square-foot two-tenant retail pad in Coon Rapids, roughly 15 miles outside Minneapolis. Fast-casual restaurant chain Dave’s Hot Chicken and medical spa Chapter Aesthetic Studio occupy the building, which is situated within the Riverdale Commons retail center on a 10-year lease. Dave’s Hot Chicken totals 2,797 square feet, while Chapter Aesthetic Studio totals 3,500 square feet. Jeff Lefko and Bill Asher of Hanley, in association with Robert Wise and Jeff Jiovanazzo of CBRE, …
Mesa, Ariz. — SimonCRE has acquired 64 acres of land for a new mixed-use development, dubbed Medina Station, in Mesa, roughly 20 miles outside Phoenix. Plans for the roughly 305,335-square-foot project include a multi-tenant retail center, retail outparcels, a restaurant district and a multifamily residential complex. Tenants at Medina Station will include Boot Barn, Einstein Bros. Bagels, Zara Nails, Café Zupas, GoodVets, U.S. Bank and Hawaiian Bros Island Grill. A Target store and a two-story, 80,000-square-foot Dick’s Sporting Goods will anchor the development. SimonCRE plans to break ground on the …
