Monroe, N.C. — Legacy Realty Group Advisors has brokered the sale of Sunset Plaza, a 58,477-square-foot shopping center located in Monroe, approximately 30 miles southeast of Charlotte. Food Lion anchors the property, which features a mix of additional tenants including Family Dollar, Monster Mini Golf and Monroe Family Pharmacy. Built in 1976 and renovated in 2023, Sunset Plaza sits on nearly 5 acres. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller in the transaction.
Abby Cox
Bellevue, Wash. — The operator of Eddie Bauer stores has entered into a voluntary Restructuring Support Agreement (RSA) and has commenced chapter 11 proceedings in the U.S. Bankruptcy Court of the District of New Jersey. The bankruptcy filing for the company involves the entity managing physical stores — Catalyst Brands — not the brand itself, which is owned by Authentic Brands Group and SPARC Group. Eddie Bauer retail and outlet stores in the United States and Canada will remain open and continue serving customers as the company begins its process of closing …
Phoenix-based Vestar continues its focus on new development with more than 4 million square feet recently completed, under construction or pre-development. Vestar has long been known for being the go-to developer in the Phoenix area for retailers. The company has developed a cadre of well-known retail environments in the area, including Desert Ridge Marketplace, Tempe Marketplace and Queen Creek Marketplace. Today, the company has 72 centers under ownership or on its robust third-party management and leasing platform. It has also recently completed 750,000 square feet of new retail development in …
Nearing 1,000 locations nationwide, Zaxbys is evolving from a regional Southern favorite to a national QSR staple. As it celebrates its 35th anniversary this year, Zaxbys has ushered in a new era with a comprehensive refresh. This includes the introduction of its ‘Modern Farmhouse’ restaurant design, as well as an updated visual identity, branding and packaging. Together, these updates reflect a modernized, cohesive look and feel, signaling the next chapter in Zaxbys’ evolution while maintaining the bold flavors and Southern hospitality that guests love. And so, with its bold flavors …
Minimal new supply leads to tight fundamentals in select areas that continue to outperform the urban core. While the health of the retail market along the Magnificent Mile continues to recover incrementally with a rebound in foot traffic following a prolonged downturn, Chicago’s neighborhoods and suburbs are bustling with leasing activity. In fact, limited retail supply in the suburbs and throughout most of the city’s neighborhoods is one of the biggest challenges facing the market, according to Michael Flinchbaugh, an associate director with Chicago-based Bradford Allen. He says the dynamic has …
Arizona-based SimonCRE has quickly grown its development platform. Today, the company has multiple large-scale centers under development. Since its foundation in 2010, SimonCRE has grown from a small startup to a major player in national retail development. It has become a company known not just for creating buildings, but also for renewing spaces, shaping communities and embracing challenges in a changing sector. With SimonCRE celebrating its 15th anniversary in August, the company’s journey offers a lesson in persistence, tenacity and vision. From Humble Beginnings to Hitting Its Stride The story …
Stamford, Conn. — CBRE has negotiated the sale of a 153,416-square-foot shopping center located in the southern coastal Connecticut city of Stamford. Whole Foods Market and Saks OFF Fifth anchor the center at 110 High Ridge Road, which is a redevelopment of a former Lord & Taylor department store into a multi-tenant center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, HBS Global Properties, in the transaction. The trio also procured the buyer, an entity doing business as 110 High Ridge Road LLC.
Investors Realty Arranges $9 Million Sale of Brentwood Square Shopping Center in Omaha, Nebraska
Omaha, Neb. — Investors Realty Inc. has arranged the $9 million sale of Brentwood Square Shopping Center, a 224,187-square-foot retail center located in Omaha. An entity doing business as Brentwood Square Plaza LLC sold the property to Brentwood I Acquisition LLC. Ember Grummons and Tim Kerrigan of Investors Realty represented the seller. The transaction also included an 89,359-square-foot land lease. Harbor Freight anchors the property, which includes a mix of additional tenants such as Planet Fitness, Thrift World and Dollar Tree.
Colliers Negotiates Sale of 124,375-Square-Foot Crosspointe Plaza in Greenville, South Carolina
Greenville, S.C. — Colliers has negotiated the sale of Crosspointe Plaza, a 124,375-square-foot regional shopping center located in Greenville. Scott Israel of Colliers’ Atlanta Retail Investment Sales team represented the seller, Ziff Real Estate Partners, in the transaction. RCG Ventures was the buyer. Tenants at the center include T.J. Maxx, Dollar Tree, DSW, 810 Billiards and Up 2 Us Furniture. Built in 1990, Crosspointe Plaza is situated on roughly 10.4 acres, according to Loop Net.
Pennsylvania — Marcus & Millichap has brokered the sale of a portfolio of 10 Dollar General stores in Pennsylvania. The addresses were not disclosed, but the stores are all new construction and operate under 15-year, triple-net leases. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group of Marcus & Millichap brokered the deal. The seller was a developer, and the buyer was an institutional investment firm. “This marks our fourth Dollar General portfolio closing in the past 12 months, with investor demand remaining strong across both private and …