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Abby Cox

Covington Plaza
Grocery-anchoredIndianaInvestment salesNews

Mid-America Brokers Sale of 182,051-Square-Foot Shopping Center in Fort Wayne, Indiana

by Abby Cox

Fort Wayne, Ind. — Mid-America Real Estate Corp. has brokered the sale of Covington Plaza, a 182,051-square-foot community center located in Fort Wayne. The center is anchored by The Fresh Market and features a mix of additional tenants including Pet Supplies Plus, Tequila Mexican Cantina, Cap n’ Cork, Christopher James Menswear and Catablu Grille. Ben Wineman, Joe Girardi, Rick Drogosz and Eric Geskermann of Mid-America represented the seller, Broad Reach Retail Partners, in the transaction. The buyer was Charleston, South Carolina-based Ziff Real Estate Partners.

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Rolesville Town Center
Investment salesNewsNorth Carolina

Prudent Growth Sells Rolesville Town Center Near Raleigh, North Carolina, for $4.5 Million

by Abby Cox

Rolesville, N.C. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold Rolesville Town Center, a 19,500-square-foot neighborhood shopping center located in Rolesville, a suburb of Raleigh. The property sold for $4.5 million. Tenants at the center include Megan Nails, Kruse Chiropractic, Black & White Coffee Roasters, Pizza Hut and Rolesville Equipment Co. Additional details of the transaction were not disclosed. Prudent originally purchased Rolesville Town Center in September 2021 for $3.1 million.

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Eola Crossing
IllinoisInvestment salesNews

Quantum Arranges $2.8 Million Sale of Retail Center in Aurora, Illinois

by Abby Cox

Aurora, Ill. — Locally based Quantum Real Estate Advisors Inc. has arranged the $2.8 million sale of Eola Crossing, a 14,238-square-foot retail center located in Aurora, roughly 40 miles west of Chicago. At the time of sale, the property was 90 percent leased to tenants such as Subway, Dunkin’, Wing Snob and Smile Family Dental. Dan Waszak and Brett Berlin of Quantum represented the seller, a Florida-based public REIT. The buyer was an Illinois-based private investor.

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The Headquarters
CaliforniaFinanceInvestment salesNews

JLL Negotiates $34.9 Million Sale of Waterfront Retail Center in San Diego

by Abby Cox

San Diego — JLL Capital Markets has arranged the $34.9 million sale and financing of The Headquarters, a 73,823-square-foot open-air shopping center in San Diego’s Marina District at the entrance to Seaport Village. A private real estate investment firm sold the property to a private real estate partnership. The Headquarters, formerly the San Diego Police headquarters complex, was completely repositioned in 2013 and features a mix of food and beverage, daily needs and apparel tenants. The property was 83.3 percent leased at the time of sale. Current tenants include Eddie …

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7-Eleven
CaliforniaInvestment salesNews

Marcus & Millichap Brokers $8 Million Sale of Single-Tenant Retail Property in Silicon Valley

by Abby Cox

Morgan Hill, Calif. — Marcus & Millichap has brokered the $8 million sale of a single-tenant retail property located at 18590 Skipper Lane in Morgan Hill. Built in 2021 on a 1.3-acre lot, 7-Eleven occupies the 3,700-square-foot property. Darpan Patel, James Defusto and Dan Yozwiak of Marcus & Millichap represented the seller in the deal. Tony Solomon of Marcus & Millichap served as broker of record in California.

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East River
DevelopmentLeasingNewsTexas

Three New Retail Tenants Open at East River Mixed-Use Development in Houston  

by Abby Cox

Houston — Three new tenants have opened at East River, a 150-acre, multi-phase mixed-use development underway in Houston. Ayna Jewels has debuted a 1,600-square-foot jewelry boutique, while Tomi Jewelry, an additional jewelry retailer at East River, has introduced its first store totaling 880 square feet. Meanwhile, the Houston Maritime Center and Museum will feature exhibits, artifacts and interactive displays within its newly redeveloped space overlooking the Buffalo Bayou Park. Restaurants such as La Calle Tacos and Laffa Mediterranean are scheduled to open this fall. Other tenants already operating at East River …

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Carriage Square
CaliforniaCompany newsNews

NewMark Merrill Cos. to Manage Carriage Square in Oxnard, California

by Abby Cox

Oxnard, Calif. — Calabasas, California-based NewMark Merrill Cos. has been selected to provide management services at Carriage Square, a 205,565-square-foot shopping center located in Oxnard. NewMark Merrill now owns and/or manages 110 shopping centers across California, Colorado and Illinois. Originally built in the 1960s, Carriage Square underwent a major redevelopment in 2011 to improve its existing retail space, such as constructing a new 171,069-square-foot retail pad for Lowe’s. Other tenants at the center, which is fully occupied, include KFC, IHOP, O’Reilly Auto Parts, 7-Eleven, Master’s Donuts and Pacific Oaks Federal …

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The Plaza at East Cooper
Grocery-anchoredInvestment salesNewsSouth Carolina

JLL Arranges $14.3 Million Refinancing for Shopping Center Near Charleston, South Carolina

by Abby Cox

Mount Pleasant, S.C. — JLL Capital Markets has arranged $14.3 million in refinancing for The Plaza at East Cooper, a 102,731-square-foot shopping center located in Mount Pleasant, roughly two miles from downtown Charleston. Eric Tupler, Rob Bova and Ellie Savage of JLL’s Debt Advisory team, along with Alexis Kaiser of JLL’s Charlotte office, represented the borrower, Bamoza LLC, in securing the loan through an insurance company lender. ALDI anchors The Plaza at East Cooper, which was 85 percent leased at the time of sale. Other tenants include Firehouse Subs, Batteries …

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Former NYT building
Investment salesNew YorkNews

Private Venture Acquires Retail Portion of Former New York Times Building for $28 Million, Plans Redevelopment

by Abby Cox

New York City — A Delaware-based private venture doing business as Forum at Times Square has acquired 245,419 square feet of retail space in the former New York Times building for $28 million. Jack Stillwagon and Doug Middleton of CBRE Capital Markets brokered the transaction. Jay Miller and AJ Felberbaum of BayBridge Real Estate Capital represented the buyer. Since 2020, the property’s mortgage has been in various stages of special servicing, foreclosure and receivership, prior to being acquired by the lender group in a 2024 foreclosure auction. The retail portion of the building — which …

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1220 SW 8th St. Miami, Florida
FloridaInvestment salesNews

Marcus & Millichap Brokers $4.2 Million Sale of Development Site in Miami

by Abby Cox

Miami — Marcus & Millichap has brokered the $4.2 million sale of an 11,042-square-foot development site located in the Little Havana neighborhood of Miami. Formerly home to the Wagon Wheel Motel, the site is situated within the Arts and Entertainment district. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, along with Nicholas Hassan, also of Marcus & Millichap.

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