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Abby Cox

World Cup Plaza
Investment salesNewsTexas

Whitestone REIT Buys World Cup Plaza in Frisco, Texas

by Abby Cox

Frisco, Texas — Whitestone REIT has purchased World Cup Plaza, a 90,391-square-foot retail center in Frisco. Developed in 2007, the property comprises a mix of retailers and restaurants including Blue Goose Cantina, The Green Gator, The NOW Massage, Hikari Sushi & Grill, Lemma Coffee Roasters, Rotate Bar & Kitchen, Frisco Soccer Association and Wells Fargo Bank. World Cup Plaza is also situated adjacent to Toyota Stadium, a 21,000-seat stadium is home to FC Dallas, the Frisco-based professional soccer team. The stadium is currently undergoing a $182 million renovation and will serve …

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La Plaza La Jolla
CaliforniaInvestment salesNews

CBRE Brokers $10.2 Million Sale of La Plaza La Jolla in San Diego

by Abby Cox

San Diego — CBRE has arranged the ground lease sale of La Plaza La Jolla, a multi-tenant retail property located at 7863-7877 Girard Ave. within La Jolla Village in San Diego. A private family office acquired the property from La Plaza Investment for $10.2 million. Built in 1986 and renovated in 2015, the 28,866-square-foot property is fully leased to a mix of restaurant, boutique and experiential tenants. Michael Peterson, Reg Kobzi and Jimmy Slusher of CBRE represented the seller in the transaction.

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Marketplace Beaumont
ArizonaCaliforniaInvestment salesNews

TriPost Capital Partners with Brixton to Acquire Stake in Grocery-Anchored Retail Portfolio

by Abby Cox

Beaumont, Calif. and Phoenix — TriPost Capital Partners has acquired a stake in a two-property, grocery-anchored retail portfolio, in partnership with existing owner Brixton Capital LLC. The first property, Marketplace Beaumont in Beaumont, California, totals 177,000 square feet and is 99 percent occupied. Aldi anchors the center, which includes a mix of other tenants including Ross, HomeGoods and Best Buy. The second property, Palmilla Center in Phoenix, encompasses 104,000 square feet and is shadow anchored by Fry’s Food and Drug. The center is 99 percent leased to retailers such as OfficeMax, …

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Terra-Nova_Terrell-Texas
DevelopmentMixed-useNewsTexas

Main Square Development Receives Approval for $3 Billion Master-Planned Community in Dallas-Fort Worth Metroplex

by Abby Cox

Terrell, Texas — Main Square Development has announced that the company has received approval from the Terrell City Council for the development of Terra Nova, a new $3 billion master-planned community.  Situated roughly 30 miles east of Dallas, the development will feature 1,200 multifamily units and a 48-acre mixed-use district, as well as 3,600 single-family homes. The mixed-use component of the development will include 200,000 square feet of shops, restaurants and offices anchored by a main square.  Terra Nova will also feature 145 acres of parks and trails, including 27 …

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550 Arsenal Street
Investment salesMassachusettsNews

JLL Arranges $83 Million in Financing for 260,867-Square-Foot Shopping Center in Suburban Boston

by Abby Cox

Watertown, Mass. — JLL Capital Markets has arranged $83 million in financing for the acquisition of 550 Arsenal Street, a 260,867-square-foot shopping center located in the Boston suburb of Watertown. Anchored by Target, 550 Arsenal Street is situated adjacent to Arsenal Yards, a roughly 1 million-square-foot mixed-use development. Additional tenants include Best Buy, the Massachusetts Registry of Motor Vehicles and Chase Bank. Henry Schaffer, Andrew Gray, Sam Wiesman and Joe Marinaro of JLL arranged the fixed-rate loan through Wells Fargo on behalf of the borrower, National Development.

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Village at Westfork
GeorgiaInvestment salesNews

Columbia Properties Acquires Grocery-Anchored Shopping Center in Metro Atlanta for $14.2 Million

by Abby Cox

Lithia Springs, Ga. — Columbia Properties has acquired Village at Westfork, a 75,947-square-foot, grocery-anchored shopping center located in Lithia Springs, roughly 20 miles west of downtown Atlanta, for $14.2 million. Built in 1994, Village at Westfork comprises 12 tenant suites and was fully leased at the time of sale. A 54,322-square-foot Kroger anchors the property, which also houses JPMorgan Chase, The UPS Store, H&R Block and Cricket Wireless. Jim Hamilton, Brad Buchanan, Andrew Kahn and Charlie Merrigan of JLL represented the seller, KPR Centers, in the transaction.

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Food Fair Shopping Center
FloridaInvestment salesNews

Ocean Bank Provides $16 Million in Refinancing for Food Fair Shopping Center in Metro Miami

by Abby Cox

Key Biscayne, Fla. — Ocean Bank has provided $16 million for the refinancing of Food Fair Shopping Center, a 23,793-square-foot retail center located off the coast of Miami on Key Biscayne Island. Originally built in 1965 on 1.7 acres, the property is anchored by CVS Pharmacy. Other tenants include Sir Pizza and a dry cleaner. T. George Harduvel of Ocean Bank arranged the loan.

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Grocery-anchoredInvestment salesNewsPennsylvania

CBRE Brokers Sale of 63,392-Square-Foot Shopping Center in Lancaster, Pennsylvania

by Abby Cox

Lancaster, Pa. — CBRE has brokered the sale of The Shops at Prospect, a 63,392-square-foot shopping center in Lancaster, located roughly midway between Philadelphia and Harrisburg. Grocer Giant anchors the center, which is also home to tenants such as Penn State Health and Hillcrest Pharmacy. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, Brixmor Property Group, in the transaction. Bennett Williams Commercial represented the buyer, Deerin Cos.

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Spalding Village
GeorgiaInvestment salesNews

Matthews Arranges Sale of 222,017-Square-Foot Spalding Village in Metro Atlanta

by Abby Cox

Griffin, Ga. — Matthews has arranged the sale of Spalding Village, a 222,017-square-foot neighborhood shopping center located in Griffin, roughly 40 miles south of Atlanta. The property was fully leased at the time of sale to tenants including Hobby Lobby, Ross Dress for Less, Goodwill and Ollie’s Bargain Outlet. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the seller, Big V Property Growth, in the disposition of the property to Aggarwal Real Estate.

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Forks Town Center
Grocery-anchoredInvestment salesNewsPennsylvania

CBRE Negotiates Sale of 100,250-Square-Foot Shopping Center in Easton, Pennsylvania

by Abby Cox

Easton, Pa. — CBRE has negotiated the sale of Forks Town Center, a 100,250-square-foot shopping center located in the Lehigh Valley city of Easton. Giant Food anchors the center, which was fully leased at the time of sale. Additional tenants include Dunkin’, PNC Bank, Fine Wine & Good Spirits and Verizon Wireless. Nike Equities was the buyer. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE’s National Retail Partners team represented the seller, JC Bar Properties Inc., in the transaction.

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