Author

Abby Cox

Doral-Square
FloridaInvestment salesNews

Terra Arranges $74 Million Sale of Doral Square in South Florida

by Abby Cox

Doral, Fla. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank …

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3055-Shasta-View-Dr-Redding-CA
CaliforniaInvestment salesNews

SRS Real Estate Brokers $12.8 Million Sale-Leaseback of Retail Center in Northern California

by Abby Cox

Redding, Calif. — SRS Real Estate Partners has arranged the sale-leaseback of a retail property located at 3055 Shasta View Drive in Redding. North State Grocery sold the property to an undisclosed real estate investment trust for $12.8 million. Holiday Market occupies the 31,222-square-foot building on an absolute triple-net lease with 20 years remaining, including scheduled rent increases and multiple options to renew. The grocery store is part of the Holiday Marketplace that also includes Starbucks Coffee and Quick Quack Car Wash. Alexander Moore of SRS Capital Markets represented the …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Sigmund Cos. Acquires 84,373-Square-Foot Grocery-Anchored Center in Cary, North Carolina

by Abby Cox

Cary, N.C. — The Sigmund Cos. (TSC) has acquired Millpond Village, an 84,373-square-foot grocery-anchored center located in Cary, a suburb of Raleigh. TSC will operate the property as part of a joint venture with a Washington, D.C.-based institutional partner. Anchored by Publix, Millpond Village features other national tenants such as Dollar General and Starbucks. Berkeley Capital Advisors represented the seller in the transaction. CBRE will handle leasing at the center, while Cushman & Wakefield will provide management services.

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ArizonaInvestment salesNews

Time Equities Acquires Cactus Plaza in Metro Phoenix for $4.5 Million

by Abby Cox

Glendale, Ariz. — New York City-based Time Equities Inc. (TEI) has acquired Cactus Plaza, a 25,620-square-foot neighborhood shopping center in Glendale, roughly nine miles northwest of downtown Phoenix near the Arizona State University West Valley campus. Built in 1985, the center was 93 percent leased to a mix of restaurant, beauty and service-oriented tenants at the time of sale. Cactus Plaza marks the second retail property that TEI has acquired in the state. Ami Ziff, Jonathan Kim and Grant Scott internally represented TEI in the transaction. Chase Dorsett of Newmark represented …

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one-colorados-javiers
CaliforniaLeasingNews

Perform Properties Signs Six New Tenants to One Colorado in Pasadena, California

by Abby Cox

Pasadena, Calif. — Perform Properties has signed six new leases at One Colorado, a 240,000-square-foot urban lifestyle center in Pasadena. Contemporary Mexican restaurant Javier’s and New York-based fashion brand rag & bone are already open at the property. The recent openings coincided with the debut of the redesigned courtyard, which features a series of outdoor “rooms.” Meanwhile, various concepts such as Sundays, Monarch Athletic Club, Sockerbit and Thaim will launch in 2026. Additional tenants at One Colorado include The Cheesecake Factory, Anthropologie, Alo Yoga, The Container Store, Sephora and Vuori.

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Midtown64
DevelopmentMixed-useNews

Greenberg Gibbons Breaks Ground on $500 Million Midtown64 Mixed-Use Project in Richmond, Virginia

by Abby Cox

Richmond, Va. — Greenberg Gibbons has broken ground on Midtown64, a more than $500 million mixed-use development comprising 46 acres in Henrico County, located just outside downtown Richmond. Shamin Hotels is a joint venture partner for the project, which is being built on the former Genworth Financial headquarters campus. The personal finance firm signed a 175,000-square-foot office lease in late 2022 to move its headquarters to the SunTrust Business Center in the Richmond suburb of Glen Allen, Va. Located at the intersection of West Broad Street and I-64, Midtown64 will span 2 …

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Fairfield Town Center
Investment salesNewsTexas

Joint Venture Acquires 355,000-Square-Foot Fairfield Town Center in Metro Houston

by Abby Cox

Cypress, Texas — A joint venture between Charlotte, North Carolina-based Big V Property Group and Principal Asset Management has acquired Fairfield Town Center, a 355,000-square-foot power center located in Cypress, roughly 25 miles northwest of Houston. Tenants at the property, which was 99.5 percent occupied at the time of sale, includes HEB, Kohl’s, Academy Sports + Outdoors, Ross Dress for Less, HomeGoods and Cinemark, as well as various other smaller shops and restaurants. This acquisition marks Big V Property Group’s first institutional joint venture for the company.

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polo-club-shops-boca-raton
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Negotiates Sale of 134,832-Square-Foot Grocery-Anchored Shopping Center in Boca Raton, Florida

by Abby Cox

Boca Raton, Fla. — Cushman & Wakefield has negotiated the sale of Polo Club Shops, a 134,832-square-foot neighborhood center located in Boca Raton. The center is anchored by Publix, which completed a full demolition and reconstruction of its store in 2022, expanding the property by an additional 48,387 square feet. Publix is operating with a new 20-year lease. Other tenants at Polo Club Shops include Beignets & Brews, Brendy’s Ice Cream, Ernie’s Açai Bowls, First Watch, Peak Beauty Studio, Manhattan Joe’s Pizzeria, Pet Supermarket and Phenix Salon Suites. Mark Gilbert, Adam …

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2062-2072-W-Avenue-J-Lancaster-CA
CaliforniaInvestment salesNews

Hanley Investment Group Brokers $3.9 Million Sale of Multi-Tenant Retail Building in Southern California

by Abby Cox

Lancaster, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $3.9 million sale of a multi-tenant retail property located adjacent to Smart & Final Extra! at Antelope Valley Plaza in Lancaster. Located at 2062-2072 W. Ave. J, the 8,119-square-foot property is fully leased to a variety of tenants, including Pho Shop, Sub-Machine, Boba Tea, Salvadorian Restaurant, La Ramadita and The Best Ceviche. Antelope Valley Plaza offers 127,000 square feet of retail space. Ayda Kach and Sean Cox of Hanley Investment Group represented the seller, PacWest Management, in the …

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Princeton Plaza
Investment salesNewsTexas

Faris Lee Investments Arranges Sale of 11,266-Square-Foot Retail Center in Princeton, Texas

by Abby Cox

Princeton, Texas — Faris Lee Investments has arranged the sale of Princeton Plaza, a newly constructed 11,266-square-foot convenience retail center located in Princeton, roughly 40 miles north of Dallas. The property, which was fully occupied at the time of sale, includes a mix of tenants including Tropical Smoothie Café, Pizza Hut, Hotworx, Modern Nail Bar, Princeton Dental and 380 Smoke & Vape.  Nick Miller and Shaun Riley of Faris Lee Investments represented the buyer, a local investor, in the transaction. The purchase is being financed with a 50 percent loan-to-value …

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