Santa Rosa, Calif. — Montgomery Village, a 280,000-square-foot shopping center located in the North Bay Area of Santa Rosa, has introduced its second wave of new tenants. The first wave of leases, which were announced earlier this year, included activewear retailer Vuori, as well as confectionary concepts Salt & Straw and Sprinkles. Additionally, eight more retail and restaurant concepts will join the tenant roster, including Blue Bottle Coffee, Bluemercury, Club Pilates, FACE FOUNDRIÉ, Fieldwork Brewing Company, FP Movement, Mendocino Farms and Sweetgreen. All 11 tenants are set to open within …
Norfolk, Va. — SLN Capital Markets, a division of S.L. Nusbaum Realty Co., has sold a 7,440-square-foot, three-tenant retail outparcel at Greenbrier Square in Norfolk for $3.4 million. Tenants at the retail strip center include La Hacienda Mexican Grill, Clover Nail Spa and Tobacco Land & Vape. This transaction marks SLN’s seventh retail parcel sold at the 254,000-square-foot grocery-anchored shopping center.
Fort Worth, Texas — A partnership between Trademark Property Co. and Swift Creek Partners has sold Waterside, a 68-acre mixed-use development located in Fort Worth. The Georgetown Co. purchased the property for an undisclosed price. The mixed-use development — which was 98 percent leased at the time of sale — features 157,791 square feet of retail space anchored by Whole Foods Market and REI. The property also includes 550 multifamily units, office space, a Residence Inn, townhomes and a community pavilion and gathering space. Chris Gerard, Barry Brown, Erin Lazarus …
Las Vegas — Phenix Salon Suites has six new locations in Vancouver, Washington; New York City; Schererville, Indiana; Long Beach, California; and Cedar Hill, Texas. The Las Vegas-based company began franchising in 2012 and has 400 locations open across 33 states with plans to expand internationally.
Colonial Heights, Va. — Legacy Realty Group Advisors has arranged the sale of Walthall Shopping Center, a 46,400-square-foot shopping center in Colonial Heights, roughly 20 miles outside Richmond. Built in 1988, the center is anchored by Food Lion. Additional tenants at the property include a salon, Excel Chinese Restaurant and Swan Cleaners. Jacob Baruch and Daniel Baruch of Legacy represented the undisclosed buyer. Steve Yoon of Champion Realty Investment represented the seller in the off-market transaction.
Monterey, Calif. — Federal Realty Investment Trust has acquired Del Monte Shopping Center, a 674,000-square-foot retail development located in Monterey, for $123.5 million. Originally built in 1967 and renovated in 2007, the center is situated on 47 acres. Whole Foods Market anchors the property, which was 83 percent leased at the time of sale. Other tenants at the center include Sephora, lululemon, Pottery Barn, Century Theatres, Macy’s and Anthropologie. According to Placer.ai, the development ranks among the top five percent of shopping centers in the United States for annual foot …
New York City and Atlanta — Global Net Lease Inc. has entered into a binding agreement to sell its multi-tenant retail portfolio of 100 non-core properties to a subsidiary of RCG Ventures Holdings LLC, for approximately $1.8 billion. The transaction represents an 8.4 percent cash cap rate. GNL says the transaction would accelerate its deleveraging initiative and position the company as a pure-play, single-tenant net lease (STNL) company. GNL launched its disposition initiative in 2024, with the objectives of significantly reducing debt, enhancing financial flexibility and lowering its cost of …
Portland, Ore. — Ethos Commercial Advisors has arranged acquisition financing for Eastport Plaza, a 275,518-square-foot shopping center located in Portland’s Jade District. The property is anchored by Ross Dress for Less, LA Fitness, Dollar Tree and a Regal movie theater. The undisclosed buyer recently backfilled a 28,000-square-foot space at the center, formerly occupied by JOANN Fabric and Crafts, with an undisclosed national tenant, bringing occupancy to 95 percent. Daniel Natsch and Matthew Illias of Ethos Commercial Advisors arranged the five-year, fixed-rate loan with a life insurance company. The loan financing …
Westlake, Ohio — Stark Enterprises has leased space to 11 tenants at Crocker Park, the locally-based developer’s mixed-use property in Westlake. A mix of retail and restaurant concepts — Color Me Mine; Garage; Océanne; State & Liberty; Ten Seconds Yunnan Rice Noodle; Tradehome Shoes; and Vera Bradley — have already opened or will be opening in March. Existing retail and office tenants including Arhaus, Palmer Holland and Lucky Shoes have expanded their locations or moved into larger spaces within the development. CPL Architecture, Engineering & Planning has also leased office …
El Centro, Calif. — CBRE has been selected to provide leasing and management services for Imperial Valley Mall, a 761,275-square-foot shopping center located in El Centro. Tryperion Holdings, Peak Financial Partners and Duke Real Estate acquired the center earlier this month, with plans to invest in facility operations and improvements to the physical infrastructure of the building. Joe Yetter and John Stevens of CBRE will manage leasing efforts for the property. Opened in 2005, Imperial Valley Mall is anchored by Dillard’s, JCPenney, Macy’s and a Cinemark Theatre.