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Abby Cox

Lenox-Square-Atlanta
GeorgiaLeasingNews

Simon Introduces 18 New and Expanded Retailers at Lenox Square in Atlanta

by Abby Cox

Atlanta — Simon has introduced 18 new and expanded retailers debuting at Lenox Square, a 1.5 million-square-foot super-regional center located in Atlanta’s Buckhead district. Nine of the tenants are now open and operating at Lenox Square, including three expanded stores: Rolex, Burberry and Ferragamo. The other six open stores are Good American, AllSaints, Ray-Ban, Rowan, Starbucks Coffee and Claire’s. Nine more concepts are set to open later this year, including IWC, Panerai, Mejuri, Cole Haan, Garage, Lovisa, Levi’s, Kelly’s Cajun Grill and Great American Cookie Company/Marble Slab. David Vinehout serves …

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Lakewood Center
CaliforniaDevelopmentInvestment salesNews

Joint Venture Acquires 2 Million-Square-Foot Lakewood Center in Southern California, Plans Redevelopment

by Abby Cox

Lakewood, Calif. — A joint venture between Pacific Retail Capital Partners, Lyon Living and Silverpeak has acquired Lakewood Center, a 2 million-square-foot super-regional shopping center located about 23 miles southeast of Los Angeles. The joint venture plans to redevelop the property to feature elevated retail and dining options, integrated residential living opportunities, wellness amenities, green spaces and entertainment offerings. The timeline and additional design elements will be disclosed as the project progresses. Lakewood Center originally opened in 1952 and spans nearly 150 acres. According to Wikipedia, the center is ranked among …

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multi-tenant retail pad
CaliforniaInvestment salesNews

Hanley Investment, Oaks Commercial Arrange $4.8 Million Sale of Retail Property in Metro Los Angeles

by Abby Cox

Diamond Bar, Calif. — Hanley Investment Group Real Estate Advisors and Oaks Commercial Real Estate has arranged the $4.8 million sale of a multi-tenant retail pad property in Diamond Bar, roughly 27 miles east of downtown Los Angeles. Built in 2016, the 4,767-square-foot building is fully leased to three tenants: Jimmy John’s, Crumbl Cookies and Starbucks Coffee. Bill Asher and Jeff Lefko of Hanley, along with Fred Encinas of Oaks Commercial Real Estate, represented the seller, a Las Vegas-based private partnership, in the transaction. Arman Mahmoodi of BeachRock Group represented …

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7-Eleven
CaliforniaInvestment salesNews

RealSource Group Negotiates Sale of 3,795-Square-Foot Single-Tenant Retail Property in Oakley, California

by Abby Cox

Oakley, Calif. — Newport Beach, California-based RealSource Group has negotiated the sale of a single-tenant retail property located in Oakley. A 7-Eleven convenience store occupies the 3,795-square-foot building on a triple-net ground lease basis, which has more than nine years remaining on its initial 15-year term. Built in 2019, the property sits on nearly 1.3 acres and is situated adjacent to a McDonald’s and Quick Quack Car Wash. Jonathan Schiffer and Austin Blodgett of RealSource Group represented the seller, California Capital & Investment Group. The buyer, 7-Eleven, Inc., purchased the store …

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Investment salesNew YorkNews

Dragos Capital Acquires 18 CVS-Leased Pharmacies

by Abby Cox

Buffalo, N.Y. — Buffalo, New York-based Dragos Capital has acquired a portfolio of 18 retail properties leased to CVS Pharmacy. The portfolio has a current estimated value of roughly $75 million, according to Dragos representatives. An undisclosed 1031 exchange investor was the seller. All properties are under long-term leases with the pharmaceutical company, which is currently looking to sell approximately 3.4 million square feet of space, as reported by Commercial Search.

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Foothill Shopping Center
ArizonaGrocery-anchoredInvestment salesNews

Newmark Arranges $10.3 Million Sale of Foothill Shopping Center in Phoenix

by Abby Cox

Phoenix — Newmark has arranged the $10.3 million sale of Foothill Shopping Center, a 78,186-square-foot shopping center in Phoenix. Steve Julius, Jesse Goldsmith and Chase Dorsett of Newmark represented the Houston-based seller, SClay Management, which owned the property for nearly 50 years, in the transaction. The buyer was Lena Centers, a Boston-based investment firm that specializes in acquiring community-based grocery-anchored shopping centers across the country. CNG Ranch Market anchors Foothill Shopping Center, which includes a mix of additional tenants such as Harbor Freight Tools, Sun Star Buffet, H&R Block, TitleMax and Cricket Wireless. …

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Parkside Collective
ColoradoInvestment salesNews

JLL Negotiates Sale of 24,985-Square-Foot Retail Strip Center in Metro Denver

by Abby Cox

Aurora, Colo. — JLL Capital Markets has negotiated the sale of Parkside Collective, a 24,985-square-foot retail strip center in Aurora, a suburb located 15 miles east of downtown Denver. Situated within a larger mixed-use development known as Parkside at City Center, the three-building retail property was 86 percent leased at the time of sale to a mix of national and local tenants, including Five Guys, Cheba Hut and Einstein Bros. Bagels. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller, an entity doing business as …

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two-tenant retail pad property
CaliforniaInvestment salesNews

Faris Lee Investments Brokers $6.1 Million Sale of Two-Tenant Retail Property in Southern California

by Abby Cox

Palm Desert, Calif. — Irvine, California-based Faris Lee Investments has brokered the $6.1 million sale of a two-tenant retail property located at the corner of Highway 111 and Fred Waring Drive in Palm Desert. SchoolsFirst Federal Credit Union and T-Mobile occupy the 7,400-square-foot building. Chris DePierro, Jeff Conover, Don MacLellan, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller, Sage Investments, in the transaction. The all-cash, 1031 exchange buyer was a Southern California-based private investor. This deal marks the 25th property Faris Lee Investments has sold in the Palm …

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Autumn Heights
Investment salesNewsTexas

Boomslang Ventures Sells 13,949-Square-Foot Shopping Center Near San Antonio

by Abby Cox

Converse, Texas — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail center located in Converse, roughly 14 miles northeast of San Antonio. Originally built in 2020 on 2 acres, the center was fully leased at the time of sale. Tenants at the property include Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor.

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Ella Plaza
Investment salesNewsTexas

Northmarq Arranges Sale of 82,073-Square-Foot Shopping Center in Houston

by Abby Cox

Houston — Northmarq has arranged the sale of Ella Plaza, an 82,073-square-foot shopping center located at 1319 Cypress Creek Parkway in Houston. Advance Auto Parts, CSL Plasma and the Harris County Public Health Department anchor the property, which was 90 percent occupied at the time of sale. Additional nearby retailers include Kroger, AT&T, Starbucks Coffee, Chick-fil-A, Subway, dd’s Discounts, Ross Dress for Less, Wingstop, CVS Pharmacy, Walgreens and Whataburger. Originally built in 2005, the center sits on roughly 7 acres. Riley Sharman of Northmarq’s Investment Sales team represented the 1031 exchange …

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