Bloomingdale, Ill. — Quantum Real Estate Advisors has brokered the $4.2 million sale of a shopping center located in Bloomingdale, roughly 25 miles northwest of downtown Chicago. The property — which totals 25,000 square feet — was 95 percent leased at the time of sale. Brett Berlin of Quantum Real Estate represented the undisclosed seller in the transaction. The buyer was an Illinois-based private investor.
Doylestown, Pa. — Whole Foods Market will open a new 43,617-square-foot store in Doylestown, located 25 miles north of Philadelphia. The new location will feature more than 500 local items from the Mid-Atlantic region, offering customers certified organic produce, a selection of wines and beers, a Whole Foods-curated grocery section and wellness, beauty and lifestyle items. Additionally, the store will include a full-service seafood counter, full-service meat counter, specialty cheese department, hot food bar and bakery. The new location will open March 13.
Cypress, Texas — Fort Worth-based Trademark Property Co. plans to develop a mixed-use retail and restaurant district in the Dunham Pointe Development, a 1,300-acre master-planned community in the Houston suburb of Cypress. The Dunham Pointe Development will feature a mix of residential, office, retail and commercial facilities and have a total of 2,500 custom-built homes. The community will also include a public school. The mixed-use portion of the project will total 205,000 square feet and span 25 acres. According to Trademark, 48 retail, dining and lifestyle tenants have submitted preliminary …
Surprise, Ariz. — JLL has arranged $16.5 million in senior financing for Sterling Grove Shopping Center, a 106,000-square-foot grocer-anchored retail property located in Surprise, roughly 30 miles northwest of Phoenix. Developed in 2023, the center is situated on 19 acres and features a 63,290-square-foot Safeway as the anchor tenant, as well as 22,500 square feet of connected retail space spanning five buildings. Additional tenants at the property — which was fully leased at the time of sale — include a Safeway Fuel station, McDonald’s, Starbucks Coffee and Taco Bell. …
Columbus, Ga. — Mount Pleasant, South Carolina-based Ziff Real Estate Partners (ZRP) has sold St. Francis Marketplace, a 63,607-square-foot shopping center located in Columbus. Planet Fitness anchors the center. Other tenants at the property include Rent-A-Center, Kool Smiles, Franklin Dental & Braces and Jersey Mike’s Subs. ZRP originally acquired the center in 2015 and has completed various upgrades to the property over the past 10 years. Steve Collins and Brent Hadden of The Palomar Group represented ZRP in the transaction. The buyer and sales price were not disclosed.
Santa Clarita, Calif. — Gantry has arranged two loans totaling $46.5 million for the financing of The Plaza at Golden Valley, a 600,000-square-foot power center in Santa Clarita, 30 miles north of Los Angeles. The non-recourse loans carry a fixed-rate, 10-year term with a 30-year amortization schedule. Gantry will service the loans. The center is shadow-anchored by Target, Lowe’s and Kohl’s. Other tenants at the property include Trader Joe’s, Staples, BevMo!, T.J. Maxx, Panera Bread, Chili’s Grill & Bar, PetSmart, Popeyes, McDonald’s, Chipotle, Bath & Body Works, Daiso, The Habit …
Latham, N.Y. — Institutional Property Advisors (IPA) has brokered the sale of a grocery-anchored shopping center for $26.9 million in Latham, roughly eight miles outside Albany. Built in 2010, the center totals 120,049 square feet and is anchored by The Fresh Market. Approximately 24,000 square feet is available for lease. Other tenants at the property include Petco and Crumbl Cookies. Jim Koury of IPA represented the seller, Shaker Louden Associates, and procured the buyer, PCP Binghamton Associates LLC, in the transaction.
Houston — Marcus & Millichap has arranged the sale and financing of Beechnut Village, a 62,990-square-foot retail center located in Houston. The property — which was fully leased at the time of sale — features 15 tenants operating on a triple-net lease basis, including medical offices, discount retailers and food and beverage businesses. La Michoacana Meat Market anchors the center. Scott Abeel and Philip Levy of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller and procured the buyer, a local private investor, in the transaction. Jamie …
Plano, Texas — Dallas-based Centennial has revised its redevelopment plans for The Shops at Willow Bend, a 1.4 million-square-foot super-regional mall in Plano, to include townhomes and single-family residences. Centennial’s late 2024 acquisition of the Macy’s building at the center — following the retailer’s closure announcement of the location — has enabled the company to add the additional uses. Centennial previously unveiled plans to convert the enclosed center to a mixed-use property called The Bend. Under the plans, a portion of the enclosed mall’s footprint will be demolished to make room for …
Charlotte, N.C. — Los Angeles-based Westwood Financial has acquired Eastway Square, a 130,156-square-foot grocery-anchored shopping center in Charlotte. Tenants at the property include Ross Dress For Less, America’s Best, Papa Johns Pizza, Subway, Wingstop, Rainbow Shops, DentalWorks, Hibbett Sports, Showmars and Food Lion, which anchors the center. Berkley Capital Advisors brokered the sale. The price was not disclosed. Eastway Square joins Westwood Financial’s portfolio of grocery-anchored shopping centers in Charlotte including Prosperity Village Square, Steele Creek Crossing, Steelecroft Shopping Center and The Arbors at Mallard Creek.
