Burlington, N.C. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Alamance Crossing, a 456,742-square-foot retail center located in Burlington. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk anchor the center. Additional retailers at the property comprise a mix of restaurant, fitness, beauty, jewelry and service-based tenants including Buffalo Wild Wings, Tropical Smoothie Café, Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks. Tom Dobrowski of Newmark’s Capital Markets Group represented the undisclosed seller.
Manassas, Va. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, …
Nashville, Tenn. — JLL Capital Markets has arranged the $50 million sale of Edgehill Village, a 58,468-square-foot mixed-use property located in Nashville’s Music Row district. Originally built in 1920 and 1934 and renovated in 2016, the property is leased to a mix of retail, restaurant and office tenants including Van Leeuwen Ice Cream, Barcelona, Consider the Wldflwrs, Warby Parker, NoBaked Cookie Dough, Ralph Lauren and Vow’d. Brad Buchanan and Jim Hamilton of JLL’s Investment Sales and Advisory team represented the seller, Asana Partners, in the transaction.
Fort Lee, N.J. — New Jersey-based The Goldstein Group has brokered the $37 million sale of Washington Bridge Plaza, a 47,000-square-foot retail center located in the Northern New Jersey community of Fort Lee. Walgreens anchors the property. Other tenants at the center include The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journée Bakery, Revolving Sushi, Punta Cana, 101 Chicken and Pho Today. CJ Huter, Marc Palestina and Lew Finkelstein of The Goldstein Group represented the 1031-exchange buyer, Young Property LLC, in the transaction. Baruch Herman of …
Watchung, N.J. — A new ShopRite store has opened at Blue Star Shopping Center in Watchung. The supermarket spans 72,000 square feet and is the anchor of the 420,000-square-foot shopping center. Dubbed the “New Star of Blue Star,” the store — which replaced an older ShopRite at the center — will offer customers chef-prepared meals, specialty and premium items, meat and seafood options, hand-rolled sushi and a soup and coffee bar. Village Super Market has owned and operated the ShopRite store at Blue Star Shopping Center since 1980. Additional tenants …
Glendale, Ariz. — Diversified Partners has broken ground on Shops at the Cardinal, a 25,000-square-foot shopping center located in Glendale, approximately nine miles northwest of Phoenix. Situated near State Farm Stadium, the $20 million project will span nine acres and feature a mix of retail and restaurant concepts, as well as multiple drive-thru options and outdoor seating. Confirmed tenants at the property — which is nearing full lease-up — include Swig; Señor Taco; Nautical Bowls; Starbucks Coffee; Bonchon; Pacific Dental Services; La Botana; Jeremiah’s Italian Ice; a Mexican sushi concept; a nail …
North Miami, Fla. — Avison Young has arranged the $16 million sale of Sans Souci Plaza, a 47,350-square-foot retail property located in North Miami. This acquisition marks the first time the center has been sold. Situated at 2104 and 2222 NE 123rd Street, the property comprises two buildings constructed in 1974 and 1976. Zaika Indian Cuisine and Catch Specialty Fish Market anchor the property. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé and Philip Shapiro of Avison Young represented the seller, Matthews Real Estate Partners, …
Atlanta — Marcus & Millichap has arranged the $9 million sale of Red Oak Village, a 75,011-square-foot multi-tenant retail center located in Atlanta. Situated roughly five miles from Hartsfield-Jackson Atlanta International Airport, the four-building property spans 9.9 acres. The center is leased to 22 tenants including Family Dollar, Wayfield Foods, T-Mobile and the U.S. Postal Service. Salim Valiani and Alex Goodale of Marcus & Millichap’s Orlando office marketed the property on behalf of the seller, Y & H Property Inc., and procured the 1031-exchange buyer, BJ & Properties LLC, in …
Florissant, Mo. — First National Realty Partners (FNRP) has acquired Florissant Marketplace, a 146,257-square-foot shopping center located in the northern St. Louis suburb of Florissant. Situated on roughly 20 acres, the center was originally developed in 1973 and renovated in 2018. The property is anchored by a 70,262-square-foot Schnucks grocery store and was 98 percent leased at the time of sale. Additional tenants at the center include Crunch Fitness, Pet Supplies Plus, Wingstop and AT&T. Chase Young of CBRE represented the undisclosed seller in the transaction. With this acquisition, FNRP’s …
Los Angeles — Bolour Associates has acquired a retail center in the Silver Lake neighborhood of Los Angeles for $6.5 million. Located at 2829-2843 Hyperion Ave., the center was originally built in 1986 and totals 9,884 square feet. The property was 50 percent leased to a mix of tenants including Pinkberry, Standing Egg Coffee, Cats & Dogs and The Village Vet at the time of sale. Additionally, Bolour plans to complete both exterior capital improvements and interior tenant improvements at the property. Oron Maher of Maher Commercial Realty represented the seller …