Paterson, N.J. — Marcus & Millichap has brokered the $5.3 million sale of a 12,892-square-foot retail property located at 385 McLean Blvd. in the northern New Jersey community of Paterson. Bank of America and Wingstop anchor the fully leased center, which features a mix of additional tenants including Krauszer’s, Tony’s Bagels, Mina Place and Crispy Beauty. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer in the transaction.
Beavercreek, Ohio — A joint venture between Spinoso Real Estate Group and Kize Capital has acquired The Mall at Fairfield Commons, a 1 million-square-foot regional shopping center located in Beavercreek, approximately 10 miles east of Dayton. The seller was Washington Prime Group, according to Dayton Daily News. Dillard’s — which is scheduled to open in March 2026 — along with Dick’s House of Sport, JCPenney, Morris Furniture and Round1 anchor The Mall at Fairfield Commons. Additional tenants at the property include American Eagle, H&M, Victoria Secret, Bath & Body Works, Hollister, …
San Juan Capistrano, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $9.2 million sale of Rancho Ortega Plaza, a 23,122-square-foot retail strip center located in San Juan Capistrano, roughly 55 miles south of Los Angeles. Starbucks Coffee anchors the two-story property, which was 89 percent leased at the time of sale. Other tenants include Tannins Wine Bar & Restaurant, Bella Nails and Ortega Dental Care. Rancho Ortega Plaza was built in 2004 on 2.2 acres. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the seller, an …
Salisbury, N.C. — First National Realty Partners (FNRP) has purchased Salisbury Marketplace, a grocery-anchored shopping center located in Salisbury, about 35 miles outside Charlotte. A 31,762-square-foot Food Lion anchors the property, which also houses Citi Trends, Family Dollar and Cricket Wireless. The property offers 9,300 square feet of contiguous vacancy, according to FNRP. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed.
Niles, Ill. — New York City-based KPR Centers has acquired Pointe Plaza, a 195,000-square-foot shopping center located in Niles, roughly 15 miles north of downtown Chicago, for $40 million. A Fresh Farms grocery store anchors the property, which was 94 percent leased at the time of sale. Other tenants include Ross Dress for Less, dd’s Discounts, Daiso, America’s Best Contacts & Eyeglasses, Bath & Body Works, Crumbl Cookies and Verizon Wireless, along with multiple free-standing outparcels such as Chick-fil-A, Walgreens and Wells Fargo. Richard Frolik, Christian Williams and George Good …
Rancho Cordova, Calif. — JLL Capital Markets has negotiated the $20.3 million sale of Cordova Village, a 60,617-square-foot Safeway-anchored retail center in Rancho Cordova, roughly 13 miles east of downtown Sacramento. The property features three single-tenant buildings, which were fully leased at the time of sale to tenants including Safeway, Safeway Fuel Station and Bank of America. Cordova Village was built in 2001 on 7.2 acres. Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL’s Investment Sales and Advisory team represented the seller, McNellis Partners, in the transaction. The buyer was an undisclosed …
Rialto, Calif. — NewMark Merrill Cos. has sold Rialto Village, a 92,000-square-foot shopping center located in the Inland Empire city of Rialto. NewMark Merrill — which developed and constructed the center — will continue to manage the property on behalf of the buyer, Langdon Street Capital. Chris Renard of Commercial Realty Consultants arranged acquisition financing for the deal. Reza Etedali, Ramez Barsoum and Aaron Bettencourt of REZA Investment Group represented NewMark Merrill and Langdon Street Capital, while Sandy Sigal, James Patton, Brad Pearl and Sandra Kist of NewMark Merrill oversaw the transaction. …
Kansas City, Mo. and Overland Park, Kan. — A group of private investors led by LANE4 Property Group has acquired three Kansas City-area shopping centers totaling 421,546 square feet previously owned by MD Management. LANE4 initiated the transaction and structured a recapitalization that allowed some of MD’s investors to remain in the partnership while other owners were able to sell their interests. The portfolio includes Metro North Square in Kansas City, Oak Barry Center in Kansas City and West Park Shopping Center in Overland Park. The properties have been owned …
Azusa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant retail property in Azusa, approximately 27 miles northeast of downtown Los Angeles. Los Angeles-based California Icon LLC sold the property to Glendale, California-based MTSA Properties for $4.3 million. Starbucks Coffee occupies the 3,800-square-foot building on a new long-term absolute triple-net lease. The building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. Bill Asher …
San Diego — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The …
