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Abby Cox

Sugarloaf Village
GeorgiaInvestment salesNews

Prudent Growth Partners Acquires Sugarloaf Village in Suburban Atlanta for $7.3 Million 

by Abby Cox

Lawrenceville, Ga. — North Carolina-based Prudent Growth Partners has acquired Sugarloaf Village, a 32,000-square-foot shopping center located in Lawrenceville, for $7.3 million. Situated approximately 30 miles northeast of downtown Atlanta, the property was originally built in 2008 and features a mix of 17 tenants including lifestyle retailers and service providers. Other nearby retailers include AT&T, Starbucks Coffee, Publix, Target, Marshalls, ALDI, Home Depot, PetSmart, Hobby Lobby and Panera Bread. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller, a local private investor, in the transaction.

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ArizonaDevelopmentInvestment salesNews

JLL Arranges $42.5 Million Equity Placement for Papago Marketplace in Metro Phoenix

by Abby Cox

Scottsdale, Ariz. — JLL Capital Markets has arranged a $42.5 million equity placement for Papago Marketplace, a 55,500-square-foot mixed-use development located in the Phoenix suburb of Scottsdale. Patrick Dempsey and Quin Madden of JLL represented the developer, Pivot Development Co., in securing the equity placement on behalf of an undisclosed institutional advisor. A 23,343-square-foot Sprouts Farmers Market will anchor the project upon completion, which is scheduled for August 2026. Construction is expected to begin this month. Over the past five years, the development of Papago Marketplace has included a 276-unit luxury …

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CaliforniaInvestment salesNews

SRS Real Estate Partners Brokers Sales of Three Starbucks-Occupied Properties in California Totaling $10 Million 

by Abby Cox

Cathedral City, Temecula and Redding, Calif. — SRS Real Estate Partners has arranged the sales of three restaurant properties in separate transactions totaling $10 million. Starbucks Coffee occupies the three newly constructed drive-thru properties, which operate under long-term, corporate-guaranteed triple-net leases. The first transaction includes a 1,900-square-foot property in Cathedral City. A Northern California-based private investor acquired the café from a Newport Beach, California-based retail and restaurant development company for $3.7 million. Alexander Moore of SRS Capital Markets represented the buyer in the deal. The second transaction features a 3,600-square-foot property …

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TA Truck Stop
AlabamaDevelopmentNews

Forman Capital Provides $20 Million Construction Loan for Retail Travel Center Near Mobile, Alabama

by Abby Cox

Robertsdale, Ala. — Forman Capital has provided a $20 million construction bridge loan to LV Petroleum, the largest owner and operator of TA Travel Center franchises in the United States, for the redevelopment and completion of a retail travel plaza in Robertsdale. Formerly the Oasis Travel Center, the property has already been converted into a TA Travel Center with all facilities operating, except for diesel fuel sales. Situated about 27 miles east of Mobile, the 51-acre site features 26,797 square feet of retail space, including Subway and Sbarro restaurants, eight …

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The Ranch
ArizonaDevelopmentLeasingMixed-useNewsRestaurantsRetailers

Partnership Receives Final Approval for $1 Billion Mixed-Use Development in Gilbert, Arizona

by Abby Cox

Gilbert, Ariz. — A partnership between Las Vegas-based IndiCap, Salt Lake City-based Colmena Group and locally based Langley Properties has received final entitlement approval from the Town of Gilbert’s Planning Commission to begin construction for The Ranch, a proposed $1 billion mixed-use development in Gilbert. Situated near the Phoenix-Mesa Gateway Airport and Arizona State University’s Polytechnic Campus, The Ranch will span more than 295 acres and is anticipated to become Gilbert’s largest mixed-use development to date, according to the development team. The project is also expected to create roughly 6,000 jobs …

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Winter Garden Village
FloridaInvestment salesNewsPower centers

CBRE Brokers $165 Million Sale of Winter Garden Village Shopping Center in Central Florida

by Abby Cox

Winter Garden, Fla. — CBRE has brokered the sale of Winter Garden Village, a 629,326-square-foot power center located in Winter Garden, a western suburb of Orlando. The Orlando Business Journal reports that an affiliate of New York City-based RREEF Property Trust purchased the center for $165 million. Dennis Carson, Casey Rosen, Michael Etemad and Sriram Rajan of CBRE represented the seller, Beachwood, Ohio-based SITE Centers, in the transaction. Curbline Properties, an affiliate of SITE Centers, retained 130,563 square feet of single- and multi-tenant outparcels at Winter Garden Village. The retail …

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Valley Crossing
Investment salesNewsTexas

Optima Investments Acquires 178,594-Square-Foot Retail Center in Weslaco, Texas 

by Abby Cox

Weslaco, Texas — Optima Investments has acquired Valley Crossing, a 178,594-square-foot retail center located in the Rio Grande Valley city of Weslaco. JC Penney, T.J. Maxx and Petco anchor the center, which was 97 percent leased at the time of sale. Nearby retailers include Walmart Supercenter, Lowe’s, Academy Sports and H-E-B. Mark Witcher, Harrison Tye and Jolie Duhon of CBRE’s National Retail Partners represented the seller, Capcor Weslaco Ltd, in the transaction.

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Marketplace at Encino Park
Grocery-anchoredInvestment salesNewsTexas

JLL Arranges Sale of Marketplace at Encino Park in San Antonio

by Abby Cox

San Antonio — JLL has arranged the sale of Marketplace at Encino Park, an 85,129-square-foot shopping center located in San Antonio. Sprouts Farmers Market anchors the property, which was fully leased at the time of sale. Additional tenants include Pet Supplies Plus, Burger King and F45 Training. Built in 2019, the center is situated on roughly 13 acres. Barry Brown, Erin Lazarus, Shea Petrick and Whitney Snell of JLL’s Investment Sales and Advisory team represented the seller, locally based Birnbaum Property Co., in the transaction. The buyer was InvenTrust Properties.

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Mockingbird Central Plaza
Investment salesNewsTexas

DIG Negotiates Sale of 79,885-Square-Foot Shopping Center in Dallas 

by Abby Cox

Dallas — Disney Investment Group (DIG) has negotiated the sale of Mockingbird Central Plaza, a 79,885-square-foot shopping center located in the Highland Park area of Dallas. Situated near Southern Methodist University, the center is 98 percent leased and features a mix of 22 tenants including Whole Earth Provision, Jason’s Deli, Mattress Firm, Run On, Uptown Cheapskate and a recently signed Chipotle, which is expected to open in 2026. David Disney and Adam Crockett of DIG represented the locally based seller, Corsair Property Co., and procured the buyer, shopping center REIT Curbline …

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Paradise Esplanade
Investment salesNevadaNews

JLL Arranges $46.4 Million Sale of Paradise Esplanade in Las Vegas MSA

by Abby Cox

Paradise, Nev. — JLL Capital Markets has arranged the $46.4 million sale of Paradise Esplanade, a 58,727-square-foot neighborhood shopping center located in Paradise, roughly 11 miles south of the Las Vegas Strip and adjacent to the University of Nevada-Las Vegas. CVS Pharmacy and Ferraro’s Italian Restaurant & Wine Bar anchor the two-building property, which was 89 percent leased at the time of sale. Daniel Tyner and Gleb Lvovich of JLL’s Investment Sales and Advisory team represented the private seller in the transaction. The buyer was a Los Angeles-based private family office.

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