Richland Hills, Texas — STRIVE has brokered the sale of an 8,000-square-foot retail property in Richland Hills. Dollar General occupies the building. Michael Crovetti and Adam Gottschalk of STRIVE represented the seller and procured the local buyer.
Columbus, Ohio — First National Realty Partners (FNRP) has signed three leases at Carriage Place Shopping Center, a 280,910-square-foot shopping center located in Columbus, bringing the center to 99 percent occupancy. The leases are with tenants Fun City Adventure Park, Pet Supplies Plus and Port of Peri Peri. Fun City Adventure Park — which occupies 35,540 square feet — opened at the property in 2024, replacing a Cinemark theater. Restaurant chain Port of Peri Peri is expected to open at the end of 2025, and Pet Supplies Plus is set …
Georgia and Alabama — Secure Properties has acquired a 12-property portfolio of Burger King-occupied restaurants across Georgia and Alabama for $20 million. The properties are leased to four tenants — including three franchisees and Burger King Corp., which operates four of the properties. Each of the properties is occupied on a long-term, triple-net-lease basis.
San Antonio — The Sembler Co. and Forge Capital Partners have acquired Lone Oak Shopping Center, a 104,485-square-foot retail center located in San Antonio. The partnership purchased the property for an undisclosed price through its Forge Real Estate Partners V (FREP) investment fund. The retail center — which was fully leased at the time of sale — is anchored by an H-E-B grocery store. Additional tenants at the property include Citi Trends, Hibbett Sports, The Smile Center, H&R Block, Metro by T-Mobile, Little Caesars and Ace Cash Express. Sembler Co. …
Panama City, Fla. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Built in 2023, the center is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. Shops at Bay City Point is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a …
Boasting strong, steady real estate fundamentals, unanchored shopping centers remain in high demand — but good luck finding available product to acquire. Investment sales for anchored and unanchored open-air centers remain strong — thanks to their unwavering, stable fundamentals. What makes open-air strips a desirable property type is they are both recession-proof and internet-proof — meaning people will always need the product or service, and they can’t get it online. Rob Holuba, managing director of CenterSquare Investment Management, has a name for these irreplaceable spaces: Essential Service Retail (ESR). In …
Manchester, N.H. — Horvath & Tremblay has arranged the $5.2 million sale of South Willow Shops, a 9,869-square-foot retail center located in Manchester, approximately 18 miles south of Concord. Originally built in 1988, the property is fully leased to four tenants including Chipotle Mexican Grill, Mattress Firm, Hannoush Jewelers and The Great Greek Mediterranean Grill. All tenants at the center operate on net leases with scheduled rent increases. Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay represented the seller and procured the buyer in the transaction.
West Chester Township, Ohio — A partnership between Sansone Group and Clous Road Partners has broken ground on Village North, a 90,000-square-foot retail project in West Chester Township, approximately 17 miles north of Cincinnati. Upon completion, the 12.6-acre development will feature five buildings and be anchored by a 40,000-square-foot Whole Foods Market. Buffalo Construction is serving as the general contractor, and Cushman & Wakefield will manage leasing for the project. Village North is scheduled to open in 2026.
Clifton, N.J. — Five new tenants have signed leases to join The Promenade Shops at Clifton, a 160,000-square-foot shopping center located in Clifton, roughly 10 miles west of New York City. Sephora, J. Alexander’s, Paris Baguette and VIO Med Spa have already opened at the property, with Ann Taylor scheduled to open a factory outlet at the center in October 2025. Additionally, four existing tenants at the center — Chicos, LA Fitness, PNC Bank and CityMD — have extended their leases. The shopping center — which opened in 2008 — …
Melbourne, Fla. — CrownPoint Partners has brokered the $7.4 million sale of a newly constructed, 22,686-square-foot single-tenant retail property in Melbourne. Tractor Supply Co. occupies the building — which was built in 2022 — and features an expanded lawn and garden center, as well as an on-site pet wash station. The property is net leased, with more than 13 years remaining on the corporate-guaranteed lease. Julius Swolsky and Shannon Bona of CrownPoint Partners represented both the seller, developer Primax Properties LLC, and the buyer, Nice Realty South LLC, in the …