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.
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.
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 …
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.
St. Petersburg, Fla. — A joint venture between AEW Capital Management (AEW), Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the seller. Publix anchors Disston Plaza, …
Rochester, Minn. — Mid-America Real Estate Corp. has brokered the sale of Broadway Commons, a 136,757-square-foot regional shopping center located in Rochester near the Mayo Clinic. Shadow anchored by Kohl’s and Walmart, the property was fully leased at the time of sale. Other tenants include Total Wine & More, DSW, Petco, Five Below, Michaels, Famous Footwear and Boot Barn. Joe Girardi, Amy Senn, Emily Gadomski and Bryce Thompson of Mid-America represented the seller, Epic Real Estate Partners, in the transaction. The buyer and sales price were not disclosed.
Pa. — Marcus & Millichap has negotiated the $27 million sale of a four-property Wawa convenience store portfolio in Pennsylvania. The portfolio includes two 5,000-square-foot buildings in Newtown and Pottstown; a 5,585-square-foot building in Warrington; and a 2-acre property in Fairless Hills. Scott Woodard and Derrick Dougherty of Marcus & Millichap brokered the sale on behalf of the 1031 exchange buyer, a Bucks County, Pennsylvania-based private investor. The sellers were a mix of large regional and local owners and developers.
Lexington, Ky. — The Palomar Group has facilitated the sale of North Park Marketplace, a 46,647-square-foot retail center located in Lexington. Ross Dress for Less anchors the property, which was 97 percent leased at the time of sale. Additional tenants include Rainbow Southeast Leasing, GameStop, Domino’s Pizza, Sally Beauty Supply and Sprint. An Arby’s outparcel is also located at the site. Steve Collins of The Palomar Group represented the seller, an affiliate of Yale Realty Services, in the transaction. The buyer was a Delaware Statutory Trust investor group.
Hoffman Estates, Ill. — Claire’s U.S., the operator of Claire’s and Icing stores across the United States, has filed for Chapter 11 bankruptcy protection in Delaware. The jewelry retailer listed both its liabilities and assets between $1 billion to $10 billion. Hoffman Estates-based Claire’s previously filed for Chapter 11 bankruptcy in 2018. Claire’s says that the proceedings will enable the company to immediately commence the monetization process for its assets to maximize value for the business. The retailer is continuing a comprehensive review of strategic alternatives, including discussions with potential …
Orlando, Fla. — Colliers has negotiated the sale of the Shoppes at South Semoran, a 103,830-square-foot retail center located in Orlando, six miles directly north of the Orlando International Airport. Originally built in 1986, the property was renovated in 2013 with façade enhancements, as well as signage and parking lot improvements. Walmart Neighborhood Market anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Dollar Tree, Wendy’s and Suncoast Credit Union. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, an affiliate of …
