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Abby Cox

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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Disston Plaza
FloridaGrocery-anchoredInvestment salesNews

Joint Venture Acquires 129,150-Square-Foot Shopping Center in St. Petersburg, Florida, for $31.4 Million

by Abby Cox

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, …

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Broadway Commons
Investment salesMinnesotaNews

Mid-America Brokers Sale of Broadway Commons in Rochester, Minnesota

by Abby Cox

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.

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Wawa in Newtown, Pa.
Investment salesNewsPennsylvania

Marcus & Millichap Negotiates $27 Million Sale of Wawa Portfolio in Pennsylvania

by Abby Cox

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.

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North Park Marketplace
Investment salesKentuckyNews

Palomar Group Facilitates Sale of 46,647-Square-Foot Retail Center in Lexington, Kentucky

by Abby Cox

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.

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Claire's store
Company newsFinanceIllinoisNews

Claire’s Files for Chapter 11 Bankruptcy Again for U.S. Operations, Aims to Close Underperforming Stores

by Abby Cox

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 …

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Walmart Neighborhood Market
FloridaGrocery-anchoredInvestment salesNews

Colliers Negotiates Sale of 103,830-Square-Foot Retail Center in Orlando, Florida

by Abby Cox

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 …

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ArizonaInvestment salesNews

Cohen & Steers, Sterling Organization Acquire Deer Valley Towne Center in Metro Phoenix 

by Abby Cox

Deer Valley, Ariz. — A joint venture between Cohen & Steers Income Opportunities REIT (CNSREIT) and Sterling Organization has acquired Deer Valley Towne Center, a 159,000-square-foot open-air shopping center located in the Deer Valley neighborhood of Phoenix. Target shadow anchors the center, which is situated across from Phoenix General Hospital and PetSmart’s corporate headquarters. The property is more than 94 percent leased to tenants including Five Below, Ross Dress For Less, Dollar Tree, PetSmart, Michaels, Jersey Mike’s, Panda Express, Chipotle, Sola Salon Studios, GNC and Bath & Body Works. This transaction …

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Northside at SanTan Village
ArizonaLeasingMixed-useNewsRestaurantsRetailers

Western Retail Advisors Signs Five New Tenants at Northside at SanTan Village in Gilbert, Arizona

by Abby Cox

Gilbert, Ariz. — Western Retail Advisors has signed leases with five new tenants at Northside at SanTan Village, the first phase of the larger Northside mixed-use development in Gilbert, a suburb of Phoenix. Situated in the SanTan Village corridor, the retail and restaurant component will total 37,289 square feet across six buildings. Perry’s Steakhouse & Grille, the anchor tenant, will occupy 11,000 square feet of restaurant space, marking its first Arizona location. Meanwhile, The Workshop Pilates, The NOW Massage and Face Foundrie are opening their fourth locations in the state. Additionally, …

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