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Abby Cox

Ridgemont Shopping Center
Grocery-anchoredInvestment salesNew JerseyNews

Marcus & Millichap Facilitates $17 Million Sale of Retail Center in Park Ridge, New Jersey

by Abby Cox

Park Ridge, N.J. — Marcus & Millichap has facilitated the $17 million sale of Ridgemont Shopping Center in Park Ridge, roughly 25 miles west of Newark. Lidl anchors the 71,650-square-foot retail property, which was built in 1962. Other tenants at the property, which was fully leased at the time of sale, include Staples, Chase Bank and Starbucks Coffee. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap and Bill Farkas of Jeffery Realty represented the seller and procured the buyer in the transaction.

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York Ridge Shopping Center
Investment salesNewsNorth Carolina

TSCG Brokers $16.9 Million Sale of York Ridge Shopping Center in Charlotte

by Abby Cox

Charlotte, N.C. — The Shopping Center Group (TSCG) has brokered the $16.9 million sale of York Ridge Shopping Center in Charlotte. Built in 1999, the 71,406-square-foot retail center was fully leased at the time of sale. Crunch Fitness anchors the property. TSCG represented the undisclosed seller in the transaction, and Ascent Real Estate Partners represented the private buyer.

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Smalls-Sliders
Company newsGeorgiaNewsRestaurants

Smalls Sliders Signs Three-Unit Franchise Agreement in Georgia

by Abby Cox

Macon and Warner Robins, Ga. — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open three new units in Georgia. PAR Concepts will own and operate the restaurants, which will be located in Macon and Warner Robins. This marks PAR Concepts’ second franchise agreement with Smalls Sliders, bringing its portfolio to nine units — dubbed Cans — under development in Georgia. The first of the nine restaurants is scheduled to open early this year. Founded in 2019, Atlanta-based Smalls Sliders currently has 350 Cans open or under …

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Home Ranch Commons
CaliforniaDevelopmentMixed-useNews

IPA Arranges $34.6 Million Sale of Mixed-Use Property in Metro Los Angeles

by Abby Cox

Yorba Linda, Calif — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $34.6 million sale of Home Ranch Commons, a 60,737-square-foot mixed-use medical and retail center located in Yorba Linda. UCI Health and Kiddie Academy anchor the property, which was built in 1984 and renovated in 2018. Other tenants at the center include Blue Agave, YL Family Chiropractic, Bodhi Leaf Trading Co., The Coder School and Torkian Aesthetic Center. Greenbridge Partners sold the property to Optimus Properties. Mark DeGiorgio, Jose Carrazana and Patrick Toomey of …

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Central Park Plaza
FloridaInvestment salesNews

Plaza Advisors Brokers Sale of 47,653-Square-Foot Shopping Center in Largo, Florida

by Abby Cox

Largo, Fla. — Plaza Advisors has brokered the sale of Central Park Plaza, a 47,653-square-foot shopping center located in Largo, roughly 23 miles northeast of Tampa. Tenants at the property, which was 95 percent leased at the time of sale, include NAPA Auto Parts, Rent-A-Center, Boost Mobile and AMA Medical Group. An affiliate of Fortune Commercial Management doing business as Central Park Largo LLC, purchased the property for $5.6 million, with SouthState Bank providing a $3.7 million acquisition loan. Jeff Berkezchuk and Jim Michalak of Plaza Advisors represented the undisclosed …

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CaliforniaDevelopmentFinanceNews

BWE Secures $20 Million Bridge Loan for Outparcel Redevelopment in Merced, California

by Abby Cox

Merced, Calif. — BWE has secured a $20 million bridge loan to finance the redevelopment of an outparcel adjacent to Marketplace at Merced in Merced. Sears formerly occupied the 85,000-square-foot property. The project will include a complete interior renovation, as well as the addition of two pad sites totaling 6,164 square feet. The redevelopment was fully preleased at the time of financing. Tenants at the property will include Ulta Beauty, Five Below, Petco, Rack Room Shoes and Burlington Coat Factory. Mike Guterman of BWE arranged the 30-month loan on behalf …

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ConnecticutFinanceGrocery-anchoredNewsVermont

Cronheim Secures $9 Million Refinancing for Shopping Centers in Vermont, Connecticut

by Abby Cox

Derby, Vt. and Wallingford, Conn. — Cronheim Mortgage has secured two loans totaling $9 million for the refinancing of shopping centers located in Vermont and Connecticut. National Realty & Development Corp. (NRDC) is the borrower. The properties include Shaw’s Plaza in Derby, Vermont, and Kohl’s Plaza in Wallingford, Connecticut. Built in 1968, Shaw’s Plaza totals 80,193 square feet. Shaw’s Supermarket anchors the property. Other tenants at the center include Dollar Tree and Maurice’s. Cronheim arranged a 10-year loan for the property. Kohl’s and Aldi anchor Kohl’s Plaza, which totals 159,600 …

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DevelopmentMassachusettsNews

Simon® Signs Two Leases with Dick’s Sporting Goods in Metro Boston

by Abby Cox

Braintree and Peabody, Mass. — Simon has signed new leases with Dick’s Sporting Goods at two of its properties in metro Boston. DICK’S House of Sport will be located within Northshore Mall in Peabody, roughly 20 miles outside Boston, and a Dick’s Sporting Goods store will open at South Shore Plaza in Braintree, approximately 15 miles outside Boston. Both stores are scheduled to open in 2026.

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Plaza-Del-Mar_Manalapan
FloridaGrocery-anchoredInvestment salesNews

Garden Commercial Acquires 83,841-Square-Foot Retail Center in Manalapan, Florida

by Abby Cox

Manalapan, Fla. —An affiliate of Garden Commercial doing business as Manalapan Plaza Del Mar LLC has acquired Plaza Del Mar, an 83,841-square-foot retail center located in Manalapan, roughly 50 miles north of Miami. According to the Palm Beach Daily News, the purchase price was $37 million. Publix anchors the property, which is situated on roughly 10.3 acres.  Other tenants at the center include John G’s, Thaikyo Asian Cuisine, Art Basil Restaurant, The Ice Cream Club, Chico’s, Evelyn & Arthur and J. McLaughlin. Addicted Chic is also scheduled to open at …

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Hightower Station
FinanceGeorgiaInvestment salesNews

Marcus & Millichap Arranges Sale, Financing of 56,300-Square-Foot Shopping Center in Atlanta

by Abby Cox

Atlanta —Marcus & Millichap has arranged the $8.3 million sale of Hightower Station, a 56,300-square-foot shopping center located in Atlanta. Built in 1989 on 6.3 acres, the center is anchored by Dollar Tree and Atlanta SMART Academy, which occupies 70 percent of the property. There are 14 additional tenants, including Subway and Cricket Wireless. Taylor Abbott and Eric Abbott of Marcus & Millichap represented the seller in the transaction. Salim Valiani and Shujan Valiani secured the buyer, an undisclosed private investor. Additionally, Garrett Fierstein of Marcus & Millichap Capital Corp. …

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