Wednesday, May 7, 2025
Read the Digital Magazines
Subscribe
Author

Alex Tostado

DevelopmentEntertainmentNewsSouth Carolina

Topgolf Opens 50th U.S. Venue in Upstate South Carolina

by Alex Tostado

Greenville, S.C. — Topgolf opened its 50th venue in the U.S. this past Friday in Greenville, South Carolina. The three-tier, 55,000-square-foot driving range and bar is located at 201 Clifton Court, 10 miles from downtown Greenville and directly off Interstate 85. The new Topgolf features a chef-driven menu, top-shelf drinks, big screen TVs, flexible private event spaces and music in climate-controlled hitting bays. More than 350 full- and part-time employees were hired in advance of the opening. The new Topgolf will host a summer academy for children ages 6 through …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

SBH Real Estate Sells Retail Property in Southern California for $7.8 Million

by Alex Tostado

Burbank, Calif. — SBH Real Estate Group has completed the disposition of a 14,000-square-foot retail property occupied by Harbor Freight Tools in Burbank, California. SBH originally purchased the property in the first quarter of 2018 and proceeded to renovate and improve the building. Renovations included a new roof, updated electrical and lighting systems, new restrooms and a new HVAC system. A private investor acquired the property for $7.8 million. Adam Friedlander and Kien Tsoi of JLL represented the seller, while Jeff Gerlach from CBRE represented the buyer in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNewsRetailers

SRS Negotiates $6.3 Million Sale of Shopping Center in Central Florida

by Alex Tostado

Longwood, Fla. — SRS Real Estate Partners has arranged the $6.3 million sale of Shoppes at Village Square, a 61,200-square-foot shopping center located in Longwood, Florida, 14 miles north of downtown Orlando. The center was 88 percent leased at the time of sale to tenants such as O’Reilly Auto Parts, Sherwin-Williams and CrossFit Evolution. Kevin Yaryan of SRS’ Investment Properties Group in Orlando represented the seller, Harvest Holdings LLC, in the transaction. Trey Gravenstein of First Capital Property Group represented the buyer, Shoppes at Village Square LLC.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $6 Million Sale of Two Retail Pads Near Los Angeles

by Alex Tostado

Lancaster, Calif. — Hanley Investment Group Real Estate Advisors has directed the sale of two multi-tenant pads adjacent to a Walmart Supercenter in Lancaster, approximately 70 miles north of downtown Los Angeles. The Niki Group Wood Investment Cos. sold the properties to a Los Angeles-based private buyer for $6 million. Eric Wohl, Ed Hanley and Andrew Cunningham of Hanley Investment Group represented the sellers, while James Chin of Realtex Properties represented the buyer in the deal. Built in 2003, the fully occupied buildings total 13,760 square feet. AT&T, Papa John’s, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersVirginia

Armada Hoffler to Acquire Two Retail Centers in Virginia for $105 Million

by Alex Tostado

Virginia Beach, Va. — Armada Hoffler will acquire Red Mill Commons and Marketplace at Hilltop in Virginia Beach, Virginia, for a combined $105 million from local retail developer Venture Realty Group. As part of the acquisition, Armada Hoffler will exchange 4.1 million operating partnership units valued at $15.55 apiece, as well as the assumption of $36 million in debt and $5 million in cash. Red Mill Commons is a 374,000-square-foot retail center that was 98 percent leased at the time of sale to more than 90 tenants, including T.J. Maxx, …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaGeorgiaGrocery-anchoredInvestment salesNews

Sembler, Forge Acquire Two Publix-Anchored Shopping Centers in Florida, Georgia

by Alex Tostado

Naples, Fla. and Kennesaw, Ga. — The Sembler Co. and Forge Capital Partners have purchased a pair of Publix-anchored shopping centers in Naples, Florida, and Kennesaw, Georgia. The companies purchased the centers for an undisclosed price via their Forge Real Estate Partners IV (FREP) investment fund. Properties include the 59,893-square-foot Naples Lake Village Center and the 68,744-square-foot Kennesaw Walk. Sembler will serve as the property manager and leasing agent for both properties. Including these properties, Sembler and Forge have acquired 14 shopping centers in the Southeast and Texas using their …

Continue Reading
0 FacebookTwitterLinkedinEmail
AlabamaLeasingNewsRetailers

GBT Realty Signs HomeGoods, Shoe Station at Tuscaloosa Shopping Center

by Alex Tostado

Tuscaloosa, Ala. — GBT Realty has signed HomeGoods and Shoe Station to lease space at McFarland Plaza, a 234,000-square-foot retail power center located in Tuscaloosa, Alabama, one mile south of the University of Alabama. HomeGoods will backfill a former Toys ‘R’ Us store spanning 23,000 square feet, and Shoe Station will lease 11,900 square feet. The center was 97 percent leased at the time of sale to tenants such as Ross Dress for Less, T.J. Maxx, Stein Mart, Cato Fashions, Michaels and Pet Supplies Plus. GBT Realty’s leasing team is …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredNewsPennsylvania

Aldi to Open 19,230-Square-Foot Grocery Store at King of Prussia Center in Pennsylvania

by Alex Tostado

King of Prussia, Pa. — German discount grocer Aldi will open a 19,230-square-foot store at the 119,000-square-foot King of Prussia Center, located 20 miles northwest of Philadelphia in Montgomery County. Jeffrey Cohen and Nelson Wax of CBRE represented the landlord, D&P Associates, in the lease negotiations. The family-owned business developed the mall beginning in the 1980s.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

Hanley Investment Group Arranges $2.6 Million Sale of Two-Tenant Retail Property in Merced, California

by Alex Tostado

Merced, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail building, located at 360 W. 16th St. in Merced, California. Ares Commercial Properties acquired the property from a Bakersfield, California-based private investor for $2.6 million. Built in 2016, the 3,700-square-foot pad building features a 1,900-square-foot Starbucks Coffee with drive-thru and an 1,800-square-foot T-Mobile store. Bill Asher, Jeff Lefko and William Ito of Hanley Investment Group represented the seller, while Mort Rothman of Commercial Real Estate represented the buyer in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Four Retail Centers in Texas Trade for $90.8 Million

by Alex Tostado

Kyle, Temple, San Antonio and Garland, Texas — Four retail centers spanning more than 634,000 square feet in Texas have sold for a combined $90.8 million. Elm Creek Real Estate and Reserve Development LLC purchased Kyle Crossing, a 121,485-square-foot center in Kyle, 20 miles south of Austin. Target is the anchor tenant at the 16.8-acre property. SITE Centers was the seller. Dallas-based Clearview Investments Ltd. acquired Temple Towne Center in Temple, 70 miles north of Austin. Kimco Realty Corp. sold the 274,799-square-foot property, which is situated on 26.8 acres. In …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts