Wednesday, May 14, 2025
Read the Digital Magazines
Subscribe
Author

Alex Tostado

Grocery-anchoredInvestment salesMarylandNews

Neuman Commercial Arranges $18.2 Million Sale of Grocery-Anchored Shopping Center in Baltimore

by Alex Tostado

Baltimore — Neuman Commercial Group has arranged the $18.2 million sale of Alameda Marketplace, a 124,000-square-foot shopping center anchored by Shoppers Food in Baltimore. The asset was 90 percent leased at the time of the sale to 15 tenants including Walgreens, Family Dollar, Rent-A-Center, Planet Fitness, Fresenius Medical, Rainbow and Bank of America. Gil Neuman of Neuman Commercial represented the sellers, Atlantic Realty Co. and Walton Street Capital, in the transaction. The buyer was a private regional investment group. This is the second time that Neuman Commercial has represented the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Tryperion Partners Sells 136,553-Square-Foot Retail Center in Metro San Antonio

by Alex Tostado

Live Oak, Texas — Tryperion Partners has sold Gateway Plaza, a 136,553-square-foot retail center in Live Oak, 17 miles northeast of downtown San Antonio. The Burlington-anchored property was 98 percent leased at the time of the sale to tenants including Goodwill, Laser Legend, Furniture Now, James Avery Craftsman and Great Clips. Nooner Holdings purchased the asset, which was built in 2008 and sits on 13.7 acres. John Taylor, Drew Fuller, Josh Villarreal and Kyle Shaffer of HFF represented the seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRestaurants

Hanley Investment Group Arranges $3.5 Million Sale of Raising Cane’s Location in Southern California

by Alex Tostado

Fontana, Calif. — Hanley Investment Group has arranged the $3.5 million sale of a single-tenant building situated within a Sprouts Farmers Market-anchored retail center in Fontana, California. The 3,233-square-foot property is fully leased to a Raising Cane’s Chicken Fingers restaurant, which opened in February. Other tenants at Highland Village shopping center include Jack in the Box, Burgerim, Jersey Mike’s, Oggi’s Restaurant, Mountain View Tires, Pacific Dental and Quick Quack Car Wash. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, Adler Realty Investments Inc., in the transaction. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew YorkNewsRetailers

Cushman & Wakefield Arranges $2 Million Sale of Retail Property in Queens

by Alex Tostado

New York City — Cushman & Wakefield has arranged the $2 million sale of a retail property in Astoria, Queens. Located at 31-79 Steinway St., the 2,250-square-foot property is a single-story retail building with a full basement. The property offers an additional 4,500 square feet of air rights for future development. Stephen Preuss and Andreas Efthymiou of Cushman & Wakefield represented the seller, Steinway Sports & Recreation Center Inc., in the transaction. The buyer was ABS Partners Real Estate, a locally based investment firm.

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNewsRetailers

Parent Company of Kay, Zales, Jared to Close 150 Jewelry Stores

by Alex Tostado

Hamilton, Bermuda — Signet Jewelers (NYSE: SIG), which owns jewelry retailers Kay, Zales and Jared, will close approximately 150 North American stores after the 2019 holiday shopping season, the company said in its latest earnings report. These store closings follow Signet’s previous shuttering of 262 stores, most of them in North America, and are part of a larger downsizing program that will reduce the Bermuda-based retailer’s total store count by 13 percent over a three-year period. According to the earnings report, Signet’s same-store sales declined by 2 percent during the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Cushman & Wakefield Arranges Sale of 79,739-Square-Foot Shopping Center in Metro Dallas

by Alex Tostado

Plano, Texas — Cushman & Wakefield has arranged the sale of Preston Creek Shopping Center, a 79,730-square-foot shopping center in Plano. The property, which is located 25 miles north of downtown Dallas, was built in 2006 by the seller, ASG Realty. Tenants of the unanchored shopping center include Pei Wei Asian Diner, Modern Market, Cowboy Chicken, Cristina’s Fine Mexican Restaurant, Turkish Café and II Brothers Grill & Bar. Chris Harden, Kris Von Hohn and Ryan Duffie of Cushman & Wakefield and Samer Keilani and James Hankins of ACR Realty represented the …

Continue Reading
0 FacebookTwitterLinkedinEmail
GeorgiaInvestment salesNewsRetailers

Cole Credit Property Trust Sells 62,719-Square-Foot LA Fitness-Anchored Retail Center in Metro Atlanta

by Alex Tostado

Douglasville, Ga. — Cole Credit Property Trust IV Inc. has sold Village at Chapel Hill, a 62,719-square-foot, LA Fitness-anchored retail center in Douglasville, Georgia, 20 miles west of downtown Atlanta. The center was built in 2009 and was 97 percent leased at the time of the sale. The property is shadow-anchored by ALDI and includes other tenants such as Yogli Mogli, One Main Financial, Chapel Hill Dentistry and Blue Agave Mexican Restaurant. Jim Hamilton, Brad Buchanan, Mike Allison and Andrew Kahn of HFF represented the seller in the transaction. LBX …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRestaurantsWisconsin

Quantum Arranges $2.8 Million Sale of Popeyes-Occupied Property in Fitchburg, Wisconsin

by Alex Tostado

Fitchburg, Wis. — Quantum Real Estate Advisors Inc. has arranged the $2.8 million sale of a Popeyes-occupied property in Fitchburg, Wisconsin, just south of Madison. The 4,442-square-foot building is located at 2844 Fish Hatchery Road. Popeyes has approximately 20 years left on its lease. Chad Firsel and Zack Hilgendorf of Quantum negotiated the transaction. A private buyer based in Seattle purchased the property from a Chicago-based developer.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentNewsRetailers

Donahue Schriber Launches $120 Million Expansion at Del Mar Highlands Town Center in San Diego

by Alex Tostado

San Diego — Donahue Schriber has announced a $120 million expansion at Del Mar Highlands Town Center, a mixed-use property located at 12925 El Camino Real in San Diego. The expansion will bring the development to more than 400,000 square feet of retail, dining and entertainment space. The expansion — to be known as The Collection at Del Mar Highlands Town Center — will bring an additional 120,000 square feet of space, offering 40 new retailers, restaurants, fitness studios and new spaces to work, play and lounge. As part of …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesMixed-useNewsRetailers

Mast Capital Acquires Mixed-Use Shopping Center in South Florida for $43 Million

by Alex Tostado

Fort Lauderdale, Fla. — Mast Capital has acquired The Quay, a 73,000-square-foot mixed-use shopping center in Fort Lauderdale, Florida. The Quay sits on seven acres along South 17th Street near the Stranahan River, three miles south of downtown Fort Lauderdale. The property was fully leased at the time of the sale to tenants including Boatyard Restaurant, the United States Postal Service and Chipotle Mexican Grill. The property also includes a two-story office building and Boathouse of Fort Lauderdale marina. Hudson Capital Group Inc. sold The Quay. CIT Bank provided acquisition …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts