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Alex Tostado

GeorgiaInvestment salesNewsRetailers

Cushman & Wakefield Arranges Sale of 199,594-Square-Foot Retail Center in Metro Atlanta

by Alex Tostado

Suwanee, Ga. — Cushman & Wakefield has arranged the sale of Brookwood Marketplace, a 199,594-square-foot retail center in Suwanee, Georgia, shadow-anchored by Super Target. The property is located at 2615-2635 Peachtree Parkway, 34 miles north of downtown Atlanta in Gwinnett County. Brookwood Marketplace was 98 percent leased at the time of the sale to tenants including The Home Depot, Bed Bath & Beyond and OfficeMax. Fain Hicks and Mark Gilbert of Cushman & Wakefield represented the seller, Weingarten Realty, in the transaction. A private individual acquired the center for an …

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CaliforniaInvestment salesNewsRetailers

Marcus & Millichap Arranges Sale of Two Multi-Tenant Retail Pads in Rialto, California

by Alex Tostado

Rialto, Calif. — Marcus & Millichap has negotiated the sale of two multi-tenant retail pads at Rialto Marketplace, located at 1276 Riverside Ave. in Rialto. Scott Hook of Marcus & Millichap arranged the sale. Terms of the transaction were not released. Recently developed by Newmark Merrill Cos., the buildings total 25,567 square feet. Tenants include Starbucks Coffee, GNC, Wingstop, Pieology Pizzeria and T-Mobile. Walmart Supercenter is the anchor tenant for Rialto Marketplace.

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GeorgiaGrocery-anchoredInvestment salesNewsNorth Carolina

Branch Properties Acquires Two Grocery-Anchored Shopping Centers for $57 Million

by Alex Tostado

Roswell, Ga. and Leland, N.C. — Branch Properties has acquired two grocery-anchored shopping centers in the Southeast. The first, Roswell Market Place, is a 95,522-square-foot shopping center anchored by Sprouts Farmers Market. Branch Properties bought the asset for $32 million. The center, which is located at 10800 Alpharetta Highway, 24 miles north of downtown Atlanta, was built in 1986 and renovated two years ago. Roswell Market Place was 88 percent leased at the time of the sale. The second property is Waterford Village, a 108,249-square-foot shopping center anchored by Harris …

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DevelopmentNewsRetailersVirginia

Federal Realty to Redevelop 90,000-Square-Foot Shopping Center in Northern Virginia

by Alex Tostado

Springfield, Va. — Federal Realty Investment Trust has unveiled plans to redevelop Old Keene Mill, a 90,000-square-foot shopping center in Springfield, Virginia. Whole Foods Market, Planet Fitness and Walgreens anchor the center, which is situated at the corner of Old Keene Mill and Rolling roads 16 miles southwest of downtown Washington, D.C. Redevelopment plans include the addition of an outdoor fireplace, communal village design, new landscapes, wide sidewalks and new façade and signage. Completion is expected before Thanksgiving.

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DevelopmentEntertainmentNewsTexas

Cinemark Opens 14-Screen Theater in McKinney, Texas

by Alex Tostado

McKinney, Texas — Cinemark Holdings Inc. has opened a 14-screen theater at the intersection of U.S. Highway 380 and Hardin Boulevard in the northern Dallas suburb of McKinney. The freestanding venue features wall-to-wall screens, oversized recliners with footrests, an arcade and a variety of food and beverage options. The theater is Cinemark’s 27th in the Dallas-Fort Worth area.

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DevelopmentGrocery-anchoredNewsSouth Carolina

Publix to Open GreenWise Market in Lexington, South Carolina

by Alex Tostado

Lexington, S.C. — Publix Super Markets Inc. will open a GreenWise Market store at Lexington Marketplace in Lexington, 10 miles west of downtown Columbia. GreenWise will offer a large variety of organic, specialty and traditional items. GreenWise joins Ulta Beauty, Mod Pizza, Smoothie King and Fit Body Boot Camp at the 135,000-square-foot, 80 percent-leased retail center. Darrell Palasciano and Matt Henry of The Shopping Center Group represented the landlord and developer, Columbia Development, in the lease transaction.

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Investment salesNet leaseNewsOhioRetailers

Marcus & Millichap Arranges $2.7 Million Sale of Net-Leased Walgreens Property in Ohio

by Alex Tostado

Delaware, Ohio — Marcus & Millichap has arranged the sale of a 14,490-square-foot property net leased to Walgreens for $2.7 million. The building is situated on 1.7 acres at 19 London Road in Delaware, Ohio, about 30 miles north of Columbus. The property was built in 2001. Walgreens recently extended its lease through 2026. Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Brandon Hanna of Encore Real Estate Investment Services secured and represented the buyer, a private investor.

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Investment salesNew YorkNewsRetailers

Rafinia Property Group Orchestrates $2.2 Million Sale of Retail Strip in Upstate New York

by Alex Tostado

Ogdensburg, N.Y. — Rafinia Property Group has arranged the $2.2 million sale of Seaway Shopping Center, a 102,796-square-foot retail strip in Ogdensburg, New York. The single-story strip center is configured to fit 15 retail spaces and is occupied by Save-A-Lot food stores, Peebles, Family Dollar and a mix of local and regional tenants. The property was constructed in 1960 and significantly upgraded in 2018. Evan Rafinia of Rafinia Property Group represented the undisclosed seller in the transaction. The buyer was a private investor based in New York City.

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Investment salesMontanaNewsRetailers

SSG Realty Partners Arranges Sale of Westwood Plaza Shopping Center in Montana

by Alex Tostado

Great Falls, Mont. — SSG Realty Partners has arranged the sale of Westwood Plaza, a retail center located along the Northwest Bypass in Great Falls, Montana, for an undisclosed price. Originally developed as a Pay ‘N Save and Ernst Home Center, the 70,000-square-foot shopping center was renovated in recent years. The current tenant mix includes Ulta Beauty and T.J. Maxx. Greg Swedelson and Jon Eric Greene of SSG Realty Partners represented the seller and undisclosed buyer in the deal.

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Investment salesMallsNewsNorth Carolina

Tanger Outlets Sells Four Outlet Malls to Singerman Real Estate, The Outlet Resource Group for $130.5 Million

by Alex Tostado

Greensboro, N.C. — Tanger Factory Outlets Center Inc. (NYSE: SKT) has sold four non-core outlet malls to a joint venture between Singerman Real Estate and The Outlet Resource Group for $130.5 million. The four centers are located in Nags Head, North Carolina; Ocean City, Maryland; Park City, Utah; and Williamsburg, Iowa. The four properties were 95.8 percent occupied at the time of the sale. Greensboro, North Carolina-based Tanger Outlets expects to use $128.7 million of the proceeds to pay off existing debt. Tanger operates 40 outlet malls across 20 states …

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