Wednesday, June 4, 2025
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Alex Tostado

ConnecticutInvestment salesNewsRetailers

O,R&L Commercial Brokers Sale of 17,600-Square-Foot Retail Property in Wallingford, Connecticut

by Alex Tostado

Wallingford, Conn. — O,R&L Commercial LLC has brokered the sale of a 17,600-square-foot retail property in Wallingford, a northern suburb of New Haven, for $1.6 million. The property is located at 200 Church St., on State Route 68. At the time of sale, the property was 100 percent leased to a mix of restaurants, retailers, a printing and marketing company and a recycling center. Rich Guralnick and Toby Brimberg of O,R&L Commercial represented the seller, an undisclosed private trust, in the transaction. Phil Marshall of O,R&L represented the buyer, Northern …

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Investment salesLouisianaNewsRetailers

Azad Commercial Realty Acquires 349,660-Square-Foot Retail Center in Baton Rouge

by Alex Tostado

Baton Rouge, La. — Azad Commercial Realty Services LLC has acquired Hammond Aire Plaza, a 349,660-square-foot retail center in Baton Rouge. The property was 97 percent leased at the time of sale to tenants including Burlington, Marshalls, Michaels and Stein Mart. Albertsons shadow anchors the center. Hammond Aire Plaza is located at 9616-9638 Airline Highway, seven miles east of downtown Baton Rouge. Mark Gilbert and Fain Hicks of Cushman & Wakefield represented the undisclosed seller in the transaction.

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ConnecticutDevelopmentNewsRetailers

Bob’s Discount Furniture Opens 30,000-Square-Foot Store in Norwalk, Connecticut

by Alex Tostado

Norwalk, Conn. — Bob’s Discount Furniture has opened a 30,000-square-foot store in Norwalk, a western suburb of Bridgeport. The Manchester, Connecticut-based retailer operates 122 stores across 18 states. The store, which is Bob’s ninth in Connecticut, is located at 59 Connecticut Ave. The building was formerly leased to Toys ‘R’ Us. Benderson Development acquired the property during the toy retailer’s asset liquidation.

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GeorgiaGrocery-anchoredInvestment salesNewsRetailers

InvenTrust Properties Purchases Publix-Anchored Center in Metro Atlanta for $11 Million

by Alex Tostado

Sandy Springs, Ga. — InvenTrust Properties Corp. has purchased Trowbridge Crossing, a 62,600-square-foot, Publix-Anchored shopping center in Sandy Springs, for $11 million. The property was fully leased at the time of sale to tenants including the U.S. Postal Service, Great Clips, T-Mobile and Domino’s Pizza. The center was also recently upgraded to include new LED lights to improve energy efficiency and illumination for the center. Trowbridge Crossing is situated at 7531 Roswell Road, 18 miles north of downtown Atlanta. The seller was not disclosed.

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CaliforniaGrocery-anchoredInvestment salesNewsRetailers

Hanley Investment Group Arranges $10.4 Million Sale of Sprouts-Occupied Retail Asset in Inland Empire

by Alex Tostado

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has brokered the sale of a single-tenant retail building located within the recently completed Highland Village Shopping Center in Fontana. Woodlands Hills, California-based Adler Realty Investments sold the asset to a private investor for $10.4 million. Sprouts Farmers Market occupies the 30,000-square-foot building, which anchors Highland Village Shopping Center. Additional tenants at the center, which were not included in the acquisition, are BurgerIM, Jack in the Box, Raising Cane’s Chicken Fingers, Jersey Mike’s Subs, Café Rio Mexican Grill, Oggi’s, Mountain View …

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IllinoisLeasingNewsRetailers

Fairgrounds Coffee & Tea Signs 2,623-Square-Foot Retail Lease at Office Development in Chicago

by Alex Tostado

Chicago — Fairgrounds Coffee & Tea has signed a 2,623-square-foot retail lease at 306 West Erie, an office development currently under construction in Chicago’s River North neighborhood. The location will serve as the company’s seventh coffee shop in the Chicago area. The building is the first phase of Verso, a three-building office redevelopment undertaken by North Wells Capital and Urban Innovations. Renovation work began in late 2019 to expand and modernize the property. JLL is the leasing agent for 306 West Erie and the entire Verso portfolio.

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EntertainmentFrom The Magazine

Howard Samuels Works with New Generation of Tenants to Fill the Void

by Alex Tostado

Howard Samuels knows a thing or two about new concepts. For more than 30 years, he has represented retailers, entertainment concepts and restaurants seeking to find space in traditional retail environments. As president of Samuels & Company, he’s navigated deals with many of the nation’s largest landlords and introduced many new concepts to retail environments. SCB recently interviewed Samuels to get a take on what new concepts need to make a deal, and the disconnect between landlords and this new breed of tenant. SCB: Do you feel that retail landlords …

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EntertainmentFrom The Magazine

The Experience Economy Meets the Power of Place at Today’s Shopping Centers

by Alex Tostado

It’s a Millennial world; we’re just living in it. Though this might sound defeatist, the Harris Poll would probably tell you this information is quite useful. After all, we’re also living in a data-driven world. With that in mind, Harris Poll cites that Millennials make up two-thirds of the working population, with 10,000 Baby Boomers retiring every day. A recent survey by the market research firm also notes that 75 percent of Millennials would rather purchase an experience than fungible goods, or an item that can easily be replaced or …

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Investment salesMallsNewsTexas

Partnership Acquires Two Malls in Texas Totaling 1.2 Million Square Feet

by Alex Tostado

San Antonio and Amarillo, Texas — A partnership between Mason Asset Management, Namdar Realty Group and CH Capital Group has acquired South Park Mall in San Antonio and Westgate Mall in Amarillo. South Park Mall spans 663,978 square feet across 48.5 acres. The mall was originally built in 1968 and has been renovated several times, most recently in 2018. The asset was 95 percent leased at the time of sale to tenants including anchors JC Penney, Dick’s Sporting Goods, Beall’s, Old Navy, Ulta Beauty and The Vitamin Shoppe. Westgate Mall …

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Investment salesNew JerseyNewsRetailers

TEI Acquires Hamilton Commons Retail Center in Mays Landing, New Jersey for $60 Million

by Alex Tostado

Mays Landing, N.J. — Time Equities Inc. (TEI) has acquired Hamilton Commons, a 403,050-square-foot retail center in Mays Landing, located approximately 50 miles southeast of Philadelphia. The sales price was $60 million. Located at 190 Hamilton Commons Drive, the property was 93 percent leased at the time of sale to 34 tenants, including Regal Cinemas, Hobby Lobby, Marshalls and Big Lots. Ami Ziff, Jonathan Kim and Grant Scott represented TEI on an internal basis. Chris Munley, Jim Galbally and James Graf of JLL represented the seller, Ohio-based national REIT Retail …

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