Thursday, July 10, 2025
Read the Digital Magazines
Subscribe
Author

Alex Tostado

Investment salesNewsRetailersWisconsin

Quantum Brokers Sale of 26,000-Square-Foot Retail Center in Pleasant Prairie, Wisconsin

by Alex Tostado

Pleasant Prairie, Wis. — Quantum Real Estate Advisors Inc. has brokered the sale of a roughly 26,000-square-foot retail center in Pleasant Prairie for an undisclosed price. Built in 2007, the property is located at 9740-9800 76th St. The center was fully leased at the time of sale to tenants such as Starbucks, Panda Express, Aspen Dental and AT&T. Chad Firsel of Quantum represented the seller, a Chicago-based private investor. Daniel Waszak of Quantum represented the buyer, a Miami-based investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesNevadaNewsRetailers

CIRE Equity Acquires Sparks Galleria Retail Center Near Reno for $40.6 Million

by Alex Tostado

Sparks, Nev. — CIRE Equity has purchased Sparks Galleria, a grocery-anchored retail center located in Sparks, a suburb of Reno. Pine Tree Commercial Realty sold the asset for $40.6 million. Anchored by Sprouts Farmers Market and Marshalls/HomeGoods, Sparks Galleria features 212,647 square feet of retail space. Additional tenants include Starbucks Coffee, Qdoda Mexican Eats, See’s Candies and Kay Jewelers. Colliers International, in collaboration with Newmark Knight Frank, represented the seller in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentMissouriNewsRetailers

Confluent Development Completes Redevelopment Project in Historic St. Louis

by Alex Tostado

St. Louis — Confluent Development has completed its redevelopment of the historic Southwest Bank property in St. Louis’ Southwest Garden neighborhood. The project features retailers BMO Harris Bank, which remained operational throughout the redevelopment process, and Walgreens, which recently celebrated its grand opening. Confluent Development, a Denver-based real estate investment and development firm, served as the project’s developer and owner. The infill project represents the first development of its kind in St. Louis by preserving the historical façade along the Kingshighway Boulevard portion of the project while redeveloping the remainder of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNew YorkNewsRetailers

NuRealty Arranges Sale of 22,735-Square-Foot Retail Center in Yonkers, New York

by Alex Tostado

Yonkers, N.Y. — NuRealty has arranged the sale of 778 Yonkers Ave., a 22,735-square-foot retail center in Yonkers, a northern suburb of New York. The property, which is valued at $4.9 million, is located one block from the Empire City Casino. Tenants include HSBC Bank, Beck Chevrolet and Paradise Lanes bowling alley. Ludlow Avenue Corp., a locally based limited liability firm, acquired the property, as part of a larger $5.6 million transaction. Lukasz Przybylek of NuRealty Advisors represented the undisclosed seller in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersSouth Carolina

Marcus & Millichap Arranges $4.9 Million Sale of Shopping Center Near Myrtle Beach

by Alex Tostado

Murrells Inlet, S.C. — Marcus & Millichap has arranged the $4.9 million sale of an 18,035-square-foot, Publix shadow-anchored shopping center in Murrells Inlet. The seller, Columbia Prince Creek, developed the property in 2017 and previously sold the Publix in a separate transaction. Zach Taylor of Marcus & Millichap’s Taylor McMinn Retail Group represented Columbia Prince Creek in the sale of the center to MH Commercial Real Estate Fund LLC. “We were asked to assist in a parcellation exit strategy for the shopping center, which resulted in a more accretive exit price …

Continue Reading
0 FacebookTwitterLinkedinEmail
ArizonaInvestment salesNewsRetailers

SRS Negotiates Sale of 119,525-Square-Foot Glendale Galleria in Arizona

by Alex Tostado

Glendale, Ariz. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Glendale Galleria, a neighborhood shopping center located at 5880 W. Peoria Ave. in Glendale. Brixmor Property Group sold the asset to a Florida-based private investor for an undisclosed price in a 1031 exchange. Built in 1989/1990 and renovated in 2018, the 119,525-square-foot property is situated on 12.7 acres. At the time of sale, the shopping center was 87 percent occupied by major tenants including LA Fitness, Sears Outlet, Synergy Gymnastics and TitleMax Title Loans. Additionally, …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentInvestment salesNewsNorth CarolinaRetailers

Konover South Acquires Land Near Charlotte Premium Outlets, Plans 32,000-Square-Foot Retail Center

by Alex Tostado

Charlotte, N.C. — Konover South LLC has acquired a six-acre parcel for $4.8 million with plans to develop a 32,000-square-foot retail center. Located near Charlotte Premium Outlets, Freeman Retail Crossing will include a national steak restaurant, banking, mobile services and healthcare tenants. Konover South plans to break ground in early 2020 and expects to deliver Freeman Retail Crossing in the second quarter of 2021. The land is located on Steele Creek Road near I-485 in southwestern Charlotte.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsPennsylvaniaRetailers

Cedar Realty Trust Underway on 18,000-Square-Foot Retail Redevelopment Project Philadelphia

by Alex Tostado

Philadelphia — Cedar Realty Trust is underway on construction of Fishtown Crossing, a retail redevelopment project in the Olde Richmond neighborhood of Philadelphia. The project will convert a shopping center formerly known as Port Richmond Village into an 18,000-square-foot neighborhood center. The property currently houses more than 20 tenants, including grocer IGA,  GNC and Kicks USA. Starbucks and 1950s-themed diner Nifty Fifty’s have preleased space at the new center. Construction of Fishtown Crossing is slated for completion by early 2021.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsPennsylvaniaRestaurants

Victory Brewing Co. to Open 14,000-Square-Foot Brewery, Taproom in Philadelphia

by Alex Tostado

Philadelphia — Victory Brewing Co. will open a 14,000-square-foot brewery and taproom in the Logan Square neighborhood of Philadelphia’s Center City. The facility will feature a production brewing system, kitchen, three bars, street-level outdoor seating and a rooftop patio. Victory’s first location in Downingtown opened in 1996, and the company operates two other locations in Parkesburg and Kennett Square. The Philadelphia brewery will function as a new flagship taproom as well as an innovation hub for new beers. Local development firm Pearl Properties owns the building, and Gerner Kronick + Valcarcel …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNewsRetailers

JLL Negotiates $23.3 Million Sale of The Shoppes at Southside in Jacksonville

by Alex Tostado

Jacksonville, Fla. — JLL has negotiated the $23.3 million sale of The Shoppes at Southside, a 112,613-square-foot retail center in southern Jacksonville. The property was fully leased at the time of sale to tenants including anchors Best Buy and Urban Air Trampoline, as well as Adventure Park, David’s Bridal, Cold Stone Creamery, Deerwood Jewelers, Moe’s Southwest Grill and three separate parcels leased to Starbucks, Chick-fil-A and Aspen Dental. Situated on 12.9 acres at 9930-9990 Southside Blvd., the center is located 14 miles south of downtown Jacksonville. Brad Peterson, Whitaker Leonhardt …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts