Friday, July 11, 2025
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Alex Tostado

FloridaInvestment salesNewsRetailers

Marcus & Millichap Arranges $14.3 Million Sale of Retail Property in Southwest Florida

by Alex Tostado

Cape Coral, Fla. — Marcus & Millichap has arranged the $14.3 million sale of Towers I and Towers II, a 72,453-square-foot retail property in Cape Coral. The asset, located at 2612-2708 Santa Barbara Blvd., was 89 percent leased at the time of sale to tenants including Five Guys Burgers & Fries, Firehouse Subs, Sylvan Learning of Cape Coral, Anytime Fitness, Sumaq Peruvian Cuisine Bar & Grill and Tony’s Jewelry. Jim Shiebler, James Garner and James Medefind of Marcus & Millichap represented both the buyer, a private investor, and the seller, …

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Investment salesNewsOklahomaRetailers

Disney Investment Group Brokers Sale of 70,376-Square-Foot Shopping Center in Tulsa

by Alex Tostado

Tulsa, Okla. — Disney Investment Group has brokered the sale of Memorial Crossing, a 70,376-square-foot shopping center in Tulsa. Anchored by HomeGoods, Petsmart and ULTA Beauty and shadow-anchored by Costco, the center was 97 percent leased at the time of sale. Disney Investment Group represented the seller, Dallas-based Leon Capital Group, in the transaction, and procured the undisclosed buyer.

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Investment salesNewsRetailersTexas

SITE Centers Buys 40,612-Square-Foot Vintage Plaza Retail Center in Metro Austin

by Alex Tostado

Round Rock, Texas — SITE Centers Corp. has bought Vintage Plaza, a 40,612-square-foot retail center. The sales price was not disclosed. The property is located within the 330-acre La Frontera master-planned development in Round Rock, a northern suburb of Austin. Built in 2003, the asset was approximately 93 percent leased at the time of sale to tenants such as Men’s Wearhouse, Bamboo Nails & Spa and Burn Boot Camp. Cathy Nabours, Walter Saad, Kyle Shaffer and Josh Villarreal of JLL represented the seller, Ironwood Real Estate, in the transaction.

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DevelopmentMallsMichiganNewsRetailers

PREIT Opens Woodland Mall Expansion in Grand Rapids, Michigan

by Alex Tostado

Grand Rapids, Mich. — PREIT has opened the Woodland Mall expansion wing. In 2017, the company purchased the store formerly occupied by Sears at the mall. It was demolished in order to make way for new uses. Von Maur now occupies 90,000 square feet at the new wing and is the department store’s first in the region. Other new retailers slated to open at the property include Urban Outfitters, Sephora, White House Black Market, Tricho Salon, Paddle North, Mobile Station and REI, which opened in May. New dining options include …

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Company newsFloridaNewsRestaurants

Cracker Barrel Acquires Maple Street Biscuit for $36 Million

by Alex Tostado

Jacksonville, Fla. — Cracker Barrel Old Country Store Inc. has acquired Maple Street Biscuit Co. for $36 million in an all-cash deal. Maple Street’s portfolio comprised 28 company-owned and five franchise-owned restaurants in seven states at the time of sale. The company plans to convert its Holler & Dash Biscuit House into Maple Street Biscuit locations. Scott Moore and Gus Johnson founded Maple Street in Jacksonville in 2012. Moore will stay on as CEO and will report to Sandra Cochran, president and CEO of Cracker Barrel.

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CaliforniaGrocery-anchoredInvestment salesNewsRetailers

SENTRE Purchases San Marcos Village Retail Center in North San Diego County for $19.2 Million

by Alex Tostado

San Marcos, Calif. — San Diego-based SENTRE Inc. has purchased San Marcos Village, a neighborhood retail center located in San Marcos. A San Diego-based joint venture partnership sold the property for $19.2 million. At the time of sale, the grocery-anchored center was 92 percent leased to a variety of tenants, including Grocery Outlet, 99 Cents Only Store and AutoZone. Philip Voorhees, Reg Kobzi, Preston Fetrow and Eric Shain of CBRE National Retail Partners-West represented both parties in the transaction. Scott Peterson, Bill Chiles, Brian Cruz and Morgon Fraser of CBRE’s …

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CaliforniaFinanceInvestment salesNewsRetailers

JLL Arranges Sale, Financing of 154,750-Square-Foot Shopping Center in Southern California

by Alex Tostado

Signal Hill, Calif. — JLL has facilitated the sale of Towne Center East, fully leased retail center in Signal Hill. BIG Shopping Centers USA sold the asset to an institutional buyer for an undisclosed price. Additionally, JLL placed the fixed-rate acquisition loan with a global investment bank. Situated on nearly 15 acres at 2172-2598 Cherry Ave., Towne Center East features 154,750 square feet of retail space. Tenants include The Home Depot, PetSmart, Supercuts, T-Mobile, Subway, GNC, Chinese Combo and Tutti Frutti Yogurt, among others. Patrick Toomey and Tom Lagos of …

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ColoradoGrocery-anchoredInvestment salesNewsRetailers

CIM Group Sells University Center Retail Property in Fort Collins for $23.7 Million

by Alex Tostado

Fort Collins, Colo. — CIM Group has completed the sale of University Center, a grocery-anchored retail property located in Fort Collins. An undisclosed buyer acquired the asset for $23.7 million. Built in 1953 and remodeled in 2004, University Center features 68,334 square feet on 6.5 acres. The property is fully leased to two tenants: Whole Foods Market and Wilbur’s Total Beverage. The single-story building is attached to the north end of a larger shopping center. Brad Lyons, Mike Winn and Tim Richey of CBRE represented the seller.

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CaliforniaInvestment salesMixed-useNewsRetailers

BrandWilson Buys Retail/Office Property in California for $18.1 Million

by Alex Tostado

Glendale, Calif. — A private investor operating under the entity of BrandWilson LLC has purchased a mixed-use property located at 201 N. Brand Blvd. in Glendale. Bow Truss Capital sold the asset for $18.1 million. Warren Berzack and Slavic Zlatkin of Lee & Associates — LA North/Ventura represented the buyer, while Trevor Carl Nelson of Newmontis Real Estate Investment Management represented the seller in the deal. The Woolworth Building was recently renovated. The 43,437-square-foot property comprises a storefront retail space on the ground floor and office space on the second …

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Investment salesMinnesotaNewsRetailers

Hanley Investment Group Negotiates $9.2 Million Sale of Two-Tenant Retail Building in Maple Grove, Minnesota

by Alex Tostado

Maple Grove, Minn. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a two-tenant retail building in Maple Grove for $9.2 million. Bank of America and Crave American Kitchen & Sushi Bar occupy the newly built property, which is situated at the intersection of Elm Creek Boulevard and Main Street. Jeff Lefko and Bill Asher of Hanley represented the seller, OneCorp. Jim Batlle of Coldwell Banker Commercial NRT represented the buyer, a California-based private investor. The sales price represents a cap rate of 5.66 percent.

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