San Antonio — JLL has brokered the sale of Terrell Plaza, a 107,884-square-foot shopping center located in San Antonio’s Alamo Heights neighborhood. Built in 1986 and renovated in 2012, the center was 96 percent leased at the time of sale to tenants such as Ross Dress for Less, Dollar Tree, Five Below, Popshelf, Sherwin Williams and Sports Clips. Ryan West, Chris Gerard, John Indelli, Whitney Snell, Ryan Olive and Clay Anderson of JLL represented the seller, SITE Centers Corp. in the transaction. Property Commerce Dividend Fund acquired the property for an …
Valencia, Calif. — Centennial has acquired Westfield Valencia Town Center, a 1 million-square-foot shopping mall located in Valencia. Moving forward, the property, which was leased to more than 140 tenants at the time of sale, will be known as Valencia Town Center.
Lancaster, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $2.7 million sale of a two-tenant retail building located in Lancaster. AutoZone and Precision Eyebrow Threading occupy the 6,999-square-foot property, which is situated on a 0.6-acre plot within a Target-anchored shopping center. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley represented the seller, an undisclosed private investor.
Savannah, Ga. — Terra Alma has begun leasing the retail space at a master-planned development currently underway in Savannah. Totaling 11,000 square feet, the space is situated within the EmmaJames at Savannah Harbor property along the Savannah River on Hutchinson Island, which also features apartments and townhomes. Amenities at the development will include a marina and outdoor concert theater. An undisclosed seafood concept has signed the first retail lease.
Pembroke Pines, Fla. —Terra has sold 16000 Pines Market, a 135,000-square-foot retail center located in Pembroke Pines, for $56 million. Situated on 13.2 acres and developed between 2020 and 2022, the property was fully leased at the time of sale. Publix anchors the center. Other tenants include Crunch Fitness, Burlington, First Watch Café, Verizon Wireless, Everglades Family Dental, Tropical Smoothie Café, Cheddar’s Scratch Kitchen, Jersey Mike’s Subs and MD-Now Urgent Care Center. The property also features two standalone parcels that house a U.S. post office and Regions Bank. Mark Gilbert and …
Chandler, Ariz. — Jewell Capital has sold SanTan Gateway North, a 123,558-square-foot retail center in Chandler. Coast Meridian Properties acquired the property for $26.6 million. Situated on 17.1 acres, the center is leased to tenants including Walmart Supercenter, O’Reilly Auto Parts, Dollar Tree, Sky Zone and Shane Co. Additionally, Wendy’s, Del Taco and JPM Chase occupy three outparcels. Darren Tappen, Nathan Thinnes and Peter Beauchamp of Kidder Mathews represented the seller in the transaction.
Windsor, Conn. — First National Realty Partners (FNRP) has acquired Windsor Court, a 78,500-square-foot shopping center located in Windsor, roughly 10 miles outside Hartford. A 64,195-square-foot Stop & Shop anchors the property. Other tenants include AT&T, Windsor Court Wine, Great Clips and Edible Arrangements. Paul Penman and Johnathan Martin of Newmark represented the undisclosed seller in the transaction.
Alhambra, Calif. — Three tenants have signed leases at The Shops at The Alhambra, a 17,800-square-foot retail center located in Alhambra. Labcorp and Johnny Rockets-Hurricane Grill will each occupy 2,000 square feet, and Burnt Belly will open a 1,640-square-foot restaurant at the property. The Ratkovich Co. is the landlord. GE Property Management represented The Ratkovich Co. in all the leasing negotiations. CBRE represented Labcorp, and Jack M. Bennett represented Fat Brands in the leasing negotiations for Johnny Rockets-Hurricane Grill. GE Property Management also represented Burnt Belly.
Woodbridge, Va. — A joint venture between Ideal Realty Group, Rock Creek Property Group and The Sigmund Cos. has purchased a portfolio of four regional shopping centers in Woodbridge for $52.8 million. The properties total 470,000 square feet and include Center Plaza, Mapledale Plaza, Forestdale Plaza and Glendale Plaza, all of which are located within three miles of each other along Dale Boulevard. The centers were 90 percent leased at the time of sale to tenants including Giant Food, Truist Bank, CVS/pharmacy, Ace Hardware, Advance Auto Parts, Wells Fargo and Dollar …
Tampa, Fla. — Marcus & Millichap has brokered the $7.3 million sale of a freestanding store located in Tampa. Publix occupies the 64,031-square-foot property on a net-lease basis. Situated on 6.3 acres, the store was built in 1977 as an Albertsons. Evan Cannan and Reid Thedford of Marcus & Millichap represented the seller, a private investor whose family has owned the land for nearly a century. Dean Zang, David Crotts, and Josh Ein of Marcus & Millichap procured the buyer.