Dunedin, Fla. — CTO Realty Growth Inc. has acquired Granada Plaza, a 74,000-square-foot retail center located in the Tampa suburb of Dunedin. Publix anchors the property, which was 95 percent leased at the time of sale. An undisclosed seller sold the property for $16.8 million. According to LoopNet Inc., Granada Plaza was developed in 1983.
Fayetteville, Ark. — Edgemark Communities has purchased College Marketplace, a 64,226-square-foot shopping center located in Fayetteville. Whole Foods Market anchors the center, which was built on a seven-acre site in 2015 near the University of Arkansas campus. Other tenants at the property include Chipotle Mexican Grill, Great Clips, Cava and Alumni Hall.
Westlake, Fla. — An entity doing business as Westlake Palms, led by Don Hearing, has announced plans to develop a 10,400-square-foot retail center in Westlake in southeast Florida. Upon completion, the property, dubbed Westlake Palms, will comprise a multi-tenant building with seven tenant suites ranging from 1,305 square feet to 1,648 square feet in size. Situated within the Westlake master-planned community, the development will also feature 48 parking spaces, two electric vehicle charging spaces and bike storage. The project is fully pre-leased to tenants including an optometrist, dentist, orthodontist and café. …
Reidsville, N.C. — First National Realty Partners (FNRP) has acquired Freeway Crossing, an 88,647-square-foot shopping center located in Reidsville. A 39,708-square-foot Lowes Foods anchors the property. Other tenants at the center include Dollar Tree, Hibbett Sports, CATO, Workout Anytime and Papa Johns. Addison Montague of Berkley Capital Advisors represented the undisclosed seller in the transaction. This marks FNRP’s third acquisition in North Carolina.
Las Vegas — Vestar has been selected to provide management services for Vista Commons, a 100,000-square-foot retail center located in the Summerlin neighborhood of Las Vegas. Albertsons anchors the property, which is fully occupied. Other tenants at the center include Wells Fargo, State Farm, Subway, Bank of America and Dunkin’ Donuts. Vestar will manage Vista Commons on behalf of an institutional client that recently acquired the property. Gleb Lvovich and Daniel Tyner of JLL Capital Markets brokered the acquisition. This marks the fifth Las Vegas property in Vestar’s management portfolio.
Middlesex and Watchung, N.J. — Planet Fitness has signed two new leases in New Jersey. The tenant will occupy 15,500 square feet at Middlesex Corner in Middlesex and 21,850 square feet at Blue Star Shopping Center in Watchung. Ed Vasconcellos of Levin Management Corp. represented the landlord of Middlesex Corner in lease negotiations, and Raymond Villafana of Franchise Realty represented Planet Fitness. Jack Chera of RIPCO represented Planet Fitness in lease negotiations for Blue Star Shopping Center, with E.J. Moawad of Levin representing the landlord. Franchisees will own and operate the …
Grapevine, Texas — The Woodmont Co. has brokered the sale of Grapevine Centre, an 85,421-square-foot retail center located in Grapevine. Tenants at the property, which was fully leased at the time of sale, include Petco, Harbor Freight Tools, JOANN Fabric and Crafts, Dollar Tree and Angel’s Attic. Russel Wehsener and Bryan Dyer of The Woodmont Co. represented the seller, an entity doing business as Grapevine Beall Center LLC, in the transaction. Roger Smeltzer of Vision Commercial represented the undisclosed buyer.
Woburn, Mass. — CBRE has arranged the $11.2 million sale of a Woburn Plaza, a 31,994-square-foot shopping center located in Woburn, on the northern outskirts of Boston. Tenants at the property include West Marine, Eastern Bank and Mattress Firm. Nat Heald, Kyle Juszczyszyn, Connor Scott and Jordana Roet of CBRE represented the seller, Linear Retail Properties, in the transaction. Chestnut Realty Management acquired the property.
Temecula, Calif. and Orlando, Fla. — Beverage concept Sip Fresh has announced plans to open stores in Temecula, California, and Orlando, Florida. Situated within Promenade Temecula, the new venue is scheduled to open in early 2025. Franchisee Kevin Tam will own and operate the unit. The Florida store will be located within Florida Mall. Each store will total roughly 1,200 square feet.
Aurora, Ill. — Marcus & Millichap has negotiated the sale of a six-tenant retail center located in Aurora. Built in 2010, the property totals 12,684 square feet. A private investor acquired the center, which was fully occupied at the time of sale, for $3.4 million. Coult Greenwell and Mitchell Kiven of Marcus & Millichap represented the seller in the transaction.