Warren, Mich. — Liquidation sales retailer Big Discount Lot has signed an 8,000-square-foot retail lease at Pickwick Plaza in Warren, a northern suburb of Detroit. Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord.
Escondido, Calif. — Bridge Group Investments and Steerpoint Capital have acquired North County Mall in Escondido, about 30 miles north of San Diego. Unibail-Rodamco-Westfield (URW) was the seller, according to the Escondido Times-Advocate. The sales price was undisclosed. Situated on almost 83 acres, North County Mall totals nearly 1.3 million square feet. Tenants include Target, Macy’s, JC Penney, 24 Hour Fitness, Forever 21, H&M, Apple, Cheesecake Factory, BJ’s Restaurant and Brewhouse, Black Angus Steakhouse, On the Border and more. The mall opened in 1986. Although no plans were released for …
Roanoke, Va. — Cushman & Wakefield | Thalhimer has brokered the sale of Oak Grove Plaza in Roanoke. Omma Management LLC purchased the property for $4.8 million. Located at 2061 Electric Road, the retail center comprises 49,881 square feet. William D. Poe and Payal Shah of Cushman & Wakefield | Thalhimer represented the undisclosed seller in the transaction.
Spring, Texas — Hanley Investment Group Real Estate Advisors has arranged the sale of Stables Town Center, a 42,800-square-foot shopping center located in Spring, approximately 25 miles north of Houston. Walgreens anchors the property, which was built in 2001. Other tenants at the center include Texas American Title, Elite Spine and Health Center and Coldwell Banker. Kevin Fryman of Hanley, in association with ParaSell Inc., represented the undisclosed seller in the transaction. Wu Properties acquired the property for an undisclosed price.
Franklin Park, Ill. —Marcus & Millichap has negotiated the $4.7 million sale of a 42,111-square-foot retail center in the Chicago suburb of Franklin Park. Just Tires anchors the property and has operated out of the location since 1975. Mitchell Kiven, James Ziegler and Keith Zelenika of Marcus & Millichap represented the seller, an investment fund with several partners based primarily in Chicago. Kiven also procured the buyer, Jupiter Texas Group. Dean Giannakopoulos and Frank Montalto of Marcus & Millichap Capital Corp. arranged acquisition financing on behalf of the buyer.
Columbia, S.C. — NAI Columbia has sold a 40,883-square-foot retail center located in Columbia’s NOMA District. Dubbed the “Ultra Hub,” a 30,000-square-foot O’Reilly Auto Parts store, warehouse and distribution center anchors the property. North Main Kidney Center and TitleMax are also tenants at the shopping center. NAI Columbia’s development team purchased the property, formerly home to a BI-LO grocery store, in December 2021 before making extensive renovations. Ben Kelly and Patrick Chambers of NAI Columbia brokered the sale to the undisclosed buyer.
Alpharetta, Kennesaw and Roswell, Ga. — Coro Realty and Pope & Land Enterprises have sold three shopping centers totaling 120,000 square feet in metro Atlanta. The joint venture acquired the properties as a portfolio in February 2020, purchasing them from Muntzing-Sattele. Most recently, the partnership completed the disposition of Brookside Station, a 23,500-square-foot retail center located Alpharetta, a northeast suburb of Atlanta. In August 2022 the partners sold Town Center Oaks, a 52,000-square-foot shopping center in Kennesaw, roughly 30 miles northwest of Atlanta. Mimms Enterprises acquired Mansell Oaks, a 43,000-square-foot …
Vineland, N.J. — Marcus & Millichap has brokered the $19.3 million sale of Maintree Shopping Center, a 138,445-square-foot retail center located in Vineland, approximately 40 miles southeast of Philadelphia. Acme anchors the center, which was originally built in 1996. Other tenants include Boston Market, Burger King, Pizza Hut, Sino Wok and Primo Hoagies. Joseph French Jr., Kodi Traver and Thomas Dalzell of Marcus & Millichap represented the seller, a New Jersey-based limited liability company, in the deal. French also procured the buyer, a California-based private investor.
Blue Springs, Mo. —Copperleaf Village, located in Blue Springs, about 19 miles southeast of downtown Kansas City, has been sold for $6.9 million. The 32,978-square-foot retail center was 82 percent leased at the time of sale. Tenants include medical, dental, restaurant, convenience, fitness and insurance companies. The property was originally built in 1973 and renovated in 2006. Zach Turner, Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented the seller, a Kansas City-based partnership. The team also procured the buyer, an out-of-state limited liability company.
Friendswood, Texas —Baker Katz has acquired a 20,000-square-foot freestanding retail building in Friendswood, a southeastern suburb of Houston, with plans to reposition the property. According to LoopNet Inc., the building was originally built in 1980 as a pad structure for Baybrook Mall. Ben Brown negotiated the purchase for Baker Katz on an internal basis.