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Hayden Spiess

Magnolia-Village-Houston
DevelopmentLeasingMixed-useNewsRestaurantsTexas

Seven New Tenants Sign on to 60-Acre Development in Houston

by Hayden Spiess

Houston — Magnolia Village, a 60-acre mixed-use development currently under construction in Houston, will see the addition of seven new tenants to its 36-acre first phase. Gulf Coast Commercial Group Inc. has secured leases with Crust Pizza Co., Pacific Dental Services, Taco Bell, McDonald’s, Mister Car Wash, Sports Clips Haircuts and Nails of America. Danny Miller of Gulf Coast represented the landlord in all negotiations. Thomas Holdsworth of Ironbridge Realty Partners also represented the landlord in the agreements with Crust Pizza Co., Pacific Dental Services and Nails of America. Brett …

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FinanceNew YorkNews

Triple Five Secures Financing for 3 Million-Square-Foot American Dream Development Near New York City

by Hayden Spiess

East Rutherford, N.J. — Triple Five — owners of American Dream — have secured financing for the 3 million-square-foot development, which is located in East Rutherford, roughly 13 miles outside of New York City. Financing, provided by a group led by JP Morgan, was obtained for an extended term of four years, maturing in October of 2026. Attractions at American Dream include DreamWorks Water Park, Nickelodeon Universe Theme Park, LEGOLAND Discovery Center, SEA LIFE Aquarium, Big SNOW Ski Hill and Dream Wheel. Retail and food and beverage tenants include Saks …

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Gardens-at-Great-Neck-Long-Island
Grocery-anchoredInvestment salesNew YorkNews

Kimco Acquires Eight-Property Shopping Center Portfolio on Long Island for $375.8 Million

by Hayden Spiess

Jericho, N.Y. — Kimco Realty (NYSE: KIM), a retail and mixed-use real estate REIT based in Jericho, has acquired a portfolio of eight shopping centers on Long Island. Kabro Associates, a privately held owner based in Woodbury, N.Y., sold the portfolio to Kimco for $375.8 million. Each of the eight retail centers, five of which are grocery-anchored, are located within a 15-minute drive of the Kimco corporate headquarters in Jericho. The centers in the sold portfolio include: • The Gardens at Great Neck • Woodbury Common • The Market Place • …

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KinderCare
CaliforniaInvestment salesNet leaseNews

SRS Real Estate Arranges Sale of 14 KinderCare-Occupied Properties Across US

by Hayden Spiess

Newport Beach, Calif. — SRS Real Estate Partners has arranged the sale of 14 single-tenant retail properties occupied KinderCare Learning Centers. The buildings sold in separate transactions totaling $60 million. The KinderCare Centers are located in Wisconsin, Florida, North Carolina, Iowa, Nebraska and Michigan. Chad Lieber of Newport Beach, California-based SRS represented the undisclosed sellers. Private investors acquired the properties, which range in size from 10,000 to 13,000 square feet. A majority of the transactions were 1031 exchanges and approximately half were all-cash.

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Webster-Plaza-Webster-NY
Investment salesNew YorkNews

Horvath & Tremblay Brokers $18.6 Million Sale of Shopping Center in Webster, New York

by Hayden Spiess

Webster, N.Y. — Horvath & Tremblay has arranged the sale of Webster Plaza, a 154,991-square-foot retail center located in Webster, approximately 10 miles northeast of Rochester. Bob Horvath, Todd Tremblay and Jeremy Black of Horvath & Tremblay represented the undisclosed seller in the $18.6 million transaction. Tenants at the center, which is anchored by Savers, include a public library, Pet Supplies Plus, Starbucks Coffee, Subway, Fed-Ex, Yolickity, KeyBank, Bank of America and Burger King. KeyBank, Bank of America and Burger King occupy freestanding single-tenant buildings at the property.

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emerald-plantation-shopping-center-emerald-isle-nc
Grocery-anchoredInvestment salesNewsNorth Carolina

JLL Brokers Sale of 102,539-Square-Foot Shopping Center in Coastal North Carolina

by Hayden Spiess

Emerald Isle, N.C. — JLL has arranged the sale of Emerald Plantation Shopping Center, a 102,539-square-foot retail center located in Emerald Isle on the coast of North Carolina. Tom Kolarczyk of JLL represented the seller, Cameron Street Partners, in the $12 million transaction. Charlie Barzola of Eastern Commercial represented the undisclosed buyer. The shopping center, which is anchored by Food Lion, was 100 percent leased at the time of sale to tenants including Michelangelo’s Pizza, Shark’s Den Bar and Grill, Rucker John’s and Elly’s.

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Shops-Phillips-Circle_Lynchburg
Investment salesNewsRestaurantsVirginia

Cushman & Wakefield | Thalhimer Brokers $4.6 Million Sale of Retail Strip Center in Lynchburg, Virginia

by Hayden Spiess

Lynchburg, Va. — Cushman & Wakefield | Thalhimer has brokered the $4.6 million sale of Shops at Phillips Circle, a retail strip center located at 19399 Forest Road in Lynchburg. Built in 2018, the center was fully leased at the time of sale to tenants including Starbucks Coffee, East Coast Wings and Nothing Bundt Cakes. The Charles and Margaret Levin Family LP based in Washington, D.C., purchased the property from Riverbend Development. Catharine Spangler, John Pritzlaff and Jenny Stoner of Thalhimer represented the seller in the transaction.

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Plaza-Fiesta_Atlanta
GeorgiaGrocery-anchoredInvestment salesNews

Sarofim Realty Advisors Sells 343,748-Square-Foot Plaza Fiesta Shopping Center in Atlanta

by Hayden Spiess

Atlanta — Sarofim Realty Advisors has sold Plaza Fiesta, a 343,748-square-foot retail center located on Buford Highway in northeast Atlanta. Chris Decoufle, Kevin Hurley, Matt Karempelis, Mike Burkard and Steve Shields of CBRE represented the seller in the transaction. Asana Partners acquired the property for an undisclosed price. Mercado Fresco anchors the plaza, which was 95 percent leased at the time of sale to tenants including Ross Dress for Less, Planet Fitness, Ollie’s and Aaron’s.  The property also includes a freestanding CVS/pharmacy and QuikTrip.

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Annapolis-Town-Center-Annapolis-Md
DevelopmentGrocery-anchoredLeasingMarylandMixed-useNews

Trademark Completes Renovation of 2 Million-Square-Foot Mixed-Use Development in Annapolis

by Hayden Spiess

Annapolis, Md. — Trademark Property Co. has completed the renovation of Annapolis Town Center, a mixed-use development comprising 2 million square feet in Annapolis. Improvements to the property included the addition of green space and a new community gathering area called Green Village; a climate-controlled paseo for improved connectivity and walkability; improved signage and wayfinding; and art from local artists. Whole Foods Market and Target anchor the property, which is home to retailers including Anthropologie, Restoration Hardware and Paper Source. A number of new tenants are set to open within …

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Pavilions-Mesa-AZ
ArizonaInvestment salesNews

Phoenix Commercial Advisors Arranges $22 Million Sale of The Pavilions Shopping Center in Mesa, Arizona

by Hayden Spiess

Mesa, Ariz. — Phoenix Commercial Advisors has arranged the $22 million sale of The Pavilions, a neighborhood retail center located in Mesa. At the time of sale, the 129,674-square-foot property was 96 percent leased. Current tenants include Great Clips, Banner Urgent Care, Native Grill & Wings, Over Easy and Villa Tuscana, a reception hall for weddings and other large events. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the deal.

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