Author

Hayden Spiess

Hawthorne-Plaza_Middle-River-Md

Middle River, Md. — Neuman Commercial Group has arranged the $6.4 million sale of Hawthorne Plaza, a shopping center located in Middle River, roughly 10 miles outside downtown Baltimore. Originally developed in 1960, the property totals 69,582 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Family Dollar, ExoticHaus Furniture and Geresbeck’s Food Market. Gil Neuman of Neuman Commercial Group represented the buyer, Rockpark Group with Redwood Capital Group, in the transaction. Thornhill Properties Management represented the seller, Hawthorne Inc. 

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Santa Ana, Calif. — Five new tenants have signed leases at MainPlace, a three-story shopping center located in Santa Ana. FYE, Express, WOW Games and Flowers on Wheels are now open at the property, occupying 6,326; 7,907; 1,326; and 1,199 square feet, respectively. Lollicup Fresh will also join the tenant lineup and is scheduled to open a 1,328-square-foot shop this month. Centennial owns and operates the shopping center, which features roughly 150 retailers and restaurants. 

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Falcon-Ridge-Town-Center-Fontana-CA

Fontana, Calif. — A joint venture between MCB Real Estate and a fund managed by DRA Advisors has purchased Falcon Ridge Town Center, a retail center located in Fontana, for $65 million. Built in 2005 and renovated in 2023, the property totals 273,424 square feet. Tenants at the center, which was fully leased at the time of sale, include Ulta Beauty, Famous Footwear, Five Below, Michaels, Dollar Tree and Ross Dress for Less.

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Main-Marketplace_Frisco-Texas

Frisco, Texas — Matthews Real Estate Investment Services has arranged the sale of Main Marketplace, a 115,736-square-foot retail center located in Frisco. Situated on 14.7 acres, the property was 97 percent leased at the time of sale. Current tenants at the center include Capriotti’s Sandwich Shop, Flix Brewhouse and Texas Family Fitness. Baylor Worman and Grayson Duyck of Matthews represented the buyer, a private investor, in the transaction. Michael Austry and Jared Aubrey of CBRE represented the seller. 

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College-Plaza_Fort-Myers-Fla

Fort Myers, Fla. — CBRE has brokered the $14.6 million sale of College Plaza, a retail center located in Fort Myers. An entity doing business as College Plaza Center LLC acquired the property from an entity doing business as College Venture 1 LLC. Jim Shiebler of CBRE represented both the buyer and seller in the transaction. Tenants at College Plaza, which totals 56,386 square feet, include Ada’s Natural Market, West Marine and Pet Supermarket. The center also features an outparcel occupied by Five Guys, Tijuana Flats and The Good Feet Store. 

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Pasadena, Texas — Headwall Investments has acquired Fairmont Crossing Retail Center, a 29,114-square-foot shopping center located in Pasadena, roughly 15 miles outside Houston. Tenants at the property, which is situated on 3.3 acres, include Red Wing Shoes, Thriveworks, Just Love Coffee, Kirkwood Medical Associates and Fidelity National Title. The property was originally developed in two phases in 2008 and 2012. 

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Chicago — Grocery chain Save A Lot and Yellow Banana, a grocery platform that owns and operates Save A Lot stores, have announced the reopening of six remodeled stores in Chicago. Each of the stores has undergone extensive interior and exterior renovations. Openings have commenced and are scheduled to continue through the fall. Renovations at the locations included the addition of new flooring, lighting, equipment, HVAC systems, dairy and meat cases, paint, décor, fixtures and signage. 

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Southside-Square_Kernersville-N.C

Kernersville, N.C. — Legacy Realty Group Advisors has brokered the $17 million sale of Southside Square, a shopping center located in Kernersville. The property totals 80,240 square feet across five buildings. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy represented both the buyer and seller in the transaction. 

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Newark, N.J. — New Jersey-based PGIM Real Estate has sold a portfolio of seven grocery-anchored shopping centers in Florida. An undisclosed buyer purchased the portfolio, which comprises a total of 608,314 square feet of retail space, for $223.9 million. Danny Finkle, Eric Williams, Jorge Portela and Kim Flores of JLL represented PGIM in the disposition. Properties in the portfolio include Crestwood Square in Royal Palm Beach; Davie Shopping Center and Regency Square in Davie; Gladiolus Gateway in Fort Myers; Town Center at Orange Lake and Village Shops at Bellalago in Kissimmee; …

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Chick-fil-A

Atlanta — Atlanta-based Chick-fil-A has announced plans to open 25 to 30 new restaurants in Michigan by the end of 2028. Plans include locations in metro Detroit and Ann Arbor, as well as in the Lansing, Jackson, Flint-Saginaw and Benton Harbor areas. Openings are scheduled to begin later this year. The brand first entered the state in 2015. 

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