Sun Valley, Idaho — Idaho-based Thomas Co. has arranged the $185 million sale-leaseback of a CVS/pharmacy portfolio. Situated within 16 states, the portfolio comprises 355,000 square feet across 28 stores. The properties, which will operate on a triple-net-lease basis, were free of debt at the time of sale.
New York City — PHOENIX — a new direct to consumer (DTC) platform led by WHP Global in collaboration with an affiliate of Simon Property Group, Brookfield Properties and Centennial Real Estate — has acquired the majority of apparel brand Express’ retail operating assets. PHOENIX is now the operator of the entirety of the brick-and-mortar and e-commerce portfolio of both Express and Bonobos, which features more than 450 physical stores.
Denver — Fast-casual food-and-beverage brand Smalls Sliders has signed a new, 10-unit franchise deal in Colorado, marking the concept’s first entry into the state. An entity doing business as Mountain Sliders LLC will own and operate the restaurants, which will be situated in metro Denver. Locations will include Boulder, Longmont, Greeley and Fort Collins, with the first unit scheduled to open in 2025.
Spanish Fort, Ala. — JLL has arranged the $33.2 million sale of Eastern Shore Centre, a 432,158-square-foot shopping center located in Spanish Fort, a suburb of Mobile. Jim Hamilton, Brad Buchanan and Andrew Nichols of JLL represented the seller, Allied Development, in the transaction. Chip Sykes, Hunter Goldberg, Hamp Gibbs and Mikey Minihan, also of JLL, arranged an undisclosed amount of acquisition financing on behalf of the buyer, Wicker Park Capital Management. Dillard’s anchors the property. Other tenants at the center include Belk, Shoe Station, Barnes & Noble, Stock & Trade, …
Naples, Fla. — Benderson Development has acquired Carillon Place, a 250,000-square-foot retail center located in Naples. Tenants at the property, which was 92 percent leased at the time of sale, include T.J. Maxx, DSW and Walmart. Other recent acquisitions in the state for Benderson include North River Marketplace, Glengary Shoppes and Linton Commons.
Washington, D.C. — Gantry has secured a $22.3 million loan for the acquisition of Cityline at Tenley, a retail center located in Washington, D.C. Tenants at the property, which totals 89,000 square feet and is situated within a mixed-use development, include Target, Ace Hardware and Bank of America. Braden Turnbull, George Mitsanas and Austin Ridge of Gantry arranged the seven-year, fixed-rate financing on behalf of the borrower, Lincoln Property Co. A life insurance company provided the loan.
Live Oak, Texas — DICK’S House of Sport has signed a 100,000-square-foot lease at Live Oak Town Center, a mixed-use development in Live Oak, roughly 20 miles northeast of San Antonio. The store will feature sportswear and equipment, as well as interactive experiences including a climbing wall, outdoor field, golf bays and a multi-sport cage. David Nicolson and Michael Schoenbrun of Weitzman arranged the lease. Weitzman is developing Live Oak Town Center, which is anchored by IKEA, in phases. Upon completion, the property will comprise more than 800,000 square feet of …
Barrington, Ill. — An affiliate of Next Realty LLC has sold The Shops at Flint Creek in the northwest Chicago suburb of Barrington to a private investor for an undisclosed price. Heinen’s anchors the 60,000-square-foot property. Additional tenants at the center include Athletico, Ascension Medical Group Illinois, Epic Burger and Club Pilates. Sean Sharko of Marcus & Millichap represented Next, which purchased the property in 2014, in the transaction.
Fayetteville, N.C. — Branch Properties and Columbia Properties have purchased a 16.7-acre development site in Fayetteville, with plans to break ground on Rockfish Village, a shopping center that will span 76,237 square feet. A 48,387-square-foot Publix will anchor the property. The center will also feature 27,850 square feet of inline retail space and 2.4 acres of outparcels. Branch and Columbia plan to break ground on the project early next year, with delivery scheduled for the end of 2025.
Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Stevenson Ranch Plaza, a 29,817-square-foot shopping center located in Santa Clarita. Catalyst Real Estate sold the property for an undisclosed price. Tutor Time anchors the center, which was built in 1999 and remodeled in 2023. Kevin Fryman, Ed Hanley, Sean Cox and Alexander Moore of Hanley represented the seller. Edmond Bina of EMB Properties represented the buyer.
