Mesa, Ariz. — Peak Southern LLC has purchased a 5.8-acre land site in the Phoenix suburb of Mesa. Signal Butte & Southern LLC sold the property for $3 million. John Jackson and Kristina Remon of Colliers in Arizona arranged the transaction. The buyer plans to develop a retail center on the property. According to Colliers, the property will be divided into three pad sites that are available for purchase, build-to-suit or ground lease, and the construction schedule will be dependent upon the execution of purchases and leases.
Goldsboro, N.C. — Burlington and Five Below have opened stores at Berkeley Mall, a 458,000-square-foot enclosed mall in Goldsboro. The retailers are now operating within a space formerly occupied by Sears. Belk and JCPenney anchor the property, which is managed by Childress Klein.
Buckeye, Ariz. — Sunbelt Investment Holdings (SIHI) has broken ground on Buckeye Commons, a 410,000-square-foot retail center in Buckeye, a suburb west of Phoenix. Butler Design Group designed the project, with CHASSE Building Team serving as the general contractor. Tenants at the property will include Over Easy, Starbucks Coffee, Jimmy John’s, The Joint Chiropractic, State Farm and DIP Nail Bar, in addition to a 160,938-square-foot Costco that opened in July 2023. Store openings are scheduled to begin in mid-2025. Greg Laing, Zach Pace and Teale Bloom of Phoenix Commercial Advisors handle …
Marcus & Millichap Brokers $18 Million Sale of 129,059-Square-Foot Shopping Center in Troy, New York
Troy, N.Y. — Marcus & Millichap has brokered the $18 million sale of Hudson River Commons, a 129,059-square-foot shopping center located in Troy. Big Lots anchors the property, which is situated on a 12.2-acre site. Other tenants at the center, which was 97 percent leased at the time of sale, include Friendly’s, Sonic, Subway, Starbucks Coffee, Family Dollar and Saratoga National Bank. Joseph French and Kodi Traver represented the seller and procured the buyer in the transaction.
Fayetteville, Ark. — Fast-casual brand Slim Chickens has signed a franchise deal for the development of 25 new restaurants in Virginia. Mid-Atlantic Restaurant Group (MARG) will own and operate the units. MARG’s existing franchise portfolio in the state includes Subway, Tropical Smoothie, Dunkin’ Donuts and Fuzzy’s Taco Shop restaurants. The first new Slim Chickens is scheduled to open this year.
Dallas — H-E-B has broken ground on a 55,000-square-foot Joe V’s Smart Shop in Dallas. Scheduled to open in spring 2025, this marks the second Joe V’s-branded store in the city. Construction is currently underway at the other Dallas location, with an opening scheduled for summer of this year.
North Augusta, S.C. — Matthews Real Estate Investment Services has arranged the sale of Martintown Plaza, a 143,716-square-foot retail center located in North Augusta. Belk, Planet Fitness and Goodwill anchor the property, which was built in 1975 and renovated in 2012. Kyle Stonis, Pierce Mayson, Jeff Enck and Boris Shilkrot of Matthews represented the undisclosed seller in the transaction.
Sanford, Fla. — CTO Realty Growth has acquired Marketplace at Seminole Towne Center, a 318,000-square-foot retail center located in Sanford, approximately 25 miles outside Orlando. An undisclosed seller sold the center for $68.7 million. Situated on 41 acres, the property was 98 percent leased at the time of sale. Burlington, Marshalls, World Market, Petco, Ross Dress for Less, Old Navy, Ulta Beauty and Five Below anchor the center.
Seattle — Marcus & Millichap has arranged the $3.2 million sale of a gas station property located in the Ballard neighborhood of Seattle. Shell occupies the property on a net-lease basis. Hank Wolfer of Marcus & Millichap’s Seattle office represented the undisclosed seller in the deal.
Yardley, Pa. — Wegmans has opened a new 88,000-square-foot store in Yardley. Situated within Prickett Preserve, the store offers prepared foods, wine and beer, in addition to groceries. This marks the nineteenth location in the state for the brand, which now has a portfolio of 111 stores.