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Hayden Spiess

Village-at-Gateway_Forney-Texas
DevelopmentMixed-useNewsTexas

StreetLevel Breaks Ground on 120-Acre Mixed-Use Development in Texas

by Hayden Spiess

Forney, Texas — StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney. Designed by GFF and constructed by general contractor Ridgemont Commercial Construction, the project will be situated within the 2,000-acre Gateway master planned development. The first phase will comprise 500,000 square feet of retail space. A 144,000-square-foot Target will anchor the property, and other tenants will include The Home Depot and H-E-B. The development will also feature nine outparcels, as well as sites for future multifamily residential space. Completion of the first phase is …

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Huntington Oaks Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Arranges Sale of 250,787-Square-Foot Shopping Center in Southern California

by Hayden Spiess

Monrovia, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Huntington Oaks Center, a 250,787-square-foot shopping center located in Monrovia, approximately 20 miles outside Los Angeles. Built in 1984, the property was 75 percent occupied at the time of sale. Tenants at the center include Trader Joe’s, Burlington, Marshalls, Crunch Fitness, Chili’s Grill & Bar, Mimi’s Café, Chipotle Mexican Grill and Panda Express. A Kohl’s is also located at the property but was not included in the sale. Hanley represented the seller in the transaction.

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Lowes
FloridaInvestment salesNews

SRS Brokers $14.3 Million Sale of Retail Property in Metro Tampa 

by Hayden Spiess

Odessa, Fla. — SRS Real Estate Partners has brokered the $14.3 million sale of a newly built freestanding retail property in Odessa, a suburb of Tampa. Lowe’s Home Improvement occupies the 137,554-square-foot property on a 20-year absolute net ground lease. Matthew Mousavi and Patrick Luther of SRS represented the California-based buyer in the all-cash transaction. Patrick Wagor of Atlantic Capital Partners represented the seller, a privately held development firm. 

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FloridaGrocery-anchoredInvestment salesNews

Wilder Acquires 65,417-Square-Foot Retail Center in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Wilder has acquired the Shoppes at Palmer Ranch, a 65,417-square-foot retail center located in Sarasota. Publix anchors the property with a store featuring a drive-thru pharmacy and Publix Liquors. Other tenants at the center include Dental Care at Palmer Ranch, Sherwin-Williams, Wellness Animal Hospital, Ann Volcano Nail Lounge and Fuji Sushi Steakhouse. Brad Peterson of Colliers represented the seller, WMG Development, in the transaction. Donald Jennewein of Colliers arranged acquisition financing on behalf of Wilder. 

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Investment salesNewsNorth Carolina

Legacy Arranges Sale of 54,803-Square-Foot Shopping Center in Cary, North Carolina

by Hayden Spiess

Cary, N.C. — Legacy Realty Group Advisors has arranged the sale of Hemlock Plaza, a 54,803-square-foot shopping center located in Cary. Jacob Baruch, Daniel Baruch and Max Yardeni of Legacy represented the buyer in the transaction. Daniel Walser and David Divine of APG Advisors represented the seller. 

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Walgreens-Indiana
IndianaInvestment salesNet leaseNews

Marcus & Millichap Brokers $2.4 Million Sale of Walgreens-Occupied Property in Bluffton, Indiana

by Hayden Spiess

Bluffton, Ind. — Marcus & Millichap has brokered the $2.4 million sale of a single-tenant retail property in Bluffton, roughly 25 miles south of Fort Wayne. Built in 2023, the building is occupied by Walgreens, with approximately 4.5 years remaining on the triple-net lease. Jordan Klink and David Klink of Marcus & Millichap represented the seller, Eureka Limited Co., and procured the buyer, Valuecom22 LLC, in the transaction.

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Crossings-Corona-CA
CaliforniaFinanceNews

Castle & Cooke Secures $140 Million Financing for Crossings at Corona Retail Center in California

by Hayden Spiess

Corona, Calif. — Castle & Cooke has received $140 million in financing for Crossings at Corona, a retail center located in Corona. Delivered in 2005, the property totals 833,995 square feet. Tenants at the property include Marshalls, Kohl’s, HomeGoods, Sportsman’s Warehouse, Burlington and Edward’s Theatre. John Marshall, Spencer Seibring and Nick Englhard of JLL Capital Markets arranged the loan through Deutsche Bank AG. 

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Publix_Dacula-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Hanley Brokers $25 Million Sale of New Publix-Anchored Shopping Center in Dacula, Georgia

by Hayden Spiess

Dacula, Ga. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of Publix at Harbins 316, a shopping center located in Dacula, roughly 40 miles outside Atlanta. Tenants at the center, which is anchored by Publix, include Great Clips, Starbucks Coffee, Jersey Mike’s Subs, Wingstop, The UPS Store and Heartland Dental. Ed Hanley and Kevin Fryman of Hanley, with ParaSell Inc., represented the buyer, a San Diego-based investor, in the transaction. Chris Decouflé, Kevin Hurley and Matt Karempelis of CBRE represented the seller, Watkins Real Estate Group.

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EntertainmentLeasingNewsPennsylvania

Apple Cinemas Signs 82,000-Square-Foot Lease at Retail Center in Philadelphia

by Hayden Spiess

Philadelphia — Apple Cinemas has signed an 82,000-square-foot lease at Riverview Plaza III, a retail center located in Philadelphia. Tower Investments owns the development, which is situated one mile from Center City. Richard Soloff of Soloff Realty & Development manages leasing for the property.  Founded in 2010, Apple Cinemas currently operates multiple theaters across six states. Other locations include Greece and Hicksville, New York; San Francisco and Danville, California; and Royal Palm Beach, Florida. 

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Shopping-Center_Buffalo-Grove-Ill
IllinoisInvestment salesNews

Quantum Brokers $3.9 Million Sale of Shopping Center in Metro Chicago

by Hayden Spiess

Buffalo Grove, Ill. — Quantum Real Estate Advisors Inc. has brokered the $3.9 million sale of a 94,000-square-foot shopping center located in the northwest Chicago suburb of Buffalo Grove. At the time of sale, the property was 51 percent leased to tenants including Aldi, Dollar Tree and AutoZone. Brett Berlin of Quantum represented the buyer, a private developer based in Illinois that plans to redevelop the center. The previous owner lost the property to its lender. 

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