Tuesday, June 17, 2025
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Julia Sanders

Hancock Village
Investment salesNewsVirginia

Stan Johnson Brokers $11.1 Million Sale of Burlington-Anchored Shopping Center in Metro Richmond

by Julia Sanders

Chesterfield, Va. — Stan Johnson Co. has brokered the sale of Hancock Village Phase II, a 61,500-square-foot shopping center located at 14601 Hancock Village St. in Chesterfield. The multi-tenant retail center, anchored by Burlington, was fully leased at the time of sale. Jason Taylor of Equity Management Group Inc. represented the Lexington, Kentucky-based buyer in the acquisition of the property for $11.1 million through a 1031 exchange. Caldwell and Patrick Kelley of Stan Johnson Co. represented the seller, a Virginia-based developer. Hancock Village Phase II is part of a community …

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FloridaInvestment salesNews

Abbhi Capital Purchases One-Acre Development Parcel at Miami Worldcenter for $20 Million

by Julia Sanders

Miami — Abbhi Capital has purchased a one-acre parcel within Miami Worldcenter for $20 million. The seller was Miami Worldcenter Associates, the developer behind Miami Worldcenter doing business as MWC Block A LLC. The $4 billion, 27-acre mixed-use project is now underway in downtown Miami across 10 city blocks. Robert Given, Troy Ballard and James Quinn of Cushman & Wakefield represented the seller in the land transaction. The assemblage includes 45,000 square feet of developable space. The property, known as the west parcel of Miami Worldcenter’s “Block A,” is located …

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Floor and Decor
Investment salesLeasingNewsTexas

BV Capital, Archway Acquire 79,684-Square-Foot Property Leased to Floor & Décor in Houston

by Julia Sanders

Houston — A fund backed by BV Capital and Archway Properties has acquired a 79,684-square-foot showroom and warehouse in Houston that is triple-net leased to home improvement merchandiser Floor & Décor. The property is located within Park Air 59, Archway’s mixed-use development near George Bush Intercontinental Airport that was completed in late 2019.

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Retail Center
Investment salesNevadaNews

Black Lion Investment Divests of Cheyenne Plaza in Las Vegas for $6.5 Million

by Julia Sanders

Las Vegas — An affiliate of Black Lion Investment Group has completed the disposition of Cheyenne Plaza, located at the intersection of Cheyenne Avenue and Jones Boulevard in Las Vegas. The $6.5 million sale of the remaining 18,615 square feet of retail space was the culmination of Black Lion’s renovation and full lease-up of the property. The name of the buyer was not released. Current tenants include Cricket Wireless, Dotty’s sports bar, Aria Nails, La Michoacana Plus ice cream, 7 Plus Agua and Toro Taxes.

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Autozone
Faris Lee InvestmentsInvestment salesLeasingNewsUtah

Faris Lee Arranges $1.8 Million Sale of Autozone Ground Lease in Taylorsville, Utah

by Julia Sanders

Taylorsville, Utah — Faris Lee Investments has arranged the $1.8 million sale of an Autozone ground lease in Taylorsville. Don MacLellan and Tom Chichester of Faris Lee Investments represented the seller in the transaction, a private equity fund out of Dallas. The AutoZone ground lease sold for a 4 percent cap rate with 20 years remaining on the lease. The buyer was in a 1031 exchange and closed with all cash at asking price. The Autozone property is part of The Crossroads at Taylorsville, a community center that is co-anchored …

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Elliot Shirwo
SCBlog

RETAIL IS COMING BACK: An Opportunity for Private Lenders

by Julia Sanders

By Elliot M. Shirwo, Founder and Principal BridgeCore Capital, Inc. While the pandemic struck a massive blow to retail real estate in 2020, as vaccinations rapidly enter arms in 2021, recovery will begin to set in providing myriad opportunities as several factors converge: cities fully reopen for retail business; traditional financing returns to pre-Covid underwriting levels; reimagination and re-utilization of retail space; and forbearances, abatements, repayments and evictions play out through court judgements, contract settlements, bankruptcies and business turnarounds. While this cleansing process is taking place, retail is returning for …

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Dick's Sporting Goods
DevelopmentNew YorkNews

Dick’s Sporting Goods Opens 100,000-Square-Foot House of Sport Store at Eastview Mall in Victor, New York

by Julia Sanders

Victor, N.Y. — Dick’s Sporting Goods has opened a 100,000-square-foot store known as House of Sport at Eastview Mall in Victor, located in western New York. The store features a 17,000-square-foot outdoor turf field and running track, a rock-climbing wall, batting cage, golf driving bays and a health and wellness area for customers dealing with athletic injuries. The Pittsburgh-based retailer plans to open a second House of Sport store in Knoxville, Tennessee, later this year.

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Circle K
ArizonaCompany newsNews

Circle K to Sell 306 Convenience Stores Across the U.S., Canada

by Julia Sanders

Tempe, Ariz. — Circle K Stores Inc. has announced plans to sell 269 of its convenience stores across 29 states in the U.S. and 37 stores in Canada. The stores feature an average building size of 2,600 square feet and an average lot size of 29,500 square feet. Of the 306 locations, 122 are fee-owned and 184 are leased, while 238 properties sell fuel and 68 are convenience only. NRC Realty & Capital Advisors has been tapped to market the properties, which are being offered in packages grouped primarily by …

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7-11
FloridaInvestment salesLeasingNews

Marcus & Millichap Arranges $11.3 Million Sale of Miami Beach Property Leased to 7-Eleven

by Julia Sanders

Miami Beach, Fla. — Marcus & Millichap has arranged the $11.3 million sale of a 4,370-square-foot retail property leased to 7-Eleven in Miami Beach. Alejandro D’Alba and Scott Sandelin of Marcus & Millichap marketed the property on behalf of the seller, an individual/personal trust known as Armando’s Service Station Inc. (dba 7/11 Store). The buyer was Power Petroleum Inc, a fuel supplier based in South Florida that distributes multiple brands. The 7-Eleven convenience store is located on 6348 Collins Ave. and has been operating at this location since 2009. The …

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Falls Plaza
DevelopmentNewsVirginia

Federal Realty to Redevelop 144,000-Square-Foot Shopping Center in Falls Church, Virginia

by Julia Sanders

Falls Church, Va. — Federal Realty Investment Trust will soon break ground on the redevelopment of Falls Plaza, a 144,000-square-foot, grocery-anchored shopping center located at 1200 W Broad St. in Falls Church. The project will include façade renovations, new signage, landscaping, decorative lighting and the addition of multiple outdoor amenity areas. Federal Realty expects to complete the project later this year, ahead of the holiday shopping season. In addition to the renovation, the center will be renamed and rebranded as Birch & Broad. Tenant Giant Food is also set to …

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