Thursday, June 19, 2025
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Julia Sanders

Lido Marina Village
CaliforniaFinanceNews

George Smith Partners Arranges $45.6 Million Loan for Lido Marina Village in Newport Beach

by Julia Sanders

Newport Beach, Calif. — George Smith Partners has arranged $45.6 million in bridge financing on behalf of DJM Capital for the recapitalization of Lido Marina Village, a multi-block, waterfront retail and office property on Balboa Peninsula in Newport Beach. Lido Marina Village features 106,000 square feet of retail, restaurant and office space in 14 separate structures, including waterfront retail and restaurant space, as well as 47 boat slips. Current tenants include Nobu, Malibu Farm, Elysse Walker, LoveShakeFancy, Serena & Lily and Jenni Kayne. Steve Bram, David Pascale and Patrick O’Donnell …

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Cleeman Shopping Center
Investment salesNewsPennsylvania

Cleeman Realty Group Arranges the $4.8 Million Sale of Village Center in Tunkhannock, Pennsylvania

by Julia Sanders

Tunkhannock, Penn. — Cleeman Realty Group has arranged the $4.8 million off-market sale of Village Center Shopping Center in Tunkhannock. The 68,000-square-foot center is anchored by Weis supermarket and the local DMV. The property sits on 6.9 acres and was 93 percent occupied at the time of sale. Cleeman Realty Group represented the undisclosed buyer and seller in the transaction.

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Dollar General
Investment salesNewsOhio

Hanley Investment Group Arranges $3.1 Million Sale of Two Dollar General Properties in Windham and Bradner, Ohio

by Julia Sanders

Windham and Bradner, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of two single-tenant Dollar General properties in Windham and Bradner, Ohio, for a combined total of $3.1 million. Beau Velten, Jeff Lefko and Bill Asher of Hanley Investment Group, in conjunction with ParaSell Inc., represented the San Diego, California-based 1031 exchange buyer in both transactions. Doug Holtzman and Tori Nook of Anchor Cleveland represented the seller and developer of both properties, Zaremba Group. The Dollar General property in Windham is a freestanding, 10,566-square-foot Dollar General …

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IndianaInvestment salesNews

Marcus & Millichap Arranges $2.5 Million Sale of Raising Cane’s-Occupied Property in Indiana

by Julia Sanders

Mishawaka, Ind. — Marcus & Millichap has arranged the sale of a 3,320-square-foot restaurant property occupied by Raising Cane’s in Mishawaka for $2.5 million. The newly constructed, single-tenant building is located at 5212 N. Main St. and was the first Raising Cane’s to open in the Indiana market. Chris Lind, Mark Ruble, Zack House and Brennan Clegg of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company.

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LeasingNew YorkNews

Piazzetta Italian Kitchen & Bar to Open at 19,757-Square-Foot Retail Development in West Islip, New York

by Julia Sanders

West Islip, N.Y. — Piazzetta Italian Kitchen & Bar has signed a lease to open a 3,000-square-foot restaurant at a 19,757-square-foot retail center currently under development in the Long Island hamlet of West Islip. The center is located at 425 Union Blvd. and will house other tenants such as 7-Eleven and Brownstone Coffee. Christopher Mayor and Lawrence Densen of Island Associates Real Estate brokered the lease negotiations.

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Crossroads Mall
DevelopmentNebraskaNews

Lockwood, Century Development Underway on $553 Million Redevelopment of Crossroads Mall in Omaha

by Julia Sanders

Omaha, Neb. — Lockwood Development, Century Development and the City of Omaha are redeveloping Crossroads Mall in Omaha. Demolition of the mall is currently underway and is expected to be complete in May. Plans call for a mixed-use project spanning 40 acres with 350,000 square feet of retail and restaurants; 250 apartment units; up to 500,000 square feet of office space and senior living; a 150-room hotel; and 2.5 acres of public space. An existing Target store will remain in place. Project costs are estimated at $553 million. The city …

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Veranda Shoppes
FloridaInvestment salesNews

RK Centers Purchases Shopping Center in Plantation, Florida for $17 Million

by Julia Sanders

Plantation, Fla. — RK Centers has purchased Veranda Shoppes, a 45,000-square-foot shopping center in Plantation. The property is situated on 4.2 acres at 550 N. Pine Island Road. Adam Feinstein of Cushman & Wakefield represented the seller, Jacksonville-based Regency Centers, in the $17 million transaction. The Publix-anchored center is leased to tenants such as Anthony’s Coal Fired Pizza, Pei Wei Asian Diner, Dunkin’, Venetian Nails Spa and the Banfield Pet Hospital.

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The Grove at Towne Center
DevelopmentGeorgiaNews

Joint Venture Breaks Ground on The Grove at Towne Center in Metro Atlanta

by Julia Sanders

Snellville, Ga. — A joint venture between the City of Snellville, CASTO and MidCity has broken ground on The Grove at Towne Center, an 18-acre mixed-use project located 30 miles outside Atlanta. The $85 million first phase of development will include over 50,000 square feet of retail, restaurant, office and entertainment space alongside 262 multifamily units. In addition, Elizabeth Williams Library will be constructed, which is set to include a second-floor business development and accelerator space.

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IllinoisInvestment salesNews

Marcus & Millichap Brokers $6.4 Million Sale of Two Retail Properties in Suburban Rockford

by Julia Sanders

Machesney Park, Ill. — Marcus & Millichap has brokered the $6.4 million sale of Willow Creek II and IV in Machesney Park, a suburb of Rockford. The two retail buildings, totaling 23,202 square feet, are separate but located within the same development. Tenants include Buffalo Wild Wings, Verizon, Anytime Fitness, FedEx, Jersey Mikes and Pizza Hut. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the buyer, a Chicagoland private family. Prodigy Real Estate Group represented the seller, a Rockford-based developer.

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Company newsNewsTexas

Sprouts Farmers Market to Open 25,000-Square-Foot Store in Grand Prairie, Texas

by Julia Sanders

Grand Prairie, Texas — Phoenix-based grocer Sprouts Farmers Market will open a 25,000-square-foot store in Grand Prairie, located roughly midway between Dallas and Fort Worth, in the second half of the year. The opening is part of a larger rollout of 20 stores nationwide that feature the grocer’s new format, which is slightly smaller than its existing prototype. Sprouts currently operates 362 stores across 23 states and is also planning to open a new store in Irving.

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