Friday, June 20, 2025
Read the Digital Magazines
Subscribe
Author

Julia Sanders

Smart & Final
CaliforniaInvestment salesNews

Marcus & Millichap Arranges $22.5 Million Sale of Smart & Final Grocery Store in Metro Los Angeles

by Julia Sanders

Westlake Village, Calif. — Marcus & Millichap has arranged the sale of a Smart & Final grocery store located 40 miles outside Los Angeles in Westlake Village. The triple-net-leased asset sold for $22.5 million. The property totals 50,242 square feet with Smart & Final as the main tenant. However, 12,500 square feet is subleased to Dollar Tree on a 10-year, triple-net lease, with Smart & Final responsible for all aspects of the lease. Lior Regenstreif of Marcus & Millichap represented the seller, Riverside Villas LLC, in the transaction. The Smart …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGeorgiaInvestment salesNews

Hallmark Venture Group Acquires 1.2-Million-Square-Foot Mall at Stonecrest in Metro Atlanta, Plans Mixed-Use Campus

by Julia Sanders

Stonecrest, Ga. — Hallmark Venture Group Inc. has acquired The Mall at Stonecrest, a 1.2 million-square-foot regional mall in metro Atlanta. The seller and sales price were not disclosed, but The Atlanta Journal-Constitution reports that the mall was last appraised at $84 million. Hallmark Venture is planning to transform the 29-acre mall site into a mixed-use destination that will include apartments, a sports and entertainment complex, cosmetic superstore, aquarium, medical offices, transportation facilities and restaurants. A construction timeline for the redevelopment was not announced. The Mall at Stonecrest is home …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gregorie Ferry
Investment salesNewsSouth Carolina

SRS Brokers $7.4 Million Sale of Shops at Gregorie Ferry Landing in Suburban Charleston

by Julia Sanders

Mount Pleasant, S.C. — SRS Real Estate Partners’ National Net Lease Group has brokered the $7.4 million sale of The Shops at Gregorie Landing, a shopping center located at 2966 Hwy 17 N in the Charleston suburb of Mount Pleasant. Parker Walter, Matthew Mousavi and Patrick Luther of SRS represented the buyer, a private investor from the Northeast, in the 1031 exchange transaction. Benjy Cooke of Oswald Cooke & Associates represented the seller, an unnamed South Carolina-based developer. Completed in 2020, the 11,125-square-foot property is fully occupied by Panera Bread, …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Mill
DevelopmentNewsSouth Carolina

Sembler, Hawthorne Residential to Develop 46-Acre Mixed-Use Project in Myrtle Beach

by Julia Sanders

Myrtle Beach, S.C. — The Sembler Co. has announced plans to develop The Mill, a 46-acre mixed-use project in Myrtle Beach’s Carolina Forest community. The new development will include retail, office and multifamily space. Sembler is partnering with Hawthorne Residential Partners on the multifamily portion of the project. Sembler and Hawthorne expect to begin construction this summer. The Mill will include Marketplace at The Mill, a 66,680-square-foot neighborhood shopping center that features a freestanding, 46,800-square-foot Publix, as well as a six-acre parcel ideal for a medical or traditional office, hotel, …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNews

Forward One Buys CVS-Occupied Property in Metro Los Angeles for $7.7 Million

by Julia Sanders

La Verne, Calif. — Forward One has purchased a retail property located at 1479 Foothill Blvd. in the Los Angeles suburb of La Verne. New Jersey-based Arctrust sold the asset for $7.7 million in an off-market transaction. CVS/pharmacy anchors the 26,500-square-foot building, which is situated on 1.6 acres. Anton Qiu of Anchor Pacific Capital represented the buyer, while David Kern of The Mansour Group represented the seller in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
Rustburg Marketplace Center
Investment salesNewsVirginia

S.L. Nusbaum Arranges $4.7 Million Sale of Grocery-Anchored Shopping Center in Rustburg, Virginia

by Julia Sanders

Rustburg, Va. — S.L. Nusbaum Realty Co. has arranged the $4.7 million sale of Rustburg Marketplace, a 46,700-square-foot shopping center in Rustburg. The Kent Mall LLC, a private real estate investment company based in Pennsylvania, purchased the center from Rustburg Ventures LLC. The center, anchored by Food Lion, was fully leased at the time of sale to nine local and national tenants including Family Dollar, Virginia ABC, Domino’s Pizza and Subway. According to the brokers, 88 percent of the tenants at Rustburg Marketplace have been in place for more than …

Continue Reading
0 FacebookTwitterLinkedinEmail
Andy Graiser
FeaturesSCBlog

Retailers Should Focus on Long-Term Occupancy Cost Reductions in 2021

by Julia Sanders

Even though capital markets are opening up, U.S. retailers will continue to file for bankruptcy and close stores this year, due in part to their need to repay deferred rent from 2020. Declining foot traffic only adds to that pressure and it is unclear whether mall traffic will bounce back anytime soon. Last year, it seemed as though nearly every retailer in America was asking for rent deferrals. Now they’re staring at a “deferral bubble” of $40 billion-plus that they’re going to have to pay back, over and above their …

Continue Reading
0 FacebookTwitterLinkedinEmail
Daniels Crossing
FloridaInvestment salesNews

JLL Arranges $15.5 Million Sale of Publix-Anchored Retail Center in Fort Myers, Florida

by Julia Sanders

Fort Myers, Fla. — JLL Capital Markets has arranged the $15.5 million sale of Daniels Crossing, a 112,003-square-foot neighborhood shopping center anchored by Publix in Fort Myers. Danny Finkle, Luis Castillo and Eric Williams of JLL represented the sellers, EverWest Real Estate Investors LLC and Stiles Corporation, in the disposition of the property to Forge Capital Partners. Daniels Crossing is 70.5 percent occupied and with a mix of essential, restaurant and service tenants. The property is situated on 15.9 acres at 6900 Daniels Parkway at the intersection of Daniels Parkway …

Continue Reading
0 FacebookTwitterLinkedinEmail
Company newsNew YorkNews

WHP Acquires Parent Company to Toys ‘R’ Us, Announces Plans for Store Openings

by Julia Sanders

New York City — WHP Global has acquired a controlling interest in Tru Kids Inc. (TRU), parent company to Toys ‘R’ Us, Babies ‘R’ Us, Geoffrey the Giraffe brands and more than 20 related consumer toy and baby brands. Tru Kids Inc. bought the Toys ‘R’ Us brand and its intellectual property in September 2017 when the company filed for Chapter 11 bankruptcy, according to reports by CNBC. Tru Kids has implemented a number of strategies since in an attempt to stir up momentum, including opening two pop-up locations in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Coffee Bean and Tea Leaf
CaliforniaInvestment salesNews

JLL Arranges $4.3 Million Sale of Retail Building in Long Beach, California

by Julia Sanders

Long Beach, Calif. — JLL Capital Markets has arranged the $4.5 million sale of a newly constructed, 1,839-square-foot retail building at 5865 E. Spring St. that is triple net leased to The Coffee Bean & Tea Leaf in Long Beach. Adam Friedlander of JLL marketed the property on behalf of the seller, Pacific West Property Group Inc. An undisclosed private investor acquired the property in an all-cash transaction as part of a 1031 exchange. Alan Wong of DAAG Developments acted as the buyer’s consultant. Situated 20 miles south of downtown …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts