Williamsburg, Va. — Broad Street Realty Inc. is set to acquire Midtown Row, a mixed-use property in Williamsburg, for $122 million. The firm plans to close on the acquisition from an undisclosed seller by the end of the second quarter. Midtown Row features 63,573 square feet of retail space, 630 beds of student housing and office space. The property is located adjacent to the College of William & Mary, less than one mile from Colonial Williamsburg and less than five miles from Jamestown, Yorktown and Busch Gardens.
Roswell, Ga. — JLL Capital Markets has arranged the $29.5 million sale of Connexion at Holcomb Bridge, a 106,711-square-foot neighborhood retail center in Roswell, about 21 miles from downtown Atlanta. Jim Hamilton, Brad Buchanan and Taylor Callaway of JLL Capital Markets represented the seller, DNA Partners, in the disposition of the property to Brixmor Property Group. The center is home to tenants including Planet Fitness, Starbucks Coffee, Kale Me Crazy, My Salon Suite, Emory Healthcare Network, Dogtopia and From the Earth Brewing Co. Originally constructed in 1985, the property was …
Cedar Park, Texas — Matthews Real Estate Investment Services has negotiated the sale of a 21,061-square-foot retail strip center located at 1201 N. Lakeline Blvd. in Cedar Park, about 26 miles from Austin. DeWitt Goss and Jeff Miller of Matthews represented the seller, Saadeh Properties, in the transaction. The buyer was Legacy Properties. The center was 94 percent leased at the time of sale.
St. Cloud, Minn. — Hanley Investment Group Real Estate Advisors has negotiated the $3.5 million sale of a Raising Cane’s ground lease in St. Cloud near Minneapolis. Built in 2021, the 3,493-square-foot restaurant is located at 2635 W. Division St. Jeff Lefko and Bill Asher of Hanley, in conjunction with Rob Wise of CBRE, represented the seller, TOLD Development Co. Chris Rodriguez of Pacific Commercial Investments Inc. represented the buyer, Caravella Properties.
Huntsville, Ala. — PBR x Lockhart Smokehouse will open this year at Bridge Street Town Center, a mixed-use development by Bayer Properties in Huntsville. The dining concept is a partnership between the Professional Bull Riders (PBR) Cowboy Bar, Lockhart Smokehouse and Live! Concepts. The 8,121-square-foot restaurant will include a bar area, indoor seating, a mechanical bull and an outdoor patio with fire pits. In total, Bridge Street Town Center is home to 50 retailers and restaurants; more than 207,000 square feet of fully-occupied, Class-A office space; a 232-room Westin hotel; …
Cherry Hill, N.J. — Pennsylvania Real Estate Investment Trust (PREIT) has announced several new retailers and restaurants set to open at Cherry Hill Mall, located about 8 miles outside of Philadelphia in southern New Jersey. Upscale seafood concept Eddie V’s will open its first restaurant in the area this fall, while Marc Cain, a women’s apparel brand based in Germany, will join the lineup of soft goods retailers with a March opening. Other upcoming additions to the tenant roster include Warby Parker and Amazon 4-Star.
Collegeville, Pa. — JLL has arranged the $162 million sale of Providence Town Center, a 759,945-square-foot retail center located in the Philadelphia suburb of Collegeville. Regional grocer Wegmans has been the anchor store for Providence Town Center since the property was developed in 2009. Brandolini Cos. sold the center to a partnership between Finmarc Management Inc. and KPR Centers. The property is the fourth-most-visited open-air retail center in the state, according to the brokerage team that handled the sale. Nearly 65,000 vehicles drive by Providence Town Center via State Route …
Cortlandt Manor, N.Y. — Invesco Real Estate Income Trust Inc. has acquired Cortlandt Crossing, a 122,225-square-foot shopping center located in Cortlandt Manor, about 50 miles from New York City. Anchored by ShopRite and HomeSense, the newly constructed center was 95 percent leased at the time of sale. Invesco acquired the property in conjunction with the purchase of a 95 percent stake in an industrial property near Columbus, Ohio, for a combined price of $94 million. The seller was not disclosed.
Sacramento, Calif. — Raith Capital Partners has sold Arden Square, a 100,162-square-foot neighborhood retail center located at 3102-3198 Arden Way in Sacramento, to Rhino Investments Group. Eric Kathrein, Tim Kuruzar and Warren McClean of JLL represented the seller in the transaction. BevMo!, Jo-Ann and Office Max anchor Arden Square, which was 90 percent leased at the time of sale to tenants including Kaiser Permanente, GameStop, Sacramento Credit Union, Jackson Hewitt Tax Services, Great Clips and Eco-Friendly Nail Salon.
El Cajon, Calif. — Pacific Coast Commercial has arranged the sale of a multi-tenant retail center located at 701-777 Broadway in El Cajon, about 17 miles from San Diego. Broadway Center Associates sold the property to an entity known as Alcatraz475 LP/Birch8330 LP for $8.2 million. At the time of sale, the 25,460-square-foot property was 95 percent leased to a mix of local and regional retail tenants. Brian Crepeau and Vanessa Reza of Pacific Coast Commercial represented the seller, while Bing Udinsky of The Udinsky Group represented the buyer in …