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Julia Sanders

The Maxey Center
Investment salesNewsVirginia

JWN Properties Sells Maxey Center in Powhatan, Virginia for $4.3 Million

by Julia Sanders

Powhatan, Va. — JWN Properties LLC has sold The Maxey Center, a 17,235-square-foot, shopping center located at 3452 Anderson Highway in Powhatan, for $4.3 million. Nathan Shor, Elliot Warsof, Thomas Langston, Chris Zarpas and Mike Zarpas of S.L. Nusbaum Realty Co. represented the seller in the transaction. Ruffin Mill LLC, a local investor represented by Mike Carroll of General Land, was the buyer. The center is fully leased to tenants including Powhatan Medical Associates, Edward Jones, Angela’s Italian Restaurant, ERA Napier and Powhatan Gentle Dentistry.

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Thomasville Center
GeorgiaInvestment salesNews

Stan Johnson Co. Brokers $4 Million Sale of Thomasville Center in Thomasville, Georgia

by Julia Sanders

Thomasville, Ga. — Stan Johnson Co. has brokered the $4 million sale of Thomasville Center, a 23,000-square-foot retail center located at 14669 U.S. 19 in Thomasville. The property was fully leased to Planet Fitness and DaVita at the time of sale. Brett Puckett and Ryan Roedersheimer of Stan Johnson Co., with support from Analyst Caleb Edwards, represented the seller, Vantage Thomasville Center LLC. Hawk’s Landing LLC purchased the property.

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The Collection at RiverPark
CaliforniaLeasingNews

Eight New Retailers Join Tenant Lineup at Collection at RiverPark in Oxnard, California

by Julia Sanders

Oxnard, Calif. — Eight new retailers have joined the tenant lineup at The Collection at RiverPark, a 650,000-square-foot, open-air shopping center in Oxnard. The eight new tenants opening soon include PizzaMan Dan’s, Red Door Escape Room, Bowlero, King and Queen Cantina, Salons by JC, Keller Williams and Exer Urgent Care. The Collection is already home to several other retail and entertainment tenants including Levity Live Comedy Club, Copper Blues Rock Pub & Kitchen, Jump ’N Jammin, Color Me Mine and Century RiverPark 16. The Collection has also recently welcomed Sunglass …

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Cyfair-Town-Center
DevelopmentNewsTexas

InvenTrust Properties Corp. Plans to Redevelop Cyfair Town Center in Cypress, Texas

by Julia Sanders

Cypress, Texas — InvenTrust Properties Corp. will redevelop Cyfair Town Center, a 433,667-square-foot shopping center in the Houston suburb of Cypress. The center is anchored by Kroger, JC Penney and Cinemark. The first phase of the renovation will begin this month, with completion scheduled for the fourth quarter of 2021. The second phase will begin in January 2022 with completion anticipated in late summer 2022. InvenTrust’s improvements to the center will include new paint, LED lighting along the storefront exteriors, storefront awnings, upgraded signage and enhanced landscaping throughout the property. …

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Sunrise West
FloridaInvestment salesNews

Cushman & Wakefield Arranges Sale of Publix-Anchored Neighborhood Center

by Julia Sanders

Sunrise, Fla. — Cushman & Wakefield has arranged the sale of Sunrise West Shopping Center, a 76,411-square-foot, Publix-anchored neighborhood center located in Sunrise. Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Principal Real Estate Investors, in the transaction. Global Fund Investments acquired the property for an undisclosed price. Located at 9010-9370 W. Commercial Blvd., the property is 93 percent leased to tenants including Carvel Ice Cream, Club Pilates, Pacific Dental, Rio Body Wax and Supercuts.

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Company newsFloridaNewsOhio

Wendy’s and REEF to Develop 700 Delivery Kitchens by 2025

by Julia Sanders

Dublin, Ohio and Miami — The Wendy’s Co. and REEF have formed a new development commitment to open and operate 700 delivery kitchens over the next five years across the U.S., Canada and the United Kingdom. Through this commitment, REEF will become the first Wendy’s franchisee in the United Kingdom. Wendy’s and REEF expect to open approximately 50 delivery kitchens in 2021, with the remainder launched by 2025.

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Park Place
DevelopmentNewsVirginia

Renovations Underway at Parc Place at Short Pump Town Center in Suburban Richmond

by Julia Sanders

Richmond, Va. — A joint venture between Elevation Real Estate Group, Auerbach Funds and Beechmont Acquisitions has begun redevelopment at Parc Place at Short Pump Town Center, an 82,968-square-foot shopping center in the Richmond suburb of Short Pump. Renovations will include an upgrade to the center’s façade; the addition of new lighting; parking lot repairs and re-striping; upgraded landscaping; and a new marquee sign and logo. In addition, Ocean Crab Seafood will open its first Virginia location and become the anchor restaurant tenant for the center. Renovations are underway and …

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Investment salesNewsTexas

J. Beard, Outlier Capital Acquire 141,450-Square-Foot Grocery-Anchored Shopping Center in Metro Houston

by Julia Sanders

Tomball, Texas — A joint venture between The J. Beard Real Estate Co. and Outlier Capital LLC has purchased Tomball Town Center, a 141,450-square-foot shopping center located in the northern outskirts of Houston. Kroger anchors the center, which was built on 14.1 acres in 2004. David Disney and Adam Crockett with Dallas-based Disney Investment Group represented the sellers, Illinois-based shopping center REIT InvenTrust Properties and a fund advised by Crow Holdings Capital, in the transaction. Morgan Stanley provided acquisition financing. Tomball Town Center was 98 percent leased at the time …

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Macys Furniture
Investment salesNew JerseyNews

NorthBridge Partners Buys Macy’s Furniture Gallery Store in Maple Shade, New Jersey, for $9.8 Million

by Julia Sanders

Maple Shade, N.J. — NorthBridge Partners has purchased the 72,625-square-foot Macy’s Furniture Gallery store in Maple Shade, a suburb of Philadelphia, for $9.8 million. The retail building sits on 9.4 acres and was originally built in 1991. Macy’s has occupied the building since 2001 and recently signed a 10-year lease extension. Andy Merin, David Bernhaut, Andrew Schwartz, Karen Iman, Jordan Sobel, Keith Braccia and Andre Balthazard of Cushman & Wakefield represented the undisclosed seller and NorthBridge Partners in the transaction.

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Township Square
DevelopmentNewsTexas

KM Realty Unveils Redevelopment Plans for 67,000-Square-Foot Shopping Center in Metro Houston

by Julia Sanders

Missouri City, Texas — KM Realty Investment Trust Inc. has unveiled plans for the redevelopment of Township Square, a 67,000-square-foot shopping center located in the southwestern Houston suburb of Missouri City. Identity Architects is designing the project, which will upgrade the façade and landscaping of the 1980s-era property. The redevelopment is scheduled to begin in late fall and, tentatively, to be complete in the first quarter of next year. Tenants, which include Old Hickory Inn BBQ, Codemark Financial and Sugar’s Cajun Cuisine & Bar, will remain open during construction.

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