Altamonte Springs, Fla. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction.
Longwood, Fla. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot Publix-anchored center located in Lakewood, roughly 15 miles north of Orlando. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Shoppes of Sweetwater Inc. Washington, D.C.-based Graphite Real Estate was the buyer. The property, which was 94 percent leased at the time of sale, features a mix of tenants such as CVS Pharmacy, The Hummus Corner, Li’s Garden Chinese Restaurant, Aca-Pulquito Cocina Mexicana, …
Irving, Texas — Marcus & Millichap has negotiated the sale of Market Square, a 48,822-square-foot multi-tenant retail center located in Irving, approximately 10 miles northwest of Dallas. Phillip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors. Built in 1984, Market Square was fully leased at the time of sale to a mix of service-oriented tenants including Sarigama Supermarket, Amaravati Indian Restaurant, Bajeko Sekuwa Himalayan Grill, Cajun Crab, Pizza Hut, Subway, Smoothie King, NS Hair Salon & Spa, Vivek Flowers …
Beverly, Mass. — JLL Capital Markets has negotiated the $8.5 million sale of a freestanding retail property located in Beverly, roughly 20 miles northeast of downtown Boston. The 60,666-square-foot building is fully leased to Stop & Shop, which has operated at the location since 1986. The site spans 4.9 acres and originated as the first Marshalls store in the United States, according to JLL. The property has been owned by the Marshalls family since its inception in 1956. Alex Quinn, Zach Nitsche, Sam Wiesman and Joe Marinaro of JLL represented the seller in the …
Baltimore and Hillard, Ohio — Continental Realty Corp. has purchased a 14-property shopping center portfolio located across seven states in the Southeast and Midwest. The Baltimore-based firm purchased the more than 2 million-square-foot portfolio from Hillard-based US Properties Group for an undisclosed price. Chris Decoufle and Kevin Hurley of CBRE represented the seller in the off-market transaction. The acquisition grows Continental Realty’s holdings to nearly $5 billion in assets under management and expands its geographic footprint to 16 states, including its entry into Ohio. The portfolio was 93 percent leased at …
Upper Marlboro, Md. — Walton Global has signed Sprouts Farmers Market to anchor a 140,000-square-foot retail development under construction in Upper Marlboro, located within the master-planned community of Westphalia Town Center. Situated about 10 miles southeast of Washington, D.C., Sprouts Farmers Market will occupy roughly 23,000 square feet. The store is currently anticipated to open in the second half of 2028. Upon completion, the overall 480-acre, master-planned community of Westphalia Town Center will include residential neighborhoods, retail and dining, as well as community services. Heritage Partners is handling leasing for …
Lehi, Utah — CenterCal Properties, in partnership with Perry Commercial, has broken ground on The Collective at Morning Vista, a 134,000-square-foot retail development located in Lehi’s Silicon Slopes district, roughly 25 miles south of Salt Lake City. Whole Foods Market will anchor the property. Additional confirmed tenants include Bamboo Sushi, VIO Med Spa and Petfolk Veterinary & Urgent Care. The Collective at Morning Vista will also feature a central community park and outdoor gathering space, as well as outdoor patios and activation areas.
West Carthage, N.Y. — Legacy Realty Group has negotiated the $4.1 million sale of Price Chopper Plaza, a 52,831-square-foot, grocery-anchored shopping center located in upstate New York. The property, which was 90 percent leased at the time of sale, is home to tenants such as Price Chopper and Aubuchon Hardware. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented the buyer, while Bruce Ginsburg and Peter VanBortel of IKON Realty Group represented the seller.
New York City — JLL Capital Markets has arranged $150 million in financing for the Bay Terrace Shopping Center, a grocery-anchored retail property in the Bayside neighborhood of Queens. JLL secured the loan through New York Life Real Estate Investors on behalf of the locally based borrower, Cord Meyer Development. Located at the intersection of 26th Avenue and Bell Boulevard, Bay Terrace totals 326,445 square feet and was approximately 90 percent leased at the time of financing. Anchored by Stop & Shop, the property is also home to HomeGoods, AMC …
Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space. Mark Joines and Drew Fleming of …
