Houston — JLL has brokered the sale of Little York Plaza, a 114,982-square-foot shopping center located in Houston. Hispanic grocer Sellers Bros. anchors the property, which was built in 1987. Other tenants at the center include Dollar Tree, Melrose Family Fashions and Aaron’s Appliances. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was The Criterion Fund.
Richardson, Texas — Disney Investment Group (DIG) has brokered the sale of Arapaho Village, a 101,507-square-foot shopping center located in the Dallas suburb of Richardson. Tom Thumb anchors the property, which was roughly 92 percent leased at the time of sale. David Disney and Adam Crockett of DIG represented the seller, WASA Properties, in the transaction. An affiliate of Weitzman acquired the center for an undisclosed price.
Vestavia Hills, Ala. — KPR Centers has secured a $42.5 million loan for the refinancing of Vestavia Hills City Center, a 389,736-square-foot retail center located in Vestavia Hills, roughly 10 miles outside Birmingham. An affiliate of MetLife Investment Management provided the floating-rate financing. Chris Drew, Gregg Shapiro and Kelsey Bawcombe of JLL arranged the loan on behalf of KPR Centers. Publix anchors the property, and other tenants at the center include AMC Theaters, Planet Fitness, Pet Supermarket, Shoe Station, Dollar Tree, Panera Bread and Dave’s Hot Chicken.
Snellville, Ga. — JLL Capital Markets has arranged the sale of Presidential Commons, a 264,271-square-foot shopping center located in Snellville. Kroger anchors the property, which was 89 percent leased at the time of sale. Other tenants at the center include Petco, Ulta Beauty, Burlington, Five Below and Aaron’s. SITE Centers sold the property to Sterling Organization for an undisclosed price. Jim Hamilton, Brad Buchanan, Andrew Michols and Anton Serafini of JLL represented the seller in the transaction.
Exton, Pa. — Kimberton Whole Foods will open a new, 14,000-square-foot store in Exton, roughly 30 miles outside Philadelphia. Construction on the building will begin this month, with the opening scheduled for spring 2026. The store will be situated within Eagleview Town Center, within the 800-acre Eagleview mixed-use community. Hankin Group is the developer and landlord.
Cathedral City, Calif. — Calmwater Capital has provided a $20.9 million loan for the acquisition of Cathedral City Marketplace, a shopping center located in Cathedral City, approximately seven miles southeast of Palm Springs. Rhino Investment Group is the borrower. Situated on 21 acres, the property totals 195,000 square feet. Tenants at the center include Kroger’s Food 4 Less, Planet Fitness, dd’s Discounts, DJ’s Sports Bar and Subway. Larry Grantham, Zach Novatt and DaJuan Bennett of Calmwater originated the loan. Jeff Sause, Chad Morgan, Daniel Skerrett and Jalynn Borders of JLL Capital …
Denver — KPR Centers has acquired University Hills, a retail center located in Denver, for $56.5 million. Supermarket chain King Soopers anchors the property, which totals 210,000 square feet. Other tenants at the center include Michaels, Marshalls, Office Depot, PetSmart, Five Below, Ulta Beauty and Starbucks Coffee. Tom Lagos of Institutional Property Advisors (IPA) represented KPR in the acquisition.
Hamilton Township, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Hamilton Marketplace, a 485,094-square-foot shopping center located in Hamilton Township. A 65,155-square-foot ShopRite anchors the property, which was constructed in phases beginning in the early 2000s. Other tenants at the center include Kohl’s, Ross Dress for Less, Staples, Barnes & Noble, Michaels, Old Navy, Ulta Beauty, Burlington and PetSmart. Paramount Realty acquired the property from SITE Centers for $116.5 million. Brad Nathanson and JP Colussi of IPA represented the seller in the …
Houston and Pompano Beach, Fla. — Longpoint Partners has purchased two shopping centers for a total of $45.7 million. The properties — Plaza Mexico in Houston and Palm Aire Marketplace in Pompano Beach, Florida — comprise 103,907 and 143,219 square feet, respectively. El Rancho anchors Plaza Mexico, which was 96 percent occupied at the time of sale, and El Presidente Supermarket anchors Palm Aire Marketplace, which was 90 percent leased at the time of sale. Both properties will be managed under Longpoint’s new Lena Centers brand.
Hermosa Beach, Calif. — Chartwell Real Estate Development has acquired Park Pacific Shopping Center in Hermosa Beach for $27.8 million. Tenants at the center, which totals 49,911 square feet, include Trader Joe’s, Starbucks Coffee, El Pollo Inka and Five Below. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented Chartwell in the transaction. The Bacon family, which has owned the property since 1949, was the seller. Previously the site of a car dealership, the property was converted to a shopping center in 1977.