Lafayette, La. — SRS Real Estate Partners has arranged the sale of Karam Shopping Center, a 100,120-square-foot retail center located in Lafayette. Tenants at the property include Super 1 Foods, which is currently undergoing a $7 million renovation, and dd’s DISCOUNTS. Mishra Group acquired the center from TCP Realty Services for an undisclosed price. Kyle Stonis and Pierce Mayson of SRS represented the seller, with Jonathan Walker of Maestri-Murrell Inc.
McDonough, Ga. — Franklin Street has arranged the sale of Kelleytown Village, a 66,387-square-foot shopping center located at 3500 Highway 155 North in McDonough, roughly 30 miles southeast of Atlanta. Publix anchors the property, which was constructed in 2022. Other tenants at the center include Your Pie, Allure Nails, UPS and 100% Chiropractic. Bryan Belk and John Tennant of Franklin Street represented the seller, Georgia- and Alabama-based Venture South Investments, in the transaction. The buyer and sales price were not disclosed.
Houston — Marcus & Millichap has arranged the sale of Shoppes at Kingsgate, a 156,343-square-foot retail center located in Houston. Built in 1980 and renovated in 2013, the center was 95 percent occupied at the time of sale. Aldi anchors the property, which is situated within the Kingwood master-planned community. Other tenants include Cell Doc, Binh’s Tailor, Trademark Kitchen & Bath, The Mint National Bank, Schlotzky’s and On the Park Toy Store. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller in the transaction.
Spring Hill, Fla. — A joint venture between the Sembler Co. and Forge Capital Partners has completed a $13.3 million redevelopment of Hernando West Plaza, a retail center located in Spring Hill. The partnership, dubbed Forge Real Estate Partners IV, acquired the property in 2020 before commencing the 11-month redevelopment project. Construction included the demolition of an existing 46,000-square-foot grocery store and 9,800 square feet of inline shop space, originally built in 1980. A new 45,000-square-foot grocery storefront has been constructed, as well as an adjacent 3,200 square feet of shop …
Petaluma, Calif. — Gantry has secured a $9.5 million loan for the refinancing of Plaza North Shopping Center in Petaluma on behalf of an undisclosed borrower. Lola’s Market, CVS/pharmacy, Starbucks Coffee, GNC and Club Pilates anchor the property, which comprises 101,000 square feet. Robert Slatt, Andrew Ferguson and Maria Zwick of Gantry arranged the financing through a life company lender to replace a maturing loan from 2013.
Huntsville, Ala. — Legacy Realty Group Advisors has brokered the sale of an 18,300-square-foot retail center located in Huntsville. IGA anchors the property. Daniel Baruch and Max Yardeni of Legacy represented both the buyer and seller in the transaction.
Garfield Heights, Ohio and Niles, Ill. — Nassimi Realty has acquired two retail centers totaling 500,000 square feet in Ohio and Illinois for a combined $30 million. Located in Garfield Heights, Ohio, the first property, Turney Town Plaza, is leased to tenants including Dave’s Market, Advance Auto Parts and Sherwin Williams. Four Flaggs in Niles, Illinois, is anchored by Fresh Farms, Marshalls, Ashley Furniture and Old Navy.
Wilmington, Del. — JLL Capital Markets has arranged the sale of Christina Crossing, a 119,446-square-foot shopping center located in Wilmington. ShopRite anchors the property. Christopher Munley, Jim Galbally, Chris Angelone, Colin Behr, James Graf, Zach Nitsche, Patrick Higgins and Blaise Fletcher of JLL represented the seller, DRA and KPR. First National Realty Partners acquired the center for an undisclosed price.
Las Vegas — Brixton Capital has sold Decatur 215, a 126,678-square-foot retail center located in Las Vegas. Tenants at the center, which was fully leased at the time of sale, include Petco, Hobby Lobby, Ulta Beauty, Sprouts Farmer’s Market, Sleep Number and Blaze Pizza. An entity doing business as Decatur Palm Plaza LLC acquired the property for an undisclosed price. Lucescu Realty represented the buyer, and Brixton Capital was represented on an internal basis.
Rogers, Ark. — CBRE has secured financing for the construction of Pinnacle Springs, a mixed-use development located in Rogers. Upon completion, the project will comprise 362 apartments and 91,000 square feet of retail space. A 37,000-square-foot Whole Foods Market will anchor the property. Richard Henry, Mike Ryan, Brian Linnihan and J.P. Cordeiro of CBRE arranged the financing on behalf of the borrower and developer, SJC Ventures. Arvest Bank provided uncrossed construction loans for the project, and Dome Equities provided both common and preferred equity investments in the multifamily component. The project …
