Investment sales

The-Beacon
CaliforniaInvestment salesNews

JLL Arranges $91.3 Million Sale of 122,167-Square-Foot Neighborhood Center in Southern California

by Abby Cox

Carlsbad, Calif. — JLL Capital Markets has arranged the $91.3 million sale of The Beacon, a 122,167-square-foot neighborhood center located in Carlsbad, roughly 35 miles north of San Diego. The Beacon, which comprises 15.2 acres, was originally built in 1982 and renovated from 2020 to 2023. Luxury fitness brand Equinox anchors the center, which features a mix of additional tenants such as Arhaus, Sweetgreen, Shake Shack, Jeni’s Ice Cream, Pitfire Pizza and Lofty Coffee Co. Geoff Tranchina, Gleb Lvovich and Daniel Tyner of JLL represented the seller, Asana Partners. The buyer was …

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FloridaGrocery-anchoredInvestment salesNews

Colliers Negotiates $25 Million Sale of Grocery-Anchored Retail Center in Orlando

by Abby Cox

Orlando, Fla. — Colliers has negotiated the sale of West Colonial Oaks, a 161,333-square-foot, grocery-anchored retail center located at the intersection of West Colonial Drive and Hiawassee Road in Orlando. A Dallas-based family office purchased the property for $25 million. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Newport Capital Partners, in the transaction. West Colonial Oaks, which was 95 percent leased at the time of sale, features a mix of tenants including SuperFresh Market, Ollie’s Bargain Outlet, Family Dollar and Crazy Buffet. In November 2025, Japanese-inspired lifestyle and …

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Grocery-anchoredIndianaInvestment salesNews

Encore Real Estate Brokers $13.8 Million Sale of 382,139-Square-Foot Power Center in Northern Indiana

by Abby Cox

Mishawaka, Ind. — Encore Real Estate Investment Services has brokered the $13.8 million sale of Town & Country Shopping Center, a 382,139-square-foot power center situated on 40 acres in Mishawaka, just 10 miles south of the Michigan border. The grocery-anchored property is home to a mix of national, regional and local tenants such as Dollar Tree, Harbor Freight Tools, Kroger, Chuck E. Cheese, Mishawaka Furniture, Popeyes, Firestone and Rent-A-Center, according to LoopNet Inc. Noah Dalaly and Danny Samona of Encore represented the buyer, a California-based investment firm, and the seller, a …

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St-Petersburg-retail-property
FloridaInvestment salesNews

Granite Capital Acquires 97,502-Square-Foot Retail Property in St. Petersburg, Florida, for $7.8 Million

by Abby Cox

St. Petersburg, Fla. — Granite Capital has acquired 4501 66th Street North, a 97,502-square-foot, two-tenant retail property located in St. Petersburg, for $7.8 million. Daniel Solomon and Jon Cashion of Katz & Associates represented the seller, Fuqua Development, in the transaction. The newly remodeled center, which is shadow anchored by Sprouts Farmers Market, is fully occupied by Five Below and At Home.

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gibson-mill
Investment salesMixed-useNewsNorth Carolina

Partnership to Recapitalize Gibson Mill Adaptive Reuse Development in Concord, North Carolina

by Abby Cox

Concord, N.C. — A partnership between Charlotte-based real estate investment firm White Point and the Liles family have announced plans to recapitalize Gibson Mill, a 653,000-square-foot adaptive reuse development located in Concord, a northeast suburb of Charlotte. White Point acquired a significant stake in the property, buying out former co-owners Joe Liles and Tom Cotter, who purchased the former Cannon Mills property in 2004. George Liles will remain part of the new ownership group, along with his four sons. Established in 1899, Gibson Mill sits on 33 acres and includes a …

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Northpoint Shopping Center
Investment salesNewsWisconsin

Hastings Properties LLC Acquires Northpoint Shopping Center in Central Wisconsin for $8.2 Million

by Abby Cox

Stevens Point, Wis. — Hastings Properties LLC has acquired Northpoint Shopping Center, a 62,956-square-foot retail property located in the central Wisconsin city of Stevens Point, for $8.2 million. Built in 1968, Northpoint Shopping Center was fully leased at the time of sale to 11 tenants including Dollar Tree, Anytime Fitness, U.S. Cellular and Firehouse Subs. The property is situated on 4.2 acres near the University of Wisconsin-Stevens Point. Dan Bowar of Marcus & Millichap procured the buyer in the transaction.

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Shops-Wilma-Rudolph_Clarksville
Investment salesNewsTennessee

Matthews Negotiates Sale of 10,031-Square-Foot Retail Center in Northern Tennessee

by Abby Cox

Clarksville, Tenn. — Matthews has negotiated the sale of Shops of Wilma Rudolph, a 10,031-square-foot retail center located at 3031 Wilma Rudolph Blvd. in Clarksville, about 46 miles northwest of Nashville. A private investor based in north Alabama purchased the center from the seller, a development firm based in Tennessee, for more than $5 million. Hutt Cooke and Robert Tate of Matthews represented the seller in the transaction. Shops of Wilma was fully leased at the time of sale to Sleep Number, FedEx Office and a U.S. Army Recruiting Station, …

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fayette-square
Investment salesNewsOhio

Cooper Commercial Arranges $1.9 Million Sale of Fayette Square in Ohio

by Abby Cox

Washington Court House, Ohio — Cooper Commercial Investment Group has arranged the $1.9 million sale of Fayette Square, a 13,840-square-foot retail center in Washington Court House, located between Columbus and Cincinnati. Walmart Supercenter shadow anchors the center, which was fully occupied at the time of sale. Other tenants include T-Mobile, Cricket Wireless, Verizon Wireless, GameStop and Shoe Show, according to Showcase.com. Dan Cooper of Cooper Commercial Investment Group represented the seller, a Texas-based investment group, in the transaction. The property sold to a Kentucky-based buyer at a cap rate of 8 percent.

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IHOP_Tyler_TX
Investment salesNewsTexas

Hanley Investment Group Brokers Sale of Single-Tenant Restaurant Property in Tyler, Texas

by Abby Cox

Tyler, Texas — Hanley Investment Group Real Estate Advisors has brokered the sale of a single-tenant restaurant property located in the East Texas city of Tyler. IHOP occupies the 4,464-square-foot building, which is situated on a 1.9-acre outparcel to a Walmart Supercenter. The lease has seven years remaining. This transaction marks Hanley Investment Group’s third IHOP sale in Texas in the last five months. Garrett Wood of Hanley Investment Group, in association with ParaSell Inc., represented the seller, a private investor based in Florida. The buyer represented themselves.

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ArizonaDevelopmentGrocery-anchoredInvestment salesNews

SimonCRE Acquires 10 Acres to Develop Prasada East Retail Project in Surprise, Arizona

by Abby Cox

Surprise, Ariz. — SimonCRE has acquired approximately 10 acres of land to develop Prasada East, a 98,000-square-foot open-air center located in Surprise, about 30 miles northwest of Phoenix. SimonCRE plans to break ground on the project later this spring. Prasada East will complement the existing Village at Prasada and Prasada North developments, which comprise more than 1 million square feet. The initial phase of Prasada East will feature a new 35,100-square-foot Whole Foods Market as the property’s anchor, as well as additional box spaces, multiple restaurant pads and shop space. Additional …

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