Investment sales

The-Meridian
Grocery-anchoredInvestment salesNewsPennsylvania

TPG-Led Investor Group Acquires Shopping Center Owner ECHO Realty in $2 Billion Deal

by Abby Cox

Pittsburgh — TPG Real Estate has acquired ECHO Realty, a full-service owner and operator of grocery-anchored retail real estate, in a transaction valued at $2 billion. TPG, a global asset management firm based in San Fransisco, partnered with global investment groups PSP Investments, La Caisse and Norges Bank Investment Management for the transaction. “Our more than two decades of building and operating neighborhood, necessity-based shopping destinations demonstrate the enduring demand for grocery-anchored retail close to home,” says Thomas Karet, founder and CEO of ECHO. “With TPG’s investment and business-building expertise, …

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North-Grove-Center
FloridaGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers $9.6 Million Sale of Grocery-Anchored Shopping Center in Metro Tampa

by Abby Cox

Seffner, Fla. — Marcus & Millichap has brokered the $9.6 million sale of North Grove Center, a 69,757-square-foot retail center located in Seffner, approximately 15miles east of downtown Tampa. Drew Kristol and Kirk Olson of Marcus & Millichap marketed the property on behalf of the seller, a Florida-based private investment group, in the transaction. Discount grocery chain Save A Lot anchors North Grove Center, which features a mix of additional tenants such as Planet Fitness, Dollar Tree and Ace Hardware, along with various local shops, restaurants and service-oriented retailers. Recent …

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Venetia-Village
FloridaGrocery-anchoredInvestment salesNews

Cleeman Realty Group Negotiates $9.1 Million Sale of Venetia Village in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Cleeman Realty Group has negotiated the $9.1 million sale of Venetia Village, a 93,925-square-foot shopping center located in Jacksonville. The center is situated on about 10 acres and has been owned and operated by the same family for more than 40 years. Winn-Dixie anchors the property, which features additional tenants such as Dollar General, Anytime Fitness and Dunkin’ Donuts. The new ownership plans to modernize the property and enhance the overall tenant mix. Michael Cleeman of Cleeman Realty Group represented the buyer, an entity doing business as Gator …

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Midland-Commons
Investment salesNewsRhode Island

Atlantic Capital Partners Arranges $20.5 Million Sale of Midland Commons Power Center in Metro Providence

by Abby Cox

Warwick, R.I. — Atlantic Capital Partners has arranged the $20.5 million sale of Midland Commons, a 160,448-square-foot power center located in Warwick, approximately 12 miles north of Providence. Situated on roughly 23 acres, the center is anchored by Dick’s Sporting Goods, Burlington and Planet Fitness. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin, Stephen Joseph, Stephen Hassenflu and Matt Ericson of Atlantic Capital Partners represented the seller and the buyer in the transaction. An alternative asset manager provided a $15 million non-recourse acquisition loan on behalf of the borrower, Montreal-based Brasswater. …

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8781-Cuyamaca-St-9822-Buena-Vista-Ave-Santee-CA
CaliforniaInvestment salesNews

CBRE Arranges $3.7 Million Sale of Multi-Tenant Retail Property in Southern California

by Abby Cox

Santee, Calif. — CBRE has arranged the sale of a multi-tenant retail building located at 8781 Cuyamaca St. and 9822 Buena Vista Ave. in the Southern California city of Santee, roughly 18 miles northeast of downtown San Diego. Affiliates of Calgary Development sold the property to Burggraf Family Trust for $3.7 million. Situated on 1.1 acres, the property features 16,390 square feet of retail space and was 90 percent leased at the time of sale. Reg Kobzi, Michael Peterson and Lane Robertson of CBRE represented the seller, while William Strocco Jr. …

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8805-Centreville-Rd-Manassas
Grocery-anchoredInvestment salesNewsVirginia

Marcus & Millichap Brokers $10.2 Million Sale of H-Mart-Anchored Shopping Center in Northern Virginia

by Abby Cox

Manassas, Va. — Marcus & Millichap has brokered the $10.2 million sale of a 67,022-square-foot shopping center located in Manassas, roughly 31 miles southwest of Washington, D.C. H Mart anchors the center, which was built in 1981. Other tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Domino’s Pizza and Wingstop, as well as several local retailers. Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller, a private individual based in the local area, and procured …

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Vintage-Marketplace
Grocery-anchoredInvestment salesNewsTexas

Brixmor Property Group Acquires 72,184-Square-Foot Grocery-Anchored Shopping Center in Houston

by Abby Cox

Houston — Brixmor Property Group has acquired Vintage Marketplace, a 72,184-square-foot shopping center located in Houston, roughly 26 miles northwest of downtown. Ryan West, Chris Gerard and Erin Lazarus of JLL represented the seller in the transaction. Whole Foods Market anchors Vintage Marketplace, which was 94.4 percent occupied at the time of sale. Additional tenants at the property include Torchy’s Tacos, Orangetheory Fitness, Mod Pizza, Jersey Mike’s Subs and Nothing Bundt Cakes, among other service-oriented retailers.

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Super-Star-Car-Wash-Tucson-AZ
ArizonaInvestment salesNews

Marcus & Millichap Brokers $9.7 Million Sale-Leasebacks of Two Car Wash Properties in Arizona

by Abby Cox

Tucson and Glendale, Ariz. — Marcus & Millichap has negotiated the sales of two single-tenant Super Star Car Wash properties in Tucson and Glendale for a combined $9.7 million. Super Star Car Wash sold the assets to two separate buyers. The Tucson property, located at 8690 E. Golf Links Road, sold for $4.7 million. Built in 2024, the 4,226-square-foot car wash sits on approximately 1.2 acres. The Glendale property, located at 5131 W. Olive Ave., sold for $5 million. Completed in 2025, the 4,620-square-foot asset occupies approximately 1.1 acres. Founded in …

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Eastview-Commons-Terre-Haute
IndianaInvestment salesNews

Hanley Investment Group Arranges $5.3 Million Sale of Western Indiana Retail Center

by Abby Cox

Terre Haute, Ind. — Hanley Investment Group Real Estate Advisors has arranged the $5.3 million sale of Eastview Commons, a newly constructed, 9,140-square-foot retail property in Terre Haute, about five miles east of the Illinois border. Dylan Mallory of Hanley, in association with ParaSell Inc., represented the seller, Terre Haute-based Gibson Development. The buyer was a private investor based in Pennsylvania. Built in 2025, Eastview Commons is fully occupied and anchored by Chipotle. Additional tenants include Azzip Pizza, Route 46 Liquors and Nailvana. The four-tenant retail property is positioned as …

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Tomball_Merchantile_Rendering
Investment salesNewsTexas

Partnership to Develop 15,225-Square-Foot Tomball Mercantile Retail Center in Metro Houston

by Abby Cox

Tomball, Texas — A partnership between Baker Katz and Fox & Graham is developing Tomball Mercantile, a 15,225-square-foot retail center located in Tomball, approximately 30 miles northwest of downtown Houston. Construction is expected to begin this summer. Confirmed tenants at Tomball Mercantile, which is already 80 percent preleased, include Tex-Mex concept La Viva Cantina and Jason’s Deli. The center will be situated at the entrance of the 150-acre Tomball Medical Complex.

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