Investment sales

CBRE Arranges $22.7 Million Sale of 18-Property Dollar General Portfolio in Pennsylvania, Ohio

by Abby Cox July 15, 2026

Pa. and Ohio — CBRE has arranged the $22.7 million sale of an 18-property, net-leased retail portfolio in Pennsylvania and Ohio. Totaling 174,078 square feet, the portfolio was fully occupied by Dollar General at the time of sale. Michael Shover, Matthew Gorman, Thomas Finnegan, Robert Thompson and Nick Holtz of CBRE represented the seller, Miller Bros. Construction, and the buyer, Realty Income, in the transaction. The Pennsylvania-based properties were located in the cities of Tioga, Bangor, Fawn Grove, Jersey Shore, Bellefonte, Berrysburg, Greencastle, Schellsburg, Oxford, Milan, Hazle Township, Newburg, Burlington and Beaver Meadows. The Ohio-based properties …

July 15, 2026

Investment sales Mixed-use News

Marcus & Millichap Brokers $22 Million Sale of Mixed-Use Property in Pasadena, California

by Abby Cox July 15, 2026

Pasadena, Calif. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Ave., a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the property to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi …

July 15, 2026

Investment sales News North Carolina

Colliers Negotiates Sale of 111,852-Square-Foot Shopping Center in Asheville, North Carolina

by Abby Cox July 15, 2026

Asheville, N.C. — Colliers has negotiated the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville. Built in 1956, Westgate is leased to Earth Fare, CVS Pharmacy, Crumbl Cookies, The UPS Store and other national and regional retailers. UNC Health purchased the shopping center from FIRC Group Inc. for an undisclosed price. Scott Israel of Colliers represented the seller in the transaction, while John Spake of Spake Real Estate represented the buyer.

July 15, 2026

Grocery-anchored Investment sales News Ohio

KPR Acquires Westwood Town Center in Rocky River, Ohio, for $28.2 Million

by Abby Cox July 14, 2026

Rocky River, Ohio — KPR Centers has acquired Westwood Town Center, a 226,155-square-foot shopping center in Rocky River, a suburb of Cleveland, for $28.2 million. The Home Depot and Marc’s, a regional grocery store, anchor the property, which was 95 percent occupied at the time of sale. Other tenants include AMC Theatres, Dollar Tree, FedEx and Third Federal Savings & Loan. Westwood Town Center also has nearly 11,000 square feet of space available for lease. Michael Nieder and Brian Page of JLL represented the seller, Zeisler Morgan Properties, in the …

July 14, 2026

Illinois Investment sales News

Marcus & Millichap Arranges $3.5 Million Sale of Retail Property in Schiller Park, Illinois

by Abby Cox July 14, 2026

Schiller Park, Ill. — Marcus & Millichap has arranged the $3.5 million sale of a six-suite retail strip property located in Schiller Park near O’Hare International Airport and the Fashion Outlets of Chicago. The 23,000-square-foot property is situated on nearly 1.4 acres and is occupied by a mix of tenants including Shoeless Joe’s Ale House & Grille, Enterprise Rent-A-Car and Axeclusive Axe Throwing & VR Lounge. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap marketed the property on behalf of the seller, a partnership of two local investors.

July 14, 2026

Investment sales News Texas

YPI Sells 86,698-Square-Foot Retail Center in Metro Dallas

by Abby Cox July 14, 2026

Prosper, Texas — Younger Partners Investment (YPI) has sold Shops at Prosper Trail, an 86,698-square-foot retail center located in Prosper, about 35 miles north of downtown Dallas. Built in 2016, Shops at Prosper Trail was fully leased at the time of sale to tenants including Anytime Fitness, Pacific Dental Services, Wingstop and Supercuts, among others, according to LoopNet Inc. Kroger shadow anchors the property. Adam Howells and Erin Myer of JLL represented the seller in the transaction. The buyer was Phillips Edison & Co.

July 14, 2026

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Illinois Investment sales News

Marcus & Millichap Brokers $14 Million Sale of LA Fitness-Anchored Retail Property in Metro Chicago

by Abby Cox July 13, 2026

Mundelein, Ill. — Marcus & Millichap has arranged the nearly $14 million sale and financing of an LA Fitness-anchored, four-suite retail property in Mundelein, roughly 35 miles northwest of downtown Chicago. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an experienced real estate investor and developer in Chicagoland. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer, which completed a 1031 exchange. Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged $9.8 million in acquisition financing through a …

July 13, 2026

Investment sales News Tennessee

RealSource Group Arranges $2.7 Million Pre-Sale of Single-Tenant Restaurant Property in Southeastern Tennessee

by Abby Cox July 13, 2026

Hixson, Tenn. — RealSource Group has arranged the $2.7 million pre-sale of a single-tenant restaurant property in Hixson. Upon completion, Chick-fil-A will occupy the 6,008-square-foot building on a 15-year corporate triple-net ground lease. The store features a double drive-thru and will replace an existing Chick-fil-A property at Oak Park Town Center, a 182,000-square-foot shopping center. Construction is scheduled to begin in September 2026. Jonathan Schiffer and Austin Blodgett of RealSource Group, in association with ParaSell Inc., represented the buyer, a high‑net‑worth investor based in Florida. Don McMinn and Andrew Koriwchak …

July 13, 2026

Investment sales News Wisconsin

Hanley Investment Group Negotiates Sale of Three Single-Tenant Retail Properties in Eastern Wisconsin

by Abby Cox July 13, 2026

Wisconsin — Hanley Investment Group Real Estate Advisors has negotiated the off-market sale of three single-tenant O’Reilly Auto Parts stores located in eastern Wisconsin within the Fox Valley and greater Madison trade areas. The properties include: Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, a Montana-based development company, in the transaction. The buyer and sales price were not disclosed.

July 13, 2026

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California Grocery-anchored Investment sales News

JLL Arranges $20.5 Million Sale of Crown Valley Mall Near Laguna Beach, California

by Abby Cox July 10, 2026

Laguna Niguel, Calif. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a 62,627-square-foot, grocery-anchored retail center located near Laguna Beach. A private family, which had owned the property since it was originally built in 1969, sold the property to Charlotte, North Carolina-based Asana Partners. Tenants at Crown Valley Mall include Smart & Final, Baja Fish Tacos, Domino’s and Avis. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller and sourced the all-cash institutional buyer in the transaction.

July 10, 2026

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