Investment sales

Derby Shopping Center
ConnecticutInvestment salesNews

IPA Negotiates $15.4 Million Sale of Derby Shopping Center in Connecticut

by Abby Cox

Derby, Conn. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the $15.4 million sale of Derby Shopping Center, a 170,683-square-foot shopping center located in Derby, eight miles west of New Haven. Built in phases from 1985 to 2023, Derby Shopping Center is home to a mix of tenants including Splash Car Wash, Webster Bank, Dunkin and Lowe’s Home Improvement, which occupies 90 percent of the property’s total square footage. Jim Koury of IPA and Henry McKenney of Marcus & Millichap represented the seller and procured …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mulberry-Village
GeorgiaGrocery-anchoredInvestment salesNews

Essential Growth Properties Acquires Publix-Anchored Shopping Center in Mulberry, Georgia, for $13.4 Million

by Abby Cox

Mulberry, Ga. — Essential Growth Properties has acquired Mulberry Village, a 75,200-square-foot grocery-anchored center located in Mulberry, approximately 50 miles northeast of Atlanta, for $13.5 million. Built in 2008 on about 17 acres, Mulberry Village is anchored by a newly renovated Publix. Additional tenants at the center, which was 94 percent occupied at the time of sale, include Taco Bell, Maria’s Tex Mex, State Farm, Capital Nails, Spice Wing and Peking Chinese. The property also features four undeveloped outparcels for future use. Jim Hamilton, Brad Buchanan, Andrew Michols and Charlie …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shoppes at College Hills
IllinoisInvestment salesNews

Mid-America Arranges Sale of 144,555-Square-Foot Retail Center in Central Illinois

by Abby Cox

Normal, Ill. — Mid-America Real Estate Corp. has arranged the sale of Shoppes at College Hills, a 144,555-square-foot lifestyle center located in the college town of Normal. Hobby Lobby anchors the center, which was 96 percent leased at the time of sale. Additional tenants include J.Crew Factory, Starbucks, JD Sports, Maurices, Buckle, Comcast, Dry Goods, Charles Schwab, Massage Envy, J. Jill, Bath & Body Works, Chico’s, Soma, WHBM and Crumbl Cookies. Ben Wineman of Mid-America represented the seller, a joint venture between M&J Wilkow and ALTO Real Estate Funds, in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentGrocery-anchoredInvestment salesNews

Renovation of Heritage Square Opens in Irvine, California

by Abby Cox

Irvine, Calif. — Construction has been completed on the renovation of Heritage Square, an 85,000-square-foot grocery anchored shopping center located in Irvine. The project, designed by Nadel Architects, consisted of a full aesthetic refresh of the center, which was originally built in 1984. Additional improvements included the repositioning of two existing shop buildings, the demolition of two outdated structures and the redevelopment of a new 28,000-square-foot retail market building. The center is managed by Meadows Asset Management. Situated adjacent to the 233,000-square-foot Heritage Plaza shopping center, Heritage Square is home to …

Continue Reading
0 FacebookTwitterLinkedinEmail
landstown-commons
Investment salesNewsVirginia

Berkeley Capital Advisors Arranges $102 Million Sale of Landstown Commons in Virginia Beach, Virginia

by Abby Cox

Virginia Beach, Va. — Berkeley Capital Advisors has arranged the $102 million sale of Landstown Commons Shopping Center, a 408,851-square-foot super-regional power center located in Virginia Beach. Kohl’s, Ross Dress for Less, Best Buy, Old Navy and Ulta Beauty anchor the center. Other tenants include Bath & Body Works, Carter’s, Burlington, Five Below, Dollar Tree and PetSmart. Moritt Hock & Hamroff represented the buyer, an affiliate of Yale Realty Services. Rob Carter of Berkeley Capital Advisors represented the seller, Acadia Realty Trust. The Bank of Montreal provided $73.4 million in …

Continue Reading
0 FacebookTwitterLinkedinEmail
gateway-shopping-center
CaliforniaInvestment salesNews

DJM Sells Gateway Shopping Center in Mission Viejo, California, for $51 Million

by Abby Cox

Mission Viejo, Calif. — Orange County-based DJM has sold Gateway Shopping Center, a 79,001-square-foot shopping center located in Mission Viejo. An institutional buyer purchased the property for $51 million. JLL represented DJM in the all-cash transaction. Completed in 1979 on 7.4 acres, Gateway Shopping Center features a mix of tenants including Starbucks, Baja Fresh, Saddleback Family & Urgent Care and Chase, among others. The center was 97 percent leased at the time of sale. DJM acquired Gateway Center in December 2021 from Gerrity Group for $39.5 million. Following the acquisition, DJM …

Continue Reading
0 FacebookTwitterLinkedinEmail
Western-Plaza
CaliforniaInvestment salesNews

West Hive Capital Sells Western Plaza in Southern California for $24.5 Million

by Abby Cox

Rancho Palos Verdes, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $24.5 million sale of Western Plaza, a 28,190-square-foot neighborhood center located in Rancho Palos Verdes. Jeff Lefko of Hanley Investment Group represented the seller, West Hive Capital, in the transaction. Sheila Alimadadian of Marcus & Millichap represented the buyer, Aria Investments. After acquiring Western Plaza in 2024 for $8 million, West Hive Capital completed a full-scale redevelopment of the property. Renovations featured a complete exterior façade modernization, upgraded building systems, parking lot enhancements, an improved tenant mix …

Continue Reading
0 FacebookTwitterLinkedinEmail
Gruene-Heights
Investment salesNewsTexas

SRS Real Estate Brokers Sale of 25,767-Square-Foot Retail Center in Metro San Antonio

by Abby Cox

New Braunfels, Texas — SRS Real Estate Partners has brokered the sale of Gruene Heights, a 25,767-square-foot multi-tenant retail center located in New Braunfels, approximately 30 miles northwest of San Antonio. Built in 2024 on about 3.5 acres, the center is home to seven tenants including Papa Johns Pizza, Garcia’s Mexican Food Restaurant, Chicken Salad Chick and River Smiles Dentistry. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Real Estate Partners represented the seller, a San Antonio-based developer, in the transaction. The buyer was a Houston-based private investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
Nassau Park Pavilion
Grocery-anchoredInvestment salesNew JerseyNews

CBRE Brokers Sale of 760,765-Square-Foot Power Center in Princeton, New Jersey

by Abby Cox

Princeton, N.J. — CBRE has brokered the sale of Nassau Park Pavilion, a 760,765-square-foot power center located in Princeton. Wegmans anchors the center, which is also home to tenants such as Target, Home Depot, Five Below, Floor & Décor, Just Salad, Bluestone Lane and Mezeh. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, SITE Centers Corp., in the transaction. The buyer was Bridge 33 Capital.

Continue Reading
0 FacebookTwitterLinkedinEmail
6773-W-Bell-Rd-Glendale-AZ
ArizonaInvestment salesNews

Cushman & Wakefield Arranges $3.2 Million Sale of Single-Tenant Retail Property in Metro Phoenix

by Abby Cox

Glendale, Ariz. — Cushman & Wakefield has arranged the $3.2 million sale of a single-tenant retail property located in Glendale, roughly nine miles northwest of downtown Phoenix. Dollar Tree occupies the 12,064-square-foot property, which was built in 2002 under a net lease structure. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller, WM Grace Cos., in the transaction. The buyer was Teakwood Norman LLC.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts