Investment sales

1700-NW-Chipman-Rd-Lees-Summit-MO-8
Investment salesMissouriNewsPower centers

Ranier Cos. Sells Summit Woods Crossing in Metro Kansas City, Missouri, for $103 Million

by Abby Cox

Lee’s Summit, Mo. — The Ranier Cos. has sold Summit Woods Crossing, a 545,204-square-foot open-air power center located in Lee’s Summit, roughly 20 miles southeast of Kansas City. CTO Realty Growth purchased the property for $103 million, or $189 per square foot. Lowe’s Home Improvement and Kohl’s anchor the center, which was nearly fully leased at the time of sale. Additional tenants at the property include Best Buy, Michaels, Petco, T.J. Maxx, Total Wine, Ulta Beauty, Old Navy and an on-site SuperTarget not included in the transaction. The Ranier Cos. originally …

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Keene Plaza
FloridaGrocery-anchoredInvestment salesNews

MCB Real Estate Acquires 81,272-Square-Foot Grocery-Anchored Center in Largo, Florida

by Abby Cox

Largo, Fla. — MCB Real Estate has acquired Keene Plaza, an 81,272-square-foot shopping center located at 2150 East Bay Drive in Largo, roughly 23 miles northeast of Tampa. Sprouts Farmers Market and BioLife Plasma Services anchor the retail property, which features a mix of additional tenants such as McDonald’s, Little Caesars, Dollar General, Hibachi Express, The Corner Skillet and Corner Wash Laundry. Renovated in 2025, recent improvements at the center include fresh building façades, resurfaced parking facilities, enhanced lighting, modernized retail suite interiors, updated mechanical systems and new roof installations.

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Investment salesNewsPennsylvania

JLL Arranges $39 Million Sale of 56,252-Square-Foot Prickett Preserve Shopping Center in Metro Philadelphia

by Abby Cox

Yardley, Pa. — JLL Capital Markets has arranged the $39 million sale of Prickett Preserve, a 56,252-square-foot shopping center located in Yardley, roughly 30 miles northeast of Philadelphia. Prickett Preserve holds the highest price per square foot for any shopping center deal ever sold in the Philadelphia MSA, according to JLL. Completed between 2023 and 2024, the property serves as the retail centerpiece of the broader Prickett Preserve mixed-use development. The center was 99 percent leased at the time of sale to tenants including CVS Pharmacy, Chase Bank, Chipotle Mexican Grill, …

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Investment salesNewsSouth Carolina

CSNREIT Acquires 162,326-Square-Foot Manchester Village Near Charlotte, North Carolina 

by Abby Cox

Rock Hill, S.C. — Cohen & Steers Income Opportunities REIT (CSNREIT) has acquired Manchester Village, a 162,326-square-foot power center located in Rock Hill, roughly 25 miles south of downtown Charlotte, North Carolina. CNSREIT purchased Manchester Village through a programmatic joint venture with the Sterling Organization. The retail property, which was 99 percent leased at the time of sale, features a mix of tenants including HomeGoods, Ross Dress for Less, T.J. Maxx, Michaels, Books-A-Million, Ulta Beauty and Five Below, among others.

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Springfield Crossing
Grocery-anchoredInvestment salesMassachusettsNews

Atlantic Capital Partners Arranges $35.3 Million Sale of Two Anchor Boxes in Springfield, Massachusetts

by Abby Cox

Springfield, Mass. — Atlantic Capital Partners has arranged the $35.3 million sale of two newly constructed anchor boxes located within Springfield Crossing in the Western Massachusetts city of Springfield. The two buildings, which are leased to BJ’s Wholesale Club and Hobby Lobby, total 159,344 square feet. Springfield Crossing, a 228,756-square-foot open-air center, features a mix of additional tenants including PetSmart, La-Z-Boy, Chick-fil-A, Chipotle Mexican Grill, Chase Bank, Carter’s and Skechers. Transformed from the former Eastfield Mall, Springfield Crossing is currently 99 percent occupied. Justin Smith, Chris Peterson, Danielle Turpin, Matt Ericson …

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Cleveland Marketplace
FloridaGrocery-anchoredInvestment salesNews

Dowd Cos. Negotiates $7 Million Sale of Grocery-Anchored Center in Southwest Florida

by Abby Cox

Punta Gorda, Fla. — The Dowd Cos. has negotiated the $7 million sale of Cleveland Marketplace, a 66,479-square-foot community center located in the Southwest Florida city of Punta Gorda. Winn-Dixie, which has anchored the center since 1998, occupies 48,399 square feet alongside daily-needs and restaurant tenants including Hanna Pharmacy, Subway, Sky Liquor and Empire Bagel. John Dowd, Theresa Johnson and Peyton Dowd of The Dowd Cos. represented both the seller and the buyer, a private 1031 investor, in the transaction.

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5546 Broadway
DevelopmentInvestment salesNew YorkNews

OakNorth Provides $7.1 Million Loan for Acquisition, Redevelopment of Retail Property in the Bronx

by Abby Cox

New York City — OakNorth, a digital commercial bank and financial technology company, has provided a $7.1 million loan for the acquisition of 5546 Broadway, a 10,000-square-foot retail property located within the Marble Hill/Kingsbridge neighborhood of The Bronx. The property has roughly 200 feet of frontage on Broadway and at the main entrance to the 114,000-square-foot Broadway Plaza Mall. The buyers, Crown Acquisitions and KSR Capital, will use the loan to redevelop the property, support tenant improvements and fund leasing costs.

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DevelopmentInvestment salesNewsTexas

CenterPoint Acquires 12 Acres in Metro Dallas, Plans Retail Development

by Abby Cox

Waxahachie, Texas — CenterPoint Commercial Properties has acquired 12 acres in Waxahachie, roughly 30 miles south of Dallas, with plans to develop the Village at Soma Creek. The project forms a portion of a 22-acre retail component that is part of a larger 76.7-acre master-planned development in Ellis County. CenterPoint plans to develop the property with a mix of national and regional retailers, restaurants and service-oriented uses, incorporating a combination of pad sites, ground leases and build-to-suit opportunities. The company is already negotiating terms with several national tenants for locations within …

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Lahaina-Cannery
HawaiiInvestment salesNews

U.S. Realty Partners Sells Two-Property Retail Portfolio in Lahaina, Hawaii, for $155M

by Abby Cox

Lahaina, Hawaii — An affiliate of U.S. Realty Partners has sold a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.

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Redners-Douglassville
Grocery-anchoredInvestment salesNewsPennsylvania

Marcus & Millichap Brokers $7.1 Million Sale of Grocery Store in Eastern Pennsylvania

by Abby Cox

Douglassville, Pa. — Marcus & Millichap has brokered the $7.1 million sale of a grocery store located within Douglassville Shopping Center in the Eastern Pennsylvania city of Douglassville, roughly 40 miles northwest of Philadelphia. Redner’s Fresh Market occupies the 48,000-square-foot building, which was built in 1976 and renovated in 2025. Redner’s Markets is a privately held, employee-owned grocery company with 64 locations across the Mid-Atlantic. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap listed the property on behalf of the seller, a regional limited partnership, and procured …

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