Investment sales

Parker-Square
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 94,532-Square-Foot Retail Center in Wichita Falls, Texas

by Abby Cox

Wichita Falls, Texas — Marcus & Millichap has brokered the sale of Parker Square, a 94,532-square-foot shopping center located in Wichita Falls. Built in 1955, the multi-tenant property features 23 retail suites and was 97 percent leased at the time of sale. Crunch Fitness occupies nearly half of the center’s rentable area. Other tenants include Jason’s Deli, Massage Envy, Heff’s Burgers and Deatherage Certified Optics, according to LoopNet Inc. Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller, one of the largest privately …

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7200-Circle-Ave-Forest-Park
IllinoisInvestment salesNews

Greenstone Partners Negotiates $8.4 Million Sale of Metro Chicago Retail Center

by Abby Cox

Forest Park, Ill. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, an 18,486-square-foot, multi-tenant retail center located in Forest Park, roughly 10 miles west of Chicago. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza is fully occupied and is home to Dunkin’ Donuts, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history.

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Whole-Foods-Nashua
Grocery-anchoredInvestment salesNew HampshireNews

Atlantic Capital Partners Sells Single-Tenant Retail Property in Southern New Hampshire for $22.5 Million

by Abby Cox

Nashua, N.H. — Atlantic Capital Partners has sold a single-tenant retail property located in Nashua, approximately 45 miles north of Boston, for $22.5 million. Whole Foods Market occupies the 44,538-square-foot building, which is situated within Webster Square, a 182,348-square-foot shopping center. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller in the transaction.

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Leesburg-Marketplace
FloridaInvestment salesNews

Marcus & Millichap Arranges $11.5 Million Sale of Retail Center in Leesburg, Florida

by Abby Cox

Leesburg, Fla. — Marcus & Millichap has arranged the $11.5 million sale of Leesburg Marketplace, an 81,071-square-foot retail center located in Leesburg, about 45 miles northwest of Orlando. Salim Valiani of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer in the transaction. Located at 1101-1107 West North Blvd., Leesburg Marketplace sits on roughly 9.4 acres and was built in 1987. The property was 95 percent leased at the time of sale to Dollar Tree, Ollie’s Bargain Outlet and the U.S. Army Corps. of Engineers, …

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stonesthrow-crossing
Investment salesNewsNorth Carolina

Legacy Realty Group Negotiates $7.3 Million Sale of 92,110-Square-Foot Stonesthrow Crossing in Greensboro, North Carolina

by Abby Cox

Greensboro, N.C. — Legacy Realty Group has negotiated the sale of Stonesthrow Crossing, a 92,110-square-foot retail center located at the intersection of Farmington Drive and W. Gate City Boulevard in Greensboro. Roses Department Store anchors the property, which features additional tenants such as Harbor Freight Tools. The center will be shadow anchored by a new Rural King location, which is scheduled to open in 2027. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented both the buyer, Charlotte, North Carolina-based Hilltide Capital, and the seller, locally based Koury Corp., …

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Sweetgrass-Corner
Investment salesNewsSouth Carolina

CRC Sells Two Adjacent Shopping Centers in Mount Pleasant, South Carolina

by Abby Cox

Mount Pleasant, S.C. — Baltimore-based Continental Realty Corp. (CRC) has sold two adjacent shopping centers located at 1903 and 1909 Highway 17 N. in Mount Pleasant. The properties, which include Sweetgrass Corner (88,316 square feet) and The Shops at Towne Centre Way (7,054 square feet), span a combined 95,370 square feet and were fully leased at the time of sale to tenants including Trader Joes, HomeSense and Golf Galaxy. CRC acquired Sweetgrass Corners in 2022 for $17 million and The Shops at Towne Centre Way for $3.9 million as part …

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Chipotle-Scout-Vet
IllinoisInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Two-Tenant Retail Property in Metro Chicago

by Abby Cox

Wheaton, Ill. — Marcus & Millichap has brokered the $4.4 million sale of a two-tenant retail property located in Wheaton, approximately 25 miles west of downtown Chicago. Chipotle Mexican Grill and Scout Veterinarian Urgent Care occupy the 5,849-square-foot center, which was built in 2023. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, a local developer and repeat client of the Sharko | Weisenbeck | Mendoza Group. Darpan Patel and Dan Yozwiak, also of Marcus & Millichap, procured the buyer, an Ohio-based private investor.

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Mesa-Grand-Shopping-Center
ArizonaInvestment salesNewsPower centers

Gantry Secures $38 Million in Refinancing for 224,000-Square-Foot Power Center in Metro Phoenix

by Abby Cox

Mesa, Ariz. — Gantry has secured a $38 million permanent loan to refinance maturing debt for Mesa Grand, a 224,000-square-foot regional power center located in Mesa, roughly 19 miles east of Phoenix. Tenants at the center include Famous Footwear, Burlington Coat Factory, Michaels, Dollar Tree, Texas Roadhouse, Starbucks Coffee, Chili’s and Crunch Fitness, which will open soon. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. An institutional balance sheet lender provided the five-year, fixed rate loan, which features full-term interest-only payments with …

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Pavilion-on-Lovers-Lane
FinanceInvestment salesNewsTexas

Corrigan Investments Sells 113,823-Square-Foot Grocery-Anchored Center in Dallas

by Abby Cox

Dallas — Corrigan Investments has sold Pavilion on Lovers Lane, a 113,823-square-foot neighborhood center located in Dallas. Barry Brown, Erin Myer, Wally Reid, Kristi Leonard and Luke Rogers of JLL Capital Markets arranged the sale and acquisition financing in the transaction. The buyer was a Dallas-based real estate investment firm. This acquisition marks the first time the property has ever been offered on the market. Pavilion on Lovers Lane spans two buildings and was 99.7 percent leased at the time of sale to tenants including Eatzi’s, Odelay, Stay Fit Studios and La …

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Sprouts-Venice-Fla
FloridaGrocery-anchoredInvestment salesNews

SRS Real Estate Arranges $14.8 Million Sale of Single-Tenant Retail Property Near Sarasota, Florida

by Abby Cox

Venice, Fla. — SRS Real Estate Partners has arranged the $14.8 million sale of a single-tenant retail property located in Venice, approximately 18 miles south of Sarasota. Sprouts Farmers Market occupies the 23,250-square-foot building, which was built in 2025, on a corporate-guaranteed lease with 19 years remaining. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate developer, in the transaction. The buyer was a Detroit-based private investor.

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