Investment sales

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Investment salesNewsTexas

Younger Partners Acquires 375,000-Square-Foot Retail Portfolio in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Younger Partners Investments has acquired a 375,000-square-foot retail portfolio located at I-35 West and North Tarrant Parkway in Fort Worth. The portfolio, known as Presidio Junction, comprises three neighboring retail properties: Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge. The fully leased shopping centers are shadow anchored by Target and Costco and feature a mix of additional tenants such as T.J. Maxx, HomeGoods, Ross, Aldi, Petco, Old Navy, Sephora, Shoe Carnival, Five Below, Daiso and Rally House. Developed between 2015 and 2020, the portfolio also includes …

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FloridaInvestment salesNewsUncategorized

SRS Negotiates $4.3 Million Ground Lease Sale of Single-Tenant Retail Property in Lakeland, Florida

by Abby Cox

Lakeland, Fla. — SRS Real Estate Partners has negotiated the $4.3 million ground lease sale of a single-tenant retail property located at 3810 County Line Road in Lakeland. A Circle K convenience store and gas station occupies the 5,200-square-foot property, which was built in 2025, on a triple-net corporate-guaranteed, ground lease with 15 years remaining. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based developer. The 1031 exchange buyer was a California-based private investor.

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FloridaInvestment salesNews

Marcus & Millichap Brokers $3.5 Million Sale of Retail Property in West Palm Beach, Florida

by Abby Cox

West Palm Beach, Fla. — Marcus & Millichap has brokered the $3.5 million sale of an 8,450-square-foot retail property located in West Palm Beach. City Furniture purchased the property, which is adjacent to their existing West Palm Beach store, with plans to expand its footprint and redevelop the site. Built in 1979, the single-tenant retail property sits on less than one acre along Palm Beach Lakes Boulevard. The building was vacant at the time of sale and was previously occupied by Bedding Barn.  Nicholas McAndrew of Marcus & Millichap represented the seller, a private trust, and …

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Grocery-anchoredInvestment salesNew YorkNews

Cronheim Arranges $33.3 Million in Financing for Grocery-Anchored Center in New City, New York

by Abby Cox

New City, N.Y. — Cronheim has arranged a $33.3 million bridge loan for New City Center, a 128,801-square-foot center located in New City, approximately 30 miles north of Manhattan. Dev Morris, Allison Villamagna, Brandon Szwalbenest, and Andrew Stewart of Cronheim secured the three-year loan through Voya Investment Management on behalf of a JV partnership between KABR Group and BTF Capital Fund. The loan provided 75 percent of the total project costs, with additional future funding available for capital improvements. Anchored by ShopRite, New City Center features a mix of tenants such …

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Grocery-anchoredInvestment salesMarylandNews

Federal Realty Acquires Congressional North Shopping Center in Maryland for $72.3 Million

by Abby Cox

Rockville, Md. — Federal Realty Investment Trust (FRT) has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, approximately 12 miles northwest of Washington, D.C., for $72.3 million. Aldi anchors the center, which spans 12 acres. Additional tenants include RH Outlet, Petco and Staples. FRT also owns Congressional Plaza, Federal Plaza, Montrose Crossing and Pike & Rose in Montgomery County, Maryland, among other properties.

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IllinoisInvestment salesNews

Mid-America Negotiates $29 Million Sale of 171,860-Square-Foot Randall Square in Metro Chicago

by Abby Cox

Geneva, Ill. — Mid-America Real Estate has negotiated the sale of Randall Square, a 171,860-square-foot shopping center located in Geneva, roughly 40 miles west of Chicago. Alpharetta, Georgia-based Octave Holdings purchased the property for $29 million, according to public records. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Cincinnati-based Viking Partners, in the transaction. Randall Square features a mix of tenants including Nordstrom Rack, Marshalls, Ulta Beauty, PetSmart, Skechers, Five Below, Uncharted and Old Navy.

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Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Brokers $13.7 Million Sale of Grocery-Anchored Shopping Center in McHenry, Illinois

by Abby Cox

McHenry, Ill. — Marcus & Millichap has brokered the $13.7 million sale of McHenry Town Center, a 94,658-square-foot, grocery-anchored center located in McHenry, roughly 55 miles southeast of Chicago. Built in 2003, the eight-suite property is home to Aldi, Petco, Five Below, Bath & Body Works, Michaels and Famous Footwear. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private family with offices overseas and in Chicago, and procured the 1031 exchange buyer.

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FloridaInvestment salesNews

Marcus & Millichap Brokers $4.1 Million Sale of Retail Property in Hollywood, Florida

by Abby Cox

Hollywood, Fla. — Marcus & Millichap has brokered the $4.1 million sale of a 2,800-square-foot retail property located along the Hollywood Beach boardwalk in South Florida’s Broward County. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, a private South Florida-based investment group. The two-tenant retail property is fully leased to Fat Tuesday and Hollywood Beach Trikke, which has operated at the site since 2009.

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FloridaInvestment salesNews

Gazit Horizons Acquires 73,072-Square-Foot Sunset West Shopping Center in Miami

by Abby Cox

Miami — Miami-based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and SW. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery …

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marathea-plaza
Investment salesNewsNorth Carolina

Lucern Capital Partners Acquires Marathea Plaza in Mooresville, North Carolina, for $6.3 Million

by Abby Cox

Mooresville, N.C. — Red Bank, New Jersey-based Lucern Capital Partners has acquired Marathea Plaza, a 33,600-square-foot retail center located at 2785 Charlotte Highway in Mooresville, for $6.3 million. Tenants at the center include Papa John’s Pizza, Jackson Hewitt, Huang’s Chef and Bambini Italian Restaurant. The property spans roughly 4.5 acres.

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