Investment sales

Legends at Sparks Marina
Investment salesMixed-useNevadaNews

Alturas Capital Acquires 421,000-Square-Foot Lifestyle Component of Legends at Sparks Marina in Nevada

by Abby Cox

Sparks, Nev. — Idaho-based Alturas Capital Partners (ACP) has acquired the 421,000-square-foot lifestyle component of Legends at Sparks Marina, a 1.2 million-square-foot mixed-use project located in Sparks, approximately four miles east of downtown Reno. The property was purchased for more than $100 million, as reported by the Reno Gazette Journal. Legends at Sparks Marina, which was 97 percent leased at the time of sale, features a mix of more than 65 national and regional tenants including H&M, Nike, Sephora, Five Below, Yard House, Galaxy Theatres, Burlington and Cavender’s. Alongside the retail …

Continue Reading
0 FacebookTwitterLinkedinEmail
Promenade
FloridaInvestment salesNews

SRS Real Estate Brokers $7.9 Million Sale of Retail Strip Center in Metro Tampa, Florida

by Abby Cox

Wesley Chapel, Fla. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa. Built in 2025, the 9,222-square-foot property was fully leased at the time of sale to Heartland Dental, GoodVets and Ann’s Salon & Spa. William Wamble, Patrick Nutt and Connor Barton of SRS represented the seller, a Florida-based developer and investor. The all-cash buyer was a Florida-based investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
shoppes-at-sawdust
Investment salesNewsTexas

Palo Duro Negotiates Sale of The Shoppes at Sawdust in The Woodlands, Texas

by Abby Cox

The Woodlands, Texas — Houston-based Palo Duro Commercial Partners has negotiated the sale of The Shoppes at Sawdust, a 13,500-square-foot retail center located in The Woodlands, roughly 30 miles north of Houston. The property, which was fully leased at the time of sale, features a mix of tenants including 5Point Credit Union, Little Caesar’s, Cloud 9 Dental and Jimmy John’s. Walmart shadow anchors the center. Stephen J. Pheigaru and Chris Reul of Palo Duro represented the seller, an entity doing business as Sawdust Retail LP, in the transaction. The buyer …

Continue Reading
0 FacebookTwitterLinkedinEmail
India-Bazaar-Plaza
Grocery-anchoredInvestment salesNewsTexas

Marcus & Millichap Arranges Sale of 13,079-Square-Foot Retail Property in Metro Dallas

by Abby Cox

Little Elm, Texas — Marcus & Millichap has arranged the sale of India Bazaar Plaza, a 13,079-square-foot retail property located in Little Elm, approximately 33 miles north of downtown Dallas. Built in 2018, the retail center is fully leased to South Asian grocery operator India Bazaar, and Shahnaz Salon & Threading, under triple-net leases. Scott Abeel and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors.

Continue Reading
0 FacebookTwitterLinkedinEmail
Merchants-Walk
GeorgiaGrocery-anchoredInvestment salesNews

Sterling Organization Acquires Whole Foods-Anchored Shopping Center in Metro Atlanta for $93.2 Million

by Abby Cox

Marietta, Ga. — Sterling Organization has acquired Merchants Walk, a 271,992-square-foot shopping center located in Marietta, roughly 20 miles northwest of downtown Atlanta, for $93.2 million. The investment was made on behalf of Sterling’s $600 million equity institutional value-add fund, Sterling Value Add Partners IV. Whole Foods Market anchors Merchants Walk, which was 90 percent leased at the time of sale. Additional tenants include Marshalls, PetSmart, Old Navy, DSW, Ulta Beauty, Office Depot and Georgia Theater Company Cinemas. EDENS, an owner, developer and operator of open-air retail and mixed-use properties, was …

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesNewsWashington

Kiemle Hagood Brokers $32 Million Sale of Multi-Tenant Retail Property in Spokane, Washington

by Abby Cox

Spokane, Wash. — Spokane-based Kiemle Hagood has negotiated the $32 million sale of 5 Mile Shopping Center, a 163,000-square-foot, multi-tenant retail center in north Spokane. Romax 5 Mile LLC purchased the grocery-anchored property from 5-Mile Investment Company I LLC. Situated on 14.2 acres at 1812 W. Francis, the property features a mix of tenants including Rosauers, Starbucks Coffee, Chipotle Mexican Grill, Taco Bell, Washington Trust Bank, Mister Car Wash, GNC and Edward Jones. Casey Brazil and Richard Fox of Kiemle Hagood represented the seller, while Colin Conway and Steve McIntosh of …

Continue Reading
0 FacebookTwitterLinkedinEmail
Publix_Plaza-Normandy_Jacksonville
FloridaGrocery-anchoredInvestment salesNews

TSCG Arranges $20.7 Million Sale of Publix-Anchored Shopping Center in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — TSCG has brokered the $20.7 million sale of The Plaza at Normandy, a 58,691-square-foot, Publix-anchored shopping center located at the intersection of Normandy Boulevard and Chaffee Road South in Jacksonville. Built in 2024, The Plaza at Normandy was fully leased at the time of sale to Publix, Publix Liquor Store, Xtreme Wings, Hair Cuttery, Nail Art Studio & Spa, The UPS Store and AT&T Wireless. The shopping center includes outparcels for McDonald’s and Wawa that were not part of the sale. An unnamed 1031 exchange buyer purchased the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pep-Boys
FloridaInvestment salesNew YorkNews

Mavis Tire Agrees to Acquire Pep Boys from Icahn Enterprises for $700 Million

by Abby Cox

White Plains, N.Y. and Sunny Isles Beach, Fla. — Mavis Tire Express Services Corp. and Icahn Enterprises LP have entered into a definitive agreement under which a subsidiary of Mavis will acquire Pep Boys from Icahn Automotive Group LLC for approximately $700 million in cash. IEP will retain the owned real estate previously transferred to IEP from Pep Boys, as well as the AAMCO Transmissions and Precision Tune Auto Care businesses. Formally named The Pep Boys-Manny, Moe & Jack Holding Corp., Pep Boys is an automotive service company offering tires, repairs, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Commerce-Centre
Investment salesLouisianaNews

Marcus & Millichap Brokers Sale of 33,744-Square-Foot Multi-Tenant Retail Property in Metro Baton Rouge, Louisiana

by Abby Cox

Prairieville, La. — Marcus & Millichap has brokered the sale of Commerce Centre, a 33,744-square-foot multi-tenant retail property located in Prairieville, approximately 15miles southeast of downtown Baton Rouge. Situated on roughly four acres, the center was built in 2015 and features 15 retail suites. Commerce Centre was 72 percent occupied at the time of sale. Cole Voyles, Gus Lagos and Alex Wolansky of Marcus & Millichap marketed the property on behalf of the seller, a local owner, and procured the buyer, an East Coast-based investor. Steve Greer was Marcus & Millichap’s …

Continue Reading
0 FacebookTwitterLinkedinEmail
Mosiac_retail-portfolio
CaliforniaInvestment salesNews

CBRE Arranges $30 Million Sale of Six-Building Retail Portfolio in Long Beach, California

by Abby Cox

Long Beach, Calif. — CBRE has arranged the $30 million sale of Mosaic, a six-building retail portfolio located in downtown Long Beach. Totaling 148,405 square feet, the portfolio includes 50 East 4th Street; 145 East 4th Street; 300 and 325 The Promenade North; and 480 and 590 Pine Avenue. Tenants located within Mosaic, which was 78 percent occupied at the time of sale, include Ross Dress for Less, Studio One Eleven/RDC, Ammatoli, Pacific Dental, Panda Express, Wingstop, GNC, GameStop, U.S. Army, U.S. Armed Forces and City of Long Beach, among others. …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts