Investment sales

Oracle-Crossing
ArizonaGrocery-anchoredInvestment salesNews

JLL Negotiates $53.8 Million Sale of Grocery-Anchored Retail Center in Suburban Tucson, Arizona

by Abby Cox

Oro Valley, Ariz. — JLL Capital Markets has negotiated the $53.8 million sale of Oracle Crossing, a 265,530-square-foot retail center located in Oro Valley, approximately six miles northwest of Tucson. Patrick Dempsey and Ross Jorgensen of JLL represented the sellers, entities doing business as Oracle Crossings LLC and Oracle and Magee LLC. The buyers were two entities doing business as Oracle Station LLC and Oracle Station I LLC. Built in 2006, Oracle Station spans 30 acres and is anchored by Sprouts Farmers Market. Other tenants at the center, which was 96 …

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893-Broadway
Investment salesNew YorkNews

Atlantic Capital Partners Arranges $31 Million Sale of Retail, Office Building in Manhattan’s Flatiron District

by Abby Cox

New York City — Atlantic Capital Partners has arranged the $31 million sale of 893 Broadway, a 25,442-square-foot boutique office and retail building located in Manhattan’s Flatiron District. The five-story building is fully leased. Luxury mattress retailer Saatva occupies the lower-level and ground-floor retail space and Chief, a private network for women executives, occupies floors two through five. Chief, which has been a tenant at the property since 2019, has transformed its space into a flagship clubhouse that features a marble library bar, private call rooms, lounges, seven conference rooms and …

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DevelopmentFloridaGrocery-anchoredInvestment salesNews

BCIP Acquires 32.6 Acres on Florida’s Space Coast for Grocery-Anchored Mixed-Use Development 

by Abby Cox

West Melbourne, Fla. — Barron Collier Investment Partners (BCIP) has acquired 32.6 acres from MultiVerse Global, the developers of the 225-acre Space Coast Town Center in West Melbourne, a city on Florida’s Space Coast. BCIP will develop The Landing at Space Coast, a planned mixed-use project that will serve as the cornerstone of the larger master-planned community. Phase I of the development will include approximately 77,750 square feet of retail space anchored by a grocery store, along with restaurant and service-oriented tenants and 300 residential apartments. Phase II will comprise 70,000 …

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Wakefield-Commons
DevelopmentInvestment salesNewsNorth Carolina

Wilder, Greenberg Gibbons Purchase 163,975-Square-Foot Shopping Center in Raleigh, Plans Renovations

by Abby Cox

Raleigh, N.C. — Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975-square-foot shopping center located in Raleigh. According to the Triangle Business Journal, Mishorim Gold NC, LP sold the property for $33 million. The acquisition marks Wilder’s entry into North Carolina, as well as Greenberg Gibbon’s first purchase through its $300 million Real Estate Income Fund II. Wakefield Commons was 96.3 percent leased at the time of sale to tenants including Starbucks Coffee, Marquee Cinemas and Burn Boot Camp. Greenberg Gibbons plans to renovate and …

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Drake-Crossing
ColoradoInvestment salesNews

Alpine Investment Group Sells Drake Crossing in Fort Collins, Colorado, for $12.2 Million

by Abby Cox

Fort Collins, Colo. — Alpine Investment Group LLC has sold Drake Crossing, a 56,214-square-foot shopping center located in Fort Collins, for $12.2 million. Jason Schmidt and Austin Snedden of JLL represented the seller in the off-market transaction. The buyer was a joint venture between Big Ben Funds and CAMCRE. The three-building retail center was 96 percent occupied at the time of sale by tenants including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Safeway and Walgreens shadow anchor the property.

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Investment salesNewsTexas

Cohen & Steers Acquires 442,000-Square-Foot Retail Portion of Power Center in Metro Austin, Texas

by Abby Cox

Cedar Park, Texas — Cohen & Steers Income Opportunities REIT has acquired a 442,000-square-foot portion of 1890 Ranch, an 850,000-square-foot power center located in Cedar Park, a northern suburb of Austin. The acquisition was completed through a joint venture with the Sterling Organization. The seller was Endeavor Real Estate Group. Shadow anchored by Target, 1890 Ranch was 99 percent occupied at the time of sale to tenants including Academy Sports and Outdoor, Crunch Fitness, Burlington, Ross Dress for Less, Hobby Lobby and Ashley Furniture. 

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DevelopmentInvestment salesNewsTexas

Big V Property Group, The Seitz Group to Develop Rosamond Town Center in Anna, Texas

by Abby Cox

Anna, Texas — Big V Property Group and The Seitz Group are developing Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. The development will be anchored by Academy Sports + Outdoors, Aldi, Burlington, EOS Fitness, Hobby Lobby, HomeGoods, PetSmart and T.J. Maxx, and will feature several outparcels and specialty stores. Rosamond Town Center is a complementary development to Rosamond Crossing, a 175,300-square-foot, Kroger-anchored center that includes additional tenants such as Bank of America and McDonald’s. The overall complex will span approximately 750,000 square feet. …

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Anna-Texas
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 7,295-Square-Foot Retail Center in North Texas

by Abby Cox

Anna, Texas — Marcus & Millichap has brokered the sale of a 7,295-square-foot multi-tenant retail property located in the North Texas city of Anna. Built in 2021, the four-suite retail property was fully leased at the time of sale to Verizon Wireless, The UPS Store, Jersey Mike’s Subs and Fuzzy’s Taco Shop. The property was acquired as part of a two-property portfolio that included an adjacent shopping center. Chris Gainey and Philip Levy of Marcus & Millichap represented the buyer, a Dallas-area private partnership. The acquisition was completed as part of …

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Hammock-Landing
FloridaInvestment salesNewsPower centers

Atlantic Capital Partners Sells Power Center on Florida’s Space Coast for $78.5 Million

by Abby Cox

West Melbourne, Fla. — Atlantic Capital Partners has sold Hammock Landing, a 750,000-square-foot, super-regional power center located in West Melbourne, a city on Florida’s Space Coast, for $78.5 million. Tenants at Hammock Landing include Marshalls, HomeGoods, Ross Dress for Less, Academy Sports, Petco, Buffalo Wild Wings, AT&T, Ulta Beauty and SunTrust Bank. Target and Kohls shadow anchor the property. The first phase of the center was developed in 2009, and the second phase was delivered in 2014. Justin Smith, Sam Koonce, Dean Sands, Chris Peterson, Fred Victor and Matt Ericson of …

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Madison-Yards
GeorgiaGrocery-anchoredInvestment salesNews

Newmark Negotiates Sale of 162,500-Square-Foot Grocery-Anchored Neighborhood Center in Atlanta

by Abby Cox

Atlanta — Newmark has negotiated the sale of Madison Yards, a 162,500-square-foot neighborhood center located in Atlanta’s Reynoldstown neighborhood. Delivered in 2018, Madison Yards is anchored by Publix and was 97 percent leased at the time of sale. Other tenants include a mix of national and local tenants across food and beverage, fitness and entertainment, as well as one of the highest-performing AMC Theatre locations in Georgia, according to Newmark. Conor Lalor, Kyle Minter, James Sharpe and Cameron Alexander of Newmark represented the seller in the transaction.

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