Investment sales

2029-S-Hacienda-Blvd-Hacienda-Heights-CA
CaliforniaInvestment salesNews

Marcus & Millichap Brokers $13 Million Sale of Retail Center in Hacienda Heights, California

by Abby Cox

Hacienda Heights, Calif. — Marcus & Millichap has brokered the $13 million sale of Hacienda Village, a 23,645-square-foot retail center located in Hacienda Heights, approximately 19 miles southeast of downtown Los Angeles in the San Gabriel Valley. Built in 1963, the property features 17 retail suites that are leased to a mix of local food-and-beverage and service-oriented tenants. A Los Angeles-based private investor acquired the property for $549.80 per square foot. Ron Duong of Marcus & Millichap represented the seller, an Orange County, California-based private partnership, in the transaction.

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Investment salesNewsVirginia

SRS Real Estate Arranges $14.9 Million Sale of Two-Tenant Retail Property Near Washington, D.C

by Abby Cox

Vienna, Va. — SRS Real Estate Partners has arranged the $14.9 million sale of a two-tenant retail property located in Vienna, roughly 15 miles west of Washington, D.C. Built in 2019, the two-story building is fully occupied by Chick-fil-A on the ground floor, while Flagship Carwash operates a full-service facility on the second floor. Andrew Fallon and Philip Wellde of SRS represented the seller, the original developer of the property. The buyer was a local investor.

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Grocery-anchoredInvestment salesNewsOhio

Hendon Properties Acquires 734,199-Square-Foot Shopping Center in Metro Cleveland, Ohio

by Abby Cox

Parma, Ohio — Atlanta-based Hendon Properties, in a joint venture with Axiom Realty and Peaceable Street Capital, has acquired The Shoppes at Parma in the Cleveland suburb of Parma. Anchor tenants at the 734,199-square-foot shopping center include Walmart Supercenter, Burlington, Dick’s Sporting Goods and grocer Marc’s. The deal includes six outparcels with a variety of tenants such as Crumbl Cookies, T-Mobile, Five Guys Burgers & Fries and Panera Bread. Opened in 1956, the property was formerly known as Parmatown Mall. The center marks the fifth property acquired by The Hendon …

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Comatara-Center
Investment salesKansasNews

Prudent Growth Partners Acquires Neighborhood Center in Wichita, Kansas, for $7.7 Million

by Abby Cox

Wichita, Kan. — North Carolina-based Prudent Growth Partners has acquired Comotara Center, a 55,650-square-foot neighborhood center located in Wichita, for $7.7 million. Originally constructed in 1985 and expanded in 1987, the center was 93 percent leased at the time of sale to 13 tenants including Dollar Tree, Five Guys, Edward Jones and State Farm.

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South-Town-Crossing-II
Investment salesNewsTexas

Westwood Financial Purchases 23,300-Square-Foot Retail Center in Metro Fort Worth, Texas

by Abby Cox

Burleson, Texas — Los Angeles-based Westwood Financial has acquired South Town Crossing II, a 23,300-square-foot retail center located in Burleson, approximately 13 miles south of downtown Fort Worth. Target shadow anchors the property, which adjoins South Town Crossing I, a 59,986-square-foot retail center. South Town Crossing II was fully leased at the time of sale to tenants including Petco, Mathnasium, Mattress Firm and Glitz Nails. With this acquisition, Westwood now owns 83,286 square feet within South Town Crossing, representing 82 percent of the shop space surrounding the Target anchor.

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Grocery-anchoredInvestment salesNew YorkNews

Brixmor Acquires 221,612-Square-Foot Mayfair Shopping Center in Commack, New York, for $70 Million

by Abby Cox

Commack, N.Y. — Brixmor Property Group has acquired Mayfair Shopping Center, a 221,612-square-foot retail property located in the Long Island community of Commack for $70 million. Lidl, Planet Fitness and PGA TOUR Superstore anchor the property, which was built in 1958. Other tenants at the center include Gap, Sephora, J.Crew Factory, H&R Block, and Tropical Smoothie Café. M Nail and Lash Bar recently signed a new lease at the retail center, while MyGym opened this January. Kid’s Empire, which is under construction, is expected to open later this year. Allison Villamagna …

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Super Star Car Wash
CaliforniaInvestment salesNews

SRS Real Estate Brokers $6.2 Million Sale of Single-Tenant Retail Property in Newport Beach, California

by Abby Cox

Newport Beach, Calif. — SRS Real Estate Partners has brokered the $6.2 million sale of a single-tenant retail property in Newport Beach. Super Star Car Wash occupies the 6,947-square-foot building on a corporate-guaranteed absolute triple-net lease, with approximately 20 years remaining. Calvin Short and Aron Cline of SRS Real Estate represented the seller, a Phoenix-based owner and operator. The buyer was a Los Angeles-based private investor.

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ConnecticutGrocery-anchoredInvestment salesNews

Clarion Partners Acquires 156,568-Square-Foot, Grocery-Anchored Center in Norwalk, Connecticut

by Abby Cox

Norwalk, Conn. — Clarion Partners, on behalf of Clarion Partners Real Estate Income Fund, has acquired Main Avenue Shopping Plaza, a 156,568-square-foot shopping center located in the southern coastal Connecticut city of Norwalk. According to the Hartford Business Journal, the property sold for $45.2 million. The retail center, which was fully leased at the time of sale, is anchored by Stop & Shop, Hobby Lobby and Total Wine & More. JLL represented the seller, a joint venture between Sagehall Partners and The Prusik Group, in the transaction.

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AlabamaGrocery-anchoredInvestment salesNews

IPA Brokers $23.1 Million Sale of Publix-Anchored Shopping Center in Alexander City, Alabama

by Abby Cox

Alexander City, Ala. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $23.1 million sale of The Gateway at Lake Martin, a grocery-anchored shopping center located in east-central Alabama. Built in 2024, the 93,352-square-foot center is situated on a 22-acre site. The Gateway at Lake Martin features a mix of tenants including Publix, Marshalls, Starbucks Coffee, Rack Room Shoes and Five Below, as well as four outparcels that were not part of the transaction. Zach Taylor of IPA’s Atlanta office, along with Robby Pfeiffer and …

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CaliforniaInvestment salesNews

RealSource Group Arranges $11.8 Million Sale of Single-Tenant Retail Property in Inland Empire

by Abby Cox

Lake Elsinore, Calif. — RealSource Group has arranged the $11.8 million sale of a single-tenant retail property located in the Inland Empire city of Lake Elsinore. Built in 2008, the 45,460-square-foot building is occupied by LA Fitness and has eight years remaining on its lease. Austin Blodgett and Jonathan Schiffer of RealSource Group represented the seller, a private Southern California investor group, in the transaction. Richard Lee of R&L Properties represented the buyer, another private investor based in Southern California.

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