Investment sales

The Shops at Dublin Commons
IllinoisInvestment salesNews

CBRE Brokers $20.5 Million Sale of Shops at Dublin Commons in Colorado Springs

by Abby Cox

Colorado Springs, Colo. — CBRE has brokered the $20.5 million sale of the Shops at Dublin Commons, a 34,104-square-foot retail strip center located in Colorado Springs. Parker Brown, Matthew Henrichs and Brad Lyons of CBRE represented John Winsor of Olive Real Estate Partners in the transaction. Located at 5925 and 5935 Dublin Blvd., the center was built in 2016 and 2018. Tenants include Salsa Brava, Over Easy: A Daytime Eatery, Mod Pizza, Nothing Bundt Cakes, Massage Heights and Beauty Bar, according to LoopNet Inc.

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Investment salesNewsTexas

CIM Group Sells 177,434-Square-Foot Shopping Center in Dallas

by Abby Cox

Dallas — CIM Group has sold Best Buy Plaza, a 177,434-square-foot shopping center located at 9358 N. Central Expressway in North Dallas. Situated roughly seven miles north of the Dallas Central Business District, Best Buy Plaza was constructed in 1995 on nearly 15 acres. The center was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Total Wine & More, Cavender’s, Hyper Kidz and Best Buy, which anchors the property. CIM Group originally acquired Best Buy Plaza in 2016. During its ownership of the property, CIM Group …

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HawaiiInvestment salesNews

BH Properties Acquires The Shops at Mauna Lani on Hawaii’s Kohala Coast

by Abby Cox

Kamuela, Hawaii — Los Angeles-based BH Properties has acquired The Shops at Mauna Lani, a 75,000-square-foot open-air center located along the Kohala Coast in Hawaii. Terms of the transaction were not disclosed. Anchored by a Tommy Bahama Restaurant & Bar, The Shops at Mauna Lani features a mix of additional tenants including Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations, a Foodland Farms grocery store, as well as local retailers, art galleries and wellness operators. The 6-acre center serves as the primary retail and dining destination for the surrounding …

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Grocery-anchoredInvestment salesMixed-useNewsWisconsin

Mid-America Brokers Sale of 51,361-Square-Foot Single-Tenant Retail Property in Madison, Wisconsin

by Abby Cox

Madison, Wis. — Mid-America Real Estate Corp. has brokered the sale of a newly developed, single-tenant retail property located in Madison. Whole Foods Market occupies the 51,361-square-foot building, which serves as the anchor tenant for Madison Yards, a 21-acre mixed-use development under construction. Dan Rosenfeld, Andrew Lund, Nick Kohlmann and George Ghattas represented the seller, Summit Smith Development, in the transaction. The property was acquired by a private buyer. In addition to Whole Foods Market, Madison Yards will feature more than 500 luxury apartments and 400,000 square feet of medical/office space, as well …

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GeorgiaInvestment salesNews

Prudent Growth Partners Sells River Pointe Commons in Metro Atlanta for $6 Million

by Abby Cox

Dallas, Ga. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold River Pointe Commons, a 22,665-square-foot neighborhood center in Dallas, roughly 30 miles northwest of downtown Atlanta, for $6 million. Built in 2006 and renovated in 2016, River Pointe Commons features a mix of tenants including Life Smiles Dental, New Hope Animal Hospital, H&R Block, Evan-Blake Salon and Johnny’s New York Style Pizza, according to LoopNet Inc. Prudent Growth Partners originally purchased the property in 2022 for $4.8 million.

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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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