Investment sales

Escondido-Gateway-Center
CaliforniaInvestment salesNews

Brixton Capital Purchases Escondido Gateway Shopping Center in Metro San Diego for $28 Million

by Abby Cox

Escondido, Calif. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, California-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at …

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cedar-plaza-cedartown
GeorgiaGrocery-anchoredInvestment salesNews

Delza Properties, CedarPlaza Partners Acquire Grocery-Anchored Retail Center in Northwest Georgia for $10.3 Million

by Abby Cox

Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space. Mark Joines and Drew Fleming of …

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mountain-view-shopping-center
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of Food Lion-Anchored Shopping Center in Western North Carolina for $3 Million

by Abby Cox

Hickory, N.C. — Legacy Realty Group has arranged the sale of Mountain View Shopping Center, a 43,550-square-foot shopping center located in Hickory, about 58 miles north of Charlotte. Food Lion anchors the center, which was fully leased at the time of sale. Other tenants include Hannah’s BBQ South. Built in 1988, the property spans 7 acres, according to LoopNet Inc. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented both the buyer and seller in the off-market transaction.

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1200 Poydras St.
Investment salesLouisianaNews

SRSA Negotiates $7.2 Million Sale of Ground-Floor Retail Condominium in New Orleans

by Abby Cox

New Orleans — Metairie, Louisiana-based SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with a third tenant, Juicy Seafood, expected to open soon. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction.

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Rigsby Avenue Shopping Center
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 64,200-Square-Foot Retail Center in San Antonio

by Abby Cox

San Antonio — Marcus & Millichap has brokered the sale of Rigsby Avenue Shopping Center, a 64,200-square-foot retail center located in San Antonio. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both private investors.  Constructed in 2002 on roughly 6.1 acres, Rigsby Avenue Shopping Center was fully leased at the time of sale to tenants including Alamo City Urgent Care, Brident Dental & Orthodontics, Baptist Health Systems, Avis Budget Car Rental and Cato.

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The Village at Bridgewater Commons
Investment salesNew JerseyNews

Urban Edge Properties Acquires The Village at Bridgewater Commons in Central New Jersey for $54.3 Million

by Abby Cox

Bridgewater Township, N.J. — Urban Edge Properties has acquired The Village at Bridgewater Commons, a 92,461-square-foot open-air center located in Somerset County, for $54.3 million. Built in 2006 on 12.5 acres, The Village at Bridgewater Commons is anchored by Summit Health, a medical facility that opened in a newly redeveloped building on the property in 2024. Additional tenants include Starbucks Coffee, Shake Shack, Cava, Chipotle Mexican Grill and Big Chicken. The Village at Bridgewater Commons was 98 percent leased at the time of sale and sits adjacent to Bridgewater Commons, …

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columbia-marketplace
Grocery-anchoredInvestment salesMississippiNews

Cleeman Realty Group Negotiates Sale of 136,000-Square-Foot, Grocery-Anchored Shopping Center in Southern Mississippi

by Abby Cox

Columbia, Miss. — Cleeman Realty Group has negotiated the sale of Columbia Marketplace, a 136,000-square-foot shopping center located in Marion County. Ramey’s Marketplace anchors the property, which was 72 percent occupied at the time of sale. Additional tenants include Advance America, Shoe Show, Fitness Depot, S+H Beauty, Boggie’s Restaurant and Liberty Tax. Jeremy Scheer of Cleeman Realty Group represented both the buyer and seller in the transaction.

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The Pointe at Polaris
Investment salesMixed-useNewsOhio

Newmark Arranges Sale, Financing of Office, Retail Components at The Pointe at Polaris in Columbus, Ohio

by Abby Cox

Columbus, Ohio — Newmark has arranged the sale of the office and retail components of The Pointe at Polaris, a mixed-use property located in Columbus. The Pointe at Polaris comprises 212,366 square feet of office space and 33,071 square feet of retail space, along with a 473-unit luxury multifamily component that was not included in the transaction. The property’s office portion is fully leased to a mix of tenants such as Bank of America, Fiserv, Power Home Remodeling and Employers Health, while the retail portion is also fully leased to …

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Chapel Hill Shops
Investment salesNew JerseyNews

Marcus & Millichap Arranges Sale of 8,000-Square-Foot Retail Property in New Jersey

by Abby Cox

Jackson Township, N.J. — Marcus & Millichap has arranged the sale of Chapel Hill Shops at Jackson, an 8,000-square-foot retail property located in Ocean County, roughly 50 miles east of Philadelphia. Chez Eider of Marcus & Millichap represented the seller, a national investor, and procured the buyer, a local private investor. Situated on roughly 1.5 acres at 305 Whitesville Road, the property is fully occupied by a mix of locally based, service-oriented tenants including Bruno’s Barber Shop and Emilio’s Pizza & Restaurant.

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28-Newbury-St.-Boston
Investment salesMassachusettsNews

Newmark Arranges $113.5 Million Sale of Two Boston Retail Properties

by Abby Cox

Boston — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and house flagship stores of luxury retailers Chanel and Cartier. The Chanel store spans 10,328 square feet across two stories, and the Cartier store totals 18,942 square feet. Robert Griffin, Geoffrey Millerd and Paul Penman of Newmark represented the seller, New York City-based ASG Equities, in the transaction. The team also procured the buyer, a joint venture between Acadia Realty Trust and …

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