Clearwater, Fla. — Benderson Development has acquired Clearwater Shoppes, a 216,692-square-foot shopping center located in Clearwater. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack. Seritage Growth Properties sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction.
Carrollton, Ga. and Union, S.C. — SRS Real Estate Partners has negotiated the sale of two single-tenant retail properties in Georgia and South Carolina totaling $7.6 million. The properties include a property in Carrollton leased to Parachute Plasma and a drive-thru restaurant in Union occupied by Arby’s. Britt Raymond and Kyle Fant of SRS represented the 1031 exchange buyer, a New York City-based private investor, in the transaction. The sellers were not disclosed. The first property, Parachute Plasma, sold for $5.5 million and totals 7,613 square feet of retail and …
Rohnert Park, Calif. — SRS Real Estate Partners has negotiated the $17.7 million sale of Mountain Shadows Plaza, a 77,651-square-foot retail center located in the Sonoma County community of Rohnert Park. Situated on roughly 7.5 acres, the five-building property was 97 percent occupied at the time of sale. Tenants include Walmart Neighborhood Market, Starbucks Coffee, Straw Hat Pizza, The UPS Store, Subway and Anytime Fitness. John Redfield and Joe Chichester of SRS represented the seller, a special purpose vehicle controlled by Oak Cap Ventures LLC (OCV).
Jackson, Miss. — Legacy Realty Group Advisors has arranged the sale of Westland Plaza, a 214,281-square-foot shopping center located in Jackson, for $11.8 million. Grocery Depot anchors the property, which is also home to a mix of additional tenants including Planet Fitness, Family Dollar, Hibbett Sports, Rent-A-Center, Rainbow Shops and City Gear. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the transaction. Beezie Landry and Justin Langlois of Stirling Investment Advisors represented the seller.
Phoenixville, Pa. — Marcus & Millichap has brokered the $7.4 million sale of Phoenixville Shopping Center, a 33,093-square-foot retail property located in Phoenixville, roughly 28 miles northwest of Philadelphia. Built in 2007 on nearly 4 acres, the center is fully leased and shadow anchored by ACME Markets. Additional tenants include Fresenius Kidney Care, Labcorp, NovaCare Rehabilitation, State Farm, Benchmark Federal Credit Union and Habitat for Humanity ReStore, as well as a mix of local service and retail operators. Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the seller, …
Elmsford and New York City, N.Y. — DLC, in partnership with a fund managed by DRA Advisors, has acquired a multi-state shopping center portfolio in an off-market transaction for $429 million. Totaling 2.1 million square feet, the portfolio comprises eight shopping centers across five states. The seller was not disclosed. The properties include Central Texas Marketplace in Waco, Texas; Portofino Shopping Center in the Houston suburb of Shenandoah; Watauga Pavilion in the Dallas suburb of Watauga; Shops at Park Place in Plano, Texas; Pavilion at King’s Grant in the northeast Charlotte …
Woodland Hills, Calif. — Space Investment Partners has acquired Topanga Gateway, a 123,402-square-foot grocery-anchored retail center located in Woodland Hills for $64 million. Built in 1963 and renovated in 2024, the open-air center was 97 percent leased at the time of sale. Topanga Gateway is home to several tenants including Ralphs, The Container Store, Petco, Chipotle Mexican Grill, Baskin-Robbins, Noah’s NY Bagels and FedEx. Eastdil Secured represented the buyer and the seller, a private investor, in the transaction. The purchase of Topanga Gateway follows Space Investment’s $118.5 million acquisition of Fullerton …
Rochester, N.H. — Torrington has purchased The Ridge, a 300,000-square-foot, open-air retail center in Rochester for $51.3 million. The acquisition was financed through Rockland Trust, and Goedecke & Co. Waterstone Properties was the seller. The Ridge features approximately 30 tenants including Walmart, Market Basket, Marshalls, Hobby Lobby, Old Navy, NH Liquor & Wine Outlet, 110 Grill, Ulta Beauty and Gentle Dental, among others.
La Plata, Md. — Marcus & Millichap has arranged the $13.5 million sale of a retail portfolio located in La Plata, approximately 30 miles southeast of Washington, D.C. The sale comprised three newly constructed retail buildings situated within the Rosewick Corner mixed-use development, including a freestanding Aldi grocery store, a 7-Eleven convenience store and fueling station, as well as a 7,000-square-foot retail strip center. Dean Zang and David Crotts of Marcus & Millichap’s Washington, D.C. office marketed the properties on behalf of the seller, Generation Properties LLC, and another local …
Mt. Olive, N.J. — JLL Capital Markets has arranged the $27.9 million sale of a net-leased retail portfolio totaling 167,532 square feet in in the northwestern township of Mt. Olive. The deal comprises nine properties that make up the fully leased power center known as The Gardens, which includes a standalone 135,039-square-foot Lowe’s Home Improvement store and seven pad sites spanning a combined 32,493 square feet. Tenants at the property include Applebee’s Grill & Bar, LongHorn Steakhouse, Panera Bread, Wells Fargo, McDonald’s, Wendy’s, Panda Express and Chipotle Mexican Grill. Kevin …
