Investment sales

Mesa-Grand-Shopping-Center
ArizonaInvestment salesNewsPower centers

Gantry Secures $38 Million in Refinancing for 224,000-Square-Foot Power Center in Metro Phoenix

by Abby Cox

Mesa, Ariz. — Gantry has secured a $38 million permanent loan to refinance maturing debt for Mesa Grand, a 224,000-square-foot regional power center located in Mesa, roughly 19 miles east of Phoenix. Tenants at the center include Famous Footwear, Burlington Coat Factory, Michaels, Dollar Tree, Texas Roadhouse, Starbucks Coffee, Chili’s and Crunch Fitness, which will open soon. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. An institutional balance sheet lender provided the five-year, fixed rate loan, which features full-term interest-only payments with …

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Pavilion-on-Lovers-Lane
FinanceInvestment salesNewsTexas

Corrigan Investments Sells 113,823-Square-Foot Grocery-Anchored Center in Dallas

by Abby Cox

Dallas — Corrigan Investments has sold Pavilion on Lovers Lane, a 113,823-square-foot neighborhood center located in Dallas. Barry Brown, Erin Myer, Wally Reid, Kristi Leonard and Luke Rogers of JLL Capital Markets arranged the sale and acquisition financing in the transaction. The buyer was a Dallas-based real estate investment firm. This acquisition marks the first time the property has ever been offered on the market. Pavilion on Lovers Lane spans two buildings and was 99.7 percent leased at the time of sale to tenants including Eatzi’s, Odelay, Stay Fit Studios and La …

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Sprouts-Venice-Fla
FloridaGrocery-anchoredInvestment salesNews

SRS Real Estate Arranges $14.8 Million Sale of Single-Tenant Retail Property Near Sarasota, Florida

by Abby Cox

Venice, Fla. — SRS Real Estate Partners has arranged the $14.8 million sale of a single-tenant retail property located in Venice, approximately 18 miles south of Sarasota. Sprouts Farmers Market occupies the 23,250-square-foot building, which was built in 2025, on a corporate-guaranteed lease with 19 years remaining. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate developer, in the transaction. The buyer was a Detroit-based private investor.

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fifth-third-bank
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $4.7 Million Sale of Net-Leased Retail Property in Metro Atlanta

by Abby Cox

Tucker, Ga. — Marcus & Millichap has brokered the $4.7 million sale of a 2,200-square-foot, net-leased retail property located in Tucker, roughly 20 miles northeast of Atlanta. The property, which is currently under construction, is located at 3925 Lavista Road and will be occupied by Fifth Third Bank upon completion. Fifth Third Bank has more than 1,100 locations in 11 states. Alan Cafiero of Marcus & Millichap procured the 1031 exchange buyer. John Leonard was the firm’s broker of record in Georgia.

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Westgate-Square_Orlando
FloridaInvestment salesNews

Marcus & Millichap Brokers $19.5 Million Sale of Westgate Square Shopping Center in Orlando

by Abby Cox

Orlando, Fla. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high net worth individual from South Florida, in the transaction. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.

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FloridaGeorgiaGrocery-anchoredInvestment salesNews

KRG Acquires Two Shopping Centers for $136 Million, Sells Six-Property Retail Portfolio for $255 Million

by Abby Cox

Sandy Springs, Ga. and Naples, Fla. — Indianapolis-based Kite Realty Group (KRG) has acquired two shopping centers in Florida and Georgia for $136 million. The first property is Chastain Market, a 121,000-square-foot, Trader Joe’s-anchored neighborhood center in Sandy Springs, that sold for $71 million. The second property is The Pointe at Founders Square, an 86,592-square-foot retail center located within the Founders Square mixed-use development in Naples. The unanchored center sold for $65 million. In addition to the acquisitions, KRG has also sold a six-property retail portfolio across four states for $255 …

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Prudent-Growth-Partners-Scenic-Square
Investment salesNewsTexas

Prudent Growth Acquires 28,850-Square-Foot Retail Center in Metro Dallas for $7.4 Million

by Abby Cox

Rowlett, Texas — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail property located in Rowlett, approximately 20 miles northeast of Dallas, for $7.4 million. The center was fully leased at the time of sale to tenants including Baylor Scott & White Outpatient Rehabilitation, HealthPro Pharmacy & Wellness Center, Eagle Food Beer & Wine, Wanda’s Studio and The Track Grill and Bar.

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Shops-at-Highland-Walk-Highlands-Ranch
ColoradoGrocery-anchoredInvestment salesNews

Shea Properties Completes $37.1 Million Sale of Shops at Highland Walk Near Denver

by Abby Cox

Highlands Ranch, Colo. — Shea Properties has completed the $37.1 million sale of the Shops at Highland Walk, a 94,795-square-foot retail center in Highlands Ranch, located 13 miles south of Denver. Regency Centers acquired the property. Located at 4000 Red Cedar Drive, Shops at Highland Walk consists of two multi-tenant inline buildings flanking grocery anchor tenant King Soopers and four additional outparcel buildings on the perimeter. At the time of sale, the property was 98 percent leased to 17 tenants. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the …

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CaliforniaInvestment salesNews

Marcus & Millichap Brokers $7.3 Million Sale of Retail Building in San Diego County

by Abby Cox

Escondido, Calif. — Marcus & Millichap has brokered the $7.3 million sale of a retail building located at 1580 W. Valley Parkway in Escondido. Dollar Tree and Big Blue Swim School fully occupy the 20,085-square-foot property on triple-net leases with rental increases during the initial lease terms and option periods. Alvin Mansour of Marcus & Millichap represented the undisclosed seller and procured the buyer in the deal. Chad O’Connor of Marcus & Millichap Capital Corp. arranged $4.7 million in acquisition financing for the undisclosed buyer.

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Pizza-Hut
Investment salesKentuckyNewsRestaurants

Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7 Billion

by Abby Cox

Louisville, Ky. — Yum! Brands Inc., the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc., which is based in Shanghai and was spun off from …

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