Investment sales

Hammock-Landing
FloridaInvestment salesNewsPower centers

Atlantic Capital Partners Sells Power Center on Florida’s Space Coast for $78.5 Million

by Abby Cox

West Melbourne, Fla. — Atlantic Capital Partners has sold Hammock Landing, a 750,000-square-foot, super-regional power center located in West Melbourne, a city on Florida’s Space Coast, for $78.5 million. Tenants at Hammock Landing include Marshalls, HomeGoods, Ross Dress for Less, Academy Sports, Petco, Buffalo Wild Wings, AT&T, Ulta Beauty and SunTrust Bank. Target and Kohls shadow anchor the property. The first phase of the center was developed in 2009, and the second phase was delivered in 2014. Justin Smith, Sam Koonce, Dean Sands, Chris Peterson, Fred Victor and Matt Ericson of …

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Madison-Yards
GeorgiaGrocery-anchoredInvestment salesNews

Newmark Negotiates Sale of 162,500-Square-Foot Grocery-Anchored Neighborhood Center in Atlanta

by Abby Cox

Atlanta — Newmark has negotiated the sale of Madison Yards, a 162,500-square-foot neighborhood center located in Atlanta’s Reynoldstown neighborhood. Delivered in 2018, Madison Yards is anchored by Publix and was 97 percent leased at the time of sale. Other tenants include a mix of national and local tenants across food and beverage, fitness and entertainment, as well as one of the highest-performing AMC Theatre locations in Georgia, according to Newmark. Conor Lalor, Kyle Minter, James Sharpe and Cameron Alexander of Newmark represented the seller in the transaction.

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morris-county-shopping-center
Investment salesNew JerseyNews

RIPCO Real Estate Arranges $13.8 Million Sale of 70,000-Square-Foot Shopping Center in Northern New Jersey

by Abby Cox

Morris County, N.J. — RIPCO Real Estate has arranged the $13.8 million sale of a 70,000-square-foot shopping center located along Route 10 in Morris County, approximately 30 miles northwest of New York City. Seth Pollack and Nina Becker of RIPCO Real Estate represented the seller in the transaction and procured the buyer. AMC Theater anchors the retail property, which features a mix of other tenants including Chuck E. Cheese and GolfTec.

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The-Village
CaliforniaInvestment salesNews

Faris Lee Brokers $10 Million Sale of Retail Property in Orange, California

by Abby Cox

Orange, Calif. — Faris Lee Investments has brokered the $10 million sale of The Village, a 47,804-square-foot value-add retail property located in Orange, about 30 miles southeast of downtown Los Angeles. The asset traded for $209 per square foot. Tenants at the center include The Vintage Rose, Legacy Church, Lil Steps Fun Zone and Synergy Salon. Nike Miller of Faris Lee Investments represented the seller and buyer in the transaction. The property was held by the same ownership family since 1964.

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The-Lakefront-Scottsdale-AZ
ArizonaInvestment salesMixed-useNews

Diversified Partners Acquires Site for 100,000-Square-Foot Mixed-Use Project in Scottsdale, Arizona

by Abby Cox

Scottsdale, Ariz. — Diversified Partners has acquired a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a 100,000-square-foot mixed-use redevelopment. The property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury …

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Parkway-Plaza_california
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $31.5 Million Sale of Grocery-Anchored Retail Center in Metro San Diego

by Abby Cox

El Cajon, Calif. — JLL Capital Markets has arranged the $31.5 million sale of The Shops at Parkway Plaza, a 122,484-square-foot retail center located in El Cajon, approximately 15 miles east of downtown San Diego. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. The buyer was a family office based in Texas. Situated adjacent to Parkway Plaza Mall, a 1.4 million-square-foot super-regional mall, The Shops at Parkway Plaza features a mix of tenants including Aldi, Best Buy, HomeGoods, Texas Roadhouse and Applebee’s.

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DevelopmentGrocery-anchoredInvestment salesMarylandMixed-useNews

SJC Ventures Acquires Former Macy’s Property in Metro Baltimore, Plans Mixed-Use Redevelopment

by Abby Cox

Bel Air, Md. — SJC Ventures has acquired the former Macy’s store at the Harford Mall site in Bel Air, roughly 30 miles northeast of Baltimore, with plans for a redevelopment. The Atlanta-based development firm will begin clearing land and preparing infrastructure at the site in early July. Dubbed Derby Place, the mixed-use project will span 94,600 square feet and will include a 35,000-square-foot grocer, complemented by 48,000 square feet of luxury boutiques, restaurants, shops and amenities. Construction is scheduled to start this summer, while first tenant openings are projected for spring …

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Avalon-Crossing
IndianaInvestment salesNews

Colliers Negotiates Sale of 82,847-Square-Foot Avalon Crossing Shopping Center in Indianapolis

by Abby Cox

Indianapolis — Colliers has negotiated the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.

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2975-W-Dove-Valley-Rd-Phoenix-AZ
ArizonaInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Single Tenant Retail Property in Phoenix

by Abby Cox

Phoenix — Marcus & Millichap has arranged the $4.4 million purchase of a single tenant retail property located at 2975 W. Dove Valley Road in Phoenix. Chipotle occupies the 2,458-square-foot restaurant building, which was built in 2025. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the buyer, an Arizona-based limited liability company, in the off-market transaction.

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Barcroft-Plaza
FinanceGrocery-anchoredInvestment salesNewsVirginia

JLL Arranges $58 Million Sale, Acquisition Financing for Harris Teeter-Anchored Shopping Center Near Washington, D.C.

by Abby Cox

Falls Church, Va. — JLL Capital Markets has arranged the $58 million sale of Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller, Federal Realty Investment Trust, in the transaction. Chris Knight and Evan Parker, also of JLL, secured the five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include …

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