Investment sales

Springfield Crossing
Grocery-anchoredInvestment salesMassachusettsNews

Atlantic Capital Partners Arranges $35.3 Million Sale of Two Anchor Boxes in Springfield, Massachusetts

by Abby Cox

Springfield, Mass. — Atlantic Capital Partners has arranged the $35.3 million sale of two newly constructed anchor boxes located within Springfield Crossing in the Western Massachusetts city of Springfield. The two buildings, which are leased to BJ’s Wholesale Club and Hobby Lobby, total 159,344 square feet. Springfield Crossing, a 228,756-square-foot open-air center, features a mix of additional tenants including PetSmart, La-Z-Boy, Chick-fil-A, Chipotle Mexican Grill, Chase Bank, Carter’s and Skechers. Transformed from the former Eastfield Mall, Springfield Crossing is currently 99 percent occupied. Justin Smith, Chris Peterson, Danielle Turpin, Matt Ericson …

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Cleveland Marketplace
FloridaGrocery-anchoredInvestment salesNews

Dowd Cos. Negotiates $7 Million Sale of Grocery-Anchored Center in Southwest Florida

by Abby Cox

Punta Gorda, Fla. — The Dowd Cos. has negotiated the $7 million sale of Cleveland Marketplace, a 66,479-square-foot community center located in the Southwest Florida city of Punta Gorda. Winn-Dixie, which has anchored the center since 1998, occupies 48,399 square feet alongside daily-needs and restaurant tenants including Hanna Pharmacy, Subway, Sky Liquor and Empire Bagel. John Dowd, Theresa Johnson and Peyton Dowd of The Dowd Cos. represented both the seller and the buyer, a private 1031 investor, in the transaction.

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5546 Broadway
DevelopmentInvestment salesNew YorkNews

OakNorth Provides $7.1 Million Loan for Acquisition, Redevelopment of Retail Property in the Bronx

by Abby Cox

New York City — OakNorth, a digital commercial bank and financial technology company, has provided a $7.1 million loan for the acquisition of 5546 Broadway, a 10,000-square-foot retail property located within the Marble Hill/Kingsbridge neighborhood of The Bronx. The property has roughly 200 feet of frontage on Broadway and at the main entrance to the 114,000-square-foot Broadway Plaza Mall. The buyers, Crown Acquisitions and KSR Capital, will use the loan to redevelop the property, support tenant improvements and fund leasing costs.

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DevelopmentInvestment salesNewsTexas

CenterPoint Acquires 12 Acres in Metro Dallas, Plans Retail Development

by Abby Cox

Waxahachie, Texas — CenterPoint Commercial Properties has acquired 12 acres in Waxahachie, roughly 30 miles south of Dallas, with plans to develop the Village at Soma Creek. The project forms a portion of a 22-acre retail component that is part of a larger 76.7-acre master-planned development in Ellis County. CenterPoint plans to develop the property with a mix of national and regional retailers, restaurants and service-oriented uses, incorporating a combination of pad sites, ground leases and build-to-suit opportunities. The company is already negotiating terms with several national tenants for locations within …

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Lahaina-Cannery
HawaiiInvestment salesNews

U.S. Realty Partners Sells Two-Property Retail Portfolio in Lahaina, Hawaii, for $155M

by Abby Cox

Lahaina, Hawaii — An affiliate of U.S. Realty Partners has sold a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.

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Redners-Douglassville
Grocery-anchoredInvestment salesNewsPennsylvania

Marcus & Millichap Brokers $7.1 Million Sale of Grocery Store in Eastern Pennsylvania

by Abby Cox

Douglassville, Pa. — Marcus & Millichap has brokered the $7.1 million sale of a grocery store located within Douglassville Shopping Center in the Eastern Pennsylvania city of Douglassville, roughly 40 miles northwest of Philadelphia. Redner’s Fresh Market occupies the 48,000-square-foot building, which was built in 1976 and renovated in 2025. Redner’s Markets is a privately held, employee-owned grocery company with 64 locations across the Mid-Atlantic. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap listed the property on behalf of the seller, a regional limited partnership, and procured …

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Rivoli-Crossing
GeorgiaInvestment salesNews

Atlantic Capital Partners Arranges $10.6 Million Sale of Rivoli Crossing in Macon, Georgia

by Abby Cox

Macon, Ga. — Atlantic Capital Partners has arranged the $10.6 million sale of Rivoli Crossing, a 95,977-square-foot shopping center located in Macon. Rivoli Crossing was 53 percent leased at the time of sale to 12 service-oriented tenants such as Orangetheory, Leslie’s Pool Supplies and Dollar Tree, and is anchored by The Fresh Market. The center also features a 35,716-square-foot big-box vacancy, in addition to 7,978 square feet of available inline shop space. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Austin of Atlantic Capital Partners represented the seller, Coro Realty, in …

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the-marketplace-at-huntington-valley
Grocery-anchoredInvestment salesNewsPennsylvania

Wilder, J.P. Morgan Acquire The Marketplace at Huntingdon Valley in Metro Philadelphia

by Abby Cox

Huntingdon Valley, Pa. — Wilder and J.P. Morgan Asset Management have acquired The Marketplace at Huntingdon Valley, a 257,000-square-foot community center located in Huntingdon Valley, roughly 20 miles north of Philadelphia. Weis Markets anchors the property, which was 95 percent occupied at the time of sale. Additional tenants include LA Fitness, Penn Cinema, Starbucks Coffee, Chipotle Mexican Grill, Dunkin’, Hand & Stone Massage & Facial Spa and Pennsylvania Fine Wine & Good Spirits. Wilder will oversee leasing, management, marketing and asset strategy for the property, with an immediate focus on placemaking, …

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Alafaya Square
FloridaGrocery-anchoredInvestment salesNews

Phillips Edison & Co. Purchases Grocery-Anchored Center in Oviedo, Florida, for $69.1 Million

by Abby Cox

Oviedo, Fla. — Phillips Edison & Co. has acquired Alafaya Square, a 168,532-square-foot center located in the northeast Orlando suburb of Oviedo, for $69.1 million. Danny Finkle, Jorge Portela and Evan Lahr of JLL Capital Markets represented the seller, a joint venture between MCB Real Estate and an institutional investor, in the transaction. Alafaya Square, which was 96 percent occupied at the time of sale, is anchored by a newly built Publix. Other tenants at the center include Planet Fitness, IHOP, Keller Williams, Froggers Grill & Bar and Arcade Monsters.

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Southside at McEwen
Grocery-anchoredInvestment salesNewsTennessee

Nuveen Sells 92,470-Square-Foot Center in Metro Nashville, Tennessee

by Abby Cox

Franklin, Tenn. — New York City-based Nuveen Real Estate has sold Southside at McEwen, a 92,470-square-foot retail center located in Franklin, roughly 20 miles south of downtown Nashville. Jim Hamilton, Brad Buchanan and John Perry Hilton of JLL represented Nuveen in the transaction. Dallas-based Lincoln Property Co. served as the investment advisor for the buyer, a high net-worth family office. The sales price was not disclosed. Whole Foods Market anchors Southside at McEwen, which was built in 2012 on approximately 10.5 acres. The fully leased center features a mix of …

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