Investment sales

watauga-village
Grocery-anchoredInvestment salesNewsNorth Carolina

Orion Buys Food Lion-Anchored Center in Northwestern North Carolina for $26 Million

by Abby Cox

Boone, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood center located in the northwestern North Carolina city of Boone. Food Lion anchors the property, which was fully leased at the time of sale. Additional tenants include Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café and Wingstop.   Orion currently owns or manages an additional 23 properties totaling 101,583 square feet throughout North Carolina, which are all single-tenant, triple-net properties. Watauga Village is the firm’s first shopping center acquisition in the state. Adam Russ, Erin Varol …

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Pacific View Mall
CaliforniaInvestment salesNews

PRCP, Conversant Purchase 884,000-Square-Foot Pacific View Mall in Southern California

by Abby Cox

Ventura, Calif. — A joint venture between Pacific Retail Capital Partners (PRCP) and Conversant Capital LLC has acquired Pacific View Mall, an 884,000-square-foot super-regional shopping center located in Ventura, about 30 miles northwest of Santa Barbara. Originally opened in 1964 and renovated in 2017, Pacific View Mall features a mix of more than 130 national retailers such as Target, Macy’s, JCPenney, Sephora, Ross Dress for Less, Victoria’s Secret, Trader Joe’s and 24 Hour Fitness. The two-story property also comprises an 11-option food-court and dining destination including Wood Ranch, Red Robin and …

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Pleasanton Gateway Shopping Center
CaliforniaGrocery-anchoredHawaiiInvestment salesNews

Sterling Organization Acquires Grocery-Anchored Retail Portfolio Totaling 277,057 Square Feet in California, Hawaii

by Abby Cox

Burlingame and Pleasanton, Calif. and Honolulu — West Palm Beach, Florida-based Sterling Organization has acquired three shopping centers totaling 277,057 square feet in California and Hawaii. The portfolio included Safeway Burlingame in Burlingame; Pleasanton Gateway Shopping Center in Pleasanton; and Kapahulu Shopping Center in Honolulu. Collectively, the properties were 99 percent leased at the time of sale and are each anchored by a Safeway grocery store. Safeway Burlingame totals 70,174 square feet. Alongside Safeway, additional tenants at the fully leased property include Union Bank, AT&T, StretchLab, Five Guys, Drybar and Great …

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Investment salesNew YorkNews

Brixmor, Everview Agree to Acquire Slate Grocery REIT for $2.3 Billion, Including 115 Retail Properties

by Abby Cox

New York City — Two New York City-based firms, retail owner-operator Brixmor Property Group and Everview Partners, a private equity and investment management group, have entered into an agreement to acquire Toronto-based Slate Grocery REIT for approximately $2.3 billion. Under the terms of the transaction, Brixmor will acquire a portfolio of 23 grocery-anchored shopping centers totaling roughly 3 million square feet for $636 million. The newly formed joint venture between Brixmor and affiliates of Everview Partners will acquire Slate Grocery’s remaining 92 properties totaling approximately 12 million square feet for …

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Family-Dollar
IllinoisInvestment salesNews

JLL, GA Group Arrange $74.7 Million Sale-Leaseback of Family Dollar Retail Portfolio

by Abby Cox

Chicago — JLL Capital Markets and GA Group Real Estate have arranged the $74.7 million sale-leaseback of a 47-property Family Dollar retail portfolio across 19 states. This marks JLL’s second major Family Dollar portfolio closing in 2026, following a 46-property transaction earlier this year. Chicago-based JLL’s net lease team and GA Group Real Estate represented the seller, FD Retail Properties LLC, in the transaction. An institutional real estate investor was the buyer.

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Sprouts-Victorville
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Negotiates $9.3 Million Sale of Sprouts-Anchored Retail Property in Victorville, California

by Abby Cox

Victorville, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $9.3 million sale of a 44,388-square-foot retail property located in Victorville, approximately 35 miles north of San Bernardino. Sprouts Farmers Market anchors the property, which also includes a 21,000-square-foot junior box space available for lease. Built in 1989 and renovated in 2024, the property is situated within Village Center, a 350,000-square-foot community center. Village Center features a mix of tenants such as BioLife Plasma Services, Dollar Tree, Hobby Lobby, PetSmart, La-Z-Boy, Mattress Firm, Crunch Fitness and Get Air Trampoline …

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deer-park-town-center
IllinoisInvestment salesNews

AEW, Brand Street Properties Acquire Deer Park Town Center in Metro Chicago for $125 Million

by Abby Cox

Deer Park, Ill. — A joint venture between AEW Capital Management and Brand Street Properties has acquired Deer Park Town Center, a 410,000-square-foot open-air center located in Deer Park, approximately 35 miles northwest of downtown Chicago. The purchase price of $125 million marks the highest price paid for a Chicago-area retail property in a decade, according to Crain’s Chicago Business. Deer Park Town Center is home to more than 60 tenants, including Apple, Crate & Barrel, Williams Sonoma, Gap, lululemon, Anthropologie and Sephora. Restaurants include Biaggi’s Ristorante Italiano, Sweetgreen, Stoney …

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Stateline
Investment salesNewsTennessee

JLL Arranges $54.3 Million Sale of Retail Portfolio in Nashville

by Abby Cox

Nashville, Tenn. — JLL Capital Markets has arranged the $54.3 million sale of a two-property retail portfolio located in Nashville. The properties, which span 134,113 square feet, include Breeze Block at 6100-6110 Robertson Ave. and Stateline at 5300 Centennial Blvd. Breeze Block totals 39,452 square feet and serves as a neighborhood-oriented destination featuring retail, restaurant, wellness and office space. Stateline comprises 94,661 square feet of mixed-use space and includes a blend of office, retail, health and wellness and service-oriented tenants. Both properties were developed within the past several years and offer …

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at-home
Investment salesNewsTexas

PlaceMKR Acquires Five-Property Retail Portfolio Spanning Three States for $31.8 Million

by Abby Cox

Austin, Texas — Austin-based PlaceMKR has acquired a five-property, single-tenant retail portfolio spanning Texas, Ohio and Mississippi for $31.8 million. Big-box home furnishings retail chain At Home occupies the properties under long-term triple-net leases. Three of the properties are in Texas: 1600 West Kelly Ave. in Pharr, 642 South Walnut Ave. in New Braunfels and 2650 West Interstate 20 in Grand Prairie. The remaining properties are located at 15065 Creosote Road in Gulfport, Mississippi, and 2244 S. Reynolds Road in Toledo, Ohio.

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Dickson City Commons
Investment salesNewsPennsylvania

CBRE Negotiates Sale of 110,254-Square-Foot Shopping Center Near Scranton, Pennsylvania

by Abby Cox

Dickson City, Pa. — CBRE has negotiated the sale of Dickson City Commons, a 110,254-square-foot shopping center located in Dickson City, roughly four miles north of Scranton. Marshalls and Michaels anchor the property, which features a mix of additional tenants such as Skechers, Famous Footwear, Pet Supplies Plus and Fine Wine & Good Spirits. The property has undergone recent renovations totaling nearly $1 million, including a parking lot resurfacing project, façade upgrades, roof repairs, LED lighting enhancements and landscaping improvements. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE …

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