Investment sales

Promenades-Port-Charlotte

Port Charlotte, Fla. — JLL has brokered the $23.5 million sale of Promenades Port Charlotte, a 226,000-square-foot grocery-anchored shopping center located at 3280 Tamiami Trail in Port Charlotte. The 1970s-era property was completely renovated in 2024, and its Winn-Dixie anchor was recently rebranded to Aldi. Promenades Port Charlotte was 79.5 percent leased at the time of sale to tenants including Bealls Outlet, HCA Florida Fawcett Hospital and YouFit Gym. Danny Finkle, Jorge Portela, Kim Flores and Jacob Wise of JLL represented the undisclosed seller in the transaction. Kenny Cutler and …

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Lake-Crest-Plaza

Hoover, Ala. — FrostPoint Capital has acquired Lake Crest Plaza, a 22,069-square-foot retail center located in Hoover, roughly 10 miles south of Birmingham, for $5.6 million. The property, which was fully leased at the time of sale, features a mix of 13 tenants including Whiskey Foxtrot Burger Dive, Oak & Ale and Cajun Cleaver. Crawford Square Real Estate Advisors will manage and lease the center, along with FrostPoint Capital.

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Chipotle-First-Watch

Algonquin, Ill. — Marcus & Millichap has negotiated the $5.6 million sale of a newly built retail property occupied by Chipotle Mexican Grill and First Watch in Algonquin. The 6,150-square-foot building is located at 1721 S. Randall Road within The Enclave mixed-use development. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, an undisclosed developer, in the transaction. Darpan Patel and Dan Yozwiak of Marcus & Millichap procured the out-of-state buyer.

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Paris-Towne-Center

Paris, Texas — Culpepper Realty Co. has sold Paris Towne Center, a 291,958-square-foot, grocery-anchored shopping center located in the Northeast Texas city of Paris. Adam Howells and Erin Myer of JLL Capital Markets represented the seller in the transaction. The buyer was Corsair Property Co. Built in 1976, Paris Towne Center was 96 percent occupied at the time of sale. Tenants include Aldi, Hobby Lobby, Ross Dress for Less, T.J. Maxx, Five Below, Ulta Beauty and Bath & Body Works.

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Circle-K-Representative-Photo

Seminole, Fla. — SRS Real Estate Partners has negotiated the $4.3 million sale of a single-tenant retail property located in Seminole, approximately 23 miles west of Tampa. Circle K occupies the 5,200-square-foot building on a new 15-year, corporate-guaranteed, absolute triple-net lease. William Wamble and Patrick Nutt of SRS represented the seller, an Ohio-based national investor and developer. The buyer was a South Florida-based private investor.

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Grand-Plaza-East

Waukegan, Ill. — Marcus & Millichap has brokered the $2.8 million sale of Grand Plaza East, a 36,018-square-foot retail center located in Waukegan, roughly 37 miles south of downtown Chicago. Built in 1972 on nearly three acres, the five-suite retail property is anchored by Domino’s Pizza. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an Illinois-based corporation, and procured the buyer, a private investor.

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Parker-Square

Wichita Falls, Texas — Marcus & Millichap has brokered the sale of Parker Square, a 94,532-square-foot shopping center located in Wichita Falls. Built in 1955, the multi-tenant property features 23 retail suites and was 97 percent leased at the time of sale. Crunch Fitness occupies nearly half of the center’s rentable area. Other tenants include Jason’s Deli, Massage Envy, Heff’s Burgers and Deatherage Certified Optics, according to LoopNet Inc. Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller, one of the largest privately …

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7200-Circle-Ave-Forest-Park

Forest Park, Ill. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, an 18,486-square-foot, multi-tenant retail center located in Forest Park, roughly 10 miles west of Chicago. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza is fully occupied and is home to Dunkin’ Donuts, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history.

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Whole-Foods-Nashua

Nashua, N.H. — Atlantic Capital Partners has sold a single-tenant retail property located in Nashua, approximately 45 miles north of Boston, for $22.5 million. Whole Foods Market occupies the 44,538-square-foot building, which is situated within Webster Square, a 182,348-square-foot shopping center. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller in the transaction.

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Leesburg-Marketplace

Leesburg, Fla. — Marcus & Millichap has arranged the $11.5 million sale of Leesburg Marketplace, an 81,071-square-foot retail center located in Leesburg, about 45 miles northwest of Orlando. Salim Valiani of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer in the transaction. Located at 1101-1107 West North Blvd., Leesburg Marketplace sits on roughly 9.4 acres and was built in 1987. The property was 95 percent leased at the time of sale to Dollar Tree, Ollie’s Bargain Outlet and the U.S. Army Corps. of Engineers, …

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