Investment sales

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Grocery-anchoredInvestment salesNewsTexas

DIG Arranges Sale of 167,957-Square-Foot, Kroger-Anchored Shopping Center in Metro Dallas

by Abby Cox

Mesquite, Texas — Disney Investment Group (DIG) has arranged the sale of Towne Crossing, a 167,957-square-foot shopping center located in Mesquite, roughly 15 miles east of Dallas. Kroger anchors the property, which was 92 percent leased at the time of sale to 30 additional tenants including WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz, among others. Kroger has operated at Towne Crossing since its opening in the early 1990s, and recently executed an early, long-term lease extension. David Disney and Adam Crockett of DIG represented the seller, Phillips …

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The Market at City Park
Investment salesNewsTexas

Reid King Sells 8,024-Square-Foot, Multi-Tenant Retail Property in Houston

by Abby Cox

Houston — Reid King Commercial Real Estate has sold The Market at City Park, an 8,024-square-foot, multi-tenant retail property located in Houston. Built in 2024 on 1.5 acres, the four-suite center was fully leased to Chipotle Mexican Grill, Marble Slab Creamery/Great American Cookies, The UPS Store and TLN Family Dental at the time of sale. The Market at City Park is also shadow anchored by a new Joe V’s Smart Shop grocery store. Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller. The …

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12443-NW-Grand-Ave-El-Mirage-AZ
ArizonaInvestment salesNews

Cushman & Wakefield Brokers $2.4 Million Sale of Single-Tenant Restaurant Property in Metro Phoenix

by Abby Cox

El Mirage, Ariz. — Cushman & Wakefield has brokered the $2.4 million sale of a newly developed restaurant building located at 12443 NW Grand Ave. in El Mirage, roughly 10 miles northwest of downtown Phoenix. Black Rock Store Operations LLC occupies the 620-square-foot building. The coffee bar operates 181 locations across seven states and offers specialty coffee, energy drinks, breakfast sandwiches, bagels, egg bites and grab-and-go pastries. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the deal. Both parties were limited liability companies.

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CaliforniaInvestment salesNews

Marcus & Millichap Arranges $5.1 Million Sale of Single-Tenant Restaurant Property Near Los Angeles

by Abby Cox

Woodland Hills, Calif.  — Marcus & Millichap has arranged the $5.1 million sale of a single-tenant retail property located in Woodland Hills, approximately 26 miles northwest of downtown Los Angeles. Built in 1978, the 10,000-square-foot building is leased to full-service Mexican restaurant El Torito. Brandon Michaels of Marcus & Millichap marketed the property on behalf of the seller, an entity doing business as Kia Canoga Warner LLC, and procured the buyer, a private investor.

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Giant-Eagle
Investment salesNewsRetailers

The Kroger Co. to Acquire Giant Eagle for $1.6 Billion

by Abby Cox

Cincinnati and Pittsburgh — The Kroger Co. and Giant Eagle Inc. have entered into a definitive agreement in which Kroger will acquire Giant Eagle, a family-owned food and pharmacy retailer. The company operates 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Kroger’s board of directors. The purchase price will be $1.65 billion, comprised of $1.25 billion in cash and the assumption of approximately $400 million in outstanding liabilities. In connection with obtaining the requisite regulatory clearance necessary to …

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Grand-Village-Center-Surprise-AZ
ArizonaInvestment salesNews

Phoenix Commercial Advisors Arranges $10.7 Million Sale of Retail Center in Surprise, Arizona

by Abby Cox

Surprise, Ariz. — Phoenix Commercial Advisors has arranged the $10.7 million sale of Grand Village Center, a 52,685-square-foot retail property located in Surprise, roughly 30 miles northwest of Phoenix. The center traded for $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal. Built in 2005, Grand Village Center was 97 percent leased at the time of sale to a mix of tenants including Master Taco, Hungry Howie’s Pizza, Church for the Nations and Zona Communications. Elevate Trampoline Park anchors …

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Investment salesMassachusettsNews

Atlantic Capital Partners Brokers $10.2 Million Sale of 103,494-Square-Foot Shopping Center in Western Massachusetts

by Abby Cox

Springfield, Mass. — Atlantic Capital Partners has brokered the $10.2 million sale of Boston Commons, a 103,494-square-foot shopping center located in the western Massachusetts city of Springfield. Kohl’s anchors the property, which was 98 percent leased at the time of sale. Other tenants include CVS Pharmacy, Family Dollar and T-Mobile. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller in the transaction.

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13720-Bear-Valley-Rd-Victorville-CA
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $4.6 Million Sale of Two-Tenant Retail Property in Victorville, California

by Abby Cox

Victorville, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $4.6 million sale of a two-tenant retail property located in Victorville, approximately 35 miles north of San Bernardino. Located at 13720 Bear Valley Road, the 19,300-square-foot building was formerly occupied by Rite Aid and renovated in 2024. The property is currently leased to AutoZone and Dollar Tree on new 10-year triple-net leases and is situated within a Stater Bros.-anchored shopping center. Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller, a Los Angeles-based private investor, in …

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808-U.S.-378
Investment salesNewsSouth Carolina

Marcus & Millichap Brokers $3.7 Million Sale of Three-Tenant Retail Property in Lexington, South Carolina

by Abby Cox

Lexington, S.C. — Marcus & Millichap has brokered the $3.7 million sale of 808 U.S. 378, a three-tenant retail property located in the Columbia suburb of Lexington. The 7,000-square-foot center is fully occupied by a nail salon, Lexington Modern Dentistry and My Pharmacy & Optical, and is situated adjacent to Hendrix Crossing, a Publix-anchored shopping center. Seth Goldberg, Alan Cafiero and Brent Hyldahl of Marcus & Millichap procured the buyer, a New Jersey-based private investor, in the transaction. Ben Yelm was the firm’s broker of record in South Carolina.

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Miami-Gardens-Center
FloridaInvestment salesNews

Miami Gardens Center in Florida Sells for $11.1 Million

by Abby Cox

Miami Gardens, Fla. — Golden Horizon Terryville Corp. has acquired Miami Gardens Center, a 52,467-square-foot shopping center located in Miami Gardens, roughly 16 miles north of downtown Miami, for $11.1 million. Built in 2006 near Hard Rock Stadium, the two-building retail center was fully leased at the time of sale to tenants including Cano Health, CareerSource South Florida and Montessori School of Miami Gardens. The property also features a separately configured four-tenant outparcel that is occupied by Dunkin’/Baskin Robbins, Metro by T-Mobile, Di Angelo’s Pizza and a local smoke shop. Kirk …

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