Investment sales

Phoenix Commercial Advisors Brokers $30.7 Million Sale of Sprouts Farmers Market-Anchored Retail Center

by Abby Cox November 18, 2025

Phoenix — Phoenix Commercial Advisors has arranged the sale of Ninety Nine Ave, a 47,201-square-foot, grocery-anchored retail center in Phoenix. A private buyer acquired the property from the developer for $30.7 million in an all-cash transaction. Ninety Nine Ave was fully leased at the time of sale to a mix of tenants including Sprouts Farmers Market, CAVA, Hand & Stone and Mountain Mike’s Pizza. The property was newly constructed in 2024 on 5.3 acres, according to LoopNet. Danny Gardiner and Chad Tiedeman of Phoenix Commercial Advisors represented the seller in the …

November 18, 2025

Investment sales Michigan News

Mid-America Arranges Sale of 225,307-Square-Foot Shopping Center in Metro Grand Rapids

by Abby Cox November 18, 2025

Walker, Mich. — Mid-America Real Estate Corp. has arranged the sale of Green Ridge Square, a 225,307-square-foot shopping center in Walker, a northwest suburb of Grand Rapids. Shadow anchored by Target, the property is home to Best Buy, Burlington, Michaels, Urban Air, Five Below, Panera and Shoe Dept. Ben Wineman and Daniel Stern of Mid-America represented the seller, Birmingham, Michigan-based Bacall Cos. Seattle-based Bridge33 Capital was the buyer.

November 18, 2025

Investment sales New Jersey News

Marcus & Millichap Brokers $7.8 Million Sale of Retail Property in Union City, New Jersey

by Abby Cox November 18, 2025

Union City, N.J. — Marcus & Millichap has brokered the $7.8 million sale of a 22,000-square-foot retail strip center located at 4700 Bergenline Ave. in Union City. The property is occupied by three tenants, including CVS Pharmacy, a laundromat and a physical therapy office. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller in the transaction. Dean Matuszewicz, also of Marcus & Millichap, procured the buyer.

November 18, 2025

Grocery-anchored Investment sales New Jersey News

Sterling Acquires 94,430-Square-Foot Grocery-Anchored Retail Center in Northern New Jersey

by Abby Cox November 17, 2025

Perth Amboy, N.J. — Sterling Organization has acquired Convery Plaza, a 94,430-square-foot neighborhood shopping center located in the Northern New Jersey city of Perth Amboy, approximately 20 miles south of Newark. A ShopRite grocery store anchors the center, which features a mix of additional tenants such as H&R Block, Dunkin’, Taco Bell and Santander Bank.

November 17, 2025

Investment sales News South Carolina

Eastern Union Arranges $2.9 Million in Financing for Arcadia Lakes Shopping Center in Columbia, South Carolina

by Abby Cox November 17, 2025

Columbia, S.C. — New York-based Eastern Union has secured $2.9 million in financing for the acquisition of Arcadia Lakes Shopping Center, a 33,684-square-foot shopping center located in Columbia. Marc Tropp of Eastern Union arranged the five-year mortgage on behalf of the buyer, CityWide Properties. The loan features a 75 percent loan-to-cost ratio and a 6.65 percent interest rate. Proceeds of the loan were used for the purchase of the shopping center, as well as for a line of credit for tenant improvements and leasing commissions. CityWide Properties is planning to upgrade …

November 17, 2025

Grocery-anchored Illinois Investment sales News

Mid-America Brokers Sale of 255,704-Square-Foot Wind Point Shopping Center in Batavia, Illinois

by Abby Cox November 14, 2025

Batavia, Ill. — Mid-America Real Estate Corp. has brokered the sale of Wind Point Shopping Center, a 255,704-square-foot grocery-anchored shopping center located in Batavia, a western suburb of Chicago. Aldi anchors the property, which was 98.7 percent leased at the time of sale. Other tenants include Kohl’s, Hobby Lobby, Harbor Freight Tools, OfficeMax, HobbyTown, Pickled!, Petland and AT&T. Ben Wineman and Emily Gadomski of Mid-America Real Estate Corp. represented the seller, New Orleans-based PMAT Real Estate Investments. The center was acquired by Fayetteville, Arkansas-based Core Equity Partners.

November 14, 2025

Investment sales Massachusetts News

Private Investor Acquires 192,003-Square-Foot Shopping Center in New Bedford, Massachusetts, for $12.2 Million

by Abby Cox November 13, 2025

New Bedford, Mass. — A private real estate investor has acquired Fieldstone Marketplace, a 192,003-square-foot shopping center located in New Bedford, for $12.2 million. Restaurant Depot and Ollie’s Bargain Outlet anchor the property, which was recently renovated. Other tenants at the center include Golden Star Chinese Restaurant, Dunkin’, Dollar Tree and Sally Beauty Supply, according to LoopNet Inc. Fieldstone Marketplace was originally built in 1988 on nearly 25 acres. Nat Heald, Connor Scott and Jordana Roet of CBRE’s National Retail Partners team procured the buyer and represented the seller in the …

November 13, 2025

Investment sales News North Carolina

Legacy Realty Group Closes Sale of 267,775-Square-Foot Shopping Center in Lexington, North Carolina

by Abby Cox November 13, 2025

Lexington, N.C. — Legacy Realty Group Advisors has arranged the sale of Lexington Parkway Plaza, a 267,775-square-foot shopping center located in Lexington, approximately 20 miles south of Winston-Salem. Belk, Planet Fitness, Tractor Supply and Ollie’s Bargain Outlet anchor the property. Additional tenants include Dollar Tree, Gabe’s, Hibbett Sports, Cato Fashions, Wingstop, GNC and Jersey Mike’s. Jacob Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the off-market transaction. Will Whitley of New South Properties represented the seller.

November 13, 2025

Investment sales Nevada News

Avison Young Negotiates $6.6 Million Sale of 18,000-Square-Foot Retail Building in Las Vegas

by Abby Cox November 13, 2025

Las Vegas — Avison Young has facilitated the sale of an 18,000-square-foot retail property located in Las Vegas. A Las Vegas-based private trust sold the property to Syndicate MMA, a mixed martial arts gym and tenant since 2019, for $6.6 million. Syndicate MMA occupies 15,000 square feet of the building, with a salon and medical practice occupying the remaining space. Hillary Steinberg and Corina Towle of Avison Young represented the seller, while Kevin Jacobson of Iron Will LLC represented the buyer in the transaction.

November 13, 2025

Illinois Investment sales News

Greenstone Partners Brokers $1.9 Million Sale of Two-Tenant Retail Property in Suburban Chicago

by Abby Cox November 13, 2025

St. Charles, Ill. — Greenstone Partners has brokered the $1.9 million sale of 2701 E. Main St., a 4,083-square-foot retail property located in St. Charles, a western suburb of Chicago. The two-tenant building features a drive-thru and is occupied by Dunkin’ and Options Medical. Both tenants operate under net lease structures. Brewster Hague, AJ Patel and Tom Galvin of Greenstone Partners represented the seller, a private partnership, in the transaction. The buyer was a local investor.

November 13, 2025

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