Investment sales

Promenade-Shopping-Plaza
FloridaGrocery-anchoredInvestment salesNews

Mount Vernon Co. Acquires 207,877-Square-Foot Publix-Anchored Center in Palm Beach Gardens, Florida, for $67 Million

by Abby Cox

Palm Beach Gardens, Fla. — Boston-based Mount Vernon Co. has acquired Promenade Shopping Plaza, a 207,877-square-foot Publix-anchored center located in Palm Beach Gardens, a city in South Florida’s Palm Beach County. The South Florida Business Journal reports the sales price as $67 million. Built in 1989, Promenade Shopping Plaza is situated on nearly 23 acres and was 98 percent occupied at the time of sale. The property features a completely rebuilt 54,964-square-foot Publix prototype store that reopened in May 2025 after the former 42,450-square-foot store was demolished. Additional tenants at the …

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JO-Borgen-Plaza
Investment salesNewsWashington

Northmarq Brokers $8.2 Million Sale of Multi-Tenant Retail Center in Metro Seattle

by Abby Cox

North Bend, Wash. — Northmarq has arranged the $8.2 million sale of J.O. Borgen Plaza, a 28,418-square-foot, multi-tenant retail center located in North Bend, approximately 30 miles southeast of Seattle. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq represented the seller and buyer in the deal. J.O. Borgen Plaza is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. The center also features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a …

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Main-Ave-Shopping-Plaza
ConnecticutGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 156,568-Square-Foot Grocery-Anchored Center in Coastal Connecticut

by Abby Cox

Norwalk, Conn. — JLL Capital Markets has arranged the sale of Main Avenue Shopping Center, a 156,568-square-foot retail property located in the southern coastal Connecticut city of Norwalk. J.B. Bruno, Kevin O’Hearn and Jose Cruz of JLL represented the seller, The Prusik Group LLC, in the transaction. Originally built in 1996 on roughly 16.3 acres, Main Avenue Shopping Center was fully leased at the time of sale. A 71,878-square-foot Stop & Shop anchors the property, which features additional tenants such as Total Wine & More, Hobby Lobby and Burger King.

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The Shoppes at Chino Hills
CaliforniaGrocery-anchoredInvestment salesNews

Stockdale Capital Partners, Hamilton Lane Acquire Southern California Shopping Center for $157 Million

by Abby Cox

Chino Hills, Calif. — Stockdale Capital Partners and funds managed by Hamilton Lane have acquired The Shoppes at Chino Hills, a 378,140-square-foot open-air regional lifestyle center located in the Inland Empire city of Chino Hills. Originally developed in 2008, The Shoppes at Chino Hills is anchored by Trader Joe’s and Barnes & Noble. Other retailers and restaurants at the property include Old Navy, Sephora, Victoria’s Secret, Bath & Body Works, P.F. Chang’s, California Pizza Kitchen and Chipotle Mexican Grill, among others. Stockdale plans to rename the property The Shops at Chino …

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TheFoodFactory-OviedoNpark
EntertainmentFloridaInvestment salesNews

CrossMarc Capital Purchases 14,000-Square-Foot Open-Air Retail Venue in Oviedo, Florida, for $8.3 Million

by Abby Cox

Oviedo, Fla. — CrossMarc Capital LP has acquired The Food Factory at Oviedo on the Park, a 14,000-square-foot, open-air dining and entertainment venue in the northeast Orlando suburb of Oviedo, for $8.3 million. The acquisition includes the Food Factory building, as well as an adjacent parcel where CrossMarc plans to develop a 3,894-square-foot, multi-tenant retail building. Construction is expected to begin in November. Approximately 1,200 square feet has already been preleased to Kilwins, an American confectionary franchise. Winter Park, Florida-based Michael Collard Properties sourced the off-market transaction.

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State-Street
FloridaInvestment salesMixed-useNewsNorth Carolina

Cuadra Capital Acquires 250,000 Square Feet of Retail, Mixed-Use Developments in North Carolina, Florida

by Abby Cox

Charlotte, N.C. — Cuadra Capital, a Charlotte-based real estate investment and operating firm, has acquired multiple retail and mixed-use assets totaling 250,000 square feet across North Carolina and Florida. The North Carolina acquisitions include State Street Station in Greensboro, College Plaza in Winston-Salem and the Bottleworks District in Wilmington. The lone Florida acquisition was Park & King in Jacksonville. State Street Station is a 60,977-square-foot, eight-building neighborhood retail center that includes a mix of food-and-beverage, service, medical and wellness retail tenants. The firm also acquired four adjacent parcels from a local …

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CVS-Pharmacy
Investment salesNew YorkNews

CBRE Brokers Sale of Four-Property CVS Portfolio in Upstate New York

by Abby Cox

Binghamton, N.Y. — CBRE has brokered the sale of a four-property CVS Pharmacy portfolio totaling 40,500 square feet in the south-central New York cities of Binghamton, Owego and Endicott, located along the Pennsylvania border. The portfolio includes 163 Robinson Street and 249 Main Street in Binghamton; 39 Park Street in Owego; and 1008 Union Center Maine Highway in Endicott. The properties are fully leased to CVS Pharmacy under long-term, corporate-guaranteed leases. Karly Iacono of CBRE represented the seller, Feinberg Development Corp., in the transaction. An entity doing business as JMM Property …

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Trinity Village Center
FloridaInvestment salesNews

Colterra Capital Sells Trinity Village Center in Metro Tampa, Florida, for $23 Million

by Abby Cox

Trinity, Fla. — Canadian-based real estate company Colterra Capital Corp. has sold Trinity Village Center, a 76,834-square-foot retail property located in Trinity, roughly 30 miles north of Tampa. According to the Tampa Bay Business Journal, Crow Holdings purchased the center for $23 million. Trinity Village Center, which features outparcels and a multi-tenant building, was 93 percent leased at the time of sale to tenants including Bonefish, Synovus Bank and Tampa General. Tommy Isola and Whitaker Leonhardt of Colliers represented Colterra Capital Corp. in the transaction.

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Stop-and-Shop
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $17.3 Million Sale of Single-Tenant Retail Property Near Hartford, Connecticut

by Abby Cox

Simsbury, Conn. — CBRE has arranged the $17.3 million sale of a single-tenant retail property located in Simsbury, approximately 11 miles northwest of Hartford. Stop & Shop anchors the 69,948-square-foot building and is situated within Simsbury Commons, a 256,804-square-foot retail center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Primex Capital, and procured the buyer, in the transaction. Other tenants at Simsbury Commons include Walgreens, Raising Cane’s and Apple Cinemas.

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ColoradoInvestment salesNewsRestaurants

Red Robin Completes Sale of 108 Restaurants for $89.4 Million

by Abby Cox

Englewood, Colo. — Red Robin Gourmet Burgers Inc. has completed the sale of 108 company-owned units to multi-unit franchise operators for approximately $89.4 million in gross proceeds. The company announced the transactions in the second quarter of this year. Under the terms of each agreement, each of the multi-unit restaurant operators has begun operating restaurants in the following markets under the same Red Robin brand: • Kuber Oregon LLC and Kuber Washington LLC acquired 17 restaurants based in Oregon and Washington for $10 million. • Evergreen Dining LLC acquired 30 restaurants …

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