Investment sales

Lamar Station Plaza
ColoradoInvestment salesNews

Core Acquisitions, Midloch Investment Buy Shopping Center Near Denver for $30.2 Million

by Abby Cox

Lakewood, Colo. — Deerfield, Illinois-based Core Acquisitions and Chicago-based Midloch Investment Partners have acquired Lamar Station Plaza, a regional shopping center in Lakewood, approximately five miles west of downtown Denver. An undisclosed seller sold the property for $30.2 million. Lamar Station Plaza features 271,632 square feet of retail space anchored by Casa Bonita, a Mexican restaurant and entertainment destination owned by “South Park” television show creators Trey Parker and Matt Stone. The 1,000-seat Casa Bonita features live entertainment with an indoor waterfall and cliff-diving pool and accommodates more than 650,000 visits …

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Village at Lee Branch
AlabamaInvestment salesNewsPower centers

JLL Negotiates $32.5 Million Sale of Power Center in Birmingham, Alabama

by Abby Cox

Birmingham, Ala. — JLL has negotiated the $32.5 million sale of the second phase of Village at Lee Branch, a power center located at 1201 Doug Baker Blvd. in Birmingham. Brad Buchanan, Jim Hamilton and Anton Serafini of JLL represented the seller, Atlanta-based Cygnus Capital, in the transaction. The buyer was Richmond, Virginia-based Hackney Real Estate Partners. Phase II of the project totals 223,300 square feet. Situated in Birmingham’s Meadowbrook submarket along U.S. Highway 280, Village at Lee Branch II was 83 percent leased at the time of sale to …

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Magnolia-Marketplace_NOLA
Investment salesLouisianaNews

Matthews Brokers Sale of Magnolia Marketplace Shopping Center in New Orleans

by Abby Cox

New Orleans — Matthews has brokered the sale of Magnolia Marketplace, a 115,281-square-foot shopping center located at 2900 South Claiborne Ave. in New Orleans. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the locally based seller, Stirling Properties, and sourced the buyer, Agree Realty. The sales price was not disclosed, but the deal marks the highest sales price for a retail property sold within New Orleans’ Mid-City/Central City submarket within the past 10 years, according to data from CoStar Group. Built in 2015 by Stirling, Magnolia Marketplace was fully …

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Lakewood-Center-Lakewood-CA
CaliforniaInvestment salesNews

Faris Lee Brokers $37.3 Million Sale of 97,319-Square-Foot Retail Property in Lakewood, California

by Abby Cox

Lakewood, Calif. — Faris Lee Investments has arranged the sale of a 97,319-square-foot portion of Lakewood Center, a retail center located in Lakewood. A consortium of multiple owners sold the asset to an undisclosed seller for $37.3 million. Situated on 5 acres within Lakewood Center, the sold portion is leased to tenants including Burlington, 24 Hour Fitness and Bank of America. Don MacLellan, Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller in the deal. This is the second large portion of Lakewood Center that Faris Lee …

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10030-Innovation-Campus-Way-Johnstown-OH
Investment salesNewsOhio

CBRE Negotiates $15.6 Million Sale of Convenience Store Property in Suburban Columbus, Ohio

by Abby Cox

Johnstown, Ohio — CBRE has negotiated the $15.6 million sale of a newly developed truck stop and convenience store property occupied by 7-Eleven (Speedway) in Johnstown near New Albany. The 4,816-square-foot property sits at the entrance to the 9,000-acre New Albany International Business Park. 7-Eleven occupies the asset under a new 15-year triple-net lease. CBRE’s Melissa Marshall, Ian Schroeder and David McNevin represented the buyer, a private investor based in Southern California. The seller was an Ohio-based commercial real estate developer.

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707-E-Balboa-Ave-Newport-Beach-CA
CaliforniaEntertainmentInvestment salesNews

Coastal Commercial Arranges Sale of Historic Balboa Theater in Newport Beach, California

by Abby Cox

Newport Beach, Calif. — Coastal Commercial has brokered the sale of Balboa Theater, a nearly century-old landmark theater located at 707 E. Balboa Blvd. in Newport Beach. A local family office sold the property to a local private real estate investor for an undisclosed price. The new owner plans to restore the theater, which originally opened in 1928 as Ritz Theater. The theater ultimately closed in 1991 and despite previous restoration efforts, the property has remained closed for approximately 35 years. Coastal Commercial represented the seller, while Christian Emerson of The …

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Stony Point Village
Grocery-anchoredInvestment salesNewsVirginia

ZRP Sells 112,238-Square-Foot Stony Point Village in Richmond, Virginia, for $41.3 Million

by Abby Cox

Richmond, Va. — Ziff Real Estate Partners (ZRP) has sold Stony Point Village, a 112,238-square-foot neighborhood center located in the Richmond suburb of Bon Air. Asana Partners purchased the property for $41.3 million. ZRP, which acquired Stony Point Village in 2019, has repositioned the center with new tenants such as Trader Joe’s, Sephora and Planet Fitness, while also completing a capital improvement program. Stony Point Village was 98 percent leased at the time of sale.

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2830-S-Highland-Ave
IllinoisInvestment salesNews

JLL Brokers $10.1 Million Sale of Medical-Anchored Strip Center in Metro Chicago

by Abby Cox

Lombard, Ill. — JLL Capital Markets has brokered the $10.1 million sale of 2830 S. Highland Avenue, a 21,071-square-foot retail strip center located in the Chicago suburb of Lombard. Alex Sharrin, Mohsin Mirza, Will Bowater, Michael Nieder and Brian Page of JLL represented the seller, a joint venture between HSG Medical and Capital Healthcare Properties. The buyer was a local private capital group. Built in 2003 and fully renovated in 2026 for the new medical tenancy, the property was fully leased at the time of sale to Duly Health and …

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sunnymead-blvd
CaliforniaInvestment salesNews

Progressive Arranges $3.1 Million Sale of Multi-Tenant Retail Property in Inland Empire

by Abby Cox

Moreno Valley, Calif. — Progressive Real Estate Partners has arranged the $3.1 million sale of a 23,528-square-foot, multi-tenant retail property located at 24300-24320 Sunnymead Blvd. in the Inland Empire city of Moreno Valley. The buyer, which was an Orange County, California-based private investor, plans to make capital improvements and enhance the tenant mix over time. The retail property was 94 percent leased at the time of sale to automotive-related businesses such as Prieto Smog Center, Gina’s Auto Service, Lenny’s Auto Repair and No Limit Sounds & AC.

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Cornerstone Shopping Center
Investment salesNewsWisconsin

Hanley Investment Negotiates Sale of 13,308-Square-Foot Retail Center in Metro Milwaukee

by Abby Cox

Glendale, Wis. — Hanley Investment Real Estate Advisors has negotiated the sale of Cornerstone Shopping Center, a 13,308-square-foot retail center located in Glendale, about five miles north of downtown Milwaukee. Built in 2003, the two-building retail property was fully leased at the time of sale to four tenants including Wild Fork Foods, Pearle Vision, Panera Bread and Vivo Infusion. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller, a North San Diego County, California-based private investor. The buyer, SW Neighborhood Centers IV, an affiliate of …

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