Investment sales

Annapolis-Mall
Investment salesMarylandNews

Centennial Sells 1.6 Million-Square-Foot Annapolis Mall to Macerich for $272 Million

by Abby Cox

Annapolis, Md. — Centennial, along with investment partners Kildare Partners and Atlas Hill Real Estate, has sold Annapolis Mall. Macerich acquired the 1.6 million-square-foot retail center for $260 million. The Santa Monica, Calif.-based REIT also purchased an adjacent, vacant parcel that was formerly occupied by Sears for an additional $12 million.  Centennial acquired Annapolis Mall, which is located roughly 30 miles east of Washington, D.C., in September 2024. Unibail-Rodamco-Westfield (URW) previously owned the property and reported the 2024 sales price as $160 million.  Originally opened in 1980, the mall comprises approximately …

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Whitehall-Plaza
Investment salesNewsPennsylvania

JLL Arranges Sale of 365,071-Square-Foot Shopping Center in Pennsylvania’s Lehigh Valley

by Abby Cox

Whitehall, Pa. — JLL Capital Markets has arranged the sale of Whitehall Plaza, a 365,071-square-foot open-air center located in the Eastern Pennsylvania community of Whitehall. The buyer, Mark Gold of Mishorim Gold Group, internally represented the firm in the purchase. Jim Galbally, Patrick Higgins and JP Colussi of JLL represented the seller in the transaction. Mishorim Gold Group has already initiated the first phases of Whitehall Plaza’s renovation, with plans to invest in a comprehensive revitalization of the property. More than 100,000 square feet of space is already under contract. Tenants …

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Pecan-Plaza-Shops-Queen-Creek-AZ
ArizonaInvestment salesNews

Phoenix Commercial Advisors Negotiates $13.5 Million Sale of Pecan Plaza Shops in Queen Creek, Arizona

by Abby Cox

Queen Creek, Ariz. — Phoenix Commercial Advisors has negotiated the $13.5 million sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center located in Queen Creek, approximately 45 miles southeast of Phoenix. Built in 2022, the 20,325-square-foot property was fully leased at the time of sale. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the seller. The sale of Pecan Plaza Shops marks the final piece of the center sold as part of the seller’s breakup strategy, which was executed in full by Phoenix Commercial …

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8800-8824-Gross-Point-Rd-Skokie
IllinoisInvestment salesNews

Greenstone Partners Brokers $3.9 Million Sale of Retail Center in Metro Chicago

by Abby Cox

Skokie, Ill. — Greenstone Partners has brokered the $3.9 million sale of Gross Point Crossing, a 19,000-square-foot retail center located in Skokie, approximately 15 miles northwest of downtown Chicago. Brewster Hague and AJ Patel of Greenstone represented the seller, a Chicago-based private investor, and procured the buyer, an Ohio-based private real estate investment firm. The value-add property was 67 percent occupied at the time of sale. Located at the intersection of Gross Point Road and Dempster Street, Gross Point Crossing features a mix of food and service-oriented tenants, such as …

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109-E.-Ovilla-Road-Red-Oak-Texas
Investment salesNewsTexas

Curbline Acquires Five-Property Retail Portfolio in Texas

by Abby Cox

Texas — New York City-based Curbline Properties has acquired a five-property retail portfolio across Texas. JLL represented the seller, N3 Real Estate, in the transaction. The portfolio consists of: Various national and local tenants are located at the retail centers including Starbucks Coffee, Handel’s Ice Cream, Burn Boot Camp, Jersey Mike’s Subs, Hotworx, GNC, The UPS Store, Little Caesars Pizza, Anytime Fitness and The Joint Chiropractic.

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price-chopper-plaza
Grocery-anchoredInvestment salesNew YorkNews

Legacy Realty Group Negotiates $4.1 Million Sale of Grocery-Anchored Shopping Center in Upstate New York

by Abby Cox

West Carthage, N.Y. — Legacy Realty Group has negotiated the $4.1 million sale of Price Chopper Plaza, a 52,831-square-foot, grocery-anchored shopping center located in upstate New York. The property, which was 90 percent leased at the time of sale, is home to tenants such as Price Chopper and Aubuchon Hardware. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented the buyer, while Bruce Ginsburg and Peter VanBortel of IKON Realty Group represented the seller.

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La Mesa
CaliforniaInvestment salesMixed-useNews

Marcus & Millichap Arranges Sale of 12,196-Square-Foot Mixed-Use Building in San Diego

by Abby Cox

San Diego — Marcus & Millichap has arranged the sale of La Mesa, a 12,196-square-foot mixed-use property located in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal. Located at 6760 University Ave., the property features a mix of 13 retail and office suites, 28 parking spaces, dual access points and high-visibility frontage. At the time of sale, the building was occupied by service-oriented tenants, including beauty, auto, legal and entertainment uses. The property was built in 1976.

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Providence-Place-Mall
Investment salesNewsRhode Island

Partnership to Acquire Providence Place Mall in Rhode Island for $133 Million

by Abby Cox

Providence, R.I. — A partnership between Syracuse, New York-based Pyramid Management Group, Paolino Properties and DW Partners has been selected to acquire Providence Place Mall, a 1.4 million-square-foot lifestyle center located in Providence, for $133 million. The sale, approved by Superior Court Judge Brian Stern, ends a year-long receivership for the 13.2-acre shopping center, which had been in default under its previous owner, Brookfield Properties. The group plans to complete a repositioning of the property that focuses on curating a stronger mix of retail, dining and entertainment, while enhancing the overall …

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625-Southern-Artery
Investment salesMassachusettsNews

Atlantic Capital Partners Negotiates $5.2 Million Sale of 22,100-Square-Foot Retail Property in Metro Boston

by Abby Cox

Quincy, Mass. — Atlantic Capital Partners has negotiated the $5.2 million sale of 625 Southern Artery, a 22,100-square-foot retail property located in Quincy, roughly 10 miles south of downtown Boston. The retail building was fully leased at the time of sale to Goodwill and Pet Supplies Plus, with an additional licensing agreement with Artery Garden Center. Justin Smith, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller, The Davis Cos., in the transaction. The buyer was a private investor.

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3984 SW. 43rd St.
FloridaInvestment salesNews

Katz & Associates Brokers $4 Million Sale of Single-Tenant Restaurant Property in Gainesville, Florida

by Abby Cox

Gainesville, Fla. — Katz & Associates has brokered the $2.9 million ground lease sale of a single-tenant restaurant property located in Gainesville. Situated at 3984 SW. 43rd St., the 8,392-square-foot building is occupied by Texas Roadhouse. Michael Zimmerman of Katz & Associates represented the seller in the transaction. Chris Lind of Marcus & Millichap represented the buyer.

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