Investment sales

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Grocery-anchoredInvestment salesNevadaNews

Brixton Capital Acquires Las Palmas Village Shopping Center in Las Vegas for $29.4 Million

by Abby Cox

Las Vegas — Brixton Capital has purchased Las Palmas Village, a 106,838-square-foot shopping center in Las Vegas, from Australia-based Cop Group for $29.4 million. Vons anchors Las Palmas Village, which was 95 percent occupied at the time of sale. Additional tenants include Starbucks Coffee, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell. Brixton plans to implement a capital improvements program, with renovations such as landscaping, new paint, roof repairs, HVAC and parking lot resurfacing upgrades. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while …

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Investment salesNewsWashington

Newmark Brokers Sale of 54,264-Square-Foot Renton Highlands Shopping Center Near Seattle

by Abby Cox

Renton, Wash. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center located at the intersection of 4110 and 4250 N.E. 4th St. in Renton, roughly 12 miles southeast of downtown Seattle. Cincinnati-based Phillips Edison & Co. purchased the center for $15.8 million, according to the Puget Sound Business Journal. At the time of sale, the 54,264-square-foot property was 82 percent leased. Current tenants include The Goddard School, Petco, AutoZone, DaVita Renton Dialysis and Chase Bank. The property is shadow anchored by …

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Investment salesNew HampshireNews

Village Center Properties Completes 8,700-Square-Foot Retail Project in Windham, New Hampshire

by Abby Cox

Windham, N.H. — New Hampshire-based Village Center Properties has completed an 8,700-square-foot retail project in Windham, located near the Massachusetts-New Hampshire border. Known as Village Center Place, the project comprises three spaces, two of which have been leased. The remaining, 3,250-square-foot restaurant space includes patio seating. Sperry Commercial Realty Associates is the property’s leasing agent.

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GeorgiaInvestment salesNews

Marcus & Millichap Brokers $4.1 Million Sale of Two-Tenant Retail Property in Metro Atlanta

by Abby Cox

Covington, Ga. — Marcus & Millichap has brokered the $4.1 million sale of a newly constructed, two-tenant retail center located in Covington, about 36 miles east of Atlanta. Zach Taylor, Don McMinn and Eric Abbott of Marcus & Millichap represented the seller, WDG Real Estate Partners. Brian Munn, also of Marcus & Millichap, procured the buyer, a private Atlanta-based investor. Built in 2024, the 7,500-square-foot center is home to Peachtree Immediate Care and Mattress Warehouse. Both tenants occupy the property under corporate-guaranteed triple-net leases.

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Grocery-anchoredInvestment salesNewsSouth Carolina

Legacy Realty Group Arranges Sale of 86,650-Square-Foot Grocery-Anchored Shopping Center Near Columbia, South Carolina

by Abby Cox

Orangeburg, S.C. — Legacy Realty Group Advisors has arranged the sale of an 86,650-square-foot shopping center located in Orangeburg, approximately 40 miles northwest of Columbia. Piggly Wiggly anchors the center, which features a mix of additional tenants such as Advance Auto Parts and Dollar General. Jacob Baruch of Legacy Realty Group Advisors represented the buyer in the transaction. The seller was a local private family.

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Investment salesNevadaNews

Lucescu Realty Negotiates $38.6 Million Sale of Peccole Plaza Shopping Center in Las Vegas

by Abby Cox

Las Vegas — Lucescu Realty has arranged the sale of Peccole Plaza, a 161,978-square-foot shopping center located in Las Vegas. Peccole Enterprises sold the property to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza is fully leased to a variety of tenants including Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty represented the seller and procured the buyer in the transaction.

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CaliforniaInvestment salesNews

Progressive Real Estate Brokers $13.5 Million Sale of Multi-Tenant Retail Center in Metro Los Angeles

by Abby Cox

Walnut, Calif. — Progressive Real Estate Partners has negotiated the $13.5 million sale of The Shops at Walnut Hills Plaza, a 37,173-square-foot shopping center located at 18718-18766 Amar Road in Walnut, roughly 23 miles east of downtown Los Angeles. Portola Real Estate Partners acquired the property from a Los Angeles-based private. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the transaction. Built in 1983, The Shops at Walnut Plaza is fully leased and features 19 tenants including O’Reilly Auto Parts, Little Elephants Kids Place, …

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FloridaInvestment salesNews

MHCommercial Real Estate Fund Acquires Shoppes at Victoria Square on Florida’s Space Coast for $16 Million

by Abby Cox

Merritt Island, Fla. — A TIC including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square, for $16 million. Situated approximately 50 miles east of Orlando near the Kennedy Space Center, the Shoppes at Victoria Square totals 109,000 square feet and is anchored by Burlington, Five Below and Ulta Beauty. The property was 98 percent leased at the time of sale. John K. Crotty, Michael T. Fay, David Duckworth, Brian C. De …

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FloridaInvestment salesMixed-useNews

Concord Wilshire Acquires 43-Acre Mixed-Use Development Site in Royal Palm Beach, Florida for $60 Million

by Abby Cox

Royal Palm Beach, Fla. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the previous owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at …

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Investment salesNewsTexas

Newman Commercial Purchases 7,100-Square-Foot Retail Center in The Woodlands, Texas

by Abby Cox

The Woodlands, Texas — Newman Commercial Real Estate has acquired Grogan’s Forest Center, a 7,100-square-foot neighborhood center located in The Woodlands, a mixed-use development located about 30 miles north of Houston. Serving as a convenience-oriented retail node within the Grogan’s Mill area, the center is home to a mix of tenants including Komeya Sushi & Ramen, Great Clips, Prime Dental Care USA and Feng Cha.

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