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Investment sales

Westgate North
Grocery-anchoredInvestment salesNewsWashington

JLL Arranges $37 Million Sale of Shopping Center in Tacoma, Washington

by Abby Cox

Tacoma, Wash. — JLL Capital Markets has arranged the $37 million sale of Westgate North, 74,789-square-foot shopping center located in Tacoma, roughly two miles from the University of Puget Sound campus. Safeway anchors the property, which was 97.9 percent leased at the time of sale. Additional tenants at the center include Anytime Fitness, Chase Bank, Taco Bell, Xfinity, Subway and Round Table Pizza. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL’s Investment Sales and Advisory team represented the seller. The buyer was Phillips Edison & Co.

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North Euclid Shopping Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Facilitates $12.6 Million Sale of Shopping Center in Fullerton, California

by Abby Cox

Fullerton, Calif. — Hanley Investment Group Real Estate Advisors has facilitated the $12.6 million sale of North Euclid Shopping Center, a 41,219-square-foot shopping center located in the Orange County city of Fullerton. A 21,480-square-foot Stater Bros. Markets formerly anchored the property. The remaining space is fully leased to a barber shop, hair salon, family dentist, chiropractic office, H&R Block and multiple quick-service restaurants. Kevin Fryman, Eric Wohl and Ed Hanley of Hanley Investment represented the seller, Anaheim, California-based Kraemer Land Co., and the buyer, an off-market local private investor, in the …

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24011-24031 Marguerite Parkway
CaliforniaInvestment salesNews

Hanley, Walseth Investment Broker $11.6 Million Sale of Shopping Center in Mission Viejo, California

by Abby Cox

Mission Viejo, Calif. — A partnership between Hanley Investment Group and Walseth Investment Co. has arranged the sale of a 51,312-square-foot shopping center located at 24011-24031 Marguerite Parkway in Mission Viejo, for $11.6 million. A 37,118-square-foot Orchard Supply Hardware store formerly anchored the property, which occupied more than 72 percent of the center. Originally built in 1973 and renovated in 2016, the center sits on 3.4 acres and includes a mix of tenants including A Cut Above, Little Caesars Pizza and Leslie’s Pool Supplies. Kevin Fryman, Bill Asher and Ed …

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The Shops at Leander
Investment salesNewsTexas

Marcus & Millichap Arranges Sale of 37,233-Square-Foot Retail Center in Suburban Austin

by Abby Cox

Leander, Texas — Marcus & Millichap has arranged the sale of The Shops at Leander, a 37,233-square foot retail center located in the Austin suburb of Leander. Situated on three acres, the property comprises four multi-tenant buildings. Retailers at the center include Domino’s Pizza, Mathnasium, 9Round Kickboxing Fitness, Bahama Buck’s and DaVita. Coleman Solomon and Philip Levy of Marcus & Millichap’s Dallas and Austin offices, represented the seller, Kalantari Group, and procured the buyer, Birmingham, Alabama-based Shannon Waltchack, in the transaction.

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Investment salesNewsTexas

Headwall Investments Acquires 5,140-Square-Foot Shopping Center in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Headwall Investments has acquired River District Plaza, a 5,140-square-foot, three-tenant shopping center located in Fort Worth. This transaction marks the firm’s 17th shopping center acquisition, expanding its portfolio to more than 585,600 square feet across the metro Texas areas of Austin, San Antonio, Dallas-Fort Worth and Houston. River District Plaza was fully leased to Wingstop, No Place Like Home and Rustic on the River at the time of sale.

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Suburbia Shopping Center
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Arranges Sale of 154,219-Square-Foot Center in Pottstown, Pennsylvania

by Abby Cox

Pottstown, Pa. — JLL Capital Markets has arranged the sale of Suburbia Shopping Center, a 154,219-square-foot retail property located in Pottstown, approximately 20 miles east of Reading. Originally built in 2003, the property spans 25.6 acres. GIANT grocery store anchors the center, which was 85 percent leased at the time of sale. Additional tenants at the center include Dollar Tree, Starbucks Coffee, UPS Store and Tower Health. Jim Galbally and Patrick Higgins of JLL Capital Markets Investment Sales and Advisory team represented the seller, Gambone Management Co., in the transaction. Powell …

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913 Houston Street
Investment salesNewsTexas

Marcus & Millichap Facilitates Sale of 11,760-Square-Foot Retail Property in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Marcus & Millichap has facilitated the sale of 913 Houston Street, an 11,760-square-foot vacant retail property in downtown Fort Worth. Situated across from the Fort Worth Convention Center, the three-level building was originally built in 1959 and comprises a basement, main floor and a mezzanine level. Roughly a quarter mile from 913 Houston Street, approximately $2 billion of new construction is underway, including a $350 million campus for Texas A&M University and a $200 million expansion of the Omni Fort Worth Hotel. Joe Santelli of Marcus …

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Village Shoppes
FloridaInvestment salesNews

Marcus & Millichap Brokers $8.6 Million Sale of Retail Center in Miami

by Abby Cox

Miami — Marcus & Millichap has brokered the $8.6 million sale of Village Shoppes, a 26,648-square-foot retail center located in the Little Havana neighborhood of Miami. Situated at 503-533 SW 12th Ave., the center comprises two parcels with multiple stores, 30 parking spaces and more than 325 feet of retail frontage. The property also allows for 40,000 square feet of future development of up to eight stories, according to LoopNet. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap’s Miami office marketed the property on behalf of the undisclosed …

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Investment salesNewsNorth Carolina

Lamar Companies, Real Capital Solutions Acquire 456,742-Square-Foot Retail Center in Burlington, North Carolina

by Abby Cox

Burlington, N.C. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Alamance Crossing, a 456,742-square-foot retail center located in Burlington. Hobby Lobby, Carousel Cinemas, Barnes & Noble and Belk anchor the center. Additional retailers at the property comprise a mix of restaurant, fitness, beauty, jewelry and service-based tenants including Buffalo Wild Wings, Tropical Smoothie Café, Anytime Fitness, Bath & Body Works, Kay Jewelers and DentalWorks. Tom Dobrowski of Newmark’s Capital Markets Group represented the undisclosed seller.

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The Learning Experience
Investment salesLeasingNet leaseNewsVirginia

SRS Real Estate Partners Arranges $6.8 Million Sale-Leaseback of Retail Property in Manassas, Virginia

by Abby Cox

Manassas, Va. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, …

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