Investment sales

IPA Brokers $26.9 Million Sale of Shopping Center in Latham, New York

by Abby Cox February 13, 2025

Latham, N.Y. — Institutional Property Advisors (IPA) has brokered the sale of a grocery-anchored shopping center for $26.9 million in Latham, roughly eight miles outside Albany. Built in 2010, the center totals 120,049 square feet and is anchored by The Fresh Market. Approximately 24,000 square feet is available for lease. Other tenants at the property include Petco and Crumbl Cookies. Jim Koury of IPA represented the seller, Shaker Louden Associates, and procured the buyer, PCP Binghamton Associates LLC, in the transaction.

February 13, 2025

Finance Grocery-anchored Investment sales News Texas

Marcus & Millichap Arranges Sale, Financing of 62,990-Square-Foot Retail Center in Houston

by Abby Cox February 13, 2025

Houston — Marcus & Millichap has arranged the sale and financing of Beechnut Village, a 62,990-square-foot retail center located in Houston. The property — which was fully leased at the time of sale — features 15 tenants operating on a triple-net lease basis, including medical offices, discount retailers and food and beverage businesses. La Michoacana Meat Market anchors the center. Scott Abeel and Philip Levy of Marcus & Millichap’s Dallas office marketed the property on behalf of the seller and procured the buyer, a local private investor, in the transaction. Jamie …

February 13, 2025

Grocery-anchored Investment sales News North Carolina

Westwood Financial Acquires 130,156-Square-Foot Shopping Center in Charlotte

by Abby Cox February 12, 2025

Charlotte, N.C. — Los Angeles-based Westwood Financial has acquired Eastway Square, a 130,156-square-foot grocery-anchored shopping center in Charlotte. Tenants at the property include Ross Dress For Less, America’s Best, Papa Johns Pizza, Subway, Wingstop, Rainbow Shops, DentalWorks, Hibbett Sports, Showmars and Food Lion, which anchors the center. Berkley Capital Advisors brokered the sale. The price was not disclosed. Eastway Square joins Westwood Financial’s portfolio of grocery-anchored shopping centers in Charlotte including Prosperity Village Square, Steele Creek Crossing, Steelecroft Shopping Center and The Arbors at Mallard Creek.

February 12, 2025

Development Investment sales News Pennsylvania

CBL Properties Sells Shopping Center in Monroeville, Pennsylvania for $34 Million

by Abby Cox February 12, 2025

Monroeville, Pa. — CBL Properties has sold Monroeville Mall, a 1.2-million-square-foot regional mall located in Monroeville, roughly 20 miles east of Pittsburgh. According to the Pittsburgh Post-Gazette, Walmart purchased the property — which comprises the main mall building, adjacent strip mall, front entrance expansion and land parcels for Best Buy and Firestone — for $34 million in an all-cash transaction. Situated on 186 acres, the mall is anchored by Macy’s, Dick’s Sporting Goods and JCPenney. Other tenants at the property include Barnes & Noble, Cinemark Theatres, Guitar Center and Best Buy. …

February 12, 2025

Alabama Grocery-anchored Investment sales News

First National Realty Acquires 67,622-Square-Foot Retail Center in Montgomery, Alabama

by Abby Cox February 12, 2025

Montgomery, Ala. — Red Bank, New Jersey-based First National Realty Partners has acquired Country Club Centre, a 67,622-square-foot retail center located in Montgomery. The center — which was 85 percent leased at the time of sale — is anchored by Winn-Dixie, which totals 35,922 square feet. Additional tenants at the property include Dollar Tree, Martin’s Restaurant, Subway and Wingstop. Gary Chou of Berkley Capital Advisors represented the undisclosed seller in the transaction.

February 12, 2025

Florida Investment sales Leasing News

Colliers Arranges Sale of Retail Property in Orlando, Florida for $31 Million

by Abby Cox February 11, 2025

Orlando, Fla. — Colliers has arranged the sale of the Narcoossee Cove retail complex to five different buyers for a total of approximately $31 million. Completed in 2024 and situated on 7.7 acres, the property consists of six retail outparcels comprising 36,100 square feet. The transactions include Miller’s Ale House, Fifth Third Bank, Discount Tire, Raising Cane’s and two multi-tenant retail strip centers. Additionally, a roughly 1-acre parcel of land located between Miller’s Ale House and Discount Tire was sold. Michael Brewster and Tommy Isola of Colliers’ Orlando office represented …

February 11, 2025

California Investment sales News

Hanley Brokers Sale of Two Single-Tenant Car Wash Properties in California Totaling $5.4 Million

by Abby Cox February 11, 2025

Grand Terrace and Lodi, Calif. — Hanley Investment Group has brokered the sale of two newly-constructed, single-tenant properties totaling $5.4 million in California. Quick Quack Car Wash occupies each property on a 20-year triple-net lease basis. The Quick Quack Car Wash located in Grand Terrace sold for $2.7 million. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, 5th Street Development, in the transaction. Patrick Toomey of IPA represented the buyer, a Pasadena-based private investor. The car wash is an outparcel to a Stater Bros. Market-anchored shopping …

February 11, 2025

Indiana Investment sales News

Marcus & Millichap Arranges $5.4 Million Sale of Three Retail Centers in Indiana

by Abby Cox February 11, 2025

Indiana — Marcus & Millichap has arranged the sale of three retail centers totaling $5.4 million in Indiana. The centers are Northville Plaza, Kendallville Plaza and Michigan Road Shops. Northfield Plaza in Elkhart, located 15 miles east of South Bend, sold for $1.6 million; Kendallville Plaza in Kendallville sold for $905,000; Michigan Road Shops in Indianapolis sold for $2.9 million. Jordan Klink and Mike Banwell of Marcus & Millichap marketed the properties on behalf of the undisclosed seller.

February 11, 2025

Investment sales News Texas

STRIVE Facilitates Sale of 12,404-Square-Foot Retail Center in Providence Village, Texas

by Abby Cox February 11, 2025

Providence Village, Texas — STRIVE has facilitated the sale of 380 Neighborhood Shops, a 12,404-square-foot retail center located in Providence Village, roughly 15 miles outside Frisco. The property was fully leased at the time of sale. Hudson Lambert and Jason Vitorino of STRIVE represented the seller, a local developer, and sourced the buyer, a local partnership, in the transaction. Additional terms of the sale were not disclosed.

February 11, 2025

Florida Grocery-anchored Investment sales News

IPA Brokers $24 Million Sale of Shopping Center in Tallahassee

by Abby Cox February 10, 2025

Tallahassee, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $24 million sale of Westend Square, a 152,335-square-foot shopping center in Tallahassee. Renovated in 2022, Aldi shadow-anchors the center. Tenants at the property — which was 98 percent leased at the time of sale — include Five Below, Planet Fitness, Pet Supermarket, Aaron’s Rent To Own, Little Caesars Pizza, the U.S. Post Office and Citi Trends. Douglas Mandel of IPA represented the seller, Steven Leoni, and procured the buyer, New York-based Milbrook Properties, in …

February 10, 2025

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