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Investment sales

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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Edgehill Village
Investment salesMixed-useNewsRestaurantsTennessee

JLL Arranges $50 Million Sale of Mixed-Use Property in Nashville’s Music Row District

by Abby Cox

Nashville, Tenn. — JLL Capital Markets has arranged the $50 million sale of Edgehill Village, a 58,468-square-foot mixed-use property located in Nashville’s Music Row district. Originally built in 1920 and 1934 and renovated in 2016, the property is leased to a mix of retail, restaurant and office tenants including Van Leeuwen Ice Cream, Barcelona, Consider the Wldflwrs, Warby Parker, NoBaked Cookie Dough, Ralph Lauren and Vow’d. Brad Buchanan and Jim Hamilton of JLL’s Investment Sales and Advisory team represented the seller, Asana Partners, in the transaction.

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Washington Bridge Plaza
Investment salesNew JerseyNews

Goldstein Group Brokers $37 Million Sale of Retail Center in Fort Lee, New Jersey

by Abby Cox

Fort Lee, N.J. — New Jersey-based The Goldstein Group has brokered the $37 million sale of Washington Bridge Plaza, a 47,000-square-foot retail center located in the Northern New Jersey community of Fort Lee. Walgreens anchors the property. Other tenants at the center include The Gyro Project, Bon Epi, Fort Lee Vision, Binghamton Bagel & Deli, Belle Journée Bakery, Revolving Sushi, Punta Cana, 101 Chicken and Pho Today. CJ Huter, Marc Palestina and Lew Finkelstein of The Goldstein Group represented the 1031-exchange buyer, Young Property LLC, in the transaction. Baruch Herman of …

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Sans Souci Plaza
FloridaInvestment salesNews

Avison Young Arranges $16 Million Sale of Retail Property in North Miami, Florida

by Abby Cox

North Miami, Fla. — Avison Young has arranged the $16 million sale of Sans Souci Plaza, a 47,350-square-foot retail property located in North Miami. This acquisition marks the first time the center has been sold. Situated at 2104 and 2222 NE 123rd Street, the property comprises two buildings constructed in 1974 and 1976. Zaika Indian Cuisine and Catch Specialty Fish Market anchor the property. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé and Philip Shapiro of Avison Young represented the seller, Matthews Real Estate Partners, …

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Red Oak Village
GeorgiaInvestment salesNews

Marcus & Millichap Arranges $9 Million Sale of Retail Center in Atlanta

by Abby Cox

Atlanta — Marcus & Millichap has arranged the $9 million sale of Red Oak Village, a 75,011-square-foot multi-tenant retail center located in Atlanta. Situated roughly five miles from Hartsfield-Jackson Atlanta International Airport, the four-building property spans 9.9 acres. The center is leased to 22 tenants including Family Dollar, Wayfield Foods, T-Mobile and the U.S. Postal Service. Salim Valiani and Alex Goodale of Marcus & Millichap’s Orlando office marketed the property on behalf of the seller, Y & H Property Inc., and procured the 1031-exchange buyer, BJ & Properties LLC, in …

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Florissant Marketplace
Grocery-anchoredInvestment salesMissouriNews

First National Realty Acquires 146,257-Square-Foot Shopping Center in Florissant, Missouri

by Abby Cox

Florissant, Mo. — First National Realty Partners (FNRP) has acquired Florissant Marketplace, a 146,257-square-foot shopping center located in the northern St. Louis suburb of Florissant. Situated on roughly 20 acres, the center was originally developed in 1973 and renovated in 2018. The property is anchored by a 70,262-square-foot Schnucks grocery store and was 98 percent leased at the time of sale. Additional tenants at the center include Crunch Fitness, Pet Supplies Plus, Wingstop and AT&T. Chase Young of CBRE represented the undisclosed seller in the transaction. With this acquisition, FNRP’s …

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Silver Lake district
CaliforniaInvestment salesNews

Bolour Buys Retail Center in Los Angeles’ Silver Lake District for $6.5 Million

by Abby Cox

Los Angeles — Bolour Associates has acquired a retail center in the Silver Lake neighborhood of Los Angeles for $6.5 million. Located at 2829-2843 Hyperion Ave., the center was originally built in 1986 and totals 9,884 square feet. The property was 50 percent leased to a mix of tenants including Pinkberry, Standing Egg Coffee, Cats & Dogs and The Village Vet at the time of sale. Additionally, Bolour plans to complete both exterior capital improvements and interior tenant improvements at the property. Oron Maher of Maher Commercial Realty represented the seller …

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Plaza 77 Shops
FloridaInvestment salesNews

Marcus & Millichap Brokers $5.7 Million Sale of Retail Property in Metro Miami

by Abby Cox

Miami — Marcus & Millichap has brokered the $5.7 million sale of Plaza 77 Shops, a 9,590-square foot retail strip center in Miami’s Dadeland neighborhood. Situated less than one mile from Dadeland Mall, the property is anchored by Trulieve and Domino’s Pizza, which both operate on corporate-guaranteed leases. Additional tenants at the center include Chase Bank, Outback Steakhouse, Anthony’s Coal Fired Pizza, Cancun Grill and Massage Envy, according to LoopNet. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, an entity …

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Poway Valley Center
CaliforniaInvestment salesNews

Capstone Advisors Sells Retail Property in Poway, California for $11.6 Million

by Abby Cox

Poway, Calif. — Capstone Advisors has sold Poway Valley Center, a 24,802-square-foot retail property located in Poway, roughly 23 miles north of San Diego, for $11.6 million. The property comprises 16 tenants, including Little Sprouts Daycare, Wingstop, Poway’s Irish Pub, Don Pollo Mexican Food and Bongiorno’s Pizzeria. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, Capstone Advisors, in the transaction. Jimmy Leach and Erik Ransdell of Strands Realty Group represented the buyer, Badal Satasiya.

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Market Square
FloridaInvestment salesNews

Marcus & Millichap Brokers Sale of 81,082-Square-Foot Shopping Center in Tallahassee

by Abby Cox

Tallahassee, Fla. — Marcus & Millichap has brokered the sale of Market Square, an 81,082-square-foot shopping center located in Tallahassee’s Market District, roughly four miles from Florida State University. The center sold for more than $330 per square foot. The property — which was originally built in 1977 and renovated in 2021 — is anchored by a 22,000-square-foot REI. Additional tenants at the property include Sanitas Medical Center, Connors Steak & Seafood, a medical spa and Southern Seafood Market. Alvin Mansour and Jon Talia of The Mansour Group of Marcus …

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