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Investment sales

Bradley Place
Investment salesNewsPower centersTennessee

Atlantic Capital Partners Arranges Sale of Bradley Place in Suburban Chattanooga for $24.5 Million

by Abby Cox

Cleveland, Tenn. — Atlantic Capital Partners, the Capital Markets division of Atlantic Retail, has sold Bradley Place, a 118,082-square-foot power center located in the northeast Chattanooga suburb of Cleveland, for $24.5 million. HomeGoods, T.J. Maxx, PetSmart and Ulta Beauty anchor the property, which was fully leased at the time of sale. A portion of Bradley Square Mall was redeveloped in 2019 to create space to accommodate Bradley Place. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Ericson of Atlantic Capital Partners represented the seller. The buyer was not disclosed.

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Southgate
Grocery-anchoredInvestment salesLouisianaNews

Disney Investment Group Sells 157,818-Square-Foot Shopping Center in Louisiana

by Abby Cox

Lake Charles, La. — Disney Investment Group (DIG) has sold Southgate, a 157,818-square-foot shopping center located in Lake Charles. The center has been anchored by a 37,442-square-foot Market Basket grocery store for nearly 40 years. Additional tenants at the property, which was 90.8 percent leased at the time of sale, include Dollar Tree, Office Depot, Books-A-Million and Oak Street Health. David Disney and Adam Crockett of DIG represented the seller and procured the buyer in the transaction.

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Park Place Village
Investment salesKansasMixed-useNews

KBS Sells 10-Building Park Place Village Office, Retail Property in Metro Kansas City

by Abby Cox

Leawood, Kan. — KBS has sold Park Place Village, a 10-building, 484,980-square-foot office and retail property in the Kansas City suburb of Leawood. DFW Land was the buyer. Park Place Village was owned by KBS Real Estate Investment Trust III and purchased in 2015. Developed in phases between 2007 and 2013, the property features retail including boutique shops and upscale restaurants. The property was also fully leased at the time of sale. Derek Fohl and Gary Carr of Newmark represented KBS in the sale. Additional team members involved in the transaction …

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Whole Foods
IllinoisInvestment salesLeasingNews

Swanson Development Group, Fort Union Sell Retail Property Leased to Whole Foods in Suburban Chicago for $17.3 Million

by Abby Cox

St. Charles, Ill. — Locally based Swanson Development Group and Fort Union have sold a freestanding, 30,505-square-foot retail property leased to Whole Foods Market in St. Charles, a western suburb of Chicago, for $17.3 million. The newly renovated Whole Foods Market, which formerly housed Blue Goose Market, currently occupies the space on a 20-year double-net lease. JLL represented the sellers in the transaction. The buyer was an affiliate of Benenson Capital Partners.

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North Bear Crossing
ColoradoInvestment salesNews

CenterSquare Acquires 31,871-Square-Foot North Bear Crossing in Suburban Denver

by Abby Cox

Lakewood, Colo. — Conshohocken, Pennsylvania-based CenterSquare has acquired North Bear Crossing, a 31,871-square-foot service retail property located in the Denver suburb of Lakewood. The center was 86 percent leased at the time of sale to tenants including Sports Clips, Domino’s Pizza, Kentucky Fried Chicken/A&W, Moe’s Original BBQ and F45 Training. North Bear Crossing marks CenterSquare’s 61st acquisition nationally.

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Starbucks Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $2.7 Million Sale of Single-Tenant Retail Property in Moreno Valley, California

by Abby Cox

Moreno Valley, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $2.7 million sale of a newly constructed, single-tenant retail property located in Moreno Valley. Starbucks Coffee occupies the 1,500-square-foot building, which is situated within the Cactus Commerce Center. The center features additional tenants such as an ARCO ampm gas station/convenience store and a Wendy’s. Bill Asher and Jeff Lefko of Hanley represented the seller, Glendale, California-based Chase Partners Ltd., in the transaction. David Kluver of Lee & Associates represented the buyer, an Orange County, California-based private investor.

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Algonquin Commons
IllinoisInvestment salesNews

Red Mountain Group Sells 548,000-Square-Foot Power Center in Suburban Chicago

by Abby Cox

Algonquin, Ill. — Red Mountain Group has sold Algonquin Commons, a 548,000-square-foot power center located in the Chicago suburb of Algonquin. Nuveen Real Estate purchased the center for roughly $100 million, as reported by Shaw Local. Algonquin Commons is home to tenants such as Trader Joe’s, The Fresh Market, Nordstrom Rack, Bob’s Furniture, Ulta Beauty, Old Navy, Dick’s Sporting Goods and Barnes & Noble. During its ownership, Red Mountain Group has focused on repositioning and restabilizing the center since its acquisition, including increasing occupancy from 60 percent to more than …

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Carmel Mountain Gateway Plaza
CaliforniaInvestment salesNews

Brixton Capital Acquires Carmel Mountain Gateway Plaza in San Diego for $21.4 Million

by Abby Cox

San Diego — Brixton Capital has acquired Carmel Mountain Gateway Plaza, a 44,230-square-foot neighborhood shopping center in San Diego, for $21.4 million. Built in 1995 and renovated in 2019, Carmel Mountain Gateway Plaza is approximately 75 percent occupied. Ulta Beauty and BevMo! anchor the property, which also offers a value-add opportunity to fill a vacant space formerly occupied by Party City. Kyle Erthner of Urban California Real Estate represented the seller, Torrance, California-based Triwell Properties, in the transaction. Brixton Capital represented itself. Brixton has acquired four additional California shopping centers this …

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Shoppes of Walterboro
Investment salesNewsSouth Carolina

Marcus & Milichap Brokers $9.3 Million Sale of 53,330-Square-Foot Retail Center in Walterboro, South Carolina

by Abby Cox

Walterboro, S.C. — Marcus & Millichap has brokered the $9.3 million sale of Shoppes at Walterboro, a 53,330-square-foot neighborhood retail center located approximately 48 miles west of Charleston. Originally built in 2007 on 7.4 acres, the center was renovated in 2024 with a new roof and awnings, as well as a resurfaced parking lot. Walmart shadow anchors the property, which was 97 percent leased at the time of sale. Additional tenants include Five Below, Dollar Tree, Cato Fashions, Shoe Show, It’s Fashion, AT&T and China Buffet. Al Taf of Marcus & …

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FloridaInvestment salesNews

Partnership Acquires 800,000-Square-Foot Galleria at Fort Lauderdale Mall, Plans Redevelopment

by Abby Cox

Fort Lauderdale, Fla. — GFO Investments and InSite Group, in partnership with Atlas Real Estate and Prime Finance, have acquired The Galleria at Fort Lauderdale, with plans to redevelop the 800,000-square-foot mall. Robert Given, Brad Capas and Casey Rosen of CBRE represented the seller, Keystone-Florida Holding Corp., in the transaction. The sales price was not disclosed. GFO and InSite Group will oversee redevelopment efforts, while Sandeep Mathrani of Atlas Hill Real Estate will lead leasing at the property. Galleria Mall, an underperforming, super-regional shopping center, will be reimagined into a community-focused destination. …

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