Charlotte, N.C. — CenterSquare Investment Management has acquired Gold Hill Commerce Park, an 11,835-square-foot service retail shopping center located in Charlotte. The property was fully leased to tenants including Marco’s Pizza, UrgentVet, Select Physical Therapy and Allen Tate Realty at the time of sale. This transaction marks CenterSquare’s 20th acquisition in the Southeast.
Toledo, Ohio — Toledo-based Eidi Properties has acquired 39 shopping centers totaling 650,257 square feet across Illinois, Florida, Virginia, Michigan, North Carolina and Indiana. This transaction, which features a mix of power centers, grocery-anchored plazas and community hubs, brings Eidi’s portfolio to nearly 80 retail properties and more than 1.5 million square feet. The properties were all purchased from Dembs Development. Joel Jerger of WesBanco, Andy Maher and Brian White of Waterford Bank, N.A., as well as John Skeldon and Joe Bajas of Cooperative Business Services (CBS), all based in …
Elk Grove, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $6.1 million sale of a newly constructed, 9,990-square-foot single-tenant retail property located in the Sacramento suburb of Elk Grove. The Learning Experience, an early childhood education and childcare center, occupies the building on a 17-year corporate lease with 6 percent rent increases every five years. Completed in 2022, the Elk Grove facility is operated by the chain’s largest franchisee. Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, Armstrong Development Properties, in the transaction. …
Gadsden, Ala. — RealSource Group has facilitated the $3 million sale of a newly constructed, 2,500-square-foot single-tenant retail property located in Gadsden. Starbucks Coffee occupies the building on a 10-year, double-net-lease with 10 percent rental increases every five years. This transaction marks the first single-tenant Starbucks property sold in Alabama in 2025, according to RealSource Group. Austin Blodgett and Jonathan Schiffer of RealSource Group, in association with ParaSell Inc., represented both the Ohio-based private buyer and the Tampa, Florida-based private developer in the transaction.
Dallas — Partners Capital has acquired Kessler Hills Shopping Center, a 102,020-square-foot retail center located in the Kessler Park neighborhood of Dallas. Originally built in 1989, the two-building property is situated on 10 acres. The United Education Institute and Colaw Fitness anchor the center, which was 98.6 percent leased at the time of sale. Partners Capital plans to renovate the property with improved retail frontage along Fort Worth Avenue, monument sign enhancements and upgraded tenant signage. This deal marks the fifth property to be acquired through Partners Capital’s Opportunity V …
Ponca City, Okla. — Legacy Realty Group has facilitated the sale of Ponca Shopping Center, an 89,874-square-foot retail center located in Ponca City, approximately 21 miles south of the Kansas border. Hobby Lobby, Bealls and Dollar General anchor the property, which was fully leased at the time of sale. The center sits on six acres. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented both the buyer and seller in the transaction.
Boerne, Texas — Headwall Investments has acquired the Tower at Boerne, a 26,000-square-foot shopping center located in Boerne, roughly 20 miles northwest of San Antonio. This transaction marks the firm’s 18th shopping center acquisition, expanding its portfolio to more than 610,000 square feet across the metro Texas areas of Austin, San Antonio, Dallas-Fort Worth and Houston. The center was fully leased to a mix of food and service tenants including Papa Johns Pizza, Jersey Mike’s, Supercuts, JuiceLand, Buffalo Wild Wings, HOTWORX, Firehouse Subs, AT&T, Salata Salad Kitchen, Red Wing Shoes, T-Mobile, …
Paramus, N.J. — A joint venture partnership between Heidenberg Properties Group, Red Starr Investments, Norse Realty Group and DAG Paramus has acquired Paramus Park South, a 181,150-square-foot shopping center located in Paramus, roughly 20 miles northwest of New York City. Anchored by a 100,223-square-foot Stew Leonard’s Supermarket, the center was 67 percent leased to a mix of tenants including Macy’s, Sephora, L.L. Bean, Ulta Beauty and Chick-fil-A at the time of sale. CBRE brokered the sale of the property. Ackman-Ziff Real Estate Group structured the joint venture and arranged acquisition …
Pittsburgh — Tempus Realty Partners has acquired a 125,000-square-foot mixed-use property located in Pittsburgh’s Strip District for $43.8 million. The former warehouse has been redeveloped to include 94,580 square feet of office space and 31,405 square feet of retail. The property is fully leased to tenants including Aurora Innovation, Balvanera, Orr’s Jewelers and Design Within Reach.
Port St. Lucie, Fla. — A joint venture between PEBB Enterprises and Banyan Development has sold The Shoppes at the Heart of Tradition, a 71,000-square-foot shopping center located within the master-planned community of Tradition, for $32 million. The center — which was completed in 2024 — is anchored by ALDI. Additional tenants include Papa Johns Pizza, Carmela Coffee, Kyle G’s Amore Italian Chophouse, Spanish restaurant Port Tradition, Tomalty Dental, Peach Cobbler Factory, Picasso Nails & Spa, Rita’s Italian Ice & Frozen Custard and Swift Mediterranean Grill. One Investment Group represented …
