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Investment sales

Walmart
FloridaInvestment salesNet leaseNews

SRS Real Estate Negotiates $4.5 Million Sale of Walmart-Anchored Property in Metro Orlando

by Abby Cox

Deltona, Fla. — SRS Real Estate Partners has negotiated the $4.5 million ground lease sale of a single-tenant retail property located at 1569 Saxon Blvd. in Deltona. The property is situated 30 miles north of Orlando within the mixed-use development of Deltona Village, which is currently under construction. Walmart occupies the 41,335-square-foot building on an absolute triple-net-lease with 10 years remaining. Patrick Nutt and William Wamble represented the seller, a private partnership, in the transaction. SRS also represented the buyer, a Pennsylvania-based private entity.

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The Crossings at South Fayette
Grocery-anchoredInvestment salesNewsPennsylvania

Niki Group Acquires The Crossings at South Fayette in Suburban Pittsburgh for $10.6 Million

by Abby Cox

Bridgeville, Penn. — San Diego based-The Niki Group has acquired The Crossings at South Fayette, a 38,203-square-foot shopping center located in the Pittsburgh suburb of Bridgeville, for $10.6 million. Situated off Interstate 79 at the intersection of Route 50 and Washington Pike, the property comprises a free-standing ALDI grocery store that anchors the center, as well as two multi-tenant outparcel strips. Tenants include Starbucks Coffee, Chipotle, Sola Salon Studios, Jimmy John’s, Elevation Medical Weight Loss, Brentwood Bank and Radiance at Fluhme. Dean Zang and David Crotts of Marcus & Millichap marketed …

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Walmart
AlabamaInvestment salesNews

Boulder Group Arranges $6.3 Million Sale of Single-Tenant Retail Property in Mobile, Alabama

by Abby Cox

Mobile, Ala. — Chicago-based The Boulder Group has arranged the $6.3 million sale of a single-tenant retail property located at 1550 Government St. in Mobile. ALDI occupies the 42,510-square-foot building on a triple-net lease, which has more than 10 years remaining. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the Canadian-based seller in the transaction. The buyer is a Michigan-based commercial real estate investment company. Other nearby retailers include Walgreens, Dollar Tree, Starbucks Coffee, Sherwin-Williams, Fresenius Kidney Care and Firestone Complete Auto Care.

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Delray Corner
FloridaInvestment salesNews

O’Connor Capital Partners Buys 86,000-Square-Foot Retail Center in South Florida for $28.8 Million

by Abby Cox

Delray Beach, Fla. — O’Connor Capital Partners has purchased Delray Corner, an 86,000-square-foot retail center located in Delray Beach, roughly eight miles north of Boca Raton, for $28.8 million. Situated on 9 acres, Michaels and CVS Pharmacy anchor the center, which was 96 percent leased at the time of sale. Other tenants include Hacienda Mexican Restaurant, Enterprise Rent-A-Car, Power Financial Credit Union and Taso’s Greek Taverna & Bar. Originally constructed in 1981, the property underwent significant repositioning in 2023 for the addition of the Michaels store and a Conviva Care center, …

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Shops on Gosling
Investment salesNewsTexas

Headwall Investments Acquires Shops on Gosling in Metro Houston

by Abby Cox

Spring, Texas — Texas-based Headwall Investments has acquired the Shops on Gosling, a 34,613-square-foot neighborhood shopping center in Spring, 25 miles north of Houston. This transaction marks the firm’s 19th shopping center acquisition for its Texas unanchored shopping center strategy, expanding its portfolio to roughly 645,000 square feet and 200 tenant spaces across the Austin-San Antonio, Dallas-Fort Worth, and Houston markets. Built in 2019, the center is situated adjacent to the master-planned community of The Woodlands. Tenants at the property include Shipley Do-Nuts, Tune Up Salon, Capital Title, Fajita Pete’s and …

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Hawkins Crossing
Investment salesNewsTexas

Scarborough Commercial Arranges Sale of 16,250-Square-Foot Retail Center in Longview, Texas

by Abby Cox

Longview, Texas — Locally based Scarborough Commercial Real Estate has arranged the sale of Hawkins Crossing, a 16,250-square-foot retail center located at 3052 North Eastman Rd. in Longview. Situated on 2 acres, the property was 93 percent leased to tenants including Louisiana Cajun Kitchen, Fresh Dental and PURE Nail Salon at the time of sale. Stephanie Taylor of Scarborough Commercial represented the seller and sourced the buyer in the transaction.

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Fullerton Metrocenter
CaliforniaGrocery-anchoredInvestment salesNews

Space Investment Partners Acquires 395,703-Square-Foot Retail Center in Fullerton, California, for $118 Million

by Abby Cox

Fullerton, Calif. — Corona del Mar, California-based Space Investment Partners has acquired Fullerton Metrocenter, a 395,703-square-foot community center located in the Orange County city of Fullerton, for $118 million. The deal marks the largest sale of a retail asset in Orange County in the past eight years, according to Eastdil Secured, who represented the seller in the transaction. Originally built in 1988 and renovated in 2002, the center is situated on roughly 30 acres near California State University Fullerton. Sprouts Farmers Market, Target and PetSmart anchor the property, which was …

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The Pavilion at Southlake
GeorgiaInvestment salesNews

Marcus & Millichap Negotiates $5.5 Million Sale of 65,267-Square-Foot Retail Center in Metro Atlanta

by Abby Cox

Morrow, Ga. — Marcus & Millichap has negotiated the $5.5 million sale of the Pavilion at Southlake, a 65,267-square-foot retail center located in the Atlanta suburb of Morrow. Situated at 1331-1389 Mt. Zion Rd., the property sits directly across from Southlake Mall and adjacent from a $117 million convocation center currently under development. The center — which comprises 13 buildings — was 92 percent leased at the time of sale. Tenants include Humana, H&R Block, LensCrafters and Bank of America. Eric Abbott and Zach Taylor of Marcus & Millichap’s Atlanta office …

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Inman Grove Shopping Center
Investment salesNew JerseyNews

Goldstein Group Arranges $24 Million Sale of Inman Grove Shopping Center in New Jersey

by Abby Cox

Edison, N.J. — Locally based The Goldstein Group has arranged the $24 million sale of Inman Grove Shopping Center, a 120,000-square-foot shopping center located in Edison. The center is home to a mix of tenants including Taco Bell, Wells Fargo, Ivy Rehab, Planet Wings, Allstate, Dunkin’ Donuts, CSL Plasma, Subway, The UPS Store, Verizon Wireless, Dairy Queen, Vino Sandro Liquors and the Discovery Montessori School. Originally built in 1988, the center sits on nearly 14 acres, according to LoopNet. CJ Huter, Lew Finkelstein, Vice President, Marc Palestina and Roy Paret …

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Dutch Bros Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $2.6 Million Sale of Single-Tenant Retail Property in El Centro, California

by Abby Cox

El Centro, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $2.6 million sale of a single-tenant retail building located in El Centro. Dutch Bros Coffee occupies the drive-thru property on a 15–year, absolute triple-net-lease with 10 percent rental increase every five years. Formerly a Wendy’s fast-food restaurant, the 2,411-square-foot building was originally built in 1988. Situated on an outparcel to a Vons-anchored retail center, nearby tenants include Smart & Final Extra!, Dollar General Market, Costco, Lowe’s, Target and Ashley Furniture. Bill Asher, Jeff Lefko and Beau Velten …

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