Minot, N.D. — Marcus & Millichap has brokered the $4.1 million sale of Joshua Plaza, a 36,800-square-foot retail center located in Minot. Timber Development Corp. sold the center, which the company developed in 2004. Eric Abbott and Zach Taylor of Marcus & Millichap’s Atlanta office represented Timber in the transaction.
Sherman, Texas — A partnership between Kobalt Investment Co. and The Retail Connection have acquired Sherman Commons, a 275,477-square-foot retail power center located in Sherman, roughly 40 miles north of the Dallas-Fort Worth metro. The acquisition also includes two vacant outparcels for future development. Kohl’s, Academy Sports + Outdoors, Five Below, Ulta Beauty, Office Depot and PetSmart anchors the property, which was 98 percent leased at the time of sale.
Knoxville, Tenn. — Atlanta-based Halpern Enterprises Inc. has acquired Harvest Park Centre, a 166,035-square-foot retail power center located in Knoxville. Marshalls, Ross Dress For Less and Five Below anchor the center, which was 97 percent leased at the time of sale. Additional retailers at the property include Old Navy, Ulta Beauty, Bath & Body Works, AT&T, Sports Clips and Sally Beauty Supply. Harvest Park Centre marks the firm’s second retail acquisition in Tennessee. Berkeley Capital Advisors represented the seller in the transaction.
Orlando, Fla. — El Car Wash has acquired five Wash City car washes in Orlando, advancing its goal of acquiring 90 sites nationwide by the end of 2025. With these additions, El Car Wash now operates 72 locations across Florida and Michigan, with 15 more scheduled to open this year. Each acquired property will undergo enhancements to align with the El Car Wash brand.
Wisconsin Rapids, Wis. — Marcus & Millichap has brokered the $2.9 million sale of a two-building, six-suite retail center located at 4321–4323 8th St. S. in Wisconsin Rapids. Clothing retailer Maurices and Mattress Firm anchor the property, which was fully leased at the time of sale. Built in 2007, the center sits on 1.6 acres and totals 10,900 square feet, according to LoopNet. Jeff Rowlett of Marcus & Millichap’s Milwaukee office marketed the property on behalf of the seller, Elm Holdings 1 LLC, in the transaction. Jesse Schluter of Wisconsin …
Canton, Ohio — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Whipple Bradley Plaza, a 20,751-square-foot shopping center located in Canton, for $2.7 million. Built in 1999, the center is leased to seven lifestyle and service-oriented tenants.
Hemet, Calif. — Avison Young has negotiated the $2.2 million sale of a single-tenant retail property located at 1735 W. Florida Ave. in Hemet. Harbor Freight Tools occupies the 20,571-square-foot building, which was renovated in 2023. The tenant has approximately 11 years remaining on its absolute triple net lease. Chris Maling and David Maling of Avison Young represented the seller, a California-based limited partnership, in the transaction. The buyer was a California-based private investor.
Tacoma, Wash. — JLL Capital Markets has arranged the $37 million sale of Westgate North, 74,789-square-foot shopping center located in Tacoma, roughly two miles from the University of Puget Sound campus. Safeway anchors the property, which was 97.9 percent leased at the time of sale. Additional tenants at the center include Anytime Fitness, Chase Bank, Taco Bell, Xfinity, Subway and Round Table Pizza. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL’s Investment Sales and Advisory team represented the seller. The buyer was Phillips Edison & Co.
Fullerton, Calif. — Hanley Investment Group Real Estate Advisors has facilitated the $12.6 million sale of North Euclid Shopping Center, a 41,219-square-foot shopping center located in the Orange County city of Fullerton. A 21,480-square-foot Stater Bros. Markets formerly anchored the property. The remaining space is fully leased to a barber shop, hair salon, family dentist, chiropractic office, H&R Block and multiple quick-service restaurants. Kevin Fryman, Eric Wohl and Ed Hanley of Hanley Investment represented the seller, Anaheim, California-based Kraemer Land Co., and the buyer, an off-market local private investor, in the …
Mission Viejo, Calif. — A partnership between Hanley Investment Group and Walseth Investment Co. has arranged the sale of a 51,312-square-foot shopping center located at 24011-24031 Marguerite Parkway in Mission Viejo, for $11.6 million. A 37,118-square-foot Orchard Supply Hardware store formerly anchored the property, which occupied more than 72 percent of the center. Originally built in 1973 and renovated in 2016, the center sits on 3.4 acres and includes a mix of tenants including A Cut Above, Little Caesars Pizza and Leslie’s Pool Supplies. Kevin Fryman, Bill Asher and Ed …
