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Investment sales

Retail-Pad_Dalton-Ga
GeorgiaInvestment salesNews

Faris Lee Arranges $4.7 Million Sale of Retail Pad Building in Dalton, Georgia

by Hayden Spiess

Dalton, Ga. — Faris Lee Investments has arranged the $4.7 million sale of a free-standing retail pad building located in Dalton in northern Georgia. Developed in 2023, the two-tenant building features a drive-thru and is situated at the entrance to the Dalton Square shopping center. Starbucks Coffee and AFC Urgent Care currently occupy the property. Scott DeYoung, Jeff Conover, Don MacLellan and Greg Lukosky of Faris Lee represented the undisclosed seller in the transaction. A Georgia-based 1031-exchange private investor was the buyer. Tenants at Dalton Square include Food City, Ross Dress …

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Woodfield-Village-Green_Schaumburg-Ill
Grocery-anchoredIllinoisInvestment salesNews

CBRE Arranges Sale of 420,740-Square-Foot Shopping Center in Metro Chicago

by Hayden Spiess

Schaumburg, Ill. — CBRE has arranged the sale of Woodfield Village Green, a 420,740-square-foot shopping center located in Schaumburg, roughly 30 miles outside Chicago. Bridge33 Capital acquired the property from an undisclosed seller. Tenants at the center include Trader Joe’s, Marshalls, Nordstrom Rack, The Container Store, Bloomingdale’s Outlet, PetSmart and HomeGoods. CBRE represented the seller in the transaction. 

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Investment salesNewsTennessee

Poag Purchases 400,000-Square-Foot Macy’s Department Store at Oak Court Mall in Memphis

by Hayden Spiess

Memphis, Tenn. — Poag Development Group has purchased a 400,000-square-foot store situated within Oak Court Mall, an enclosed regional mall in Memphis originally opened in 1988. Macy’s occupies the space and sold the property in a sale-leaseback transaction. Poag acquired the department store for $7 million in a joint venture with a group of local investors that purchased the other portions of Oak Court Mall in December 2023. Poag plans to work with JLL to maximize the potential of Oak Court Mall. 

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ConnecticutGrocery-anchoredInvestment salesNews

Zelco Properties, Haverford Retail Partners Acquire 123,000-Square-Foot Retail Center in Guilford, Connecticut

by Hayden Spiess

Guilford, Conn. — Zelco Properties, the development and acquisition arm of Charter Realty, and Haverford Retail Partners have acquired Guilford Commons, a 123,000-square-foot retail center located in Guilford. Tenants at the property, which was originally opened in 2015, include The Fresh Market, Michaels, DSW, Ulta Beauty, Panera Bread, MOOYAH, Spavia, Pure Barre and Ivy Rehab. T.J. Maxx and Old Navy also recently signed leases at the center. Charter Realty will manage leasing at property. 

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Investment salesNewsNorth Carolina

CenterSquare Acquires 43,044-Square-Foot Retail Center in Charlotte, North Carolina

by Hayden Spiess

Charlotte, N.C. — CenterSquare has acquired Olde Lancaster Town Center, a 43,044-square-foot retail center located in Charlotte. Tenants at the property, which was fully leased at the time of sale, include My Salon Suites, Aqua Tots, Lee’s Hoagies, Chesterbrook Academy and Eye Level Learning. The new ownership plans to implement improvements at the property including new paint, awnings, LED lights, string lights, patio seating, roofs, updated landscaping and signage enhancements. 

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Brookhaven-Station_Brookhaven-Ga
GeorgiaInvestment salesNews

JLL Brokers Sale of 44,966-Square-Foot Brookhaven Station Retail Center in Atlanta Suburb

by Hayden Spiess

Brookhaven, Ga. — JLL has brokered the sale of Brookhaven Station, a 44,966-square-foot retail center located in the Atlanta suburb of Brookhaven. SITE Centers acquired the property from Hendon Properties for an undisclosed price. Originally built in 1985, the center was renovated between 2022 and 2023. Tenants at the property include Chick-fil-A, Fox Bros. Bar-B-Q, Chop’t and Mellow Mushroom. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller in the transaction. 

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Investment salesNewsTexas

ZRP Sells 97,682-Square-Foot Retail Center in San Antonio, Texas

by Hayden Spiess

San Antonio, Texas — Ziff Real Estate Partners (ZRP) has sold Castle Hills Market, a 97,682-square-foot retail center located in San Antonio. A Dallas-based private buyer acquired the property for an undisclosed price. John Indelli, Whitney Snell, Chris Gerard and Ryan West of JLL brokered the transaction. ZRP purchased the center in 2020 and has implemented physical enhancements and tenancy upgrades at the property. 

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Hawthorne-Plaza_Middle-River-Md
Grocery-anchoredInvestment salesMarylandNews

Neuman Arranges $6.4 Million Sale of Shopping Center in Metro Baltimore

by Hayden Spiess

Middle River, Md. — Neuman Commercial Group has arranged the $6.4 million sale of Hawthorne Plaza, a shopping center located in Middle River, roughly 10 miles outside downtown Baltimore. Originally developed in 1960, the property totals 69,582 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Family Dollar, ExoticHaus Furniture and Geresbeck’s Food Market. Gil Neuman of Neuman Commercial Group represented the buyer, Rockpark Group with Redwood Capital Group, in the transaction. Thornhill Properties Management represented the seller, Hawthorne Inc. 

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Falcon-Ridge-Town-Center-Fontana-CA
CaliforniaInvestment salesNews

MCB Real Estate, DRA Advisors Purchase Falcon Ridge Town Center in Southern California for $65 Million 

by Hayden Spiess

Fontana, Calif. — A joint venture between MCB Real Estate and a fund managed by DRA Advisors has purchased Falcon Ridge Town Center, a retail center located in Fontana, for $65 million. Built in 2005 and renovated in 2023, the property totals 273,424 square feet. Tenants at the center, which was fully leased at the time of sale, include Ulta Beauty, Famous Footwear, Five Below, Michaels, Dollar Tree and Ross Dress for Less.

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Main-Marketplace_Frisco-Texas
Investment salesNewsTexas

Matthews Arranges Sale of 115,736-Square-Foot Retail Center in Frisco, Texas

by Hayden Spiess

Frisco, Texas — Matthews Real Estate Investment Services has arranged the sale of Main Marketplace, a 115,736-square-foot retail center located in Frisco. Situated on 14.7 acres, the property was 97 percent leased at the time of sale. Current tenants at the center include Capriotti’s Sandwich Shop, Flix Brewhouse and Texas Family Fitness. Baylor Worman and Grayson Duyck of Matthews represented the buyer, a private investor, in the transaction. Michael Austry and Jared Aubrey of CBRE represented the seller. 

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