Investment sales

Legacy-Rendering
ColoradoDevelopmentInvestment salesNews

LDP, Garrett Cos. Acquire 30 Acres, Plans Major Retail Development Near Colorado Springs

by Abby Cox

Monument, Colo. —  A partnership between Legacy Development Partners (LDP) and The Garrett Cos. has acquired approximately 30 acres to develop Legacy at Jackson Landing, a 225,000-square-foot retail center located at the northeast quadrant of Interstate 25 and Baptist Road in Monument, roughly 20 miles north of Colorado Springs. The development will be anchored by Target, with other proposed tenants including Marshalls, HomeGoods, Chick-fil-A and Firehouse Subs. Additional retailers and restaurants are currently in active negotiations. Construction is expected to begin immediately, with a targeted opening in October 2027. Forth …

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Clay Town Center
FloridaInvestment salesNews

Marcus & Millichap Brokers $8.4 Million Sale of Retail Property in Metro Jacksonville, Florida

by Abby Cox

Middleburg, Fla. — Marcus & Millichap has brokered the $8.4 million sale of a 17,400-square-foot retail center located in Middleburg, roughly 26 miles southwest of downtown Jacksonville. Situated at 1690 Jeremiah St. within the Clay Town Center mixed-use development, the retail property is fully leased to a mix of eight tenants including Mattress Warehouse, Firehouse Subs, Domino’s Pizza and Wingstop. The center was built in 2025 on approximately 3.2 acres. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap marketed the property on behalf of the seller, a Delaware-based LLC, …

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Needham Center Shoppes
Investment salesMassachusettsNews

Linear Retail Properties Purchases Needham Center Shoppes in Massachusetts for $7 Million

by Abby Cox

Needham, Mass. — Linear Retail Properties has acquired Needham Center Shoppes, an 11,330-square-foot store block located at 113-133 Chapel St. and 1013-1019 Great Plain Ave. in Needham, a southwestern suburb of Boston. The purchase price was $7 million. Current tenants include Needham Center Fine Wines, Citizens Bank, Gari’s Japanese Fusion Bistro, Bagel’s Best, Beauty Muse and the Kumon Math and Reading Center. Needham Center Shoppes has been owned and operated by the Heffernan family since 1970.

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Pollo-Campero
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $2.9 Million Sale of Single-Tenant Retail Property in Inland Empire

by Abby Cox

Lake Elsinore, Calif. —Hanley Investment Group Real Estate Advisors has arranged the $2.9 million sale of a 3,000-square-foot, single-tenant retail property located in the Inland Empire city of Lake Elsinore. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Evergreen Devco, in the transaction. Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer, a private investor based in San Bernardino County, California. Situated as an outpacel within a new Stater Bros.-anchored retail development, the newly constructed retail building is occupied by Pollo Campero …

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Oakwood Plaza
IllinoisInvestment salesNews

Marcus & Millichap Brokers $9.3 Million Sale of Oakwood Plaza in Metro St. Louis

by Abby Cox

Alton, Ill. — Marcus & Millichap has brokered the $9.3 million sale of Oakwood Plaza, a 45,400-square-foot shopping center located in Alton, approximately 25 miles north of St. Louis. Built in 2005, the property features a mix of 16 tenants including Panera Bread, Spectrum, Dollar Tree and Great Clips. Chris Garavaglia and Alex Perez of Marcus & Millichap marketed the property on behalf of the seller, Commonwealth Commercial. Steven Weinstock was Marcus & Millichap’s broker of record in Illinois.

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Cooper Street Annex
Investment salesNewsTexas

Weitzman Acquires 87,857-Square-Foot Retail Center in Arlington, Texas

by Abby Cox

Arlington, Texas — Cooper Street Annex Ltd., a limited partnership managed by Weitzman, has acquired Cooper Street Annex, an 87,857-square-foot retail center located in the Dallas suburb of Arlington. Stephen R. Schmidt, Nick Cate and Eric Yoo internally represented the firm. Hudson Lambert of Dallas-based Summit RE represented the seller in the transaction. Weitzman will manage the center. Cooper Street Annex — which was fully leased at the time of sale — features a mix of tenants including Cavender’s Boot City, O’Reilly Auto Parts, Chuck E. Cheese Adventure World and WellMed. The …

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7-Brew-Indiana
IndianaInvestment salesNews

Marcus & Millichap Arranges $4.3 Million Sale of Two Single-Tenant Retail Properties in Valparaiso, Indiana

by Abby Cox

Valparaiso, Ind. — Marcus & Millichap has arranged the $4.3 million sale of two adjacent single-tenant retail properties in two separate transactions located in Valparaiso. Chipotle is located at 2803 Calumet Ave. and 7 Brew is located at 2805 Calumet Ave. The newly constructed retail buildings operate on 15-year leases. Nicholas Kanich and Mitchell Kiven of Marcus & Millichap listed the property on behalf of the seller, an Indiana-based retail developer and operator, and procured both buyers, a Nevada-based investment and development firm and an Indiana-based investor and residential developer. 

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Randolph-movie-theater
Investment salesMassachusettsNews

Atlantic Capital Partners Sells Single-Tenant Retail Property in Metro Boston for $9 Million

by Abby Cox

Randolph, Mass. — Atlantic Capital Partners has sold a 112,265-square-foot single-tenant retail property located in Randolph, approximately 15 miles south of downtown Boston, for $9 million. Showcase Cinema occupies the building, which sits on nearly 13.5 acres. Justin Smith, David Smookler, Peter Considine, Danielle Turpin and Matt Austin of Atlantic Capital Partners represented the seller in the transaction and secured the buyer. The three-level theater has been operating since 1997.

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Shops-at-Hamilton-Mill
GeorgiaInvestment salesNews

CenterSquare Sells Shops at Hamilton Mill in Metro Atlanta

by Abby Cox

Dacula, Ga. — CenterSquare has sold the Shops at Hamilton Mill, a 43,518-square-foot retail center located in Dacula, an Atlanta suburb. The six-building center was fully leased to tenants including Wild Wing Café, J. Christopher’s, Kumon Learning Center and Pure Barre. Further details of the transaction were not disclosed.

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500 North Michigan Avenue
IllinoisInvestment salesNews

Newmark Arranges $41 Million Sale of Michigan Avenue Retail Space in Chicago

by Abby Cox

Chicago — Newmark has arranged the $41 million sale of the retail portion of 500 North Michigan Avenue along Chicago’s Magnificent Mile. The 21,565-square-foot space is fully leased to tenants such as Bank of America, Chick-fil-A and Vans. The property traded at a cap rate of 5.93 percent. Keely Polczynski of Newmark represented the undisclosed seller. The buyer was a private investor.

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