Investment sales

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Investment salesNew YorkNews

Zelco Properties Purchases 200,473-Square-Foot Retail Property in Eastchester, New York

by Abby Cox

Eastchester, N.Y. — Zelco Properties, along with an institutional real estate investment management firm and operating partner, has acquired 750 White Plains Road, a 200,473-square-foot retail property located within the Vernon Hills Shopping Center in Eastchester, approximately 20 miles north of New York City. Formerly occupied by Lord & Taylor, the multi-level property is anchored by White Plains Hospital, which spans 74,500 square feet. New ownership plans to reposition the property with new tenants, with confirmed retailers and restaurants such as a luxury health club, a regional bakery and café, a …

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Laemmle-NoHo7-La-Ca
CaliforniaInvestment salesNews

Pegasus Brokers $6.5 Million Sale of Theater-Anchored Mixed-Use Property in North Hollywood

by Abby Cox

Los Angeles — Pegasus has arranged the $6.5 million sale of Laemmle NoHo 7, a 32,809-square-foot theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles. David Chasin of Pegasus represented the buyer, a locally based investor group led by the Laemmle family — founders and operators of Laemmle Theatres. Located at 5240 Lankershim Blvd. in the NoHo Arts District, the property was originally constructed in 2011. The acquisition was completed as part of a 1031 exchange following the disposition of a former theater property previously owned …

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1440-Brittmoore-The-Outpost
DevelopmentInvestment salesMixed-useNewsTexas

PAGEWOOD Buys 14,000-Square-Foot Office, Retail Building in West Houston, Plans Redevelopment

by Abby Cox

Houston — PAGEWOOD has purchased a 14,000-square-foot office and retail building at 1440 Brittmoore Road in West Houston, with plans for a redevelopment. The local owner-operator plans to occupy 6,000 square feet within the building for its new headquarters and will lease the remaining space to food-and-beverage and fitness concepts. The project, which will be known as The Outpost at Brittmoore, is expected to be completed in the fourth quarter. 

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pecanland-mall
Investment salesLouisianaNews

Kohan Retail Acquires 964,123-Square-Foot Pecanland Mall in Monroe, Louisiana

by Abby Cox

Monroe, La. — Kohan Retail Investment Group has acquired Pecanland Mall, a 964,123-square-foot regional shopping center located in Monroe. Originally opened in 1985, the mall features more than 100 specialty shops, along with a food court. Tenants include Belk, Dillard’s, Dick’s Sporting Goods, JCPenney, American Eagle, Aerie, Bath & Body Works, The Children’s Place, Old Navy and Victoria’s Secret. Newmark brokered the transaction.

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Annapolis-Mall
Investment salesMarylandNews

Centennial Sells 1.6 Million-Square-Foot Annapolis Mall to Macerich for $272 Million

by Abby Cox

Annapolis, Md. — Centennial, along with investment partners Kildare Partners and Atlas Hill Real Estate, has sold Annapolis Mall. Macerich acquired the 1.6 million-square-foot retail center for $260 million. The Santa Monica, California-based REIT also purchased an adjacent, vacant parcel that was formerly occupied by Sears for an additional $12 million.  Centennial acquired Annapolis Mall, which is located roughly 30 miles east of Washington, D.C., in September 2024. Unibail-Rodamco-Westfield (URW) previously owned the property and reported the 2024 sales price as $160 million.  Originally opened in 1980, the mall comprises approximately …

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Whitehall-Plaza
Investment salesNewsPennsylvania

JLL Arranges Sale of 365,071-Square-Foot Shopping Center in Pennsylvania’s Lehigh Valley

by Abby Cox

Whitehall, Pa. — JLL Capital Markets has arranged the sale of Whitehall Plaza, a 365,071-square-foot open-air center located in the Eastern Pennsylvania community of Whitehall. The buyer, Mark Gold of Mishorim Gold Group, internally represented the firm in the purchase. Jim Galbally, Patrick Higgins and JP Colussi of JLL represented the seller in the transaction. Mishorim Gold Group has already initiated the first phases of Whitehall Plaza’s renovation, with plans to invest in a comprehensive revitalization of the property. More than 100,000 square feet of space is already under contract. Tenants …

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ArizonaInvestment salesNews

Phoenix Commercial Advisors Negotiates $13.5 Million Sale of Pecan Plaza Shops in Queen Creek, Arizona

by Abby Cox

Queen Creek, Ariz. — Phoenix Commercial Advisors has negotiated the $13.5 million sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center located in Queen Creek, approximately 45 miles southeast of Phoenix. Built in 2022, the 20,325-square-foot property was fully leased at the time of sale. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the seller. The sale of Pecan Plaza Shops marks the final piece of the center sold as part of the seller’s breakup strategy, which was executed in full by Phoenix Commercial …

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IllinoisInvestment salesNews

Greenstone Partners Brokers $3.9 Million Sale of Retail Center in Metro Chicago

by Abby Cox

Skokie, Ill. — Greenstone Partners has brokered the $3.9 million sale of Gross Point Crossing, a 19,000-square-foot retail center located in Skokie, approximately 15 miles northwest of downtown Chicago. Brewster Hague and AJ Patel of Greenstone represented the seller, a Chicago-based private investor, and procured the buyer, an Ohio-based private real estate investment firm. The value-add property was 67 percent occupied at the time of sale. Located at the intersection of Gross Point Road and Dempster Street, Gross Point Crossing features a mix of food and service-oriented tenants, such as …

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109-E.-Ovilla-Road-Red-Oak-Texas
Investment salesNewsTexas

Curbline Acquires Five-Property Retail Portfolio in Texas

by Abby Cox

Texas — New York City-based Curbline Properties has acquired a five-property retail portfolio across Texas. JLL represented the seller, N3 Real Estate, in the transaction. The portfolio consists of: Various national and local tenants are located at the retail centers including Starbucks Coffee, Handel’s Ice Cream, Burn Boot Camp, Jersey Mike’s Subs, Hotworx, GNC, The UPS Store, Little Caesars Pizza, Anytime Fitness and The Joint Chiropractic.

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price-chopper-plaza
Grocery-anchoredInvestment salesNew YorkNews

Legacy Realty Group Negotiates $4.1 Million Sale of Grocery-Anchored Shopping Center in Upstate New York

by Abby Cox

West Carthage, N.Y. — Legacy Realty Group has negotiated the $4.1 million sale of Price Chopper Plaza, a 52,831-square-foot, grocery-anchored shopping center located in upstate New York. The property, which was 90 percent leased at the time of sale, is home to tenants such as Price Chopper and Aubuchon Hardware. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented the buyer, while Bruce Ginsburg and Peter VanBortel of IKON Realty Group represented the seller.

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