Batavia, Ohio — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Eastgate Shopping Center, a 20,520-square-foot shopping center located in Batavia, approximately 25 miles east of downtown Cincinnati, for $3.3 million. Situated along Old State Route 74, the center was 94 percent leased at the time of sale to tenants including State Farm, Farmers Insurance, Merry Maids and Avis/Budget. Tenants at the center operate on long-term, triple-net lease structures.
Pittsburgh — Washington, D.C.-based Roadside Development has acquired Galleria at Mt. Lebanon, a 168,000-square-foot shopping center located in the Mt. Lebanon neighborhood of Pittsburgh. The Galleria at Mt. Lebanon was originally constructed as a Kaufmann’s department store and later converted to an indoor mall in 1988. Current tenants at the two-story shopping center include Anthropologie, Pottery Barn, Williams-Sonoma, Orvis, Evereve, AMC Theatres and Club Pilates, along with restaurants such as The Yard Gastropub, Houlihan’s, Mitchell’s Fish Market, Panera Bread and Starbucks. Roadside’s plans for the property are currently in development. In …
Bonita Springs, Fla. — Marcus & Millichap has brokered the $3.8 million sale of a 4,665-square-foot retail strip center located at 27250 Bay Landing Drive in Bonita Springs, a city in southwest Florida. Built in 2000 and renovated in 2014, the freestanding center was fully occupied on long-term, triple-net leases by Starbucks Coffee and Tide Cleaners. Chris Garavaglia, Andrew Muth and Alex Perez of Marcus & Millichap’s St. Louis office represented the seller, a private developer, and procured the buyer, a Florida-based investor, in the transaction. Ryan Nee served as Marcus …
Las Vegas — Brixton Capital has purchased Las Palmas Village, a 106,838-square-foot shopping center in Las Vegas, from Australia-based Cop Group for $29.4 million. Vons anchors Las Palmas Village, which was 95 percent occupied at the time of sale. Additional tenants include Starbucks Coffee, Wells Fargo, Pizza Hut, The UPS Store and Taco Bell. Brixton plans to implement a capital improvements program, with renovations such as landscaping, new paint, roof repairs, HVAC and parking lot resurfacing upgrades. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller, while …
Renton, Wash. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center located at the intersection of 4110 and 4250 N.E. 4th St. in Renton, roughly 12 miles southeast of downtown Seattle. Cincinnati-based Phillips Edison & Co. purchased the center for $15.8 million, according to the Puget Sound Business Journal. At the time of sale, the 54,264-square-foot property was 82 percent leased. Current tenants include The Goddard School, Petco, AutoZone, DaVita Renton Dialysis and Chase Bank. The property is shadow anchored by …
Windham, N.H. — New Hampshire-based Village Center Properties has completed an 8,700-square-foot retail project in Windham, located near the Massachusetts-New Hampshire border. Known as Village Center Place, the project comprises three spaces, two of which have been leased. The remaining, 3,250-square-foot restaurant space includes patio seating. Sperry Commercial Realty Associates is the property’s leasing agent.
Covington, Ga. — Marcus & Millichap has brokered the $4.1 million sale of a newly constructed, two-tenant retail center located in Covington, about 36 miles east of Atlanta. Zach Taylor, Don McMinn and Eric Abbott of Marcus & Millichap represented the seller, WDG Real Estate Partners. Brian Munn, also of Marcus & Millichap, procured the buyer, a private Atlanta-based investor. Built in 2024, the 7,500-square-foot center is home to Peachtree Immediate Care and Mattress Warehouse. Both tenants occupy the property under corporate-guaranteed triple-net leases.
Orangeburg, S.C. — Legacy Realty Group Advisors has arranged the sale of an 86,650-square-foot shopping center located in Orangeburg, approximately 40 miles northwest of Columbia. Piggly Wiggly anchors the center, which features a mix of additional tenants such as Advance Auto Parts and Dollar General. Jacob Baruch of Legacy Realty Group Advisors represented the buyer in the transaction. The seller was a local private family.
Las Vegas — Lucescu Realty has arranged the sale of Peccole Plaza, a 161,978-square-foot shopping center located in Las Vegas. Peccole Enterprises sold the property to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza is fully leased to a variety of tenants including Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty represented the seller and procured the buyer in the transaction.
Walnut, Calif. — Progressive Real Estate Partners has negotiated the $13.5 million sale of The Shops at Walnut Hills Plaza, a 37,173-square-foot shopping center located at 18718-18766 Amar Road in Walnut, roughly 23 miles east of downtown Los Angeles. Portola Real Estate Partners acquired the property from a Los Angeles-based private. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the transaction. Built in 1983, The Shops at Walnut Plaza is fully leased and features 19 tenants including O’Reilly Auto Parts, Little Elephants Kids Place, …
