Richmond, Va. — Ziff Real Estate Partners (ZRP) has sold Stony Point Village, a 112,238-square-foot neighborhood center located in the Richmond suburb of Bon Air. Asana Partners purchased the property for $41.3 million. ZRP, which acquired Stony Point Village in 2019, has repositioned the center with new tenants such as Trader Joe’s, Sephora and Planet Fitness, while also completing a capital improvement program. Stony Point Village was 98 percent leased at the time of sale.
Lombard, Ill. — JLL Capital Markets has brokered the $10.1 million sale of 2830 S. Highland Avenue, a 21,071-square-foot retail strip center located in the Chicago suburb of Lombard. Alex Sharrin, Mohsin Mirza, Will Bowater, Michael Nieder and Brian Page of JLL represented the seller, a joint venture between HSG Medical and Capital Healthcare Properties. The buyer was a local private capital group. Built in 2003 and fully renovated in 2026 for the new medical tenancy, the property was fully leased at the time of sale to Duly Health and …
Moreno Valley, Calif. — Progressive Real Estate Partners has arranged the $3.1 million sale of a 23,528-square-foot, multi-tenant retail property located at 24300-24320 Sunnymead Blvd. in the Inland Empire city of Moreno Valley. The buyer, which was an Orange County, California-based private investor, plans to make capital improvements and enhance the tenant mix over time. The retail property was 94 percent leased at the time of sale to automotive-related businesses such as Prieto Smog Center, Gina’s Auto Service, Lenny’s Auto Repair and No Limit Sounds & AC.
Glendale, Wis. — Hanley Investment Real Estate Advisors has negotiated the sale of Cornerstone Shopping Center, a 13,308-square-foot retail center located in Glendale, about five miles north of downtown Milwaukee. Built in 2003, the two-building retail property was fully leased at the time of sale to four tenants including Wild Fork Foods, Pearle Vision, Panera Bread and Vivo Infusion. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller, a North San Diego County, California-based private investor. The buyer, SW Neighborhood Centers IV, an affiliate of …
Rancho Cucamonga, Calif. — Progressive Real Estate Partners has negotiated the $6 million sale of Allmark Plaza, a 16,926-square-foot retail center located in Rancho Cucamonga. Built in 1986, Allmark Plaza was fully leased at the time of sale to tenants including Domino’s Pizza, Mini-Mart, a nutrition shop, Mexican restaurant, diet center, salon, donut shop, day spa, dry cleaners and a dental office. Lance Mordachini and Monica Dal Bianco-West of Progressive represented the buyer, a California-based private investor. The seller, Allmark Property Management, represented itself.
Sachse, Texas — Brixton Capital has acquired Oak Grove Plaza, a 120,552-square-foot shopping center located in Sachse, roughly 20 miles northeast of downtown Dallas. Kroger, which has operated at the site for 23 years, anchors the property. Additional tenants include Wingstop, Subway, Domino’s Pizza and Kumon, along with a roster of daily-needs services and providers such as Baylor Scott & White Primary Care, Oak Tree Dental, Athletico Physical Therapy and The UPS Store. The 15-acre property comprises two in-line buildings and a Kroger gas pad. Chicago-based Nuveen Real Estate sold the …
Fullerton, Calif. — Hanley Investment Group Real Estate Advisors and Summit RE have brokered the sale of Fullerton Court, a two-story retail center adjacent to Fullerton College in Fullerton. A Newport Beach, California-based private partnership sold the property to a Los Angeles-based, private 1031 exchange investor for $12.7 million. Sean Cox and Kevin Fryman of Hanley, in association with Scott Hook of Summit RE, represented the seller, while the buyer was self-represented in the deal. Located at 444 N. Harbor Blvd., Fullerton Court was originally built in 1982 and expanded in …
Hope Mills, N.C. — Atlantic Capital Partners has brokered the $7 million sale of Hope Mills Crossing, a 53,204-square-foot shopping center located in Hope Mills, roughly five miles south of Fayetteville. David Hoppe, Eric Suffoletto, Jordan Gomez, Mike Lucier, Ben Olmstead and Kendra Doherty of Atlantic Capital represented the seller in the transaction. Renovated in 2025, Hope Mills Crossing is anchored by a newly delivered Planet Fitness. Additional tenants at the center include a mix of medical, financial, government and service-oriented retail businesses. The property was 95 percent leased at the …
Miami — SRS Real Estate Partners has negotiated the $8.9 million ground lease sale of a restaurant property located at 18240 S. Dixie Highway in Miami. Chick-fil-A occupies the 5,399-square-foot property, which was built in 2024, on an absolute triple-net corporate-guaranteed lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a joint venture between Berkowitz Development Group and Landsea Development Group. The buyer was based out of New York.
Troy, Mich. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25 million in financing for the acquisition of a 62,364-square-foot retail property in Troy. Todd Phillips of MMCC arranged the loan through a national bank. It features a seven-year term, 6.1 percent interest rate and 30-year amortization period. The property, located near I-75, is home to several national restaurants and retailers.
