Investment sales

Waldorf-Park
Investment salesMarylandNews

SRS Real Estate Brokers $10.8 Million Sale of Waldorf Park in Southern Maryland

by Abby Cox

Waldorf, Md. — SRS Real Estate Partners has brokered the $10.8 million sale of Waldorf Park, a 22,425-square-foot retail property located in Waldorf, roughly 23 miles south of Washington, D.C. Built in 2022, the property is 93 percent occupied by 12 tenants including Comprehensive Primary Care, Club Pilates and Naz’s Halal Food. Waldorf Park also sits adjacent to St. Charles Town Center, a 1.1 million-square-foot shopping center anchored by Dick’s Sporting Goods. Andrew Fallon and Philip Wellde Jr. of SRS Real Estate Partners represented the seller, Republic Land Development, in …

Continue Reading
0 FacebookTwitterLinkedinEmail
stop-and-shop
Grocery-anchoredInvestment salesMassachusettsNews

JLL Negotiates $8.5 Million Sale of Single-Tenant Retail Property in Suburban Boston

by Abby Cox

Beverly, Mass. — JLL Capital Markets has negotiated the $8.5 million sale of a freestanding retail property located in Beverly, roughly 20 miles northeast of downtown Boston. The 60,666-square-foot building is fully leased to Stop & Shop, which has operated at the location since 1986. The site spans 4.9 acres and originated as the first Marshalls store in the United States, according to JLL. The property has been owned by the Marshalls family since its inception in 1956. Alex Quinn, Zach Nitsche, Sam Wiesman and Joe Marinaro of JLL represented the seller in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Eastchester-NY-750 White-Plains-Rd
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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
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. 

Continue Reading
0 FacebookTwitterLinkedinEmail
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.

Continue Reading
0 FacebookTwitterLinkedinEmail
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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pecan-Plaza-Shops-Queen-Creek-AZ
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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
8800-8824-Gross-Point-Rd-Skokie
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 …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts