Fort Worth, Texas — Weitzman has negotiated the sale of a newly developed, 11,316-square-foot neighborhood center located in Fort Worth. Guillermo Lopez of Weitzman, along with Matthew Rosenfeld of The Rosenfeld Co., represented the buyer, a Flower Mound, Texas-based limited partnership, in the transaction. Tim Axilrod and Suhi Kosuri of SHOP Cos. represented the undisclosed seller. The three-tenant retail center is fully leased to Boswell Dental Care, Keke’s Breakfast Café and Victory Nail Lounge. The property is also shadow-anchored by a Sprouts Farmers Market.
Ellicott City, Md. — Mackenzie Commercial Real Estate Services has brokered the $57.5 million sale of Normandy Shopping Center, a 185,000-square-foot grocery-anchored center located in Ellicott City, approximately 13 miles west of Baltimore. Owen Rouse and Tom Green of MacKenzie Commercial Real Estate represented the seller, an entity doing business as Normandy Venture LP, and procured the buyer, Normandy National Pike LLC. Normandy National Pike is owned by the Singh family, based in Ellicott City. The five-building shopping center has been owned by the Moxley family since 1961, according to the …
Goodyear, Ariz. — Hanley Investment Real Estate Advisors has arranged the $23 million sale of Mountain Ranch Marketplace, a 49,683-square-foot shopping center located in Goodyear, approximately 19 miles west of Phoenix. Originally built in 2009 on 12.4 acres, Mountain Ranch Marketplace was 94.6 percent occupied at the time of sale to tenants such as AutoZone, Starbucks, Papa John’s Pizza, Subway, Leslie’s Pool Supplies, Verizon, Edward Jones, North Star Animal Hospital, Oasis Bagels, T&T Martial Arts Academy and Great Clips. Tenants not included in the sale are Safeway, McDonald’s, Taco Bell, …
Alpharetta, Ga. — Matthews has negotiated the sale of the final retail parcel at East Village, a recently completed, 268,000-square-foot mixed-use redevelopment located in Alpharetta, a northern suburb of Atlanta. Jeff Enck, Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the seller, The Ardent Cos., in the transaction. The buyer was not disclosed. Situated at the entrance of the East Village mixed-used development, the 24,674-square-foot retail center features a mix of tenants such as Panda Express, Palm Beach Tan, Dollar Tree and Sally Beauty, as well as two outparcel …
North Brunswick, N.J. — JLL Capital Markets has negotiated the sale of The Shoppes at North Brunswick, a 147,000-square-foot shopping center located in North Brunswick, approximately 40 miles southwest of Manhattan. Built in 2007 across nearly 16 acres, the center is 86.7 percent occupied. Tenants at the property, which is home to 42 retailers and five office tenants, include Starbucks, Chipotle Mexican Grill, Bath & Body Works, Men’s Warehouse, Crumbl Cookies, Banana Republic, Big Blue Swim School and Orangetheory Fitness. Roughly 20,000 square feet is still available for lease. Jose …
Lake Worth Beach, Fla. and Rowlett, Texas — SRS Real Estate Partners has brokered the $27.4 million sale of two single-tenant retail properties occupied by Crunch Fitness in Lake Worth Beach, Florida and Rowlett, Texas. Matthew Mousavi and Patrick Luther of SRS Real Estate represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT, in the transaction. The first property, located at 3601 Lakeview Parkway in Rowlett, totals 40,000 square feet and sold for nearly $13.8 million. Situated at 4681 Hypoluxo Road in Lake Worth Beach, the …
Baltimore and Austin, Texas — MCB Real Estate, a privately held commercial real estate firm based in Baltimore, has completed the acquisition of Austin-based Epic Real Estate Partners. The transaction includes 15 grocery-anchored shopping centers owned in partnerships totaling more than 2 million square feet of retail space across 10 states, with a total portfolio value exceeding $575 million, as well as the operating company, which has 13 employees. The properties were cumulatively 92 percent leased at the time of the merger, and the ownership structure of all property-level limited partnerships …
Hanley Investment Group Arranges $20.3 Million Sale of Grocery-Anchored Center in Oxnard, California
Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Pleasant Valley Plaza, an 81,128-square-foot grocery-anchored shopping center in Oxnard, for $20.3 million. Originally built in 1961 and renovated in 2022, Pleasant Valley Plaza is 95 percent occupied and includes a mix of tenants including La Plaza Meat Market, O’Reilly Auto Parts, H Mart and Metro by T-Mobile, as well as various restaurants, service tenants and neighborhood retailers. Sean Cox and Kevin Fryman represented the seller, a private partnership based in Los Angeles. The buyer, a …
Clarksville, Tenn. — The Dowd Cos. has negotiated the sale of Clarksville Square, an 89,924-square-foot shopping center located in Clarksville, for $5.6 million. Built in 1967, the center was fully leased at the time of sale to 10 tenants including Dollar Tree, Big Lots, Farmers Home Furniture and an O’Reilly Auto Parts outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the seller in the transaction. The buyer was a local investor.
Alexandria, La. — Marcus & Millichap has brokered the $4.2 million sale of a 43,084-square-foot shopping center located at 6501 Coliseum Blvd. in the Central Louisiana city of Alexandria. Built in 1994, the center is fully leased to 13 tenants including CHRISTUS Health and Louisiana HomeCare. The property is shadow-anchored by a Walmart Supercenter, which has operated on the site since 2008. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a Florida-based private partnership, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.