Morris County, N.J. — RIPCO Real Estate has arranged the $13.8 million sale of a 70,000-square-foot shopping center located along Route 10 in Morris County, approximately 30 miles northwest of New York City. Seth Pollack and Nina Becker of RIPCO Real Estate represented the seller in the transaction and procured the buyer. AMC Theater anchors the retail property, which features a mix of other tenants including Chuck E. Cheese and GolfTec.
Orange, Calif. — Faris Lee Investments has brokered the $10 million sale of The Village, a 47,804-square-foot value-add retail property located in Orange, about 30 miles southeast of downtown Los Angeles. The asset traded for $209 per square foot. Tenants at the center include The Vintage Rose, Legacy Church, Lil Steps Fun Zone and Synergy Salon. Nike Miller of Faris Lee Investments represented the seller and buyer in the transaction. The property was held by the same ownership family since 1964.
Scottsdale, Ariz. — Diversified Partners has acquired a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a 100,000-square-foot mixed-use redevelopment. The property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury …
El Cajon, Calif. — JLL Capital Markets has arranged the $31.5 million sale of The Shops at Parkway Plaza, a 122,484-square-foot retail center located in El Cajon, approximately 15 miles east of downtown San Diego. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. The buyer was a family office based in Texas. Situated adjacent to Parkway Plaza Mall, a 1.4 million-square-foot super-regional mall, The Shops at Parkway Plaza features a mix of tenants including Aldi, Best Buy, HomeGoods, Texas Roadhouse and Applebee’s.
Bel Air, Md. — SJC Ventures has acquired the former Macy’s store at the Harford Mall site in Bel Air, roughly 30 miles northeast of Baltimore, with plans for a redevelopment. The Atlanta-based development firm will begin clearing land and preparing infrastructure at the site in early July. Dubbed Derby Place, the mixed-use project will span 94,600 square feet and will include a 35,000-square-foot grocer, complemented by 48,000 square feet of luxury boutiques, restaurants, shops and amenities. Construction is scheduled to start this summer, while first tenant openings are projected for spring …
Indianapolis — Colliers has negotiated the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.
Phoenix — Marcus & Millichap has arranged the $4.4 million purchase of a single tenant retail property located at 2975 W. Dove Valley Road in Phoenix. Chipotle occupies the 2,458-square-foot restaurant building, which was built in 2025. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the buyer, an Arizona-based limited liability company, in the off-market transaction.
Falls Church, Va. — JLL Capital Markets has arranged the $58 million sale of Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller, Federal Realty Investment Trust, in the transaction. Chris Knight and Evan Parker, also of JLL, secured the five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include …
Lima, Ohio — Eastern Union has arranged $12.9 million in refinancing for the acquisition of Lima Center, a 174,078-square-foot shopping center located in Lima. Jack Beida, Michael Muller and Mike Orlik of Eastern Union secured a seven-year, fixed-rate loan through an undisclosed lender on behalf of the buyer, an entity doing business as Lima Tov LLC. The purchase price was $19.5 million. Lima Center houses 10 retail tenants and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot T.J. Maxx. Other retailers at the property, which was fully leased at …
Newport, Ky. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot power center in Newport, which is situated across the Ohio River from downtown Cincinnati. Newport Pavilion is co-anchored by Kroger and Target and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, T.J. Maxx, Michael’s, Ulta Beauty, Chipotle Mexican Grill and PetSmart. The property sits on 55 acres and benefits from a long-term PILOT agreement through 2037. Conor Lalor, Kyle Minter, Keely Polczynski, James Sharp V and Brian Schneiderman of Newmark represented …
