Investment sales

Gruene-Heights
Investment salesNewsTexas

SRS Real Estate Brokers Sale of 25,767-Square-Foot Retail Center in Metro San Antonio

by Abby Cox

New Braunfels, Texas — SRS Real Estate Partners has brokered the sale of Gruene Heights, a 25,767-square-foot multi-tenant retail center located in New Braunfels, approximately 30 miles northwest of San Antonio. Built in 2024 on about 3.5 acres, the center is home to seven tenants including Papa Johns Pizza, Garcia’s Mexican Food Restaurant, Chicken Salad Chick and River Smiles Dentistry. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Real Estate Partners represented the seller, a San Antonio-based developer, in the transaction. The buyer was a Houston-based private investor.

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Nassau Park Pavilion
Grocery-anchoredInvestment salesNew JerseyNews

CBRE Brokers Sale of 760,765-Square-Foot Power Center in Princeton, New Jersey

by Abby Cox

Princeton, N.J. — CBRE has brokered the sale of Nassau Park Pavilion, a 760,765-square-foot power center located in Princeton. Wegmans anchors the center, which is also home to tenants such as Target, Home Depot, Five Below, Floor & Décor, Just Salad, Bluestone Lane and Mezeh. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, SITE Centers Corp., in the transaction. The buyer was Bridge 33 Capital.

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6773-W-Bell-Rd-Glendale-AZ
ArizonaInvestment salesNews

Cushman & Wakefield Arranges $3.2 Million Sale of Single-Tenant Retail Property in Metro Phoenix

by Abby Cox

Glendale, Ariz. — Cushman & Wakefield has arranged the $3.2 million sale of a single-tenant retail property located in Glendale, roughly nine miles northwest of downtown Phoenix. Dollar Tree occupies the 12,064-square-foot property, which was built in 2002 under a net lease structure. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller, WM Grace Cos., in the transaction. The buyer was Teakwood Norman LLC.

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Investment salesNews

Weitzman Negotiates Sale of 11,316-Square-Foot Retail Center in Fort Worth, Texas

by Abby Cox

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.

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normandy-shopping-center
Grocery-anchoredInvestment salesMarylandNews

Mackenzie Commercial Brokers $57.5 Million Sale of Normandy Shopping Center Near Baltimore

by Abby Cox

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 …

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mountain-ranch-marketplace
ArizonaInvestment salesNews

Hanley Arranges $23 Million Sale of Shopping Center in Metro Phoenix

by Abby Cox

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, …

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east-village-alpharetta-ga
GeorgiaInvestment salesNews

Matthews Negotiates Sale of 24,674-Square-Foot Retail Center in Metro Atlanta

by Abby Cox

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 …

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The-Shoppes-at-North-Brunswick
Investment salesNew JerseyNews

JLL Negotiates Sale of The Shoppes at North Brunswick in Central New Jersey

by Abby Cox

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 …

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Crunch-Fla
FloridaInvestment salesNewsTexas

SRS Real Estate Brokers Sale of Two Single-Tenant Retail Properties Totaling $27.4 Million in Florida, Texas

by Abby Cox

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 …

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Durham-Festival
Company newsGrocery-anchoredInvestment salesMarylandNewsTexas

MCB Real Estate Completes Acquisition of Epic Real Estate Partners

by Abby Cox

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 …

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