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SRS Real Estate Arranges $6.1 Million Sale of Retail Property in Fort Worth

Fort Worth, Texas — SRS Real Estate Partners has arranged the $6.1 million sale of a 13,426-square-foot, single-tenant retail building in Fort Worth that is net leased to CVS/pharmacy. The property was built on 2.3 acres in 2020. Matt McNeill

…

  • March 14, 2023

EarthWise Pet Acquires Loyal Biscuit Business, Retail Properties in Maine

San Diego — EarthWise Pet has acquired Loyal Biscuit, a pet supply retailer offering healthy food for dogs and cats. The company has six stores operating in Bath, Belfast, Brewer, Rockport, Rockland and Waterville, Maine. A decision has not yet

…

  • March 14, 2023

ShopOne Acquires 68,271-Square-Foot Bethesda Walk Shopping Center in Metro Atlanta

Lawrenceville, Ga. — ShopOne Centers REIT Inc., with joint venture partners Pantheon and an institutional investor, has acquired Bethesda Walk, a 68,271-square-foot shopping center located in Lawrenceville, roughly 30 miles northeast of Atlanta. Walmart Neighborhood Market anchors the property, which

…

  • March 13, 2023

NAI Hallmark Brokers $3.7 Million Sale of Chipotle Property in Jacksonville

Jacksonville, Fla. — NAI Hallmark has brokered the $3.7 million sale of a 2,425-square-foot property located in Jacksonville. Chipotle Mexican Grill will occupy the newly constructed building on a 15-year, triple-net-lease basis. Daniel Burkhardt and Keith Goldfaden of NAI represented

…

  • March 13, 2023
Kenwood-Shopping-Center_Rosedale

KLNB Arranges $7.2 Million Sale of Kenwood Shopping Center in Metro Baltimore

Rosedale, Md. — KLNB has brokered the $7.2 million sale of Kenwood Shopping Center, a 90,961-square-foot retail center located in Rosedale, a suburb of Baltimore. America’s Realty and investment partners purchased the center from a private family that has owned

…

  • March 10, 2023
Thornton Promenade

CBRE Brokers $4 Million Sale of Thornton Promenade in Metro Atlanta

Lithia Springs, Ga.— CBRE has brokered the $4 million sale of Thornton Promenade, an 18,900-square-foot shopping center located in Lithia Springs, roughly 20 miles west of downtown Atlanta. Avis Car Rental, Domino’s Pizza and Metro PCS are tenants at the

…

  • March 10, 2023

Ashkenazy Acquisition Corp. Buys 200,000-Square-Foot Shopping Center in Chicago

Chicago — Ashkenazy Acquisition Corp. (AAC) has purchased Gateway Centre, a 200,000-square-foot shopping center in Chicago. Tenants at the property, which was 93 percent leased at the time of sale, include Jewel-Osco, Marshalls and LA Fitness. George Good of CBRE

…

  • March 9, 2023
Nordstrom-Pleasanton-Calif

Joint Venture Purchases 8.4-Acre Former Nordstrom Property in Pleasanton, California

Pleasanton, Calif. — A joint venture comprising Shopoff Realty Investments, Praelium Commercial Real Estate and an affiliate of Singerman Real Estate LLC has purchased an 8.37-acre property in Pleasanton formerly home to a Nordstrom department store. Located at Stoneridge Mall,

…

  • March 8, 2023
Hershey-Square-Hummelstown-Pa

Heidenberg Sells 229,724-Square-Foot Retail Center in Hummelstown, Pennsylvania

Hummelstown, Pa. — Heidenberg Properties has sold Hershey Square, a 229,724-square-foot retail center located in Hummelstown. Weis anchors the property, which was built in 1994 and 98 percent occupied at the time of sale. Other tenants at the center include

…

  • March 7, 2023

Marcus & Millichap Arranges $5.3 Million Sale of Retail Property in Metro Chicago

Merillville, Ind. — Marcus & Millichap has arranged the $5.3 million sale of Century Plaza, an 18,215-square-foot property located in Merrillville, roughly 40 miles southeast of Chicago. Tenants at the property include Panera Bread. Alex Perez and Chris Garavaglia of

…

  • March 7, 2023
213-W-Highway105-Monument-CO

RealSource Brokers $3.1 Million Sale of Single-Tenant Retail Property in Monument, Colorado

Monument, Colo. — RealSource Group has arranged the $3.1 million sale of a single-tenant retail building located in Monument. Grease Monkey occupies the 5,309-square-foot building, which was built in 1995 and renovated in 2007. The tenant recently signed a 10-year

…

  • March 7, 2023
39178-10th-St-W-Palmdale-CA

SRS Brokers $5.4 Million Sale of Multi-Tenant Retail Property in Palmdale, California

Palmdale, Calif. — SRS Real Estate Partners has arranged the $5.4 million sale of a retail property located in Palmdale. A private investor acquired the 11,788-square-foot property, which was fully to six tenants including Jenny Craig and Verizon Wireless at

…

  • March 6, 2023
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Industry Content

Legacy Brokers $16.2 Million Sale of Shopping Center in Metro Charlotte

Indian Trail, N.C. — Legacy Realty Group Advisors has arranged the sale of Union Town Center, a 102,360-square-foot shopping center located in Indian Trail, roughly 15 miles southeast of Charlotte.…

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NRF: Holiday Retail Sales Rose 5.3 Percent to $936.3 Billion in 2022

 Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during 2022’s November-December holiday season rose 5.3 percent year-over-year, reaching $936.3 billion. Though the number fell short…

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Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment…

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Today’s Pricing Strategy is a Mix of Art, Science

There will always be a tug-of-war between retail buyers and sellers — or, really, buyers and sellers of any kind. Both parties want to achieve the best price, but that…

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City of Murrieta: Experiential Leads Retail Expansion in Evolving California City

The City of Murrieta, located in Southern California, has seen explosive growth, leading to expanding retail potential — especially in the experiential arena. The city's retail successes have been based on its…

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Cullinan Properties: Mixed-Use Properties Use Retail to Drive Value

Real estate is densifying across the country, and retail has become an important amenity as people seek to live, work and play all together in mixed-use locations. The pandemic sped up…

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Faris Lee: Abundant Capital, Sales Volume Rise as Investors Pursue Retail

Investment volume, capital and competition in the retail sector have been at unprecedented levels lately, leading to lower cap rates as well as more flexibility than investments in multifamily and…

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The Necessity Retail REIT: Growing a Recession-Resilient, Necessity Retail Portfolio

What does it take to build a $5.2 billion recession-resilient, necessity retail property portfolio? Reporter Nellie Day of Retail Insight explored this topic and more with Jason Slear, Executive Vice…

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Industry News

  • IPA Arranges Sale of 84,610-Square-Foot Shopping Center in Southern Oregon
  • Cornerstone Properties Sells Shopping Center in Connecticut for $27.7 Million
  • Publix Opens 46,791-Square-Foot Store at Marketplace at Ellis Crossing in Durham, North Carolina
  • Jaws TPK Signs 1,900-Square-Foot Lease at Mall Corners in Metro Atlanta
  • Marcus & Millichap Brokers $1.9 Million Sale of Retail Building in Metro Kansas City

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