Investment sales

University-Point
GeorgiaInvestment salesNews

Marcus & Millichap Arranges $5.5 Million Sale of Retail Center in Metro Atlanta

by Abby Cox

Kennesaw, Ga. — Marcus & Millichap has arranged the $5.5 million sale of University Point, a 12,500-square-foot retail center located on the campus of Kennesaw State University (KSU) in northwest Atlanta. Originally built in 2005, the property is fully leased to a mix of tenants including Mellow Mushroom, Jimmy John’s, Wingstop, Insomnia Cookies, Tinto’s Coffee House, Vivint Smart Home and the U.S. Marine Corps. Recruiting Station.   Zach Taylor and Eric Abbott of Marcus & Millichap marketed the property on behalf of the seller, a private Atlanta-area owner, in the transaction.

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Firestone
Investment salesNewsOhio

Marcus & Millichap Brokers Sale of Firestone-Occupied Retail Property in Metro Columbus

by Abby Cox

Heath, Ohio — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a newly constructed retail property occupied by Firestone in Heath, about 30 miles east of Columbus. Built in 2025, the property features a 15-year, triple-net corporate-guaranteed lease that includes 5 percent rent increases every five years in the initial term. The asset sold at 98 percent of the list price to an all-cash buyer completing a 1031 exchange. The seller was a preferred developer for Firestone. Don McMinn and Andrew Koriwchak of the …

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Chappaqua-Crossing
Investment salesNew YorkNews

CBRE Negotiates $76.5 Million Sale of Chappaqua Crossing in New York

by Abby Cox

Chappaqua, N.Y. — CBRE has negotiated the $76.5 million sale of Chappaqua Crossing, a 120,986-square-foot shopping center located in New York’s Westchester County that is part of the redevelopment of the 114-acre former Reader’s Digest headquarters campus. Tenants at the center include Whole Foods, Life Time Fitness, Starbucks Coffee and Chase Bank. The property also features more than 500,000 square feet of medical and office space, 64 apartments and 91 luxury townhomes. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented the seller, Heitman, and procured the buyer, …

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Orland-Park-Place
IllinoisInvestment salesNews

Mid-America Arranges Sale of 580,477-Square-Foot Shopping Center in Suburban Chicago

by Abby Cox

Orland Park, Ill. — Mid-America Real Estate Corp. has arranged the sale of Orland Park Place, a 580,477-square-foot shopping center in the southern Chicago suburb of Orland Park. The sales price was $60 million, according to Crain’s Chicago Business. Orland Park Place, which was 93 percent leased at the time of sale, included a mix of tenants such as Nordstrom Rack, Marshalls, Ross Dress for Less, Dick’s Sporting Goods, Steinhafel’s Furniture, Ashley Home Store, Hobby Lobby, DSW, Barnes & Noble and Planet Fitness. The sale included the primary 568,577-square-foot inline …

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shoppes-at-wissinoming
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Negotiates $30.8 Million Sale of Shoppes at Wissinoming in Philadelphia

by Abby Cox

Philadelphia — JLL Capital Markets has negotiated the $30.8 million sale of the Shoppes at Wissinoming, a 97,982-square-foot neighborhood shopping center located in Northeast Philadelphia. ShopRite anchors the property, which was 98 percent occupied at the time of sale. Additional tenants include Wawa, Popeyes, AT&T, Elite Dental and Wissinoming Laundromat. The 11.3-acre site was originally built in 2018. Jim Galbally, Patrick Higgins and JP Colussi of JLL’s sales and advisory team represented the seller, ARCTRUST, in the transaction. The buyer was an affiliate of Brown’s Real Estate.

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Esplanade at Aventura
FloridaInvestment salesNews

JLL Arranges $131 Million Sale of Esplanade at Aventura in South Florida

by Abby Cox

Aventura, Fla. — JLL has arranged the $131 million sale of Esplanade at Aventura, a 219,000-square-foot mixed-use development located in Aventura, roughly 20 miles north of Miami. Situated adjacent to Aventura Mall, the open-air development was completed in 2023. The center features several food and beverage concepts including STK, Joey’s, Amalfi Llama, North Italia, Pura Vida, Starbucks Coffee and Sweetgreen, as well as additional retail tenants such as LEGO, Anatomy Fitness, Pure Barre and One Medical. Industrial and professional service tenants occupy the property’s office space. Danny Finkle, Chris Angelone, …

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Pavilion Shopping Center
CaliforniaInvestment salesNews

Brixton Capital Sells Pavilion Shopping Center in Metro San Diego for $30.5 Million

by Abby Cox

Vista, Calif. — Brixton Capital has sold Pavilion Shopping Center, a 137,742-square-foot open-air, grocery-anchored retail center located in Vista, approximately 34 miles north of San Diego. Milan Capital Management acquired the property for $30.5 million At the time of sale, the nearly 11-acre property was 95.3 percent leased to various tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Additionally, the property underwent extensive capital improvements, including a completely renovated parking lot that was …

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Elmwood-Park
IllinoisInvestment salesNews

Greenstone Partners Brokers $5.2 Million Sale of Elmwood Commons Retail Center in Metro Chicago

by Abby Cox

Elmwood Park, Ill. — Greenstone Partners has brokered the $5.2 million sale of Elmwood Commons, a 16,840-square-foot retail center in the Chicago suburb of Elmwood Park. The property sold to an institutional investor for the full list price. Developed in 1991, the multi-tenant center has maintained near full occupancy since its construction and features a weighted average lease tenure of 15.6 years. Longstanding tenants include FedEx Office, which has occupied its space for 34 years, Wingstop (24 years), Jimmy John’s (19 years), Betty’s (12 years) and Happy Wok (11 years). …

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AlabamaInvestment salesNews

Legacy Commercial Property Acquires 55,000-Square-Foot Hunnington Center in Alabama

by Abby Cox

Huntsville, Ala. — Legacy Commercial Property, a division of Highland Ventures, has acquired Hunnington Center, a 55,000-square-foot retail property located at 11220 Memorial Parkway SW in Huntsville. The property features 10 flexibly sized units with roughly 36,000 square feet of space available for lease. Current tenants include Taziki’s Mediterranean Café, Alfa Mutual Insurance Co., Functional Chiropractic, Hunnington Pharmacy, State Farm Insurance, Mariner Finance and Advance Auto Parts. Legacy Commercial plans to renovate the exterior with a new façade, roof, signage and parking lot.

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Dix-Toledo-Southgate
Investment salesMichiganNews

Mid-America Brokers Sale of 121,184-Square-Foot Shopping Center in Metro Detroit

by Abby Cox

Southgate, Mich. — Mid-America Real Estate Corp. has brokered the sale of Dix-Toledo Shopping Center, a 121,184-square-foot shopping center located in the Detroit suburb of Southgate. The property is 92 percent leased to retailers such as TJ Maxx, Ross Dress for Less, Chuck E. Cheese, Snipes and Hook & Reel. Ben Wineman and Daniel Stern of Mid-America represented the seller, a private family, in the transaction. The buyer was a Detroit-based private investment company.

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