Thursday, July 17, 2025
Read the Digital Magazines
Subscribe

Investment sales

Balboa Fun Zone
CaliforniaInvestment salesNews

Chartwell Real Estate Acquires Iconic Balboa Fun Zone in Newport Beach

by Julia Sanders

Newport Beach, Calif. — Chartwell Real Estate Development has purchased Balboa Fun Zone, a mixed-use entertainment development in Newport Beach. Discovery Cube, a Southern California children’s science museum, sold the property for an undisclosed price. The new owners plan to restore the historic landmark and continue to operate the property as the Balboa Fun Zone, one of Southern California’s oldest amusement park dating to the early 1900s. Located at 600 E. Bay Ave., the 34,500-square-foot property offers 212 feet of waterfront space, the Edgewater Place boardwalk, the Balboa Ferris Wheel, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Heathrow Square
FloridaInvestment salesNews

SRS Arranges Sale of 101,392-Square-Foot Shopping Center in Lake Mary, Florida

by Julia Sanders

Lake Mary, Fla. — SRS Real Estate Partners’ Investment Properties Group has arranged the sale of Heathrow Square, a Winn-Dixie-anchored, 101,392-square-foot shopping center in Lake Mary. Kevin Yaryan, Kyle Stonis and Pierce Mayson of SRS represented the undisclosed seller in the transaction. The buyers, Equinox Development and Harbour Retail Partners, were self-represented. The sales price was not disclosed. Heathrow Square was 97 percent leased at the time of sale to tenants including CVS/pharmacy, Pure Barre, Quest Diagnostics and Subway. Winn-Dixie has occupied the store at Heathrow Square for 29 years.

Continue Reading
0 FacebookTwitterLinkedinEmail
Los Compadres Plaza
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $8.8 Million Sale of Los Compadres Plaza in Inland Empire

by Julia Sanders

Colton, Calif. — Progressive Real Estate Partners has arranged the $8.8 million sale of Los Compadres Plaza, a 47,090-square-foot retail property located at 1035 S. Vernon Ave. in the Inland Empire community of Colton. Brad Umansky, Greg Bedell and Mike Lin of Progressive Real Estate Partners represented the Los Angeles-based seller, who was also one of the original developers, in the transaction. The buyer is a Southern California-based 1031 exchange private investor. Los Compadres Plaza was 93 percent occupied at the time of sale and recently underwent renovations including new …

Continue Reading
0 FacebookTwitterLinkedinEmail
Portland Village
Investment salesNewsTennessee

Palomar Group Brokers $7.8 Million Sale of Portland Village Shopping Center Near Nashville

by Julia Sanders

Portland, Tenn. — The Palomar Group has brokered the sale of Portland Village, an 84,250-square-foot, grocery-anchored shopping center in Portland, about 40.2 miles north of Nashville. The undisclosed buyer, a private investor based in Greenville, South Carolina, bought the property for $7.8 million. The seller was Cincinnati-based Phillips Edison & Co. The Palomar Group represented the buyer and the seller in the transaction. The center was 94 percent leased at the time of sale to tenants including Cash Saver, Planet Fitness and Family Dollar.

Continue Reading
0 FacebookTwitterLinkedinEmail
Retail Center
GeorgiaInvestment salesNews

Transwestern Arranges $3.7 Million Sale of 26,400-Square-Foot Retail Property in Metro Atlanta

by Julia Sanders

Buford, Ga. — Transwestern Real Estate Services has arranged the $3.7 million sale of a 26,400-square-foot retail center located at 1995 Mall of Georgia Blvd. in the Atlanta suburb of Buford. Kevin Markwordt and Fred Victor of Transwestern represented the seller, Jack Rabbit Group LLC, in the disposition to a private investor. The center is located adjacent to Mall of Georgia.

Continue Reading
0 FacebookTwitterLinkedinEmail
Strong Station
AlabamaInvestment salesNews

JLL Arranges $26.6 Million Sale of Two Retail Centers in Birmingham and Huntsville

by Julia Sanders

Birmingham and Huntsville, Ala. — JLL Capital Markets has arranged the sale of Crossings of Hoover and Strong Station, two retail centers totaling 133,705 square feet in Birmingham and Huntsville, respectively. Jim Hamilton, Brad Buchanan and Andrew Michols of JLL represented the Brentwood, Tennessee-based seller, GBT Realty Corp., in the transaction. Warner Robins, Georgia-based Livingston Properties acquired both properties for a total of $26.6 million. Built in 2015, Crossings of Hoover is a 37,765-square-foot retail center anchored by Sprouts Farmers Market. The center is also home to tenants including Supercuts, …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsVirginia

Federal Realty Investment Trust Purchases Twinbrooke Shopping Centre in Fairfax, Virginia for $33.8 Million

by Julia Sanders

Fairfax, Va. — Federal Realty Investment Trust has purchased Twinbrooke Shopping Centre, a 110,000-square-foot, grocery-anchored shopping center in Fairfax. The undisclosed seller sold the property to Federal Realty for $33.8 million. Located at 9525 Braddock Road, Twinbrooke Shopping Centre was 86 percent leased at the time of sale to tenants such as anchors Safeway and Walgreens. Other tenants include Outback Steakhouse, Pho Saigon 75, Waraku Japanese Restaurant, Potomac Valley Veterinary Hospital, Twinbrook Music Inc., Hair Xpressions Fairfax and 153 Barber Shop. Federal Realty anticipates increasing the value of Twinbrooke over …

Continue Reading
0 FacebookTwitterLinkedinEmail
Summit Orchards
Investment salesMissouriNews

Stan Johnson Co. Brokers Sale of 81,185-Square-Foot Summit Orchards Shopping Center Near Kansas City

by Julia Sanders

Lee’s Summit, Mo. — Stan Johnson Co. has brokered the sale of Summit Orchards Shopping Center in Lee’s Summit near Kansas City. The sales price was undisclosed. The newly built property, which spans 81,185 square feet, was fully leased at the time of sale to tenants such as Aldi, HomeGoods, Ross Dress for Less and Five Below. Margaret Caldwell, Patrick Kelley, Jason Powell and Max Van Dresser of Stan Johnson represented the seller, Townsend Summit, an affiliate of Townsend Capital. Jenel Real Estate, a private family office based in New …

Continue Reading
0 FacebookTwitterLinkedinEmail
Pinellas Park
FloridaInvestment salesNews

Marcus & Millichap Arranges $13.7 Million Sale of Three-Property Retail Portfolio in Metro St. Petersburg, Florida

by Julia Sanders

Pinellas Park and Largo, Fla. — Marcus & Millichap has arranged the $13.7 million sale of a three-property retail portfolio totaling 22,631 square feet located outside St. Petersburg in Pinellas Park and Largo. Gabriel Britti, Ronnie Issenberg and Jonathan Gerszberg of Marcus & Millichap represented the seller, an undisclosed local developer, and the buyer, a limited liability company, in the transaction. The portfolio includes 4049-4057 Park Blvd. in Pinellas Park, which sold for $5.2 million; 9040 Ulmerton Road in Largo, which sold for $4 million; and 10125 Ulmerton Road in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Willow Lake Crossing
GeorgiaInvestment salesNews

Palomar Group Brokers $3.8 Million Sale of Willow Lake Crossing in Warner Robins, Georgia

by Julia Sanders

Warner Robins, Ga. — The Palomar Group has brokered the $3.8 million sale of Willow Lake Crossing, a 19,650-square-foot shopping center in Warner Robins. Built in 1998, the center was fully occupied at the time of sale by tenants including Shane’s Rib Shack, Stevi B’s and H&R Block. Target and Academy Sports + Outdoors shadow-anchor the property. The previous owner, Charlestonvest-Warner Robbins LLC, completed renovations at the center earlier this year, which included resealing and restriping the parking lot, façade upgrades and LED lighting installation. Jordan Collier and Brian Sweeting …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts