Investment sales

Bay-Landing_Bonita-Springs
FloridaInvestment salesNews

TSCG Brokers $10.4 Million Sale of Grocery-Anchored Shopping Center in Southwest Florida

by Katie Sloan

Bonita Springs, Fla. — TSCG has brokered the sale of Bay Landing, a grocery-anchored shopping center totaling nearly 63,000 square feet in the southwest Florida city of Bonita Springs. InvenTrust Properties purchased the property for approximately $10.4 million. Anthony Blanco led the TSCG team that included Mallory Silva and Nick Ureta in representing the seller, an affiliate of Barron Collier Cos. Built in 1998 along U.S. Highway 41, Bay Landing was fully leased at the time of sale to The Fresh Market and HomeGoods. The site is entitled for an additional …

Continue Reading
0 FacebookTwitterLinkedinEmail
Harper-Square_Corinth
Investment salesMississippiNews

Palomar Group Arranges Sale of Harper Square Shopping Center in Corinth, Mississippi

by Katie Sloan

Corinth, Miss. — The Palomar Group has arranged the $3 million sale of Harper Square, a 40,000-square-foot shopping center located at 1801 S. Harper Road in Corinth. The property, which was redeveloped in 2018, was fully leased at the time of sale to Marshalls and Aldi. A private investment firm based in Georgia purchased the asset from an unnamed lender that recently foreclosed on the center. The Palomar Group represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Curtis Hodges STNL quote
FeaturesFinanceIndustry ContentInvestment salesNet leaseRetail Insight

Who’s Winning in Today’s Single-Tenant Net Lease Market?

by Sarah Daniels

The single-tenant net lease (STNL) market has enjoyed quite the ride. Rents are rising and cap rates are at or near all-time lows. 2021 was a record year for STNL transaction volume, with $103 billion in investment sales, according to Stan Johnson Company’s research, and the first quarter of 2022 has already exceeded quarter-one 2021 by more than 30 percent. At the same time, national STNL inventory has remained very constrained. This makes it a good time to be a net lease seller. Selling, Buying the Dream “There is still …

Continue Reading
0 FacebookTwitterLinkedinEmail
Josh Williams retail leasing, development and sales activity
DevelopmentEconomic DevelopmentEntertainmentFeaturesFinanceIndustry ContentInvestment salesLeasingRetail Insight

Physical Retail Focuses on Quality, Customers

by Sarah Daniels

Josh Williams, senior vice president and director of investments out of Cullinan Properties’ Houston office, has been closely monitoring the leasing, development and sales activity for brick and mortar since our national emergence from the pandemic began. Below are the trends he sees, and where he believes this market is headed. Retail Insight: What would you say is the overarching trend in retail real estate right now? Williams: As we emerge from the pandemic, we are seeing a wide variety of retail assets returning to pre-2020 activity levels, all with one overarching …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shops-at-Willow-Bend-Plano
DevelopmentInvestment salesNewsTexas

Partnership Acquires 1.4-Million-Square-Foot Shops at Willow Bend in Plano, Plans Redevelopment

by Katie Sloan

Plano, Texas — A partnership between Centennial, Cawley Partners and Waterfall Asset Management has acquired the 1.4 million-square-foot Shops at Willow Bend in Plano. The new ownership plans to redevelop the property, though specific details were not disclosed. Taubman originally developed the shopping center in 2001. Tenants include Neiman Marcus, Dillard’s, Macy’s, Crate & Barrel, Vineyard Vines, H&M, Anthropologie, Equinox and Crayola Experience. California Pizza Kitchen, Wetzel’s Pretzels and Great American Cookies are among the food and beverage tenants. According to Chain Store Age, the seller was Spinoso Real Estate Group.

Continue Reading
0 FacebookTwitterLinkedinEmail
Country-Fair-Shopping-Center-Chino-CA
CaliforniaInvestment salesNews

Newmark Negotiates $42.2 Million Sale of Country Fair Shopping Center in Chino, California

by Katie Sloan

Chino, Calif. — Newmark has arranged the $42.2 million sale of Country Fair Shopping Center, a 168,264-square-foot neighborhood shopping center in Chino. Red Mountain Group acquired the property from a publicly traded REIT based in New York. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller in the deal. At the time of sale, the center was 92 percent occupied by tenants including PetSmart, Rite Aid, Dollar Tree, Harbor Freight Tools, America’s Tires, Kaiser Permanente and Sherwin-Williams.

Continue Reading
0 FacebookTwitterLinkedinEmail
Whole-Foods-Westbury
Investment salesNew YorkNews

JLL Arranges $65.3 Million Sale of Whole Foods Market-Anchored Center on Long Island

by Katie Sloan

Garden City, N.Y. — JLL has arranged the $65.3 million sale of Whole Foods at Westbury, a 55,109-square-foot shopping center located in the Long Island community of Garden City. Whole Foods Market anchors the property, which is also home to a 4,818-square-foot, freestanding pad site occupied by HSBC Bank and Bond Vet. James Galbally, Chris Angelone, Jose Cruz, Christopher Munley, Andrew Scandalios, Colin Behr and J.B. Bruno of JLL represented the seller, Midwood Investment & Development, in the disposition of the property to an undisclosed private family investment firm. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesMassachusettsNews

Newmark Arranges Sale of Two Retail Centers on Cape Cod for Combined $120 Million

by Katie Sloan

Hyannis and Falmouth, Mass. — Newmark has arranged the sale of two retail centers on Cape Cod for a combined total of $120 million. Dispositions include Southwind Plaza, a 258,110-square-foot, Home Depot-anchored shopping center in Hyannis; and Falmouth Landing, a 279,989-square-foot retail center anchored by Walmart in Falmouth. Southwind Plaza was fully leased at the time of sale to tenants including Whole Foods Market, Kohl’s, Bed Bath & Beyond and Ethan Allen. Additional tenants at Falmouth Landing include Shaw’s Supermarket, TJ Maxx, Michaels and HomeGoods. Robert Griffin, Geoffrey Millerd, Jonathan Martin …

Continue Reading
0 FacebookTwitterLinkedinEmail
Ansonia-Landing
ConnecticutInvestment salesNews

Institutional Property Advisors Brokers $14 Million Sale of Stop & Shop-Anchored Center in Metro New Haven

by Katie Sloan

Ansonia, Conn. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $14 million sale of Ansonia Landing, a retail center located roughly 10 miles west of New Haven in Ansonia. Jim Koury of IPA represented the seller, Ansonia (E&A) LLC, and procured the buyer, RGMZ Acquisitions LLC, in the transaction. Built in 1979, the center was 91.5 percent leased at the time of sale to tenants including Stop & Shop and Ansonia Discount Wine & Liquor. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Shoppes-Drexel
Investment salesNewsWisconsin

Stan Johnson Co. Facilitates $5.9 Million Sale of Shoppes at Drexel in Oak Creek, Wisconsin

by Katie Sloan

Oak Creek, Wis. — Stan Johnson Co. has facilitated the $5.9 million sale of The Shoppes at Drexel, a 10,351-square-foot retail strip center located at 160 West Town Square Way in Oak Creek. The property was fully leased at the time of sale to five tenants including Mod Pizza, Men’s Hair House, Five Guys, Crumbl Cookies and Potbelly. Ronnie Givargis of Stan Johnson represented the seller, a New York-based individual investor, in the disposition of the property to an investment group based in Cedar Rapids, Iowa. Both parties were involved in …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts