San Francisco — JLL Capital Markets has arranged the $7.3 million sale of Petaluma Town Plaza, a 27,000-square-foot retail center located in San Francisco. Tenants at the center, which was 64 percent leased at the time of sale, include FedEx, Sherwin-Williams, St. Joseph Health, Posh Nails and SalonCentric. Warren McClean and Eric Kathrein of JLL represented the undisclosed private seller in the transaction. Crow Holdings Capital was the buyer.
Chelmsford, Mass. —Winstanley Enterprises and Surrey Equities have purchased Chelmsford Mall in Chelmsford for $28 million in an off-market transaction. The seller was the original developer. Tenants at the property, which was fully leased at the time of sale, include Kohl’s, Michaels, PetSmart, Staples, Famous Footwear, Carter’s and Best Fitness. The buyers plan to make immediate investments into the property, with upgrades including new exterior paint, parking lot improvements, new landscaping and signage upgrades. Winstanley Enterprises also owns Chelmsford Town Center, a 41,000 square-foot shopping center located in downtown Chelmsford.
Oxford, Pa. — NAI Emory Hill has brokered the $3.4 million acquisition of a shopping center located in Oxford, roughly 55 miles outside Philadelphia. Walgreens anchors the property, which was fully occupied at the time of sale. Other tenants at the 15,600-square-foot center include Bigfoot’s Express, Domino’s Pizza and Vape2Go. Rich Dudek of NAI Emory Hill represented the undisclosed buyer in the transaction.
Troy, Mich. — RCG Ventures has acquired Oakland Plaza, a 167,000-square-foot retail center located in the northern Detroit suburb of Troy, Michigan. Anchored by T.J. Maxx, Planet Fitness, Michaels, DSW And Kids Empire, Oakland Plaza was 97 percent leased at the time of sale. Other tenants at the property include Target, Dick’s Sporting Goods, Burlington, Kohl’s, Best Buy, HomeGoods, Rally House, American Mattress and Hobby Lobby. Ben Wineman, Patrick Corrigan and Daniel Stern of Mid-America Real brokered the transaction on behalf of the seller, Continental Realty Corp.
Phoenix and Bedminster, N.J. — Longpoint Partners has acquired two grocery-anchored shopping centers — El Monte Shopping Plaza in Phoenix and The Hills Village Center in Bedminster, New Jersey — for $62 million. Longpoint will manage the properties under its recently debuted Lena Centers brand. El Rancho Market IGA anchors El Monte Shopping Plaza, which totals 101,000 square feet. The property was 99 percent occupied at the time of sale. The Hills Village Center comprises 101,000 square feet. Kings Food Market anchors the center, which was 89 percent occupied at the …
West Palm Beach, Fla. — Marcus & Millichap has brokered the $10.1 million sale of Cross County Plaza, a retail center located in West Palm Beach. K&G Fashion Superstore and dd’s Discounts anchor the property, which totals 49,451 square feet. Other tenants at the center include Presidente Supermarket, Ross Dress for Less, YouFit Health Clubs and Ollie’s Bargain Outlet. Douglas Mandel, Zach Levine and Josh Gilbert of Marcus & Millichap represented the undisclosed seller in the transaction and procured the buyer, Pliskin Realty.
McKinney, Texas — STRIVE has arranged the sale of 380 North E, an 8,022-square-foot retail property located in McKinney. The multi-tenant building was fully occupied at the time of sale. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, an undisclosed local developer, and procured the buyer in the transaction.
Commerce, Calif. — Hilco Real Estate has arranged the $168 million sale of the 99 Cents Only Stores LLC real estate portfolio as part of the retailer’s Chapter 11 bankruptcy proceedings. Founded in 1982, California-based 99 Cents began its liquidation in April 2024, citing rising competition, increased labor costs, challenging logistics and the effects of the COVID-19 pandemic. The portfolio included 44 company-owned properties, as well as 333 store leases and three vacant development parcels. According to Hilco, the portfolio generated significant interest, and 181 asset purchase agreements with non-refundable earnest money deposits …
Lakeland, Fla. — Marcus & Millichap has negotiated the $15.5 million sale of Northtowne Square, a 96,009-square-foot shopping center located in Lakeland. Built in 1988, the property was fully leased at the time of sale. Tenants at the property include Harbor Freight Tools, Fancy Fruit & Produce and Brewlands Bar & Billiards. Tarek Chbeir of Marcus & Millichap represented the seller in the transaction, and Garrett Fierstein of Marcus & Millichap Capital Corp. (MMCC) arranged $6.5 million in acquisition financing on behalf of the buyer.
Fulshear, Texas — JLL Capital Markets has brokered the sale of Shops at Cross Creek, a 24,188-square-foot retail center located in Fulshear. Phillips Edison & Co. acquired the property from Rycore Capital LP for an undisclosed price. Tenants at the center, which was fully leased at the time of sale, include Yen Fulshear, Rightway Dental, Marvelous Clinic, Firehouse Subs and Avis Budget Car. Ryan West, John Indelli and Gianna New of JLL represented the seller in the transaction.
