Investment sales

Galt Ocean Marketplace

Fort Lauderdale, Fla. — Miami-based Gazit Horizons Inc. has acquired Galt Ocean Marketplace, a 105,589-square-foot retail center located in the Galt Ocean Mile neighborhood of Fort Lauderdale, for $35.4 million. The property — which was 96 percent leased at the time of sale — is anchored by Winn-Dixie. Additional tenants at the center include CVS Pharmacy, Holy Cross Hospital, McDonald’s, Flagstar Bank and Sherwin-Williams. The acquisition of Galt Ocean Marketplace joins Gazit Horizons’ portfolio of Florida properties, including luxury residential towers AER Tampa and Maizon Brickell in Miami.

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Shoppes at Westgate

Rochester, N.Y. — New York City-based Time Equities Inc. (TEI) has acquired The Shoppes at Westgate, a 62,049-square-foot shopping center located in Rochester, for $6.2 million. Originally built in 1958 and renovated in 1986, the property is shadow-anchored by a Walmart Supercenter. Tenants at the center, which was 91 percent leased at the time of sale, include Ross Dress For Less, Bath & Body Works, Citi Trends and Citizens Bank. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith of TEI represented the firm in the transaction. Ben Snyder and …

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1129-1141 East 11th Street

Houston — Marcus & Millichap has brokered the sale of a 10,578-square-foot retail property located in Houston. Situated at 1129-1141 East 11th Street, the property was fully leased at the time of sale to tenants including Three Dog Bakery and Republic Boot Co. Justin Miller represented the seller, a Houston-based developer, in the transaction.

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Greenville Promenade

Greenville, Texas — STRIVE has arranged the sale of Greenville Promenade, a 220,482-square-foot power center located in Greenville, approximately 35 miles northeast of Dallas. Originally built in 1972, the center was fully leased at the time of sale to tenants including Spec’s Wines, Spirits & Foods, Ashley’s Furniture, Petco, Marshall’s, Ross Dress For Less, Belk and Staples. Hudson Lambert and Jennifer Pierson of STRIVE represented the California-based seller, while Harrison Beethe of STRIVE represented the local Dallas-Fort Worth-based buyer in the transaction. Additional terms of the sale were not disclosed. …

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Shoppes at Romence Village

Portage, Mich. — Mid-America Real Estate Corp. has brokered the sale of Shoppes at Romence Village, a 62,079-square-foot shopping center located in Portage, five miles south of Kalamazoo. The center — which was 96 percent leased at the time of sale — features a mix of tenants including AAA, Great Clips, Michigan Secretary of State, Jet’s Pizza, Once Upon A Child and Clothes Mentor. New York-based Time Equities purchased the property for an undisclosed price. Ben Wineman, Daniel Stern and Brad Lefkowitz of Mid-America represented the seller, Bloomfield Hills, Michigan-based …

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Kinsey Crossing

Tyler, Texas — STRIVE has arranged the sale of Kinsey Crossing, a 24,107-square-foot retail center located in the Northeast Texas city of Tyler. Originally built in 2014, the property was 80 percent leased at the time of sale to tenants including Dunkin’ Donuts, Baskin-Robbins and T-Mobile. Andrew Williams and Will Schubert of STRIVE represented the New Jersey-based seller and sourced the buyer. Additional terms of the sale were not disclosed.

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Katy, Texas — Conshohocken, Pennsylvania-based CenterSquare Investment Management has acquired The Shops at Cinco Ranch, a 27,500-square-foot essential service retail (QSR) shopping center in the western Houston suburb of Katy. The property was 96 percent leased to service-oriented tenants at the time of sale. This transaction marks CenterSquare’s fifth acquisition in Houston.

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Willow Creek Shopping Center

Canton, Mich. — Marcus & Millichap has brokered the $23.8 million sale of Willow Creek Shopping Center, a 161,626-square-foot power center located in Canton, roughly 23 miles west of Detroit. Originally built in 2004, the center is shadow-anchored by IKEA. Tenants at the property — which was fully leased at the time of sale — include Michaels, Marshalls, Dunham’s Sports, Crate & Barrel, Dollar Tree, Kirkland’s, Five Below and Direct Optical. All eight tenants are operating on a triple-net lease basis. Ashish Vakhariya, Darin Gross, and Seth Haron of Marcus …

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Cain Creek Shopping Center

Danville, Va. — Legacy Realty Group Advisors has brokered the sale of Cain Creek Shopping Center, a 59,410-square-foot shopping center located in Danville. Food Lion anchors the center. Additional tenants at the property feature a mix of retail stores, restaurants and businesses, including Family Dollar, Danville Dental, Fabulous Beauty Supply and Isabel’s Pizza Pasta & Subs. Jacob Baruch of Legacy Realty Group Advisors represented both the buyer and seller, an affiliate of Fayetteville, Arkansas-based Core Equity Partners, in the off-market transaction.

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Atlanta — RCG Ventures (RCG) has acquired the first phase of a $1.8 billion multi-tenant retail portfolio from Global Net Lease, Inc (GNL). The first phase, which comprises 59 properties, was purchased for $1.1 billion. Truist Bank and Key Bank provided a new loan facility for the transaction, while Ares Management Alternative Credit, Koch Real Estate Investments and Goldman Sachs Alternatives provided equity investments. RCG expects to complete the sale of the remaining 41 properties in two additional phases by the end of the second quarter of 2025. McGuireWoods LLP …

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