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.
Hurst, Texas — DuWest Realty has arranged the sale of a 16,938-square-foot retail building located in Hurst, northeast of Fort Worth. According to LoopNet Inc., the property was constructed in 1999. Giancarlo Carriero and Scott Rodgers of DuWest Realty represented the seller, De La Vega Development | Capital, in the transaction. Jolink Wallace Commercial acquired the property for an undisclosed price, with plans to redevelop the building for occupancy by western footwear and apparel retailer Boot Barn.
San Antonio — 35 South Capital has acquired The Collection, a 52,000-square-foot retail center situated on 3.8 acres in San Antonio. Tenants at the property include SoLuna, Revolución, Braza Brava Pizzeria, The Union Yoga + Strength, K. Charles & Co. and St. John. An entity affiliated with Lindenmuth Realty LP sold the center for an undisclosed price. This marks 35 South Capital’s second acquisition in San Antonio, following the purchase of King William Center in early 2024.
North Bergen, N.J. — Marcus & Millichap has arranged the $6.4 million sale of Aaron’s Strip Center, an 18,130-square-foot retail center located in North Bergen. Aaron’s anchors the property, which was fully leased to six tenants at the time of sale. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller and procured the buyer in the transaction.
Burgaw, N.C. — Legacy Realty Group Advisors has brokered the $6 million sale of Pender Landing, a 59,122-square-foot shopping center located in Burgaw. Food Lion anchors the property. Other tenants at the center include Subway, MeMa’s Chick’n & Ribs, Southern Real Estate Co., Silhouette Salon and a martial arts studio. Jacob Baruch of Legacy represented both the buyer and seller in the off-market transaction.
Chattanooga, Tenn. — Matthews Real Estate Investment Services has brokered the sale of Hurricane Creek, a 62,590-square-foot shopping center located in Chattanooga. Publix anchors the property, which was built in 2007. Southeast U.S. Retail Fund L.P. sold the center to an entity doing business as Hurricane Creek Center LLC for an undisclosed price. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews arranged the transaction.
Spring Hill, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17 million sale of Seven Hills Plaza, an 87,286-square-foot retail center located roughly 50 miles north of Tampa in Spring Hill. Planet Fitness and Walgreens anchor the center, which was fully occupied at the time of sale. Additional tenants include Altitude Trampoline Park, AFC Urgent Care, Rehability, Okinawa Ramen Restaurant, GNC and Nails So Happy. Kirk Olson and Drew Kristol of IPA represented the seller, Continental Realty Corp., and procured the buyer, Bezrat H. …
