Investment sales

La Mesa
CaliforniaInvestment salesMixed-useNews

Marcus & Millichap Arranges Sale of 12,196-Square-Foot Mixed-Use Building in San Diego

by Abby Cox

San Diego — Marcus & Millichap has arranged the sale of La Mesa, a 12,196-square-foot mixed-use property located in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal. Located at 6760 University Ave., the property features a mix of 13 retail and office suites, 28 parking spaces, dual access points and high-visibility frontage. At the time of sale, the building was occupied by service-oriented tenants, including beauty, auto, legal and entertainment uses. The property was built in 1976.

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Providence-Place-Mall
Investment salesNewsRhode Island

Partnership to Acquire Providence Place Mall in Rhode Island for $133 Million

by Abby Cox

Providence, R.I. — A partnership between Syracuse, New York-based Pyramid Management Group, Paolino Properties and DW Partners has been selected to acquire Providence Place Mall, a 1.4 million-square-foot lifestyle center located in Providence, for $133 million. The sale, approved by Superior Court Judge Brian Stern, ends a year-long receivership for the 13.2-acre shopping center, which had been in default under its previous owner, Brookfield Properties. The group plans to complete a repositioning of the property that focuses on curating a stronger mix of retail, dining and entertainment, while enhancing the overall …

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625-Southern-Artery
Investment salesMassachusettsNews

Atlantic Capital Partners Negotiates $5.2 Million Sale of 22,100-Square-Foot Retail Property in Metro Boston

by Abby Cox

Quincy, Mass. — Atlantic Capital Partners has negotiated the $5.2 million sale of 625 Southern Artery, a 22,100-square-foot retail property located in Quincy, roughly 10 miles south of downtown Boston. The retail building was fully leased at the time of sale to Goodwill and Pet Supplies Plus, with an additional licensing agreement with Artery Garden Center. Justin Smith, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller, The Davis Cos., in the transaction. The buyer was a private investor.

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3984 SW. 43rd St.
FloridaInvestment salesNews

Katz & Associates Brokers $4 Million Sale of Single-Tenant Restaurant Property in Gainesville, Florida

by Abby Cox

Gainesville, Fla. — Katz & Associates has brokered the $2.9 million ground lease sale of a single-tenant restaurant property located in Gainesville. Situated at 3984 SW. 43rd St., the 8,392-square-foot building is occupied by Texas Roadhouse. Michael Zimmerman of Katz & Associates represented the seller in the transaction. Chris Lind of Marcus & Millichap represented the buyer.

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Escondido-Gateway-Center
CaliforniaInvestment salesNews

Brixton Capital Purchases Escondido Gateway Shopping Center in Metro San Diego for $28 Million

by Abby Cox

Escondido, Calif. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, California-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at …

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cedar-plaza-cedartown
GeorgiaGrocery-anchoredInvestment salesNews

Delza Properties, CedarPlaza Partners Acquire Grocery-Anchored Retail Center in Northwest Georgia for $10.3 Million

by Abby Cox

Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space. Mark Joines and Drew Fleming of …

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mountain-view-shopping-center
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of Food Lion-Anchored Shopping Center in Western North Carolina for $3 Million

by Abby Cox

Hickory, N.C. — Legacy Realty Group has arranged the sale of Mountain View Shopping Center, a 43,550-square-foot shopping center located in Hickory, about 58 miles north of Charlotte. Food Lion anchors the center, which was fully leased at the time of sale. Other tenants include Hannah’s BBQ South. Built in 1988, the property spans 7 acres, according to LoopNet Inc. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented both the buyer and seller in the off-market transaction.

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1200 Poydras St.
Investment salesLouisianaNews

SRSA Negotiates $7.2 Million Sale of Ground-Floor Retail Condominium in New Orleans

by Abby Cox

New Orleans — Metairie, Louisiana-based SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with a third tenant, Juicy Seafood, expected to open soon. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction.

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Rigsby Avenue Shopping Center
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 64,200-Square-Foot Retail Center in San Antonio

by Abby Cox

San Antonio — Marcus & Millichap has brokered the sale of Rigsby Avenue Shopping Center, a 64,200-square-foot retail center located in San Antonio. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both private investors.  Constructed in 2002 on roughly 6.1 acres, Rigsby Avenue Shopping Center was fully leased at the time of sale to tenants including Alamo City Urgent Care, Brident Dental & Orthodontics, Baptist Health Systems, Avis Budget Car Rental and Cato.

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The Village at Bridgewater Commons
Investment salesNew JerseyNews

Urban Edge Properties Acquires The Village at Bridgewater Commons in Central New Jersey for $54.3 Million

by Abby Cox

Bridgewater Township, N.J. — Urban Edge Properties has acquired The Village at Bridgewater Commons, a 92,461-square-foot open-air center located in Somerset County, for $54.3 million. Built in 2006 on 12.5 acres, The Village at Bridgewater Commons is anchored by Summit Health, a medical facility that opened in a newly redeveloped building on the property in 2024. Additional tenants include Starbucks Coffee, Shake Shack, Cava, Chipotle Mexican Grill and Big Chicken. The Village at Bridgewater Commons was 98 percent leased at the time of sale and sits adjacent to Bridgewater Commons, …

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