Richmond, Mich. — Legacy Realty Group Advisors has arranged the $4.6 million sale of Lenox Square Shopping Center, a 95,722-square-foot property located in Richmond. Family Farm and Home anchors the center. Jacob Baruch and Jonah Warshaw of Legacy represented both the buyer and seller in the transaction.
McComb, Miss. — Marcus & Millichap has brokered the $2.6 million sale of Delaware West Shopping Center, a retail center located in McComb. Harps Foods anchors the property, which totals 54,450 square feet and was leased to eight tenants at the time of sale. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a Tennessee-based developer, in the transaction. Mickey Davis, the firm’s broker of record, assisted in closing the sale.
New York City — J.P. Morgan Real Estate Income Trust (JPMREIT) has acquired a 95 percent interest in Shops at Grand Avenue, a 99,837-square-foot retail center located in Queens in New York City, from Acadia Realty Trust. Stop & Shop anchors the property, which was fully leased at the time of the acquisition. The purchase price was $48 million.
Geneva, Ill. — Lamar Cos., in partnership with Real Capital Solutions, has acquired Geneva Commons, a 440,370-square-foot shopping center in the Chicago suburb of Geneva. Dick’s Sporting Goods and Barnes & Noble anchor the property. Other tenants at the center include Sephora, Athleta, Lovesac, Williams Sonoma, Pottery Barn, Bath & Body Works, J. Crew Factory and First Watch. Lamar plans to implement capital improvements to the property.
Sayreville, N.J. — Marcus & Millichap has brokered the $7.2 million sale of a 25,898-square-foot retail center located in Sayreville, about 40 miles south of Manhattan. QuickChek anchors the property, which was 97 percent leased at the time of sale to 14 tenants. Ala Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller and procured the buyer in the transaction.
Casa Grande, Ariz. — SRS Real Estate Partners has arranged the $7.7 million sale of the former Casa Grande Mall in Casa Grande, roughly 50 miles outside Phoenix. Totaling 221,328 square feet, the property was formerly anchored by Kmart, Big Lots and a movie theater. Brian Polachek of SRS represented the buyer, Hinkson Co. LLC, in the transaction. Hinkson Co. plans to redevelop the property.
Romeoville, Ill. — PMAT Cos. has acquired The Shops of Romeoville, an 82,660-square-foot retail center located in the Chicago suburb of Romeoville. Tenants at the property, which was 65 percent occupied at the time of sale, include T.J.Maxx, Petco and Discovery Clothing. Since purchasing the center in December 2023, PMAT has renewed existing anchor tenancy and executed a new long-term lease with Ross Dress for Less.
Jacksonville, Fla. — Marcus & Millichap has brokered the $5.1 million sale of Dunn Ave Plaza, a 42,570-square-foot shopping center located in Jacksonville. Situated on 3.4 acres, the property was 67 percent leased at the time of sale to 26 tenants. Simon Grigoryan and Edwinn Bruchman of Marcus & Millichap represented the seller and procured the buyer in the transaction.
Garden Grove, Calif. — Strategic Retail Advisors (SRA) has brokered the $18 million sale of a retail building located in Garden Grove. The property totals 46,287 square feet. OC Freedomhouse Church acquired the building, which formerly housed a Walmart Neighborhood Market, from a private investor. Blaine Bush of SRA arranged the transaction.
Spring, Texas — CenterSquare lnvestment Management has acquired Gleannloch Crossing, a 32,797-square-foot retail center located in the northern Houston suburb of Spring. The site is located at the intersection of Grand Parkway and Champion Forest Drive. The property was fully leased at the time of sale to tenants including MOD Pizza, The UPS Store, Subway, Gleannloch Family Dentist, Smoothie King and Salons by JC.
