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Investment sales

Cain Creek Shopping Center
Grocery-anchoredInvestment salesNewsVirginia

Legacy Realty Group Brokers Sale of 59,410-Square-Foot Shopping Center in Danville, Virginia

by Abby Cox

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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Company newsFinanceGeorgiaInvestment salesNews

RCG Ventures Acquires First Phase of $1.8 Billion Retail Portfolio

by Abby Cox

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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CaliforniaInvestment salesNews

JLL Arranges $12.4 Million Sale of Retail Property in Los Angeles

by Abby Cox

Los Angeles — JLL Capital Markets has arranged the $12.4 million sale of the Silver Lake Collection, a retail property located in the Silver Lake neighborhood of Los Angeles. Originally built in 1934 and renovated in 2023, the property comprises five street-front stores totaling 10,876 square feet. The property is fully leased to a mix of food-and-beverage concepts including Counter Culture Coffee, El Condor and Yi Cha. Tim Kuruzar of JLL Capital Markets represented the seller, Strategic Realty Trust, in the transaction, while Matthew Fainchstein of JLL represented the undisclosed …

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Exton Square
Investment salesNewsPennsylvania

JLL Brokers $34.3 Million Sale of Shopping Center in Exton, Pennsylvania

by Abby Cox

Exton, Pa. — JLL Capital Markets has brokered the $34.3 million sale of Exton Square, a 990,000-square-foot super-regional shopping center located in the Philadelphia suburb of Exton. Abrams Realty & Development acquired the property from PREIT. Originally built in 1973, the 75-acre center was renovated in 2000. The property — which is shadow anchored by Whole Foods Market — features tenants including Boscov’s, Macy’s, Main Line Health and Round1 Entertainment. Jim Galbally, David Monahan, Patrick Higgins and Fran Coyne of JLL represented the seller in the transaction.

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James Livingston Centre
Investment salesNewsOhio

American Commercial Realty Obtains 215,000-Square-Foot Retail Portfolio in Columbus, Ohio

by Abby Cox

Columbus, Ohio — American Commercial Realty (ACR) has obtained a retail portfolio totaling approximately 215,000 square feet across seven shopping centers in Columbus. The properties include Village Centre, Beechcroft Centre, James Livingston Centre, Main Hamilton Centre, 5156 E. Main St. Centre, Wyandotte Centre and McNaughten Center. Alex Marsh of The Robert Weiler Co. will manage leasing at the properties on behalf of the new ownership.

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The Station at Riverdale Park
Grocery-anchoredInvestment salesMarylandMixed-useNews

First Washington Realty Acquires 163,000-Square-Foot Shopping Center in Riverdale Park, Maryland

by Abby Cox

Riverdale Park, Md. — First Washington Realty has acquired a 163,000-square-foot shopping center in the Washington, D.C. suburb of Riverdale Park. The shopping center, which is situated within the mixed-use district of The Station at Riverdale Park, is anchored by Whole Foods Market. Additional tenants at the shopping center include Burton’s Grill, Starbucks Coffee, Gold’s Gym and Jersey Mike’s. Amrit Chase negotiated the transaction on behalf of First Washington Realty on an internal basis.

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Habersham Village
GeorgiaInvestment salesNews

Cushman & Wakefield Arranges Sale of 146,544-Square-Foot Shopping Center in Cornelia, Georgia

by Abby Cox

Cornelia, Ga. — Cushman & Wakefield has arranged the sale of Habersham Village, a 146,544-square-foot shopping center located in Cornelia. Morrison Group acquired the property for an undisclosed price. The property was recently redeveloped to accommodate four anchor tenants including T.J. Maxx, Michaels, Planet Fitness and Bealls. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the seller, an affiliate of Atlanta-based Vanguard Associates, Inc., in the transaction.

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Wood River Plaza
IllinoisInvestment salesNews

Broad Reach Retail Partners Sells 65,838-Square-Foot Shopping Center in Metro St. Louis

by Abby Cox

Wood River, Ill. — Broad Reach Retail Partners has sold Wood River Plaza, a 65,838-square-foot shopping center located in Wood River, approximately 15 miles northeast of downtown St. Louis. Broad Reach originally acquired the property in 2017. The center — which was 88.4 percent leased at the time of sale — is shadow-anchored by a Walmart Supercenter. Tenants at the property include Five Below, Edward Jones, Great Clips, Subway, Sally Beauty, Dollar Tree, H&R Block, America’s Best Contacts & Eyeglasses, Help at Home and GameStop.

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Gateway Shoppes at Five Points
FinanceIllinoisInvestment salesNews

Marcus & Millichap Arranges Sale, Financing of Retail Property in Urbana, Illinois

by Abby Cox

Urbana, Ill. — Marcus & Millichap has brokered the $3.4 million sale of Gateway Shoppes at Five Points, a 12-suite retail property located in Urbana. Built in 2011, the center comprises two multi-tenant strip centers totaling roughly 30,000 square feet. The property was 95 percent leased at the time of sale. Jeremie Johnson and Nathan Whalen of Marcus & Millichap represented the seller, Prairie Holdings Newton LLC, in the transaction. David O’Keefe, Steve Bogoyevac and Johnathan Weir of Marcus & Millichap procured the buyer, Nikolas Chugay. Michael Derk of Marcus …

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