Investment sales

Cypress Creek Village
Investment salesNewsTexas

Headwall Investments Acquires 28,566-Square-Foot Cypress Creek Village in Metro Austin

by Abby Cox

Cedar Park, Texas — Headwall Investments has acquired Cypress Creek Village, a 28,566-square-foot retail center located in Cedar Park, a northern suburb of Austin. Built in 2001 on nearly 4.5 acres, Cypress Creek Village was 82 percent leased at the time of sale to tenants including Pure Barre, Pizza Hut, Starbucks Coffee, Nathalie’s Donuts, Taco Palenque and Tuscano Italian Kitchen. Dillon Hurley of Argali CRE represented the buyer in the transaction. Shea Petrick, Erin Lazarus Myer and Kelly Anna Geiser of JLL represented the undisclosed seller. This transaction marks the …

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Castle Shops
Investment salesNewsVirginia

Prudent Growth Acquires 37,309-Square-Foot Castle Shops in Chesapeake, Virginia, for $5.4 Million

by Abby Cox

Chesapeake, Va. — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Castle Shops, a 37,309-square-foot retail strip center located in Chesapeake, for $5.4 million. Dollar Tree anchors the two-building property, which was fully leased at the time of sale. Additional tenants include CHKD Thrift Store, Boost Mobile and Liberty Tax. Jeff Fritz and Jay O’Donnell of Colliers represented the seller in the transaction. George Fox, also of Colliers, served as the leasing agent.

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Amazon facility
Investment salesMontanaNews

Hanley Investment Group Brokers Sale of 52,300-Square-Foot Single-Tenant Property Near Bozeman, Montana

by Abby Cox

Belgrade, Mont. — Hanley Investment Group Real Estate Advisors has brokered the sale of a newly constructed, single-tenant property located within the master-planned community of The Foundry in Belgrade, approximately 11 miles northwest of Bozeman. An Amazon facility occupies the 52,300-square-foot building. Eric Wohl and CJ Kiehler of Hanley, in association with locally based Venture West Development LLC, represented the seller. Samer Khalil of Newmark represented the buyer, a New York-based private 1031 exchange investor. The sales price was not disclosed.

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GeorgiaGrocery-anchoredInvestment salesNews

ShopOne, Partners Acquire Stockbridge Lakes Shopping Center in Metro Atlanta

by Abby Cox

Stockbridge, Ga. — A joint venture between ShopOne Centers REIT Inc., Pantheon and an undisclosed global institutional investor have purchased Stockbridge Lakes, a 78,605-square-foot shopping center located in Stockbridge, roughly 20 miles southeast of Atlanta. The seller and sales price were not disclosed, but the Atlanta Business Chronicle reports Marietta, Georgia-based Retail Planning Corp. was the seller. Publix anchors the shopping center, which also houses Burn Boot Camp, Great Clips, Dr. Brown Pediatric Dentistry and Domino’s Pizza. Stockbridge Lakes has approximately 9,000 square feet of available space.

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Investment salesNewsTennessee

CenterSquare Sells 22,268-Square-Foot Brentwood Corners in Suburban Nashville

by Abby Cox

Brentwood, Tenn. — Conshohocken, Pennsylvania-based CenterSquare has sold Brentwood Corners, a 22,268-square-foot retail center located in Brentwood, approximately 11 miles south of downtown Nashville. GBT Realty Corp. purchased the center for $10.4 million, as reported by the Nashville Business Journal. Built in 1988 and renovated in 2023, Brentwood Corners was 100 percent leased at the time of sale to tenants including Serrato’s Steakhouse, Jefferson’s Restaurant, Iron Tribe Fitness and the newly opened 100 Pizza. CenterSquare originally acquired Brentwood Corners in late 2022 at 83 percent occupancy.

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The Shops at Laguna Reserve
CaliforniaGrocery-anchoredInvestment salesNews

Bershon Realty Co. Acquires The Shops at Laguna Reserve in Metro Sacramento for $19.2 Million

by Abby Cox

Elk Grove, Calif. — Los Angeles-based private investment company Bershon Realty Co. LP has acquired The Shops at Laguna Reserve, a 33,308-square-foot shopping center located in Elk Grove, approximately 15 miles south of Sacramento. The purchase price was $19.2 million. The Shops at Laguna Reserve features six pad buildings, along with a Safeway that shadow anchors the property.  Safeway was not included in the transaction. Other tenants at the center — which was fully leased at the time of sale — include Starbucks Coffee, Pacific Dental, Bank of America and Round …

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Baldwin Shopping Center
Investment salesNew JerseyNews

Marcus & Millichap Negotiates $18.5 Million Sale of Baldwin Shopping Center in Northern New Jersey

by Abby Cox

Parsippany, N.J. — Marcus & Millichap has arranged the $18.5 million sale of Baldwin Shopping Center, a 45,135-square-foot retail center located in the Northern New Jersey community of Parsippany, for $18.5 million. Built in 1970 and renovated in 2012, Balwin Shopping Center was fully occupied at the time of sale. Tenants include Walgreens, Concentra, Enterprise Rent-A-Car and State Farm. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer in the transaction. Bill Schlossman of Castle Real Estate Services was the listing agent …

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Hillside Town Center
IllinoisInvestment salesNews

JLL Arranges Sale of 160,330-Square-Foot Retail Center in Metro Chicago

by Abby Cox

Hillside, Ill. — JLL Capital Markets has arranged the sale of Hillside Town Center, a 160,330-square-foot open-air retail center located in Hillside, roughly 15 miles west of Chicago. Target shadow anchors Hillside Town Center, which spans six buildings and was 99 percent leased at the time of sale. Other tenants include HomeGoods, Ross Dress for Less, Michaels, Petco and Planet Fitness, who recently signed a new 10-year lease. Michael Nieder and Brian Page of JLL’s Investment Sales and Advisory team represented the seller, Hartford, Connecticut-based Hutensky Capital Partners, in the transaction. …

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Shops of Edelweiss Village
Investment salesMichiganNews

SRS Real Estate Brokers Sale of 51,857-Square-Foot Retail Property in Gaylord, Michigan, for $7.6 Million

by Abby Cox

Gaylord, Mich. — SRS Real Estate Partners has brokered the sale of the Shops of Edelweiss Village, a 52,857-square-foot retail property located in Gaylord, for $7.6 million. Built in 2004 on nearly 13 acres, Dollar Tree anchors the center, which was 78 percent occupied at the time of sale. Additional tenants include Pet Supplies Plus, Kay Jewelers, AT&T and Sally Beauty. Matthew Mousavi and Patrick Luther of SRS represented the seller, a Michigan-based family partnership. Kevin Jappaya and David Jappaya of KJ Commercial Real Estate Advisors represented the buyer, a Michigan-based group …

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Olde Towne Grayson
GeorgiaInvestment salesNews

FrostPoint Capital Acquires 13,896-Square-Foot Retail Strip Center in Suburban Atlanta

by Abby Cox

Grayson, Ga. — West Palm Beach, Florida-based FrostPoint Capital has acquired Olde Towne Grayson, a 13,896-square-foot retail strip center in Grayson, a northeast suburb of Atlanta in Gwinnett County. The property, which FrostPoint is rebranding as Grayson Square, was fully leased at the time of sale to tenants including AutoZone, Lendmark Financial, Little Caesars Pizza, JB’s Barbershop and Katie’s Sports Bar & Grill. Marc Irvin and Matthew Welch of Marcus & Millichap brokered the transaction. The seller and sales price were not disclosed.

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