Investment sales

Buccaneer Square
FloridaGrocery-anchoredInvestment salesNews

TSCG Negotiates $12.7 Million Sale of Buccaneer Square in Tampa, Florida

by Abby Cox

Tampa, Fla. — TSCG has negotiated the $12.7 million sale of Buccaneer Square, a 103,813-square-foot shopping center located in Tampa. Aldi anchors Buccaneer Square, which was 91 percent leased at the time of sale. Additional tenants include Harbor Freight Tools, Boot Barn and Five Below. CVS Pharmacy and Chick-fil-A occupy separate outparcels at the property that were not included in the sale. Originally built in 1970 and renovated in 2000, Buccaneer Square sits on roughly 8.5 acres. Anthony Blanco of TSCG represented the seller, a private partnership, in the transaction. The …

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Butterfield Station
CaliforniaGrocery-anchoredInvestment salesNews

SRS Real Estate Arranges $9.8 Million Sale of 30,057-Square-Foot Retail Property in Southern California

by Abby Cox

Temecula, Calif. —SRS Real Estate Partners has arranged the $9.8 million sale of a single-tenant retail property situated within Butterfield Station, a 70,455-square-foot grocery-anchored retail center in Temecula. Fitness 19 occupies a 30,057-square-foot building at the center. This transaction completes the $26.5 million, four-parcel break-up strategy of Butterfield Station. As part of the break-up, in 2024, a 30,038-square-foot Smart & Final grocery store sold for $11.5 million, while a 5,360-square-foot multi-tenant strip center sold for roughly $2.3 million. The last of the properties included in the break-up was the 5,000-square-foot …

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NorthPark Center
FinanceInvestment salesNewsTexas

JLL Arranges $1.2 Billion Refinancing for NorthPark Center in Dallas

by Abby Cox

Dallas — JLL Capital Markets has arranged $1.2 billion loan for the refinancing of NorthPark Center, a 1.9 million-square-foot super-regional shopping center located in Dallas. Originally developed in 1965, NorthPark Center features more than 190 tenants including Neiman Marcus, Nordstrom, Macy’s, Dillard’s and Eataly, as well as a 15-screen AMC theater. The property is currently 98.6 percent leased. Timothy Joyce, Trey Morsbach and Matt Maksymec of JLL’s Debt Advisory team arranged the financing on behalf of the borrower, NorthPark Management Co. Wells Fargo, Morgan Stanley and Goldman Sachs provided the loan. The new loan will pay …

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CaliforniaGrocery-anchoredInvestment salesNews

Newmark Pacific Negotiates $45.5 Million Sale of Conejo Valley Plaza in Metro Los Angeles

by Abby Cox

Thousand Oaks, Calif. — Newmark Pacific has negotiated the $45.5 million sale of Conejo Valley Plaza, a 127,032-square-foot shopping center located in Thousand Oaks, approximately 38 miles west of Los Angeles. A Ralphs grocery store and Bank of America anchor the center, which was 68 percent leased at the time of sale. Additional tenants include Marshalls, HomeGoods and CVS Pharmacy. Pete Bethea, Rob Ippolito and Glenn Rudy represented the sellers, two entities doing business as Conejo Valley Plaza 1 LLC and Conejo Valley Plaza 2 LLC, in the transaction.

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CityCentre
Investment salesMixed-useNewsRestaurantsRetailersTexas

MetroNational Acquires 309,144-Square-Foot Retail Component of CityCentre in Houston

by Abby Cox

Houston — Locally based MetroNational has acquired the 309,144-square-foot retail component of CityCentre, a mixed-use development in Houston. The retail portion of the property frames a central green space and features roughly 24 food and beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. In addition, MetroNational has also partnered with Radom Capital to …

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321 Starr Street
Investment salesNew YorkNews

Marcus & Millichap Negotiates $17.5 Million Sale of Retail Property in Brooklyn

by Abby Cox

Brooklyn, N.Y. — Marcus & Millichap has negotiated the sale of 321 Starr Street, a 26,624-square-foot retail property located in the Brooklyn neighborhood of Bushwick, for $17.5 million. Renovated in 2017, the 10-unit retail property includes 7,000 square feet of rooftop space on the second floor, as well as 321 square feet of ground-floor outdoor seating. Tenants include MetroRock, 48 Cypress and New York Film Lab, along with a mix of food, beverage and specialty retailers. Shaun Riney, Michael Salvatico, Scott Plasky and Alexander Arustamanian of Marcus & Millichap represented …

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Bobcat Crossing
Investment salesNewsTexas

CBRE Brokers Sale of 29,309-Square-Foot Bobcat Crossing in Metro Dallas

by Abby Cox

Celina, Texas — CBRE has brokered the sale of Bobcat Crossing, a 29,309-square-foot retail center located in the North Texas city of Celina, roughly 40 miles north of Dallas. The center is located within the Carter Ranch master-planned development and is home to 13 tenants, including Sherwin-Williams and Subway. Michael Austry and Jared Aubrey of CBRE represented the seller, Standridge Cos., in the transaction. The buyer was Houston-based investment firm Stablewood.

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HEB grocery store
Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 439,569-Square-Foot Northwoods Shopping Center in San Antonio

by Abby Cox

San Antonio — A joint venture between MCB Real Estate, Epic Real Estate Partners and Centerbridge Partners L.P.  has acquired Northwoods Shopping Center, a 439,569-square-foot lifestyle center in San Antonio. An HEB grocery store anchors the property and has operated at the site since its development in 1996. Additional tenants at the center, which was 91 percent leased at the time of sale, include Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy and Ulta Beauty. Truist Bank financed the acquisition.

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Metropark Square
EntertainmentInvestment salesMixed-useNewsRestaurantsRetailersTexas

STRIVE Brokers Sale of 173,000-Square-Foot Metropark Square in Metro Houston

by Abby Cox

Shenandoah, Texas — STRIVE has brokered the sale of Metropark Square, a 173,000-square-foot mixed-use development located in Shenandoah, roughly 30 miles north of downtown Houston. Dave & Buster’s, AMC Theatre and a Hyatt House hotel anchor the center, which features a mix of dining, entertainment and service-oriented retailers across 70 acres. Tenants include Martinis & Manicures, Top Sushi, Escapology, Black Bear Diner, Salons by JC, Aesthetic Smiles Dentistry and Crawfish Café. Jake Dutson and Jennifer Pierson of STRIVE represented the seller and developer, Frisco, Texas-based Sam Moon Group. STRIVE also procured …

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9 West Plaza
Investment salesMassachusettsNews

Atlantic Capital Partners Arranges $10 Million Sale of 9 West Plaza in Metro Boston

by Abby Cox

Westborough, Mass. — Atlantic Capital Partners has arranged the $10 million sale of 9 West Plaza, a 35,371-square-foot neighborhood retail center located in Westborough, approximately 28 miles west of downtown Boston. Tenants at the property include Dollar Tree, Chipotle Mexican Grill, PetMedic, Jersey Mike’s, FedEx and Smileland Pediatric Dentistry. Built in 1983, the center is situated on 5 acres, according to LoopNet Inc. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital represented the seller in the transaction. Will Kelleher of Kelleher Sadowsky represented the buyer.

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