Investment sales

Marcus & Millichap Brokers $2.7 Million Sale of Single-Tenant Retail Property in Metro Atlanta

by Abby Cox September 4, 2025

Acworth, Ga. — Marcus & Millichap has brokered the $2.7 million sale of a newly built, single-tenant retail property located in Acworth, a northwest suburb of Atlanta. Whataburger occupies the 3,318-square-foot freestanding restaurant, which features a double drive-thru, on a 15-year corporate ground lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, an unnamed developer based in Georgia, in the transaction. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap procured the unnamed buyer. The Whataburger restaurant was delivered in April and is adjacent to …

September 4, 2025

Grocery-anchored Indiana Investment sales News

Mid-America Brokers Sale of 182,051-Square-Foot Shopping Center in Fort Wayne, Indiana

by Abby Cox September 2, 2025

Fort Wayne, Ind. — Mid-America Real Estate Corp. has brokered the sale of Covington Plaza, a 182,051-square-foot community center located in Fort Wayne. The center is anchored by The Fresh Market and features a mix of additional tenants including Pet Supplies Plus, Tequila Mexican Cantina, Cap n’ Cork, Christopher James Menswear and Catablu Grille. Ben Wineman, Joe Girardi, Rick Drogosz and Eric Geskermann of Mid-America represented the seller, Broad Reach Retail Partners, in the transaction. The buyer was Charleston, South Carolina-based Ziff Real Estate Partners.

September 2, 2025

Investment sales News North Carolina

Prudent Growth Sells Rolesville Town Center Near Raleigh, North Carolina, for $4.5 Million

by Abby Cox September 2, 2025

Rolesville, N.C. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold Rolesville Town Center, a 19,500-square-foot neighborhood shopping center located in Rolesville, a suburb of Raleigh. The property sold for $4.5 million. Tenants at the center include Megan Nails, Kruse Chiropractic, Black & White Coffee Roasters, Pizza Hut and Rolesville Equipment Co. Additional details of the transaction were not disclosed. Prudent originally purchased Rolesville Town Center in September 2021 for $3.1 million.

September 2, 2025

Illinois Investment sales News

Quantum Arranges $2.8 Million Sale of Retail Center in Aurora, Illinois

by Abby Cox September 2, 2025

Aurora, Ill. — Locally based Quantum Real Estate Advisors Inc. has arranged the $2.8 million sale of Eola Crossing, a 14,238-square-foot retail center located in Aurora, roughly 40 miles west of Chicago. At the time of sale, the property was 90 percent leased to tenants such as Subway, Dunkin’, Wing Snob and Smile Family Dental. Dan Waszak and Brett Berlin of Quantum represented the seller, a Florida-based public REIT. The buyer was an Illinois-based private investor.

September 2, 2025

California Finance Investment sales News

JLL Negotiates $34.9 Million Sale of Waterfront Retail Center in San Diego

by Abby Cox August 29, 2025

San Diego — JLL Capital Markets has arranged the $34.9 million sale and financing of The Headquarters, a 73,823-square-foot open-air shopping center in San Diego’s Marina District at the entrance to Seaport Village. A private real estate investment firm sold the property to a private real estate partnership. The Headquarters, formerly the San Diego Police headquarters complex, was completely repositioned in 2013 and features a mix of food and beverage, daily needs and apparel tenants. The property was 83.3 percent leased at the time of sale. Current tenants include Eddie …

August 29, 2025

California Investment sales News

Marcus & Millichap Brokers $8 Million Sale of Single-Tenant Retail Property in Silicon Valley

by Abby Cox August 29, 2025

Morgan Hill, Calif. — Marcus & Millichap has brokered the $8 million sale of a single-tenant retail property located at 18590 Skipper Lane in Morgan Hill. Built in 2021 on a 1.3-acre lot, 7-Eleven occupies the 3,700-square-foot property. Darpan Patel, James Defusto and Dan Yozwiak of Marcus & Millichap represented the seller in the deal. Tony Solomon of Marcus & Millichap served as broker of record in California.

August 29, 2025

Grocery-anchored Investment sales News South Carolina

JLL Arranges $14.3 Million Refinancing for Shopping Center Near Charleston, South Carolina

by Abby Cox August 28, 2025

Mount Pleasant, S.C. — JLL Capital Markets has arranged $14.3 million in refinancing for The Plaza at East Cooper, a 102,731-square-foot shopping center located in Mount Pleasant, roughly two miles from downtown Charleston. Eric Tupler, Rob Bova and Ellie Savage of JLL’s Debt Advisory team, along with Alexis Kaiser of JLL’s Charlotte office, represented the borrower, Bamoza LLC, in securing the loan through an insurance company lender. ALDI anchors The Plaza at East Cooper, which was 85 percent leased at the time of sale. Other tenants include Firehouse Subs, Batteries …

August 28, 2025

Investment sales New York News

Private Venture Acquires Retail Portion of Former New York Times Building for $28 Million, Plans Redevelopment

by Abby Cox August 28, 2025

New York City — A Delaware-based private venture doing business as Forum at Times Square has acquired 245,419 square feet of retail space in the former New York Times building for $28 million. Jack Stillwagon and Doug Middleton of CBRE Capital Markets brokered the transaction. Jay Miller and AJ Felberbaum of BayBridge Real Estate Capital represented the buyer. Since 2020, the property’s mortgage has been in various stages of special servicing, foreclosure and receivership, prior to being acquired by the lender group in a 2024 foreclosure auction. The retail portion of the building — which …

August 28, 2025

Florida Investment sales News

Marcus & Millichap Brokers $4.2 Million Sale of Development Site in Miami

by Abby Cox August 28, 2025

Miami — Marcus & Millichap has brokered the $4.2 million sale of an 11,042-square-foot development site located in the Little Havana neighborhood of Miami. Formerly home to the Wagon Wheel Motel, the site is situated within the Arts and Entertainment district. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, along with Nicholas Hassan, also of Marcus & Millichap.

August 28, 2025

Freestanding retail building in Palm Desert

California Investment sales News

Progressive Real Estate Partners Negotiates $1.8 Million Sale of Retail Property in Southern California

by Abby Cox August 28, 2025

Palm Desert, Calif. — Progressive Real Estate has negotiated the $1.8 million sale of a 5,000-square-foot freestanding retail building located in the Downtown Edge District of Palm Desert. The buyer, a family that owns and operates the neighboring Shiraz Rug Co., acquired the building to expand the store’s operations by an additional 5,000 square feet. Heather Sharp of Progressive arranged the sale.

August 28, 2025

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