Investment sales

Sky Zone
CaliforniaEntertainmentInvestment salesNews

Hanley Investment Group Negotiates Sale of Single-Tenant Retail Property in Metro Los Angeles for $8.8 Million

by Abby Cox

Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $8.8 million sale of a single-tenant retail property located in Santa Clarita, approximately 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, Sky Zone Trampoline Park occupies the 30,624-square-foot retail property on a new long-term lease. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, in the transaction.

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Sprouts Farmers Market
Investment salesLeasingNewsTexas

JLL Arranges Sale of Retail Property Leased to Sprouts in Suburban Houston

by Abby Cox

Richmond, Texas — JLL Capital Markets has arranged the sale of a newly constructed, 23,256-square-foot retail property leased to Sprouts Farmers Market in Richmond, a southwestern suburb of Houston. Sprouts anchors Waterview Town Center, a 143-acre mixed-use development that will feature more than 1 million square feet of retail space upon completion. JLL represented the seller, GBT Realty, in the transaction. JRW Realty represented the buyer, Southern California-based ExchangeRight. Sprouts Farmers Market — which is on track to open 35 locations in 2025 — also has 130 approved stores in …

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Annapolis Town Center
Investment salesMarylandNews

Federal Realty Acquires Retail Portion of Annapolis Town Center for $187 Million

by Abby Cox

Annapolis, Md. — Federal Realty has acquired the 480,000-square-foot retail component of Annapolis Town Center, a mixed-use development located in Parole, a suburb of Annapolis, for $187 million. Whole Foods Market anchors the center, which was 89 percent leased at the time of sale, according to the Baltimore Business Journal. Additional tenants include Anthropologie, Sephora, Restoration Hardware, Starbucks Coffee, P.F. Chang’s and Williams Sonoma, as well as a Life Time athletic club. Annapolis Town Center originally opened in 2008 and totals roughly 2 million square feet of office, retail and …

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DICK’S Sporting Goods
CaliforniaInvestment salesNews

Hanley Investment Group Brokers $25 Million Sale of Two-Tenant Retail Property in Metro Los Angeles

by Abby Cox

Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of a two-tenant retail property located in Santa Clarita, roughly 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, the 83,953-square-foot property is occupied by DICK’S Sporting Goods and Burlington. DICK’S has extended its lease and remodeled its store. Meanwhile, Burlington has acquired the lease previously held by JOANN after its bankruptcy. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, …

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Republic Square
Investment salesNewsTexas

Disney Investment Arranges Sale of Republic Square in Metro Austin

by Abby Cox

Georgetown, Texas ­— Disney Investment Group (DIG) has arranged the sale of Republic Square, a 113,772-square-foot neighborhood shopping center located in Georgetown, approximately 27 miles north of Austin. Republic Square features 34 tenants, including Harbor Freight, Dollar Tree, Starbucks Coffee, Chipotle Mexican Grill, Pizza Hut, One Main Financial and Subway. Built in 1974, the property is situated on nearly 73 acres, according to LoopNet Inc. David Disney and Adam Crockett of DIG represented the California-based seller and procured the Texas-based buyer in the transaction. The price was not disclosed.

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Heisman Square
Grocery-anchoredInvestment salesNewsOklahoma

STRIVE Negotiates Sale of 28,875-Square-Foot Retail Center Near Oklahoma City

by Abby Cox

Norman, Okla. — STRIVE has negotiated the sale of Heisman Square, a 28,875-square-foot retail center located in Norman, near the University of Oklahoma campus. Local grocery chain Homeland anchors the property, which was 87 percent leased at the time of sale. Other tenants at Heisman Square include Ace Hardware, Cato, At The Beach and Supercuts. Braden Bratcher and Hudson Lambert of STRIVE represented the seller, a Los Angeles-based private partnership, and sourced the buyer, a Southeast-based partnership, in the transaction. The sales price was not disclosed.

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Chipotle Mexican Grill
IllinoisInvestment salesNewsRestaurants

Boulder Group Brokers $2.6 Million Sale of Single-Tenant Restaurant Property in Chicago

by Abby Cox

Chicago — The Boulder Group has brokered the $2.6 million sale of a single-tenant restaurant property in Chicago. Situated near Lincoln Village Shopping Center, Chipotle Mexican Grill occupies the 2,160-square-foot building on a 20-year lease. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based real estate investor, and the buyer, a Southwest-based real estate investment fund, in the transaction.

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Lindsay Square
ArizonaInvestment salesNews

Kidder Mathews Arranges Sale of Lindsay Square in Suburban Phoenix for $13 Million

by Abby Cox

Gilbert, Ariz. — Kidder Mathews has arranged the $13 million sale of Lindsay Square, a 46,728-square-foot neighborhood shopping center located in Gilbert, a suburb of Phoenix. Tenants at the property include a mix of service-oriented retailers such as a daycare, fitness center, veterinary clinic, dry cleaner and specialty schools, as well as various restaurants. Jenette Bennett and Michelle Gardner of Kidder Mathews represented the buyer, a Washington-based family investment firm.

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Village Square Plaza
Investment salesNew JerseyNews

Marcus & Millichap Arranges Sale of 53,077-Square-Foot Retail Center in Metro Philadelphia for $11.4 Million

by Abby Cox

Lawrenceville, N.J. — Marcus & Millichap has arranged the $11.4 million sale of Village Square Plaza, a 53,077-square-foot retail center located in Lawrenceville, roughly 40 miles northeast of Philadelphia. First Bank anchors the two-building property, which was 97 percent leased at the time of sale to 15 tenants including Kumon and Eastern Dental. Built in 1990, Village Square Plaza is situated on nearly 8 acres. Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller in the transaction.

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Wender Plaza
Investment salesNewsTexas

TSM Ventures Acquires 63,976-Square-Foot Shopping Center in San Antonio

by Abby Cox

San Antonio — TSM Ventures Inc. has acquired Wender Plaza, a 63,976-square-foot shopping center located in San Antonio. Sprouts Farmers Market anchors the newly constructed property, which was fully leased at the time of sale. Chace Henke and Micha van Marcke of Edge Capital Markets represented the seller, a regional developer, in the transaction.

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