Investment sales

Mockingbird Central Plaza
Investment salesNewsTexas

DIG Negotiates Sale of 79,885-Square-Foot Shopping Center in Dallas 

by Abby Cox

Dallas — Disney Investment Group (DIG) has negotiated the sale of Mockingbird Central Plaza, a 79,885-square-foot shopping center located in the Highland Park area of Dallas. Situated near Southern Methodist University, the center is 98 percent leased and features a mix of 22 tenants including Whole Earth Provision, Jason’s Deli, Mattress Firm, Run On, Uptown Cheapskate and a recently signed Chipotle, which is expected to open in 2026. David Disney and Adam Crockett of DIG represented the locally based seller, Corsair Property Co., and procured the buyer, shopping center REIT Curbline …

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Paradise Esplanade
Investment salesNevadaNews

JLL Arranges $46.4 Million Sale of Paradise Esplanade in Las Vegas MSA

by Abby Cox

Paradise, Nev. — JLL Capital Markets has arranged the $46.4 million sale of Paradise Esplanade, a 58,727-square-foot neighborhood shopping center located in Paradise, roughly 11 miles south of the Las Vegas Strip and adjacent to the University of Nevada-Las Vegas. CVS Pharmacy and Ferraro’s Italian Restaurant & Wine Bar anchor the two-building property, which was 89 percent leased at the time of sale. Daniel Tyner and Gleb Lvovich of JLL’s Investment Sales and Advisory team represented the private seller in the transaction. The buyer was a Los Angeles-based private family office.

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Disston Plaza
FloridaGrocery-anchoredInvestment salesNews

Joint Venture Acquires 129,150-Square-Foot Shopping Center in St. Petersburg, Florida, for $31.4 Million

by Abby Cox

St. Petersburg, Fla. — A joint venture between AEW Capital Management (AEW), Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the seller.  Publix anchors Disston Plaza, …

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Broadway Commons
Investment salesMinnesotaNews

Mid-America Brokers Sale of Broadway Commons in Rochester, Minnesota

by Abby Cox

Rochester, Minn. — Mid-America Real Estate Corp. has brokered the sale of Broadway Commons, a 136,757-square-foot regional shopping center located in Rochester near the Mayo Clinic. Shadow anchored by Kohl’s and Walmart, the property was fully leased at the time of sale. Other tenants include Total Wine & More, DSW, Petco, Five Below, Michaels, Famous Footwear and Boot Barn. Joe Girardi, Amy Senn, Emily Gadomski and Bryce Thompson of Mid-America represented the seller, Epic Real Estate Partners, in the transaction. The buyer and sales price were not disclosed.

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Wawa in Newtown, Pa.
Investment salesNewsPennsylvania

Marcus & Millichap Negotiates $27 Million Sale of Wawa Portfolio in Pennsylvania

by Abby Cox

Pa. — Marcus & Millichap has negotiated the $27 million sale of a four-property Wawa convenience store portfolio in Pennsylvania. The portfolio includes two 5,000-square-foot buildings in Newtown and Pottstown; a 5,585-square-foot building in Warrington; and a 2-acre property in Fairless Hills. Scott Woodard and Derrick Dougherty of Marcus & Millichap brokered the sale on behalf of the 1031 exchange buyer, a Bucks County, Pennsylvania-based private investor. The sellers were a mix of large regional and local owners and developers.

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North Park Marketplace
Investment salesKentuckyNews

Palomar Group Facilitates Sale of 46,647-Square-Foot Retail Center in Lexington, Kentucky

by Abby Cox

Lexington, Ky. — The Palomar Group has facilitated the sale of North Park Marketplace, a 46,647-square-foot retail center located in Lexington. Ross Dress for Less anchors the property, which was 97 percent leased at the time of sale. Additional tenants include Rainbow Southeast Leasing, GameStop, Domino’s Pizza, Sally Beauty Supply and Sprint. An Arby’s outparcel is also located at the site. Steve Collins of The Palomar Group represented the seller, an affiliate of Yale Realty Services, in the transaction. The buyer was a Delaware Statutory Trust investor group.

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Walmart Neighborhood Market
FloridaGrocery-anchoredInvestment salesNews

Colliers Negotiates Sale of 103,830-Square-Foot Retail Center in Orlando, Florida

by Abby Cox

Orlando, Fla. — Colliers has negotiated the sale of the Shoppes at South Semoran, a 103,830-square-foot retail center located in Orlando, six miles directly north of the Orlando International Airport. Originally built in 1986, the property was renovated in 2013 with façade enhancements, as well as signage and parking lot improvements. Walmart Neighborhood Market anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Dollar Tree, Wendy’s and Suncoast Credit Union. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, an affiliate of …

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ArizonaInvestment salesNews

Cohen & Steers, Sterling Organization Acquire Deer Valley Towne Center in Metro Phoenix 

by Abby Cox

Deer Valley, Ariz. — A joint venture between Cohen & Steers Income Opportunities REIT (CNSREIT) and Sterling Organization has acquired Deer Valley Towne Center, a 159,000-square-foot open-air shopping center located in the Deer Valley neighborhood of Phoenix. Target shadow anchors the center, which is situated across from Phoenix General Hospital and PetSmart’s corporate headquarters. The property is more than 94 percent leased to tenants including Five Below, Ross Dress For Less, Dollar Tree, PetSmart, Michaels, Jersey Mike’s, Panda Express, Chipotle, Sola Salon Studios, GNC and Bath & Body Works. This transaction …

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Weberstown Mall
CaliforniaInvestment salesNews

Mershops Acquires Weberstown Mall in Stockton, California, for $50.8 Million 

by Abby Cox

Stockton, Calif. — Family-owned real estate platform Mershops has acquired Weberstown Mall, an 800,000-square-foot regional shopping center located in Stockton, for $50.8 million. Originally opened in 1966, the center is anchored by JCPenney, Dillard’s and Barnes & Noble. Other tenants include Old Navy, Five Below, BoxLunch, Foot Locker, Lids, Victoria’s Secret and Journeys. Steerpoint Capital brokered the sale on behalf of Mershops. The seller was Washington Prime Group. This transaction marks Mershops’ sixth enclosed shopping center acquisition across California and Nevada. Mershops’ current portfolio includes North County Mall in Escondido, California; …

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Shaw's Supermarket
Investment salesNew HampshireNews

CrownPoint Partners Facilitates $7.5 Million Sale of Single-Tenant Retail Property in Concord, New Hampshire

by Abby Cox

Concord, N.H. — CrownPoint Partners has facilitated the $7.5 million sale of a single-tenant retail property located at 20 D’Amante Drive in Concord. Shaw’s Supermarket has occupied the 65,868-square-foot building for nearly 25 years. Nearby retailers include Walmart Supercenter, Sam’s Club, ALDI, Petco, Dick’s Sporting Goods, Best Buy, Michaels and Ocean State Job Lot. Julius Swolsky and Shannon Bona of CrownPoint Partners, in association with ParaSell, Inc., represented the seller, an entity doing business as Concord D’Amante LLC and an affiliate of ARCTRUST, in the all-cash transaction. Horvath & Tremblay represented …

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