Investment sales

Progressive Arranges $7 Million Sale of Single-Tenant Retail Portfolio in San Bernardino, California

by Hayden Spiess October 31, 2024

San Bernardino, Calif. — Progressive Real Estate Partners has arranged the $7 million sale of a portfolio comprising four single-tenant retail properties located in San Bernardino. Situated adjacent to each other, the properties are net leased to tenants including IHOP, Wienerschnitzel, Taco Bell and 76 Gas Station. The sale also included an additional 1.5 acres of land available for future development. Lance Mordachini and Trinnie Lee of Progressive represented the seller in the transaction. Kevin Kwan of Realiv represented the buyer.

October 31, 2024

Investment sales News Texas

Marcus & Millichap Arranges Sale of 20,657-Square-Foot Retail Center in Lubbock, Texas

by Hayden Spiess October 30, 2024

Lubbock, Texas — Marcus & Millichap has arranged the sale of Fearless Plaza, a 20,657-square-foot retail center located in Lubbock. Tenants at the property include Torchy’s Tacos, Amazon, Barefoot Athletics, Tikka Shack and Hawaii Poke & Ramen. Built in 2012, the center is situated directly across from Texas Tech University. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller in the transaction.

October 30, 2024

Investment sales News North Carolina

CenterSquare Acquires 18,550-Square-Foot Retail Center in Charlotte, North Carolina

by Hayden Spiess October 30, 2024

Charlotte, N.C. — CenterSquare has acquired Riverbend Village Shops, an 18,550-square-foot retail center located in Charlotte. Comprising four buildings, the development marks the final phase of Riverbend Village, a master-planned community totaling 62,000 square feet. Tenants at the property include First Watch, Jeremiah’s Italian Ice, GoHealth Urgent Care, Vitamin Shoppe, Nana Morrison’s and Nothing Bundt Cake.

October 30, 2024

Florida Investment sales News

Cohen & Steers, Acadia Acquire 141,000-Square-Foot Retail Center in Tampa, Florida

by Hayden Spiess October 29, 2024

Tampa, Fla. — Funds managed by Cohen & Steers and Acadia Realty Trust have acquired The Walk at Highwoods, a 141,000-square-foot retail center located in Tampa. Tenants at the property, which was fully occupied at the time of sale, include HomeGoods, Michael’s, Dunkin’ Donuts, F45 Training and European Wax Center. “Open-air shopping centers are well positioned entering a new economic cycle, given robust demand and limited new retail construction,” says James Corl, head of the private real estate group at Cohen & Steers.

October 29, 2024

Investment sales News South Carolina

IPA Brokers $18.8 Million Sale of Shopping Center Near Hilton Head Island in South Carolina

by Hayden Spiess October 29, 2024

Bluffton, S.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $18.8 million sale of Bluffton Target Center, a shopping center located in Bluffton, approximately seven miles west of Hilton Head Island. Built in 2001, the property totals 100,314 square feet. Tenants at the center, which was fully leased at the time of sale, include Dick’s Sporting Goods, Staples and Starbucks Coffee. Zach Taylor of IPA represented the seller, Stafford Bluffton LLC, in the transaction and procured the buyer, Tarantino Properties Inc.

October 29, 2024

Grocery-anchored Investment sales News Texas

DNA Partners Sells 96,486-Square-Foot Retail Center in Houston

by Hayden Spiess October 29, 2024

Houston — DNA Partners has sold Mason Village Shopping Center, a 96,486-square-foot retail center located in Houston. Grocer La Michoacana anchors the center, and other tenants at the property include Harbor Freight, Freebirds, Jiffy Lube and Jason’s Deli. Ryan West, John Indelli and Clay Anderson of JLL Capital Markets represented the seller in the transaction. Longpoint Realty Partners acquired the property for an undisclosed price.

October 29, 2024

Florida Grocery-anchored Investment sales News

Cushman & Wakefield Brokers Sale of 85,865-Square-Foot Retail Center in Metro Tampa

by Hayden Spiess October 28, 2024

Port Richey, Fla. — Cushman & Wakefield has brokered the sale of Regency Crossings, an 85,865-square-foot retail center located in Port Richey, roughly 40 miles northwest of Tampa. Publix anchors the property, which was 90 percent leased at the time of sale. The center was originally built in 1985 and renovated in 2021. PMAT Cos. sold the property to Essential Growth Properties for an undisclosed price. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller in the transaction.

October 28, 2024

Investment sales Nevada News

Hanley Arranges Sale of New 2,365-Square-Foot Single-Tenant Property in Las Vegas

by Hayden Spiess October 28, 2024

Las Vegas — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed single-tenant retail property located in Las Vegas. Starbucks Coffee occupies the building, which totals 2,365 square feet and features a drive-thru, on a 10-year lease. Bill Asher and Jeff Lefko, in association with ParaSell Inc., represented the developer and seller in the transaction. Jason Otter of Logic Commercial Real Estate represented the buyer, a local private investor.

October 28, 2024

Investment sales News Texas

Disney Investment Group Arranges Sale of 221,294-Square-Foot Retail Center in Stephenville, Texas

by Hayden Spiess October 25, 2024

Stephenville, Texas — Disney Investment Group (DIG) has arranged the sale of Bosque River Centre, a 221,294-square-foot retail center located in Stephenville. The center was 97 percent leased at the time of sale. Tenants at the property, which was built in 1984, include Boot Barn, SPEC’s, Tractor Supply Co., Ollie’s, Planet Fitness, Cinemark and Dollar Tree. David Disney and Adam Crockett of DIG represented the seller and procured the buyer in the transaction.

October 25, 2024

Village-at-Weatherford_Weatherford-Texas

Investment sales News Texas

Woodmont Co. Negotiates Sale of 44,000-Square-Foot Shopping Center in Metro Fort Worth, Texas

by Hayden Spiess October 25, 2024

Weatherford, Texas — The Woodmont Co. has negotiated the sale of The Village at Weatherford, a shopping center located in Weatherford, roughly 30 miles west of Fort Worth. The property totals 44,000 square feet. Russel Wehsener of The Woodmont Co. represented the seller, Sinclair Investments, in the transaction. Gibson Duwe and Kyle Poulson of Transwestern represented the undisclosed buyer.

October 25, 2024

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