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Investment sales

Tower at Boerne
Investment salesNewsTexas

Headwall Investments Acquires 26,000-Square-Foot Shopping Center in Metro San Antonio 

by Abby Cox

Boerne, Texas — Headwall Investments has acquired the Tower at Boerne, a 26,000-square-foot shopping center located in Boerne, roughly 20 miles northwest of San Antonio. This transaction marks the firm’s 18th shopping center acquisition, expanding its portfolio to more than 610,000 square feet across the metro Texas areas of Austin, San Antonio, Dallas-Fort Worth and Houston. The center was fully leased to a mix of food and service tenants including Papa Johns Pizza, Jersey Mike’s, Supercuts, JuiceLand, Buffalo Wild Wings, HOTWORX, Firehouse Subs, AT&T, Salata Salad Kitchen, Red Wing Shoes, T-Mobile, …

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Investment salesNew JerseyNews

Joint Venture Acquires 181,150-Square-Foot Shopping Center in Suburban New York City 

by Abby Cox

Paramus, N.J. — A joint venture partnership between Heidenberg Properties Group, Red Starr Investments, Norse Realty Group and DAG Paramus has acquired Paramus Park South, a 181,150-square-foot shopping center located in Paramus, roughly 20 miles northwest of New York City. Anchored by a 100,223-square-foot Stew Leonard’s Supermarket, the center was 67 percent leased to a mix of tenants including Macy’s, Sephora, L.L. Bean, Ulta Beauty and Chick-fil-A at the time of sale. CBRE brokered the sale of the property. Ackman-Ziff Real Estate Group structured the joint venture and arranged acquisition …

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Retail and Office Mixed-Use Property
Investment salesMixed-useNewsPennsylvania

Tempus Realty Partners Acquires 125,000-Square-Foot Mixed-Use Retail, Office Property in Pittsburgh for $43.8 Million

by Abby Cox

Pittsburgh — Tempus Realty Partners has acquired a 125,000-square-foot mixed-use property located in Pittsburgh’s Strip District for $43.8 million. The former warehouse has been redeveloped to include 94,580 square feet of office space and 31,405 square feet of retail. The property is fully leased to tenants including Aurora Innovation, Balvanera, Orr’s Jewelers and Design Within Reach.

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The Shoppes at the Heart of Tradition
FloridaInvestment salesMixed-useNews

PEBB Enterprises, Banyan Development Sell Shopping Center in Port St. Lucie, Florida for $32 Million

by Abby Cox

Port St. Lucie, Fla. — A joint venture between PEBB Enterprises and Banyan Development has sold The Shoppes at the Heart of Tradition, a 71,000-square-foot shopping center located within the master-planned community of Tradition, for $32 million. The center — which was completed in 2024 — is anchored by ALDI. Additional tenants include Papa Johns Pizza, Carmela Coffee, Kyle G’s Amore Italian Chophouse, Spanish restaurant Port Tradition, Tomalty Dental, Peach Cobbler Factory, Picasso Nails & Spa, Rita’s Italian Ice & Frozen Custard and Swift Mediterranean Grill. One Investment Group represented …

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Grand Covina Plaza
CaliforniaGrocery-anchoredInvestment salesNews

JLL Facilitates $25 Million Sale of 111,975-Square-Foot Retail Center in Metro Los Angeles

by Abby Cox

Covina, Calif. — JLL Capital Markets has facilitated the $25 million sale of Grand Covina Plaza, a 111,975-square-foot shopping center located in the Los Angeles suburb of Covina. Stater Bros. Markets anchors the property, which was 89 percent leased to tenants including Dollar Tree, KFC, 7-Eleven and O’Reilly Auto Parts at the time of sale. Originally built in 1956, the center sits on 8.9 acres. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL’s Investment Sales and Advisory team represented the seller, a private family partnership, and procured the buyer, …

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Summit Fritz Farm
Investment salesKentuckyMixed-useNewsRestaurantsRetailers

Hendricks Commercial Properties Acquires Summit at Fritz Farm Mixed-Use Development in Lexington, Kentucky

by Abby Cox

Lexington, Ky. — Hendricks Commercial Properties, a Wisconsin-based development and investment firm, has acquired The Summit at Fritz Farm, a mixed-use development in Lexington that opened in 2017. The project features a collection of more than 60 shops and restaurants that sit below modern offices and The Henry apartments. Some components of the project that were not included in the sale include the Origin Lexington hotel and a 192-unit seniors housing community, Legacy Reserve at Fritz Farm. Hendricks did not disclose the sales price or specific aspects of the acquisition beyond …

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Turtle Creek Village
Grocery-anchoredInvestment salesLeasingNewsTexas

CIM Group Sells 320,000-Square-Foot Mixed-Use Center in Dallas

by Abby Cox

Dallas — CIM Group has sold Turtle Creek Village, a 320,000-square-foot mixed-use property located in the Turtle Creek neighborhood of Dallas. The property includes the Offices at Turtle Creek Village, an 18-story, 230,000-square-foot office tower; and the three-building Shops at Turtle Creek Village, a 95,000-square-foot grocery-anchored retail center. CIM Group acquired the property in 2017 and completed a renovation of both the office and retail components, which included upgrades to the office lobby and amenities, as well as newly constructed spec suites. Tenants at the Shops at Turtle Creek Village …

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The Village at Causeway
FloridaInvestment salesNews

Marcus & Millichap Brokers $12.9 Million Sale of Retail Center in Tampa, Florida

by Abby Cox

Tampa, Fla. — Marcus & Millichap has brokered the $12.9 million sale of The Village at Causeway, a 27,860-square-foot retail center located in Tampa. Built in 2019, the property is home to 13 tenants, including Canopy Road Café, Game Over Tampa, Jimmy John’s, Strandhill Social, OneZo and PT Solutions. The center is situated on 6.6 acres. Zach Taylor, Eric Abbott, Evan Cannan and Reid Thedford of Marcus & Millichap marketed the property on behalf of the seller, a Tampa-based private developer, and secured the buyer, an institutional strip center investor, …

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Cross Creek Center
FloridaInvestment salesNews

IPA Arranges Sale of Cross Creek Center in Metro Fort Lauderdale

by Abby Cox

Boynton Beach, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Cross Creek Center, a 37,201-square-foot shopping center located in the Fort Lauderdale suburb of Boynton Beach. Built in 1988 and renovated in 2014, the center was 97 percent leased at the time of sale. Tenants at the property include Stanton Optical, The UPS Store, Smoothie King and Metro by T-Mobile. Drew Kristol and Kirk Olson of IPA represented the seller, Janoura Realty, and procured the buyer, Phillips Edison & Co., in …

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Pacific Shopping Mall
Grocery-anchoredHawaiiInvestment salesNews

CBRE Facilitates Sale of 79,000-Square-Foot Shopping Center in Nānākuli, Hawaii

by Abby Cox

Nānākuli, Hawaii — CBRE has facilitated the sale of Pacific Shopping Mall, a 79,000-square-foot shopping center located in Nānākuli, roughly 30 miles northwest of Honolulu. Built in 1975, the center is situated on six acres near the Ko Olina master-planned development and Disney’s Aulani Resort. Foodland’s Sack N Save anchors the property, which was 90 percent leased at the time of sale. Additional tenants include O’Reilly Auto Parts, McDonalds, HELE Gas 2 Go, Subway, ColorTyme Rent-To-Own, USPS, Napa Auto Parts and the Waianae Coast Comprehensive Health Center. Nicholas Paulic and AJ Cordero of …

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