Investment sales

The-Shoppes-at-North-Brunswick
Investment salesNew JerseyNews

JLL Negotiates Sale of The Shoppes at North Brunswick in Central New Jersey

by Abby Cox

North Brunswick, N.J. — JLL Capital Markets has negotiated the sale of The Shoppes at North Brunswick, a 147,000-square-foot shopping center located in North Brunswick, approximately 40 miles southwest of Manhattan. Built in 2007 across nearly 16 acres, the center is 86.7 percent occupied. Tenants at the property, which is home to 42 retailers and five office tenants, include Starbucks, Chipotle Mexican Grill, Bath & Body Works, Men’s Warehouse, Crumbl Cookies, Banana Republic, Big Blue Swim School and Orangetheory Fitness. Roughly 20,000 square feet is still available for lease. Jose …

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Crunch-Fla
FloridaInvestment salesNewsTexas

SRS Real Estate Brokers Sale of Two Single-Tenant Retail Properties Totaling $27.4 Million in Florida, Texas

by Abby Cox

Lake Worth Beach, Fla. and Rowlett, Texas — SRS Real Estate Partners has brokered the $27.4 million sale of two single-tenant retail properties occupied by Crunch Fitness in Lake Worth Beach, Florida and Rowlett, Texas. Matthew Mousavi and Patrick Luther of SRS Real Estate represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT, in the transaction. The first property, located at 3601 Lakeview Parkway in Rowlett, totals 40,000 square feet and sold for nearly $13.8 million. Situated at 4681 Hypoluxo Road in Lake Worth Beach, the …

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Durham-Festival
Company newsGrocery-anchoredInvestment salesMarylandNewsTexas

MCB Real Estate Completes Acquisition of Epic Real Estate Partners

by Abby Cox

Baltimore and Austin, Texas — MCB Real Estate, a privately held commercial real estate firm based in Baltimore, has completed the acquisition of Austin-based Epic Real Estate Partners. The transaction includes 15 grocery-anchored shopping centers owned in partnerships totaling more than 2 million square feet of retail space across 10 states, with a total portfolio value exceeding $575 million, as well as the operating company, which has 13 employees. The properties were cumulatively 92 percent leased at the time of the merger, and the ownership structure of all property-level limited partnerships …

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pleasant-valley-plaza
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Arranges $20.3 Million Sale of Grocery-Anchored Center in Oxnard, California

by Abby Cox

Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Pleasant Valley Plaza, an 81,128-square-foot grocery-anchored shopping center in Oxnard, for $20.3 million. Originally built in 1961 and renovated in 2022, Pleasant Valley Plaza is 95 percent occupied and includes a mix of tenants including La Plaza Meat Market, O’Reilly Auto Parts, H Mart and Metro by T-Mobile, as well as various restaurants, service tenants and neighborhood retailers. Sean Cox and Kevin Fryman represented the seller, a private partnership based in Los Angeles. The buyer, a …

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Clarksville-Square
Investment salesNewsTennessee

Dowd Cos. Negotiates Sale of Clarksville Square in Northern Tennessee for $5.6 Million

by Abby Cox

Clarksville, Tenn. — The Dowd Cos. has negotiated the sale of Clarksville Square, an 89,924-square-foot shopping center located in Clarksville, for $5.6 million. Built in 1967, the center was fully leased at the time of sale to 10 tenants including Dollar Tree, Big Lots, Farmers Home Furniture and an O’Reilly Auto Parts outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the seller in the transaction. The buyer was a local investor.

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6501-Coliseum-Blvd
Investment salesLouisianaNews

Marcus & Millichap Brokers $4.2 Million Sale of 43,084-Square-Foot Shopping Center in Central Louisiana

by Abby Cox

Alexandria, La. — Marcus & Millichap has brokered the $4.2 million sale of a 43,084-square-foot shopping center located at 6501 Coliseum Blvd. in the Central Louisiana city of Alexandria. Built in 1994, the center is fully leased to 13 tenants including CHRISTUS Health and Louisiana HomeCare. The property is shadow-anchored by a Walmart Supercenter, which has operated on the site since 2008. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a Florida-based private partnership, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.

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Chino-Spectrum-Towne-Center
CaliforniaInvestment salesNews

Brixmor Property Group Acquires Chino Spectrum Towne Center in California for $138 Million

by Abby Cox

Chino, Calif. — New York-based Brixmor Property Group has acquired Chino Spectrum Towne Center, a 461,269-square-foot grocery-anchored power center located in Chino, for $138 million. Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani and Shaya Northrup of CBRE represented the seller, MetLife Investment Management, in the transaction. Chino Spectrum Towne Center is 95 percent leased to tenants including Kohl’s, Five Below, Best Buy, Marshalls, BevMo!, Ulta Beauty, Nordstrom Rack and a newly opened H Mart grocery store.

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The Shops at Evergreen Walk
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $98 Million Sale of The Shops at Evergreen Walk in Windsor, Connecticut

by Abby Cox

Windsor, Conn. — CBRE has arranged the $98 million sale of The Shops at Evergreen Walk, a 400,000-square-foot lifestyle center in Windsor, a northern suburb of Hartford. Brand Street Properties and Barings acquired the property, while Nat Heald of CBRE National Retail Partners represented the seller, PGIM, in the transaction. Anchored by Whole Foods Market, The Shops at Evergreen Walk features a mix of additional tenants including L.L. Bean, Apple, Anthropologie, Pottery Barn, Sephora, lululemon, Nike and Williams-Sonoma.

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Starbucks_Perris
CaliforniaInvestment salesNews

Hanley Investment Group Brokers Sale of Single-Tenant Retail Property in Southern California for $4.8 Million

by Abby Cox

Perris, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $4.8 million sale of a newly constructed, single-tenant retail property located in the Inland Empire city of Perris. A Starbucks café and drive-thru occupies the 2,200-square-foot building on a 10-year triple-net corporate lease with 10 percent rental increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Yellow Rose Ranch LLC, an affiliate of The Lynch Group. Betty Gulezyan of I.D.L. Home represented the buyer, a private investor based in Newport Beach, California. …

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coosa-commons
AlabamaInvestment salesNews

Aly Group Acquires 9,824-Square-Foot Coosa Commons in Pell City, Alabama

by Abby Cox

Pell City, Ala. — Atlanta-based The Aly Group has acquired Coosa Commons, a 9,824-square-foot retail center located in Pell City, approximately 30 miles west of Birmingham. Tenants at the property include Starbucks Coffee, Jersey Mike’s, Wingstop and The St. Clair. Jacob Fahner of Hanley Investment and Scott Reid of ParaSell Inc. represented the seller in the transaction.

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