Investment sales

shoppes-at-wissinoming
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Negotiates $30.8 Million Sale of Shoppes at Wissinoming in Philadelphia

by Abby Cox

Philadelphia — JLL Capital Markets has negotiated the $30.8 million sale of the Shoppes at Wissinoming, a 97,982-square-foot neighborhood shopping center located in Northeast Philadelphia. ShopRite anchors the property, which was 98 percent occupied at the time of sale. Additional tenants include Wawa, Popeyes, AT&T, Elite Dental and Wissinoming Laundromat. The 11.3-acre site was originally built in 2018. Jim Galbally, Patrick Higgins and JP Colussi of JLL’s sales and advisory team represented the seller, ARCTRUST, in the transaction. The buyer was an affiliate of Brown’s Real Estate.

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Esplanade at Aventura
FloridaInvestment salesNews

JLL Arranges $131 Million Sale of Esplanade at Aventura in South Florida

by Abby Cox

Aventura, Fla. — JLL has arranged the $131 million sale of Esplanade at Aventura, a 219,000-square-foot mixed-use development located in Aventura, roughly 20 miles north of Miami. Situated adjacent to Aventura Mall, the open-air development was completed in 2023. The center features several food and beverage concepts including STK, Joey’s, Amalfi Llama, North Italia, Pura Vida, Starbucks Coffee and Sweetgreen, as well as additional retail tenants such as LEGO, Anatomy Fitness, Pure Barre and One Medical. Industrial and professional service tenants occupy the property’s office space. Danny Finkle, Chris Angelone, …

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Pavilion Shopping Center
CaliforniaInvestment salesNews

Brixton Capital Sells Pavilion Shopping Center in Metro San Diego for $30.5 Million

by Abby Cox

Vista, Calif. — Brixton Capital has sold Pavilion Shopping Center, a 137,742-square-foot open-air, grocery-anchored retail center located in Vista, approximately 34 miles north of San Diego. Milan Capital Management acquired the property for $30.5 million At the time of sale, the nearly 11-acre property was 95.3 percent leased to various tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Additionally, the property underwent extensive capital improvements, including a completely renovated parking lot that was …

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Elmwood-Park
IllinoisInvestment salesNews

Greenstone Partners Brokers $5.2 Million Sale of Elmwood Commons Retail Center in Metro Chicago

by Abby Cox

Elmwood Park, Ill. — Greenstone Partners has brokered the $5.2 million sale of Elmwood Commons, a 16,840-square-foot retail center in the Chicago suburb of Elmwood Park. The property sold to an institutional investor for the full list price. Developed in 1991, the multi-tenant center has maintained near full occupancy since its construction and features a weighted average lease tenure of 15.6 years. Longstanding tenants include FedEx Office, which has occupied its space for 34 years, Wingstop (24 years), Jimmy John’s (19 years), Betty’s (12 years) and Happy Wok (11 years). …

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AlabamaInvestment salesNews

Legacy Commercial Property Acquires 55,000-Square-Foot Hunnington Center in Alabama

by Abby Cox

Huntsville, Ala. — Legacy Commercial Property, a division of Highland Ventures, has acquired Hunnington Center, a 55,000-square-foot retail property located at 11220 Memorial Parkway SW in Huntsville. The property features 10 flexibly sized units with roughly 36,000 square feet of space available for lease. Current tenants include Taziki’s Mediterranean Café, Alfa Mutual Insurance Co., Functional Chiropractic, Hunnington Pharmacy, State Farm Insurance, Mariner Finance and Advance Auto Parts. Legacy Commercial plans to renovate the exterior with a new façade, roof, signage and parking lot.

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Dix-Toledo-Southgate
Investment salesMichiganNews

Mid-America Brokers Sale of 121,184-Square-Foot Shopping Center in Metro Detroit

by Abby Cox

Southgate, Mich. — Mid-America Real Estate Corp. has brokered the sale of Dix-Toledo Shopping Center, a 121,184-square-foot shopping center located in the Detroit suburb of Southgate. The property is 92 percent leased to retailers such as TJ Maxx, Ross Dress for Less, Chuck E. Cheese, Snipes and Hook & Reel. Ben Wineman and Daniel Stern of Mid-America represented the seller, a private family, in the transaction. The buyer was a Detroit-based private investment company.

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18530 Van Buren Blvd.
CaliforniaInvestment salesNews

Progressive Real Estate Negotiates $4.6 Million Sale of Multi-Tenant Retail Building in Riverside, California

by Abby Cox

Riverside, Calif. — Progressive Real Estate Partners has negotiated the $4.6 million sale of an 8,960-square-foot multi-tenant retail building located at 18530 Van Buren Blvd. in Riverside. Built in 1996, the retail building is 90 percent leased to seven food- and service-oriented tenants including Subway, H&R Block, a barbershop and a pool supply store. The retail building is part of Orangecrest Plaza, a grocery-anchored shopping center. Orangecrest Plaza features several national tenants such as Albertsons and Petco. Greg Bedell and Trinnie Lee represented the seller, a private Orange County-based investor, in the transaction. …

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CaliforniaInvestment salesNews

JLL Arranges $12.9 Million Sale of Retail Plaza in Coachella, California

by Abby Cox

Coachella, Calif. — JLL Capital Markets has arranged the sale of Coachella Plaza, an 84,820-square-foot shopping center located at 50249 Cesar Chavez St. in Coachella. The property traded between two private investors for $12.9 million. Shadow anchored by Cardenas Markets, Coachella Plaza is home to several tenants including Planet Fitness, WSS, Absolute Dollar and Innercare. The property was fully occupied at the time of sale. Max Kinsbruner and Brian Quinn of JLL represented the seller and buyer in the transaction.

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Grove Park
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Brokers Sale of 120,150-Square-Foot Grove Park Shopping Center in Lakeland, Florida

by Abby Cox

Lakeland, Fla. — Cushman & Wakefield has brokered the sale of Grove Park Shopping Center, a 120,150-square-foot, grocery-anchored shopping center located in Lakeland. Previously known as Southgate Shopping Center, the property was originally developed in 1960 by George Jenkins, the founder of Publix. Tenants at the center, which was 100 percent occupied at the time of sale, include CVS Pharmacy, Dollar Tree, Humanitary Medical Center and a Publix, which was fully rebuilt in 2019. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, Longpoint Partners, in …

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Sierra del Oro Towne Centre
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Negotiates Sale of 110,485-Square-Foot Shopping Center in Corona, California

by Abby Cox

Corona, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of Sierra del Oro Towne Centre, a 110,485-square-foot shopping center located in Corona. Ralphs and Dollar Tree anchor the property, which was fully leased at the time of sale. Additional tenants include Anytime Fitness, Chase Bank, Jack in the Box, Domino’s Pizza, Green River Montessori School, Wingstop, Kumon Math and Reading Center, Fantastic Sams Cut & Color and PostalAnnex. Sierra del Oro Towne Centre marks Hanley’s sixth grocery-anchored shopping center sale over the previous 12 months. Kevin Fryman …

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