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Investment sales

South Central Avenue and Chevy Chase Drive
CaliforniaInvestment salesNews

Marcus & Millichap Brokers $24 Million Sale of Vacant Retail Building in Glendale, California 

by Abby Cox

Glendale, Calif. — Marcus & Millichap has arranged the sale of a vacant retail building located on 2.4 acres at South Central Avenue and Chevy Chase Drive in Glendale. Aria Investments LLC sold the property to the City of Glendale for $24 million. The city plans to develop a park and recreation center on the site, which includes a 33,818-square-foot retail building formerly occupied by JoAnn Fabrics. Sheila Alimadadian of Marcus & Millichap represented the seller and procured the buyer in the deal. Built in 1966 and renovated in 2013, the …

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Valrico Centre
FloridaGrocery-anchoredInvestment salesNews

Matthews Negotiates Sale of 53,644-Square-Foot Valrico Centre Near Tampa, Florida

by Abby Cox

Valrico, Fla. — Matthews Real Estate Investment Services has negotiated the sale of Valrico Centre, a 53,644-square-foot shopping center located in the Tampa suburb of Valrico. Sprouts Farmers Market and PetSmart anchor the property, which also features health and wellness concept Orangetheory Fitness. Built in 2007 on 4.7 acres, the center was fully leased at the time of sale. An entity doing business as WEG Valrico LLC was the seller. Glen Alexander and Doug Desantis of Strategic Reality Services represented the buyer, West Cold Storage LLC, in the transaction. The sales …

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Pacific Box
DevelopmentInvestment salesNewsRestaurantsRetailersSouth Carolina

Asana Partners to Complete Redevelopment of Pacific Box Mixed-Use Property in Charleston’s Upper Peninsula

by Abby Cox

Charleston, S.C. — Asana Partners is redeveloping Pacific Box, a 221,600-square-foot mixed-use development on Charleston’s Upper Peninsula. The redevelopment — which will include the conversion of 26,000 square feet of office space into lifestyle retail and restaurants — is already underway. Completion of the project is scheduled for the second quarter of 2026. Existing tenants will remain open throughout the redevelopment process. Spanning 10 acres along King Street, the newly converted space will include a 6,000-square-foot marquee restaurant space, exterior upgrades, new retail façades, improved central courtyard and turf areas, a children’s …

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Stetson Village Shopping Center
ArizonaGrocery-anchoredInvestment salesNews

Longpoint Partners Acquires 144,192-Square-Foot Stetson Village Shopping Center in Phoenix

by Abby Cox

Phoenix — Lena Centers, a subsidiary of Longpoint Partners, has purchased Stetson Village, a 144,192-square-foot shopping center located in Phoenix, for $71 million. Built in 2007 on 18.6 acres, the property is anchored by a 57,860-square-foot Safeway. Other tenants at the center include Capriotti’s Sandwich Shop, Nekter Juice Bar, The UPS Store, First Watch and Great Clips. Ryan Schubert, Michael Hackett and Zach Aulick of CBRE represented the seller, Pederson Group, and the buyer in the transaction.

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Shoppes at Knollwood
Investment salesMinnesotaNews

KPR Centers Buys 451,700-Square-Foot Shoppes at Knollwood in Metro Minneapolis

by Abby Cox

St. Louis Park, Minn. — New York-based KPR Centers has acquired Shoppes at Knollwood, a 451,700-square-foot grocery-anchored shopping center in the Minneapolis suburb of St. Louis Park. The property is nearly 99 percent leased and anchored by Cub Foods, DSW, HomeGoods, Nordstrom Rack, Old Navy, Total Wine & More, T.J. Maxx and Ulta Beauty. Christian Williams, Richard Frolik and Michael Wilson of CBRE represented the seller. Delivered in 1955 as Knollwood Mall, the property has undergone several renovations over the decades, including its transformation into an enclosed mall in 1980. …

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Bloomington Commons
Grocery-anchoredIllinoisInvestment salesNews

Marcus & Millichap Brokers $13.4 Million Sale of Shopping Center in Bloomington, Illinois

by Abby Cox

Bloomington, Ill. — Marcus & Millichap has brokered the $13.4 million sale of Bloomington Commons, a grocery-anchored shopping center located in Bloomington. The 15-tenant property, which totals 132,966 square feet, is anchored by Schnucks. Other tenants include Barnes & Noble, The UPS Store, Kumon Math & Reading Center, Chuck E. Cheese and H&R Block. Schnucks, an anchor tenant since 1989, recently renewed its lease for 10 years. Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a local developer that sold the property after an eight-year hold …

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Davie Plaza
FloridaInvestment salesNews

22,517-Square-Foot Retail Center Near Fort Lauderdale Sells for $6.9 Million

by Abby Cox

Davie, Fla. — Davie Plaza Group LLC has sold Davie Plaza, a 22,517-square-foot retail strip center located in the Fort Lauderdale suburb of Davie, for $6.9 million. The property was 96 percent leased at the time of sale and features a mix of tenants including a Subway, nail salon and law office. Originally built in 1970, the retail center is situated on 2 acres, according to LoopNet Inc. Drew Kristol and Kirk Olson of Marcus & Millichap represented the seller, a local South Florida investor doing business as Davie Plaza …

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Market Mountain House
CaliforniaInvestment salesNews

Brixton Capital Acquires The Market Mountain House for $32 Million

by Abby Cox

Mountain House, Calif. — Brixton Capital has acquired The Market Mountain House, an 88,872-square-foot neighborhood shopping center located within the master planned community of Mountain House, for $32 million. Situated roughly 50 miles east of San Francisco in San Joaquin County, The Market Mountain House features five buildings and was fully leased at the time of sale. Safeway anchors the property, which features a mix of additional tenants including Starbucks Coffee, The UPS Store, Great Clips, Häagen-Dazs, AappaKadai, Mountain Mike’s Pizza and Sourdough & Co. Shea Properties developed The Market Mountain House …

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ColoradoInvestment salesNews

MMCC Arranges $16.5 Million in Financing for Willow Creek Shopping Center Near Denver

by Abby Cox

Centennial, Colo. — Marcus & Millichap Capital Corp. (MMCC) has arranged $16.5 million in financing for Willow Creek Shopping Center, a 163,000-square-foot shopping center located in Centennial, a suburb of Denver. VASA Fitness and arc Thrift Stores anchors the property, which is fully leased. Other tenants include CorePower Yoga and Perfect Teeth. Rob Cronenberg of MMCC’s Denver office secured the financing on behalf of an undisclosed national investment firm.

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FloridaInvestment salesNews

SRS Real Estate Brokers $7.3 Million Sale of a Multi-Tenant Retail Property in St. Petersburg, Florida

by Abby Cox

St. Petersburg, Fla. — SRS Real Estate Partners has brokered the $7.3 million sale of a two-parcel, multi-tenant retail strip center located at 730 4th St. N. in St. Petersburg. Built in 2009, the property totals 10,802 square feet and was fully leased to a mix of tenants including Foxtail Coffee, The UPS Store, Jimmy John’s, Chipotle Mexican Grill and Verizon Wireless at the time of sale. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller, a Tampa-based investment group, in the transaction. The buyer was a national …

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