Investment sales

Shops at 6th & Broadway
ColoradoInvestment salesNews

Marcus & Millichap Facilitates $7.2 Million Sale of Retail Center in Denver

by Abby Cox

Denver — Marcus & Millichap has facilitated the $7.2 million sale of Shops at 6th & Broadway, a 12,033-square-foot retail center located in Denver. Built in 2002, the property was 76 percent leased to a mix of tenants including AT&T, Jersey Mike’s Subs, Einstein Bros. Bagels and Palm Beach Tan at the time of sale. Ian Hicks, Ryan Bowlby and Drew Isaac of Marcus & Millichap’s Denver office marketed the property on behalf of the seller, a private local investor, and procured the buyer, a local family office, in the …

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Springfield Avenue Marketplace
Grocery-anchoredInvestment salesMixed-useNew JerseyNews

CBRE Facilitates $37.5 Million Sale of Springfield Avenue Marketplace in Newark, New Jersey

by Abby Cox

Newark, N.J. — CBRE has facilitated the $37.5 million sale of Springfield Avenue Marketplace, a 110,551-square-foot mixed-use center located in Newark. A 71,000-square-foot Shoprite anchors the property, which was 97 percent leased at the time of sale. Additional tenants include McDonald’s, Taco Bell, Popeyes and T-Mobile. Developed in 2016, the property also features a 152-unit residential component called 24 Jones. Jeffrey Dunne, David Gavin, Chris Munley, Colin Behr and Travis Langer of CBRE’s National Retail Partners represented the seller, Goldman Sachs Alternatives, in the transaction. The team also procured the buyer, …

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Lafayette Marketplace
Grocery-anchoredInvestment salesLouisianaNews

Marcus & Millichap Brokers $5.8 Million Sale of 87,122-Square-Foot Retail Center in Lafayette, Louisiana

by Abby Cox

Lafayette, La. — Marcus & Millichap has brokered the $5.8 million sale of Lafayette Marketplace, an 87,122-square-foot retail center located in Lafayette. Super 1 Foods anchors the property, which occupies roughly 60 percent of the center. Additional tenants include Dollar Tree, Family Dollar, Metro by T-Mobile and Ace Cash Express. Built in 1995 and renovated in 2024, Lafayette Marketplace spans 10 acres and is situated near the West Village master-planned development that is currently underway. Eric Abbott and Zach Taylor of Marcus & Millichap represented the seller in the transaction. …

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Westgate Shopping Center
Investment salesNewsOhioPower centers

JLL Facilitates $51.5 Million Sale of Westgate Shopping Center in Suburban Cleveland

by Abby Cox

Fairview Park, Ohio — JLL Capital Markets has facilitated the $51.5 million sale of Westgate Shopping Center, a 311,440-square-foot regional power center located in the Cleveland suburb of Fairview Park. Originally built in the mid-1950s and renovated in 2007, Westgate Shopping Center sits on 55 acres. Target, Lowe’s, Kohl’s, Planet Fitness, Petco, Marshalls and Ulta Beauty anchor the center, which was 97.2 percent leased at the time of sale. Other tenants at the property include Bath & Body Works, Five Guys, Jersey Mike’s, Club Pilates, The Joint, Great Clips and …

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Palm Bay Center
FloridaGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers Sale of 135,049-Square-Foot Retail Center in Palm Bay, Florida

by Abby Cox

Palm Bay, Fla. — Marcus & Millichap has brokered the sale of Palm Bay Center, a 135,049-square-foot retail center located along Florida’s Space Coast in Palm Bay. Publix anchors the property, which has operated at this location for more than 40 years. The center was 35 percent leased to additional tenants including Broken Barrel, Family Dollar, Save A Lot and Citi Trends at the time of sale. Palm Bay Center is situated on roughly 12 acres. Tarek Chbeir of Marcus & Millichap, in collaboration with Adam Sklaver and Philip Kates …

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FloridaGrocery-anchoredInvestment salesNews

Colliers Arranges $63.5 Million Sale of Posner Commons in Suburban Orlando

by Abby Cox

Davenport, Fla. — Colliers has arranged the $63.5 million sale of Posner Commons, a 731,000-square-foot regional shopping center located in Davenport, roughly 25 miles southwest of Orlando. Target and a newly constructed BJ’s Wholesale Club shadow anchor the property, which was 95.5 percent leased at the time of sale. Other tenants at the center include JCPenney, Dick’s Sporting Goods, Cinépolis, Best Buy, Ross Dress For Less, Ashley Furniture, Michaels, Staples, PetSmart, Books-A-Million and Dollar Tree. Situated seven miles from Walt Disney World, the property spans 91 acres. Brad Peterson, Whitaker …

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Independence Plaza
Investment salesNewsTexas

SRS Real Estate Arranges Sale of 14,966-Square-Foot Retail Property in Frisco, Texas

by Abby Cox

Frisco, Texas — SRS Real Estate Partners has arranged the sale of Independence Plaza, a 14,966-square-foot multi-tenant retail center located in Frisco. Built in 2018, the property was fully leased to seven food and service-based tenants at the time of sale. Michael Kaplan of SRS Capital Markets represented the seller, a family office who developed the property, in the transaction. The buyer was a Texas-based private investor.

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Willow Creek Center
CaliforniaGrocery-anchoredInvestment salesNews

Monarch Commercial Advisors Brokers $27.8 Million Sale of Willow Creek Center in Northern California

by Abby Cox

Auburn, Calif. — Monarch Commercial Advisors has brokered the $27.8 million sale of Willow Creek Center, a 67,825-square-foot shopping center located in Auburn, roughly 33 miles outside Sacramento. A Smart & Final grocery store anchors the center, which was constructed between 2015 and 2017. Other tenants at the fully leased property include Starbucks Coffee, Chick-fil-A, Panda Express, PetSmart, Jersey Mike’s, AT&T and GameStop. Dave Lucas and Brandon Norton of Monarch Commercial represented the seller, Best Development Group, in the transaction. The buyer was a private investor. Dan Friedeberg of Slatt Capital …

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W. University Drive
Investment salesNewsTexas

STRIVE Arranges Sale of 7,026-Square-Foot Retail Property in McKinney, Texas

by Abby Cox

McKinney, Texas — STRIVE has arranged the sale of 380 North A, a 7,026-square-foot retail property located at W. University Drive in McKinney. Built in 2024, the property was fully leased at the time of sale. Tenants include Fire Bowl Café, Revolution Barbershop and Soccer Corner. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a local developer, in the transaction. The 1031 exchange buyer was a local investor. Additional terms of the sale were not disclosed. This transaction marks STRIVE’s 40th property sold in McKinney since 2019.

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Preston Stonebrook
Investment salesNewsTexas

JLL Arranges Sale of 53,553-Square-Foot Retail Center in Frisco, Texas

by Abby Cox

Frisco, Texas — JLL Capital Markets has arranged the sale of Preston Stonebrook, a 53,553-square-foot retail center located in Frisco. Built in 1997, the property was 93 percent leased at the time of sale. Tenants at the center include Plato’s Closet, Emler Swim School, Dogtopia and Horizon Hot Yoga. Adam Howells and Erin Lazarus of JLL’s Investment Sales and Advisory team represented the sellers, Bo Brownlee and Easley Waggoner, Jr., of Venture Investment Partners in the transaction.

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