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Investment sales

Foothill Shopping Center
ArizonaGrocery-anchoredInvestment salesNews

Newmark Arranges $10.3 Million Sale of Foothill Shopping Center in Phoenix

by Abby Cox

Phoenix — Newmark has arranged the $10.3 million sale of Foothill Shopping Center, a 78,186-square-foot shopping center in Phoenix. Steve Julius, Jesse Goldsmith and Chase Dorsett of Newmark represented the Houston-based seller, SClay Management, which owned the property for nearly 50 years, in the transaction. The buyer was Lena Centers, a Boston-based investment firm that specializes in acquiring community-based grocery-anchored shopping centers across the country. CNG Ranch Market anchors Foothill Shopping Center, which includes a mix of additional tenants such as Harbor Freight Tools, Sun Star Buffet, H&R Block, TitleMax and Cricket Wireless. …

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Parkside Collective
ColoradoInvestment salesNews

JLL Negotiates Sale of 24,985-Square-Foot Retail Strip Center in Metro Denver

by Abby Cox

Aurora, Colo. — JLL Capital Markets has negotiated the sale of Parkside Collective, a 24,985-square-foot retail strip center in Aurora, a suburb located 15 miles east of downtown Denver. Situated within a larger mixed-use development known as Parkside at City Center, the three-building retail property was 86 percent leased at the time of sale to a mix of national and local tenants, including Five Guys, Cheba Hut and Einstein Bros. Bagels. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller, an entity doing business as …

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two-tenant retail pad property
CaliforniaInvestment salesNews

Faris Lee Investments Brokers $6.1 Million Sale of Two-Tenant Retail Property in Southern California

by Abby Cox

Palm Desert, Calif. — Irvine, California-based Faris Lee Investments has brokered the $6.1 million sale of a two-tenant retail property located at the corner of Highway 111 and Fred Waring Drive in Palm Desert. SchoolsFirst Federal Credit Union and T-Mobile occupy the 7,400-square-foot building. Chris DePierro, Jeff Conover, Don MacLellan, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller, Sage Investments, in the transaction. The all-cash, 1031 exchange buyer was a Southern California-based private investor. This deal marks the 25th property Faris Lee Investments has sold in the Palm …

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Autumn Heights
Investment salesNewsTexas

Boomslang Ventures Sells 13,949-Square-Foot Shopping Center Near San Antonio

by Abby Cox

Converse, Texas — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail center located in Converse, roughly 14 miles northeast of San Antonio. Originally built in 2020 on 2 acres, the center was fully leased at the time of sale. Tenants at the property include Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor.

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Ella Plaza
Investment salesNewsTexas

Northmarq Arranges Sale of 82,073-Square-Foot Shopping Center in Houston

by Abby Cox

Houston — Northmarq has arranged the sale of Ella Plaza, an 82,073-square-foot shopping center located at 1319 Cypress Creek Parkway in Houston. Advance Auto Parts, CSL Plasma and the Harris County Public Health Department anchor the property, which was 90 percent occupied at the time of sale. Additional nearby retailers include Kroger, AT&T, Starbucks Coffee, Chick-fil-A, Subway, dd’s Discounts, Ross Dress for Less, Wingstop, CVS Pharmacy, Walgreens and Whataburger. Originally built in 2005, the center sits on roughly 7 acres. Riley Sharman of Northmarq’s Investment Sales team represented the 1031 exchange …

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Talladega Shopping Center
AlabamaInvestment salesNews

Marcus & Millichap Brokers $2.4 Million Sale of Talladega Shopping Center in Alabama

by Abby Cox

Talladega, Ala. — Marcus & Millichap has brokered the $2.4 million sale of Talladega Shopping Center, a 47,437-square-foot shopping center located in Talladega, an eastern suburb of Birmingham. Citi Trends and Standard Furniture, both of which have occupied the site for more than a decade, are the property’s anchor tenants. Additional tenants include Regional Finance and AT&T, which occupies a newly developed outparcel. The center was originally built in 1981 on 3.6 acres and was 88 percent leased at the time of sale. Eric Abbott and Zachary Taylor of Marcus & …

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Towne-Center-at-Cedar-Lodge
Grocery-anchoredInvestment salesLouisianaNews

DLC, DRA Advisors Acquire 316,031-Square-Foot Shopping Center in Baton Rouge, Louisiana

by Abby Cox

Baton Rouge, La. — A partnership between New York-based companies DLC and DRA Advisors has acquired Towne Center at Cedar Lodge, a 316,031-square-foot shopping center located in Baton Rouge, near the Louisiana State University campus. The purchase price was $81 million, according to the Baton Rouge Advocate. Whole Foods Market anchors the property, which was 93 percent leased at the time of sale. Other tenants include Barnes & Noble, Nike, Gap and Ulta Beauty.

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Fountain Plaza
FloridaInvestment salesNews

Avison Young Brokers $5 Million Sale of Fountain Plaza in West Tampa, Florida

by Abby Cox

Tampa, Fla. — Avison Young has brokered the $5 million sale of Fountain Plaza, a 25,191-square-foot multi-tenant shopping center located at 2800 N. MacDill Ave. in West Tampa. Originally built in 2006, the center sits on nearly 2 acres. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé, Nick Robinson, Nick Mastro and Philip Shapiro of Avison arranged the sale on behalf of the seller, Brusa Inc., in the transaction. Additionally, Nick Mastro and Nick Robinson will lead leasing efforts for the buyer, Landmarc Realty.

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Kris Krossing
Grocery-anchoredInvestment salesNewsNorth CarolinaSouth Carolina

IPA Arranges Sale of Five Food Lion-Anchored Shopping Centers Totaling 248,030 Square Feet

by Abby Cox

Raleigh, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a five-property portfolio of Food Lion-anchored shopping centers totaling 248,030 square feet in the Carolinas. The properties include College Lakes Plaza in Fayetteville, North Carolina; Eden Centre in Eden, North Carolina; Kimberly Park in Carthage, North Carolina.; Kris Krossing in Conway, South Carolina; and West Pointe in Village Asheboro, North Carolina. Raleigh-based Genesis Properties purchased the portfolio from Richmond-based Capital Square for an undisclosed price. Dean Zang and David Crotts of IPA, …

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Highland Plaza Shopping Center
Grocery-anchoredInvestment salesLouisianaNews

Legacy Realty Group Arranges Sale of Highland Plaza Shopping Center in Baton Rouge, Louisiana

by Abby Cox

Baton Rouge, La. — Legacy Realty Group Advisors has arranged the sale of Highland Plaza Shopping Center, a 70,405-square-foot shopping center in Baton Rouge. Situated on roughly 6 acres near the Louisiana State University campus, the property is anchored by a Walmart Neighborhood Market. Additional tenants include Lake After Hours, Waka House, OHK Korean Hot Dogs, New Orleans Daquiri and The UPS Store. The center was originally built in 1993 and renovated in 2025, according to Commercial Search. Jacob Baruch, Jonah Warshaw and Ari Warshaw of Legacy Realty Group Advisors …

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