Tyler, Texas — STRIVE has arranged the sale of Kinsey Crossing, a 24,107-square-foot retail center located in the Northeast Texas city of Tyler. Originally built in 2014, the property was 80 percent leased at the time of sale to tenants including Dunkin’ Donuts, Baskin-Robbins and T-Mobile. Andrew Williams and Will Schubert of STRIVE represented the New Jersey-based seller and sourced the buyer. Additional terms of the sale were not disclosed.
Katy, Texas — Conshohocken, Pennsylvania-based CenterSquare Investment Management has acquired The Shops at Cinco Ranch, a 27,500-square-foot essential service retail (QSR) shopping center in the western Houston suburb of Katy. The property was 96 percent leased to service-oriented tenants at the time of sale. This transaction marks CenterSquare’s fifth acquisition in Houston.
Canton, Mich. — Marcus & Millichap has brokered the $23.8 million sale of Willow Creek Shopping Center, a 161,626-square-foot power center located in Canton, roughly 23 miles west of Detroit. Originally built in 2004, the center is shadow-anchored by IKEA. Tenants at the property — which was fully leased at the time of sale — include Michaels, Marshalls, Dunham’s Sports, Crate & Barrel, Dollar Tree, Kirkland’s, Five Below and Direct Optical. All eight tenants are operating on a triple-net lease basis. Ashish Vakhariya, Darin Gross, and Seth Haron of Marcus …
Danville, Va. — Legacy Realty Group Advisors has brokered the sale of Cain Creek Shopping Center, a 59,410-square-foot shopping center located in Danville. Food Lion anchors the center. Additional tenants at the property feature a mix of retail stores, restaurants and businesses, including Family Dollar, Danville Dental, Fabulous Beauty Supply and Isabel’s Pizza Pasta & Subs. Jacob Baruch of Legacy Realty Group Advisors represented both the buyer and seller, an affiliate of Fayetteville, Arkansas-based Core Equity Partners, in the off-market transaction.
Atlanta — RCG Ventures (RCG) has acquired the first phase of a $1.8 billion multi-tenant retail portfolio from Global Net Lease, Inc (GNL). The first phase, which comprises 59 properties, was purchased for $1.1 billion. Truist Bank and Key Bank provided a new loan facility for the transaction, while Ares Management Alternative Credit, Koch Real Estate Investments and Goldman Sachs Alternatives provided equity investments. RCG expects to complete the sale of the remaining 41 properties in two additional phases by the end of the second quarter of 2025. McGuireWoods LLP …
Los Angeles — JLL Capital Markets has arranged the $12.4 million sale of the Silver Lake Collection, a retail property located in the Silver Lake neighborhood of Los Angeles. Originally built in 1934 and renovated in 2023, the property comprises five street-front stores totaling 10,876 square feet. The property is fully leased to a mix of food-and-beverage concepts including Counter Culture Coffee, El Condor and Yi Cha. Tim Kuruzar of JLL Capital Markets represented the seller, Strategic Realty Trust, in the transaction, while Matthew Fainchstein of JLL represented the undisclosed …
Gainesville, Fla. — Prudent Growth Partners LLC has acquired SouthGate Centre, a shopping center located in Gainesville, for $5.2 million. The property totals 24,025 square feet. Built in 1989, the center was 91 percent leased to 13 tenants at the time of sale.
Exton, Pa. — JLL Capital Markets has brokered the $34.3 million sale of Exton Square, a 990,000-square-foot super-regional shopping center located in the Philadelphia suburb of Exton. Abrams Realty & Development acquired the property from PREIT. Originally built in 1973, the 75-acre center was renovated in 2000. The property — which is shadow anchored by Whole Foods Market — features tenants including Boscov’s, Macy’s, Main Line Health and Round1 Entertainment. Jim Galbally, David Monahan, Patrick Higgins and Fran Coyne of JLL represented the seller in the transaction.
Columbus, Ohio — American Commercial Realty (ACR) has obtained a retail portfolio totaling approximately 215,000 square feet across seven shopping centers in Columbus. The properties include Village Centre, Beechcroft Centre, James Livingston Centre, Main Hamilton Centre, 5156 E. Main St. Centre, Wyandotte Centre and McNaughten Center. Alex Marsh of The Robert Weiler Co. will manage leasing at the properties on behalf of the new ownership.
Riverdale Park, Md. — First Washington Realty has acquired a 163,000-square-foot shopping center in the Washington, D.C. suburb of Riverdale Park. The shopping center, which is situated within the mixed-use district of The Station at Riverdale Park, is anchored by Whole Foods Market. Additional tenants at the shopping center include Burton’s Grill, Starbucks Coffee, Gold’s Gym and Jersey Mike’s. Amrit Chase negotiated the transaction on behalf of First Washington Realty on an internal basis.
