Investment sales

Macys_Oak-Court-Mall_Memphis
Investment salesNewsTennessee

Poag Purchases 400,000-Square-Foot Macy’s Department Store at Oak Court Mall in Memphis

by Hayden Spiess

Memphis, Tenn. — Poag Development Group has purchased a 400,000-square-foot store situated within Oak Court Mall, an enclosed regional mall in Memphis originally opened in 1988. Macy’s occupies the space and sold the property in a sale-leaseback transaction. Poag acquired the department store for $7 million in a joint venture with a group of local investors that purchased the other portions of Oak Court Mall in December 2023. Poag plans to work with JLL to maximize the potential of Oak Court Mall. 

Continue Reading
0 FacebookTwitterLinkedinEmail
ConnecticutGrocery-anchoredInvestment salesNews

Zelco Properties, Haverford Retail Partners Acquire 123,000-Square-Foot Retail Center in Guilford, Connecticut

by Hayden Spiess

Guilford, Conn. — Zelco Properties, the development and acquisition arm of Charter Realty, and Haverford Retail Partners have acquired Guilford Commons, a 123,000-square-foot retail center located in Guilford. Tenants at the property, which was originally opened in 2015, include The Fresh Market, Michaels, DSW, Ulta Beauty, Panera Bread, MOOYAH, Spavia, Pure Barre and Ivy Rehab. T.J. Maxx and Old Navy also recently signed leases at the center. Charter Realty will manage leasing at property. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsNorth Carolina

CenterSquare Acquires 43,044-Square-Foot Retail Center in Charlotte, North Carolina

by Hayden Spiess

Charlotte, N.C. — CenterSquare has acquired Olde Lancaster Town Center, a 43,044-square-foot retail center located in Charlotte. Tenants at the property, which was fully leased at the time of sale, include My Salon Suites, Aqua Tots, Lee’s Hoagies, Chesterbrook Academy and Eye Level Learning. The new ownership plans to implement improvements at the property including new paint, awnings, LED lights, string lights, patio seating, roofs, updated landscaping and signage enhancements. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Brookhaven-Station_Brookhaven-Ga
GeorgiaInvestment salesNews

JLL Brokers Sale of 44,966-Square-Foot Brookhaven Station Retail Center in Atlanta Suburb

by Hayden Spiess

Brookhaven, Ga. — JLL has brokered the sale of Brookhaven Station, a 44,966-square-foot retail center located in the Atlanta suburb of Brookhaven. SITE Centers acquired the property from Hendon Properties for an undisclosed price. Originally built in 1985, the center was renovated between 2022 and 2023. Tenants at the property include Chick-fil-A, Fox Bros. Bar-B-Q, Chop’t and Mellow Mushroom. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Castle-Hills-Market_San-Antonio-Texas
Investment salesNewsTexas

ZRP Sells 97,682-Square-Foot Retail Center in San Antonio, Texas

by Hayden Spiess

San Antonio, Texas — Ziff Real Estate Partners (ZRP) has sold Castle Hills Market, a 97,682-square-foot retail center located in San Antonio. A Dallas-based private buyer acquired the property for an undisclosed price. John Indelli, Whitney Snell, Chris Gerard and Ryan West of JLL brokered the transaction. ZRP purchased the center in 2020 and has implemented physical enhancements and tenancy upgrades at the property. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Hawthorne-Plaza_Middle-River-Md
Grocery-anchoredInvestment salesMarylandNews

Neuman Arranges $6.4 Million Sale of Shopping Center in Metro Baltimore

by Hayden Spiess

Middle River, Md. — Neuman Commercial Group has arranged the $6.4 million sale of Hawthorne Plaza, a shopping center located in Middle River, roughly 10 miles outside downtown Baltimore. Originally developed in 1960, the property totals 69,582 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Family Dollar, ExoticHaus Furniture and Geresbeck’s Food Market. Gil Neuman of Neuman Commercial Group represented the buyer, Rockpark Group with Redwood Capital Group, in the transaction. Thornhill Properties Management represented the seller, Hawthorne Inc. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Falcon-Ridge-Town-Center-Fontana-CA
CaliforniaInvestment salesNews

MCB Real Estate, DRA Advisors Purchase Falcon Ridge Town Center in Southern California for $65 Million 

by Hayden Spiess

Fontana, Calif. — A joint venture between MCB Real Estate and a fund managed by DRA Advisors has purchased Falcon Ridge Town Center, a retail center located in Fontana, for $65 million. Built in 2005 and renovated in 2023, the property totals 273,424 square feet. Tenants at the center, which was fully leased at the time of sale, include Ulta Beauty, Famous Footwear, Five Below, Michaels, Dollar Tree and Ross Dress for Less.

Continue Reading
0 FacebookTwitterLinkedinEmail
Main-Marketplace_Frisco-Texas
Investment salesNewsTexas

Matthews Arranges Sale of 115,736-Square-Foot Retail Center in Frisco, Texas

by Hayden Spiess

Frisco, Texas — Matthews Real Estate Investment Services has arranged the sale of Main Marketplace, a 115,736-square-foot retail center located in Frisco. Situated on 14.7 acres, the property was 97 percent leased at the time of sale. Current tenants at the center include Capriotti’s Sandwich Shop, Flix Brewhouse and Texas Family Fitness. Baylor Worman and Grayson Duyck of Matthews represented the buyer, a private investor, in the transaction. Michael Austry and Jared Aubrey of CBRE represented the seller. 

Continue Reading
0 FacebookTwitterLinkedinEmail
College-Plaza_Fort-Myers-Fla
FloridaInvestment salesNews

CBRE Brokers $14.6 Million Sale of College Plaza Retail Center in Fort Myers, Florida

by Hayden Spiess

Fort Myers, Fla. — CBRE has brokered the $14.6 million sale of College Plaza, a retail center located in Fort Myers. An entity doing business as College Plaza Center LLC acquired the property from an entity doing business as College Venture 1 LLC. Jim Shiebler of CBRE represented both the buyer and seller in the transaction. Tenants at College Plaza, which totals 56,386 square feet, include Ada’s Natural Market, West Marine and Pet Supermarket. The center also features an outparcel occupied by Five Guys, Tijuana Flats and The Good Feet Store. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTexas

Headwall Investments Acquires 29,114-Square-Foot Shopping Center in Metro Houston

by Hayden Spiess

Pasadena, Texas — Headwall Investments has acquired Fairmont Crossing Retail Center, a 29,114-square-foot shopping center located in Pasadena, roughly 15 miles outside Houston. Tenants at the property, which is situated on 3.3 acres, include Red Wing Shoes, Thriveworks, Just Love Coffee, Kirkwood Medical Associates and Fidelity National Title. The property was originally developed in two phases in 2008 and 2012. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts