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6603-W-Canal-Dr-Kennewick-WA

Newmark Brokers Sales of Two Retail Properties in Washington Totaling 124,660 Square Feet

Kent and Kennewick, Wash. — Newmark has arranged the sales of two retail properties, totaling 124,660 square feet, in Kent and Kennewick. One property is a 67,240-square-foot vacant former Tops Foods Grocer, located in Kent. The property is part of

…

  • February 3, 2023
Walgreens_Hartsville

Walgreens-Leased Store in Hartsville, South Carolina Trades Hands in $5 Million Transaction

Hartsville, S.C. — A 14,450-square-foot retail property located in Hartsville has traded hands in a $5 million sale. The store is net-leased to Walgreens, which has a little less than 11 years remaining on the lease, as well as 50

…

  • February 2, 2023
Fresh-Thyme-Northville-Mich

Marcus & Millichap Arranges $4.7 Million Acquisition Financing for Single-Tenant Retail Property in Metro Detroit

Northville, MIch. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $4.7 million loan for the acquisition of a single-tenant building in Northville, a northwest suburb of Detroit. Built in 2015, the 28,780-square-foot property is occupied by Fresh Thyme

…

  • February 1, 2023
Zaxbys-Clermont-Fla

Metro Orlando Restaurant Property Trades Hands in $3.3 Million Sale

Clermont, Fla. — A single-tenant restaurant property located in Clermont, approximately 25 miles west of Orlando, has been sold for $3.3 million. The building is occupied by Zaxby’s on a net-lease basis. Dominic Sulo and Benjamin Bach of Marcus &

…

  • January 31, 2023
2727-2817-W-Belleview-Ave-Littleton-CO

Blue West Capital Brokers $4 Million Sale of Shops at Belleview in Metro Denver

Littleton, Colo. — Blue West Capital has arranged the acquisition of Shops at Belleview, a net-leased retail building located in Littleton, approximately 10 miles south of Denver. A Hawaii-based 1031 exchange investor acquired the property from an undisclosed seller for

…

  • January 30, 2023
Heartland-Dental-Meridian-Idaho

Hanley Arranges Sale of 4,200-Square-Foot Single Tenant Retail Property in Metro Boise

Meridian, Idaho — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed 4,200-square-foot retail building located in Meridian, roughly 11 miles west of Boise. The single-tenant property is occupied by Heartland Dental, operating as Dental

…

  • January 24, 2023
mmwalmartsale

Marcus & Millichap Arranges $2.9 Million Sale of Net-Leased Walmart Property in Southeast Missouri

Malden, Mo. — Marcus & Millichap has brokered the sale of a 43,770-square-foot retail property occupied by Walmart in Malden, which is part of the Missouri Bootheel in the southeast portion of the state. A limited liability company purchased the

…

  • January 13, 2023
REI-Coop-Tysons-Va

Avison Young Brokers $20.4 Million Sale of Single-Tenant Property in Suburban Washington, D.C.

Tysons, Va. — Avison Young has brokered the sale of a 32,857-square-foot, single-tenant retail property located in Tysons, a western suburb of Washington, D.C. An institutional buyer acquired the building for $20.4 million. Jonathan Hipp, Richard Murphy and Timothy Farrell

…

  • January 12, 2023
Walgreens-Coral-Way-Miami

SRS Brokers $14.4 Million Sale-Leaseback of Walgreens-Occupied Property in Miami

Miami — SRS Real Estate Partners’ National Net Lease Group (NNLG) has facilitated the $14.4 million sale of a single-tenant retail property located in Miami. Comprising 16,285 square feet, the property is occupied by the seller, Walgreens, which has signed

…

  • January 9, 2023
Freddy's-Owensboro-Ky

Marcus & Millichap Arranges $2.5 Million Sale of Single-Tenant Property in Western Kentucky

Owensboro, Ky. — Marcus & Millichap has arranged the sale of a single-tenant 2,584-square-foot property located in Owensboro. Dan Yozwiak and Darpan Patel represented the undisclosed buyer in the $2.5 million transaction. Freddy’s Frozen Custard & Steakburgers occupies the property,

…

  • January 6, 2023
Galleria-Elgin-Ill

Marcus & Millichap Brokers $27 Million Sale of Two Retail Centers in Suburban Chicago

Elgin and Orland Park, Ill. — Marcus & Millichap has arranged the sale of two retail centers located in the Chicago suburbs of Orland Park and Elgin in transactions totaling $27 million. The first property, located in Orland Park, sold

…

  • December 22, 2022
Dollar-General_Southeast

Legacy Realty Group Brokers $200 Million Portfolio Sale of 146 Southeast Stores Leased to Dollar General

New Hyde Park and New York City, N.Y. — Legacy Realty Group Advisors LLC, a commercial real estate brokerage with offices in New York, has brokered the sale of 146 stores in the Southeast leased to Dollar General. The seller,

…

  • December 20, 2022
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Industry Content

NRF: Holiday Retail Sales Rose 5.3 Percent to $936.3 Billion in 2022

 Washington, D.C. — The National Retail Federation (NRF) has reported that retail sales during 2022’s November-December holiday season rose 5.3 percent year-over-year, reaching $936.3 billion. Though the number fell short…

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Key Variable Moving Forward in Today’s Market? Motivation from Both Sides

Motivation is one of the prime drivers in any market cycle. Some markets are affected by interest rates and others by inflation. One way or another, however, a retail investment…

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Today’s Pricing Strategy is a Mix of Art, Science

There will always be a tug-of-war between retail buyers and sellers — or, really, buyers and sellers of any kind. Both parties want to achieve the best price, but that…

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City of Murrieta: Experiential Leads Retail Expansion in Evolving California City

The City of Murrieta, located in Southern California, has seen explosive growth, leading to expanding retail potential — especially in the experiential arena. The city's retail successes have been based on its…

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Cullinan Properties: Mixed-Use Properties Use Retail to Drive Value

Real estate is densifying across the country, and retail has become an important amenity as people seek to live, work and play all together in mixed-use locations. The pandemic sped up…

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Faris Lee: Abundant Capital, Sales Volume Rise as Investors Pursue Retail

Investment volume, capital and competition in the retail sector have been at unprecedented levels lately, leading to lower cap rates as well as more flexibility than investments in multifamily and…

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The Necessity Retail REIT: Growing a Recession-Resilient, Necessity Retail Portfolio

What does it take to build a $5.2 billion recession-resilient, necessity retail property portfolio? Reporter Nellie Day of Retail Insight explored this topic and more with Jason Slear, Executive Vice…

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NewMark Merrill: Prop Tech Solutions to Retail Challenges

Shopping center developers, owners and managers are using property technology (prop tech) to make sense of a wealth of new, retail-generated data to create an ongoing, positive experience for customers. Sandy Sigal,…

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Industry News

  • Newmark Brokers Sales of Two Retail Properties in Washington Totaling 124,660 Square Feet
  • Red Mountain Group Purchases Portfolio of Former Big Lots Stores for $47.5 Million
  • Marcus & Millichap Arranges Sale of 40,448-Square-Foot Retail Center in Eastern Tennessee
  • SVN | J. Beard Arranges Sale of 3,600-Square-Foot Retail Property in Metro Houston
  • Pier 57 Unveils 15-Vendor Lineup for Market 57 Food Hall in New York City

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