Huntington Beach, Calif. — DJM Capital Partners has sold its ownership stake of Bella Terra, a 1 million-square-foot mixed-use development in Huntington Beach. DJM has managed and co-owned the property since 2005. The property is now fully owned by PGIM Real Estate, DJM’s long-term partner in Bella Terra. Terms of the deal were not disclosed.
Southbridge, Mass. — Chozick Realty Inc. has facilitated the $11.1 million sale of Southbridge Fair, a 113,500-square-foot retail property located in Southbridge. Situated on 13 acres, Big Y World Class Market anchors the property. Originally built in 1972 and renovated in 1996, the shopping center was fully leased at the time of sale. Additional tenants at the property include Advance Auto Parts, Aubuchon Hardware, McDonald’s, Family Dollar and Great Clips. Tom Boyle of Chozick Realty represented the undisclosed seller and procured the buyer in the transaction.
Lexington, Ky. — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open four new units in Kentucky — dubbed Cans — marking its introduction to the state. Local entrepreneur Bradley Scott and his team will own and operate the restaurants. Founded in 2019, Atlanta-based Smalls Sliders currently has 350 Cans open or under development and is active across 30 states. The first of the four restaurants is scheduled to open in early 2026, according to a company representative.
Bellevue, Neb. — Investors Realty has arranged the $13.6 million sale of Twin Creek Shopping Center located in the Omaha suburb of Bellevue. The center comprises eight retail properties totaling 83,085 square feet. River Village Twin Creek, LLC sold the property to Classic Street Partners, LLC. Ember Grummons of Investors Realty represented the seller in the transaction. Tim Kerrigan, Grant Kobes and Jared Simon of Investors Realty also represented the buyer.
Sparta, Tenn. — Cooper Commercial Investment Group has brokered the $3.6 million sale of Taft Church Station in Sparta, located in the Nashville MSA. Built in 2004, the 18,700-square-foot shopping center was 85 percent leased at the time of sale. Tenants at the property include Fast Pace Health Urgent Care, Verizon Wireless and DaVita Dialysis. The center is shadow-anchored by Walmart. Dan Cooper of Cooper Commercial represented the seller, a Texas-based private investment group, in the transaction. The Tennessee-based buyer purchased the property with a 7.9 percent cap rate.
Cary, N.C. — JLL Capital Markets has facilitated a $191 million mortgage loan for Fenton, a mixed-use development located in Cary, roughly 12 miles west of downtown Raleigh. The property includes 246,000 square feet of retail space, 183,000 square feet of office space and an apartment community — The Allison at Fenton — comprising 367 multifamily units. Chip Sykes and Kelsey Bawcombe of JLL secured the loan on behalf of the borrower, a partnership between Hines, Affinius Capital and Columbia Development. New York Life Real Estate Investors provided the mortgage financing.
Paramus, N.J. — Lidl Supermarket is opening a new location in Paramus. Lidl operates more than 12,000 stores and is active in 31 countries, offering customers fresh produce, meat, bakery items and household products. The German grocer, which has its US headquarters in Arlington, Virginia, emphasizes small-format stores, totaling an average of 25,000 square feet in the U.S. The new location will open February 12.
Irondale, Ala. — CBRE has secured a $15 million loan to refinance Cahaba Crossing, a 67,874-square-foot shopping center located in the Birmingham suburb of Irondale. Construction of the property was completed in 2023. A 48,837-square-foot Publix supermarket anchors the property. The 9.8-acre property, which is fully leased, comprises 10 tenants including The UPS Store, Starbucks Coffee and Heartland Dental. Additionally, there is a 1.45-acre outparcel reserved for future development. Carmel, Indiana-based 40|86 Advisors provided the five-year fixed-rate, interest-only loan. Richard Henry, Mike Ryan, Brian Linnihan and JP Cordiero of CBRE …
Doral, Fla. — Marcus & Millichap has arranged the $9.7 million sale of Doral Shops & Professional Center located in Doral, approximately 13 miles west of downtown Miami. The property spans 15,314 square feet and features nine tenants operating on a triple-net lease basis, including South Dental Doral, Doral Physical Therapy, Uni K Wax and La Coriana. Scott Sandelin and Edward Romo of Marcus & Millichap represented the undisclosed seller and procured the buyer in the transaction.
Rolesville, N.C. — Crosland Southeast and Core Sound Development has signed 11 new tenants to Wallbrook, an 80-acre mixed-use development located in Rolesville, roughly 17 miles northwest of Raleigh. Publix will anchor the property, which is scheduled to open its initial phase in mid-2025. The developers have pre-leased 21,000 square feet to tenants including restaurants, a dental practice, hair salon, massage parlor and Pilates gym. Additionally, Fifth Third Bank has signed a ground lease at the development outparcel. Approximately 9,000 square feet of space is still available for lease at …
