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Annapolis Town Center
Investment salesMarylandNews

Federal Realty Acquires Retail Portion of Annapolis Town Center in Maryland for $187 Million

by Abby Cox

Annapolis, Md. — Federal Realty has acquired the 480,000-square-foot retail component of Annapolis Town Center, a mixed-use development located in Parole, a suburb of Annapolis, for $187 million. Whole Foods Market anchors the center, which was 89 percent leased at the time of sale, according to the Baltimore Business Journal. Additional tenants include Anthropologie, Sephora, Restoration Hardware, Starbucks Coffee, P.F. Chang’s and Williams Sonoma, as well as a Life Time athletic club. Annapolis Town Center originally opened in 2008 and totals roughly 2 million square feet of office, retail and …

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DICK’S Sporting Goods
CaliforniaInvestment salesNews

Hanley Investment Group Brokers $25 Million Sale of Two-Tenant Retail Property in Metro Los Angeles

by Abby Cox

Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $25 million sale of a two-tenant retail property located in Santa Clarita, roughly 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, the 83,953-square-foot property is occupied by DICK’S Sporting Goods and Burlington. DICK’S has extended its lease and remodeled its store. Meanwhile, Burlington has acquired the lease previously held by JOANN after its bankruptcy. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, …

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Hales Corner
FinanceNewsWisconsin

MMCC Secures $8 Million in Financing for Retail Center in Suburban Milwaukee

by Abby Cox

Hales Corners, Wis. — Marcus & Millichap Capital Corp. (MMCC) has secured an $8 million loan for Hales Corners Plaza, a 94,207-square-foot retail center in the Milwaukee suburb of Hales Corners. The property is fully leased to tenants such as Great Clips, AT&T, a nail salon and a physical therapy clinic. Michael Hughes of MMCC arranged the financing on behalf of the private client. A credit union provided the five-year loan, which features a 75 percent loan-to-value ratio, 6 percent interest rate and 30-year amortization period.

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Republic Square
Investment salesNewsTexas

Disney Investment Arranges Sale of Republic Square in Metro Austin

by Abby Cox

Georgetown, Texas ­— Disney Investment Group (DIG) has arranged the sale of Republic Square, a 113,772-square-foot neighborhood shopping center located in Georgetown, approximately 27 miles north of Austin. Republic Square features 34 tenants, including Harbor Freight, Dollar Tree, Starbucks Coffee, Chipotle Mexican Grill, Pizza Hut, One Main Financial and Subway. Built in 1974, the property is situated on nearly 73 acres, according to LoopNet Inc. David Disney and Adam Crockett of DIG represented the California-based seller and procured the Texas-based buyer in the transaction. The price was not disclosed.

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Heisman Square
Grocery-anchoredInvestment salesNewsOklahoma

STRIVE Negotiates Sale of 28,875-Square-Foot Retail Center Near Oklahoma City

by Abby Cox

Norman, Okla. — STRIVE has negotiated the sale of Heisman Square, a 28,875-square-foot retail center located in Norman, near the University of Oklahoma campus. Local grocery chain Homeland anchors the property, which was 87 percent leased at the time of sale. Other tenants at Heisman Square include Ace Hardware, Cato, At The Beach and Supercuts. Braden Bratcher and Hudson Lambert of STRIVE represented the seller, a Los Angeles-based private partnership, and sourced the buyer, a Southeast-based partnership, in the transaction. The sales price was not disclosed.

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Chipotle Mexican Grill
IllinoisInvestment salesNewsRestaurants

Boulder Group Brokers $2.6 Million Sale of Single-Tenant Restaurant Property in Chicago

by Abby Cox

Chicago — The Boulder Group has brokered the $2.6 million sale of a single-tenant restaurant property in Chicago. Situated near Lincoln Village Shopping Center, Chipotle Mexican Grill occupies the 2,160-square-foot building on a 20-year lease. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based real estate investor, and the buyer, a Southwest-based real estate investment fund, in the transaction.

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Sprouts Farmers Market
CaliforniaGrocery-anchoredLeasingNews

Sprouts Signs 23,300-Square-Foot Lease at Jurupa Valley Spectrum Shopping Center in California 

by Abby Cox

Jurupa Valley, Calif. — Sprouts Farmers Market has signed a 23,300-square-foot anchor lease at Jurupa Valley Spectrum Shopping Center, a 124,817-square-foot shopping center located in Jurupa Valley. The new Sprouts store, which is scheduled to open in 2026, will occupy a portion of a former movie theater that closed last year. Additional tenants at the property include Crunch Fitness, Big 5, Starbucks Coffee, AT&T, Walgreens, DaVita, Wingstop, T-Mobile and Verizon Wireless.  Roxanne Klein of Progressive Real Estate Partners marketed the property and represented the center’s owner, Kite Family LP, in the transaction. Ryan Sullivan and Jeff …

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Lindsay Square
ArizonaInvestment salesNews

Kidder Mathews Arranges Sale of Lindsay Square in Suburban Phoenix for $13 Million

by Abby Cox

Gilbert, Ariz. — Kidder Mathews has arranged the $13 million sale of Lindsay Square, a 46,728-square-foot neighborhood shopping center located in Gilbert, a suburb of Phoenix. Tenants at the property include a mix of service-oriented retailers such as a daycare, fitness center, veterinary clinic, dry cleaner and specialty schools, as well as various restaurants. Jenette Bennett and Michelle Gardner of Kidder Mathews represented the buyer, a Washington-based family investment firm.

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Village Square Plaza
Investment salesNew JerseyNews

Marcus & Millichap Arranges Sale of 53,077-Square-Foot Retail Center in Metro Philadelphia for $11.4 Million

by Abby Cox

Lawrenceville, N.J. — Marcus & Millichap has arranged the $11.4 million sale of Village Square Plaza, a 53,077-square-foot retail center located in Lawrenceville, roughly 40 miles northeast of Philadelphia. First Bank anchors the two-building property, which was 97 percent leased at the time of sale to 15 tenants including Kumon and Eastern Dental. Built in 1990, Village Square Plaza is situated on nearly 8 acres. Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the seller in the transaction.

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Wender Plaza
Investment salesNewsTexas

TSM Ventures Acquires 63,976-Square-Foot Shopping Center in San Antonio

by Abby Cox

San Antonio — TSM Ventures Inc. has acquired Wender Plaza, a 63,976-square-foot shopping center located in San Antonio. Sprouts Farmers Market anchors the newly constructed property, which was fully leased at the time of sale. Chace Henke and Micha van Marcke of Edge Capital Markets represented the seller, a regional developer, in the transaction.

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