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Avenue-South-Centerra
ColoradoDevelopmentMixed-useNews

Realberry Breaks Ground on 140-Acre Avenue South Mixed-Use District at Centerra in Colorado

by Abby Cox

Loveland, Colo. — Denver-based real estate investor and developer Realberry has begun vertical construction on the retail core of Avenue South, a 140-acre mixed-use project within the Centerra community in Loveland, 46 miles north of Denver. The development will create a walkable district integrating retail, office, dining and thousands of new homes at the intersection of I-25 and U.S. Highway 34. Approved by the City of Loveland in 2023, Avenue South will extend miles of trails and open space while introducing large-scale retail, dining and gathering places to keep pace …

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28-Newbury-St.-Boston
Investment salesMassachusettsNews

Newmark Arranges $113.5 Million Sale of Two Boston Retail Properties

by Abby Cox

Boston — Newmark has arranged the $113.5 million sale of two retail properties in Boston’s Back Bay neighborhood. The properties are located at 4-6 and 28 Newbury St. and house flagship stores of luxury retailers Chanel and Cartier. The Chanel store spans 10,328 square feet across two stories, and the Cartier store totals 18,942 square feet. Robert Griffin, Geoffrey Millerd and Paul Penman of Newmark represented the seller, New York City-based ASG Equities, in the transaction. The team also procured the buyer, a joint venture between Acadia Realty Trust and …

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Valley-Plaza-Pomona-CA
CaliforniaInvestment salesNews

Progressive Real Estate Partners Brokers $2.6 Million Sale of 11,720-Square-Foot Retail Center in Metro Los Angeles

by Abby Cox

Pomona, Calif. — Progressive Real Estate Partners has brokered the $2.6 million sale of Valley Plaza, an 11,720-square-foot, multi-tenant retail property located in Pomona, approximately 30 miles east of downtown Los Angeles. Built in 1993, Valley Plaza was fully leased at the time of sale to tenants such as Maria’s Taco/Panaderia Jaliscos, Pomona Water & Ice, Pearl Dental Care and Curry Time. Trinnie Lee of Progressive Real Estate Partners represented the seller, a private investor, while Mark Wilson of Channel Investment Group represented the buyer, also a private investor, in …

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Fairview Town Center
LeasingNewsTexas

Academy Sports + Outdoors to Backfill Former Macy’s Store at Fairview Town Center in Texas

by Abby Cox

Fairview, Texas — Academy Sports + Outdoors has signed a lease to backfill the former 130,000-square-foot Macy’s space at Fairview Town Center, a 921,075-square-foot lifestyle center located in Fairview, roughly 30 miles north of downtown Dallas. Academy’s new store, which is currently being remodeled, will span 65,400 square feet and is expected to open by this summer. Thomas Glendenning of SHOP Cos. arranged the lease on behalf of Fairview Economic Development Corp. Additional tenants at Fairview Town Center, which was built in 2009, include Whole Foods Market, JCPenney, Dillard’s, Jos. A. …

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Retail-at-The-VUE
IllinoisLeasingMixed-useNews

The VUE Mixed-Use Project in Metro Chicago Opens New Retailers

by Abby Cox

Elk Grove Village, Ill. — Nicholas & Associates and Wingspan Development Group of the Nicholas Family of Cos. have opened the initial commercial phase of The VUE, a 10-acre mixed-use development in Elk Grove Village, about 20 miles northwest of Chicago. The retail tenants include Tensuke Market and Food Court, 7 Mile Cycles, Jarosch Bakery and Vini’s Pizza. Plans for The VUE include a 271-unit apartment community, 16 rental townhomes, a multi-story clubhouse with a pool and other amenities for residents, as well as 52,000 square feet of retail space. …

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Lake-Nona-West_Orlando
FloridaLeasingNews

Tavistock Signs Four Retailers at Lake Nona West Shopping Center in Orlando

by Abby Cox

Orlando, Fla. — Tavistock Development has signed leases with four new tenants to join Lake Nona West, a walkable, 405,000-square-foot shopping center underway in the Lake Nona master-planned community in Orlando. The 54-acre, Target-anchored shopping center is set to debut next month. New retailers joining the development include Drybar, Just Salad, Gloss Nail Co. and Kilwins Ice Cream. Previously announced tenants at Lake Nona West include Homesense, Barnes & Noble, Dick’s Sporting Goods, Golf Galaxy, Total Wine & More, JETSET Pilates, Nordstrom Rack, Sephora and Canonita, a Mexican restaurant.

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Ghirardelli-Square_San-Francisco_Evening
CaliforniaInvestment salesMixed-useNews

Jamestown Sells Historic Ghirardelli Square Shopping Center in San Francisco

by Abby Cox

San Francisco — Jamestown LP, a mixed-use developer and operator based in Atlanta, has sold Ghirardelli Square, a historic waterfront shopping center located at 900 N. Point St. in San Francisco’s Fisherman’s Wharf District. The property comprises 12 interconnected brick buildings fronting San Francisco Bay and includes the namesake 19-foot illuminated Ghirardelli sign and that has been part of the city’s skyline since 1915. Miami-based investment firm Embrace Real Estate and its affiliate asset management company 1823 Partners purchased Ghirardelli Square from Jamestown for an undisclosed price. The new ownership has …

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Prairieview Center
Investment salesMinnesotaNews

Cushman & Wakefield Brokers $27.7 Million Sale of Grocery-Anchored Shopping Center in Suburban Minneapolis

by Abby Cox

Eden Prairie, Minn. — Cushman & Wakefield has brokered the $27.7 million sale of Prairieview Center, a 113,601-square-foot shopping center located in Eden Prairie, roughly 12 miles southwest of downtown Minneapolis. Lunds & Byerlys anchors the property, which was fully leased at the time of sale. Additional tenants include Starbucks Coffee, Culver’s and Chase Bank. Prairieview Center was originally built in 1986 and renovated in 2018. Evan Halkias, David Matheis and Zander Fried of Cushman & Wakefield represented the seller, United Properties, in the transaction. The buyer was Phillips Edison & …

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Dollar_General_Portfolio_
Investment salesNewsTennessee

Matthews Facilitates Sale of 17-Property Dollar General Retail Portfolio in Eight States

by Abby Cox

Nashville, Tenn. — Matthews has facilitated the sale of a 17-property Dollar General retail portfolio. The portfolio spans eight states: Arkansas, Iowa, Kentucky, Louisiana, Michigan, New York, Pennsylvania and Tennessee. The portfolio closed at 98.8 percent of the listing price and features absolute triple-net lease structures with a 10.2-year weighted average lease term.

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CaliforniaGrocery-anchoredInvestment salesNews

Mahoney & Associates Arranges $37.5 Million Sale of Carmel Rancho Shopping Center in California

by Abby Cox

Carmel-By-The-Sea, Calif. — Mahoney & Associates has arranged the $37.5 million sale of Carmel Rancho Shopping Center, a retail center located on the Central Coast of California in Carmel-by-the-Sea. Situated on a 295,335-square-foot land parcel, Carmel Rancho Shopping Center has 77,002 square feet of retail space. Tenants at the center include Lucky Supermarket and BevMo!. Ryan Edwards, Josh Jones and Patrick Stafford of Mahoney & Associates represented the buyer, Montage Health, and the undisclosed seller, in the deal.

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