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The Headquarters
CaliforniaFinanceInvestment salesNews

JLL Negotiates $34.9 Million Sale of Waterfront Retail Center in San Diego

by Abby Cox

San Diego — JLL Capital Markets has arranged the $34.9 million sale and financing of The Headquarters, a 73,823-square-foot open-air shopping center in San Diego’s Marina District at the entrance to Seaport Village. A private real estate investment firm sold the property to a private real estate partnership. The Headquarters, formerly the San Diego Police headquarters complex, was completely repositioned in 2013 and features a mix of food and beverage, daily needs and apparel tenants. The property was 83.3 percent leased at the time of sale. Current tenants include Eddie …

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7-Eleven
CaliforniaInvestment salesNews

Marcus & Millichap Brokers $8 Million Sale of Single-Tenant Retail Property in Silicon Valley

by Abby Cox

Morgan Hill, Calif. — Marcus & Millichap has brokered the $8 million sale of a single-tenant retail property located at 18590 Skipper Lane in Morgan Hill. Built in 2021 on a 1.3-acre lot, 7-Eleven occupies the 3,700-square-foot property. Darpan Patel, James Defusto and Dan Yozwiak of Marcus & Millichap represented the seller in the deal. Tony Solomon of Marcus & Millichap served as broker of record in California.

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East River
DevelopmentLeasingNewsTexas

Three New Retail Tenants Open at East River Mixed-Use Development in Houston  

by Abby Cox

Houston — Three new tenants have opened at East River, a 150-acre, multi-phase mixed-use development underway in Houston. Ayna Jewels has debuted a 1,600-square-foot jewelry boutique, while Tomi Jewelry, an additional jewelry retailer at East River, has introduced its first store totaling 880 square feet. Meanwhile, the Houston Maritime Center and Museum will feature exhibits, artifacts and interactive displays within its newly redeveloped space overlooking the Buffalo Bayou Park. Restaurants such as La Calle Tacos and Laffa Mediterranean are scheduled to open this fall. Other tenants already operating at East River …

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Carriage Square
CaliforniaCompany newsNews

NewMark Merrill Cos. to Manage Carriage Square in Oxnard, California

by Abby Cox

Oxnard, Calif. — Calabasas, California-based NewMark Merrill Cos. has been selected to provide management services at Carriage Square, a 205,565-square-foot shopping center located in Oxnard. NewMark Merrill now owns and/or manages 110 shopping centers across California, Colorado and Illinois. Originally built in the 1960s, Carriage Square underwent a major redevelopment in 2011 to improve its existing retail space, such as constructing a new 171,069-square-foot retail pad for Lowe’s. Other tenants at the center, which is fully occupied, include KFC, IHOP, O’Reilly Auto Parts, 7-Eleven, Master’s Donuts and Pacific Oaks Federal …

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The Plaza at East Cooper
Grocery-anchoredInvestment salesNewsSouth Carolina

JLL Arranges $14.3 Million Refinancing for Shopping Center Near Charleston, South Carolina

by Abby Cox

Mount Pleasant, S.C. — JLL Capital Markets has arranged $14.3 million in refinancing for The Plaza at East Cooper, a 102,731-square-foot shopping center located in Mount Pleasant, roughly two miles from downtown Charleston. Eric Tupler, Rob Bova and Ellie Savage of JLL’s Debt Advisory team, along with Alexis Kaiser of JLL’s Charlotte office, represented the borrower, Bamoza LLC, in securing the loan through an insurance company lender. ALDI anchors The Plaza at East Cooper, which was 85 percent leased at the time of sale. Other tenants include Firehouse Subs, Batteries …

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Former NYT building
Investment salesNew YorkNews

Private Venture Acquires Retail Portion of Former New York Times Building for $28 Million, Plans Redevelopment

by Abby Cox

New York City — A Delaware-based private venture doing business as Forum at Times Square has acquired 245,419 square feet of retail space in the former New York Times building for $28 million. Jack Stillwagon and Doug Middleton of CBRE Capital Markets brokered the transaction. Jay Miller and AJ Felberbaum of BayBridge Real Estate Capital represented the buyer. Since 2020, the property’s mortgage has been in various stages of special servicing, foreclosure and receivership, prior to being acquired by the lender group in a 2024 foreclosure auction. The retail portion of the building — which …

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1220 SW 8th St. Miami, Florida
FloridaInvestment salesNews

Marcus & Millichap Brokers $4.2 Million Sale of Development Site in Miami

by Abby Cox

Miami — Marcus & Millichap has brokered the $4.2 million sale of an 11,042-square-foot development site located in the Little Havana neighborhood of Miami. Formerly home to the Wagon Wheel Motel, the site is situated within the Arts and Entertainment district. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, along with Nicholas Hassan, also of Marcus & Millichap.

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Freestanding retail building in Palm Desert
CaliforniaInvestment salesNews

Progressive Real Estate Partners Negotiates $1.8 Million Sale of Retail Property in Southern California

by Abby Cox

Palm Desert, Calif. — Progressive Real Estate has negotiated the $1.8 million sale of a 5,000-square-foot freestanding retail building located in the Downtown Edge District of Palm Desert. The buyer, a family that owns and operates the neighboring Shiraz Rug Co., acquired the building to expand the store’s operations by an additional 5,000 square feet. Heather Sharp of Progressive arranged the sale.

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Investment salesNewsTexas

CenterSquare Buys 21,777-Square-Foot Shopping Center in Metro Houston

by Abby Cox

Conroe, Texas — Conshohocken, Pennsylvania-based CenterSquare has acquired the Commons at Harper’s Preserve, a 21,777-square-foot service retail shopping center located in The Woodlands, roughly 40 miles north of Houston. Built in 2022 on 4.4 acres, the property was 91 percent leased to a mix of tenants at the time of sale, including Dunkin’ Donuts, Five Guys, Jeremiah’s Italian Ice, Little Caesar’s and Next Level Urgent Care. This marks CenterSquare’s 11th acquisition in Texas.

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Bensalem Crossings
Grocery-anchoredInvestment salesNewsPennsylvania

Hanley Investment Group Arranges $12.5 Million Sale of Bensalem Crossings in Metro Philadelphia

by Abby Cox

Bensalem, Pa. — Hanley Investment Group Real Estate Advisors has arranged the $12.5 million sale of Bensalem Crossings, a 67,215-square-foot shopping center located in Bensalem, roughly 19 miles north of Philadelphia. Bensalem Crossings was fully leased at the time of sale and is anchored by ShopRite and CVS, which occupies 93 percent of the shopping center. Other tenants at the property include Verizon Wireless and a T-Mobile cell phone tower. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley Investment, in association with ParaSell Inc., represented both the seller, Adler Realty …

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