News

Shoppes-at-Victoria-Square
FloridaInvestment salesNews

MHCommercial Real Estate Fund Acquires Shoppes at Victoria Square on Florida’s Space Coast for $16 Million

by Abby Cox

Merritt Island, Fla. — A TIC including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square, for $16 million. Situated approximately 50 miles east of Orlando near the Kennedy Space Center, the Shoppes at Victoria Square totals 109,000 square feet and is anchored by Burlington, Five Below and Ulta Beauty. The property was 98 percent leased at the time of sale. John K. Crotty, Michael T. Fay, David Duckworth, Brian C. De …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesMixed-useNews

Concord Wilshire Acquires 43-Acre Mixed-Use Development Site in Royal Palm Beach, Florida for $60 Million

by Abby Cox

Royal Palm Beach, Fla. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the previous owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsTexas

Newman Commercial Purchases 7,100-Square-Foot Retail Center in The Woodlands, Texas

by Abby Cox

The Woodlands, Texas — Newman Commercial Real Estate has acquired Grogan’s Forest Center, a 7,100-square-foot neighborhood center located in The Woodlands, a mixed-use development located about 30 miles north of Houston. Serving as a convenience-oriented retail node within the Grogan’s Mill area, the center is home to a mix of tenants including Komeya Sushi & Ramen, Great Clips, Prime Dental Care USA and Feng Cha.

Continue Reading
0 FacebookTwitterLinkedinEmail
Mister_Car_Wash_Kemah_TX
Investment salesNewsTexas

RealSource Group Arranges $5.4 Million Sale of Single-Tenant Retail Property in Metro Houston

by Abby Cox

Kemah, Texas — RealSource Group has arranged the $5.4 million sale of a single-tenant retail property located in Kemah, roughly 30 miles southeast of downtown Houston. Mister Car Wash occupies the 5,462-square-foot building, which was built in 2021, on a corporate guaranteed lease. Austin Blodgett and Jonathan Schiffer of RealSource Group, in association with ParaSell Inc., represented the seller, a private investor based in Houston. Chase Cameron of Matthews Real Estate Investment Services represented the Southern California-based buyer. Tucson, Arizona-based Mister Car Wash operates more than 550 locations nationwide and …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNews

Valore Ventures Sells 5,597-Square-Foot Single-Tenant Restaurant Property in Northern California

by Abby Cox

Chico, Calif. — Valore Ventures has sold a newly constructed, single-tenant restaurant property located at 2018 Forest Ave. in Chico. Chick-fil-A occupies the 5,597-square-foot building, which features a dual-lane drive-thru. Matthew Mousavi and Patrick Luther of SRS Real Estate Partners represented Valore Ventures in the transaction. Michael Matter of JLL represented the buyer, a local private investor. Additional details were not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
coconut-creek
FloridaInvestment salesNews

Levy Realty Advisors Arranges $20 Million Sale of 124,000-Square-Foot Shopping Center Near Fort Lauderdale

by Abby Cox

Coconut Creek, Fla. — Levy Realty Advisors has arranged the $20 million sale of a 124,000-square-foot shopping center located at 6806-6814 N. State Road-7 in Coconut Creek, approximately 13 miles north of Fort Lauderdale. Brandon Abdelnour and Marcel Saraskin of Encore Real Estate Investment Services represented the buyer, BrassWater, a Montreal-based real estate development firm. Alan Levy and Lielle Sosa of Levy Realty Advisors represented the seller, Coconut Fields, in the transaction. Park Creek Surgery Center anchors the center, which features additional tenants such as Haverty’s and Akumin.

Continue Reading
0 FacebookTwitterLinkedinEmail
Daves_Hot_Chicken_Fairfax
ConnecticutDevelopmentIllinoisMinnesotaNew YorkNewsNorth CarolinaOhioRestaurantsUtah

Dave’s Hot Chicken Opens Record Eight Restaurants in a Single Day

by Abby Cox

Pasadena, Calif. — Dave’s Hot Chicken opened eight new restaurants on April 16, expanding its footprint to more than 400 locations worldwide. The fast-casual concept, which originated in Los Angeles, is bringing its Nashville-style hot chicken to multiple markets, including Fairlawn, Ohio; Oneonta, New York; Edina, Minnesota; Gastonia, North Carolina; Arlington Heights, Illinois; Miami; Saratoga, Utah; and Waterford, Connecticut. Founded in 2017, Dave’s Hot Chicken has sold the rights to more than 1,020 franchise locations in the U.S., Europe, the Middle East and Canada, and will open 70-plus locations this year.

Continue Reading
0 FacebookTwitterLinkedinEmail
spice-and-tea-exchange
DevelopmentFloridaNewsOklahomaRetailersVirginia

The Spice & Tea Exchange Signs New Franchise Deals Across Oklahoma and Virginia

by Abby Cox

St. Augustine, Fla. — St. Augustine, Florida-based specialty retail brand The Spice & Tea Exchange has signed a franchise agreement to open seven new stores across Oklahoma and Virginia. The newly signed agreements include one unit in Guthrie, Oklahoma; two, three-unit development deals in Fredericksburg, Charlottesville and Roanoke, Virginia; and Lexington, plus two additional territories to be announced. These deals build upon the brand’s existing footprint in Sulphur, Oklahoma, and Richmond and Williamsburg, Virginia. Development timelines and projected opening dates for the new locations will be released in the coming …

Continue Reading
0 FacebookTwitterLinkedinEmail
513-Merritt_Nashville
Investment salesNewsTennessee

Carmichael Capital Acquires 22,802-Square-Foot Adaptive Reuse Retail Property in Nashville, Tennessee

by Abby Cox

Nashville, Tenn. — Carmichael Capital LLC, a locally based real estate investment firm founded by Taylor Camp, has acquired The Mill, a 22,802-square-foot adaptive reuse retail property located at 515 Merritt Ave. in Nashville’s Wedgewood-Houston neighborhood. SomeraRoad, a mixed-use development firm based in Nashville, sold the property for an undisclosed price. The Mill’s tenant roster comprises retail and restaurant concepts including Indochino, Hermitage Kitchen Gallery, Gordo’s Taqueria and BC Block Fitness. Kipper Worthington of Cushman & Wakefield handles the leasing assignment at The Mill, which is the second acquisition in …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNews

CBRE Brokers Sale of 96,946-Square-Foot Shopping Center in Metro Orlando

by Abby Cox

Casselberry, Fla. — CBRE has brokered the sale of Casselberry Square, a 96,946-square-foot shopping center located at the intersection of State Road 436 and Red Bug Lake Road in Casselberry, a suburb of Orlando. The property was fully leased at the time of sale to tenants including Ollie’s Bargain Outlet, Pet Supermarket and Dollar General. Dennis Carson, Casey Rosen, Dan Baker and Michael Etemad of CBRE represented the seller in the transaction, which included two vacant outparcels. Daryl Carter and Emily Brown of Maury L Carter & Associates co-represented the …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts