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Waldorf-Park
Investment salesMarylandNews

SRS Real Estate Brokers $10.8 Million Sale of Waldorf Park in Southern Maryland

by Abby Cox

Waldorf, Md. — SRS Real Estate Partners has brokered the $10.8 million sale of Waldorf Park, a 22,425-square-foot retail property located in Waldorf, roughly 23 miles south of Washington, D.C. Built in 2022, the property is 93 percent occupied by 12 tenants including Comprehensive Primary Care, Club Pilates and Naz’s Halal Food. Waldorf Park also sits adjacent to St. Charles Town Center, a 1.1 million-square-foot shopping center anchored by Dick’s Sporting Goods. Andrew Fallon and Philip Wellde Jr. of SRS Real Estate Partners represented the seller, Republic Land Development, in …

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stop-and-shop
Grocery-anchoredInvestment salesMassachusettsNews

JLL Negotiates $8.5 Million Sale of Single-Tenant Retail Property in Suburban Boston

by Abby Cox

Beverly, Mass. — JLL Capital Markets has negotiated the $8.5 million sale of a freestanding retail property located in Beverly, roughly 20 miles northeast of downtown Boston. The 60,666-square-foot building is fully leased to Stop & Shop, which has operated at the location since 1986. The site spans 4.9 acres and originated as the first Marshalls store in the United States, according to JLL. The property has been owned by the Marshalls family since its inception in 1956. Alex Quinn, Zach Nitsche, Sam Wiesman and Joe Marinaro of JLL represented the seller in the …

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Eastchester-NY-750 White-Plains-Rd
Investment salesNew YorkNews

Zelco Properties Purchases 200,473-Square-Foot Retail Property in Eastchester, New York

by Abby Cox

Eastchester, N.Y. — Zelco Properties, along with an institutional real estate investment management firm and operating partner, has acquired 750 White Plains Road, a 200,473-square-foot retail property located within the Vernon Hills Shopping Center in Eastchester, approximately 20 miles north of New York City. Formerly occupied by Lord & Taylor, the multi-level property is anchored by White Plains Hospital, which spans 74,500 square feet. New ownership plans to reposition the property with new tenants, with confirmed retailers and restaurants such as a luxury health club, a regional bakery and café, a …

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Mixed-useNewsTexas

CBRE Arranges Financing for 353,000-Square-Foot Mixed-Use Property in San Antonio

by Abby Cox

San Antonio — CBRE has arranged financing for The Legacy, a 353,000-square-foot mixed-use property located in San Antonio. John Fenoglio and Brock Hudson of CBRE secured the nonrecourse loan on behalf of the borrower, a partnership between San Diego-based Rio Capital Investments and New York City-based Triangle Capital Group. The Legacy is designed as a live-work-play environment and spans more than 32 acres. Tenants at the property include Lifetime Fitnesss, Best Buy, Specs, Buffalo Wild Wings, Starbucks Coffee and Main Event, along with a Home2 Suites by Hilton hotel.

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Lakeside-Crossing
LeasingMarylandNewsVirginia

Divaris Real Estate to Provide Leasing for Two Shopping Centers in Virginia, Maryland

by Abby Cox

Lynchburg, Va. and Owings Mills, Md. — Divaris Real Estate has been selected to provide leasing for two shopping centers located in Virginia and Maryland. Sara Goodall and Sam McCoy of the firm will handle leasing for Lakeside Crossing, a 67,034-square-foot shopping center located in Lynchburg. The Fresh Market anchors the property, which features additional tenants such as Petco, Panera Bread and Chipotle Mexican Grill. James O’Neill and Shadi Ayyoubi will lead leasing efforts for New Town Village, a 116,303-square-foot neighborhood center located within the master-planned community of New Town …

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Legacy-Place_AdventHealth_Villages
DevelopmentFloridaMixed-useNews

Benderson, The Villages to Develop 700-Acre Hospital-Anchored Mixed-Use Campus in Central Florida

by Abby Cox

The Villages, Fla. — Benderson Development, in a collaboration with The Villages, has announced plans to develop Legacy Place, a 700-acre mixed-use development in Central Florida. The project will be situated along three miles of Florida’s Turnpike near County Road 470 and Central Parkway and serve as the southern gateway to The Villages master-planned community. A new 25-acre hospital operated by Florida-based AdventHealth will anchor Legacy Place, serving communities across Sumter, Lake and Marion counties, including residents within The Villages. Construction on the 80-bed hospital, which will have emergency and surgical …

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GeorgiaGrocery-anchoredIllinoisNewsNorth CarolinaOhioSouth CarolinaTennesseeVirginia

Continental Realty Acquires 14-Property Shopping Center Portfolio in Southeast, Midwest

by Abby Cox

Baltimore and Hillard, Ohio — Continental Realty Corp. has purchased a 14-property shopping center portfolio located across seven states in the Southeast and Midwest. The Baltimore-based firm purchased the more than 2 million-square-foot portfolio from Hillard-based US Properties Group for an undisclosed price. Chris Decoufle and Kevin Hurley of CBRE represented the seller in the off-market transaction. The acquisition grows Continental Realty’s holdings to nearly $5 billion in assets under management and expands its geographic footprint to 16 states, including its entry into Ohio. The portfolio was 93 percent leased at …

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Laemmle-NoHo7-La-Ca
CaliforniaInvestment salesNews

Pegasus Brokers $6.5 Million Sale of Theater-Anchored Mixed-Use Property in North Hollywood

by Abby Cox

Los Angeles — Pegasus has arranged the $6.5 million sale of Laemmle NoHo 7, a 32,809-square-foot theater-anchored retail and office property in the North Hollywood neighborhood of Los Angeles. David Chasin of Pegasus represented the buyer, a locally based investor group led by the Laemmle family — founders and operators of Laemmle Theatres. Located at 5240 Lankershim Blvd. in the NoHo Arts District, the property was originally constructed in 2011. The acquisition was completed as part of a 1031 exchange following the disposition of a former theater property previously owned …

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1440-Brittmoore-The-Outpost
DevelopmentInvestment salesMixed-useNewsTexas

PAGEWOOD Buys 14,000-Square-Foot Office, Retail Building in West Houston, Plans Redevelopment

by Abby Cox

Houston — PAGEWOOD has purchased a 14,000-square-foot office and retail building at 1440 Brittmoore Road in West Houston, with plans for a redevelopment. The local owner-operator plans to occupy 6,000 square feet within the building for its new headquarters and will lease the remaining space to food-and-beverage and fitness concepts. The project, which will be known as The Outpost at Brittmoore, is expected to be completed in the fourth quarter. 

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pecanland-mall
Investment salesLouisianaNews

Kohan Retail Acquires 964,123-Square-Foot Pecanland Mall in Monroe, Louisiana

by Abby Cox

Monroe, La. — Kohan Retail Investment Group has acquired Pecanland Mall, a 964,123-square-foot regional shopping center located in Monroe. Originally opened in 1985, the mall features more than 100 specialty shops, along with a food court. Tenants include Belk, Dillard’s, Dick’s Sporting Goods, JCPenney, American Eagle, Aerie, Bath & Body Works, The Children’s Place, Old Navy and Victoria’s Secret. Newmark brokered the transaction.

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