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DevelopmentLeasingMarylandNews

SRS Real Estate Completes Lease-Up of 10,576-Square-Foot Retail Development in Metro Baltimore

by Abby Cox

Linthicum Heights, Md. — SRS Real Estate Partners has completed leasing for a newly developed, 10,576-square-foot retail development in Linthicum Heights, just south of Baltimore and adjacent to the Baltimore-Washington International Thurgood Marshall Airport (BWI). Situated at 1709-1713 W. Nursery Road, the retail center is home to Paris Baguette, Buffalo Wild Wings GO, Sardi’s Peruvian Chicken, Tropical Smoothie Café and Jersey Mike’s Subs. Arris Noble and Rachel Callender of SRS Real Estate Partners represented the landlord, a Washington, D.C.-based private investor and developer, in the lease negotiations.

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CaliforniaInvestment salesNews

Hanley Investment Group Arranges $7 Million Sale of Victor Town Center in Victorville, California

by Abby Cox

Victorville, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $7 million sale of Victor Town Center, a 47,650-square-foot retail property located in Victorville, approximately 35 miles north of San Bernardino. The three-tenant center is leased to dd’s DISCOUNTS, a Department of Veterans Affairs outpatient clinic and a 16-stall Tesla Supercharger station, which is situated within the property’s parking lot. Ayda Kach and Sean Cox of Hanley Investment Group, along with Greg Bedell of Progressive Real Estate Partners, represented the seller, PacWest Management Inc, in the transaction. The all-cash …

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ArizonaDevelopmentNews

Diversified Partners to Develop New Retail Center in San Tan Valley, Arizona

by Abby Cox

San Tan Valley, Ariz. — Diversified Partners has announced plans to develop a 3.84-acre retail center at the southeast corner of Bella Vista and Gantzel roads in San Tan Valley, roughly 46 miles east of Phoenix. The planned development will include multiple retail pads, with up to 1.9 acres available for sale or ground lease. A Terrible’s convenience store and gas station will anchor the project. Further details of the development have not been disclosed.

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Tenaya-Village
FinanceNevadaNews

CenterSquare, Hamilton Lane to Recapitalize Tenaya Village in Las Vegas

by Abby Cox

Las Vegas — CenterSquare Investment Management and funds managed by Hamilton Lane have announced a partnership to recapitalize Tenaya Village, a 49,554-square-foot retail strip center located in Las Vegas. Hamilton Lane is now the property’s majority investor, with CenterSquare retaining a minority stake. Spanning five buildings, Tenaya Village features a mix of tenants including Capriotti’s Sandwich Shop, Starbucks Coffee, Timbers Bar & Grill, Frijoles & Frescas and Wingstop. CenterSquare has owned the center since 2022.

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The Shops at Dublin Commons
IllinoisInvestment salesNews

CBRE Brokers $20.5 Million Sale of Shops at Dublin Commons in Colorado Springs

by Abby Cox

Colorado Springs, Colo. — CBRE has brokered the $20.5 million sale of the Shops at Dublin Commons, a 34,104-square-foot retail strip center located in Colorado Springs. Parker Brown, Matthew Henrichs and Brad Lyons of CBRE represented John Winsor of Olive Real Estate Partners in the transaction. Located at 5925 and 5935 Dublin Blvd., the center was built in 2016 and 2018. Tenants include Salsa Brava, Over Easy: A Daytime Eatery, Mod Pizza, Nothing Bundt Cakes, Massage Heights and Beauty Bar, according to LoopNet Inc.

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Investment salesNewsTexas

CIM Group Sells 177,434-Square-Foot Shopping Center in Dallas

by Abby Cox

Dallas — CIM Group has sold Best Buy Plaza, a 177,434-square-foot shopping center located at 9358 N. Central Expressway in North Dallas. Situated roughly seven miles north of the Dallas Central Business District, Best Buy Plaza was constructed in 1995 on nearly 15 acres. The center was fully leased at the time of sale to tenants including Dick’s Sporting Goods, Total Wine & More, Cavender’s, Hyper Kidz and Best Buy, which anchors the property. CIM Group originally acquired Best Buy Plaza in 2016. During its ownership of the property, CIM Group …

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smokey-mo's
DevelopmentNewsRestaurantsTexas

Smokey Mo’s BBQ Signs Four-Unit Development Agreement in Austin, Texas

by Abby Cox

Austin, Texas — Smokey Mo’s BBQ has signed a franchise agreement to develop four new restaurants in Austin. Father-son entrepreneur duo Cody and Stephen Cox will own and operate the locations. Along with its expansion plans, Smokey Mo’s has recently introduced a refreshed restaurant design, optimized kitchen flow and digital ordering capabilities. Founded in 2000, Smokey Mo’s currently has 23 active restaurants across Texas.

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shops-at-mauna-lani
HawaiiInvestment salesNews

BH Properties Acquires The Shops at Mauna Lani on Hawaii’s Kohala Coast

by Abby Cox

Kamuela, Hawaii — Los Angeles-based BH Properties has acquired The Shops at Mauna Lani, a 75,000-square-foot open-air center located along the Kohala Coast in Hawaii. Terms of the transaction were not disclosed. Anchored by a Tommy Bahama Restaurant & Bar, The Shops at Mauna Lani features a mix of additional tenants including Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations, a Foodland Farms grocery store, as well as local retailers, art galleries and wellness operators. The 6-acre center serves as the primary retail and dining destination for the surrounding …

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Whole-Foods-Madison-Yards
Grocery-anchoredInvestment salesMixed-useNewsWisconsin

Mid-America Brokers Sale of 51,361-Square-Foot Single-Tenant Retail Property in Madison, Wisconsin

by Abby Cox

Madison, Wis. — Mid-America Real Estate Corp. has brokered the sale of a newly developed, single-tenant retail property located in Madison. Whole Foods Market occupies the 51,361-square-foot building, which serves as the anchor tenant for Madison Yards, a 21-acre mixed-use development under construction. Dan Rosenfeld, Andrew Lund, Nick Kohlmann and George Ghattas represented the seller, Summit Smith Development, in the transaction. The property was acquired by a private buyer. In addition to Whole Foods Market, Madison Yards will feature more than 500 luxury apartments and 400,000 square feet of medical/office space, as well …

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GeorgiaInvestment salesNews

Prudent Growth Partners Sells River Pointe Commons in Metro Atlanta for $6 Million

by Abby Cox

Dallas, Ga. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold River Pointe Commons, a 22,665-square-foot neighborhood center in Dallas, roughly 30 miles northwest of downtown Atlanta, for $6 million. Built in 2006 and renovated in 2016, River Pointe Commons features a mix of tenants including Life Smiles Dental, New Hope Animal Hospital, H&R Block, Evan-Blake Salon and Johnny’s New York Style Pizza, according to LoopNet Inc. Prudent Growth Partners originally purchased the property in 2022 for $4.8 million.

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