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DevelopmentEntertainmentFloridaNewsRestaurantsRetailersUncategorized

Strategic Property Partners to Develop Entertainment District in Downtown Tampa

by Abby Cox

Tampa, Fla. — Strategic Property Partners (SPP) has announced plans to develop an entertainment district in downtown Tampa. The district is proposed for a vacant parcel across from Benchmark International Arena, the 19,092-seat home of the NHL’s Tampa Bay Lightning NHL team. Situated on Channelside Drive between Morgan and Jefferson streets, the new district will support the broader $3 billion Water Street Tampa neighborhood. SPP plans to partner with Lightning owner Vinik Sports Group (VSG) to manage the entertainment venue, which will be privately financed. “Water Street Tampa was designed …

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Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires Two Retail Centers Totaling 1 Million Square Feet in Texas

by Abby Cox

Georgetown and Cedar Park, Texas — A joint venture between Toronto-based Oxford Properties and Oakbrook Terrace, Illinois-based Pine Tree has acquired two grocery-anchored centers in Texas. Spanning 1 million square feet, the portfolio includes Wolf Ranch Town Center in Georgetown and Lakeline Plaza in Cedar Park. The centers, which are both 99 percent occupied, are home to several national tenants such as Target, T.J. Maxx, Best Buy and Ulta Beauty. Wolf Ranch Town Center totals 633,000 square feet and features more than 80 retailers and restaurants. Lakeline Plaza, comprises 386,000 square …

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Bison Hollow Shopping Center
AlabamaMichiganNewsWisconsin

AlbaneseCormier Acquires 714,000-Square-Foot Retail Portfolio Across Three States

by Abby Cox

Beaumont, Texas — Beaumont-based AlbaneseCormier has acquired a four-property retail portfolio totaling 714,054 square feet across three states. The properties include McGowin Park in Mobile, Alabama (374,881 square feet); Bison Hollow Shopping Center in Traverse City, Michigan (134,798 square feet); Oak Brook Square in Flint, Michigan (152,073 square feet); and an unnamed PetSmart & Dick’s-anchored shopping center in Oshkosh, Wisconsin (52,302 square feet). The portfolio comprises more than 50 tenants such as Costco, Dick’s House of Sport, HomeGoods, T.J. Maxx, Hobby Lobby, Petco, Old Navy, Skechers, Ashley Furniture and Starbucks. Ben …

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Investment salesNews

ZRP Acquires Riverdale Shopping Center in Metro Salt Lake City for $20 Million

by Abby Cox

Riverdale, Utah — Ziff Real Estate Partners (ZRP) has acquired Riverdale Shopping Center, a 93,592-square-foot shopping center located in Riverdale, approximately 35 miles north of downtown Salt Lake City. T.J. Maxx and Ulta Beauty anchor the property, which was built in 2007, according to Loop Net Inc. JT Redd and Kip Paul of Cushman & Wakefield represented the seller. Christian Chamblee and Brooke Frey internally represented ZRP in the transaction.

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FloridaInvestment salesNews

Marcus & Millichap Arranges $7.4 Million Sale of 25,905-Square-Foot Retail Property in Coral Springs, Florida

by Abby Cox

Coral Springs, Fla. — Marcus & Millichap has arranged the $7.4 million sale of a 25,905-square-foot neighborhood center located at 9830–9880 W. Sample Road in the Broward County community of Coral Springs. Situated on roughly 1.6 acres, the center is anchored by Wings Plus, and includes mix of dental, medical, education and service-oriented tenants. Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap marketed the property on behalf of the seller, The Geneva Group. Tarek Chbeir, also of Marcus & Millichap, along with Mandel, Levine and Hershey, procured the buyer, David …

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LeasingMixed-useNews

Crunkleton Commercial Signs Five New Tenants for Phase One of Stadium Commons in Huntsville, Alabama

by Abby Cox

Huntsville, Ala. — Crunkleton Commercial Real Estate has signed five new retail leases for Phase I of Stadium Commons, an 18-acre mixed-use project under development in Huntsville. Ferren Boutique, Free People, Free People Movement, VSL Nail Spa and Juniper’s Kitchen will join Hattie B’s Hot Chicken, a fast-casual eatery based in Nashville that opened this December. The newest tenant additions are expected to debut on a rolling basis through May 2026. Upon completion, Stadium Commons will include more than 115,000 square feet of commercial space, 240 loft-style luxury condos and a …

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FloridaInvestment salesNews

Terra Arranges $74 Million Sale of Doral Square in South Florida

by Abby Cox

Doral, Fla. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank …

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CaliforniaInvestment salesNews

SRS Real Estate Brokers $12.8 Million Sale-Leaseback of Retail Center in Northern California

by Abby Cox

Redding, Calif. — SRS Real Estate Partners has arranged the sale-leaseback of a retail property located at 3055 Shasta View Drive in Redding. North State Grocery sold the property to an undisclosed real estate investment trust for $12.8 million. Holiday Market occupies the 31,222-square-foot building on an absolute triple-net lease with 20 years remaining, including scheduled rent increases and multiple options to renew. The grocery store is part of the Holiday Marketplace that also includes Starbucks Coffee and Quick Quack Car Wash. Alexander Moore of SRS Capital Markets represented the …

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Grocery-anchoredInvestment salesNewsNorth Carolina

Sigmund Cos. Acquires 84,373-Square-Foot Grocery-Anchored Center in Cary, North Carolina

by Abby Cox

Cary, N.C. — The Sigmund Cos. (TSC) has acquired Millpond Village, an 84,373-square-foot grocery-anchored center located in Cary, a suburb of Raleigh. TSC will operate the property as part of a joint venture with a Washington, D.C.-based institutional partner. Anchored by Publix, Millpond Village features other national tenants such as Dollar General and Starbucks. Berkeley Capital Advisors represented the seller in the transaction. CBRE will handle leasing at the center, while Cushman & Wakefield will provide management services.

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ArizonaInvestment salesNews

Time Equities Acquires Cactus Plaza in Metro Phoenix for $4.5 Million

by Abby Cox

Glendale, Ariz. — New York City-based Time Equities Inc. (TEI) has acquired Cactus Plaza, a 25,620-square-foot neighborhood shopping center in Glendale, roughly nine miles northwest of downtown Phoenix near the Arizona State University West Valley campus. Built in 1985, the center was 93 percent leased to a mix of restaurant, beauty and service-oriented tenants at the time of sale. Cactus Plaza marks the second retail property that TEI has acquired in the state. Ami Ziff, Jonathan Kim and Grant Scott internally represented TEI in the transaction. Chase Dorsett of Newmark represented …

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