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Bristol-Plaza
ConnecticutGrocery-anchoredInvestment salesNews

Sterling Organization Buys 263,829-Square-Foot Grocery-Anchored Center in Bristol, Connecticut, for $44.4 Million

by Abby Cox

Bristol, Conn. — Sterling Organization has acquired Bristol Plaza, a 263,829-square-foot grocery-anchored shopping center located in Bristol, approximately 20 miles southwest of Hartford, for $44.4 million. Bristol Plaza was 93.1 percent occupied at the time of sale to tenants including a Stop & Shop supermarket, T.J. Maxx, Burlington, Dollar Tree and Starbucks Coffee. Chris Angelone, Zach Nitsche, Alex Quinn, Sam Wiesman and Henry Schaffer of JLL’s Investment Sales and Advisory team represented the seller, Federal Realty Investment Trust, in the transaction.

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Lake-Meadows
Grocery-anchoredIllinoisInvestment salesNews

NewMark Merrill Cos. Acquires 179,106-Square-Foot Lake Meadows Shopping Center in Chicago

by Abby Cox

Chicago —NewMark Merrill Cos. has acquired Lake Meadows Shopping Center, a 179,106-square-foot retail center in Chicago. Jewel-Osco anchors the center, which was 85 percent leased at the time of sale. Additional tenants include LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill will upgrade the property with new signage, lighting and gathering spaces. The firm also has plans to promote the center’s businesses and operators by hosting events for the neighborhood. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello internally represented NewMark Merrill in the transaction. …

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Tampa-Bay-Center
FinanceFloridaNews

JLL Arranges $22.8 Million in Financing for Tampa Bay Center in Florida

by Abby Cox

Tampa, Fla. — JLL Capital Markets has arranged $22.8 million in financing for the acquisition of Tampa Bay Center, a 149,375-square-foot shopping center in Tampa. Josh Odessky, Paul Adams and Justin Ratcliffe arranged the five-year, fixed-rate loan through BankUnited on behalf of the borrower, Triarch Capital Group. Debt was provided through a private family foundation.  Tampa Bay Center is fully leased to 10 tenants including Floor & Décor, Ashley Furniture, Dollar Tree, The Tile Shop and T-Mobile.

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Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 114,099-Square-Foot Beltway South Retail Center in Houston

by Abby Cox

Houston — ShopOne Centers, along with its joint venture partners Pantheon and a global institutional investor, has acquired Beltway South, a 114,099-square-foot retail property located in Houston. Kroger anchors the center, which features a mix of additional tenants including Petco, Cato Fashions, Subway and State Farm, as well as various local service providers and dining options. This transaction marks ShopOne’s first investment in Texas.

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ovation-orlando
DevelopmentEntertainmentFloridaMixed-useNews

Accesso Acquires Development Site in Orlando for $70 Million, Plans 670,000-Square-Foot Mixed-Use Entertainment District

by Abby Cox

Orlando, Fla. — Accesso has purchased a 76-acre site in Osceola County to develop Ovation Orlando, a master-planned mixed-use entertainment district located at the northeast intersection of Interstate 4 and U.S. 192 in Orlando, for more than $70 million. The project is scheduled to break ground in the first quarter or 2026. Ovation Orlando will be divided into five adjacent zones across 670,000 square feet, which will offer experiential retail, dining, lifestyle amenities and entertainment, as well as 740 hotel rooms and condominiums. The new development will also feature green spaces, …

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Ives-Plaza
FloridaInvestment salesNews

United Capital Acquires Ives Plaza in Metro Miami for $12 Million

by Abby Cox

Miami Gardens, Fla. — United Capital has acquired Ives Plaza, a 56,841-square-foot shopping center located in Miami Gardens, approximately 16 miles north of downtown Miami. R&E Trust sold the property for $12 million. David B. Smith of LG Capital Partners, along with Adam Lipkin of United Capital, served as financial advisors on behalf of United Capital. This transaction marks the first time the property has been sold. Developed in 1955 on nearly 6.5 acres, Ives Plaza was 66 percent leased at the time of sale to 15 tenants including Pizza Hut …

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Indian-Trail-Square-Louisville
Investment salesKentuckyNews

Cushman & Wakefield | Commercial Kentucky Negotiates Sale of 289,937-Square-Foot Shopping Center in Louisville, Kentucky

by Abby Cox

Louisville, Ky. — Cushman & Wakefield | Commercial Kentucky has negotiated the sale of Indian Trail Square, a 289,937-square-foot shopping center located in Louisville. The property’s tenant lineup includes Save A Lot, Dollar Tree, Ollie’s Bargain Outlet and Citi Trends. Lexington, Kentucky-based BC Wood Properties sold the 30-acre center to an undisclosed buyer. The sales price was also not disclosed. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky, along with Evan Halkias, Hank Davis and David Matheis of Cushman & Wakefield, represented the seller in the …

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sunset-plaza
Investment salesNewsTexas

Hanley Investment Group Arranges Sale of 92,000-Square-Foot Shopping Center in San Angelo, Texas

by Abby Cox

San Angelo, Texas — Hanley Investment Group Real Estate Advisors has arranged the sale of Sunset Plaza, a 92,000-square-foot shopping center located in the West Texas city of San Angelo. Built in 2005 on 8.4 acres,the property is situated adjacent to Sunset Mall. Tenants at Sunset Plaza include Ross Dress for Less, HomeGoods, Petco, Five Below, Bath & Body Works, Buckle and GameStop. Target, which was not part of the sale, has also operated at the property for more than 26 years. Garrett Wood, Kevin Fryman and Lee Csenar, in association …

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MidCity-Arts-Innovation
AlabamaDevelopmentMixed-useNews

RCP Unveils Plans for $300 Million Mixed-Use Expansion at MidCity District in Huntsville

by Abby Cox

Huntsville, Ala. — RCP Cos. has unveiled plans for MidCity Arts + Innovation, a 12-acre development within the larger $2.2 billion MidCity District in downtown Huntsville. The project represents a $300 million investment and will expand the development’s master plan by three city blocks along Sanderson Road. MidCity Arts + Innovation will be anchored by MidCity Live, a 3,000-seat indoor music venue jointly designed by Matheny Goldmon Architects and Urban Design Associates. RCP will name an operating partner for the venue in early 2026. MidCity Live will join The Orion …

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301-NE-192nd-Ave-Camas-WA
Investment salesNewsWashington

Forging Union Acquires Multi-Tenant Retail Center in Metro Portland, Oregon, for $18.7 Million

by Abby Cox

Camas, Wash. — Forging Union LLC has acquired a 35,547-square-foot multi-tenant retail strip center located in Camas, approximately 20 miles east of Portland, for $18.7 million. Hurley Development was the seller. Situated on 2.5 acres, the property was fully leased at the time of sale to 15 tenants. Wes Bochner of CBRE represented the buyer in the transaction.

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