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Shake Shack
CaliforniaInvestment salesNewsRestaurants

Hanley Investment Group Brokers $7.2 Million Sale of Single-Tenant Restaurant Property in Oxnard, California

by Abby Cox

Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $7.2 million sale of a single-tenant restaurant property in Oxnard. Shake Shack occupies the 3,286-square-foot building, which was built in 2025, under a new 15-year corporate-guaranteed absolute triple-net ground lease. The restaurant features Shake Shack’s latest prototype with a double-lane drive-thru. Sean Cox, Jeff Lefko and Bill Asher of Hanley Investment Group represented the seller, a Texas-based developer, in the transaction. Judson Kauffman of New York-based Surmount represented the buyer, a Northern California-based private 1031 exchange investor. Shake …

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7-Eleven
CaliforniaInvestment salesNews

SRS Real Estate Negotiates $5.2 Million Sale of Single-Tenant Retail Property in Newport Beach, California

by Abby Cox

Newport Beach, Calif. — SRS Real Estate Partners has negotiated the $5.2 million sale of a single-tenant retail property located on the Balboa Peninsula in Newport Beach. A 7-Eleven convenience store has occupied the 3,651-square-foot site for more than 48 years. Kevin Held of SRS Capital Markets represented the seller, a California-based family trust. The buyer was a California-based private investor.

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City Park
DevelopmentFloridaMixed-useNewsRetailers

Partnership Proposes $2 Billion City Park at West Kendall Mixed-Use Development in Miami

by Abby Cox

Miami — A partnership between The Easton Group, Lennar and MPKA LLC has proposed City Park at West Kendall, a $2 billion, 990-acre master-planned community in Miami. The development team has filed its application with Miami-Dade County. Plans call for 7,800 new homes in a variety of price points, including townhomes, multifamily units, single-family homes and workforce housing, as well as 1.4 million square feet of retail space and 500,000 square feet of office space. At the heart of the proposed project is Village Core, a walkable town center with …

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Holmby Hall
CaliforniaInvestment salesNews

Kidder Mathews Negotiates $32.7 Million Sale of Holmby Hall Retail Property in Los Angeles

by Abby Cox

Los Angeles — Kidder Mathews has arranged the $32.7 million sale of Holmby Hall, a landmark retail property in the Westwood Village neighborhood of Los Angeles. Holmby Hall offers 50,790 square feet of retail space. The building, which is designated as a Historic-Cultural Monument by the Los Angeles City Council, was built in 1929 in the Spanish Colonial Revival style and features a 110-foot clock tower. Tanel Harunzade and Darrell Levonian of Kidder Mathews, along with former Kidder Mathews agent David Saghian, brokered the transaction. Additional details of the transaction …

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Mission Gateway
Investment salesNewsTexas

Faris Lee Investments Brokers $16.6 Million Sale of Mission Gateway in Texas

by Abby Cox

Mission, Texas — Irvine, California-based Faris Lee Investments has brokered the sale of Mission Gateway, a 92,117-square-foot retail center located in Mission. Burlington and Murdoch’s Ranch & Home Supply anchor the property on long term leases. Olive Garden and Jack in the Box, which are also located at the center, were not included in the sale. Don MacLellan, Jeff Conover and Scott DeYoung represented the seller, a Texas-based developer, in the transaction. The buyer was an all-cash REIT.

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Woodford Square
Investment salesNewsVirginia

Atlantic Capital Arranges $12.1 Million Sale of Woodford Square Shopping Center in Chesapeake, Virginia

by Abby Cox

Chesapeake, Va. — Atlantic Capital Partners has arranged the $12.1 million sale of Woodford Square, an 85,323-square-foot shopping center located in the Hampton Roads city of Chesapeake. Harbor Freights anchors the center, which was fully leased at the time of sale to tenants including Dollar General, Hair Cuttery, Roses Discount Store, Dragon China Restaurant and Med Emporium. Fred Victor of Atlantic Capital represented the seller, New York-based Moxie Equities, in the transaction. The buyer was United Properties.

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Dill Dinkers
CaliforniaDevelopmentNews

Dill Dinkers Signs 10-Unit Franchise Agreement in Fresno, California

by Abby Cox

Fresno, Calif. — Columbia, Maryland-based pickleball concept Dill Dinkers has signed a franchise agreement to open 10 new venues in the Central Valley region of California. Entrepreneurs Bill Revilla and Georgia Revilla will own and operate the locations, which will offer several indoor pickleball courts separated by fences, as well as event space, a ball machine and a reservation system for guests. Founded in 2022, Dill Dinkers currently has nine operating locations in the United States and more than 380 locations under development across Texas, Washington, D.C., North Carolina, Connecticut, South …

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Red Bird Center
FloridaGrocery-anchoredInvestment salesNews

JLL Negotiates $62.1 Million Sale of Red Bird Center in Miami

by Abby Cox

Miami — JLL Capital Markets has arranged the $62.1 million sale of Red Bird Center, a 92,089-square-foot retail center located in Miami. Milam’s Markets anchors the property, which was fully occupied at the time of sale. Additional tenants include Walgreens, Orion Fuels and Ace Hardware. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment Sales and Advisory team represented the seller, Red Bird Associates, in the transaction. The buyer was Charlotte, North Carolina-based Asana Partners.

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The Grand Central Mall
Investment salesNewsWest Virginia

Cafaro Acquires Grand Central Mall in Vienna, West Virginia

by Abby Cox

Vienna, W. Va. — Niles, Ohio-based Cafaro has acquired Grand Central Mall, a 908,238-square-foot shopping center located in Vienna, approximately five miles north of Parkersburg. The shopping center’s anchor space, which was formerly occupied by Sears, was recently redeveloped to accommodate a mix of tenants such as T.J. Maxx, HomeGoods, Ross Dress for Less and PetSmart. Cafaro is also planning a mall-wide renovation to create a fresh, modern and functional atmosphere. Opened in 1972 and situated on roughly 100 acres along the Ohio River, Grand Central Mall features more than 65 …

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Academy Sports + Outdoors
LouisianaNet leaseNews

SRS Real Estate Brokers $10.4 Million Sale of Single-Tenant Retail Property in Shreveport, Louisiana

by Abby Cox

Shreveport, La. — SRS Real Estate Partners has brokered the $10.4 million sale of a single-tenant retail property in Shreveport. Academy Sports + Outdoors occupies the 72,525-square-foot building on an absolute triple-net, corporate guaranteed lease with 13 years remaining. Built in 2018, the property is situated on roughly 7.7 acres. Michael Berk, Patrick Nutt and Chip Watson of SRS Capital Markets represented the seller, a private investor, in the transaction. The buyer was a publicly traded REIT. 

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