News

Willow Creek Center

Auburn, Calif. — Monarch Commercial Advisors has brokered the $27.8 million sale of Willow Creek Center, a 67,825-square-foot shopping center located in Auburn, roughly 33 miles outside Sacramento. A Smart & Final grocery store anchors the center, which was constructed between 2015 and 2017. Other tenants at the fully leased property include Starbucks Coffee, Chick-fil-A, Panda Express, PetSmart, Jersey Mike’s, AT&T and GameStop. Dave Lucas and Brandon Norton of Monarch Commercial represented the seller, Best Development Group, in the transaction. The buyer was a private investor. Dan Friedeberg of Slatt Capital …

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W. University Drive

McKinney, Texas — STRIVE has arranged the sale of 380 North A, a 7,026-square-foot retail property located at W. University Drive in McKinney. Built in 2024, the property was fully leased at the time of sale. Tenants include Fire Bowl Café, Revolution Barbershop and Soccer Corner. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a local developer, in the transaction. The 1031 exchange buyer was a local investor. Additional terms of the sale were not disclosed. This transaction marks STRIVE’s 40th property sold in McKinney since 2019.

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Central Park Post Oak

Houston — Houston-based Midway, in collaboration with 3Edgewood and Parkway, has unveiled plans for Central Park Post Oak, a mixed-use redevelopment project located in Houston’s Uptown District. Formerly Post Oak Central, the co-developers will revitalize the 17-acre campus to include additional retail, new restaurants and green space. Midway and Parkway formed a joint venture to acquire the campus in October 2023 before recently buying out their investment partners. Developed by Gerald D. Hines Interests in the 1970s, the campus currently contains three office buildings totaling 1.2 million square feet and 90,000 square …

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Sugar Land Town Square

Sugar Land, Texas — The Sugar Land Development Corp. and the Sugar Land 4B Corp. have approved $12.5 million in funding for the renovation and modernization of Sugar Land Town Square, the city’s 1.4 million-square-foot downtown mixed-use development. Under the terms of the funding agreement, part of the project will receive upgrades to its communal office and amenity spaces, as well as its landscaping and streetscaping. In addition, another area will see renovations to its entryway, lobby and signage, along with updates to the garden area, new furniture, fixtures and equipment. …

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Preston Stonebrook

Frisco, Texas — JLL Capital Markets has arranged the sale of Preston Stonebrook, a 53,553-square-foot retail center located in Frisco. Built in 1997, the property was 93 percent leased at the time of sale. Tenants at the center include Plato’s Closet, Emler Swim School, Dogtopia and Horizon Hot Yoga. Adam Howells and Erin Lazarus of JLL’s Investment Sales and Advisory team represented the sellers, Bo Brownlee and Easley Waggoner, Jr., of Venture Investment Partners in the transaction.

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1800-North-Main-Street

High Point, N.C. — West Palm Beach, Florida-based FrostPoint Capital has acquired a 33,455-square-foot retail center in High Point. Located at 1800 N. Main St., the unanchored shopping center is roughly one mile west of High Point University. Tenants at the property include Company’s Coming, 98 Asian Bistro, Tea Time Boba Tea Lounge, Hair Kutts Salon, Still Waters Spa, TL Fitness and Q’s Corner. FrostPoint Capital is planning an extensive redevelopment that will pay tribute to the site’s former occupant, Lyles Chevrolet. This transaction marks FrostPoint Capital’s 14th acquisition in …

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The Cliff

Henderson, Nev. — The City of Henderson has approved development plans for The Cliff, a $50 million open-air retail and dining destination located in Henderson, roughly 15 miles outside Las Vegas. A 100,000-square-foot office complex on the property will be redeveloped into a pedestrian-friendly, retail-oriented environment that features landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard.” Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff will be Henderson’s first retail development in more than 20 years. Construction is expected to …

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Barclay Square Shopping Center

Greenacres, Fla. — Atlantic Commercial Group has arranged the $11.3 million sale of Barclay Square Shopping Center, a 78,000-square-foot retail center located in Greenacres. Situated at the intersection of 10th Ave. N. and Jog Road, the property is anchored by Tapatia Supermarket. Additional tenants include State Farm, Bicycle World, CVS Pharmacy, PPG Paint and Keller Williams Realty. This transaction marks the first time Barclay Square Shopping Center has been sold in 25 years. Gary Broidis of Delray Beach-based Atlantic Commercial Group represented the seller in the transaction. West Palm Beach-based Strategic …

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Circle K

Coachella, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 4,625-square-foot single-tenant retail property located in Coachella. A Circle K convenience store and gas station occupies the site on a 15-year, absolute triple-net-lease with 10 percent rental increase every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, California-based Fountainhead Development, in the transaction. Aaron Bove of Marcus & Millichap’s San Diego office represented the 1031 exchange buyer, a San Diego-based private investor.

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Liberty Village

Braselton, Ga. — Conshohocken, Pennsylvania-based CenterSquare Investment Management has acquired Liberty Village, a 13,844-square-foot service retail shopping center located in Braselton, roughly 40 miles northeast of Atlanta. Built in 2025, the property was fully leased to tenants including Chicken Salad Chick, Tropical Smoothie Café, Chipotle, Papa Johns Pizza, Sage Dental and Tin Drum at the time of sale. This transaction marks CenterSquare’s 21st acquisition in the Southeast.

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