Monrovia, Calif. — Newport Beach, California-based Westar Associates has sold Foothill Park Plaza, a 96,390-square-foot shopping center located in Monrovia, approximately 15 miles northeast of Los Angeles. The center — which was developed in 1985 — is anchored by Vons Supermarket. Other tenants at the property include Chase Bank, Wendy’s, Blaze Pizza, Baskin-Robbins and See’s Candles. Pete Bethea, Rob Ippolito and Glen Rudy of Newmark represented Westar Associates in the transaction. Phillips Edison & Company was the buyer. Westar Associated has owned, leased and managed Foothill Park Plaza for the last …
Longwood, Fla. — Winter Park, Florida-based CrossMarc Services has negotiated five new leases at Springs Plaza, a 64,753-square-foot shopping center located approximately 15 miles north of Orlando. Among the new tenants are Foxtail Coffee; Children’s Art Classes; Level Up Pilates; 5th Nail Lounge; and Turning Point Dance Studio. Flavia Kanyago of CrossMarc represented the landlord, Baltimore-based MCB Real Estate, in the lease negotiations. Other tenants at the center — which is now 95 percent leased — include Tijuana Flats, First Watch, Jersey Mike’s, Hurricane Grill & Wings, Woof Gang Bakery …
New York City — Immersive arts and entertainment company Meow Wolf will open a 75,000-square-foot entertainment venue in Lower Manhattan. The space will span multiple stories within Pier 17, an entertainment destination in the Seaport District. Construction is scheduled to begin in the third quarter of 2025, with an expected completion date to be announced later. Founded in 2008 in Santa Fe, New Mexico, Meow Wolf has expanded to Las Vegas, Denver, Dallas and Houston, with additional locations in Los Angeles and now, New York City. Mary Ann Tighe, Gerry Miovski, …
Fitchburg, Wis. — Mid-America Real Estate Corp. has brokered the sale of Hatchery Hill Towne Center, an 85,880-square-foot retail property located in the Madison suburb of Fitchburg. The center — which was fully leased at the time of sale — is shadow-anchored by Pick ‘n Save. Additional tenants at the property include Panera Bread, Verizon Wireless, Cold Stone Creamery, MOD Pizza, Great Dane Pub & Brewing Co., Anytime Fitness, Kim’s Nails and Tabby & Jack’s Pet Supplies. Rick Drogosz and Dan Rosenfeld of Mid-America Real Estate Corp. represented the seller, …
Clermont, Fla. — Marcus & Millichap has brokered the $11.3 million sale of Legends Pointe, a two-building mixed-use retail and medical office property located in Clermont, approximately 22 miles west of Orlando. Originally built in 2006, the recently renovated property is situated on 4.3 acres and totals 47,418 square feet. Legends Pointe comprises 18 office suites and 10 retail units. Yassin Benkabbou and Salim Valiani of Marcus & Millichap’s Orlando office, represented the seller, a local LLC, in the transaction.
Commerce, Texas — STRIVE has arranged the sale of Commerce Plaza, a 6,270-square-foot retail center in Commerce. The property was fully leased at the time of sale. Will Schubert of STRIVE represented the seller while Hudson Lambert and Harrison Beethe represented the buyer, both local Texas investors, in the transaction. Additional terms of the sale were not disclosed.
Burlington, Mass. — Burlington Mall, a 1.3-million-square-foot shopping center located in the Boston suburb of Burlington, has announced that 10 new tenants will be joining the center’s lineup this year. A mix of retail and restaurant concepts including Kendra Scott, PacSun and Ten One Tea House will be opening in late spring, while a second wave of leases — Rowan, Van Leeuwen, Tobu, Sergeant Burgers and J7 Adventureland — plan to make their arrival in the summer. Asian restaurant concept ChoCho Hot Pot is set to open later in the …
Atlanta — Jamestown has acquired a minority stake in Inman Quarter, a mixed-use development in Atlanta’s Inman Park district. The property includes approximately 40,000 square feet of retail space, 200 residential units and a 515-space parking deck. The retail component comprises multiple restaurants and cafes, including MF Sushi, Little Spirit, bartaco and Beetlecat. The Atlanta-based company, best known for its placemaking and operation of developments like Ponce City Market, will own and operate Inman Quarter with TriBridge Residential, a multifamily owner/operator also based in Atlanta. The sales price and Jamestown’s …
Bensalem, Pa. — JLL Capital Markets has facilitated the sale of Bensalem Shopping Center, a 109,057-square-foot retail center in Bensalem, roughly 19 miles north of Philadelphia. The buyer and sales price were undisclosed. Built in 1972, the center is situated on approximately 9 acres. The property — which was fully leased at the time of sale — is anchored by Indian supermarket chain Patel Brothers. Additional tenants at the center include Dollar General, Advance Auto Parts and Unlimited PCS. Jim Galbally and Patrick Higgins of JLL Capital Market’s Investment and …
Jacksonville, Fla. — Tampa-based Franklin Street has arranged the sale of a six-property retail portfolio in Jacksonville for $86.3 million. Curbline Properties Corp. (CURB) was the buyer. The deal marks CURB’s largest acquisition to date. The portfolio totals 184,680 square feet and includes Carrie Plaza, Deerwood Station, Julington Square, Southlake Plaza, Roosevelt Plaza and Oakleaf Crossing. Bryan Belk and John Tennant of Franklin Street represented the seller, a local private investor, in the transaction.