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IllinoisInvestment salesNews

Mid-America Arranges Sale of 649,668-Square-Foot Retail Center in Chicago Suburb

by Hayden Spiess

Orland Park, Ill. — Mid-America Real Estate has arranged the sale of Orland Park Place, a 649,668-square-foot retail center located in the Chicago suburb of Orland Park. Tenants at the property include Nordstrom Rack, Dick’s Sporting Goods, Marshalls, Ross Dress for Less, Hobby Lobby, Old Navy, Barnes & Noble, DSW, Ashley Furniture and Steinhafels. The center was 87 percent occupied at the time of sale. PMAT acquired the property for an undisclosed price. Ben Wineman, Rick Drogosz and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors, in the …

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13670-E-Alameda-Ave-Aurora-CO
ColoradoInvestment salesNews

Pinnacle Negotiates Sale of 94,949-Square-Foot Plaza West at Aurora Town Center in Colorado

by Hayden Spiess

Aurora, Colo. — Pinnacle Real Estate Advisors has negotiated the sale of Plaza West at Aurora Town Center, a 94,949-square-foot retail center situated on 7.8 acres in the Denver suburb of Aurora. A Colorado-based investment group acquired the property for $8 million. Dollar Tree and Harbor Freight Tools anchor the center, which was built in 1985 and was 65 percent occupied at the time of sale. The property also includes a freestanding drive-thru building built in 2021 and occupied by Starbucks Coffee. Justin Krieger of Pinnacle Real Estate Advisors arranged the …

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Wilmington-Plaza-Wilmington-CA
CaliforniaFinanceNews

PSRS Secures $13.2 Million Refinancing for Wilmington Plaza Shopping Center in Los Angeles

by Hayden Spiess

Los Angeles — PSRS has arranged a $13.2 million loan for the refinancing of Wilmington Plaza, a 64,222-square-foot retail center in the Wilmington neighborhood of Los Angeles. Mike Thorp and Ari Zeen of PSRS secured the nonrecourse financing, which features a five-year term, 30-year amortization and cash-out proceeds, through a life insurance company. Tenants at the property include Northgate Gonzalez Market, CVS/pharmacy and Chase Bank.

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7-Eleven_San-Bernardino-Calif
CaliforniaInvestment salesNews

Hanley Arranges $7.7 Million Sale of Single-Tenant Property in San Bernardino, California

by Hayden Spiess

San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $7.7 million sale of a single-tenant retail property located in San Bernardino. 7-Eleven occupies the property, which was built in 2023 and totals 4,088 square feet. Bill Asher and Jeff Lefko of Hanley represented the developer and seller, Chase Partners Ltd., in the transaction. Jeff Leggio of ASU Commercial represented the buyer, a California-based private investor. 

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Smalls-Sliders
Company newsDevelopmentKansasNewsRestaurants

Smalls Sliders Signs Five-Unit Franchise Deal in Kansas

by Hayden Spiess

Atlanta — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise deal for five new units in Kansas. Family-operated franchise team Jim, Teresa and Colton Sorlie will own and operate the restaurants. Locations in the state will include Wichita, Manhattan and Salina. The first of the units, referred to as “Cans,” is scheduled to open in early 2025. 

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ALDI-expansion
Company newsDevelopmentIllinoisNews

Aldi Plans 800-Store Expansion Across the U.S. by 2028

by Hayden Spiess

Batavia, Ill. — German discount grocer Aldi has announced plans to add 800 new locations across the United States by the end of 2028. The company will invest more than $9 billion into the expansion plan, which will be implemented through a combination of new openings and store conversions. In August, Aldi acquired American grocery brands Winn-Dixie and Harveys Supermarket as part of a larger divestiture of parent company Southeastern Grocers. Aldi’s expansion plans in the Southeast include both new openings and converting some of the former Winn-Dixie and Harveys locations …

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University-Square-Rocklin-CA
CaliforniaDevelopmentMixed-useNews

LRE & Cos. Receives Approval for 10-Acre University Square Mixed-Use Project in Metro Sacramento

by Hayden Spiess

Rocklin, Calif. — LRE & Cos. has received approval from the City of Rocklin for the development of University Square, a 10-acre mixed-use destination development in Rocklin, approximately 20 miles northeast of Sacramento. Scheduled for completion by the end of 2025, University Square will feature more than 20,000 square feet of retail space, 5,000 square feet of space for quick-service restaurants with drive-thrus, a 123-room Hilton Garden Inn, a 10,000-square-foot daycare center and a 3,700-square-foot Circle K convenience store and a car wash. A construction timeline was not released.

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Berkeley-Plaza_Goldsboro-N.C
Investment salesNewsNorth Carolina

Marcus & Millichap Brokers $10.5 Million Sale of Berkeley Plaza in Goldsboro, North Carolina

by Hayden Spiess

Goldsboro, N.C. — Marcus & Millichap has brokered the $10.5 million sale of Berkeley Plaza, a 101,812-square-foot shopping center in Goldsboro. Tenants at the property, which was fully occupied at the time of sale, include Big Lots, Gold’s Gym, Staples, Books-A-Million, AT&T and U.S. Armed Forces. Andrew Margulies, Harrison Creason and Harrison Jones of Marcus & Millichap represented the seller, a North Carolina-based investor, in the transaction. Bold Commercial Real Estate represented the buyer, a family office. 

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Wawa_Brunswick
Company newsDevelopmentGeorgiaNews

Wawa Breaks Ground on Two Stores in Georgia, Plans 26 Locations in the State

by Hayden Spiess

Brunswick and Jesup, Ga. — Convenience store retailer Wawa has broken ground on two new stores in the state of Georgia. Scheduled to open later this year, the stores will be located in Brunswick and Jesup. The new shops mark the beginning of the brand’s expansion plans for southern and coastal Georgia, where it plans to build and open 26 stores over the next five to eight years. Future locations in the state include Hinesville, Pooler, Waycross, Bainbridge, Tifton, Valdosta and Albany. Wawa plans to invest roughly $7 million in the …

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ArizonaCaliforniaCompany newsFloridaGeorgiaIllinoisIndianaNebraskaNew JerseyNew YorkNewsNorth CarolinaOhioTexasWashington

Nordstrom to Open 26 New Nordstrom Rack Stores

by Hayden Spiess

Seattle — Seattle-based retailer Nordstrom has announced plan to open 26 new Nordstrom Rack stores. Openings are scheduled to begin this spring and continue through spring 2025. The sites of the new stores include locations in Arizona, California, Florida, Georgia, Illinois, Indiana, Nebraska, New Jersey, New York, North Carolina, Ohio and Texas.

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