News

Paramus, N.J. — A joint venture partnership between Heidenberg Properties Group, Red Starr Investments, Norse Realty Group and DAG Paramus has acquired Paramus Park South, a 181,150-square-foot shopping center located in Paramus, roughly 20 miles northwest of New York City. Anchored by a 100,223-square-foot Stew Leonard’s Supermarket, the center was 67 percent leased to a mix of tenants including Macy’s, Sephora, L.L. Bean, Ulta Beauty and Chick-fil-A at the time of sale. CBRE brokered the sale of the property. Ackman-Ziff Real Estate Group structured the joint venture and arranged acquisition …

0 FacebookTwitterLinkedinEmail
Retail and Office Mixed-Use Property

Pittsburgh — Tempus Realty Partners has acquired a 125,000-square-foot mixed-use property located in Pittsburgh’s Strip District for $43.8 million. The former warehouse has been redeveloped to include 94,580 square feet of office space and 31,405 square feet of retail. The property is fully leased to tenants including Aurora Innovation, Balvanera, Orr’s Jewelers and Design Within Reach.

0 FacebookTwitterLinkedinEmail
Downtown Doral

Doral, Fla. — Codina Partners has received a $38.8 million construction loan for the third phase of Downtown Doral, a 250-acre mixed-use development located roughly twelve miles west of Miami in Doral. Ocean Bank provided the loan. The third phase of the project will add nearly 25,000 square feet of retail space along 87th Avenue, with 932 dedicated garage parking spaces for retail visitors. UHealth – University of Miami Health System has leased 11,243 square feet on the north end of the development for UHealth Way, which will offer comprehensive …

0 FacebookTwitterLinkedinEmail
The Shoppes at the Heart of Tradition

Port St. Lucie, Fla. — A joint venture between PEBB Enterprises and Banyan Development has sold The Shoppes at the Heart of Tradition, a 71,000-square-foot shopping center located within the master-planned community of Tradition, for $32 million. The center — which was completed in 2024 — is anchored by ALDI. Additional tenants include Papa Johns Pizza, Carmela Coffee, Kyle G’s Amore Italian Chophouse, Spanish restaurant Port Tradition, Tomalty Dental, Peach Cobbler Factory, Picasso Nails & Spa, Rita’s Italian Ice & Frozen Custard and Swift Mediterranean Grill. One Investment Group represented …

0 FacebookTwitterLinkedinEmail
Grand Covina Plaza

Covina, Calif. — JLL Capital Markets has facilitated the $25 million sale of Grand Covina Plaza, a 111,975-square-foot shopping center located in the Los Angeles suburb of Covina. Stater Bros. Markets anchors the property, which was 89 percent leased to tenants including Dollar Tree, KFC, 7-Eleven and O’Reilly Auto Parts at the time of sale. Originally built in 1956, the center sits on 8.9 acres. Dan Tyner, Gleb Lvovich and Geoff Tranchina of JLL’s Investment Sales and Advisory team represented the seller, a private family partnership, and procured the buyer, …

0 FacebookTwitterLinkedinEmail
Lake Nona West

Orlando, Fla. — Tavistock Development Co. has signed five new tenants to join Lake Nona West, a 405,000-square-foot lifestyle shopping center located within Orlando’s master-planned community of Lake Nona. New tenants include Cañonita Mexican Restaurant, Nordstrom Rack, Barnes & Noble, HomeSense and Total Wine & More. The new round of lease signings brings the total preleased space at the property to more than 300,000 square feet, including a 150,000-square-foot Target anchor store.  Situated on 54 acres, Lake Nona West will include walkways, an art-lined plaza and community green spaces. The …

0 FacebookTwitterLinkedinEmail
Summit Fritz Farm

Lexington, Ky. — Hendricks Commercial Properties, a Wisconsin-based development and investment firm, has acquired The Summit at Fritz Farm, a mixed-use development in Lexington that opened in 2017. The project features a collection of more than 60 shops and restaurants that sit below modern offices and The Henry apartments. Some components of the project that were not included in the sale include the Origin Lexington hotel and a 192-unit seniors housing community, Legacy Reserve at Fritz Farm. Hendricks did not disclose the sales price or specific aspects of the acquisition beyond …

0 FacebookTwitterLinkedinEmail
Turtle Creek Village

Dallas — CIM Group has sold Turtle Creek Village, a 320,000-square-foot mixed-use property located in the Turtle Creek neighborhood of Dallas. The property includes the Offices at Turtle Creek Village, an 18-story, 230,000-square-foot office tower; and the three-building Shops at Turtle Creek Village, a 95,000-square-foot grocery-anchored retail center. CIM Group acquired the property in 2017 and completed a renovation of both the office and retail components, which included upgrades to the office lobby and amenities, as well as newly constructed spec suites. Tenants at the Shops at Turtle Creek Village …

0 FacebookTwitterLinkedinEmail
Hartford Mall

Bel Air, Md. — SJC Ventures has unveiled plans for a $100 million transformation of the Harford Mall site located in Bel Air, roughly 23 miles north of Baltimore. Upon approval by the Bel Air Economic and Community Development Commission, the redevelopment project will feature 48,000 square feet of retail, restaurants and amenities that will replace a former Macy’s store, as well as a 35,000-square-foot grocery store. SJC also plans to incorporate pedestrian walkways for enhanced connectivity, pocket parks and open gathering spaces. CBL Properties owns Harford Mall, which originally opened …

0 FacebookTwitterLinkedinEmail
The Village at Causeway

Tampa, Fla. — Marcus & Millichap has brokered the $12.9 million sale of The Village at Causeway, a 27,860-square-foot retail center located in Tampa. Built in 2019, the property is home to 13 tenants, including Canopy Road Café, Game Over Tampa, Jimmy John’s, Strandhill Social, OneZo and PT Solutions. The center is situated on 6.6 acres. Zach Taylor, Eric Abbott, Evan Cannan and Reid Thedford of Marcus & Millichap marketed the property on behalf of the seller, a Tampa-based private developer, and secured the buyer, an institutional strip center investor, …

0 FacebookTwitterLinkedinEmail