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CaliforniaGrocery-anchoredInvestment salesNews

Maven Brokers $15.9 Million Sale of Retail Center in Santa Clara, California

by Hayden Spiess

Santa Clara, Calif. — Maven Commercial has brokered the $15.9 million sale of University Shopping Center, a 2.9-acre retail center located in Santa Clara. Safeway anchors the property, which was fully leased at the time of sale. Tenants at the center include Taco Bell, Round Table Pizza and Wicked Chicken. An entity controlled by the Bushnell family sold the property, which is situated next to Santa Clara University, to Bay Properties Inc. Matthew Sheridan, Dominic Morbidelli and Santino DeRose arranged the sale.

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Athmar Park
ColoradoInvestment salesNews

Sidford Capital Buys Two Retail Centers in Colorado for $11.2 Million

by Hayden Spiess

Denver and Littleton, Colo. — Sidford Capital has acquired two shopping centers totaling 111,142 square feet in Colorado for $11.2 million. A Southern California-based private investor sold the portfolio, which includes Athmar Park Shopping Center, a 58,204-square-foot neighborhood retail center in Denver, and SouthPark Shopping Center, a 52,938-square-foot property located in Littleton. Family Dollar anchors Athmar Park, which was 77.5 percent occupied at the time of sale. SouthPark was 84.5 percent occupied at the time of sale. Ryan Bowlby and Drew Isaac of Marcus & Millichap represented the seller and procured …

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CaliforniaLeasingNewsRestaurants

Six Tenants Join MainPlace Shopping Center in Santa Ana, California

by Hayden Spiess

Santa Ana, Calif. — Six new tenants have joined MainPlace, a three-story shopping center located in Santa Ana. Eateries Cali Licious Crab and Brews, Yogurt Bear and Delight now occupy 4,899; 253; and 1,031 square feet, respectively. LA Custom Apparel + Accessories and Fiesta Center have also joined the lineup, opening 6,326- and 2,199-square-foot stores. Additionally, a 2,096-square-foot The Hype Makers Market is now open at the center, featuring a collection of individual maker booths with apparel, jewelry, décor, gifts and other products, including items from the Sleeping Cauldron, another retailer …

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Marketplace-Highland-Village_Dallas
Investment salesNewsTexas

Cohen & Steers, Sterling Acquire Portion of the Marketplace at Highland Village in Dallas 

by Hayden Spiess

Dallas — A joint venture between Cohen & Steers Income Opportunities REIT and Sterling Organization has acquired a portion of the Marketplace at Highland Village, a 451,000-square-foot shopping center located in Dallas. The acquired segment of the property spans 207,000 square feet and was 93 percent occupied at the time of sale by tenants including T.J. Maxx, HomeGoods, LA Fitness, DSW and Petco. The remaining portion of the center is occupied by a corporately owned Walmart Supercenter.

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Metro-Shops_Hyattsville-Md
FinanceInvestment salesMarylandNews

JLL Arranges $18.4 Million Acquisition Financing for Retail Center in Metro Washington, D.C. 

by Hayden Spiess

Hyattsville, Md. — JLL Capital Markets has arranged an $18.4 million loan to finance the acquisition of Metro Shops, a retail center located in the Washington, D.C. suburb of Hyattsville. Built in 2007 at 2900 Belcrest Center Drive, the property totals 160,623 square feet and is situated across from the 1 million-square-foot Mall at Prince George’s. Tenants at the center include Bob’s Discount Furniture, Staples, LA Fitness, Citibank and Dunkin’ Donuts. Michael Klein, Max Custer, Brian Buglione and Benjamin Morgenthal of JLL secured the financing through Loews Corp. on behalf of …

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Delray-Corner_Delray-Beach-Fla
FinanceFloridaNews

Berta Management Secures $18.5 Million Financing for Delray Corner Shopping Center in South Florida

by Hayden Spiess

Delray Beach, Fla. — Berta Management has secured an $18.5 million loan for the refinancing of Delray Corner, an 86,043-square-foot shopping center located in Delray Beach. Justin Neelis of Concord Summit Capital arranged the five-year, fixed-rate financing on behalf of the borrower. Michaels is scheduled to open a 25,600-square-foot store in the first quarter of this year as the new anchor tenant, taking over a renovated space formerly occupied by Bed Bath & Beyond. Other tenants at the property include Conviva, CVS/pharmacy and Starbucks Coffee. 

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Ent-Credit-Union-Greeley-CO
ColoradoInvestment salesNews

Marcus & Millichap Brokers $2.2 Million Sale of Ground Lease in Greeley, Colorado

by Hayden Spiess

Greeley, Colo. — Marcus & Millichap has brokered the $2.2 million sale of a 15-year, absolute triple-net ground lease for an Ent Credit Union-occupied property in Greeley, southeast of Fort Collins. A developer sold the property to an undisclosed buyer. Drew Isaac and Ian Hicks of Marcus & Millichap’s Denver office represented the seller in the deal. The Ent Credit Union is situated within a mixed-use development that also features a Starbucks Coffee and QuikTrip, as well as residential space. 

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Deer-Park-Town-Center_Deer-Park-Ill
IllinoisLeasingNews

Five Tenants Sign Leases at Deer Park Town Center in Illinois

by Hayden Spiess

Deer Park, Ill. — Five new tenants have joined the tenant roster at Deer Park Town Center, a shopping center located in Deer Park, roughly 40 miles outside Chicago. Victoria’s Secret has opened a 4,965-square-foot store at the property, and Clean Juice, The Shade Store and Aerie are scheduled to open this spring, occupying 1,371; 1,550 and 4,500 square feet, respectively. Ancho & Agave will also open an 8,750-square-foot restaurant at the center this fall. JLL manages the property.

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Sawyers-Walk_Miami
DevelopmentFloridaLeasingMixed-useNews

SG Holdings Completes Leasing at $350 Million Mixed-Use Development in Miami, Plans Summer Opening

by Hayden Spiess

Miami — SG Holdings has completed leasing at Sawyer’s Walk, a 3.4-acre mixed-use development underway in Miami’s Overtown neighborhood. The project, which will feature retail space, offices and affordable housing for seniors, is set to open this summer. SG Holdings is a partnership comprising Swerdlow Group, SJM Partners and Alben Duffie. The development team broke ground on Sawyer’s Walk in summer 2021. The development costs were not disclosed, but the Miami Herald reported the price tag hovers around $350 million. “The anticipated delivery of our mixed-use development will serve as an economic catalyst …

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Fiddler's-Run_Morganton-N.C
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Brokers $8.3 Million Sale of Fiddler’s Run Shopping Center in North Carolina

by Hayden Spiess

Morganton, N.C. — Legacy Realty Group Advisors has brokered the $8.3 million sale of Fiddler’s Run Shopping Center in Morganton. Food Lion anchors the property, which totals 200,000 square feet. Jacob Baruch and Daniel Baruch of Legacy represented both the buyer and seller in the transaction. 

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