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Bensalem Shopping Center
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Facilitates Sale of 109,057-Square-Foot Retail Center in Metro Philadelphia

by Abby Cox

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 …

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FloridaInvestment salesNews

Franklin Street Arranges $86.3 Million Sale of Retail Portfolio in Jacksonville, Florida

by Abby Cox

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.

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LeasingNewsPennsylvania

Three Retail Tenants Open at High Pointe Commons in Harrisburg, Pennsylvania

by Abby Cox

Harrisburg, Pa. — High Pointe Commons, a 359,000-square-foot shopping center located in Harrisburg, has introduced its second wave of new retail tenants. The first wave of leases, which were announced within the past two years, include NYC Sugaring, FedEx, Fleet Feet, Five Below, Warhammer and LensCrafters. Additionally, three more tenants have joined the tenant roster this month, including men’s apparel store DXL Big + Tall, Crumbl Cookies, and AT&T, all of which are now open. Levin Management Corp. (LMC) leases and manages the property. Fred Younkin internally represented LMC in …

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Company newsIllinoisNew YorkNews

Sycamore Partners Agrees to Acquire, Privatize Drugstore Giant Walgreens in Multibillion-Dollar Deal

by Abby Cox

Deerfield, Ill. and New York City — Walgreens Boots Alliance (WBA) has entered into a definitive agreement to be acquired by an entity affiliated with private equity firm Sycamore Partners. The total value of the transaction is $23.7 billion, according to WBA, including an equity value of $10 billion, as well as debt, capital leases and potential future payouts from the opioid and Everly Health Solutions COVID-19 testing settlements. Upon completion of the transaction, which is expected to close in the fourth quarter of 2025, WBA common stock will be …

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Wawa
FloridaInvestment salesNews

SRS Brokers $4.9 Million Sale of Retail Property in Davie, Florida

by Abby Cox

Davie, Fla. — SRS Real Estate Partners has brokered the $4.9 million ground lease sale of a Wawa convenience store property located in Davie, roughly 24 miles north of Miami. Built in 2016, the Wawa property totals 5,636 square feet and operates on a corporate-guaranteed lease. A South Florida-based development and investment firm sold the property to a private investor from South Florida in a 1031 exchange. Patrick Nutt and William Wamble of SRS Capital Markets represented the seller in the transaction.

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Burlington Coat Factory
LeasingNewsTexas

Burlington to Open 20,350-Square-Foot Store in Houston

by Abby Cox

Houston — Burlington Coat Factory will open a 20,350-square-foot store at The Shops at Stone Park, a 250,000-square-foot regional power center located in East Houston. The discount clothing retailer will backfill an anchor space that was formerly occupied by Staples, joining a tenant roster that includes Chick-fil-A, Best Buy, Marshalls, Rack Room Shoes and JCPenney. Developed in 2009 on 23 acres, The Shops at Stone Park is more than 99 percent leased. Greg Stackhouse of New Regional Planning represented Burlington in the lease negotiations. Nina Irwin of NewQuest represented the …

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CaliforniaCompany newsDevelopmentNews

Ross Stores Opens 19 Locations

by Abby Cox

Dublin, Calif. — Ross Stores Inc. has opened 16 Ross Dress for Less stores and three dd’s DISCOUNTS stores across 14 different states this month. The newest store locations are part of the company’s plans to open a total of approximately 90 new stores in 2025, which will comprise 80 Ross’ and 10 dd’s DISCOUNTS. Ross has expanded its presence in the newer markets of Connecticut, Minnesota, New Jersey and New York, while dd’s DISCOUNTS has focused on the existing markets of California, Georgia and Texas. Ross Dress for Less …

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Irmo Station
Grocery-anchoredInvestment salesNewsSouth Carolina

Palomar Group Brokers Sale of 99,384-Square-Foot Shopping Center in Irmo, South Carolina

by Abby Cox

Irmo, S.C. — The Palomar Group has brokered the sale of Irmo Station, a 99,384-square-foot shopping center located in the Columbia suburb of Irmo. Originally built in 1980, the Kroger-anchored center is situated on 13.8 acres. Tenants at the property include Orangetheory Fitness, Pizza Hut, Pet Supplies Plus and Palm Beach Tan. A publicly traded REIT acquired the property for an undisclosed price.

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Walgreens
GeorgiaInvestment salesNet leaseNews

Marcus & Millichap Arranges Sale, Financing of Walgreens Property in Lawrenceville, Georgia

by Abby Cox

Lawrenceville, Ga. — Marcus & Millichap has arranged the sale and financing of a Walgreens property in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Built in 2004, Walgreens is situated on 1.2 acres. The property is net leased with under 10 years remaining on a corporate-guaranteed, absolute net lease with options to renew.  Luke Lamoreaux of Marcus & Millichap Capital Corp. (MMCC), a subsidiary of Marcus & Millichap, secured acquisition financing for the property. Ashish Vakhariya, Darin Gross and Seth Haron of Marcus & Millichap’s Detroit office marketed the property …

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