News

Sugar Land Town Square

Sugar Land, Texas — The Sugar Land Development Corp. and the Sugar Land 4B Corp. have approved $12.5 million in funding for the renovation and modernization of Sugar Land Town Square, the city’s 1.4 million-square-foot downtown mixed-use development. Under the terms of the funding agreement, part of the project will receive upgrades to its communal office and amenity spaces, as well as its landscaping and streetscaping. In addition, another area will see renovations to its entryway, lobby and signage, along with updates to the garden area, new furniture, fixtures and equipment. …

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Preston Stonebrook

Frisco, Texas — JLL Capital Markets has arranged the sale of Preston Stonebrook, a 53,553-square-foot retail center located in Frisco. Built in 1997, the property was 93 percent leased at the time of sale. Tenants at the center include Plato’s Closet, Emler Swim School, Dogtopia and Horizon Hot Yoga. Adam Howells and Erin Lazarus of JLL’s Investment Sales and Advisory team represented the sellers, Bo Brownlee and Easley Waggoner, Jr., of Venture Investment Partners in the transaction.

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1800-North-Main-Street

High Point, N.C. — West Palm Beach, Florida-based FrostPoint Capital has acquired a 33,455-square-foot retail center in High Point. Located at 1800 N. Main St., the unanchored shopping center is roughly one mile west of High Point University. Tenants at the property include Company’s Coming, 98 Asian Bistro, Tea Time Boba Tea Lounge, Hair Kutts Salon, Still Waters Spa, TL Fitness and Q’s Corner. FrostPoint Capital is planning an extensive redevelopment that will pay tribute to the site’s former occupant, Lyles Chevrolet. This transaction marks FrostPoint Capital’s 14th acquisition in …

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The Cliff

Henderson, Nev. — The City of Henderson has approved development plans for The Cliff, a $50 million open-air retail and dining destination located in Henderson, roughly 15 miles outside Las Vegas. A 100,000-square-foot office complex on the property will be redeveloped into a pedestrian-friendly, retail-oriented environment that features landscaped courtyards, breezeways, public art, live music and a kiosk village named “The Yard.” Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff will be Henderson’s first retail development in more than 20 years. Construction is expected to …

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Barclay Square Shopping Center

Greenacres, Fla. — Atlantic Commercial Group has arranged the $11.3 million sale of Barclay Square Shopping Center, a 78,000-square-foot retail center located in Greenacres. Situated at the intersection of 10th Ave. N. and Jog Road, the property is anchored by Tapatia Supermarket. Additional tenants include State Farm, Bicycle World, CVS Pharmacy, PPG Paint and Keller Williams Realty. This transaction marks the first time Barclay Square Shopping Center has been sold in 25 years. Gary Broidis of Delray Beach-based Atlantic Commercial Group represented the seller in the transaction. West Palm Beach-based Strategic …

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Circle K

Coachella, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed, 4,625-square-foot single-tenant retail property located in Coachella. A Circle K convenience store and gas station occupies the site on a 15-year, absolute triple-net-lease with 10 percent rental increase every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, California-based Fountainhead Development, in the transaction. Aaron Bove of Marcus & Millichap’s San Diego office represented the 1031 exchange buyer, a San Diego-based private investor.

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Liberty Village

Braselton, Ga. — Conshohocken, Pennsylvania-based CenterSquare Investment Management has acquired Liberty Village, a 13,844-square-foot service retail shopping center located in Braselton, roughly 40 miles northeast of Atlanta. Built in 2025, the property was fully leased to tenants including Chicken Salad Chick, Tropical Smoothie Café, Chipotle, Papa Johns Pizza, Sage Dental and Tin Drum at the time of sale. This transaction marks CenterSquare’s 21st acquisition in the Southeast.

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Fossil Creek at Alta Mesa

Fort Worth, Texas — Marcus & Millichap has brokered the sale of Fossil Creek at Alta Mesa, an 11,228-square-foot shopping center located within the master-planned community of Tavola Park in Fort Worth. Built in 2023, the property sits on 1.4 acres and was fully leased at the time of sale. Tenants at the center include Meza Pizza, REVFIT, Creek Liquor Wine & Cigar, Resort Nail Bar and Stretch Zone. Chris Gainey and Philip Levy of Marcus & Millichap’s Dallas office represented the seller, a Dallas–Fort Worth-based developer, in the transaction. The 1031-exchange …

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Black Diamond, Wash. — Pepper Pike, Ohio-based Visconsi Cos. has negotiated a 58,000-square-foot lease with Safeway at Black Diamond Town Center, a mixed-use development located within the master-planned community of Ten Trails. Situated roughly 30 miles southeast of Seattle, the new Safeway will serve as the property’s anchor tenant and will also feature a full-service deli counter, bakery and pharmacy. Construction of the new grocery store is scheduled to begin later this summer, with a grand opening anticipated for the fourth quarter of 2026.

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The Rush Funplex

Phoenix — Scottsdale-based Diversified Partners has signed The Rush Funplex, a 75,000-square-foot indoor family entertainment center, to anchor its new 14-acre mixed-use development located in the Phoenix neighborhood of Laveen. Construction is expected to begin by early 2026, with a grand opening scheduled for December 2026. Developed by Diversified Partners and designed by RKAA Architects, the facility will feature go-karts, bowling, a rock-climbing wall with a foam pit, laser tag, mini-golf, arcade, bumper cars, kiddie cars, private party rooms and a café. Additional tenants that will join The Rush Funplex include …

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