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Big-Lots-Inglewood-California
Company newsFinanceNewsOhio

Big Lots Files for Chapter 11 Bankruptcy, Enters into Sale Agreement with Nexus Capital

by Hayden Spiess

Columbus, Ohio — Big Lots has filed for voluntary Chapter 11 bankruptcy protection and has entered into a sale agreement with Los Angeles-based private equity firm Nexus Capital Management, a deal that would that the Ohio-based discount retailer private. Under the terms of the agreement, Nexus will serve as the “stalking horse bidder” (the approved investor that sets the low-end bar for a bankrupt company) in a court-supervised auction to acquire “substantially all” of Big Lots’ physical assets and ongoing business operations. Big Lots expects to keep the majority of its …

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Brookhaven-Station_Brookhaven-Ga
GeorgiaInvestment salesNews

JLL Brokers Sale of 44,966-Square-Foot Brookhaven Station Retail Center in Atlanta Suburb

by Hayden Spiess

Brookhaven, Ga. — JLL has brokered the sale of Brookhaven Station, a 44,966-square-foot retail center located in the Atlanta suburb of Brookhaven. SITE Centers acquired the property from Hendon Properties for an undisclosed price. Originally built in 1985, the center was renovated between 2022 and 2023. Tenants at the property include Chick-fil-A, Fox Bros. Bar-B-Q, Chop’t and Mellow Mushroom. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller in the transaction. 

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Castle-Hills-Market_San-Antonio-Texas
Investment salesNewsTexas

ZRP Sells 97,682-Square-Foot Retail Center in San Antonio, Texas

by Hayden Spiess

San Antonio, Texas — Ziff Real Estate Partners (ZRP) has sold Castle Hills Market, a 97,682-square-foot retail center located in San Antonio. A Dallas-based private buyer acquired the property for an undisclosed price. John Indelli, Whitney Snell, Chris Gerard and Ryan West of JLL brokered the transaction. ZRP purchased the center in 2020 and has implemented physical enhancements and tenancy upgrades at the property. 

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Hawthorne-Plaza_Middle-River-Md
Grocery-anchoredInvestment salesMarylandNews

Neuman Arranges $6.4 Million Sale of Shopping Center in Metro Baltimore

by Hayden Spiess

Middle River, Md. — Neuman Commercial Group has arranged the $6.4 million sale of Hawthorne Plaza, a shopping center located in Middle River, roughly 10 miles outside downtown Baltimore. Originally developed in 1960, the property totals 69,582 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Family Dollar, ExoticHaus Furniture and Geresbeck’s Food Market. Gil Neuman of Neuman Commercial Group represented the buyer, Rockpark Group with Redwood Capital Group, in the transaction. Thornhill Properties Management represented the seller, Hawthorne Inc. 

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CaliforniaLeasingNews

Five New Tenants Sign Leases at MainPlace in Santa Ana, California

by Hayden Spiess

Santa Ana, Calif. — Five new tenants have signed leases at MainPlace, a three-story shopping center located in Santa Ana. FYE, Express, WOW Games and Flowers on Wheels are now open at the property, occupying 6,326; 7,907; 1,326; and 1,199 square feet, respectively. Lollicup Fresh will also join the tenant lineup and is scheduled to open a 1,328-square-foot shop this month. Centennial owns and operates the shopping center, which features roughly 150 retailers and restaurants. 

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Falcon-Ridge-Town-Center-Fontana-CA
CaliforniaInvestment salesNews

MCB Real Estate, DRA Advisors Purchase Falcon Ridge Town Center in Southern California for $65 Million 

by Hayden Spiess

Fontana, Calif. — A joint venture between MCB Real Estate and a fund managed by DRA Advisors has purchased Falcon Ridge Town Center, a retail center located in Fontana, for $65 million. Built in 2005 and renovated in 2023, the property totals 273,424 square feet. Tenants at the center, which was fully leased at the time of sale, include Ulta Beauty, Famous Footwear, Five Below, Michaels, Dollar Tree and Ross Dress for Less.

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Main-Marketplace_Frisco-Texas
Investment salesNewsTexas

Matthews Arranges Sale of 115,736-Square-Foot Retail Center in Frisco, Texas

by Hayden Spiess

Frisco, Texas — Matthews Real Estate Investment Services has arranged the sale of Main Marketplace, a 115,736-square-foot retail center located in Frisco. Situated on 14.7 acres, the property was 97 percent leased at the time of sale. Current tenants at the center include Capriotti’s Sandwich Shop, Flix Brewhouse and Texas Family Fitness. Baylor Worman and Grayson Duyck of Matthews represented the buyer, a private investor, in the transaction. Michael Austry and Jared Aubrey of CBRE represented the seller. 

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College-Plaza_Fort-Myers-Fla
FloridaInvestment salesNews

CBRE Brokers $14.6 Million Sale of College Plaza Retail Center in Fort Myers, Florida

by Hayden Spiess

Fort Myers, Fla. — CBRE has brokered the $14.6 million sale of College Plaza, a retail center located in Fort Myers. An entity doing business as College Plaza Center LLC acquired the property from an entity doing business as College Venture 1 LLC. Jim Shiebler of CBRE represented both the buyer and seller in the transaction. Tenants at College Plaza, which totals 56,386 square feet, include Ada’s Natural Market, West Marine and Pet Supermarket. The center also features an outparcel occupied by Five Guys, Tijuana Flats and The Good Feet Store. 

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Investment salesNewsTexas

Headwall Investments Acquires 29,114-Square-Foot Shopping Center in Metro Houston

by Hayden Spiess

Pasadena, Texas — Headwall Investments has acquired Fairmont Crossing Retail Center, a 29,114-square-foot shopping center located in Pasadena, roughly 15 miles outside Houston. Tenants at the property, which is situated on 3.3 acres, include Red Wing Shoes, Thriveworks, Just Love Coffee, Kirkwood Medical Associates and Fidelity National Title. The property was originally developed in two phases in 2008 and 2012. 

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Company newsIllinoisNews

Save A Lot, Yellow Banana to Reopen Six Grocery Stores in Chicago

by Hayden Spiess

Chicago — Grocery chain Save A Lot and Yellow Banana, a grocery platform that owns and operates Save A Lot stores, have announced the reopening of six remodeled stores in Chicago. Each of the stores has undergone extensive interior and exterior renovations. Openings have commenced and are scheduled to continue through the fall. Renovations at the locations included the addition of new flooring, lighting, equipment, HVAC systems, dairy and meat cases, paint, décor, fixtures and signage. 

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