Sunday, June 22, 2025
Read the Digital Magazines
Subscribe

News

Shoppes-of-Southbay_Riverview-Fla
FinanceFloridaNews

CBRE Secures $15.2 Million Refinancing for Retail Center in Metro Tampa

by Hayden Spiess

Riverview, Fla. — CBRE has secured a $15.2 million loan for the refinancing of Shoppes of Southbay, a 99,542-square-foot retail center located in Riverview. Tenants at the property, which was fully leased at the time of financing, include Winn-Dixie, Tampa General Hospital, Buffalo Wild Wings, Panera Bread and Leslie’s Poolmart. Paul Ahmed and Mackenzie Lampman of CBRE arranged the loan through a life insurance company on behalf of the borrower, a partnership between Peter Wenzel of Wenzel Investment Group and Victor Ferraez. The partnership acquired the property, which was originally built …

Continue Reading
0 FacebookTwitterLinkedinEmail
Southern-Shores-Marketplace_Outer-Banks
Grocery-anchoredInvestment salesNewsNorth Carolina

Klein Enterprises Purchases 140,000-Square-Foot Shopping Center in North Carolina

by Hayden Spiess

Southern Shores, N.C. —Klein Enterprises has purchased Southern Shores Marketplace, a 140,000-square-foot shopping center located in Southern Shores. Food Lion anchors the property. Other tenants include Starbucks Coffee, Verizon Wireless, CVS/pharmacy, Jersey Mike’s, OBX Optical and Coastal Rehabilitation. The seller, Aston Properties, recently redeveloped the shopping center and executed new leases with Marshalls, Rack Room Shoes and Five Below. An affiliate of Klein Enterprises purchased the property for an undisclosed price using acquisition financing from TD Bank. Berkeley Capital Advisors brokered the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Central-Valley-Plaza-Modesto-CA
CaliforniaFinanceNews

PSRS Arranges $14.5 Million Loan for Central Valley Plaza Shopping Center in California

by Hayden Spiess

Modesto, Calif. — PSRS has arranged $14.5 million in permanent debt for Central Valley Plaza, a retail center located in Modesto. Walmart and Kohl’s anchor the property. Michael Thorp of PSRS secured the 10-year loan through a life insurance company on behalf of the undisclosed borrower.

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNet leaseNewsRestaurants

SRS Brokers $4.6 Million Sale of Restaurant Building in Jacksonville, Florida

by Hayden Spiess

Jacksonville, Fla. — SRS Real Estate Partners has brokered the $4.6 million sale of a 3,937-square-foot restaurant building located in Jacksonville. Panera Bread occupies the property, which was constructed earlier this year as an outparcel to Oakleaf Town Center. The 15-year, triple-net lease features scheduled rental increases every five years. Patrick Nutt and William Wamble of SRS represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Merchants-Walk_Henrico
Grocery-anchoredInvestment salesNewsVirginia

Divaris Brokers $18.4 Million Sale of Merchant’s Walk Shopping Center in Metro Richmond

by Hayden Spiess

Henrico, Va. —Divaris Real Estate has brokered the $18.4 million sale of Merchant’s Walk Shopping Center, a 219,972-square-foot retail center located in Henrico, roughly 10 miles northwest of Richmond. Merchant’s Walk was 97 percent leased at the time of sale to 38 retailers. Food Lion, AutoZone and JoAnn Fabric and Craft anchor the property. Qi Lin purchased the 20-acre property from the undisclosed seller. John Madures of Divaris represented the buyer in the transaction. Qi Lin has retained Divaris to lease Merchant’s Walk, which has two retail availabilities. Divaris Property Management …

Continue Reading
0 FacebookTwitterLinkedinEmail
Columbine-Plaza-Littleton-CO
ColoradoInvestment salesNews

Hawkeye INVSCO Sells Three-Property Retail Portfolio in Littleton, Colorado for $15.1 Million

by Hayden Spiess

Littleton, Colo. — Hawkeye INVSCO has sold a three-property retail portfolio in Littleton to an undisclosed investor for $15.1 million. Totaling 101,103 square feet, the portfolio includes Marketplace at Ken Caryl, Columbine Plaza and Marina Pointe Shopping Center. Marketplace at Ken Caryl comprises 47,606 square feet and was originally built in 1981. Columbine Plaza offers 33,947 square feet of multi-tenant space, and Marina Pointe Shopping Center features 19,550 square feet situated on 1.8 acres. Jon Hendrickson, Aaron Johnson and Mitch Veremeychik of Cushman & Wakefield represented the seller in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Alma-School-Ray-Rds-Chandler-AZ
ArizonaInvestment salesNews

ORION Investment Arranges $4.6 Million Sale of Retail Center in Chandler, Arizona

by Hayden Spiess

Chandler, Ariz. — ORION Investment Real Estate has arranged the $4.6 million sale of a retail strip center located in Chandler. Max Taylor & Co. LLC sold the asset to The Yerahmiel Rocky Rotshein Property Trust. The property was fully leased at the time of sale. Nick Miner of ORION represented the seller in the transaction. Simon Asef of DMC Real Estate represented the buyer. 

Continue Reading
0 FacebookTwitterLinkedinEmail
North-Providence-Marketplace_North-Providence-R.I
Grocery-anchoredInvestment salesNewsRhode Island

ShopOne, Pantheon Acquire 112,497-Square-Foot Retail Center in Rhode Island

by Hayden Spiess

North Providence, R.I. — A joint venture partnership between ShopOne Centers REIT, Pantheon and an undisclosed global institutional investor has acquired North Providence Marketplace, a 112,497-square-foot retail center located in North Providence. Shaw’s Supermarket anchors the property, which was 88 percent occupied at the time of sale. Other tenants include Dollar Tree, Rainbow, H&R Block and Sally Beauty Supply. Shaw’s features an in-store Starbucks Coffee. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Airport-Village_Coatesville-Pa
Investment salesNewsPennsylvania

Neuman Arranges Sale of 70,500-Square-Foot Shopping Center in Pennsylvania

by Hayden Spiess

Coatesville, Pa. — Neuman Commercial Group has arranged the sale of Airport Village, a 70,500-square-foot shopping center located in Coatesville, roughly 45 miles west of Philadelphia. Tenants at the property, which was 87 percent occupied at the time of sale, include Aldi, Dollar Tree, Rite Aid, Burger King, Verizon and US Renal Care. Gil Neuman of Neuman Commercial Group represented the seller, Nassimi Realty of New York, in the transaction. 

Continue Reading
0 FacebookTwitterLinkedinEmail
Church-Street-Market_Orlando-Fla
FloridaLeasingNewsRestaurants

Five Tenants Sign Leases Totaling 25,000 Square Feet at Church Street Market in Orlando, Florida

by Hayden Spiess

Orlando, Fla. — Five tenants have signed 10-year leases at The Church Street Market, the 72,000-square-foot retail space at 55 West, an apartment tower located in downtown Orlando. Restaurants Birria 1983, The Bao Spot and BluWave Sushi will occupy 3,800; 2,100; and 3,000 square feet, respectively. Additionally, SAK Comedy Lab will lease 7,200 square feet, and Luxe Med Spa will open a 3,800-square-foot spa at the property. The new leases bring Church Street Market, which was built in 2006, to 91 percent occupancy. Aaron Dan and Kathy Bonini of Lincoln Property …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts