Fountain Valley, Calif. — Gantry has secured a $17 million permanent loan for the refinancing of Village Center, a 93,000-square-foot retail center located in Fountain Valley. Sprouts Farmers Market, Rite Aid and Dollar Tree anchor the property. Braden Turnbull, George Mitsanas and Austin Ridge of Gantry arranged the five-year, fixed-rate financing on behalf of the borrower, Paragon Commercial Group.
Houston — JLL has negotiated the sale of two adjacent shopping centers totaling 93,757 square feet in Houston. Sunridge Shopping Center and Westchase Plaza comprise 49,359 and 44,398 square feet, respectively. Ryan West, John Indelli, Clay Anderson and Ryan Olive of JLL represented the seller, Whitestone REIT, in the transaction. An entity controlled by Bridgewell Property Management acquired both properties.
Georgetown, Texas —Headwall Investments has acquired The Market at Georgetown, a 54,994-square-foot shopping center located in Georgetown, on the northern outskirts of Austin. Tenants at the property include Pok-e-Jo’s Smokehouse, House of Gainz and Double Dave’s Pizzaworks.
Long Beach, Calif. — SRS Real Estate Partners’ National Net Lease Group has brokered the $4.3 million sale of a single-tenant property located in Long Beach. Vans occupies the 3,749-square-foot building, which was built in 1926, on a triple-net-lease basis. Chris Tramontano and John Redfield of SRS represented the seller. Nathan Holthouser of Coastal Commercial Inc. represented the buyer.
Riverside, Calif. — Three tenants have signed leases totaling 24,220 square feet at Canyon Springs Marketplace in Riverside, bringing the property to 100 percent occupancy. Sephora and Urbane Café recently opened at the 183,000-square-foot center, occupying 4,320 and 1,600 square feet, respectively. Boot Barn has also signed a lease at the property and will open an 18,300-square-foot store this fall. Brad Umansky and Albert Lopez of Progressive Real Estate Partners represented the landlord, TDA Investment Property, in the leasing negotiations.
Lutz, Fla. — Newmark has brokered the $49.6 million sale of Cypress Creek Town Center Portfolio, a 240,211-square-foot shopping center located in Lutz. Total Wine, Hobby Lobby, Burlington, HomeGoods, Badcock Furniture and Dollar Tree anchor the portfolio, which comprises four parcels that were fully leased at the time of sale. An undisclosed buyer acquired the properties. Drew Fleming of Newmark arranged the sale on behalf of the seller, Hutton.
Walpole, Mass. — Wilder, in cooperation with an undisclosed partner, has acquired Walpole Mall, a 429,285-square-foot shopping center located in Walpole, roughly 30 miles outside Boston. Atlantic Capital Partners represented both the buyer and seller in the $72 million transaction. Tenants at the property include Kohl’s, Aldi, Barnes & Noble, Old Navy, Panera Bread, Aspen Dental, T-Mobile, PetSmart, X Golf, Five Guys, Wines and More and LA Fitness. Gary Robinson of Wilder will lead leasing efforts at the shopping center.
Asheboro, Morganton and Statesville, N.C. — Legacy has arranged the acquisition of three shopping centers for a total of $15.2 million in North Carolina. Food Lion anchors each of the properties, which were sold by two separate, undisclosed sellers. Together, Oakie Mountain Shopping Center in Asheboro, East Union Plaza in Morganton and Eastgate Commons in Statesville comprise 135,000 square feet. Jacob Baruch of Legacy represented the undisclosed buyer in the transactions.
Indianapolis — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has facilitated the sale of Marwood Plaza in Indianapolis. The Kroger-anchored shopping center totals 107,080 square feet. The property was originally developed in 1972 and completely refurbished in 2021. Kroger occupies 42 percent of the property’s gross leasable area. Bill Rose, Erin Patton, Scott Wiles and Craig Fuller of IPA represented the seller, Citivest Commercial, and procured the buyer, Core Marwood Plaza LLC. The shopping center was 93.5 percent occupied at the time of sale. Tenants include Buyer’s Market, …
Rocklin, Calif. — Circle K has signed a 3,700-square-foot lease at University Square, a 10-acre mixed-use development currently underway in Rocklin. Upon completion, the convenience store and gas station will be situated on a site featuring more than 20,000 square feet of retail space and 5,000 square feet of space for quick-service restaurants. LRE & Cos. is the developer and landlord, and the development is scheduled for completion in late 2025.
