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Hunt Valley Towne Centre
DevelopmentMarylandMixed-useNews

Greenberg Gibbons Begins $10 Million Renovation of Hunt Valley Towne Centre Near Baltimore

by Abby Cox

Cockeysville, Md. — Greenberg Gibbons is underway with the $10 million renovation of Hunt Valley Towne Centre, a 925,000-square-foot mixed-use development located in Cockeysville, roughly 16 miles north of Baltimore. The renovation project will feature a new plaza and improvements to the center’s Regal movie theatre. Situated within Hunt Valley’s Main Street corridor, the new plaza will feature an expansive turf lawn, pergola, seating area, retractable 14-foot multimedia screen, as well as space for games and seasonal activities. The plaza will also host the center’s “Friday Night Live” summer concert …

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Ocean Village Square
FloridaInvestment salesNews

Marcus & Millichap Brokers $8.4 Million Sale of 60,631-Square-Foot Shopping Center in New Smyrna Beach, Florida

by Abby Cox

New Smyrna Beach, Fla. — Marcus & Millichap has brokered the $8.4 million sale of Ocean Village Square, a 60,631-square-foot shopping center located in New Smyrna Beach. Built in 1986, the center is anchored by Dollar General and sits on 9 acres. Other tenants include Nautilus Fitness NSB, Touch of Italy and the Atlantic Wellness Center. David Vaughan and Ray Turchi of Marcus & Millichap procured the buyer, a private investor based in Central Florida.

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CaliforniaLeasingNewsPower centers

Majestic Signs Leases with Four New Tenants Across Southern California Retail Portfolio

by Abby Cox

Redlands, Calif. and Walnut, Calif. — Majestic Realty Retail, a division of Majestic Realty Co., has signed leases with four new tenants across its Southern California retail portfolio. Burlington Stores has already opened at Citrus Plaza, a 545,000-square-foot regional lifestyle power center located in Redlands. Total Wine & More and Handel’s Homemade Ice Cream have also opened at Mountain Grove, Citrus Plaza’s 470,000-square-foot sister project. Additionally, Einstein Bros. Bagels has secured a space at The Village Shopping Center, a 129,000-square-foot shopping center situated in the Los Angeles suburb of Walnut. Main …

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Towne West Square Mall
Architecture and DesignDevelopmentKansasNews

IRG, Provider to Redevelop 60-Acre Towne West Square Mall in Wichita, Kansas

by Abby Cox

Wichita, Kan. — Industrial Realty Group LLC (IRG) and Provider Real Estate Partners LLC (PREP) have acquired Towne West Square Mall, a 650,000-square-foot shopping mall in southwest Wichita. The partnership plans to redevelop the 60-acre property into a multi-tenant campus called Wichita Business Park. “The City of Wichita is thrilled to have new ownership of this property and is excited about the redevelopment plan proposed by IRG and PREP,” says Wichita Mayor Lily Wu. After nearly 44 years in operation, Towne West Square Mall closed its doors officially over the …

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Gold’s Marketplace
ColoradoInvestment salesNews

Canopy Real Estate Partners Acquires Retail Center in Metro Denver for $15.8 Million 

by Abby Cox

Wheat Ridge, Colo. — Denver-based Canopy Real Estate Partners has acquired Gold’s Marketplace, a neighborhood retail center located roughly six miles outside Denver in Wheat Ridge, for $15.8 million. Situated at 26th Ave. and Kipling St., the 59,000-square-foot center was 83 percent leased to 17 tenants including Illegal Pete’s, Esters Neighborhood Pub, Queen City Collective Coffee, Em’s Ice Cream and Rich Spirit Bagels at the time of sale.

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Mission Escondido Shopping Center
CaliforniaLeasingNews

Capstone Advisors Completes $1 Million Renovation of Mission Escondido Shopping Center in Metro San Diego

by Abby Cox

Escondido, Calif. — Capstone Advisors has completed the $1 million renovation of Mission Escondido Shopping Center, a 41,530-square-foot shopping center located in Escondido, approximately 30 miles north of San Diego. Originally built in 1980, the renovation project included a contemporary design with a refreshed color palette and standing seam metal roof, as well as drought-tolerant landscaping, updated site and tenant signage and parking lot improvements. Additionally, the center is now fully leased to 14 tenants including Dongbu Korean BBQ, Prism Jiu Jitsu and Swan Hair Salon. The renovation was designed by …

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Starbucks Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3.7 Million Sale of Single-Tenant Retail Property in Cathedral City, California

by Abby Cox

Cathedral City, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.7 million sale of a newly constructed, single-tenant retail property located in Cathedral City, roughly seven miles southeast of Palm Springs. Situated within the Cathedral Cove Center, a 1,900-square-foot Starbucks Coffee occupies the building on a 10-year triple-net-lease with 10 percent rent increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller in the transaction. Alexander Moore of SRS Real Estate Partners represented the 1031 exchange buyer, a Roseville, California-based private investor.

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Company newsFloridaNews

Fatburger Signs 40-Unit Franchise Deal in Florida 

by Abby Cox

Los Angeles — Beverly Hills, California-based FAT Brands Inc., parent company of Fatburger and 17 other restaurant concepts, has signed a new development deal with existing franchisee Whole Factor Inc., to open 40 additional Fatburger locations across Florida over the next 10 years. Since 2021, the fast-casual hamburger chain has expanded into the Orlando and Tampa areas with a 14-unit development deal, opening the newest restaurant locations in Riverview and Celebration. FAT Brands currently owns and franchises more than 2,300 units worldwide.

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Civic Center Plaza
CaliforniaInvestment salesNews

Brixton Capital Acquires 60,000-Square-Foot Shopping Center in Metro San Diego

by Abby Cox

San Marcos, Calif. — Locally based Brixton Capital has acquired Civic Center Plaza, a 60,000-square-foot shopping center located in San Marcos, roughly 35 miles north of downtown San Diego. Originally developed in 2007 in conjunction with the city, the four-building center was 97 percent leased at the time of sale. Other tenants include LA Fitness, FedEx, Subway, Robek’s, PizzaNova and Ryan Bros Coffee. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller, the City of San Marcos, in the transaction, while Brixton internally represented the company in …

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Circle K convenience store
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $4.2 Million Sale of Single-Tenant Retail Property Near Palm Springs, California

by Abby Cox

Cathedral City, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4.2 million sale of a newly constructed, single-tenant retail property located in Cathedral City, approximately seven miles southeast of Palm Springs. A 3,700-square-foot Circle K convenience store occupies the building, which is situated within Cathedral Cove Center on a 20-year triple-net-lease with 10 percent rent increases every five years. Circle K is scheduled to open in fall 2025. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, California-based Fountainhead Development, in the …

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