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Commonwealth Shopping Center
FloridaGrocery-anchoredInvestment salesNews

Saglo Cos. Sells Grocery-Anchored Retail Center in Jacksonville, Florida, for $8.1 Million

by Abby Cox

Jacksonville, Fla. — Saglo Cos. has sold Commonwealth Shopping Center, an 81,467-square-foot retail center located in Jacksonville, for $8.1 million. The transaction also features an additional six acres of vacant land. Built in 1984, the shopping center is anchored by Rowe’s IGA Supermarket. Other tenants include Dollar Tree, Hibbett Sports, Rent-A-Center and Pizza Hut. Drew Kristol and Kirk Olson of Marcus & Millichap marketed the property on behalf of the seller. Meilian Solomon of LoKation Real Estate procured the buyer, Edgewood USA LLC, in the transaction.

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Super-Star_ Express
CaliforniaInvestment salesNews

Hanley Investment Group Arranges $3.4 Million Sale of Single-Tenant Retail Property in Inland Empire

by Abby Cox

Lake Elsinore, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.4 million sale of a single-tenant retail property located in the Inland Empire city of Lake Elsinore. Super Star Express Car Wash occupies the 4,116-square-foot building, which is situated within a Stater Bro.-anchored retail project under development. The newly built property operates on a 20-year, triple-net ground lease with 10 percent rental increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Evergreen Devco Inc., in the transaction. Dan Riley of CBRE …

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Village at Gateway
DevelopmentLeasingNewsTexas

StreetLevel Investments to Open First Tenants at Village at Gateway Mixed-Use Development in Metro Dallas

by Abby Cox

Forney, Texas — StreetLevel Investments has announced the opening of its first wave of tenants at Village at Gateway, a 152-acre, multi-phase mixed-use project located in Forney, roughly 20 miles east of Dallas. Situated within the 2,000-acre Gateway master-planned development, phase one will feature 750,000 square feet of retail, entertainment and restaurants. Target, Home Depot, H-E-B, BJ’s Wholesale Club, Five Below, Burlington, Ross Dress for Less, Rack Room Shoes, Pacific Dental, James Avery and Bath & Body Works are now open at the center. Additional retailers and restaurants that will …

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south-union-shopping-center
Grocery-anchoredInvestment salesNewsNorth Carolina

Morgan Co., Idlewood Capital Acquire Food Lion-Anchored Center in Concord, North Carolina, Plan Redevelopment 

by Abby Cox

Concord, N.C. — A joint venture between Idlewood Capital and Morgan Co. have acquired South Union Shopping Center, an 80,184-square-foot shopping center located in Concord, a northeast suburb of Charlotte. Food Lion anchors the center. Following the acquisition, the joint venture plans to complete a façade renovation and refresh of the property, which will include new storefronts, updated signage and new awnings and canopies. Designed by Little Diversified Architectural Consulting, renovations are expected to begin in the first quarter of 2027 and conclude in the summer. Food Lion will remain …

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Target_Perris
CaliforniaDevelopmentNews

Wood Investments Opens New Target at Former Regency Theatres Site in Perris, California

by Abby Cox

Perris, Calif. — Wood Investments Cos. has announced the opening of a new Target store at Plaza de Perris, a 300,000-square-foot retail center located in Perris. Wood Investments Cos. demolished the former Regency Theatres building to make way for the 149,655-square-foot store. Target officially opened on July 26. Additional tenants at the center include Burlington, Food 4 Less, Planet Fitness, Ross Dress for Less and Five Below.

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John Artope Florida retail demand
Content PartnersDevelopmentFeaturesFinanceFloridaIndustry ContentNet leaseRetailers

Growth-Minded Florida Drives Retail Expansion, Development, Investment

by Sarah Daniels

Florida’s focus on providing a friendly business and regulatory climate alongside its white sand beaches continues to fuel the state’s rising economic fortunes. Since 2022, Florida’s population has increased by more than one million, and job growth over the last five years has reached double digits in each of its five major markets, ranging from nearly 11 percent in Jacksonville to 18.3 percent in Orlando, reports SRS Real Estate Partners, a national commercial real estate advisory firm that has multiple offices throughout the state. Those dynamics are helping to drive …

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Providence-Place
Investment salesNewsRhode Island

Partnership Acquires Providence Place in Rhode Island for $133 Million

by Abby Cox

Providence, R.I. — Pyramid Management Group, along with Paolino Properties and DW Partners, have acquired Providence Place, a 1.4 million-square-foot regional retail center located in Providence, for $133 million. The 13.2-acre property has been in a court-ordered receivership for multiple years following a loan default by the previous owner, Brookfield Properties. Tenants at Providence Place include Dave & Buster’s, Abercrombie & Fitch, American Eagle, Aldo, Apple, Bath & Body Works, Brooks Brothers, Champs Sports, CycleBar, DSW, Five Below and Garage.

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Springnex Plaza
FinanceGrocery-anchoredNew YorkNews

Northmarq Arranges $32 Million in Financing for Grocery-Anchored Retail Property in Queens

by Abby Cox

New York City — Northmarq has arranged $32 million in financing for Springnex Plaza, a 96,028-square-foot retail property located in the southeast Queens neighborhood of Springfield Gardens. Stop & Shop anchors the center, which features a mix of additional tenants such as Ashley Stewart, IHOP and Northwell Health. Robert Delitsky and Charles Cotsalas of Northmarq secured the loan through Principal Financial Group on behalf of the borrower, Mattone Group Springnex LLC.

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Wynwood Jungle
FloridaInvestment salesNews

Newmark Negotiates $25 Million Sale of 38,945-Square-Foot Retail Property in Miami

by Abby Cox

Miami — Newmark has negotiated the $25 million sale of Wynwood Jungle, a 38,945-square-foot retail property located in Miami’s Wynwood Arts District. Completed in 2016, Wynwood Jungle was repositioned in 2023 with more than $1 million in capital improvements, such as upgrades to the common areas, façade enhancements, the addition of outdoor dining spaces and rooftop restaurant activation. Tenants at the center include The Salty, Sora, Sürinitea, Häagen-Dazs and 27 Club Coffee. Eric Williams, Conor Lalor, James Sharpe V and Andrei Larion of Newmark represented the seller in the transaction.

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east_coast_hwy_corona_del_mar_ca
CaliforniaInvestment salesNews

Coastal Commercial, Marcus & Millichap Arranges $13.7 Million Sale of Multi-Tenant Retail Property in Corona del Mar, California

by Abby Cox

Corona del Mar, Calif. — Coastal Commercial and Marcus & Millichap have arranged the $13.7 million sale of 2515 E. Coast Highway, a 13,883-square-foot, multi-tenant retail property located in the Southern California community of Corona del Mar. Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap facilitated the transaction. The buyer, which was a company doing business as Shops at CDM LLC led by local broker and investor Phil Berry, paid $700,000 above the initial asking price. Poole Properties, formerly John Pool Radio Properties, owned the center …

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