Clifton, N.J. — Five new tenants have signed leases to join The Promenade Shops at Clifton, a 160,000-square-foot shopping center located in Clifton, roughly 10 miles west of New York City. Sephora, J. Alexander’s, Paris Baguette and VIO Med Spa have already opened at the property, with Ann Taylor scheduled to open a factory outlet at the center in October 2025. Additionally, four existing tenants at the center — Chicos, LA Fitness, PNC Bank and CityMD — have extended their leases. The shopping center — which opened in 2008 — …
Melbourne, Fla. — CrownPoint Partners has brokered the $7.4 million sale of a newly constructed, 22,686-square-foot single-tenant retail property in Melbourne. Tractor Supply Co. occupies the building — which was built in 2022 — and features an expanded lawn and garden center, as well as an on-site pet wash station. The property is net leased, with more than 13 years remaining on the corporate-guaranteed lease. Julius Swolsky and Shannon Bona of CrownPoint Partners represented both the seller, developer Primax Properties LLC, and the buyer, Nice Realty South LLC, in the …
Silver Spring, Md. and Fairfax, Va. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $17 million loan for the refinancing of a nine-property retail portfolio located in Silver Spring, Maryland, and Fairfax, Virginia. The properties — which total roughly 71,000 square feet — include multi-tenant retail strip centers, single-tenant retail properties and single-tenant restaurants. Jared Cassidy of MMCC’s Washington, D.C. office secured the five-year loan through a local bank. The financing carries a 12-month adjustable rate, 25-year amortization schedule and a 55 percent loan-to-value ratio.
Burlington, N.J. — Cronheim Mortgage has facilitated a $31 million financing for Liberty Square Center, a 358,000-square-foot shopping center located in the Philadelphia suburb of Burlington. An affiliate of National Realty and Development Corp. is the borrower. The 10-year loan features a 30-year amortization period and a step-down prepayment structure. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim secured the financing through a life insurance company on behalf of the borrower. Liberty Square Center is anchored by a Walmart Supercenter. Additional tenants at the property, which was 99.5 percent …
Scottsdale, Ariz. — Vestar has signed leases with 10 new tenants at The Promenade Scottsdale, a 1-million-square-foot retail center located in the Phoenix suburb of Scottsdale. Retail and restaurant concepts including Fan Outfitters, J. Crew, Pvolve and Kura Sushi are now open at the center. IKEA, Sugar Sugar, The Wallpaper Co., DXL and Pella Windows are also scheduled to open at the center before the end of the year. Additionally, existing tenant Cox has expanded its space at the property to occupy an additional 3,852 square feet. Vestar manages the …
Douglasville, Ga. — TSCG has brokered the sale of Douglasville Day Centre, a 25,300-square-foot shopping center located in the Atlanta suburb of Douglasville. The center — which was originally built in 2005 — was fully leased at the time of sale. Tenants at the property include Starbucks Coffee, Verizon Wireless, Orangetheory Fitness, Tropical Smoothie Café and Shane’s Rib Shack. The center also features four separate outparcels — McDonald’s, Panda Express, Texas Roadhouse and Carrabba’s Italian Grill — that were not included in the sale. Anthony Blanco, Mallory Silva and Serge …
McDonough, Ga. — Halpern Enterprises has completed a 6,486-square-foot, multi-tenant retail strip center located in the southern Atlanta suburb of McDonough. The three-tenant property is part of the 20-acre North McDonough Village mixed-use development. The property includes a 2,486-square-foot Starbucks Coffee with a drive-thru and a 2,000-square-foot dental office, with the remaining 2,000 square feet available for lease. The Starbucks recently opened with a 10-year lease. Brad Oppenheimer led the project on behalf of Halpern Enterprises and secured the lease with Starbucks. Palmer Bayless of Emerge Real Estate Services represented …
Henderson, N.C. — Henderson, North Carolina-based Variety Wholesalers has announced the first wave of reopenings for its newly obtained Big Lots locations. After Ohio-based Big Lots filed for Chapter 11 bankruptcy protection in September 2024, Variety Wholesalers acquired 219 Big Lots stores. Beginning April 10, nine stores will reopen across six states including Kentucky, Louisiana, Mississippi, North Carolina, Tennessee and Virginia. The remodeled stores will feature a selection of closeout deals, new merchandise categories, apparel and electronics. Variety Wholesalers will reopen the remaining acquired locations in subsequent waves. Approximately 55 …
Plano, Texas — JLL Capital Markets has facilitated the sale of Independence Square, a 140,218-square-foot retail property located in Plano. Situated on 13.8 acres, the center was built in 1977 and renovated in 2005. The property — which was 93 percent leased at the time of sale — is anchored by Tom Thumb. Additional tenants at the center include Anytime Fitness, Oscar Nail Lounge, Kids B Kids and Jersey Mike’s. Chris Gerard, Erin Lazarus, Barry Brown and Adam Howells of JLL Capital Markets Investment Sales and Advisory team represented the …
Wareham, Mass. — Horvath & Tremblay have arranged the $6.8 million sale of Wareham Marketplace, a two-center retail property located in Wareham, roughly 45 miles east of Providence. Aldi anchors a 29,910-square-foot strip center that includes tenants Dollar Tree and Kadrmas Eye Care of New England. An additional 5,337-square-foot strip includes tenants UPS, Jersey Mike’s, Mimi’s Nails and Glow Tanning. The center also features three freestanding retailers — AutoZone, Wendy’s and Mattress Firm — that were not included in the transaction. Bob Horvath and Todd Tremblay represented the seller and …