News

Shadow Lake Towne Center
Investment salesNebraskaNews

DLC, DRA Advisors Acquires Shadow Lake Towne Center Near Omaha, Nebraska, for $95 Million

by Abby Cox

Papillion, Neb. — A joint venture between DLC Management Corp. and DRA Advisors has acquired Shadow Lake Towne Center, a 640,327-square-foot regional shopping center located in Papillion, a southern suburb of Omaha. Shadow Lake Towne Center spans 83.5 acres and was 89 percent occupied at the time of sale. Tenants include Dick’s Sporting Goods, JCPenney, T.J. Maxx, Burlington, HomeGoods, Michaels and Ross Dress for Less, as well as a Hy-Vee grocery store, which was not included in the sale. Brian Page and Michael Nieder of JLL Capital Markets represented the seller, …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Town Center at Levis Commons
Investment salesNewsOhio

Tanger Acquires The Town Center at Levis Commons in Perrysburg, Ohio, for $60 Million

by Abby Cox

Perrysburg, Ohio — Greensboro, North Carolina-based Tanger has acquired The Town Center at Levis Commons, a 300,000-square-foot mixed-use development located in Perrysburg, roughly 10 miles south of Toledo, for $60 million. Charlotte, North Carolina-based developer and owner Hill Partners, which has managed, leased and owned Levis Commons since its opening in 2004, was the seller. Situated at the entrance of J. Preston Levis Commons, a 400-acre master-planned community, The Town Center at Levis Commons features more than 60 retailers and restaurants, a Cinemark movie theater and 69,000 square feet of office space.  Tenants …

Continue Reading
0 FacebookTwitterLinkedinEmail
Shops-at-Romeoville
IllinoisInvestment salesNews

United Properties Acquires Two Chicagoland Shopping Centers for $22.6 Million

by Abby Cox

Chicago and Romeoville, Ill. — United Properties Corp. has acquired Bishop Plaza, a 76,000-square-foot retail center in Chicago, for $11.5 million. The company also purchased the Shops at Romeoville, an 82,687-square-foot shopping center along the South Weber Road corridor in Romeoville, for $11.1 million. The Shops at Romeoville is home to tenants such as T.J. Maxx, Ross Dress for Less, Petco and Five Below. Based in East Meadow, New York, United Properties owns and operates shopping centers across 22 states.

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNews

SRS Real Estate Brokers $11.1 Million Sale of Retail Property in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — SRS Real Estate Partners has arranged the $11.1 million sale of Shops at Race Track, a nearly 17,000-square-foot retail center located at 4560 Race Track Road in Jacksonville. Situated on 2.4 acres within the Durbin Park master-planned community, the property was fully leased at the time of sale to six tenants including Heartland Dental, Dep Nails and Avecina Medical. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate development and investment firm, in the transaction. Sean McGill of Cantrell & Morgan represented …

Continue Reading
0 FacebookTwitterLinkedinEmail
FloridaInvestment salesNews

Second Horizon Capital Purchases 710,000-Square-Foot Retail Center in Melbourne, Florida

by Abby Cox

Melbourne, Fla. — Second Horizon Capital has acquired Melbourne Square, a 710,000-square-foot retail center in Melbourne, a city on Florida’s Space Coast. A joint venture between Neuberger Berman and Cross Ocean Partners arranged the sale. According to the Orlando Business Journal, the shopping center sold for $56.3 million on March 2. Second Horizon Capital has implemented a capital improvement program, which will comprise supporting community engagement, center operations, building upgrades and expanding programming and partnerships with local organizations and businesses. CBRE will handle leasing and property management at the center. …

Continue Reading
0 FacebookTwitterLinkedinEmail
point-hope-commons
CaliforniaFloridaGrocery-anchoredNewsTexasVirginia

Bain Capital, 11North Acquire Five Open-Air Retail Centers Across Four States for $300 Million

by Abby Cox

California, Virginia, Florida and Texas — A joint venture between Bain Capital and 11North Partners has acquired five open-air retail centers for approximately $300 million. The properties total roughly 757,000 square feet and are located in Carlsbad, California; Falls Church, Virginia; Altamonte Springs, Florida; and Sugar Land, Texas. The seller was not disclosed. Anchor tenants of the portfolio include Harris Teeter, Trader Joe’s, Walmart, Costco and Equinox, with sales from those anchor stores exceeding $900 per square foot. The portfolio, which was more than 93 percent occupied at the time …

Continue Reading
0 FacebookTwitterLinkedinEmail
Museum-Parc
CaliforniaInvestment salesMixed-useNews

Bridgeton Sells Retail, Office Component of Museum Parc in San Francisco for $19.3 Million

by Abby Cox

San Francisco — Bridgeton has sold the 36,000-square-foot retail and office component of Museum Parc, a mixed-use property located in San Francisco’s SoMa neighborhood. Built in 1989, Museum Parc features 234 luxury condominiums with ground-floor retail and office space. Tenants at the property, which was fully leased at the time of sale, include Crunch Fitness, El Dorado Latin Fusion, Aquabyte and TowerWAV. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL represented the seller in the transaction. DPI Retail was the buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
Chipotle-Rep-Photo
CaliforniaInvestment salesNews

SRS Real Estate Negotiates $4.4 Million Sale of Single-Tenant Restaurant Property in Southern California

by Abby Cox

Palmdale, Calif. — SRS Real Estate has negotiated the $4.4 million sale of a single-tenant restaurant property located in the Southern California city of Palmdale. Chipotle will occupy the 2,325-square-foot building on a 15-year absolute triple-net corporate guaranteed lease. The newly constructed property is expected to open on June 4. Calvin Short and Jeff Christian of First Street Inc. represented the seller, Phoenix-based First Street Development, in the transaction. The buyer was a Los Angeles-based private 1031 exchange investor.

Continue Reading
0 FacebookTwitterLinkedinEmail
prairie-plaza
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 17,107-Square-Foot Long Prairie Plaza in Metro Fort Worth, Texas

by Abby Cox

Flower Mound, Texas — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail center located in Flower Mound, roughly 25 miles northeast of Fort Worth. The center comprises two adjacent multi-tenant buildings constructed in 2022. Tenants at the property, which was fully leased at the time of sale, include Active Dental, TeaCupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelene Head Spa, Degree Wellness and Donatos Pizza. Philip Levy and Chris Gainey of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, a Florida-based private capital investor, in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNewsTexas

Whitestone Signs Leases with Three New Tenants at Shops at Starwood in Frisco, Texas

by Abby Cox

Frisco, Texas — Whitestone REIT has signed leases with three new tenants at the Shops at Starwood, a 90,667-square-foot retail center located near the Dallas Cowboys headquarters in Frisco. Stackz Smashburgers & Cocktails will open by the end of spring, while 33 Peaks Café and Mr. Winston’s Barbershop will debut this summer. The new tenants total nearly 6,000 square feet. Additional retailers and restaurants at the Shops at Starwood include Chip City Cookies, TruFire Kitchen + Bar, Bottled in Bond Cocktail Parlour & Kitchen, Tupy’s Mexican Restaurant, J. Theodore’s, Paper Affair …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts