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eastland-promenade
Investment salesNewsNorth Carolina

Marcus & Millichap Brokers $6 Million Sale of Retail Strip Center in Charlotte, North Carolina

by Abby Cox

Charlotte, N.C. — Marcus & Millichap has brokered the $6 million sale of Eastland Promenade, a 26,615-square-foot retail strip center located in Charlotte. Built in 1988, the property features 10 retail suites and was fully occupied at the time of sale by a mix of local businesses, restaurants and service-oriented tenants. Eastland Promenade is situated adjacent to Eastland Yards, an 80-acre mixed-use project underway. Kyle Carpentier, Andrew Margulies and Harrison Creason of Marcus & Millichap marketed the property on behalf of the seller, a local family ownership group, and procured the …

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Clovis-CFA
CaliforniaInvestment salesNews

SRS Real Estate Negotiates $4.7 Million Ground-Lease Sale of Single-Tenant Restaurant Property Near Fresno, California

by Abby Cox

Clovis, Calif. — SRS Real Estate Partners has negotiated the $4.7 million ground-lease sale of a newly developed, single-tenant restaurant property located in Clovis, roughly eight miles west of Fresno. Chick-fil-A occupies the 4,847-square-foot building, which is situated near California State University, on a 15-year absolute triple-net lease. Alexander Moore of SRS Real Estate represented the seller, a San Franciso Bay Area-based investor, in the transaction. The buyer was a Central Valley-based private investor.

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watauga-village
Grocery-anchoredInvestment salesNewsNorth Carolina

Orion Buys Food Lion-Anchored Center in Northwestern North Carolina for $26 Million

by Abby Cox

Boone, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood center located in the northwestern North Carolina city of Boone. Food Lion anchors the property, which was fully leased at the time of sale. Additional tenants include Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café and Wingstop.   Orion currently owns or manages an additional 23 properties totaling 101,583 square feet throughout North Carolina, which are all single-tenant, triple-net properties. Watauga Village is the firm’s first shopping center acquisition in the state. Adam Russ, Erin Varol …

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Pacific View Mall
CaliforniaInvestment salesNews

PRCP, Conversant Purchase 884,000-Square-Foot Pacific View Mall in Southern California

by Abby Cox

Ventura, Calif. — A joint venture between Pacific Retail Capital Partners (PRCP) and Conversant Capital LLC has acquired Pacific View Mall, an 884,000-square-foot super-regional shopping center located in Ventura, about 30 miles northwest of Santa Barbara. Originally opened in 1964 and renovated in 2017, Pacific View Mall features a mix of more than 130 national retailers such as Target, Macy’s, JCPenney, Sephora, Ross Dress for Less, Victoria’s Secret, Trader Joe’s and 24 Hour Fitness. The two-story property also comprises an 11-option food-court and dining destination including Wood Ranch, Red Robin and …

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Pleasanton Gateway Shopping Center
CaliforniaGrocery-anchoredHawaiiInvestment salesNews

Sterling Organization Acquires Grocery-Anchored Retail Portfolio Totaling 277,057 Square Feet in California, Hawaii

by Abby Cox

Burlingame and Pleasanton, Calif. and Honolulu — West Palm Beach, Florida-based Sterling Organization has acquired three shopping centers totaling 277,057 square feet in California and Hawaii. The portfolio included Safeway Burlingame in Burlingame; Pleasanton Gateway Shopping Center in Pleasanton; and Kapahulu Shopping Center in Honolulu. Collectively, the properties were 99 percent leased at the time of sale and are each anchored by a Safeway grocery store. Safeway Burlingame totals 70,174 square feet. Alongside Safeway, additional tenants at the fully leased property include Union Bank, AT&T, StretchLab, Five Guys, Drybar and Great …

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RiverTown Crossings
LeasingMichiganNews

JLL Signs Leases with 11 Tenants at RiverTown Crossings in Metro Grand Rapids, Michigan

by Abby Cox

Grandville, Mich. — JLL has signed leases with 11 tenants at RiverTown Crossings, a 1.3 million-square-foot super-regional mall located in Grandville, roughly eight miles southwest of Grand Rapids. Totaling 33,208 square feet, the new businesses include Throw it Back Dirty Soda, Sweet Kisses Bakery, Addiour Perfume, Summit Comics and Games, Katie’s Heart & Home, Ventrora Perfume, Kako Claw, MooZoo Slime Shop, Cell Repair Xpert, JD Sports and Snack’d. The newest retailers are already open or will be opening this fall. RiverTown Crossings features more than 100 retailers and restaurants such …

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Investment salesNew YorkNews

Brixmor, Everview Agree to Acquire Slate Grocery REIT for $2.3 Billion, Including 115 Retail Properties

by Abby Cox

New York City — Two New York City-based firms, retail owner-operator Brixmor Property Group and Everview Partners, a private equity and investment management group, have entered into an agreement to acquire Toronto-based Slate Grocery REIT for approximately $2.3 billion. Under the terms of the transaction, Brixmor will acquire a portfolio of 23 grocery-anchored shopping centers totaling roughly 3 million square feet for $636 million. The newly formed joint venture between Brixmor and affiliates of Everview Partners will acquire Slate Grocery’s remaining 92 properties totaling approximately 12 million square feet for …

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Family-Dollar
IllinoisInvestment salesNews

JLL, GA Group Arrange $74.7 Million Sale-Leaseback of Family Dollar Retail Portfolio

by Abby Cox

Chicago — JLL Capital Markets and GA Group Real Estate have arranged the $74.7 million sale-leaseback of a 47-property Family Dollar retail portfolio across 19 states. This marks JLL’s second major Family Dollar portfolio closing in 2026, following a 46-property transaction earlier this year. Chicago-based JLL’s net lease team and GA Group Real Estate represented the seller, FD Retail Properties LLC, in the transaction. An institutional real estate investor was the buyer.

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Sprouts-Victorville
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Negotiates $9.3 Million Sale of Sprouts-Anchored Retail Property in Victorville, California

by Abby Cox

Victorville, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $9.3 million sale of a 44,388-square-foot retail property located in Victorville, approximately 35 miles north of San Bernardino. Sprouts Farmers Market anchors the property, which also includes a 21,000-square-foot junior box space available for lease. Built in 1989 and renovated in 2024, the property is situated within Village Center, a 350,000-square-foot community center. Village Center features a mix of tenants such as BioLife Plasma Services, Dollar Tree, Hobby Lobby, PetSmart, La-Z-Boy, Mattress Firm, Crunch Fitness and Get Air Trampoline …

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DevelopmentMassachusettsNewsRetailers

Toys “R” Us to Open 120 New Standalone Stores Across the Country

by Abby Cox

Braintree, Mass. — Toys “R” Us is opening 120 standalone stores across the country this holiday season, bringing its total U.S. footprint to 160 locations less than a decade after the chain shuttered its doors. The stores will cater heavily to adult collectors and teens, focusing on LEGO sets, trading cards and collectibles, alongside traditional children’s toys. One of the new stores will be located at South Shore Plaza, a 1.6 million-square-foot mall in Braintree, approximately 10 miles south of Boston. Simon Property Group owns the property, which features more than …

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