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ArizonaInvestment salesNews

Marcus & Millichap Brokers $9.7 Million Sale-Leasebacks of Two Car Wash Properties in Arizona

by Abby Cox

Tucson and Glendale, Ariz. — Marcus & Millichap has negotiated the sales of two single-tenant Super Star Car Wash properties in Tucson and Glendale for a combined $9.7 million. Super Star Car Wash sold the assets to two separate buyers. The Tucson property, located at 8690 E. Golf Links Road, sold for $4.7 million. Built in 2024, the 4,226-square-foot car wash sits on approximately 1.2 acres. The Glendale property, located at 5131 W. Olive Ave., sold for $5 million. Completed in 2025, the 4,620-square-foot asset occupies approximately 1.1 acres. Founded in …

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Eastview-Commons-Terre-Haute
IndianaInvestment salesNews

Hanley Investment Group Arranges $5.3 Million Sale of Western Indiana Retail Center

by Abby Cox

Terre Haute, Ind. — Hanley Investment Group Real Estate Advisors has arranged the $5.3 million sale of Eastview Commons, a newly constructed, 9,140-square-foot retail property in Terre Haute, about five miles east of the Illinois border. Dylan Mallory of Hanley, in association with ParaSell Inc., represented the seller, Terre Haute-based Gibson Development. The buyer was a private investor based in Pennsylvania. Built in 2025, Eastview Commons is fully occupied and anchored by Chipotle. Additional tenants include Azzip Pizza, Route 46 Liquors and Nailvana. The four-tenant retail property is positioned as …

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Tomball_Merchantile_Rendering
Investment salesNewsTexas

Partnership to Develop 15,225-Square-Foot Tomball Mercantile Retail Center in Metro Houston

by Abby Cox

Tomball, Texas — A partnership between Baker Katz and Fox & Graham is developing Tomball Mercantile, a 15,225-square-foot retail center located in Tomball, approximately 30 miles northwest of downtown Houston. Construction is expected to begin this summer. Confirmed tenants at Tomball Mercantile, which is already 80 percent preleased, include Tex-Mex concept La Viva Cantina and Jason’s Deli. The center will be situated at the entrance of the 150-acre Tomball Medical Complex.

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AlabamaInvestment salesKentuckyMichiganNewsNorth CarolinaTennesseeVirginia

ARCTRUST Purchases Seven-Property Net Lease Portfolio in Six States

by Abby Cox

New York — ARCTRUST Private Capital, the capital markets division of the ARCTRUST Group of Cos., has acquired a seven-property, single-tenant net lease portfolio in six states including North Carolina, Alabama, Kentucky, Michigan, Tennessee and Virginia. The portfolio, which spans approximately 51,192 square feet, comprises two Pinnacle Bank locations, three CVS Pharmacy locations and two NAPA Auto Parts. The portfolio features a 13.6 weighted average lease term, with contractual rent increases and renewal options across all properties. Each property operates on an absolute triple-net lease basis. The two Pinnacle Bank …

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The-Beacon
CaliforniaInvestment salesNews

JLL Arranges $91.3 Million Sale of 122,167-Square-Foot Neighborhood Center in Southern California

by Abby Cox

Carlsbad, Calif. — JLL Capital Markets has arranged the $91.3 million sale of The Beacon, a 122,167-square-foot neighborhood center located in Carlsbad, roughly 35 miles north of San Diego. The Beacon, which comprises 15.2 acres, was originally built in 1982 and renovated from 2020 to 2023. Luxury fitness brand Equinox anchors the center, which features a mix of additional tenants such as Arhaus, Sweetgreen, Shake Shack, Jeni’s Ice Cream, Pitfire Pizza and Lofty Coffee Co. Geoff Tranchina, Gleb Lvovich and Daniel Tyner of JLL represented the seller, Asana Partners. The buyer was …

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FloridaGrocery-anchoredInvestment salesNews

Colliers Negotiates $25 Million Sale of Grocery-Anchored Retail Center in Orlando

by Abby Cox

Orlando, Fla. — Colliers has negotiated the sale of West Colonial Oaks, a 161,333-square-foot, grocery-anchored retail center located at the intersection of West Colonial Drive and Hiawassee Road in Orlando. A Dallas-based family office purchased the property for $25 million. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Newport Capital Partners, in the transaction. West Colonial Oaks, which was 95 percent leased at the time of sale, features a mix of tenants including SuperFresh Market, Ollie’s Bargain Outlet, Family Dollar and Crazy Buffet. In November 2025, Japanese-inspired lifestyle and …

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Grocery-anchoredIndianaInvestment salesNews

Encore Real Estate Brokers $13.8 Million Sale of 382,139-Square-Foot Power Center in Northern Indiana

by Abby Cox

Mishawaka, Ind. — Encore Real Estate Investment Services has brokered the $13.8 million sale of Town & Country Shopping Center, a 382,139-square-foot power center situated on 40 acres in Mishawaka, just 10 miles south of the Michigan border. The grocery-anchored property is home to a mix of national, regional and local tenants such as Dollar Tree, Harbor Freight Tools, Kroger, Chuck E. Cheese, Mishawaka Furniture, Popeyes, Firestone and Rent-A-Center, according to LoopNet Inc. Noah Dalaly and Danny Samona of Encore represented the buyer, a California-based investment firm, and the seller, a …

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St-Petersburg-retail-property
FloridaInvestment salesNews

Granite Capital Acquires 97,502-Square-Foot Retail Property in St. Petersburg, Florida, for $7.8 Million

by Abby Cox

St. Petersburg, Fla. — Granite Capital has acquired 4501 66th Street North, a 97,502-square-foot, two-tenant retail property located in St. Petersburg, for $7.8 million. Daniel Solomon and Jon Cashion of Katz & Associates represented the seller, Fuqua Development, in the transaction. The newly remodeled center, which is shadow anchored by Sprouts Farmers Market, is fully occupied by Five Below and At Home.

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gibson-mill
Investment salesMixed-useNewsNorth Carolina

Partnership to Recapitalize Gibson Mill Adaptive Reuse Development in Concord, North Carolina

by Abby Cox

Concord, N.C. — A partnership between Charlotte-based real estate investment firm White Point and the Liles family have announced plans to recapitalize Gibson Mill, a 653,000-square-foot adaptive reuse development located in Concord, a northeast suburb of Charlotte. White Point acquired a significant stake in the property, buying out former co-owners Joe Liles and Tom Cotter, who purchased the former Cannon Mills property in 2004. George Liles will remain part of the new ownership group, along with his four sons. Established in 1899, Gibson Mill sits on 33 acres and includes a …

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Northpoint Shopping Center
Investment salesNewsWisconsin

Hastings Properties LLC Acquires Northpoint Shopping Center in Central Wisconsin for $8.2 Million

by Abby Cox

Stevens Point, Wis. — Hastings Properties LLC has acquired Northpoint Shopping Center, a 62,956-square-foot retail property located in the central Wisconsin city of Stevens Point, for $8.2 million. Built in 1968, Northpoint Shopping Center was fully leased at the time of sale to 11 tenants including Dollar Tree, Anytime Fitness, U.S. Cellular and Firehouse Subs. The property is situated on 4.2 acres near the University of Wisconsin-Stevens Point. Dan Bowar of Marcus & Millichap procured the buyer in the transaction.

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