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Starbucks Coffee

Cathedral City, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $3.7 million sale of a newly constructed, single-tenant retail property located in Cathedral City, roughly seven miles southeast of Palm Springs. Situated within the Cathedral Cove Center, a 1,900-square-foot Starbucks Coffee occupies the building on a 10-year triple-net-lease with 10 percent rent increases every five years. Bill Asher and Jeff Lefko of Hanley represented the seller in the transaction. Alexander Moore of SRS Real Estate Partners represented the 1031 exchange buyer, a Roseville, California-based private investor.

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Los Angeles — Beverly Hills, California-based FAT Brands Inc., parent company of Fatburger and 17 other restaurant concepts, has signed a new development deal with existing franchisee Whole Factor Inc., to open 40 additional Fatburger locations across Florida over the next 10 years. Since 2021, the fast-casual hamburger chain has expanded into the Orlando and Tampa areas with a 14-unit development deal, opening the newest restaurant locations in Riverview and Celebration. FAT Brands currently owns and franchises more than 2,300 units worldwide.

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Civic Center Plaza

San Marcos, Calif. — Locally based Brixton Capital has acquired Civic Center Plaza, a 60,000-square-foot shopping center located in San Marcos, roughly 35 miles north of downtown San Diego. Originally developed in 2007 in conjunction with the city, the four-building center was 97 percent leased at the time of sale. Other tenants include LA Fitness, FedEx, Subway, Robek’s, PizzaNova and Ryan Bros Coffee. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller, the City of San Marcos, in the transaction, while Brixton internally represented the company in …

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Circle K convenience store

Cathedral City, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $4.2 million sale of a newly constructed, single-tenant retail property located in Cathedral City, approximately seven miles southeast of Palm Springs. A 3,700-square-foot Circle K convenience store occupies the building, which is situated within Cathedral Cove Center on a 20-year triple-net-lease with 10 percent rent increases every five years. Circle K is scheduled to open in fall 2025. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Newport Beach, California-based Fountainhead Development, in the …

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Coolwood Plaza

Valparaiso, Ind. — Marcus & Millichap has brokered the $12.4 million sale of Coolwood Plaza in Valparaiso. Anchored by a Strack & Van Til grocery store, the shopping center is home to 11 tenants and totals 104,234 square feet, according to CommercialCafe. The property is also home to a separately leased commissary space operated by Strack & Van Til that supports food preparation and distribution for 21 regional locations. Mitchell Kiven and Nicolas Kanich of Marcus & Millichap represented the seller, an entity affiliated with Chicago-based developer Weiss Entities LLC. …

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Plaza Colonial

Tucson, Ariz. — Gantry has secured a $16.7 million permanent loan to refinance Plaza Colonial, a mixed-use property located in Tucson. Situated at 2840-2890 East Skyline Drive and 6375 North Campbell Ave., Plaza Colonial comprises 83,869 square feet of retail and office space spread across four buildings. Patrick Barkley and Chad Metzger of Gantry represented the borrower, a private real estate investor. An institutional balance sheet lender provided the five-year, fixed-rate loan, which features full-term interest-only payments. Gantry will service the loan.

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Woodmont Village

Canton, Ga. — Matthews Real Estate Investment Services has negotiated the sale of Woodmont Village, an 85,639-square-foot shopping center located in Canton, approximately 40 miles north of Atlanta. Kroger anchors the center, which was 75 percent leased at the time of sale. Other tenants at the property include The UPS Store, Anytime Fitness, Pizza Hut, Ace Hardware, Advance Auto Parts, Fabricare Cleaners and Las Palmas Mexican restaurant. Kyle Stonis, Pierce Mayson and Boris Shilkrot brokered the transaction. Aubuchon Realty Co. was the buyer.

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The Shoppes at Toringdon

Charlotte, N.C. — Marcus & Millichap has brokered the $4.2 million sale of the Shoppes at Toringdon, an 8,008-square-foot retail strip center located within the Toringdon Circle mixed-use development in Charlotte’s Ballantyne neighborhood. Situated at 12194 Johnston Road, the property was fully leased to T-Mobile, MyEyeDr. and Trek Bicycle at the time of sale. Built in 2013, the center is situated on 1.4 acres. David Gant and Lori Schneider of Marcus & Millichap represented the seller in the transaction. Donald Gilchrist served as Marcus & Millichap’s broker of record in …

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7-Eleven

McAllen, Texas — Hanley Investment Group Real Estate Advisors has facilitated the sale of a 2,240-square-foot single-tenant retail property located in McAllen. A 7-Eleven convenience store occupies the site on a 12-year, absolute net lease with 10 percent rental increases every five years. Originally built in 1977, the property has operated as a convenience store for more than 47 years. Garrett Wood and Brad Dessy of Hanley, in association with ParaSell Inc., represented the seller, a New York-based investment company. Blake Wagenseller of Matthews Real Estate Investment Services represented the Northern …

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Plaza del Lago

Chicago — WS Development has signed leases with 13 new tenants at Plaza del Lago, a 100,000-square-foot shopping center located in the Chicago suburb of Wilmette. As part of its ongoing redevelopment project, the center’s tenant lineup will now feature a mix of local and national brands including Oscar de la Renta, Space 519, Cynthia Rowley, Hill House Home, James Perse, Jenni Kayne, La Vie Style House, LoveShackFancy, Peter Millar, Pilatesville, Rag & Bone, Studs and Veronica Beard. New tenant stores will begin opening this month. Originally opened in 1928, …

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