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Buckeye-Commons_Buckeye-Ariz

Buckeye, Ariz. — Sunbelt Investment Holdings (SIHI) has broken ground on Buckeye Commons, a 410,000-square-foot retail center in Buckeye, a suburb west of Phoenix. Butler Design Group designed the project, with CHASSE Building Team serving as the general contractor. Tenants at the property will include Over Easy, Starbucks Coffee, Jimmy John’s, The Joint Chiropractic, State Farm and DIP Nail Bar, in addition to a 160,938-square-foot Costco that opened in July 2023. Store openings are scheduled to begin in mid-2025. Greg Laing, Zach Pace and Teale Bloom of Phoenix Commercial Advisors handle …

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Troy, N.Y. — Marcus & Millichap has brokered the $18 million sale of Hudson River Commons, a 129,059-square-foot shopping center located in Troy. Big Lots anchors the property, which is situated on a 12.2-acre site. Other tenants at the center, which was 97 percent leased at the time of sale, include Friendly’s, Sonic, Subway, Starbucks Coffee, Family Dollar and Saratoga National Bank. Joseph French and Kodi Traver represented the seller and procured the buyer in the transaction. 

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Slim-Chickens

Fayetteville, Ark. — Fast-casual brand Slim Chickens has signed a franchise deal for the development of 25 new restaurants in Virginia. Mid-Atlantic Restaurant Group (MARG) will own and operate the units. MARG’s existing franchise portfolio in the state includes Subway, Tropical Smoothie, Dunkin’ Donuts and Fuzzy’s Taco Shop restaurants. The first new Slim Chickens is scheduled to open this year. 

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Martintown-Plaza_North-Augusta-S.C

North Augusta, S.C. — Matthews Real Estate Investment Services has arranged the sale of Martintown Plaza, a 143,716-square-foot retail center located in North Augusta. Belk, Planet Fitness and Goodwill anchor the property, which was built in 1975 and renovated in 2012. Kyle Stonis, Pierce Mayson, Jeff Enck and Boris Shilkrot of Matthews represented the undisclosed seller in the transaction. 

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Sanford, Fla. — CTO Realty Growth has acquired Marketplace at Seminole Towne Center, a 318,000-square-foot retail center located in Sanford, approximately 25 miles outside Orlando. An undisclosed seller sold the center for $68.7 million. Situated on 41 acres, the property was 98 percent leased at the time of sale. Burlington, Marshalls, World Market, Petco, Ross Dress for Less, Old Navy, Ulta Beauty and Five Below anchor the center. 

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Shell_Seattle

Seattle — Marcus & Millichap has arranged the $3.2 million sale of a gas station property located in the Ballard neighborhood of Seattle. Shell occupies the property on a net-lease basis. Hank Wolfer of Marcus & Millichap’s Seattle office represented the undisclosed seller in the deal.

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Salad-and-Go_Edmond-Okla

Edmond, Okla. — Hanley Investment Group Real Estate Advisors has facilitated the $1.7 million sale of a single-tenant property located in Edmond, roughly 15 miles outside Oklahoma City. Salad and Go Drive-Thru occupies the 858-square-foot building, which is an outparcel to a Lowe’s. Jeff Lefko and Bill Asher of Hanley represented the seller, in association with Alex Apter of Location Commercial Real Estate and ParaSell Inc. Eric Fleske of Fleske Commercial Group represented the buyer, a private investor. 

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Oak-Forest-Commons_Oak-Forest-Ill

Oak Forest, Ill. — Mid-America Real Estate Corp. has arranged the sale of Oak Forest Commons, a 115,754-square-foot shopping center located in the Chicago suburb of Oak Forest. Rick Drogosz, Ben Wineman and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors, in the transaction. First Tek acquired the center for an undisclosed price. The property was managed by Pine Tree on behalf of the seller. 

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