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Company newsGeorgiaNewsWashington DC

The Shopping Center Group Acquires Rosenthal Properties

by Hayden Spiess

Atlanta —The Shopping Center Group (TSCG) has acquired Rosenthal Properties. Founded in 1999, Rosenthal Properties includes 65 people overseeing more than 100 commercial properties and manages more than 7 million square feet of retail space. “We’ve grown our company strategically through a combination of organic growth and acquisition of market leading firms in territories that complement our existing strengths…and we’re thrilled to have the Rosenthal team join us.” TSCG now operates more than 21 regional offices with more than 300 associates. 

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Investment salesLouisianaNews

SRSA Arranges Sale of 228,000-Square-Foot Shopping Center in New Orleans

by Hayden Spiess

New Orleans — SRSA Commercial Real Estate has arranged the sale of Algiers Plaza, a 228,000-square-foot shopping center located in New Orleans. Tenants at the property include Winn-Dixie, Walgreens, Ross Dress for Less, T.J. Maxx, Petco, Five Below and Chick-fil-A. Steve Reisig, Kirsten Early and Christopher Robertson Jr. of SRSA, along with Scott DeYoung and Jeff Conover of Faris Lee Investments, represented the seller, N3 Real Estate, in the transaction. 

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Investment salesNewsTexas

Blue Ox Group Brokers Sale of Four-Tenant Retail Center in Houston

by Hayden Spiess

Houston — The Blue Ox Group has brokered the sale of Centre at Oak Park, a four-tenant retail center located in Houston. Tenants at the property include Jimmy Johns and Smart Financial Credit Union. Burdette Huffman of Blue Ox represented the seller in the transaction, and Gigi Wenjie Wang of The Sunet Group represented the buyer. 

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Grocery-anchoredInvestment salesNewsTexas

Edens, CBRE Investment Management Buy 425,612-Square-Foot Retail Center in Irving, Texas

by Hayden Spiess

Irving, Texas — A joint venture between Edens and CBRE Investment Management has purchased MacArthur Park, a 425,612-square-foot retail center in Irving. Target, Kroger, Office Depot, T.J. Maxx, Michaels, Ross Dress for Less and Ulta Beauty are anchor tenants at the center, which was built in 2001. 

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Investment salesNew HampshireNews

Morgan Stanley Sells 250,000-Square-Foot Mall at Fox Run in New Hampshire 

by Hayden Spiess

Newington, N.H. — Morgan Stanley has sold Mall at Fox Run, a 250,000-square-foot mall located in Newington, to Torrington Properties. Tenants at the property include Seacoast Cars & Coffee, Aeropostale, American Eagle, Bath & Body Works, H&M, LOFT, Men’s Wearhouse and Yankee Candle. The buyer previously completed the $11.5 million purchase of a 130,400-square-foot vacant former Sears store at the property in October 2022 and has plans to transform the mall into a mixed-use development. 

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Investment salesNewsPennsylvania

JLL Brokers $23.1 Million Sale of Shopping Center in Metro Philadelphia

by Hayden Spiess

East Norriton, Pa. — JLL Capital Markets has brokered the $23.1 million sale of Dekalb Plaza, a 178,356-square-foot shopping center located in East Norriton, roughly 22 miles outside Philadelphia. Urban Air and Big Lots anchor the property, which was 98 percent occupied at the time of sale. Other tenants at the center include Goodwill, Chick-fil-A, Applebee’s, Sally Beauty and Celebree School. Christopher Munley, James Galbally, Colin Behr and James Graf of JLL represented the seller, Broad Street Realty, in the transaction. Abrams Realty & Development acquired the property.  

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CaliforniaFinanceInvestment salesNews

Marcus & Millichap Arranges $7.5 Million Acquisition Financing for Single-Tenant Property in Oxnard, California

by Hayden Spiess

Oxnard, Calif. — Marcus & Millichap Capital Corp. has arranged a $7.5 million loan for the acquisition of a 37,500-square-foot single-tenant retail property located in Oxnard. Esporta Fitness occupies the building, which was constructed in 1970 and renovated in 2017. Ron Balys secured the financing on behalf of the buyer. 

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IllinoisLeasingNews

Three Tenants Join Deer Park Town Center in Metro Chicago

by Hayden Spiess

Deer Park, Ill. — Three new tenants have joined Deer Park Town Center, a shopping center located approximately 35 miles outside Chicago in Deer Park. Sweetgreen has opened a 2,156-square-foot restaurant and Victoria’s Secret has signed a 4,965-square-foot lease at the property. The Shade Store will also open at the center in spring 2024. 

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CaliforniaDevelopmentFinanceMixed-useNews

Kilroy Realty Obtains $375 Million Loan for One Paseo Mixed-Use Campus in San Diego

by Hayden Spiess

San Diego — Kilroy Realty Corp. (NYSE: KRC), an office, mixed-use and life sciences REIT based in Los Angeles, has obtained a $375 million loan for a portion of One Paseo, a mixed-use campus in San Diego. New York Life Insurance Co. provided the 11-year, non-recourse loan, which features a fixed 5.9 percent interest rate. The loan matures in August 2034. The 36-acre property is situated between the city’s Carmel Valley neighborhood and Del Mar, as well as near I-5 and State Route 56. One Paseo is home to tenants including …

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