Port Hueneme, Calif. — JLL Capital Markets has arranged a $29.5 million bridge loan for Oliveira Plaza, a 116,035-square-foot neighborhood retail center located in the Ventura County community of Port Hueneme. The three-year loan will be used to finance a new Sprouts Farmers Market at the property. Greg Brown, Spencer Seibring and Nick Englhard of JLL’s Debt Advisory team secured the loan with a debt fund on behalf of the borrower, Align REI. Originally built in 1975 on 9.3 acres, Oliveira Plaza is 80 percent leased to a mix of …
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Rockwall, Texas — Westwood Financial has acquired the Shops at Stone Creek, an 80,599-square-foot retail center located in Rockwall, approximately 23 miles east of Dallas. A 59,313-square-foot Tom Thumb grocery store anchors the property, which was fully leased at the time of sale. Other tenants include Care Now, Great Clips, Subway and The UPS Store. The property also contains five pad sites that are occupied by Tom Thumb, the Tom Thumb fuel station, Salad and Go, McDonald’s and HTeaO. Barry Brown and Adam Howell of JLL’s Investment Sales and Advisory team …
Marcus & Millichap Brokers $3.6 Million Sale of Two-Property Retail Portfolio in Bowling Green, Kentucky
Bowling Green, Ky. — Marcus & Millichap has brokered the $3.6 million sale of a two-property Dollar General portfolio in Bowling Green. Each retail property occupies 10,640 square feet on a 15-year corporate guaranteed lease with Dollar General Corp. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller, a Kentucky-based developer. Grant Fitzgerald was Marcus & Millichap’s broker of record in Kentucky.
Peoria, Ill. — Peoria, Illinois-based Cullinan Properties has appointed Maria Toliopoulos as chief strategy officer. Toliopoulos is an industry veteran with more than 20 years of leadership experience in real estate strategy, leasing and legal counsel. In her new role, she will be responsible for expanding Cullinan’s footprint while advancing the company’s growth initiatives. Toliopoulos joined Cullinan after most recently leading her own consulting firm, The Hyperion Group. Prior to that, she served as senior vice president of real estate at Ashley Global Retail and spent a decade at Retail Properties …
Terrell, Texas — BWE has arranged $36 million in refinancing for Crossroads at Terrell, a 260,877-square-foot power center located in Terrell, roughly 32 miles east of Dallas. Completed between 2022 and 2024 on nearly 30 acres, the center is anchored by Hobby Lobby and Academy Sports + Outdoors. Other tenants include Burke’s Outlet, Marshalls, Petco, Ulta Beauty and Rack Room Shoes. Matt Good of BWE’s Greenville, South Carolina, office originated the fixed-rate loan from a life insurance company lender on behalf of the borrower, a national retail developer.
Amherst, N.Y. — WS Development has signed leases with 12 new tenants at Station 12, an open-air shopping center under development in the Buffalo suburb of Amherst. The mix of retailers and restaurants expected to open in 2026 include Williams Sonoma, Pottery Barn, Anthropologie, Alo Yoga, Solidcore, EVEREVE, Just Salad, gorjana, FP Movement, Rowan, Free People and Oola Bowls. Whole Foods Market will anchor the property. Additionally, construction will begin later this month on Station 12’s next phase, a 10,000-square-foot community green space. Further details of the development and construction timelines …
Pittsburgh — Pittsburgh-based DICK’S Sporting Goods has completed its $2.4 billion acquisition of Foot Locker. With the merger, DICK’S will now operate more than 3,200 stores across 20 countries, while maintaining Foot Locker’s portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos. The transaction is expected to generate $100 million to $125 million in cost synergies and become earnings per share accretive in the company’s 2026 fiscal year. Goldman Sachs served as financial advisor to DICK’S for this transaction, and Wachtell, Lipton, Rosen & Katz served as DICK’S …
Davenport, Iowa — Macerich and CBRE have formed a leasing partnership for NorthPark Mall, an 855,000-square-foot regional mall located in Davenport. Riley Hogan of CBRE is the local lead CBRE representative and will oversee marketing and leasing strategies for the property. Dillard’s, JCPenney and Von Maur anchor NorthPark Mall, which features a mix of additional tenants including H&M, Windsor, Dry Goods, Barnes & Noble, Olive Garden, R&C Brazilian Steakhouse, Osaka Sushi Bar and Chick-fil-A.
Duluth, Ga. — The Urban Redevelopment Agency of Gwinnett County has approved the purchase of a former Sears department store at Gwinnett Place Mall, a struggling regional mall situated along Pleasant Hill Road near Interstate 85 in metro Atlanta. Northwood Ravin will sell the 11.5-acre site to the county for $11.5 million, the same price the Charlotte-based multifamily developer paid for the property in 2018. With the Sears acquisition, Gwinnett County now owns a combined 87.5 acres at Gwinnett Place Mall. Plans for the mall redevelopment include a mixed-use destination …
Signal Hill, Calif. — Marcus & Millichap has arranged the $6.2 million sale of the Signal Hill Gateway Center, a four-tenant retail pad located in Signal Hill, just north of Long Beach. Tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Dollar Tree, Chipotle Mexican Grill, Milano Nail Lounge and a Bank of America ATM. Built in 2015 on 1.2 acres, the retail pad comprises 6,535 square feet of gross leasable space. Sheila Alimadadian of Marcus & Millichap represented the seller, Khouraki Corp. …