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Sun Garden Retail Center
CaliforniaInvestment salesNews

Slatt Capital Facilitates $19.7 Million Refinancing for Sun Garden Retail Center in San Jose, California

by Abby Cox

San Jose, Calif. — Slatt Capital has facilitated a $19.7 million loan for the refinance of Sun Garden Retail Center, a 107,899-square-foot retail property located in San Jose. Slatt Capital secured the fixed-rate 12-year loan through a life insurance company on behalf of the borrower. Walmart anchors Sun Garden Retail Center, which occupies the former site of the Sun Garden Packing Co., a legacy cannery connected to San Jose’s agricultural roots. Other tenants at the property include Big 5 Sporting Goods, Chipotle Mexican Grill, Starbucks Coffee, Chevron and Jack in …

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Fig Garden Village
CaliforniaInvestment salesNews

CenterCal, DRA Advisors Acquire Fig Garden Village in Fresno, California

by Abby Cox

Fresno, Calif. — A partnership between CenterCal Properties and DRA Advisors has acquired Fig Garden Village, a 300,000-square-foot lifestyle center located in Fresno. Originally developed in 1956 as part of the historic Fig Garden residential area, the center serves as a retail anchor for the broader Central California market. Tenants at the property include Pottery Barn, Williams Sonoma, Banana Republic, lululemon, Whole Foods Market, Anthropologie, Madewell and Paper Source. The center was previously owned by Brookfield Properties.

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Carmel Village
Investment salesNewsNorth Carolina

Cushman & Wakefield Arranges $19.9 Million Sale of Carmel Village in Charlotte, North Carolina

by Abby Cox

Charlotte, N.C. — Cushman & Wakefield has arranged the $19.9 million sale of Carmel Village, a 53,615-square-foot retail center located in Charlotte. The center — which was 91 percent leased at the time of sale — features a mix of tenants including Bonefish Grill, Mathnasium, Eye Care Partners, Chick-O-Rice, NY Old School Bagels and QC Tea Bar. Margaret Jones, Lane Breedlove and Miguel Alcivar of Cushman & Wakefield represented the seller, Raptor Realty Investments, in the transaction.

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100 Michigan Ave.
Investment salesMichiganNews

Friedman Real Estate Brokers Sale of 20,750-Square-Foot Single-Tenant Retail Property in Farmington Hills, Michigan

by Abby Cox

Farmington Hills, Mich. — Friedman Real Estate has brokered the $3.9 million sale of a 20,750-square-foot single-tenant retail property located at 100 Michigan Ave. in the northwestern Detroit suburb of Farmington Hills. First Independence Bank occupies the building. Andrew Bower, Steve Eisenshtadt and Peter Jankowski of Friedman represented the seller in the transaction.

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Goodyear Civic Square
ArizonaCompany newsLeasingNews

Red Development, Globe Corp. Welcomes Three New Tenants to Goodyear Civic Square

by Abby Cox

Goodyear, Ariz. — A partnership between Red Development and Globe Corp. has signed three new tenants to Goodyear Civic Square (GSQ), its 150-acre mixed-use development located in the Phoenix suburb of Goodyear. Trader Joe’s will open a 13,500-square-foot store — the first in Goodyear — while Black Rock Coffee Bar will open a 1,460-square-foot drive-thru coffee shop. Additionally, Firebirds Wood Fired Grill will open a 5,658-square-foot standalone building that also houses a 700-square-foot outdoor patio. All new tenants are scheduled to open in 2026. The first phase of GSQ features …

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The Switchyard
ArizonaDevelopmentMixed-useNewsRestaurantsRetailers

Creation, Horizon Break Ground on $120 Million Mixed-Use Project in Queen Creek, Arizona

by Abby Cox

Queen Creek, Ariz. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development’s restaurant lineup will feature Postino, a restaurant and wine café; Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver; and Shake Shack, a modern burger chain. Creation states that lease negotiations are …

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Torrey Hills Center
CaliforniaFinanceGrocery-anchoredNews

JLL Arranges $27.6 Million Refinancing for Torrey Hills Center in San Diego

by Abby Cox

San Diego, Calif. — JLL Capital Markets has arranged a $27.6 million loan to refinance Torrey Hills Center, an 86,467-square-foot retail center located in the Carmel Valley neighborhood of San Diego. Vons Market anchors the center. Originally built in 2005, the property is 98.4 percent leased to a mix of 26 tenants including Orangetheory Fitness, Starbucks Coffee, Wells Fargo and JETSET Pilates. Greg Brown, John Marshall, Spencer Seibring and Allie Black of JLL’s Debt Advisory team represented the borrower, a national real estate investment and management firm, in arranging the …

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201-233 International Drive
Grocery-anchoredInvestment salesNewsSouth Carolina

NAI Charleston Arranges Sale of 57,659-Square-Foot Shopping Center in Myrtle Beach, South Carolina

by Abby Cox

Myrtle Beach, S.C. — NAI Charleston has arranged the sale of a 57,659-square-foot shopping center located at 201-233 International Drive in Myrtle Beach. Built in 2014, the center sits on 6.4 acres, according to LoopNet. Lowes Foods anchors the center, which is leased to a mix of local and national tenants. Thomas Boulware and Michael Branch of NAI Charleston represented the buyer in the transaction. Drew Parks of Coldwell Banker Commercial represented the seller.

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Shops at Aliana Trace
Investment salesNewsTexas

CenterSquare Acquires 40,000-Square-Foot Shopping Center in Houston

by Abby Cox

Houston — CenterSquare Investment Management has acquired Shops at Aliana Trace, a newly constructed, 40,000-square-foot shopping center located in Houston. The property is situated adjacent to Grand at Aliana, a 200,000-square-foot retail power center. Target and H-E-B anchor the Shops at Aliana Trace, which was fully leased at the time of sale. Additional tenants include Big Blue Swim, Salon by JC and Wayback Burgers. The property is CenterSquare’s sixth acquisition in Houston.

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The Shops at Yellow Pine
DevelopmentFloridaLeasingNewsRestaurantsRetailers

Kitson & Partners Adds 20 New Tenants to The Shops at Yellow Pine

by Abby Cox

Punta Gorda, Fla. — Kitson & Partners has signed 20 new leases at The Shops at Yellow Pine, a 120,000-square-foot mixed-use development located in the master-planned community of Babcock Ranch in Punta Gorda. The Shops at Yellow Pine comprises three multi-tenant buildings and two standalone outparcels. Additionally, outdoor seating areas are available for use throughout the development, which is fully leased. Five Guys, Marshalls, Ace Hardware, Five Below and Hope Chiropractic have already opened at the center, while Panera Bread, Jersey Mike’s and Verizon Wireless are expected to open in June. …

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