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FloridaInvestment salesNews

Avison Young Brokers $23 Million Sale of Retail Center in South Florida

by Hayden Spiess

Pembroke Pines, Fla. — Avison Young’s Florida Capital Markets Group has brokered the $23 million sale of Pembroke Centre, a 29,350-square-foot strip retail center located in Pembroke Pines. David Duckworth, Michael Fay, John Crotty and Brian de la Fé of Avison Young represented the developer and seller — PP Omni Ventures, an affiliate of Hart Lyman Cos. — in the transaction. Monolith Real Estate Property Management represented the buyer, an entity doing business as OMAX Invest LLC. Situated on four acres, the property was fully leased at the time of …

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Investment salesNewsTexas

STRIVE Arranges Sale of 8,600-Square-Foot Retail Strip Center in Plano

by Hayden Spiess

Plano, Texas — STRIVE has arranged the sale of Jupiter Plaza, an 8,600-square-foot retail strip center located in Plano, on the northern outskirts of Dallas. The property was fully leased at the time of sale to tenants including Taqueria Los Angeles, Nancy’s Beauty Salon and Chuck’s Barber Shop. Hudson Lambert of STRIVE represented the California-based seller in the transaction and procured the Dallas-based buyer.

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Investment salesNet leaseNew YorkNews

Marcus & Millichap Brokers $11.3 Million Sale of Net-Leased Retail Property on Long Island

by Hayden Spiess

Woodbury, N.Y. — Marcus & Millichap has brokered the $11.3 million sale of a 4,875-square-foot retail property in the Long Island community of Woodbury that is net leased to Chase Bank. The newly constructed building is located at 7920 Jericho Turnpike. Alan Lipsky and Barry Wolfe of Marcus & Millichap represented the seller, an entity doing business as 7940 Woodbury Partners LLC, in the transaction. The buyer was KIT Realty Inc. John Horowitz of Marcus & Millichap assisted in closing the deal as the broker of record.

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CaliforniaDevelopmentInvestment salesNews

Bridge Group Investments, Steerpoint Capital Acquire 1.3 Million-Square-Foot North County Mall in Southern California

by Hayden Spiess

Escondido, Calif. — Bridge Group Investments and Steerpoint Capital have acquired North County Mall in Escondido, about 30 miles north of San Diego. Unibail-Rodamco-Westfield (URW) was the seller, according to the Escondido Times-Advocate. The sales price was undisclosed. Situated on almost 83 acres, North County Mall totals nearly 1.3 million square feet. Tenants include Target, Macy’s, JC Penney, 24 Hour Fitness, Forever 21, H&M, Apple, Cheesecake Factory, BJ’s Restaurant and Brewhouse, Black Angus Steakhouse, On the Border and more. The mall opened in 1986. Although no plans were released for …

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Investment salesNewsVirginia

Cushman & Wakefield | Thalhimer Brokers $4.8 Million Sale of Roanoke Retail Center

by Hayden Spiess

Roanoke, Va. — Cushman & Wakefield | Thalhimer has brokered the sale of Oak Grove Plaza in Roanoke. Omma Management LLC purchased the property for $4.8 million. Located at 2061 Electric Road, the retail center comprises 49,881 square feet. William D. Poe and Payal Shah of Cushman & Wakefield | Thalhimer represented the undisclosed seller in the transaction.

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Investment salesNewsTexas

Hanley Arranges Sale of 42,800-Square-Foot Shopping Center in Metro Houston

by Hayden Spiess

Spring, Texas — Hanley Investment Group Real Estate Advisors has arranged the sale of Stables Town Center, a 42,800-square-foot shopping center located in Spring, approximately 25 miles north of Houston. Walgreens anchors the property, which was built in 2001. Other tenants at the center include Texas American Title, Elite Spine and Health Center and Coldwell Banker. Kevin Fryman of Hanley, in association with ParaSell Inc., represented the undisclosed seller in the transaction. Wu Properties acquired the property for an undisclosed price.

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IllinoisInvestment salesNews

Marcus & Millichap Negotiates $4.7 Million Sale of Retail Center in Metro Chicago

by Hayden Spiess

Franklin Park, Ill. —Marcus & Millichap has negotiated the $4.7 million sale of a 42,111-square-foot retail center in the Chicago suburb of Franklin Park. Just Tires anchors the property and has operated out of the location since 1975. Mitchell Kiven, James Ziegler and Keith Zelenika of Marcus & Millichap represented the seller, an investment fund with several partners based primarily in Chicago. Kiven also procured the buyer, Jupiter Texas Group. Dean Giannakopoulos and Frank Montalto of Marcus & Millichap Capital Corp. arranged acquisition financing on behalf of the buyer.

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Investment salesNewsSouth Carolina

NAI Columbia Sells 40,883-Square-Foot Retail Center in Columbia, South Carolina

by Hayden Spiess

Columbia, S.C. — NAI Columbia has sold a 40,883-square-foot retail center located in Columbia’s NOMA District. Dubbed the “Ultra Hub,” a 30,000-square-foot O’Reilly Auto Parts store, warehouse and distribution center anchors the property. North Main Kidney Center and TitleMax are also tenants at the shopping center. NAI Columbia’s development team purchased the property, formerly home to a BI-LO grocery store, in December 2021 before making extensive renovations. Ben Kelly and Patrick Chambers of NAI Columbia brokered the sale to the undisclosed buyer.

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GeorgiaInvestment salesNews

Coro Realty, Pope & Land Sell Shopping Centers Totaling 120,000 Square Feet in Metro Atlanta

by Hayden Spiess

Alpharetta, Kennesaw and Roswell, Ga. — Coro Realty and Pope & Land Enterprises have sold three shopping centers totaling 120,000 square feet in metro Atlanta. The joint venture acquired the properties as a portfolio in February 2020, purchasing them from Muntzing-Sattele. Most recently, the partnership completed the disposition of Brookside Station, a 23,500-square-foot retail center located Alpharetta, a northeast suburb of Atlanta. In August 2022 the partners sold Town Center Oaks, a 52,000-square-foot shopping center in Kennesaw, roughly 30 miles northwest of Atlanta. Mimms Enterprises acquired Mansell Oaks, a 43,000-square-foot …

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