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Superstition Gateway Shopping Center
ArizonaInvestment salesNewsPower centers

Desert Troon Sells Superstition Gateway Shopping Center in Mesa, Arizona for $121 Million 

by Abby Cox

Mesa, Ariz. — Desert Troon Cos. has sold Superstition Gateway Shopping Center, a 495,000-square-foot retail power center located in Mesa, for $121 million. Situated on 65.7 acres at the southwest corner of U.S. Highway 60 and Signal Butte Road, the center was constructed in 2006 and 2012 and comprises 19 individual parcels. Current tenants at the property — which was 90 percent leased at the time of sale — include Super Walmart, Kohl’s, AMC Theatres, LA Fitness, Total Wine & More, Ross Dress For Less, Marshalls, Five Below, PetSmart, Panera Bread, …

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Juanita Tate Marketplace
CaliforniaFinanceNews

JLL Arranges $21.5 Million Refinancing for Juanita Tate Marketplace in Los Angeles

by Abby Cox

Los Angeles — JLL Capital Markets has arranged a $21.5 million loan to refinance Juanita Tate Marketplace, a 77,096-square-foot retail center located in Los Angeles. Northgate Market anchors the fully leased center. Additional tenants at the property include CVS Pharmacy, Panda Express, Starbucks Coffee and Chase Bank. Alex Olson and Daniel Skerrett of JLL’s Debt Advisory team represented the borrower, Optimus Properties LLC, in arranging the five-year loan through institutional investors advised by J.P. Morgan Asset Management.

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Woof Gang Bakery & Grooming
Company newsDevelopmentNewsWisconsin

Woof Gang Bakery & Grooming Opens First Store in Wisconsin

by Abby Cox

Brookfield, Wis. — Woof Gang Bakery & Grooming has opened its first store in Wisconsin, which marks the brand’s entry into its 27th state. The company has more than 70 store openings planned for 2025, including locations in Maryland, Massachusetts, Missouri, North Dakota, Oregon, Utah and Washington. In 2024, Woof Gang Bakery & Grooming opened 50 stores in 10 new states and Canada. Founded in 2007, Orlando, Florida-based Woof Gang Bakery & Grooming has more than 450 locations open or in development.

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Bert Kouns Retail Plaza
Investment salesLouisianaNews

STRIVE Brokers Sale of 14,000-Square-Foot Retail Property in Shreveport, Louisiana

by Abby Cox

Shreveport, La. — STRIVE has brokered the sale of Bert Kouns Retail Plaza, a 14,000-square-foot retail property located in Shreveport, roughly 17 miles east of the Texas border. Originally built in 2002, the center was fully leased to a nail salon, Johnny’s Catfish, Unique LaChique’s Event Center, Tower Loan, Jackie’s Outlet and M&M Builders at the time of sale. Andrew Williams and Will Schubert of STRIVE represented the seller and sourced the buyer, both locally based in Louisiana. Additional terms of the sale were not disclosed.

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Echo
FloridaInvestment salesNews

JLL Brokers $45.7 Million Sale of Mixed-Use Property in West Palm Beach, Florida

by Abby Cox

West Palm Beach, Fla. — JLL Capital Markets has brokered the $45.7 million sale of Echo, a 71,694-square-foot mixed-use property located in downtown West Palm Beach. Originally built in 1925 and renovated in 2021, improvements to the property include a refreshed lobby, conference center, electric vehicle chargers, newly constructed lounge, as well as a new private courtyard. The mixed-use development features office space, 10,000 square feet of ground-floor retail and a 257-space parking garage. The property was 80 percent leased to Stone Point Capital, AltaRock Partners and Sound Point Capital at …

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Market Lofts
CaliforniaGrocery-anchoredInvestment salesNews

Hanley, SRS Arrange $20.9 Million Sale of Retail Anchor at Mixed-Use Development in Los Angeles

by Abby Cox

Los Angeles — A partnership between Hanley Investment Group Real Estate Advisors and SRS Real Estate Partners has arranged the $20.9 million sale of the retail component at Market Lofts in downtown Los Angeles. The retail portion of the project is anchored by a 49,489-square-foot Ralphs grocery store located on the ground floor. Completed in 2007, Market Lofts features 267 condominiums with 54,948 square feet of total ground-floor retail space. Along with Ralphs, the retail portion of the property is leased to six additional tenants including The UPS Store, Supercuts, …

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CaliforniaLeasingNews

South Coast Plaza Signs 21 New Tenants

by Abby Cox

Costa Mesa, Calif. — South Coast Plaza, a 2.8 million-square-foot super-regional mall located in Costa Mesa, has signed 21 new leases to join its tenant lineup this year. Dior Beauty’s West Coast flagship store has already opened at the center, along with Eres, Ramen Nagi, Vox Kitchen and a new Tiffany & Co. pop-up store. Other retailers that will open later this spring include Ami Paris; Eleventy; Guerlain; Gianvito Rossi; Montcler; Roger Vivier; Sandro; and See’s Candies. Alo; Skims; Bottega Veneta; Camilla; Club Monaco; Crate & Barrel; MaxMara; and Tumi …

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Investment salesNew YorkNews

Acadia Realty Acquires Three Retail Storefronts in New York for $61 Million

by Abby Cox

Brooklyn, N.Y. — Acadia Realty Trust has acquired three retail storefronts totaling approximately 13,600 square feet in the Williamsburg neighborhood of Brooklyn. Acadia now owns seven storefronts along North 6th Street, including the most recent acquisitions of 95, 97 and 107 North 6th Street. Brendan Maddigan, Ethan Stanton and Michael Mazzara of JLL represented Acadia Realty Trust, and the seller, City Urban Realty, in the transaction.

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Investment salesNewsSouth Carolina

Joint Venture Acquires 59,020-Square-Foot Shopping Center in Rock Hill, South Carolina

by Abby Cox

Rock Hill, S.C. — A joint venture between ShopOne Centers REIT, Pantheon and a global institutional investor has acquired Riverview Commons, a 59,020-square-foot shopping center located in Rock Hill, roughly 15 miles south of Charlotte, North Carolina. Food Lion and Dollar General anchor the property, which was 96 percent leased at the time of sale. Additional retailers at the center include Computer CPR, Exquisite Nails & Spa, Hair Savvy Salon, Big Wok II, Rock Hill Bagels & Deli, Ivy Rehab and ISI Elite Training. Riverview Commons marks ShopOne’s first acquisition …

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Kensington Valley Outlets
Investment salesMichiganNews

Time Equities, Lormax Stern Acquire 314,438-Square-Foot Retail Center in Howell, Michigan

by Abby Cox

Howell, Mich. — A partnership between New York City-based Time Equities Inc. (TEI) and Bloomfield Hills, Michigan-based Lormax Stern Development Co. has acquired Kensington Valley Outlets, a 314,438-square-foot retail center located in Howell. Formerly known as Tanger Outlets Howell, the property was originally built in 1996 and features a mix of tenants including H&M Outfitters; Old Navy; Nike Factory Store; Columbia; Banana Republic; GAP; Polo Ralph Lauren Factory Store; Famous Footwear; and Eddie Bauer. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith internally represented TEI while Andrew Bell, Matt Drozd, …

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