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District-Moreno-Valley-CA
CaliforniaFinanceGrocery-anchoredNews

Ledo Capital Group Receives $13.4 Million Refinancing for District Moreno Valley Shopping Center in California

by Hayden Spiess

Moreno Valley, Calif. — Ledo Capital Group has received $13.4 million for the refinancing of District Moreno Valley, a shopping center in Moreno Valley. Completed in 2022, District Moreno Valley features 52,081 square feet of retail space anchored by Sprouts Farmers Market. Other tenants include KFC, The Joint Chiropractic, WSS and Starbucks Coffee. Matt Stewart, Chris Jaff and Daniel Skerrett of JLL Capital Markets Debt Advisory secured the financing through Manufacturers Banks on behalf of the borrower.

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89-West-Road-2-Chino-Valley-AZ
ArizonaInvestment salesNet leaseNews

Marcus & Millichap Brokers Sale of 4,500-Square-Foot Retail Property in Chino Valley, Arizona

by Hayden Spiess

Chino Valley, Ariz. — Marcus & Millichap has brokered the sale of a retail building located in Chino Valley.  Sherwin-Williams occupies the 4,500-square-foot property, which was built in 2022, on a net-lease basis. Mark Ruble and Chris Lund of Marcus & Millichap represented the seller and procured the buyer, both limited liability companies, in the transaction.

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Houston-Commons_Florence
Investment salesKentuckyNews

Cooper Commercial Arranges $6.1 Million Sale of Houston Commons Shopping Center in Metro Cincinnati

by Hayden Spiess

Florence, Ky. — The Cooper Commercial Investment Group has arranged the $6.1 million sale of Houston Commons, a shopping center located in Florence, roughly 13 miles southwest of Cincinnati.  PetSmart, which recently signed an early extension at the property through 2035, anchors the center, which was 88 percent leased at the time of sale. An Illinois-based buyer purchased the center from the seller, a private investor. Dan Cooper of Cooper Commercial represented the seller in the transaction.

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Investment salesNet leaseNewsTexas

Marcus & Millichap Brokers $5 Million Sale of Net-Leased Retail Property in San Antonio

by Hayden Spiess

San Antonio — Marcus & Millichap has brokered the $5 million sale of a 12,460-square-foot retail property in San Antonio. Walgreens occupies the property on a net-lease basis. Christopher Pappas and Michael Cardone of Marcus & Millichap represented the seller, an undisclosed partnership, in the transaction. Tim Speck of Marcus & Millichap assisted in closing the deal as the broker of record.

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Beacon-Square
DevelopmentGrocery-anchoredLeasingMarylandNews

SJC Ventures Signs 11 Tenants to Beacon Square Development in Annapolis

by Hayden Spiess

Annapolis, Md. — SJC Ventures has signed 11 new tenants to Beacon Square, a mixed-use development currently underway in Annapolis. Tenants will include Arhaus, Circa Lighting, Firebirds Wood Fired Grill, Mighty Quinn’s BBQ, Meg Fox Aesthetics, GNC, Aspen Dental, Inspire Nails, Cold Stone Creamery, Eggspectation and Jersey Mikes. SJC and AvalonBay Communities Inc. acquired the land for the project early last year, with vertical construction started in August. Upon completion, the property will comprise 52,000 square feet of retail and office space, as well as a 43,000-square-foot grocery store and …

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Chipotle New Fresh Eatery Concept Farmesa
CaliforniaCompany newsLeasingNewsRestaurants

Chipotle Mexican Grill Debuts New Restaurant Concept

by Hayden Spiess

Santa Monica, Calif. — Chipotle Mexican Grill Inc. has announced the launch of a new restaurant concept, which will be opening in a ghost kitchen space in Santa Monica. Dubbed Farmesa, the restaurant will open at Third Street Promenade in partnership with Kitchen United Mix. A soft opening is planned, which will feature an abbreviated menu and limited hours, before the official launch next month. Guests will be able to order via onsite kiosks, online at the Kitchen United website and via third-party apps including DoorDash and UberEats.  According to …

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LeasingNewsTexas

Home Depot Signs 35,840-Square-Foot Retail Lease Renewal in Arlington, Texas

by Hayden Spiess

Arlington, Texas — The Home Depot has signed a 35,840-square-foot retail lease renewal at Cooper Street Plaza in Arlington. Brent St. Amant of Hartman Income REIT represented the landlord, Silver Star Properties REIT, in the lease negotiations. The Home Depot was self-represented. Other tenants at the center include UPS, Mattress Firm, OfficeMax, Black Rifle Coffee Co. and State Farm Insurance.

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Northwest-Crossing-Centre-Houston
Investment salesNewsTexas

Hanley Brokers Sale of 180,000-Square-Foot Shopping Center in Houston

by Hayden Spiess

Houston — Hanley Investment Group Real Estate Advisors has brokered the sale of Northwest Crossing Centre, a 180,000-square-foot shopping center located in Houston. Kevin Fryman and Ed Hanley of Hanley, in association with ParaSell Inc., represented the seller, USA Properties Inc. Wu Properties acquired the center for an undisclosed price. Tenants at the property, which was 94 percent leased at the time of sale, include Burlington, Dollar Tree, Marshalls, Planet Fitness, Hibbett Sports, pOpshelf, Chik-fil-A, James Coney Island, Red Lobster and Whataburger.

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Victory-Plaza-Los-Angeles-CA
CaliforniaGrocery-anchoredInvestment salesNews

Newmark Arranges $57.7 Million Sale of Victory Plaza Retail Center in Los Angeles

by Hayden Spiess

Los Angeles — Newmark has arranged the disposition of Victory Plaza, a 136,580-square-foot, grocery-anchored shopping center in Los Angeles. Gerrity acquired the property for $57.7 million. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark represented the seller, Kennedy Wilson, in the transaction. The property was 97 percent occupied at the time of sale by tenants including Vallarta Supermarkets, CVS/pharmacy, LA Fitness, Petco, US Renal Care, Citibank, Blaze Pizza and Chipotle Mexican Grill.

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Peachtree-Parkway-Shopping-Plaza-Norcross-Ga
FinanceGeorgiaInvestment salesNews

Marcus & Millichap Secures $10.8 Million Acquisition Financing for Shopping Center Near Atlanta

by Hayden Spiess

Norcross, Ga. — Marcus & Millichap Capital Corp. (MMCC) has secured $10.8 million in financing for the acquisition of Peachtree Parkway Shopping Plaza, a 94,174-square-foot shopping center located in Norcross, roughly 20 miles northeast of Atlanta. Tenants at the property include Dollar General and Goodwill. Garrett Fierstein of MMCC secured the loan, which carries a 10-year, fixed rate and a 25-year amortization schedule.

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