Sunday, July 13, 2025
Read the Digital Magazines
Subscribe

News

First-Street-Station_Albemarle
Grocery-anchoredInvestment salesNewsNorth Carolina

SRS Brokers $2.2 Million Sale of Grocery-Anchored Shopping Center in North Carolina

by Hayden Spiess

Albemarle, N.C. — SRS Real Estate Partners’ National Net Lease Group has brokered the $2.2 million sale of First Street Station, a 52,230-square-foot, grocery-anchored shopping center located in Albemarle, about 40 miles east of Charlotte. Ed Laycox of SRS represented the seller, a North Carolina-based private investor, in the all-cash transaction. The buyer was a Charlotte-based private investor operating in a 1031 exchange. Built in 1989 on a six-acre site, First Street Station was 91 percent leased at the time of sale to tenants including Harris Teeter, Roma Pizza and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Heartland-Dental-Meridian-Idaho
IdahoInvestment salesNet leaseNews

Hanley Arranges Sale of 4,200-Square-Foot Single Tenant Retail Property in Metro Boise

by Hayden Spiess

Meridian, Idaho — Hanley Investment Group Real Estate Advisors has arranged the sale of a newly constructed 4,200-square-foot retail building located in Meridian, roughly 11 miles west of Boise. The single-tenant property is occupied by Heartland Dental, operating as Dental Care at Verona, on a triple-net-lease basis. Jeff Lefko and Bill Asher of Hanley, in association with ParaSell Inc., represented the buyer, a private investor, in the 1031 exchange transaction. Andrea Nilson of Cushman & Wakefield represented the seller and developer, Northwest Development Group.

Continue Reading
0 FacebookTwitterLinkedinEmail
Shops at Walnut Creek
ColoradoInvestment salesNews

Westwood Financial Buys 225,224-Square-Foot Shops at Walnut Creek in Denver

by Hayden Spiess

Denver — Westwood Financial has purchased The Shops at Walnut Creek, a 225,224-square-foot shopping center in Denver. At the time of sale, center was 94 percent occupied by tenants including TJ Maxx, HomeGoods, PetSmart, Michaels, Old Navy, Dollar Tree, Qdoba, Buffalo Wild Wings, Massage Envy, LensCrafters, Sephora and Lash Lounge. Brad Lyons of CBRE represented the seller, InvenTrust Properties, in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
huron-wells
IllinoisInvestment salesNews

Mid-America Brokers Sale of 17,343-Square-Foot Retail Property in Chicago’s River North

by Hayden Spiess

Chicago — Mid-America Real Estate Corp. has brokered the sale of Huron & Wells, a 17,343-square-foot retail property located in Chicago’s River North neighborhood. A newly renovated CVS/pharmacy anchors the property, which is home to tenants including aesthetic dermatology clinic Laser Away, Japanese restaurant Cocoro and fitness concept Vibez Fit. Joe Girardi and Emily Gadomski of Mid-America represented the Chicago-based private seller in the transaction. Josh York of Syndicated Equities represented the California-based 1031 exchange buyer.

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNew JerseyNews

Hobby Lobby Signs 58,952-Square-Foot Retail Lease in Eastern New Jersey

by Hayden Spiess

Neptune, N.J. — Hobby Lobby has signed a 58,952-square-foot lease at Neptune Plaza Shopping Center in coastal New Jersey. The Oklahoma-based retailer will backfill a space previously occupied by HomeGoods and Marshalls. Kevin Pelio of Azarian Realty Co. represented the undisclosed landlord in the lease negotiations. Michael Testa of Jeffrey Realty represented Hobby Lobby, which plans to open in 2024. Neptune Plaza, which totals 215,000 square feet, is now 99.3 percent leased.

Continue Reading
0 FacebookTwitterLinkedinEmail
Guitar-Center-Naples
FloridaLeasingNews

Guitar Center Opens 300th Store with 15,000-Square-Foot Location in Naples, Florida

by Hayden Spiess

Naples, Fla. — Guitar Center has opened a 15,000-square-foot store at the Gateway Shoppes in Naples, marking the 300th location for the brand. The location will feature Guitar Center’s latest design, including a lessons facility, rental department and hands-on DJ experience. Owned by Benderson Development, Gateway Shoppes is located at 13585 Tamiami Trail N. Bruce Shepard of The Shopping Center Group (TSCG) arranged the lease on behalf of Guitar Center.

Continue Reading
0 FacebookTwitterLinkedinEmail
Livingston-Market-Place-Lutz-Fla
FloridaGrocery-anchoredInvestment salesNews

Fairway Purchases 64,441-Square-Foot Shopping Center in Tampa Suburb

by Hayden Spiess

Lutz, Fla. — Fairway Investments has acquired Livingston Market Place, a 64,441-square-foot shopping center located in the northern Tampa suburb of Lutz. Situated on 32.8 acres, the property is anchored by Publix. Other tenants at the center, which was completed in 2022 and fully leased at the time of sale, include Heartland Dental, Papa Johns, Prime Barber and 40 Thieves Irish Pub. Bryan Belk and John Tennant of Franklin Street arranged the sale on behalf of the seller/developer, a partnership between Dunphy Development and Batson-Cook Development.

Continue Reading
0 FacebookTwitterLinkedinEmail
Center-Pointe-Menifee-CA
CaliforniaGrocery-anchoredInvestment salesNews

Tourmaline Capital Sells Center Pointe Retail Center in Southern California for $24.6 Million

by Hayden Spiess

Menifee, Calif. — Tourmaline Capital has completed the disposition of Center Pointe, a newly developed shopping center located in Menifee. A private 1031 exchange buyer acquired the center for $24.6 million. Sprouts Farmers Market, Wendy’s, Olive Garden, Tacos & Tequila and Paris Nails are tenants at the 41,461-square-foot property. At the time of sale, the retail center was 96 percent leased. Gleb Lvovich, Daniel Tyner and Geoff Tranchina of JLL Retail Capital Markets represented the seller in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
FinanceNew YorkNews

Ashkenazy Acquisition Corp. Receives $20.6 Million Refinancing for Manhattan Retail Property

by Hayden Spiess

New York City — Ashkenazy Acquisition Corp. has received a $20.6 million loan for the refinancing of a 25,673-square-foot retail property located along Third Avenue on Manhattan’s Upper East Side. The property was fully leased at the time of the loan closing. Ronnie Levine and Ben Jacobs of Meridian Capital Group arranged the 10-year, fixed-rate acquisition loan through Bank of Montreal on behalf of ownership.

Continue Reading
0 FacebookTwitterLinkedinEmail
Sprouts-Mesa-Ariz
ArizonaGrocery-anchoredInvestment salesNews

Marcus & Millichap Brokers $18.5 Million Sale of Shopping Center in Mesa, Arizona

by Hayden Spiess

Mesa, Ariz. — Marcus & Millichap has brokered the $18.5 million sale of Sprouts Center, a 55,615-square-foot shopping center located in Mesa. Sprouts Farmers Market anchors the property. Marc Irvin of Marcus & Millichap represented the seller, an Arizona-based private investor. A California-based family trust acquired the center in a 1031 exchange. Ryan Sarbinoff of Marcus & Millichap acted as broker of record and assisted in closing the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts