Fairmont, Minn. — Cleeman Realty Group has brokered the $5.1 million sale of a single-tenant property located in Fairmont. Hy-Vee occupies the 54,740-square-foot building on a triple-net-lease basis. Jeremy Scheer of Cleeman represented the undisclosed buyer in the transaction.
Vernon, Calif. — DP Vernon Retail has sold Vernon Shopping Center, a retail center located in Vernon, roughly 4 miles outside downtown Los Angeles. Built in 2017, the center totals 14,000 square feet and was 77 percent occupied at the time of sale. Current tenants include Jersey Mike’s Subs and Café Dulce. Wimatex Inc. acquired the property for an undisclosed price in a 1031 exchange. Chris Maling and David Maling of Avison Young represented DP in the transaction.
Houston — Three new tenants have signed leases totaling 54,000 square feet at Champions Village, a retail center located in Houston. Lowe’s has opened a 41,453-square-foot store at the property, occupying a former Stein Mart space. Additionally, Hibbett Sports and The Greasy Spoon are both scheduled to open at the center in 2024. First National Realty Partners is the landlord.
Indian Harbour Beach, Fla. — Michaels will open a 21,000-square-foot store at Causeway Shopping Center in Indian Harbour Beach this year. Construction is currently underway on the store, which will be located in the space formerly occupied by Office Depot, adjacent to Ross Dress for Less. Forge Real Estate Partners III, a joint venture between The Sembler Co. and Forge Capital Partners, is the landlord. Other tenants at the 112,000-square-foot property include Panera Bread, GNC and Bealls Outlet. The center is now 85 percent occupied.
Stockton, Calif. — Brixton Capital has acquired Pacific Town Center, a 143,217-square-foot shopping center located in Stockton. Tenants at the property, which was 42 percent leased at the time of sale, include Smart & Final, Panda Express and Subway. The buyer plans to re-tenant spaces formerly occupied by Toys “R” Us and T.J. Maxx. Hanley Investment Group represented the undisclosed seller in the transaction.
Leesburg, Fla. — Island Associates Real Estate has brokered the $6.3 million sale of Lake Harris Square Plaza, a retail center located in Leesburg, roughly 45 miles outside Orlando. Winn-Dixie anchors the 9.8-acre property, which recently saw the addition of a 61,220-square-foot building. Other tenants at the center include Beef O’Brady, Brooklyn’s Pizzeria & Italian Restaurant, Subway and Seafood Shack. Roger Delisle of Island Associates represented the buyer, and Daniel Baruch of Legacy Realty Group represented the seller.
New York City — Club Pilates has signed a 3,500-square-foot lease in New York City. The brand has opened a fitness center on the ground floor of The Delegate, a condominium tower located in Manhattan. Club Pilates, an affiliate of Midtown East Fitness and a subsidiary of Xponential Fitness, currently operates more than 800 studios globally. Jack Resnick & Sons owns and operates the retail space at the property. Fran Delgorio and Brett Greenberg represented the landlord in the leasing negotiations on an internal basis, with Arial Schuster, Ross Berkowitz, Andrew …
Dallas — Blue Owl Real Estate has sold Gallery on the Parkway, a 146,612-square-foot retail center located in Dallas. Tenants at the property, which was developed in 1995, include Nordstrom Rack and Cost Plus World Market. Four Rivers Capital purchased the center for an undisclosed price. Adam Gottschalk of STRIVE arranged the transaction.
Fort Worth, Texas — Disney Investment Group (DIG) has brokered the $14.8 million sale of Westcliff Shopping Center, a 134,750-square-foot retail center located in Fort Worth. Albertsons anchors the property, which was 86 percent leased at the time of sale. DIG represented the seller, CTO Realty Growth, in the transaction and procured the buyer. Partners Capital, the investment platform of Partners Real Estate, acquired the center. Jess Dickie represented Partners on an internal basis, and Independent Financial provided acquisition financing.
Atlanta — JLL has arranged the sale of Marketplace at Buckhead, a 102,864-square-foot shopping center located in Atlanta’s Buckhead district. Sterling Organization purchased the property for an undisclosed price. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the undisclosed seller in the transaction. Built in 1958 and renovated in 1997 and 2013, the property was fully leased at the time of sale. Tenants include Willy’s Mexicana Grill, Jersey Mike’s Subs and Salon Lofts.
