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7-Eleven
CaliforniaInvestment salesNews

RealSource Group Negotiates Sale of 3,795-Square-Foot Single-Tenant Retail Property in Oakley, California

by Abby Cox

Oakley, Calif. — Newport Beach, California-based RealSource Group has negotiated the sale of a single-tenant retail property located in Oakley. A 7-Eleven convenience store occupies the 3,795-square-foot building on a triple-net ground lease basis, which has more than nine years remaining on its initial 15-year term. Built in 2019, the property sits on nearly 1.3 acres and is situated adjacent to a McDonald’s and Quick Quack Car Wash. Jonathan Schiffer and Austin Blodgett of RealSource Group represented the seller, California Capital & Investment Group. The buyer, 7-Eleven, Inc., purchased the store …

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Investment salesNew YorkNews

Dragos Capital Acquires 18 CVS-Leased Pharmacies

by Abby Cox

Buffalo, N.Y. — Buffalo, New York-based Dragos Capital has acquired a portfolio of 18 retail properties leased to CVS Pharmacy. The portfolio has a current estimated value of roughly $75 million, according to Dragos representatives. An undisclosed 1031 exchange investor was the seller. All properties are under long-term leases with the pharmaceutical company, which is currently looking to sell approximately 3.4 million square feet of space, as reported by Commercial Search.

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Foothill Shopping Center
ArizonaGrocery-anchoredInvestment salesNews

Newmark Arranges $10.3 Million Sale of Foothill Shopping Center in Phoenix

by Abby Cox

Phoenix — Newmark has arranged the $10.3 million sale of Foothill Shopping Center, a 78,186-square-foot shopping center in Phoenix. Steve Julius, Jesse Goldsmith and Chase Dorsett of Newmark represented the Houston-based seller, SClay Management, which owned the property for nearly 50 years, in the transaction. The buyer was Lena Centers, a Boston-based investment firm that specializes in acquiring community-based grocery-anchored shopping centers across the country. CNG Ranch Market anchors Foothill Shopping Center, which includes a mix of additional tenants such as Harbor Freight Tools, Sun Star Buffet, H&R Block, TitleMax and Cricket Wireless. …

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Parkside Collective
ColoradoInvestment salesNews

JLL Negotiates Sale of 24,985-Square-Foot Retail Strip Center in Metro Denver

by Abby Cox

Aurora, Colo. — JLL Capital Markets has negotiated the sale of Parkside Collective, a 24,985-square-foot retail strip center in Aurora, a suburb located 15 miles east of downtown Denver. Situated within a larger mixed-use development known as Parkside at City Center, the three-building retail property was 86 percent leased at the time of sale to a mix of national and local tenants, including Five Guys, Cheba Hut and Einstein Bros. Bagels. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller, an entity doing business as …

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two-tenant retail pad property
CaliforniaInvestment salesNews

Faris Lee Investments Brokers $6.1 Million Sale of Two-Tenant Retail Property in Southern California

by Abby Cox

Palm Desert, Calif. — Irvine, California-based Faris Lee Investments has brokered the $6.1 million sale of a two-tenant retail property located at the corner of Highway 111 and Fred Waring Drive in Palm Desert. SchoolsFirst Federal Credit Union and T-Mobile occupy the 7,400-square-foot building. Chris DePierro, Jeff Conover, Don MacLellan, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller, Sage Investments, in the transaction. The all-cash, 1031 exchange buyer was a Southern California-based private investor. This deal marks the 25th property Faris Lee Investments has sold in the Palm …

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Autumn Heights
Investment salesNewsTexas

Boomslang Ventures Sells 13,949-Square-Foot Shopping Center Near San Antonio

by Abby Cox

Converse, Texas — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail center located in Converse, roughly 14 miles northeast of San Antonio. Originally built in 2020 on 2 acres, the center was fully leased at the time of sale. Tenants at the property include Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor.

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Ella Plaza
Investment salesNewsTexas

Northmarq Arranges Sale of 82,073-Square-Foot Shopping Center in Houston

by Abby Cox

Houston — Northmarq has arranged the sale of Ella Plaza, an 82,073-square-foot shopping center located at 1319 Cypress Creek Parkway in Houston. Advance Auto Parts, CSL Plasma and the Harris County Public Health Department anchor the property, which was 90 percent occupied at the time of sale. Additional nearby retailers include Kroger, AT&T, Starbucks Coffee, Chick-fil-A, Subway, dd’s Discounts, Ross Dress for Less, Wingstop, CVS Pharmacy, Walgreens and Whataburger. Originally built in 2005, the center sits on roughly 7 acres. Riley Sharman of Northmarq’s Investment Sales team represented the 1031 exchange …

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Talladega Shopping Center
AlabamaInvestment salesNews

Marcus & Millichap Brokers $2.4 Million Sale of Talladega Shopping Center in Alabama

by Abby Cox

Talladega, Ala. — Marcus & Millichap has brokered the $2.4 million sale of Talladega Shopping Center, a 47,437-square-foot shopping center located in Talladega, an eastern suburb of Birmingham. Citi Trends and Standard Furniture, both of which have occupied the site for more than a decade, are the property’s anchor tenants. Additional tenants include Regional Finance and AT&T, which occupies a newly developed outparcel. The center was originally built in 1981 on 3.6 acres and was 88 percent leased at the time of sale. Eric Abbott and Zachary Taylor of Marcus & …

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Rita’s Italian Ice & Frozen Custard
Company newsMichiganNewsOhioSouth Carolina

Rita’s Italian Ice Continues Expansion, Plans for 19 New Store Openings in Fourth-Quarter 2025

by Abby Cox

Philadelphia — Pennsylvania-based Rita’s Italian Ice & Frozen Custard plans to open 19 new stores in the fourth quarter as part of an initiative to launch nearly 40 locations in 2025. In the first half of the year, the restaurant chain opened 16 new shops, including locations in Grand Rapids, Michigan; Nexton, South Carolina; and Liberty Township, Ohio. Newly debuted drive-thru models in Fort Worth, Texas, and Cleveland, Ohio, have been a contributing factor to Rita’s expansion efforts, according to company representatives. Founded in 1984, Rita’s Italian Ice & Frozen Custard …

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Company newsDevelopmentEntertainmentNewsTexas

The Pickle Pad Signs Four-Unit Franchise Agreement Across Four Markets 

by Abby Cox

Dallas — Dallas-based pickleball-themed entertainment venue The Pickle Pad has signed a four-unit franchise agreement across four different markets including Oak Bridge, New Jersey; Port Arthur, Texas; Hoover, Alabama; and Tampa, Florida. The company currently has seven locations under development, while preparing to open three new venues in Myrtle Beach, South Carolina; St. George, Utah; and Newport News, Virginia. While opening dates have not been announced, each location will feature multiple pickleball courts, food-and-beverage offerings, open green spaces and social and lawn games.

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