Sugar Land, Texas — Headwall Investments has acquired Old Mill Retail Center, a 15,182-square-foot retail center located in Sugar Land. Tenants at the property include Pepperoni’s Pizza, Primera Professional Pharmacy, MTea & Coffee and Floors for Living. This marks Headwall’s second property in metro Houston and sixteenth in the state. Headwall’s portfolio now comprises more than 584,000 square feet of retail space with over 175 tenant spaces.
Venice, Fla. — Floor & Décor Holdings Inc. (FND) has opened a new warehouse store in Venice, marking its 33rd property in the state. The store spans 78,000 square feet. FND operates more than 240 warehouse-format stores and five design studios — which offer assortments of hard-surface flooring, decorative accessories, wall tile and installation materials — across 38 states.
Plano, Texas — JCPenney and SPARC Group have announced plans to merge, forming Catalyst Brands. Catalyst Brands launches with 1,800 store locations, 60,000 employees, more than $9 billion of revenue and $1 billion of liquidity. JCPenney and SPARC Group have created a joint venture in an all-equity transaction to form the combined organization, with Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein as shareholders. The combined portfolio features six retail banners — the SPARC Group’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica and JCPenney. Marc Rosen, …
San Mateo, Calif. — JLL Capital Markets has brokered the $127 million sale of Bridgepointe Shopping Center in San Mateo, roughly 20 miles south of San Francisco. Originally developed in 1988 and renovated in 2023, the 231,700-square-foot property spans 23.7 acres. Tenants at the center, which was fully leased at the time of sale, include Ross Dress for Less, Marshalls, Nordstrom Rack, Total Wine & More, Chick-fil-A, Five Below and The Container Store. Eric Kathrein, Daniel Tyner, Geoff Tranchina, Greg Lvovich, Warren McClean and Danny Finkle of JLL Capital Markets …
Park Ridge, N.J. — Marcus & Millichap has facilitated the $17 million sale of Ridgemont Shopping Center in Park Ridge, roughly 25 miles west of Newark. Lidl anchors the 71,650-square-foot retail property, which was built in 1962. Other tenants at the property, which was fully leased at the time of sale, include Staples, Chase Bank and Starbucks Coffee. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap and Bill Farkas of Jeffery Realty represented the seller and procured the buyer in the transaction.
Charlotte, N.C. — The Shopping Center Group (TSCG) has brokered the $16.9 million sale of York Ridge Shopping Center in Charlotte. Built in 1999, the 71,406-square-foot retail center was fully leased at the time of sale. Crunch Fitness anchors the property. TSCG represented the undisclosed seller in the transaction, and Ascent Real Estate Partners represented the private buyer.
Macon and Warner Robins, Ga. — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open three new units in Georgia. PAR Concepts will own and operate the restaurants, which will be located in Macon and Warner Robins. This marks PAR Concepts’ second franchise agreement with Smalls Sliders, bringing its portfolio to nine units — dubbed Cans — under development in Georgia. The first of the nine restaurants is scheduled to open early this year. Founded in 2019, Atlanta-based Smalls Sliders currently has 350 Cans open or under …
Yorba Linda, Calif — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $34.6 million sale of Home Ranch Commons, a 60,737-square-foot mixed-use medical and retail center located in Yorba Linda. UCI Health and Kiddie Academy anchor the property, which was built in 1984 and renovated in 2018. Other tenants at the center include Blue Agave, YL Family Chiropractic, Bodhi Leaf Trading Co., The Coder School and Torkian Aesthetic Center. Greenbridge Partners sold the property to Optimus Properties. Mark DeGiorgio, Jose Carrazana and Patrick Toomey of …
Largo, Fla. — Plaza Advisors has brokered the sale of Central Park Plaza, a 47,653-square-foot shopping center located in Largo, roughly 23 miles northeast of Tampa. Tenants at the property, which was 95 percent leased at the time of sale, include NAPA Auto Parts, Rent-A-Center, Boost Mobile and AMA Medical Group. An affiliate of Fortune Commercial Management doing business as Central Park Largo LLC, purchased the property for $5.6 million, with SouthState Bank providing a $3.7 million acquisition loan. Jeff Berkezchuk and Jim Michalak of Plaza Advisors represented the undisclosed …
Merced, Calif. — BWE has secured a $20 million bridge loan to finance the redevelopment of an outparcel adjacent to Marketplace at Merced in Merced. Sears formerly occupied the 85,000-square-foot property. The project will include a complete interior renovation, as well as the addition of two pad sites totaling 6,164 square feet. The redevelopment was fully preleased at the time of financing. Tenants at the property will include Ulta Beauty, Five Below, Petco, Rack Room Shoes and Burlington Coat Factory. Mike Guterman of BWE arranged the 30-month loan on behalf …