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Lee + White overview
DevelopmentGeorgiaLeasingNews

Five New Retailers to Open at Lee + White in Atlanta’s West End

by Hayden Spiess

Atlanta — Five new retailers are set to open within the container village at Lee + White, a mixed-use redevelopment by Ackerman & Co. and MDH Partners in Atlanta’s West End. The village offers access to the Westside Atlanta Beltline and is scheduled to open in late October or early November of this year. Kelly Wilson of Ackerman & Co. completed short-term license agreements with the retail concepts. New retailers will include Alto, a provider of environmentally friendly products; Coastal Green Wellness, a store for organic CBD and hemp products; …

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DevelopmentLeasingNewsWisconsin

ACX Cinemas, Backlot Pizza + Kitchen to Open at BAYSHORE in Suburban Milwaukee

by Hayden Spiess

Glendale, Wis. — ACX Cinemas is set to open at BAYSHORE, a shopping center located in the Milwaukee suburb of Glendale, during summer 2023. The 42,951-square-foot location will include six theaters, gaming, bowling and a Backlot Pizza + Kitchen. Paul Bryant and Westin Kane of Mid-America Real Estate represented ACX in the transaction. Project partners include Cypress Equities, Hunzinger Construction Company and 5G Studio Collaborative.

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Disney Investment Group Texas
Investment salesNewsTexas

Disney Investment Group Sells 294,431-Square-Foot Shopping Center in Odessa, Texas

by Hayden Spiess

Odessa, Texas — Disney Investment Group (DIG) has sold Chimney Rock, a 294,431-square-foot retail center located in Odessa. David Disney and Adam Crockett of DIG represented the seller of the institutionally owned property. The shopping center was 93 percent leased at the time of sale and is anchored by Academy Sports, Best Buy, Marshalls, Ulta Beauty, Petco, JOANN Fabric and Crafts and Northern Tool. Other tenants include Mattress Firm, Kirkland’s, Versona, Carters and Longhorn Steakhouse. Fidelis was the buyer.

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Downtown-Chestertown-Maryland
DelawareFloridaInvestment salesMarylandNews

A&G Conducts $18.4 Million in Sales for 21 Commercial Properties at Bankruptcy Auction

by Hayden Spiess

Melville, N.Y. — A&G Real Estate Partners has secured the sales of 21 properties in Maryland, Delaware and Florida at a real estate bankruptcy auction. All assets were formerly owned by the late Zebulon J. and Beatrice Brodie. In the Aug. 16 bankruptcy auction, 19 properties in Maryland and one each in Delaware and Florida fetched a total of $18.4 million. The transactions included: the $6.7 million sale to different buyers of four contiguous, largely undeveloped properties in a busy commercial district on Legion Road in Denton, Maryland; the $1.5 …

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Mesa-College-Square-San-Diego-CA
CaliforniaInvestment salesNews

CEG Capital Partners Buys Mesa College Square Shopping Center in San Diego for $10.5 Million

by Hayden Spiess

San Diego — CEG Capital Partners has purchased Mesa College Square, a retail center at 7604-7608 and 7612 Linda Vista in San Diego. M.C. Square and AFJR Partnership sold the property for $10.5 million. Marc Posthumus and Evan McDonald of Colliers represented the buyer, while Posthumus and McDonald, along with Byram Frost of Big Block Realty, represented the sellers in the transaction. Robert Shaw and Cameron Aldrich of Chicago Title Co. provided escrow and title services. Mesa College Square features 25,409 square feet of multi-tenant retail space. The acquisition is …

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Investment salesNew HampshireNews

Atlantic Capital Partners Arranges Sale of Former Sears Building in Newington, New Hampshire

by Hayden Spiess

Newington, N.H. — Atlantic Capital Partners has arranged the sale of a 127,058-square-foot retail building formerly occupied by Sears in Newington, located in the southeastern part of New Hampshire. The building is situated within Fox Run Mall. Justin Smith, Chris Peterson, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the buyer and seller in the transaction.

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Thurber-Village-Columbus-Ohio
DevelopmentGrocery-anchoredMixed-useNewsOhio

CASTO Breaks Ground on Thurber Village Redevelopment in Columbus

by Hayden Spiess

Columbus, Ohio — CASTO has announced the beginning of construction on its redevelopment of Thurber Village, located in Columbus. Following three years of planning, CASTO will undertake renovations to deliver the mixed-use project. The development will be anchored by a 21,000-square-foot Lucky’s Market and will also include a 13,000-square-foot CVS/pharmacy, 225 apartment homes and structured parking.

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Deerwood-Town-Center-Miami
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges $44.9 Million Sale of Retail Center in Miami

by Hayden Spiess

Miami — JLL Capital Markets has brokered the $44.9 million sale of Deerwood Town Center, located in Miami. Danny Finkle, Eric Williams and Kim Flores of JLL arranged the transaction between the seller, Courtelis Company, and buyer, Core Investment Management. Fresco y Más and The Home Depot anchor the 205,803-square-foot property, which was fully leased at the time of sale. Other tenants include Amped Fitness, Pet Supermarket and TD Bank.

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Richland-Marketplace-Quakertown-Pennsylvania
Grocery-anchoredInvestment salesNewsPennsylvania

FNRP Acquires 162,000-Square-Foot Richland Marketplace in Quakertown, Pennsylvania

by Hayden Spiess

Quakertown, Pa. — First National Realty Partners (FNRP) has acquired Richland Marketplace, a 162,000-square-foot shopping center in Quakertown, about 50 miles north of Philadelphia. Built in 2009, the center houses tenants such as Aldi, Best Buy, PetSmart, Planet Fitness, Staples, Ulta Beauty, Visionworks, Sally Beauty and Skechers. Colin Behr and Chris Munley of JLL represented the undisclosed seller in the transaction.

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Shops-AMC-Palm-Promenade-San-Diego-CA
CaliforniaFinanceInvestment salesNews

Marcus & Millichap Arranges $13.1 Million Acquisition Financing for The Shops at AMC Palm Promenade in San Diego

by Hayden Spiess

San Diego — Marcus & Millichap Capital Corp. (MMCC) has arranged a $13.1 million loan for the acquisition of The Shops at AMC Palm Promenade, a retail power center located at 756-804 Dennery Road in San Diego. Chad O’Connor of MMCC San Diego secured the financing for the undisclosed borrower. The seven-year, fixed-rate loan has a 5.125 percent interest rate, 30-year amortization and a 60 percent loan-to-value ratio. The seller was not disclosed. Renovated in 2021, the 72,390-square-foot shopping center is located at the on/off ramp of Interstate 805 and …

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