Waukegan, Ill. — Marcus & Millichap has brokered the $2.8 million sale of Grand Plaza East, a 36,018-square-foot retail center located in Waukegan, roughly 37 miles south of downtown Chicago. Built in 1972 on nearly three acres, the five-suite retail property is anchored by Domino’s Pizza. Adrian Mendoza, Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an Illinois-based corporation, and procured the buyer, a private investor.
Knoxville, Tenn. — A public-private partnership between the University of Tennessee and a newly formed development platform comprising Arctos, RVX Ventures and Magellan Development Group will soon begin the development of Neyland Entertainment District, a $280 million mixed-use village surrounding Neyland Stadium, the home football arena of the University of Tennessee. The waterfront development in Knoxville will feature approximately 100,000 square feet of entertainment space alongside a 24-story hotel and residences with rooftop space and a private members club. Arctos is the majority equity investor in the project and is …
Wichita Falls, Texas — Marcus & Millichap has brokered the sale of Parker Square, a 94,532-square-foot shopping center located in Wichita Falls. Built in 1955, the multi-tenant property features 23 retail suites and was 97 percent leased at the time of sale. Crunch Fitness occupies nearly half of the center’s rentable area. Other tenants include Jason’s Deli, Massage Envy, Heff’s Burgers and Deatherage Certified Optics, according to LoopNet Inc. Chris Gainey and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller, one of the largest privately …
Forest Park, Ill. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, an 18,486-square-foot, multi-tenant retail center located in Forest Park, roughly 10 miles west of Chicago. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza is fully occupied and is home to Dunkin’ Donuts, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history.
Irvine, Calif. — Club Pilates has signed a franchise agreement with entrepreneur Saber Ammori to develop 70 new units across three states including Michigan, Maryland and New York. Ammori already owns and operates 14 Club Pilates studios in the New York City area. As part of the deal, Ammori and Boston-based private equity firm Cohere Capital have formed Renew Fitness to operate and develop the existing and future Club Pilates locations. The franchisee group’s total number of potential studios will increase to 84, making Renew Fitness one of Club Pilates’ …
Nashua, N.H. — Atlantic Capital Partners has sold a single-tenant retail property located in Nashua, approximately 45 miles north of Boston, for $22.5 million. Whole Foods Market occupies the 44,538-square-foot building, which is situated within Webster Square, a 182,348-square-foot shopping center. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller in the transaction.
Leesburg, Fla. — Marcus & Millichap has arranged the $11.5 million sale of Leesburg Marketplace, an 81,071-square-foot retail center located in Leesburg, about 45 miles northwest of Orlando. Salim Valiani of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer in the transaction. Located at 1101-1107 West North Blvd., Leesburg Marketplace sits on roughly 9.4 acres and was built in 1987. The property was 95 percent leased at the time of sale to Dollar Tree, Ollie’s Bargain Outlet and the U.S. Army Corps. of Engineers, …
Greensboro, N.C. — Legacy Realty Group has negotiated the sale of Stonesthrow Crossing, a 92,110-square-foot retail center located at the intersection of Farmington Drive and W. Gate City Boulevard in Greensboro. Roses Department Store anchors the property, which features additional tenants such as Harbor Freight Tools. The center will be shadow anchored by a new Rural King location, which is scheduled to open in 2027. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented both the buyer, Charlotte, North Carolina-based Hilltide Capital, and the seller, locally based Koury Corp., …
Glendale, Calif. — RDC, in collaboration with high-end grocery chain Erewhon, has redeveloped a former Virgil’s Hardware building in Glendale. Situated at 520 North Glendale Ave., the historic 24,900-square-foot building was originally developed in the 1970s and has been vacant for more than five years. The redevelopment has transformed the hardware store into a 14,900-square-foot Erewhon grocery store that comprises 5,000 square feet of mezzanine space, along with 4,000 square feet of additional ground-floor tenant space. Erewhon acquired the property in 2024.
Mount Pleasant, S.C. — Baltimore-based Continental Realty Corp. (CRC) has sold two adjacent shopping centers located at 1903 and 1909 Highway 17 N. in Mount Pleasant. The properties, which include Sweetgrass Corner (88,316 square feet) and The Shops at Towne Centre Way (7,054 square feet), span a combined 95,370 square feet and were fully leased at the time of sale to tenants including Trader Joes, HomeSense and Golf Galaxy. CRC acquired Sweetgrass Corners in 2022 for $17 million and The Shops at Towne Centre Way for $3.9 million as part …
