Flower Mound, Texas — STRIVE has brokered the sale of Northwest Plaza, an 11,000-square-foot retail property located in Flower Mound. Situated within the Dallas metro, the center was fully leased at the time of sale. Hudson Lambert of STRIVE represented the seller, an undisclosed local investor, in the transaction.
Vorhees Township, N.J. — KPR Centers has acquired Eagle Plaza, a 230,000-square-foot shopping center in Vorhees Township, for $41.7 million. The property was leased to approximately 40 retailers and restaurants, including anchor Acme Markets, at the time of sale. Other tenants at the center include Ross Dress for Less, Five Below, Chipotle Mexican Grill and Ace Pickleball Club.
Olathe, Kan. — Legacy Realty Group Advisors has arranged the sale of Townsquare Shopping Center, a 131,566-square-foot retail center located in Olathe. Tenants at the property include Westlake Ace Hardware, Dollar General, Big Lots and Church’s Chicken. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy represented the undisclosed seller in the transaction.
LaFayette, Ind. — Cooper Commercial Investment Group has brokered the $10.9 million sale of Market Square Shopping Center, a retail center located in LaFayette, Indiana. An undisclosed buyer purchased the property. Situated on 20 acres, the property totals 132,000 square feet. Tenants at the property, which was 84 percent leased at the time of sale, include Dollar General, the State of Indiana, Indiana BMW, Arni’s Pizza, First Merchants Bank and Rent-A-Center. Dan Cooper of Cooper Commercial Investment Group represented the seller in the transaction.
San Francisco — JLL Capital Markets has arranged the $7.3 million sale of Petaluma Town Plaza, a 27,000-square-foot retail center located in San Francisco. Tenants at the center, which was 64 percent leased at the time of sale, include FedEx, Sherwin-Williams, St. Joseph Health, Posh Nails and SalonCentric. Warren McClean and Eric Kathrein of JLL represented the undisclosed private seller in the transaction. Crow Holdings Capital was the buyer.
North Brunswick, N.J. — Panda Express has opened a new, 2,525-square-foot restaurant at MainStreet NB, mixed-use development located in North Brunswick, approximately 40 miles southwest of New York City. Garden Commercial is the landlord. David Dunkelman of Soloff Realty represented Panda Express in the lease negotiations, and Michael Gartenberg represented Garden Commercial on an in-house basis. Other tenants at MainStreet NB, which Garden Commercial broke ground on in 2010, include Chipotle Mexican Grill, Shake Shack, Panera Bread and The Green Turtle Sports Bar and Grill. Cava also recently signed a lease …
Aliso Viejo, Calif. — ValueRock Realty has completed the first phase of The Commons — a 21-acre mixed-use development in Aliso Viejo — with the grand opening held on Dec. 14. The project is a redevelopment of a 200,000-square-foot vacant former Lowe’s property. In addition to 200,000 square feet of retail space, The Commons will include a proposed 343-unit residential community. Retail tenants at the project include Tesla, 99 Ranch Market, Daiso and Philz Coffee, all of which are scheduled to open by the end of the year. Additional tenants, including Bowlero …
Chelmsford, Mass. —Winstanley Enterprises and Surrey Equities have purchased Chelmsford Mall in Chelmsford for $28 million in an off-market transaction. The seller was the original developer. Tenants at the property, which was fully leased at the time of sale, include Kohl’s, Michaels, PetSmart, Staples, Famous Footwear, Carter’s and Best Fitness. The buyers plan to make immediate investments into the property, with upgrades including new exterior paint, parking lot improvements, new landscaping and signage upgrades. Winstanley Enterprises also owns Chelmsford Town Center, a 41,000 square-foot shopping center located in downtown Chelmsford.
New York City — Newmark has arranged an 80,300-square-foot lease for ROUND1, a Japan-based bowling and arcade concept, in New York City. Situated within the 700,000-square-foot The Shops at Skyview property, this will be the first venue in the city for the brand. David Friedman and Andrew Stern of Newmark Retail represented the tenant in the lease negotiations. According to Newmark, this marks the largest new retail lease in New York City this year.
Oxford, Pa. — NAI Emory Hill has brokered the $3.4 million acquisition of a shopping center located in Oxford, roughly 55 miles outside Philadelphia. Walgreens anchors the property, which was fully occupied at the time of sale. Other tenants at the 15,600-square-foot center include Bigfoot’s Express, Domino’s Pizza and Vape2Go. Rich Dudek of NAI Emory Hill represented the undisclosed buyer in the transaction.
