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Starbucks Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Brokers $4.3 Million Sale of Single-Tenant Retail Property in Southern California

by Abby Cox

Azusa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant retail property in Azusa, approximately 27 miles northeast of downtown Los Angeles. Los Angeles-based California Icon LLC sold the property to Glendale, California-based MTSA Properties for $4.3 million. Starbucks Coffee occupies the 3,800-square-foot building on a new long-term absolute triple-net lease. The building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. Bill Asher …

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Walmart_Portfolio
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 34-Property Walmart-Anchored Retail Portfolio

by Abby Cox

Dallas — Marcus & Millichap has brokered the sale of 34 Walmart-anchored and shadow anchored retail centers. The centers span 13 states, including Alabama, Arizona, Colorado, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Ohio, Oklahoma, Tennessee and Texas. Philip Levy of Marcus & Millichap represented the buyer, MRP Capital Group, a St. Louis-based private equity firm that is the largest single owner of Walmart shadow-anchored shopping centers in the country. State brokers of record include Eddie Greenhalgh (Ala.), Ryan Sarbinoff (Ariz.), Adam Lewis (Colo.), Josh Caruana (Ind.), Jon Ruzicka (Iowa), Grant …

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Del Taco
CaliforniaCompany newsInvestment salesNewsRestaurants

Jack in the Box to Sell Del Taco for $115 Million

by Abby Cox

San Diego — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The …

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Investment salesMassachusettsNews

Reports: National Development Buys Watertown Mall in Metro Boston for $100 Million 

by Abby Cox

Watertown, Mass. — National Development has purchased Watertown Mall, a 260,867-square-foot shopping center located about six miles northwest of Boston, with plans to enhance the property and continue its operation as a retail destination, as confirmed in a statement by the regional owner-operator. According to reports from multiple publications, including Axios and the Boston Business Journal, the sales price was approximately $100 million, and the purchase represents a split from an original plan to repurpose the property to support life sciences usage. Best Buy and Target are the current anchors of Watertown Mall. Alexandria …

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Belleview Shopping Center
Grocery-anchoredInvestment salesLouisianaNews

Legacy Realty Group Negotiates Sale of Belleview Shopping Center in Metro Baton Rouge, Louisiana

by Abby Cox

Plaquemine, La. — Legacy Realty Group Advisors has negotiated the sale of Belleview Shopping Center, an 84,146-square-foot shopping center located in Plaquemine, roughly 14 miles south of Baton Rouge. Rouses Supermarkets anchors the property. Additional tenants include Dollar General, CitiTrends, Hibbett Sports and AT&T. Belleview Shopping Center was built in 1992 on 7.5 acres. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction, while Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller.

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345 Union Blvd.
Investment salesNew JerseyNews

Marcus & Millichap Brokers $2.2 Million Sale of Two-Tenant Retail Property in Totowa, New Jersey

by Abby Cox

Totowa, N.J. — Marcus & Millichap has brokered the sale of a two-tenant retail property located in Totowa for $2.2 million. Built in 1970, the 4,950-square-foot property is fully occupied by Elite Spine & Sports Care of Totowa and Brooklyn Bagels. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, a local investor, in the transaction.

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Investment salesNewsSouth Carolina

Palomar Group Arranges $3.2 Million Sale of 36,884-Square-Foot Retail Center in Columbia, South Carolina

by Abby Cox

Columbia, S.C. — The Palomar Group has arranged the sale of Arcadia Lakes, a 36,884-square-foot retail center located in Columbia for $3.2 million. Originally built in 1986, Arcadia Lakes was 75 percent occupied at the time of sale to a mix of tenants including a laundromat, cell phone store, beauty store and a Rent-A-Center. The Palomar Group represented the private seller. The buyer was a private investor.

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Quarry Center
Grocery-anchoredNewsPennsylvania

CBRE Arranges Sale of 222,512-Square-Foot Shopping Center in Metro Philadelphia

by Abby Cox

Havertown, Pa. — CBRE has arranged the sale of Quarry Center, a 222,512-square-foot shopping center located in Havertown, approximately nine miles west of Philadelphia. The property sold for more than $80 million, as reported by the Philadelphia Business Journal. Giant Food and Lowe’s Home Improvement anchor the property, which was fully leased at the time of sale. Additional tenants include an Xfinity Store by Comcast, Panera Bread and Chipotle Mexican Grill. Quarry Center was originally built in 2013 on 31 acres. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith …

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Hope Ferry Center
Investment salesNewsSouth Carolina

Marcus & Millichap Brokers $7.2 Million Sale of 51,749-Square-Foot Retail Center in Lexington, South Carolina

by Abby Cox

Lexington, S.C. — Marcus & Millichap has brokered the $7.2 million sale of Hope Ferry Center, a 51,749-square-foot retail center located in the Columbia suburb of Lexington. Built in 2001 on 3.5 acres, Hope Ferry Center features a mix of 23 tenants including McAlister’s Deli, Learning Express Toys, Snip-Its, Blush Boutique, Tulip Boutique and Regional Finance. Harrison Creason and Andrew Margulies of Marcus & Millichap represented the seller, a local family partnership who owns and manages shopping centers throughout the Southeast. The property has been under single ownership since construction.

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Tower Plaza Commercial Center
CaliforniaInvestment salesNews

Progressive Real Estate Negotiates $7 Million Sale of Tower Plaza Commercial Center in Southern California

by Abby Cox

Yucaipa, Calif. — Progressive Real Estate Partners has negotiated the $7 million sale of Tower Plaza Commercial Center, a 39,422-square-foot retail and office property located in Yucaipa, roughly 10 miles east of San Bernardino. Built in 1995, the three-building center is fully leased to 27 tenants, including food, healthcare, beauty, finance, office and retail users. The units range in size from 240 square feet to 2,200 square feet. Greg Bedell represented the seller, a private Inland Empire-based investor and the original developer of the property, in the transaction. Tricia Cerda of …

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