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The Shoppes at River Forest
Investment salesNewsVirginia

Prudent Growth Partners Sells 30,070-Square-Foot Retail Center in Suburban Richmond for $8.9 Million

by Abby Cox

Chester, Va. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold The Shoppes at River Forest, a 30,070-square-foot retail strip center located in Chester, a suburb of Richmond. The purchase price was $8.9 million. Originally constructed in 2007 on roughly 3.7 acres, the property was 95 percent leased at the time of sale to 12 tenants including GameStop, Sweet Frog, State Farm and the U.S. Marine Corps. Catharine Spangler of Cushman & Wakefield | Thalhimer’s Capital Markets Group represented the seller in the transaction.

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Philip Voorhees
Company newsNews

Philip Voorhees to Join BISON Partners After 25-Year Career at CBRE

by Abby Cox

Irvine, Calif. — Philip Voorhees will join BISON Partners, a real estate operating company focused on retail properties, following his departure from CBRE at the end of the year after a 25-year tenure. Voorhees currently serves as vice chairman in CBRE’s Retail Capital Markets division, where his retail investment teams have completed more than 1,080 transactions totaling over $15 billion in value. Launched in 2022 by Brad Rable and Wil Smith, BISON Partners was established as a strategic venture to acquire and reposition retail shopping centers. The firm recently expanded its …

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Brighton Mills
Grocery-anchoredInvestment salesMassachusettsNews

CBRE Arranges Sale of 91,000-Square-Foot Grocery-Anchored Center in Boston

by Abby Cox

Boston — CBRE has arranged the sale of Brighton Mills, a 91,000-square-foot grocery-anchored retail center situated in the Boston neighborhood of Brighton. Urban Edge Partners acquired the property for $39 million from Harvard University. New England supermarket chain Star Market anchors Brighton Mills, which features a mix of additional tenants such as Petco, Spring Shabu-Shabu, Bank of America and McDonald’s. Nat Heald, Jordana Roet, Connor Scott and Scott Dragos of CBRE’s National Retail Partners team procured the buyer and represented the seller in the transaction.

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Glenridge Springs
GeorgiaInvestment salesMixed-useNews

Westwood Financial Acquires Glenridge Springs in Metro Atlanta

by Abby Cox

Sandy Springs, Ga. — Westwood Financial has acquired Glenridge Springs, a mixed-use development located in the Atlanta suburb of Sandy Springs. The acquisition features 20,000 square feet of ground-floor retail, 168 luxury apartment units and 80,000 square feet of on-site office space. Tenants at the property, which was 91 percent occupied at the time of sale, include QDOBA, Firehouse Subs, Blue Moon Pizza, Sushi Nami, Taziki’s Mediterranean, DaVinci’s Donuts, Venus Nail Lounge and Beauty Enhanced. Westwood Financial owns several centers in the metro Atlanta area, including Glenwood Park, Decatur Crossing …

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Tower Pavilions
ColoradoInvestment salesNews

Thompson Ranch Development Sells Tower Pavilions in Metro Denver for $5.3 Million

by Abby Cox

Aurora, Colo. — Thompson Ranch Development has sold Tower Pavilions, an 11,029-square-foot retail center located in the Denver suburb of Aurora, for $5.3 million. The property was fully leased at the time of sale to eight tenants including Jersey Mike’s, European Wax Center, Sport Clips and Tide Cleaners. Jason Schmidt and Austin Snedden of JLL’s Investment Sales and Advisory team represented the seller in the transaction.

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FloridaIllinoisInvestment salesNewsNorth Carolina

CenterSquare Acquires 45,996-Square-Foot Retail Portfolio Across Three States

by Abby Cox

Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare has acquired six retail properties totaling 45,996 square feet across three states. The properties are located in Fayetteville and Salisbury in North Carolina; Vero Beach, Fort Myers and Fort Lauderdale in Florida; and Noblesville, Illinois. All but one of the properties are anchored by a Starbucks Coffee drive-thru location. The portfolio is currently 84 percent occupied.

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NewsRetail Insight

Marcus & Millichap’s Single-Tenant Net-Lease Retail Analysis: Food-Related Retailers Are Driving Demand

by Abby Cox

After several years of positive absorption, single-tenant retail space demand has dwindled in the first half of 2025, according to Marcus & Millichap’s 2025 Single-Tenant Net-Lease Retail Analysis. Store closures and tariff-related price pressures, along with a weakening labor market, have impacted leasing efforts, with vacancy growing roughly 21 million square feet during the six-month interval; however, food-related tenants are playing a large role in maintaining stability in the market. The first eight months of 2025 demonstrated that core retail sales rose 4.9 percent when compared to the same period …

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Whole Foods Market
ConnecticutGrocery-anchoredInvestment salesNews

Zelco Properties, Partners Acquire Whole Foods Market-Anchored Property in Stamford, Connecticut

by Abby Cox

Stamford, Conn. — Zelco Properties & Development, along with a real estate private equity firm and an operating partner focused on retail real estate, have acquired a 153,000-square-foot Whole Foods Market-anchored shopping center located at 110 High Ridge Road in Stamford. The purchase price was $62 million, as reported by CT Insider. The first floor of the property is fully occupied by Whole Foods, while the second level offers 24,000 square feet of available space adjacent to Saks OFF 5TH. The third floor comprises an additional 50,000 square feet. Charter Realty …

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World Cup Plaza
Investment salesNewsTexas

Whitestone REIT Buys World Cup Plaza in Frisco, Texas

by Abby Cox

Frisco, Texas — Whitestone REIT has purchased World Cup Plaza, a 90,391-square-foot retail center in Frisco. Developed in 2007, the property comprises a mix of retailers and restaurants including Blue Goose Cantina, The Green Gator, The NOW Massage, Hikari Sushi & Grill, Lemma Coffee Roasters, Rotate Bar & Kitchen, Frisco Soccer Association and Wells Fargo Bank. World Cup Plaza is also situated adjacent to Toyota Stadium, a 21,000-seat stadium is home to FC Dallas, the Frisco-based professional soccer team. The stadium is currently undergoing a $182 million renovation and will serve …

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La Plaza La Jolla
CaliforniaInvestment salesNews

CBRE Brokers $10.2 Million Sale of La Plaza La Jolla in San Diego

by Abby Cox

San Diego — CBRE has arranged the ground lease sale of La Plaza La Jolla, a multi-tenant retail property located at 7863-7877 Girard Ave. within La Jolla Village in San Diego. A private family office acquired the property from La Plaza Investment for $10.2 million. Built in 1986 and renovated in 2015, the 28,866-square-foot property is fully leased to a mix of restaurant, boutique and experiential tenants. Michael Peterson, Reg Kobzi and Jimmy Slusher of CBRE represented the seller in the transaction.

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