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Providence-Place-Mall
Investment salesNewsRhode Island

Partnership to Acquire Providence Place Mall in Rhode Island for $133 Million

by Abby Cox

Providence, R.I. — A partnership between Syracuse, New York-based Pyramid Management Group, Paolino Properties and DW Partners has been selected to acquire Providence Place Mall, a 1.4 million-square-foot lifestyle center located in Providence, for $133 million. The sale, approved by Superior Court Judge Brian Stern, ends a year-long receivership for the 13.2-acre shopping center, which had been in default under its previous owner, Brookfield Properties. The group plans to complete a repositioning of the property that focuses on curating a stronger mix of retail, dining and entertainment, while enhancing the overall …

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Silveron-Rendering
DevelopmentMixed-useNewsTexas

Weitzman Breaks Ground on Retail Portion of Mixed-Use Development in Metro Fort Worth, Texas

by Abby Cox

Flower Mound, Texas — Weitzman has broken ground on Silveron Park, a restaurant-focused retail development located on the southeast corner of Lakeside Village Boulevard and International Parkway in Flower Mound, roughly 25 miles northeast of Fort Worth. Situated as part of a larger mixed-use development, the project’s first phase of retail will consist of 17,400 square feet of shop space, along with available drive-thru pads. Phase I is expected for completion this fall. At full buildout, Silveron Park will include 40,000 square feet of retail, 525,000 square feet of office …

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625-Southern-Artery
Investment salesMassachusettsNews

Atlantic Capital Partners Negotiates $5.2 Million Sale of 22,100-Square-Foot Retail Property in Metro Boston

by Abby Cox

Quincy, Mass. — Atlantic Capital Partners has negotiated the $5.2 million sale of 625 Southern Artery, a 22,100-square-foot retail property located in Quincy, roughly 10 miles south of downtown Boston. The retail building was fully leased at the time of sale to Goodwill and Pet Supplies Plus, with an additional licensing agreement with Artery Garden Center. Justin Smith, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller, The Davis Cos., in the transaction. The buyer was a private investor.

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3984 SW. 43rd St.
FloridaInvestment salesNews

Katz & Associates Brokers $4 Million Sale of Single-Tenant Restaurant Property in Gainesville, Florida

by Abby Cox

Gainesville, Fla. — Katz & Associates has brokered the $2.9 million ground lease sale of a single-tenant restaurant property located in Gainesville. Situated at 3984 SW. 43rd St., the 8,392-square-foot building is occupied by Texas Roadhouse. Michael Zimmerman of Katz & Associates represented the seller in the transaction. Chris Lind of Marcus & Millichap represented the buyer.

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Escondido-Gateway-Center
CaliforniaInvestment salesNews

Brixton Capital Purchases Escondido Gateway Shopping Center in Metro San Diego for $28 Million

by Abby Cox

Escondido, Calif. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, California-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at …

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cedar-plaza-cedartown
GeorgiaGrocery-anchoredInvestment salesNews

Delza Properties, CedarPlaza Partners Acquire Grocery-Anchored Retail Center in Northwest Georgia for $10.3 Million

by Abby Cox

Cedartown, Ga. — Atlanta-based Delza Properties and CedarPlaza Partners have acquired Cedar Plaza, an 83,300-square-foot retail center located in Cedartown, approximately 55 miles west of Atlanta, for $10.3 million. Situated at 720-730 N. Main St., Cedar Plaza is anchored by Kroger. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. The new owners plan to enhance the property with the potential addition of a drive-thru quick-service restaurant, along with complementary inline retail, medical and restaurant space. Mark Joines and Drew Fleming of …

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mountain-view-shopping-center
Grocery-anchoredInvestment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of Food Lion-Anchored Shopping Center in Western North Carolina for $3 Million

by Abby Cox

Hickory, N.C. — Legacy Realty Group has arranged the sale of Mountain View Shopping Center, a 43,550-square-foot shopping center located in Hickory, about 58 miles north of Charlotte. Food Lion anchors the center, which was fully leased at the time of sale. Other tenants include Hannah’s BBQ South. Built in 1988, the property spans 7 acres, according to LoopNet Inc. Jacob Baruch and Jonah Warshaw of Legacy Realty Group Advisors represented both the buyer and seller in the off-market transaction.

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devine-crossing
DevelopmentGrocery-anchoredNewsSouth Carolina

TSCG Signs Sprouts Farmers Market to Anchor Redevelopment Project in Columbia, South Carolina

by Abby Cox

Columbia, S.C. — TSCG has signed Sprouts Farmers Market to anchor Devine Crossing, a redevelopment project located in Columbia. The new 24,113-square-foot grocery store will occupy the former Piggly Wiggly site, which served the community for more than 50 years before closing in 2025. Locally based Cason Development acquired the 3.2-acre property last May. Alan Freeman of TSCG represented Sprouts Farmers Market in the lease negotiations. TSCG will also lease the remaining space at Devine Crossing. Along with Sprouts, Devine Crossing will include approximately 10,000 square feet of inline retail, as …

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Bolsa-Pacific-Westminster-CA
CaliforniaDevelopmentMixed-useNews

Shopoff Realty Breaks Ground on Westminster Mall Redevelopment Project in Orange County

by Abby Cox

Westminster, Calif. — Shopoff Realty Investment has broken ground on Bolsa Pacific at Westminster, a mixed-use redevelopment of the former Westminster Mall in Orange County. Designed by AO, the project will transform the property into an 83.3-acre downtown destination. Upon completion, Bolsa Pacific will feature 2,250 residential units, 220,000 square feet of retail and restaurant space, a 120-room hotel and more than 15 acres of publicly accessible open space. The residential component will include market-rate and affordable housing, as well as for-sale townhomes spread across five multifamily buildings. Demolition of the …

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1200 Poydras St.
Investment salesLouisianaNews

SRSA Negotiates $7.2 Million Sale of Ground-Floor Retail Condominium in New Orleans

by Abby Cox

New Orleans — Metairie, Louisiana-based SRSA Real Estate has negotiated the $7.2 million sale of a ground-floor retail condominium at 1200 Poydras St. in New Orleans near the Caesars Superdome, home of the NFL’s New Orleans Saints. Chick-fil-A and Hurts Donut anchor the 17,270-square-foot space, with a third tenant, Juicy Seafood, expected to open soon. Steve Reisig and Christopher Robertson Jr. of SRSA Real Estate represented the seller, an entity doing business as Poydras Properties II LLC, in the transaction.

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