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Pique at Angel Stadium
CaliforniaInvestment salesNews

Vista Emerald Acquires 15,710-Square-Foot Multi-Tenant Shopping Center in Anaheim, California, for $11.3 Million

by Abby Cox

Anaheim, Calif. — Encinitas, California-based Vista Emerald has acquired Pique at Angel Stadium, a 15,710-square-foot multi-tenant retail center located in Anaheim, for $11.3 million. Formerly known as The Shops at Stadium Towers, the property was originally built in 2006 on 2.2 acres. The center was fully leased to eight tenants including 714 Tickets, Aleppo’s Kitchen, Comerica Bank, LAMILL Coffee, Lolas by MFK and Non’s Vietnamese Kitchen at the time of sale, according to LoopNet. The property also offers 150 parking spaces, 16 Tesla Superchargers and prominent pylon street signage. Lee …

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Cumberland Crossing
Investment salesKentuckyNews

Marcus & Millichap Brokers $5.9 Million Sale of Cumberland Crossing in Monticello, Kentucky

by Abby Cox

Monticello, Ky. — Marcus & Millichap has brokered the $5.9 million sale of Cumberland Crossing, a 94,366-square-foot shopping center located in Monticello. Situated on roughly 16 acres, Cumberland Crossing was 86 percent leased to tenants including Marshalls, Five Below, Farmers Home Furniture, Dollar Tree and Great Clips at the time of sale. Walmart, which has operated at the site since 2001, shadow anchors the property. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller in the transaction. Grant Fitzgerald was the firm’s broker of record in Kentucky.

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Golden Acres Shopping Center
Grocery-anchoredInvestment salesNew JerseyNews

JLL Negotiates $40 Million Sale of Golden Acres Shopping Center in Northern New Jersey

by Abby Cox

Morristown, N.J. — JLL Capital Markets has negotiated the $40 million sale of Golden Acres Shopping Center, a 219,848-square-foot retail center located in Morristown. The property is anchored by an 80,000-square-foot ShopRite that underwent renovations in 2016. Other tenants at the center include Shoppers World, Unique Thrift Store and a Wendy’s outparcel. Jose Cruz, J.B. Bruno, Kevin O’Hearn, Michael Kavaler and Joseph Lopresti of JLL’s Investment Sales and Advisory team represented the seller in the transaction. The buyer was a joint venture between Agus Holdings and TreeCo.

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Killeen Marketplace
ArkansasInvestment salesNewsTexas

Chase Properties Buys 514,983-Square-Foot Retail Portfolio Across Texas and Arkansas 

by Abby Cox

Texas and Arkansas — Beechwood, Ohio-based Chase Properties has purchased a 514,983-square-foot retail portfolio of four shopping centers located in Texas and Arkansas. The portfolio includes Southloop Crossing in Lufkin, Texas; Killeen Marketplace in Killeen, Texas; Southcenter Shopping Center in Hot Springs, Arkansas; and Massard Crossing in Fort Smith, Arkansas. Notable tenants at the properties include Ross Dress for Less, Best Buy, T.J. Maxx, Kroger and Hobby Lobby. The portfolio was 97 percent leased at the time of sale. This transaction marks the company’s entry into both states. Adam Howells, …

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Gateway Plaza
NewsSouth Carolina

Matthews Real Estate Arranges Sale of 106,062-Square-Foot Shopping Center in Sumter, South Carolina 

by Abby Cox

Sumter, S.C. — Nashville, Tennessee-based Matthews Real Estate Investment Services has arranged the sale of Gateway Plaza, a 106,062-square-foot shopping center located at 1342 Broad St. in Sumter, approximately 44 miles east of Columbia. Built in 1998 and renovated in 2020, Gateway Plaza was nearly 90 percent leased at the time of sale to a mix of tenants including T.J. Maxx, Ross Dress for Less, Ulta Beauty and Five Below. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews facilitated the transaction between the buyer, an entity doing business as Core Peckville …

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The Shops at Greenlawn
Investment salesNewsTexas

SRS Real Estate Brokers Sale of 22,970-Square-Foot Retail Center in Metro Austin

by Abby Cox

Round Rock, Texas — SRS Real Estate has brokered the sale of The Shops at Greenlawn, a 22,970-square-foot retail center located in the Austin suburb of Round Rock. Situated near Dell Technologies headquarters, The Shops at Greenlawn was 92 percent leased to nine tenants including Next Level Urgent Care, Bay Leaf Indian Restaurant, Wow Eyebrows, WiseGuys, Clearview Dental and Arepitas at the time of sale. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Capital Markets represented the seller, locally based Mathias Partners, in the transaction. The buyer was an …

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Postino WineCafe
ColoradoLeasingMixed-useNews

Eight New Tenants to Join The Orchard Town Center in Metro Denver

by Abby Cox

Westminster, Colo. — Eight new tenants have signed leases to join The Orchard Town Center, a 971,000-square-foot open-air, mixed-use regional shopping center located in Westminster, a northwestern suburb of Denver. Postino WineCafe opened a 4,000-square-foot restaurant at the property this summer, while Swing365 opened a 1,000-square-foot golfing simulator. In late 2025, Miniso will make its arrival with a nearly 6,000-square-foot boutique store near CHICA San Chen and GoGLow, which will open later this year, along with a Men’s Wearhouse. Meanwhile, P.F. Chang’s will open this fall and Texas de Brazil, an …

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Sprouts Farmers Market
FloridaGrocery-anchoredInvestment salesNewsNorth CarolinaSouth Carolina

Ram Realty Buys 600,000-Square-Foot Retail Portfolio for $200 Million 

by Abby Cox

Palm Beach Gardens, Fla. — Palm Beach Gardens, Florida-based Ram Realty Advisors has purchased a 600,000-square-foot retail portfolio of seven grocery-anchored shopping centers across the Southeast for $200 million. The portfolio includes Mainstreet at Midtown in Palm Beach Gardens, Florida; Homestead Market and Bull City Market in Durham, North Carolina; Holly Springs Crossing in Holly Springs, North Carolina; Mainstreet Village in Hilton Head Island, South Carolina; The Market at Mills Park in Orlando, Florida; and Blys in Oakland Park, Florida. The portfolio, which was 98.7 percent occupied at the time of …

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Pinecrest Center
FinanceFloridaNews

MMG Equity Secures $38 Million in Refinancing for Four Retail Centers in South Florida

by Abby Cox

Miami — Miami-based MMG Equity Partners has secured $38 million in refinancing for a four-property retail strip center portfolio located across Miami-Dade County in South Florida. The portfolio totals roughly 128,000 square feet and includes Pinecrest Center, Pinecrest Shoppes, Westlake Plaza and Naranja Plaza, which are all situated along South Dixie Highway or Bird Road. MMG originally purchased the properties between 2018 and 2020 for a combined $28.9 million. Notable tenants within the retail portfolio include Key Foods Supermarket, Sergios Restaurant, Veterinary Emergency Group (VEG), Dollar General, O’Reilly Autoparts, Mister …

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JCPenney
Company newsInvestment salesLeasingNew JerseyNews

Onyx Partners to Acquire JCPenney Retail Portfolio for $947 Million 

by Abby Cox

Jersey City, N.J. — Onyx Partners of Boston has entered into a binding purchase and sale agreement to acquire 119 JCPenney stores from Copper Property CTL Pass Through Trust, a real estate investment trust created as part of JCPenney’s 2020 Chapter 11 bankruptcy filing, for $947 million. The sale price represents roughly $8 million per store property. The portfolio, which totals nearly 16 million square feet across 34 states, is net leased to JCPenney under a long-term master lease with Penney Intermediate Holdings LLC. The all-cash sale is scheduled to …

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