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Siegen Plaza
Investment salesLouisianaNews

JLL Arranges Sale of 156,441-Square-Foot Shopping Center in Baton Rouge

by Julia Sanders

Baton Rouge, La. — JLL Capital Markets has arranged the sale of Siegen Plaza, a 156,441-square-foot regional power center in Baton Rouge. Ryan Shore, Chris Gerard, Andrew Levy, Erin Lazarus and Jack Copher of JLL represented the seller, TriGate Capital LLC. Fidelis acquired the property. Siegen Plaza was 94 percent leased at the time of sale to tenants such as HomeGoods, Ross Dress for Less, Target, Petco, Five Below, Carter’s, Gamestop, Whataburger, IHOP, Olive Garden, Chick-fil-A, Jason’s Deli and GNC.

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El Gato Village
CaliforniaInvestment salesNews

Levin Johnston, Taycon Real Estate Broker $36 Million Sale of Shopping Center in Metro San Jose

by Julia Sanders

Los Gatos, Calif. — The Levin Johnston commercial real estate advisory group of Marcus & Millichap and Taycon Real Estate have arranged the $36 million sale of El Gato Village Shopping Center, a retail property situated on 3.4 acres in Los Gatos, about 10 miles from San Jose. Adam Levin of Marcus & Millichap and Marko Buljan of Taycon Real Estate represented the seller, an undisclosed family trust, and procured the buyer, a privately held real estate investment and development company, in the deal. Located at 15710 Los Gatos Blvd., …

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FloridaInvestment salesNews

CBRE Arranges Sale of 62,758-Square-Foot Center in Metro Tampa

by Julia Sanders

Spring Hill, Fla. — CBRE has arranged the sale of the Shoppes at Avalon, a 62,758-square-foot shopping center in Spring Hill, about 50 miles from Tampa. Built in 2009 at 13455 County Line Road, the property was 93 percent leased at the time of sale. The center includes seven available outparcels totaling 10.5 acres. Dennis Carson and Casey Rosen of CBRE represented the seller, a joint venture including Stiles Corp. Phillips Edison & Co. acquired the property.

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Wendy's
FloridaInvestment salesNews

SRS Brokers $2.3 Million Sale of Wendy’s-Occupied Property in Metro Tampa

by Julia Sanders

Land O’ Lakes, Fla. — SRS Real Estate Partners’ National Net Lease Group has brokered the $2.3 million sale of a newly developed, single-tenant retail property in Land O’ Lakes, about 19 miles from Tampa. William Wamble and Patrick Nutt of SRS represented the seller, an entity doing business as RS Roach LLC. The buyer was a private investor based in Wyoming. Built in 2022 and situated on 1.1 acres, the 2,500-square-foot ground-lease property has a 15-year tenant lease in place with Wendy’s.

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Elmhurst
IllinoisInvestment salesNews

Adelphia Properties Arranges Sale of 14,000-Square-Foot Former Restaurant Building in Metro Chicago

by Julia Sanders

Elmhurst, Ill. — Adelphia Properties has arranged the sale of a 14,000-square-foot former restaurant building in Elmhurst, about 20 miles west of Chicago. Arena Sports Bar & Grille formerly occupied the property, located at 630 W. Lake St., for more than 35 years. Simeon Spirrison and George Spirrison of Adelphia represented the seller, the undisclosed proprietor. A local investor purchased the property.

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The Glen
IllinoisLeasingNews

Several Tenants Sign Leases at Glen Town Center in Metro Chicago

by Julia Sanders

Glenview, Ill. — Several new tenants have signed leases to join the lineup at The Glen Town Center, a shopping center in Glenview, about 20 miles north of Chicago. Offix, a regional coworking and business solutions company, recently signed a 10-year lease for 6,200 square feet for its seventh location. Another recent lease signing was Chuck Lager America’s Tavern, which is owned by Fabio Vivani who appeared on the show “Top Chef.” Also joining the center will be Stretch Zone, a national boutique fitness company with over 40 locations nationwide. …

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LeasingMarylandNews

DSW to Open at Ellsworth Mixed-Use Project in Metro Washington, D.C.

by Julia Sanders

Silver Spring, Md. — DSW is set to open at Ellsworth Place, a 350,000-square-foot retail and entertainment development by GBT Realty Corp. in Silver Spring, about 5 miles from Washington, D.C. The retailer will open within a 17,500-square-foot space formerly occupied by Guitar Center. Construction on the property is currently underway with DSW expected to open in March. DSW joins tenants at Ellsworth Place including Burlington, Ross Dress for Less, Marshalls, Michaels, T.J. Maxx and Dave & Buster’s.

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LeasingMissouriNews

Salon Service Group Opens at Red Bridge Shopping Center in Kansas City

by Julia Sanders

Kansas City, Mo. — Salon Service Group, a wholesale salon product distributor for licensed cosmetologists, has opened within a 2,000-square-foot space at Red Bridge Shopping Center in Kansas City. Lane4 Property Group manages the center, which has welcomed 12 new tenants since its redevelopment in 2018. Salon Service Group operates 51 locations in 11 states, four of which are in metro Kansas City.

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Goldenwest
CaliforniaInvestment salesNews

JLL Negotiates $23.5 Million Sale of Goldenwest & Bolsa Shopping Center in Metro Los Angeles

by Julia Sanders

Huntington Beach, Calif. — JLL Capital Markets has arranged the sale of Goldenwest & Bolsa, a retail center located at 15031 Goldenwest St. in Huntington Beach, about 36 miles from Los Angeles. A private equity fund sold the property to a local private investor for $23.5 million. Constructed in 1974 on six acres, Goldenwest & Bolsa features 63,269 square feet of retail space. At the time of sale, the property was 95.4 percent leased. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL Retail Capital Markets represented the seller in …

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Investment salesNewsTexas

Gulf Coast Commercial Buys 189,334-Square-Foot Shopping Center in Metro Houston

by Julia Sanders

Webster, Texas — Gulf Coast Commercial Group has purchased Baybrook Passage Shopping Center, a 189,334-square-foot retail property in Webster, about 29 miles from Houston. Built on 20 acres in 2003, the property was 80 percent leased at the time of sale to tenants such as Best Buy, Staples, Memorial Hermann Urgent Care, DXL Casual Male, Mia’s Table and Torchy’s Tacos. CBRE represented the seller, Passage Realty Inc., in the transaction. The new ownership plans to implement a value-add program at Baybrook Passage.

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