San Antonio — The Sembler Co. and Forge Capital Partners have acquired Lone Oak Shopping Center, a 104,485-square-foot retail center located in San Antonio. The partnership purchased the property for an undisclosed price through its Forge Real Estate Partners V (FREP) investment fund. The retail center — which was fully leased at the time of sale — is anchored by an H-E-B grocery store. Additional tenants at the property include Citi Trends, Hibbett Sports, The Smile Center, H&R Block, Metro by T-Mobile, Little Caesars and Ace Cash Express. Sembler Co. …
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Panama City, Fla. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Built in 2023, the center is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. Shops at Bay City Point is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a …
Horvath & Tremblay Brokers $5.2 Million Sale of Shopping Center in Manchester, New Hampshire
Manchester, N.H. — Horvath & Tremblay has arranged the $5.2 million sale of South Willow Shops, a 9,869-square-foot retail center located in Manchester, approximately 18 miles south of Concord. Originally built in 1988, the property is fully leased to four tenants including Chipotle Mexican Grill, Mattress Firm, Hannoush Jewelers and The Great Greek Mediterranean Grill. All tenants at the center operate on net leases with scheduled rent increases. Bob Horvath, Todd Tremblay and Aaron Huntley of Horvath & Tremblay represented the seller and procured the buyer in the transaction.
West Chester Township, Ohio — A partnership between Sansone Group and Clous Road Partners has broken ground on Village North, a 90,000-square-foot retail project in West Chester Township, approximately 17 miles north of Cincinnati. Upon completion, the 12.6-acre development will feature five buildings and be anchored by a 40,000-square-foot Whole Foods Market. Buffalo Construction is serving as the general contractor, and Cushman & Wakefield will manage leasing for the project. Village North is scheduled to open in 2026.
Clifton, N.J. — Five new tenants have signed leases to join The Promenade Shops at Clifton, a 160,000-square-foot shopping center located in Clifton, roughly 10 miles west of New York City. Sephora, J. Alexander’s, Paris Baguette and VIO Med Spa have already opened at the property, with Ann Taylor scheduled to open a factory outlet at the center in October 2025. Additionally, four existing tenants at the center — Chicos, LA Fitness, PNC Bank and CityMD — have extended their leases. The shopping center — which opened in 2008 — …
CrownPoint Brokers $7.4 Million Sale of Single-Tenant Retail Property in Melbourne, Florida
Melbourne, Fla. — CrownPoint Partners has brokered the $7.4 million sale of a newly constructed, 22,686-square-foot single-tenant retail property in Melbourne. Tractor Supply Co. occupies the building — which was built in 2022 — and features an expanded lawn and garden center, as well as an on-site pet wash station. The property is net leased, with more than 13 years remaining on the corporate-guaranteed lease. Julius Swolsky and Shannon Bona of CrownPoint Partners represented both the seller, developer Primax Properties LLC, and the buyer, Nice Realty South LLC, in the …
Marcus & Millichap Arranges $17 Million Refinancing for Retail Portfolio in Metro Washington, D.C.
Silver Spring, Md. and Fairfax, Va. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $17 million loan for the refinancing of a nine-property retail portfolio located in Silver Spring, Maryland, and Fairfax, Virginia. The properties — which total roughly 71,000 square feet — include multi-tenant retail strip centers, single-tenant retail properties and single-tenant restaurants. Jared Cassidy of MMCC’s Washington, D.C. office secured the five-year loan through a local bank. The financing carries a 12-month adjustable rate, 25-year amortization schedule and a 55 percent loan-to-value ratio.
Cronheim Mortgage Facilitates $31 Million Financing for Shopping Center in Philadelphia Suburb
Burlington, N.J. — Cronheim Mortgage has facilitated a $31 million financing for Liberty Square Center, a 358,000-square-foot shopping center located in the Philadelphia suburb of Burlington. An affiliate of National Realty and Development Corp. is the borrower. The 10-year loan features a 30-year amortization period and a step-down prepayment structure. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim secured the financing through a life insurance company on behalf of the borrower. Liberty Square Center is anchored by a Walmart Supercenter. Additional tenants at the property, which was 99.5 percent …
Scottsdale, Ariz. — Vestar has signed leases with 10 new tenants at The Promenade Scottsdale, a 1-million-square-foot retail center located in the Phoenix suburb of Scottsdale. Retail and restaurant concepts including Fan Outfitters, J. Crew, Pvolve and Kura Sushi are now open at the center. IKEA, Sugar Sugar, The Wallpaper Co., DXL and Pella Windows are also scheduled to open at the center before the end of the year. Additionally, existing tenant Cox has expanded its space at the property to occupy an additional 3,852 square feet. Vestar manages the …
Douglasville, Ga. — TSCG has brokered the sale of Douglasville Day Centre, a 25,300-square-foot shopping center located in the Atlanta suburb of Douglasville. The center — which was originally built in 2005 — was fully leased at the time of sale. Tenants at the property include Starbucks Coffee, Verizon Wireless, Orangetheory Fitness, Tropical Smoothie Café and Shane’s Rib Shack. The center also features four separate outparcels — McDonald’s, Panda Express, Texas Roadhouse and Carrabba’s Italian Grill — that were not included in the sale. Anthony Blanco, Mallory Silva and Serge …