Matawan, N.J. — Marcus & Millichap has brokered the $3 million sale of Matawan Mall, a shopping center located in Matawan, approximately 27 miles outside Newark. Originally developed in the 1980s, the 20,665-square-foot property comprises 11 tenants and is anchored by Dunkin’ Donuts. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller, Burpat Holdings, in the transaction. Marcus & Millichap also procured the buyer, a local private investor.
Jacksonville, Fla. — Kimco Realty has acquired The Markets at Town Center, a 254,000-square-foot shopping mall located in Jacksonville, for $108 million. Sprouts Farmers Market anchors the property, which was built in 2008. Other tenants at the center, which was 97 percent leased at the time of sale, include Ulta Beauty, Cooper’s Hawk Winery & Restaurant, Five Below, REI, J. Crew, Ballard Designs, Nordstrom Rack, DXL Big & Tall, Gen Korean BBQ House and Chipotle Mexican Grill. Kimco acquired the property through its Structured Investment Program, which provides mezzanine financing …
Short Pump, Va. — Wafra Inc. has sold Short Pump Station, a 91,369-square-foot shopping center in Short Pump, located roughly 10 miles northwest of Richmond. Nuveen Real Estate acquired the property for nearly $55 million, making the center the investor’s second acquisition in the Richmond metro area. Situated on 147 acres, the retail development is anchored by Trader Joe’s. Other tenants at the property include Ulta Beauty and Petco. John Owendoff of Cushman & Wakefield, along with Catharine Spangler of Cushman & Wakefield | Thalhimer, represented Wafra in the transaction. …
Goose Creek, S.C. — Marcus & Millichap has arranged the $8 million sale of Harbour Lake Plaza, a 62,198-square-foot retail center located in Goose Creek, roughly 20 miles outside Charleston. Food Lion anchors the center, which occupies 51 percent of the property. The center was 97 percent leased at the time of sale to tenants including Rent-A-Center, Cricket Wireless and H&R Block. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a private investor, in the transaction. Ani Paulson and Allyssa Paragano of The AP Group procured …
Cranberry Township, Pa. — Supermarket chain Wegmans Food Markets Inc. has announced plans to open a new store in Cranberry Township, roughly 21 miles outside Pittsburgh. This marks the chain’s first location in metro Pittsburg. Designed and constructed by Sippel Development Co., the115,000-square-foot store will feature a bakery, seafood department, meat, produce, deli and cheese options and a selection of wine and beer. Situated on 13 acres, the new store will be a part of the larger Cranberry Springs mixed-use development. Wegmans currently operates 111 stores along the East Coast.
Dallas — Food-and-beverage concept CRAFT Restaurant & Beer Market has announced plans to open its first U.S. location in the Preston Center commercial district of Dallas. Occupying a 10,500-square-foot space, the venue will feature a 360-degree bar with more than 100 beers on tap, cocktails, wine and a food menu. The restaurant, which is scheduled to open in early 2026, will also include a 5,250-square-foot rooftop patio with a full bar, booth seating, greenery and a games area. CRAFT currently operates nine restaurants throughout Canada.
Johns Creek, Ga. — Toro Development Company (TDC) has broken ground on Medley, a $560 million mixed-use project in Johns Creek, approximately 27 miles north of Atlanta. Upon completion, the 43-acre development will feature 180,000 square feet of retail, restaurant and entertainment space, 900 residences — with a mix of townhomes and multifamily units — and 110,000 square feet of office space. The property will also feature a 25,000-square-foot plaza and 175-key hotel. The grand opening is scheduled for Oct. 29, 2026. Retailers at Medley will include Fadó Irish Pub, …
Thousand Oaks, Calif. — Marathon Asset Management has provided a $164 million mortgage loan for the acquisition of The Oaks, a shopping mall located in Thousand Oaks, roughly 38 miles west of Los Angeles. Stockdale Capital Partners is the borrower. Nordstrom, Dick’s Sporting Goods and AMC Theatres anchor the 1.2 million-square-foot property, which is situated on 85 acres. Other tenants at the center include Apple, Anthropologie, Zara, H&M and Arhaus. Joseph Griffin of Marathon originated the loan. Greg Stampley and Jessica Henning of Eastdil Secured arranged the financing on behalf …
Winter Haven, Fla. — Atlantic Capital Partners (ACP) has arranged the $8.2 million sale of Winter Haven Citi Centre in Winter Haven, roughly 47 miles southwest of Orlando. Belk and Staples anchor the shopping center, which comprises 185,705 square feet situated on 16.2 acres. The property was 51 percent leased at the time of sale. Fred Victor, Justin Smith, Sam Koonce, Chris Peterson, Teddy Driscoll, Greg Godino, Ross Waters and Matt Austin of ACP represented the undisclosed seller in the transaction. BSD Capital was the buyer.
Edgewater, Colo. — CentrePoint Properties has acquired Edgewater Public Market, a 76,000-square-foot retail center located in Edgewater, roughly five miles outside downtown Denver. Opened in 2019 within a building formerly occupied by King Soopers, the center comprises a food hall and 17 retail tenants, as well as three additional buildings leased to tenants including Shake Shack, Syrup, Veterinary Emergency Group and Adelita’s Cocina y Cantina. LCP Development, an affiliate of LCP Management, was the developer and seller.
