News

Ace Pickleball Club to Open at Brunswick Shopping Center in North Brunswick, New Jersey

by Abby Cox January 13, 2025

North Brunswick, N.J. — Ace Pickleball Club has announced plans to open a venue at Brunswick Shopping Center in North Brunswick. Levin Management Corp. (LMC) manages and leases the center, which totals 288,000 square feet. Fred Younkin of LMC negotiated the lease on behalf of the landlord, and Marta Villa of CBRE represented the tenant in the lease negotiations. Ace Pickleball Club will occupy a 26,500-square-foot space adjacent to Lidl at the center. Other tenants at the property include LA Fitness, Dollar Tree, Sally Beauty, McDonald’s, Sherwin Williams and Tropical …

January 13, 2025

Colorado Grocery-anchored Investment sales News

Sterling Acquires 159,272-Square-Foot Shopping Center in Metro Denver

by Abby Cox January 10, 2025

Greenwood Village, Colo. — Sterling Organization has acquired The Orchards, a 159,272-square-foot shopping center located in Greenwood Village, roughly 10 miles south of Denver. A 78,000-square-foot King Soopers store anchors the property. Sterling purchased the center on behalf of its $267 million Sterling United Properties II LP (SUP II) fund. SUP II’s portfolio now includes approximately 2 million square feet across 16 properties.

January 10, 2025

Investment sales Maryland News

SRS Arranges Sale of 35,935-Square-Foot Retail Property in Waldorf, Maryland

by Abby Cox January 10, 2025

Waldorf, Md. — SRS Real Estate Partners has arranged the $6.3 million sale of The Shoppes at Waldorf Park, a retail property situated within the larger Waldorf Park shopping center in Waldorf. Starbucks Coffee anchors the 8,484-square-foot property, which was built in 2022. Other tenants at the site include Crumbl Cookies, Jersey Mike’s and Aspen Dental. Andrew Fallon, Rick Fernandez, Ed Laycox and Philip Wellde Jr. of SRS represented the seller, Republic Land Development, in the transaction. TD Bank provided acquisition financing on behalf of the Maryland-based buyer.

January 10, 2025

Investment sales News Texas

Headwall Investments Purchases 15,182-Square-Foot Retail Center in Sugar Land, Texas

by Abby Cox January 10, 2025

Sugar Land, Texas — Headwall Investments has acquired Old Mill Retail Center, a 15,182-square-foot retail center located in Sugar Land. Tenants at the property include Pepperoni’s Pizza, Primera Professional Pharmacy, MTea & Coffee and Floors for Living. This marks Headwall’s second property in metro Houston and sixteenth in the state. Headwall’s portfolio now comprises more than 584,000 square feet of retail space with over 175 tenant spaces.

January 10, 2025

Florida News

Floor & Décor Opens 78,000-Square-Foot Store in Venice, Florida

by Abby Cox January 10, 2025

Venice, Fla. — Floor & Décor Holdings Inc. (FND) has opened a new warehouse store in Venice, marking its 33rd property in the state. The store spans 78,000 square feet. FND operates more than 240 warehouse-format stores and five design studios — which offer assortments of hard-surface flooring, decorative accessories, wall tile and installation materials — across 38 states.

January 10, 2025

Company news News Operations Texas

JCPenney, SPARC Merge to Form Catalyst Brands

by Abby Cox January 9, 2025

Plano, Texas — JCPenney and SPARC Group have announced plans to merge, forming Catalyst Brands. Catalyst Brands launches with 1,800 store locations, 60,000 employees, more than $9 billion of revenue and $1 billion of liquidity. JCPenney and SPARC Group have created a joint venture in an all-equity transaction to form the combined organization, with Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein as shareholders. The combined portfolio features six retail banners — the SPARC Group’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica and JCPenney. Marc Rosen, …

January 9, 2025

California Investment sales News

JLL Brokers $127 Million Sale of Shopping Center in San Mateo, California

by Abby Cox January 9, 2025

San Mateo, Calif. — JLL Capital Markets has brokered the $127 million sale of Bridgepointe Shopping Center in San Mateo, roughly 20 miles south of San Francisco. Originally developed in 1988 and renovated in 2023, the 231,700-square-foot property spans 23.7 acres. Tenants at the center, which was fully leased at the time of sale, include Ross Dress for Less, Marshalls, Nordstrom Rack, Total Wine & More, Chick-fil-A, Five Below and The Container Store. Eric Kathrein, Daniel Tyner, Geoff Tranchina, Greg Lvovich, Warren McClean and Danny Finkle of JLL Capital Markets …

January 9, 2025

Grocery-anchored Investment sales New Jersey News

Marcus & Millichap Facilitates $17 Million Sale of Retail Center in Park Ridge, New Jersey

by Abby Cox January 9, 2025

Park Ridge, N.J. — Marcus & Millichap has facilitated the $17 million sale of Ridgemont Shopping Center in Park Ridge, roughly 25 miles west of Newark. Lidl anchors the 71,650-square-foot retail property, which was built in 1962. Other tenants at the property, which was fully leased at the time of sale, include Staples, Chase Bank and Starbucks Coffee. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap and Bill Farkas of Jeffery Realty represented the seller and procured the buyer in the transaction.

January 9, 2025

Investment sales News North Carolina

TSCG Brokers $16.9 Million Sale of York Ridge Shopping Center in Charlotte

by Abby Cox January 9, 2025

Charlotte, N.C. — The Shopping Center Group (TSCG) has brokered the $16.9 million sale of York Ridge Shopping Center in Charlotte. Built in 1999, the 71,406-square-foot retail center was fully leased at the time of sale. Crunch Fitness anchors the property. TSCG represented the undisclosed seller in the transaction, and Ascent Real Estate Partners represented the private buyer.

January 9, 2025

Company news Georgia News Restaurants

Smalls Sliders Signs Three-Unit Franchise Agreement in Georgia

by Abby Cox January 9, 2025

Macon and Warner Robins, Ga. — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open three new units in Georgia. PAR Concepts will own and operate the restaurants, which will be located in Macon and Warner Robins. This marks PAR Concepts’ second franchise agreement with Smalls Sliders, bringing its portfolio to nine units — dubbed Cans — under development in Georgia. The first of the nine restaurants is scheduled to open early this year. Founded in 2019, Atlanta-based Smalls Sliders currently has 350 Cans open or under …

January 9, 2025

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