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Esplanade at Aventura
FloridaInvestment salesNews

JLL Arranges $131 Million Sale of Esplanade at Aventura in South Florida

by Abby Cox

Aventura, Fla. — JLL has arranged the $131 million sale of Esplanade at Aventura, a 219,000-square-foot mixed-use development located in Aventura, roughly 20 miles north of Miami. Situated adjacent to Aventura Mall, the open-air development was completed in 2023. The center features several food and beverage concepts including STK, Joey’s, Amalfi Llama, North Italia, Pura Vida, Starbucks Coffee and Sweetgreen, as well as additional retail tenants such as LEGO, Anatomy Fitness, Pure Barre and One Medical. Industrial and professional service tenants occupy the property’s office space. Danny Finkle, Chris Angelone, …

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Pavilion Shopping Center
CaliforniaInvestment salesNews

Brixton Capital Sells Pavilion Shopping Center in Metro San Diego for $30.5 Million

by Abby Cox

Vista, Calif. — Brixton Capital has sold Pavilion Shopping Center, a 137,742-square-foot open-air, grocery-anchored retail center located in Vista, approximately 34 miles north of San Diego. Milan Capital Management acquired the property for $30.5 million At the time of sale, the nearly 11-acre property was 95.3 percent leased to various tenants, including North Park Produce, Skechers, Dutch Bros Coffee, Biolife Plasma Services and Dunn-Edwards Paints. The Dutch Bros drive-thru pad building was completed in February 2025. Additionally, the property underwent extensive capital improvements, including a completely renovated parking lot that was …

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Bluhawk Phase II
DevelopmentKansasMixed-useNews

PB Development Breaks Ground on Phase II of Mixed-Use Development in Suburban Kansas City

by Abby Cox

Overland Park, Kan. — PB Development has broken ground on Phase II of Bluhawk, a mixed-use development located in the Kansas City suburb of Overland Park. The second phase of the project will include 160,000 square feet of retail, entertainment and dining space situated directly north of the property’s 420,000-square-foot AdventHealth Sports Park. Phase II of the development will also include gathering spaces to host concerts, farmers markets, community activities and watch parties, and will feature additional landscaping, water features, artwork and intricate architectural details. New tenant announcements are expected in …

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Elmwood-Park
IllinoisInvestment salesNews

Greenstone Partners Brokers $5.2 Million Sale of Elmwood Commons Retail Center in Metro Chicago

by Abby Cox

Elmwood Park, Ill. — Greenstone Partners has brokered the $5.2 million sale of Elmwood Commons, a 16,840-square-foot retail center in the Chicago suburb of Elmwood Park. The property sold to an institutional investor for the full list price. Developed in 1991, the multi-tenant center has maintained near full occupancy since its construction and features a weighted average lease tenure of 15.6 years. Longstanding tenants include FedEx Office, which has occupied its space for 34 years, Wingstop (24 years), Jimmy John’s (19 years), Betty’s (12 years) and Happy Wok (11 years). …

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AlabamaInvestment salesNews

Legacy Commercial Property Acquires 55,000-Square-Foot Hunnington Center in Alabama

by Abby Cox

Huntsville, Ala. — Legacy Commercial Property, a division of Highland Ventures, has acquired Hunnington Center, a 55,000-square-foot retail property located at 11220 Memorial Parkway SW in Huntsville. The property features 10 flexibly sized units with roughly 36,000 square feet of space available for lease. Current tenants include Taziki’s Mediterranean Café, Alfa Mutual Insurance Co., Functional Chiropractic, Hunnington Pharmacy, State Farm Insurance, Mariner Finance and Advance Auto Parts. Legacy Commercial plans to renovate the exterior with a new façade, roof, signage and parking lot.

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ASI_logo
Company newsNewsOhioRetailers

American Signature Files Voluntary Petitions for Chapter 11 Bankruptcy

by Abby Cox

Columbus, Ohio — Home furnishings retailer American Signature Inc. (ASI) has filed for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware. Based in Columbus, Ohio, American Signature was founded in 1948 and is the parent company to Value City Furniture and American Signature Furniture, which have more than 120 stores open across 17 states. ASI expects to enter into a stalking horse asset purchase agreement under which, subject to court approval, ASI Purchaser LLC will acquire substantially all of the company’s assets and assume certain …

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Dix-Toledo-Southgate
Investment salesMichiganNews

Mid-America Brokers Sale of 121,184-Square-Foot Shopping Center in Metro Detroit

by Abby Cox

Southgate, Mich. — Mid-America Real Estate Corp. has brokered the sale of Dix-Toledo Shopping Center, a 121,184-square-foot shopping center located in the Detroit suburb of Southgate. The property is 92 percent leased to retailers such as TJ Maxx, Ross Dress for Less, Chuck E. Cheese, Snipes and Hook & Reel. Ben Wineman and Daniel Stern of Mid-America represented the seller, a private family, in the transaction. The buyer was a Detroit-based private investment company.

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18530 Van Buren Blvd.
CaliforniaInvestment salesNews

Progressive Real Estate Negotiates $4.6 Million Sale of Multi-Tenant Retail Building in Riverside, California

by Abby Cox

Riverside, Calif. — Progressive Real Estate Partners has negotiated the $4.6 million sale of an 8,960-square-foot multi-tenant retail building located at 18530 Van Buren Blvd. in Riverside. Built in 1996, the retail building is 90 percent leased to seven food- and service-oriented tenants including Subway, H&R Block, a barbershop and a pool supply store. The retail building is part of Orangecrest Plaza, a grocery-anchored shopping center. Orangecrest Plaza features several national tenants such as Albertsons and Petco. Greg Bedell and Trinnie Lee represented the seller, a private Orange County-based investor, in the transaction. …

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CaliforniaInvestment salesNews

JLL Arranges $12.9 Million Sale of Retail Plaza in Coachella, California

by Abby Cox

Coachella, Calif. — JLL Capital Markets has arranged the sale of Coachella Plaza, an 84,820-square-foot shopping center located at 50249 Cesar Chavez St. in Coachella. The property traded between two private investors for $12.9 million. Shadow anchored by Cardenas Markets, Coachella Plaza is home to several tenants including Planet Fitness, WSS, Absolute Dollar and Innercare. The property was fully occupied at the time of sale. Max Kinsbruner and Brian Quinn of JLL represented the seller and buyer in the transaction.

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Wesley Chapel Station
DevelopmentFloridaGrocery-anchoredNews

SJC Ventures Breaks Ground on Whole Foods-Anchored Shopping Center in Metro Tampa

by Abby Cox

Wesley Chapel, Fla. — SJC Ventures has broken ground on Wesley Chapel Station, a 75,968-square-foot shopping center in Wesley Chapel, roughly 24 miles north of Tampa. A 35,518-square-foot Whole Foods Market will anchor the center, which will be located at the corner of Bruce B Downs and Aronwood boulevards. Other committed tenants include PopUp Bagels, CAVA, Naked Farmer, Petfolk, The Tox and a nail salon. The center has approximately 15,000 square feet of available vacancy, according to SJC Ventures. Adjacent to the shopping center, the Atlanta-based firm is underway on …

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