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Neptune Plaza
Company newsDevelopmentLeasingNew JerseyNews

Azarian Realty Opens 60,212-Square-Foot Hobby Lobby in Neptune City, New Jersey

by Abby Cox

Neptune City, N.J. — A new Hobby Lobby location has opened at Neptune Plaza in Neptune City. The arts and crafts retail store spans 60,212 square feet and is the junior anchor of the shopping center. Additional tenants at the center are The UPS Store, World Class ShopRite, IHOP, Visionworks and KPOT Korean BBQ. Neptune Plaza will undergo exterior renovations including new curbing, milling and repaving. Midland Park, N.J.-based Azarian Realty is the leasing and management agent for Neptune Plaza, which is 100 percent leased.

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Taylor Square
FinanceNewsOhio

JLL Secures $43.6 Million Financing for Two Shopping Centers in Metro Columbus

by Abby Cox

Reynoldsburg and Dublin, Ohio — JLL Capital Markets has secured two loans totaling $43.6 million for the financing of shopping centers located in the Columbus suburbs of Ohio. DLC Management Corp. is the borrower. The properties include Taylor Square in Reynoldsburg and Tuttle Crossing in Dublin. Built in 2000 and renovated in 2023, Taylor Square totals 378,102 square feet. Walmart Supercenter anchors the 48.3-acre property. Other tenants at the center — which was 99.7 percent leased at the time of sale — include Marshalls, JOANN, Dollar Tree and Bath & …

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Dutch Bros Soledad
CaliforniaCompany newsInvestment salesNews

Hanley Arranges Sale of Three Dutch Bros Locations in California

by Abby Cox

Baldwin Park, Moreno Valley and Soledad, Calif. — Hanley Investment Group has arranged the sale of three new single-tenant Dutch Bros Coffee locations in California, totaling approximately $8.1 million. The properties include Dutch Bros locations in Baldwin Park, Moreno Valley and Soledad. Dutch Bros occupies each of the properties on a 15-year triple-net lease basis. The Dutch Bros in Baldwin Park sold for $3.3 million. Bill Asher and Jeff Lefko of Hanley represented the seller and developer, Evergreen Development, in the transaction. Brian Melkesian of Lee & Associates represented the …

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Bella Terra
CaliforniaCompany newsMixed-useNews

DJM Sells Stake in Bella Terra Mixed-Use Development in Huntington Beach, California

by Abby Cox

Huntington Beach, Calif. — DJM Capital Partners has sold its ownership stake of Bella Terra, a 1 million-square-foot mixed-use development in Huntington Beach. DJM has managed and co-owned the property since 2005. The property is now fully owned by PGIM Real Estate, DJM’s long-term partner in Bella Terra. Terms of the deal were not disclosed.

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Big Y World Class Market
Grocery-anchoredInvestment salesMassachusettsNews

Chozick Realty Facilitates $11.1 Million Sale of Shopping Center in Southbridge, Massachusetts

by Abby Cox

Southbridge, Mass. — Chozick Realty Inc. has facilitated the $11.1 million sale of Southbridge Fair, a 113,500-square-foot retail property located in Southbridge. Big Y World Class Market anchors the center, which was originally built on 13 acres in 1972 and renovated in 1996. The shopping center was fully leased at the time of sale. Additional tenants at the property include Advance Auto Parts, Aubuchon Hardware, McDonald’s, Family Dollar and Great Clips. Tom Boyle of Chozick Realty represented the undisclosed seller and procured the buyer in the transaction.

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Kentucky Smalls Sliders
Company newsKentuckyNewsRestaurants

Smalls Sliders Signs Four-Unit Franchise Agreement in Kentucky

by Abby Cox

Lexington, Ky. — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open four new units in Kentucky — dubbed Cans — marking its introduction to the state. Local entrepreneur Bradley Scott and his team will own and operate the restaurants. Founded in 2019, Atlanta-based Smalls Sliders currently has 350 Cans open or under development and is active across 30 states. The first of the four restaurants is scheduled to open in early 2026, according to a company representative.

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Twin Creek Shopping Center
Investment salesNebraskaNews

Investors Realty Arranges $13.6 Million Sale of Shopping Center in Bellevue, Nebraska

by Abby Cox

Bellevue, Neb. — Investors Realty has arranged the $13.6 million sale of Twin Creek Shopping Center located in the Omaha suburb of Bellevue. The center comprises eight retail properties totaling 83,085 square feet. River Village Twin Creek, LLC sold the property to Classic Street Partners, LLC. Ember Grummons of Investors Realty represented the seller in the transaction. Tim Kerrigan, Grant Kobes and Jared Simon of Investors Realty also represented the buyer.

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Taft Church Station
Investment salesNewsTennessee

Cooper Commercial Brokers $3.6 Million Sale of Shopping Center in Sparta, Tennessee

by Abby Cox

Sparta, Tenn. — Cooper Commercial Investment Group has brokered the $3.6 million sale of Taft Church Station in Sparta, located in the Nashville MSA. Built in 2004, the 18,700-square-foot shopping center was 85 percent leased at the time of sale. Tenants at the property include Fast Pace Health Urgent Care, Verizon Wireless and DaVita Dialysis. The center is shadow-anchored by Walmart. Dan Cooper of Cooper Commercial represented the seller, a Texas-based private investment group, in the transaction. The Tennessee-based buyer purchased the property with a 7.9 percent cap rate.

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FinanceMixed-useNewsNorth Carolina

JLL Facilitates $191 Million Loan for Fenton Mixed-Use Development in Cary, North Carolina

by Abby Cox

Cary, N.C. — JLL Capital Markets has facilitated a $191 million mortgage loan for Fenton, a mixed-use development located in Cary, roughly 12 miles west of downtown Raleigh. The property includes 246,000 square feet of retail space, 183,000 square feet of office space and an apartment community — The Allison at Fenton — comprising 367 multifamily units. Chip Sykes and Kelsey Bawcombe of JLL secured the loan on behalf of the borrower, a partnership between Hines, Affinius Capital and Columbia Development. New York Life Real Estate Investors provided the mortgage financing.

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Lidl US in Paramus
New JerseyNews

Lidl US to Open New Store in Paramus, New Jersey

by Abby Cox

Paramus, N.J. — Lidl Supermarket is opening a new location in Paramus. Lidl operates more than 12,000 stores and is active in 31 countries, offering customers fresh produce, meat, bakery items and household products. The German grocer, which has its US headquarters in Arlington, Virginia, emphasizes small-format stores, totaling an average of 25,000 square feet in the U.S. The new location will open February 12.

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