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Pointe Plaza
Grocery-anchoredIllinoisInvestment salesNews

KPR Centers Acquires 195,000-Square-Foot Shopping Center in Suburban Chicago for $40 Million

by Abby Cox

Niles, Ill. — New York City-based KPR Centers has acquired Pointe Plaza, a 195,000-square-foot shopping center located in Niles, roughly 15 miles north of downtown Chicago, for $40 million. A Fresh Farms grocery store anchors the property, which was 94 percent leased at the time of sale. Other tenants include Ross Dress for Less, dd’s Discounts, Daiso, America’s Best Contacts & Eyeglasses, Bath & Body Works, Crumbl Cookies and Verizon Wireless, along with multiple free-standing outparcels such as Chick-fil-A, Walgreens and Wells Fargo. Richard Frolik, Christian Williams and George Good …

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Cordova Village
CaliforniaGrocery-anchoredInvestment salesNews

JLL Negotiates $20.3 Million Sale of Cordova Village in Metro Sacramento

by Abby Cox

Rancho Cordova, Calif. — JLL Capital Markets has negotiated the $20.3 million sale of Cordova Village, a 60,617-square-foot Safeway-anchored retail center in Rancho Cordova, roughly 13 miles east of downtown Sacramento. The property features three single-tenant buildings, which were fully leased at the time of sale to tenants including Safeway, Safeway Fuel Station and Bank of America. Cordova Village was built in 2001 on 7.2 acres. Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL’s Investment Sales and Advisory team represented the seller, McNellis Partners, in the transaction. The buyer was an undisclosed …

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Rialto Village
CaliforniaGrocery-anchoredInvestment salesNews

NewMark Merrill Cos. Sells 92,000-Square-Foot Grocery Anchored Shopping Center in Southern California

by Abby Cox

Rialto, Calif. — NewMark Merrill Cos. has sold Rialto Village, a 92,000-square-foot shopping center located in the Inland Empire city of Rialto. NewMark Merrill — which developed and constructed the center — will continue to manage the property on behalf of the buyer, Langdon Street Capital. Chris Renard of Commercial Realty Consultants arranged acquisition financing for the deal. Reza Etedali, Ramez Barsoum and Aaron Bettencourt of REZA Investment Group represented NewMark Merrill and Langdon Street Capital, while Sandy Sigal, James Patton, Brad Pearl and Sandra Kist of NewMark Merrill oversaw the transaction. …

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Investment salesKansasMissouriNews

LANE4, MD Management Acquire 421,546-Square-Foot Retail Portfolio in Metro Kansas City

by Abby Cox

Kansas City, Mo. and Overland Park, Kan. — A group of private investors led by LANE4 Property Group has acquired three Kansas City-area shopping centers totaling 421,546 square feet previously owned by MD Management. LANE4 initiated the transaction and structured a recapitalization that allowed some of MD’s investors to remain in the partnership while other owners were able to sell their interests. The portfolio includes Metro North Square in Kansas City, Oak Barry Center in Kansas City and West Park Shopping Center in Overland Park. The properties have been owned …

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Starbucks Coffee
CaliforniaInvestment salesNews

Hanley Investment Group Brokers $4.3 Million Sale of Single-Tenant Retail Property in Southern California

by Abby Cox

Azusa, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant retail property in Azusa, approximately 27 miles northeast of downtown Los Angeles. Los Angeles-based California Icon LLC sold the property to Glendale, California-based MTSA Properties for $4.3 million. Starbucks Coffee occupies the 3,800-square-foot building on a new long-term absolute triple-net lease. The building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. Bill Asher …

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Walmart_Portfolio
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 34-Property Walmart-Anchored Retail Portfolio

by Abby Cox

Dallas — Marcus & Millichap has brokered the sale of 34 Walmart-anchored and shadow anchored retail centers. The centers span 13 states, including Alabama, Arizona, Colorado, Indiana, Iowa, Kentucky, Louisiana, Michigan, Mississippi, Ohio, Oklahoma, Tennessee and Texas. Philip Levy of Marcus & Millichap represented the buyer, MRP Capital Group, a St. Louis-based private equity firm that is the largest single owner of Walmart shadow-anchored shopping centers in the country. State brokers of record include Eddie Greenhalgh (Ala.), Ryan Sarbinoff (Ariz.), Adam Lewis (Colo.), Josh Caruana (Ind.), Jon Ruzicka (Iowa), Grant …

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Del Taco
CaliforniaCompany newsInvestment salesNewsRestaurants

Jack in the Box to Sell Del Taco for $115 Million

by Abby Cox

San Diego — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The …

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Investment salesMassachusettsNews

Reports: National Development Buys Watertown Mall in Metro Boston for $100 Million 

by Abby Cox

Watertown, Mass. — National Development has purchased Watertown Mall, a 260,867-square-foot shopping center located about six miles northwest of Boston, with plans to enhance the property and continue its operation as a retail destination, as confirmed in a statement by the regional owner-operator. According to reports from multiple publications, including Axios and the Boston Business Journal, the sales price was approximately $100 million, and the purchase represents a split from an original plan to repurpose the property to support life sciences usage. Best Buy and Target are the current anchors of Watertown Mall. Alexandria …

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Belleview Shopping Center
Grocery-anchoredInvestment salesLouisianaNews

Legacy Realty Group Negotiates Sale of Belleview Shopping Center in Metro Baton Rouge, Louisiana

by Abby Cox

Plaquemine, La. — Legacy Realty Group Advisors has negotiated the sale of Belleview Shopping Center, an 84,146-square-foot shopping center located in Plaquemine, roughly 14 miles south of Baton Rouge. Rouses Supermarkets anchors the property. Additional tenants include Dollar General, CitiTrends, Hibbett Sports and AT&T. Belleview Shopping Center was built in 1992 on 7.5 acres. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction, while Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller.

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345 Union Blvd.
Investment salesNew JerseyNews

Marcus & Millichap Brokers $2.2 Million Sale of Two-Tenant Retail Property in Totowa, New Jersey

by Abby Cox

Totowa, N.J. — Marcus & Millichap has brokered the sale of a two-tenant retail property located in Totowa for $2.2 million. Built in 1970, the 4,950-square-foot property is fully occupied by Elite Spine & Sports Care of Totowa and Brooklyn Bagels. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, a local investor, in the transaction.

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