News

Shops-of-Orland-Park

Orland Park, Ill. — Marcus & Millichap has brokered the $2.1 million sale of the Shops at Orland, a 15,886-square-foot retail strip center located at 11229 W. 143rd St. in the southern Chicago suburb of Orland Park. Built in 2003, the six-suite retail property is currently 48 percent vacant. RoccoVino’s Italian Restaurant anchors the property. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, a private investor group, and procured the buyer, a private, out-of-state 1031 buyer, in the transaction.

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Grocery-Outlet

Rancho Cucamonga, Calif. — Progressive Real Estate Partners has signed a new anchor lease at an 80,000-square-foot neighborhood center located at the intersection of Baseline Road and Archibald Avenue in Rancho Cucamonga. Grocery Outlet will occupy 21,500 square feet on a 10-year lease, bringing the retail center to full occupancy. The Grocery Outlet store is scheduled to open in the fall of 2026. Additional tenants at the center include US Bank, Dairy Queen and Savers Value Village. Paul Su of Progressive marketed the property and represented the landlord in the …

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SPP-Entertainment-Center-Tampa

Tampa, Fla. — Strategic Property Partners (SPP) has announced plans to develop an entertainment district in downtown Tampa. The district is proposed for a vacant parcel across from Benchmark International Arena, the 19,092-seat home of the NHL’s Tampa Bay Lightning NHL team. Situated on Channelside Drive between Morgan and Jefferson streets, the new district will support the broader $3 billion Water Street Tampa neighborhood. SPP plans to partner with Lightning owner Vinik Sports Group (VSG) to manage the entertainment venue, which will be privately financed. “Water Street Tampa was designed …

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wolf-ranch-tj-maxx

Georgetown and Cedar Park, Texas — A joint venture between Toronto-based Oxford Properties and Oakbrook Terrace, Illinois-based Pine Tree has acquired two grocery-anchored centers in Texas. Spanning 1 million square feet, the portfolio includes Wolf Ranch Town Center in Georgetown and Lakeline Plaza in Cedar Park. The centers, which are both 99 percent occupied, are home to several national tenants such as Target, T.J. Maxx, Best Buy and Ulta Beauty. Wolf Ranch Town Center totals 633,000 square feet and features more than 80 retailers and restaurants. Lakeline Plaza, comprises 386,000 square …

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Bison Hollow Shopping Center

Beaumont, Texas — Beaumont-based AlbaneseCormier has acquired a four-property retail portfolio totaling 714,054 square feet across three states. The properties include McGowin Park in Mobile, Alabama (374,881 square feet); Bison Hollow Shopping Center in Traverse City, Michigan (134,798 square feet); Oak Brook Square in Flint, Michigan (152,073 square feet); and an unnamed PetSmart & Dick’s-anchored shopping center in Oshkosh, Wisconsin (52,302 square feet). The portfolio comprises more than 50 tenants such as Costco, Dick’s House of Sport, HomeGoods, T.J. Maxx, Hobby Lobby, Petco, Old Navy, Skechers, Ashley Furniture and Starbucks. Ben …

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riverdale-shopping-center-utah

Riverdale, Utah — Ziff Real Estate Partners (ZRP) has acquired Riverdale Shopping Center, a 93,592-square-foot shopping center located in Riverdale, approximately 35 miles north of downtown Salt Lake City. T.J. Maxx and Ulta Beauty anchor the property, which was built in 2007, according to Loop Net Inc. JT Redd and Kip Paul of Cushman & Wakefield represented the seller. Christian Chamblee and Brooke Frey internally represented ZRP in the transaction.

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9830-9880-W-Sample-Rd

Coral Springs, Fla. — Marcus & Millichap has arranged the $7.4 million sale of a 25,905-square-foot neighborhood center located at 9830–9880 W. Sample Road in the Broward County community of Coral Springs. Situated on roughly 1.6 acres, the center is anchored by Wings Plus, and includes mix of dental, medical, education and service-oriented tenants. Douglas Mandel, Zach Levine and Cody Hershey of Marcus & Millichap marketed the property on behalf of the seller, The Geneva Group. Tarek Chbeir, also of Marcus & Millichap, along with Mandel, Levine and Hershey, procured the buyer, David …

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stadium-commons-ala

Huntsville, Ala. — Crunkleton Commercial Real Estate has signed five new retail leases for Phase I of Stadium Commons, an 18-acre mixed-use project under development in Huntsville. Ferren Boutique, Free People, Free People Movement, VSL Nail Spa and Juniper’s Kitchen will join Hattie B’s Hot Chicken, a fast-casual eatery based in Nashville that opened this December. The newest tenant additions are expected to debut on a rolling basis through May 2026. Upon completion, Stadium Commons will include more than 115,000 square feet of commercial space, 240 loft-style luxury condos and a …

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Doral-Square

Doral, Fla. — Terra has arranged the $74 million sale of Doral Square, a 150,000-square-foot lifestyle center in Doral, a western suburb of Miami. North Miami-based IMC Equity Group was the buyer. Situated at the gateway to downtown Doral, the property is anchored by Marshalls, Ross Dress for Less and UFC Gym. Additional tenants include HomeGoods, Pet Supermarket, One Medical, Laser Away, AT&T, Paradise Grills, European Wax Center, First Watch, Jersey Mike’s, Just Salad, Panda Express, Nacion Sushi, Lima Bakery, Miu’s Tea and El Toro Loco. Mark Gilbert of Cushman & Wakefield brokered the transaction. Ocean Bank …

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3055-Shasta-View-Dr-Redding-CA

Redding, Calif. — SRS Real Estate Partners has arranged the sale-leaseback of a retail property located at 3055 Shasta View Drive in Redding. North State Grocery sold the property to an undisclosed real estate investment trust for $12.8 million. Holiday Market occupies the 31,222-square-foot building on an absolute triple-net lease with 20 years remaining, including scheduled rent increases and multiple options to renew. The grocery store is part of the Holiday Marketplace that also includes Starbucks Coffee and Quick Quack Car Wash. Alexander Moore of SRS Capital Markets represented the …

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