Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare has acquired six retail properties totaling 45,996 square feet across three states. The properties are located in Fayetteville and Salisbury in North Carolina; Vero Beach, Fort Myers and Fort Lauderdale in Florida; and Noblesville, Illinois. All but one of the properties are anchored by a Starbucks Coffee drive-thru location. The portfolio is currently 84 percent occupied.
After several years of positive absorption, single-tenant retail space demand has dwindled in the first half of 2025, according to Marcus & Millichap’s 2025 Single-Tenant Net-Lease Retail Analysis. Store closures and tariff-related price pressures, along with a weakening labor market, have impacted leasing efforts, with vacancy growing roughly 21 million square feet during the six-month interval; however, food-related tenants are playing a large role in maintaining stability in the market. The first eight months of 2025 demonstrated that core retail sales rose 4.9 percent when compared to the same period …
Stamford, Conn. — Zelco Properties & Development, along with a real estate private equity firm and an operating partner focused on retail real estate, have acquired a 153,000-square-foot Whole Foods Market-anchored shopping center located at 110 High Ridge Road in Stamford. The purchase price was $62 million, as reported by CT Insider. The first floor of the property is fully occupied by Whole Foods, while the second level offers 24,000 square feet of available space adjacent to Saks OFF 5TH. The third floor comprises an additional 50,000 square feet. Charter Realty …
Frisco, Texas — Whitestone REIT has purchased World Cup Plaza, a 90,391-square-foot retail center in Frisco. Developed in 2007, the property comprises a mix of retailers and restaurants including Blue Goose Cantina, The Green Gator, The NOW Massage, Hikari Sushi & Grill, Lemma Coffee Roasters, Rotate Bar & Kitchen, Frisco Soccer Association and Wells Fargo Bank. World Cup Plaza is also situated adjacent to Toyota Stadium, a 21,000-seat stadium is home to FC Dallas, the Frisco-based professional soccer team. The stadium is currently undergoing a $182 million renovation and will serve …
San Diego — CBRE has arranged the ground lease sale of La Plaza La Jolla, a multi-tenant retail property located at 7863-7877 Girard Ave. within La Jolla Village in San Diego. A private family office acquired the property from La Plaza Investment for $10.2 million. Built in 1986 and renovated in 2015, the 28,866-square-foot property is fully leased to a mix of restaurant, boutique and experiential tenants. Michael Peterson, Reg Kobzi and Jimmy Slusher of CBRE represented the seller in the transaction.
Beaumont, Calif. and Phoenix — TriPost Capital Partners has acquired a stake in a two-property, grocery-anchored retail portfolio, in partnership with existing owner Brixton Capital LLC. The first property, Marketplace Beaumont in Beaumont, California, totals 177,000 square feet and is 99 percent occupied. Aldi anchors the center, which includes a mix of other tenants including Ross, HomeGoods and Best Buy. The second property, Palmilla Center in Phoenix, encompasses 104,000 square feet and is shadow anchored by Fry’s Food and Drug. The center is 99 percent leased to retailers such as OfficeMax, …
Terrell, Texas — Main Square Development has announced that the company has received approval from the Terrell City Council for the development of Terra Nova, a new $3 billion master-planned community. Situated roughly 30 miles east of Dallas, the development will feature 1,200 multifamily units and a 48-acre mixed-use district, as well as 3,600 single-family homes. The mixed-use component of the development will include 200,000 square feet of shops, restaurants and offices anchored by a main square. Terra Nova will also feature 145 acres of parks and trails, including 27 …
Watertown, Mass. — JLL Capital Markets has arranged $83 million in financing for the acquisition of 550 Arsenal Street, a 260,867-square-foot shopping center located in the Boston suburb of Watertown. Anchored by Target, 550 Arsenal Street is situated adjacent to Arsenal Yards, a roughly 1 million-square-foot mixed-use development. Additional tenants include Best Buy, the Massachusetts Registry of Motor Vehicles and Chase Bank. Henry Schaffer, Andrew Gray, Sam Wiesman and Joe Marinaro of JLL arranged the fixed-rate loan through Wells Fargo on behalf of the borrower, National Development.
Lithia Springs, Ga. — Columbia Properties has acquired Village at Westfork, a 75,947-square-foot, grocery-anchored shopping center located in Lithia Springs, roughly 20 miles west of downtown Atlanta, for $14.2 million. Built in 1994, Village at Westfork comprises 12 tenant suites and was fully leased at the time of sale. A 54,322-square-foot Kroger anchors the property, which also houses JPMorgan Chase, The UPS Store, H&R Block and Cricket Wireless. Jim Hamilton, Brad Buchanan, Andrew Kahn and Charlie Merrigan of JLL represented the seller, KPR Centers, in the transaction.
Key Biscayne, Fla. — Ocean Bank has provided $16 million for the refinancing of Food Fair Shopping Center, a 23,793-square-foot retail center located off the coast of Miami on Key Biscayne Island. Originally built in 1965 on 1.7 acres, the property is anchored by CVS Pharmacy. Other tenants include Sir Pizza and a dry cleaner. T. George Harduvel of Ocean Bank arranged the loan.