Sicklerville, N.J. — First National Realty Partners (FNRP) has acquired Winslow Plaza, a 40,695-square-foot shopping center in Sicklerville, roughly 23 miles outside Philadelphia. ShopRite shadow anchors the center, which was fully leased at the time of sale. Tenants at the property include H&R Block, NovaCare, Ricciardi Brothers, King’s Liquor Outlet and The UPS Store. Colin Behr and Chris Munley of CBRE represented the seller in the transaction.
Scottsdale, Ariz. — FalconEye Ventures has acquired Scottsdale Quarter, a 755,000-square-foot mixed-use development located in Scottsdale, roughly 13 miles outside Phoenix. As part of the acquisition, FalconEye plans to implement a $100 million capital improvement program for the property. The program will focus on tenant curation, infrastructure enhancements and experiential retail concepts designed to differentiate the property. Implementation is scheduled to begin in late 2025, with phased execution designed to minimize operational disruption to existing tenants. FalconEye has retained Vestar to be a strategic partner and oversee operations at the property. …
Seattle — JLL Capital Markets has facilitated the $35.4 million sale of Admiral Junction, a 67,992-square-foot shopping center located in West Seattle. A 60,876-square-foot Safeway anchors the center, which comprises 82 percent of the property. The remaining 7,116 square feet is dedicated to additional retail tenants including Menchie’s Frozen Yogurt and Verizon Wireless. Daniel Tyner, Geoff Tranchina, Gleb Lvovich and Zach Koucos of JLL’s Investment Sales and Advisory team represented the buyer, Silver Star Ventures, in the transaction.
Conway, S.C. — Legacy Realty Group Advisors LLC has arranged the sale of University Shoppes, a 66,004-square-foot shopping center located in Conway, approximately 15 miles outside Myrtle Beach. Situated near Coastal Carolina University and Conway Medical Center, the center is anchored by Food Lion. Additional tenants at the property include Family Dollar, Beach Wine and Spirits, Papa Johns Pizza, Eggs Up Grill, Spice C Noodle, Conway Nutrition and Ala Mario’s Pizza. The property also features an outparcel that houses Chipotle Mexican Grill. Jacob Baruch and Jonah Warshaw of Legacy Realty …
Los Angeles — Progressive Real Estate Partners has signed leases with five tenants at Bixby Hacienda Plaza, a 135,000-square-foot retail center located in the Los Angeles suburb of Hacienda Heights. US Art Academy, Prime Taekwondo Center and Sumi Lashes are already open at the center. Later this year, Japanese retailer MINISO will open a 5,930-square-foot store on a 10-year lease, while PG Noodle will open in early 2026. Paul Su of Progressive represented the Cherng Family Trust in the lease negotiations, while James Rodriguez of Colliers represented MINISO in the transaction. …
Omaha, Neb. — Locally-based Investors Realty has negotiated the $14.5 million sale of Plaza North Shopping Center, a 203,250-square-foot shopping center located in Omaha. Baker’s Supermarket anchors the property, which was 92 percent leased at the time of sale. Additional tenants include Fowling Warehouse, Altitude Trampoline Park, Planet Fitness and Archwell Health. Ember Grummons of Investors Realty represented the seller, an entity doing business as Plaza North Station LLC. Sam Seelenfreund of Cleeman Realty Group represented the buyer, Sky Capital Group, in the transaction.
Springfield, Va. — PREIT has received $150 million in financing to recapitalize Springfield Town Center, a mixed-use redevelopment of the former Springfield Mall in Northern Virginia, roughly 14 miles outside Washington, D.C. The regional shopping center features 1.4 million square feet of retail space, including a 32,000-square-foot LEGO Discovery Center that opened in 2023. Other tenants include Build-A-Bear, Burger King, Chuy’s, Dave & Buster’s, Dick’s Sporting Goods, Finish Line, Five Below, H&M, Hot Topic, JC Penney, LA Fitness, Macy’s, Maggiano’s, Nordstrom Rack, Regal Cinema, Sephora, Toys “R” Us and Target. Goldman …
Pompano Beach, Fla. — A partnership between Stiles and FCA Partners has completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 10 miles north of Ft. Lauderdale. A new Publix Supermarket — which opened June 26 — anchors the center. Hawkins Construction served as the project’s general contractor, while Dunphy Development provided additional development and construction management services. First Horizon Bank provided financing for both the acquisition and redevelopment. Redevelopment of the site featured ground-up construction of the new Publix, along with upgrades to the property’s exterior, …
Dulles, Va. — Dallas-based PINSTACK, a dining and entertainment destination, will open a 56,000-square-foot venue within the 424-acre mixed used development of Kincora in Dulles, roughly 32 miles west of Washington, D.C. The venue will feature a full-service restaurant and bar, bowling lanes, an arcade, rock wall, high-ropes course, interactive games and simulator technology, bumper cars and private event spaces. PINSTACK is scheduled to open in 2026.
Austintown, Ohio — Cooper Commercial Investment Group has facilitated the $1.6 million sale of Falcon Commons, an 8,446-square-foot retail strip center located at 4774 Mahoning Ave. in Austintown. The five-building property was 80 percent leased to tenants including Subway and Little Caesars Pizza at the time of sale. Dan Cooper of Cooper Commercial’s Cleveland office represented the seller, a Central Ohio-based private investment group. The buyer is based in Kentucky.
