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9420-Scranton-Rd-San-Diego-CA
CaliforniaInvestment salesNet leaseNews

SRS Real Estate Partners Brokers $8.1 Million Sale of Planet Fitness-Occupied Retail Property in San Diego

by Katie Sloan

San Diego — SRS Real Estate Partners has arranged the sale of single-tenant retail building located at 9420 Scranton Road in San Diego. A Southern California-based retail property owner and operator sold the property to a Southern California-based family partnership for $8.1 million in an all-cash transaction. Planet Fitness occupies the 17,000-square-foot building, which was built in 1986 and renovated in 2020. Matthew Mousavi and Patrick Luther of SRS’ National Net Lease group represented the seller and buyer in the deal. 

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Market-by-Macys_Suwanee
GeorgiaLeasingNews

Macy’s Debuts 30,000-Square-Foot Market by Macy’s Store in Suwanee, Georgia

by Katie Sloan

Suwanee, Ga. — Macy’s has opened its “off-mall” store concept, Market by Macy’s, in the metro Atlanta area. The 30,000-square-foot store is located within Johns Creek Town Center at 3630 Peachtree Parkway in Suwanee, a northeast suburb of Atlanta in Gwinnett County. The store — the third Market by Macy’s in the Atlanta area — includes a rotating installation of apparel called “Trend Village,” a Toys ‘R’ Us store-within-a-store and home décor and cosmetics departments. By the end of the year, Macy’s plans to expand Market by Macy’s to eight total …

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La-Centerra
Company newsIllinoisNewsTennessee

JLL, Poag Shopping Centers Enter Partnership to Acquire, Redevelop Mixed-Use Assets

by Katie Sloan

Chicago and Memphis Tenn. — Chicago-based JLL has entered into a strategic partnership with Memphis, Tennessee-based Poag Shopping Centers to acquire and redevelop mixed-use assets. Poag will provide development and redevelopment services for JLL-managed centers across the U.S., while JLL will provide management and operational services to Poag’s 10 open-air lifestyle centers. Poag will partner with JLL on its existing pipeline of redevelopment work and intends to grow this platform as more malls and open-air centers are revamped for today’s changing retail environment. Poag will also work with JLL to answer …

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1770-S-Harbor-Blvd-Anaheim-CA
CaliforniaContent PartnersFaris Lee InvestmentsInvestment salesNews

Faris Lee Investments Negotiates $19.5 Million Acquisition of Anaheim Resort Centre Near Disneyland

by Katie Sloan

Anaheim, Calif. — Faris Lee Investments has negotiated the sale of Anaheim Resort Centre, a retail property located within the Disneyland Resort District in Anaheim. An Irvine, California-based family office acquired the center from an undisclosed seller for $19.5 million. Located on the corner of Harbor Boulevard and Katella Avenue, Anaheim Resort Centre features 10,000 square feet of retail space that nine tenants fully occupy on a triple-net lease basis. Nick Miller and Shaun Riley of Faris Lee Investments represented the buyer in the transaction.

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ConnecticutInvestment salesNews

O,R&L Commercial Arranges $18.9 Million Sale of Retail Center in Branford, Connecticut

by Katie Sloan

Branford, Conn. — O,R&L Commercial has arranged the $18.9 million sale of Shoreline Plaza, a 77,037-square-foot retail center in the southern coastal Connecticut city of Branford. Tenants include Coastal Wine & Spirits, Staples, Shoreline Prime Meats & Deli and InShape Fitness. Frank Hird of O,R&L Commercial represented the seller, A&A Properties, in the transaction, and procured the buyer, an entity doing business as Executive Two Hundred LLC.

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ivy-walk
GeorgiaInvestment salesNews

South Coast Commercial Acquires Ivy Walk in Suburban Atlanta for $18.5 Million

by Katie Sloan

Smyrna, Ga. — South Coast Commercial has acquired Ivy Walk, a 42,499-square-foot neighborhood retail center located in the Atlanta suburb of Smyrna, for $18.5 million. Built in 2004, the property was 91 percent occupied at the time of sale by tenants including Muss & Turner’s, South City Kitchen, First Watch, Natural Body Spa and Children’s Healthcare of Atlanta. The center is located at the intersection of Atlanta Road and Cumberland Parkway, roughly 16 miles northwest of Atlanta. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL Capital Markets represented the …

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Lynnwood-Crossroads-Lynnwood-WA
Investment salesNewsWashington

Sterling Realty Sells Lynnwood Crossroads Shopping Center Located Outside Seattle for $45 Million

by Katie Sloan

Lynnwood, Wash. — Sterling Realty Organization has sold Lynnwood Crossroads, a grocery-anchored shopping center located roughly 16 miles north of Seattle in Lynnwood, for $45 million. Pete Bethea, Glenn Rudy and Rob Ippolito of Newmark represented the buyer, Sakioka Farms, in the all-cash 1031 exchange transaction. Billy Sleeth and Paul Sleeth, also of Newmark, represented the seller. The 103,141-square-foot property was fully occupied at the time of sale by tenants including Sprouts Farmers Market, LA Fitness, Starbucks Coffee, Jersey Mike’s Subs, Five Guys, The Joint Chiropractic, Great Clips and Qdoba.

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Osceola-Village_Publix_Kissimmee
FloridaInvestment salesNews

Publix Super Markets Acquires Osceola Village Shopping Center in Suburban Orlando for $36.1 Million

by Katie Sloan

Kissimmee, Fla. — Publix Super Markets has purchased Osceola Village, a 121,445-square-foot shopping center located at 3040 Dyer Blvd. in Kissimmee, a suburb of Orlando. East Coast Acquisitions sold the Publix-anchored property for $36.1 million. Brad Peterson and Whitaker Leonhardt of JLL represented the seller in the transaction and procured the buyer. Built in 2008 and renovated in 2022, Osceola Village was fully leased at the time of sale to tenants including Metro Diner, Insight Credit Union, Orlando Health, DaVita Dialysis and Goodwill, which recently entered a new 15-year lease. 

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Kohls_Aldi_Cavenders
Investment salesNebraskaNews

Investors Realty Arranges $21.4 Million Sale of Retail Property in Omaha, Nebraska

by Katie Sloan

Omaha, Neb. — Investors Realty has arranged the $21.4 million sale of a 123,664-square-foot retail property in Omaha. Located at the intersection of 72nd and Pacific streets, the asset is home to Aldi, Cavender’s and Kohl’s. Ember Grummons of Investors Realty represented the seller, NewStreet Properties. Jason Taylor of Equity Management Group represented the buyer, Caller Properties.

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Takoma-Langley-Crossroads_Takoma-Park_Washington-DC
Investment salesMarylandNews

Cushman & Wakefield Brokers Sale of 125,245-Square-Foot Shopping Center in Metro Washington, D.C.

by Katie Sloan

Takoma Park, Md. — Cushman & Wakefield has brokered the sale of Takoma Langley Crossroads, a 125,245-square-foot, grocery-anchored shopping center in Takoma Park, roughly six miles north of Washington, D.C. Granite Canyon Partners purchased the grocery-anchored center for an undisclosed price. Cushman & Wakefield’s John Owendoff represented the unnamed seller in the transaction. The recently renovated shopping center was nearly fully leased at the time of sale to tenants including Aldi, Walgreens, Citibank, Taco Bell and 7-Eleven. Situated on nearly 10 acres at the intersection of University Boulevard and New Hampshire …

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