Monday, April 28, 2025
Read the Digital Magazines
Subscribe

News

Retail Center
Investment salesNevadaNews

Black Lion Investment Divests of Cheyenne Plaza in Las Vegas for $6.5 Million

by Julia Sanders

Las Vegas — An affiliate of Black Lion Investment Group has completed the disposition of Cheyenne Plaza, located at the intersection of Cheyenne Avenue and Jones Boulevard in Las Vegas. The $6.5 million sale of the remaining 18,615 square feet of retail space was the culmination of Black Lion’s renovation and full lease-up of the property. The name of the buyer was not released. Current tenants include Cricket Wireless, Dotty’s sports bar, Aria Nails, La Michoacana Plus ice cream, 7 Plus Agua and Toro Taxes.

Continue Reading
0 FacebookTwitterLinkedinEmail
Autozone
Faris Lee InvestmentsInvestment salesLeasingNewsUtah

Faris Lee Arranges $1.8 Million Sale of Autozone Ground Lease in Taylorsville, Utah

by Julia Sanders

Taylorsville, Utah — Faris Lee Investments has arranged the $1.8 million sale of an Autozone ground lease in Taylorsville. Don MacLellan and Tom Chichester of Faris Lee Investments represented the seller in the transaction, a private equity fund out of Dallas. The AutoZone ground lease sold for a 4 percent cap rate with 20 years remaining on the lease. The buyer was in a 1031 exchange and closed with all cash at asking price. The Autozone property is part of The Crossroads at Taylorsville, a community center that is co-anchored …

Continue Reading
0 FacebookTwitterLinkedinEmail
Dick's Sporting Goods
DevelopmentNew YorkNews

Dick’s Sporting Goods Opens 100,000-Square-Foot House of Sport Store at Eastview Mall in Victor, New York

by Julia Sanders

Victor, N.Y. — Dick’s Sporting Goods has opened a 100,000-square-foot store known as House of Sport at Eastview Mall in Victor, located in western New York. The store features a 17,000-square-foot outdoor turf field and running track, a rock-climbing wall, batting cage, golf driving bays and a health and wellness area for customers dealing with athletic injuries. The Pittsburgh-based retailer plans to open a second House of Sport store in Knoxville, Tennessee, later this year.

Continue Reading
0 FacebookTwitterLinkedinEmail
Circle K
ArizonaCompany newsNews

Circle K to Sell 306 Convenience Stores Across the U.S., Canada

by Julia Sanders

Tempe, Ariz. — Circle K Stores Inc. has announced plans to sell 269 of its convenience stores across 29 states in the U.S. and 37 stores in Canada. The stores feature an average building size of 2,600 square feet and an average lot size of 29,500 square feet. Of the 306 locations, 122 are fee-owned and 184 are leased, while 238 properties sell fuel and 68 are convenience only. NRC Realty & Capital Advisors has been tapped to market the properties, which are being offered in packages grouped primarily by …

Continue Reading
0 FacebookTwitterLinkedinEmail
7-11
FloridaInvestment salesLeasingNews

Marcus & Millichap Arranges $11.3 Million Sale of Miami Beach Property Leased to 7-Eleven

by Julia Sanders

Miami Beach, Fla. — Marcus & Millichap has arranged the $11.3 million sale of a 4,370-square-foot retail property leased to 7-Eleven in Miami Beach. Alejandro D’Alba and Scott Sandelin of Marcus & Millichap marketed the property on behalf of the seller, an individual/personal trust known as Armando’s Service Station Inc. (dba 7/11 Store). The buyer was Power Petroleum Inc, a fuel supplier based in South Florida that distributes multiple brands. The 7-Eleven convenience store is located on 6348 Collins Ave. and has been operating at this location since 2009. The …

Continue Reading
0 FacebookTwitterLinkedinEmail
Falls Plaza
DevelopmentNewsVirginia

Federal Realty to Redevelop 144,000-Square-Foot Shopping Center in Falls Church, Virginia

by Julia Sanders

Falls Church, Va. — Federal Realty Investment Trust will soon break ground on the redevelopment of Falls Plaza, a 144,000-square-foot, grocery-anchored shopping center located at 1200 W Broad St. in Falls Church. The project will include façade renovations, new signage, landscaping, decorative lighting and the addition of multiple outdoor amenity areas. Federal Realty expects to complete the project later this year, ahead of the holiday shopping season. In addition to the renovation, the center will be renamed and rebranded as Birch & Broad. Tenant Giant Food is also set to …

Continue Reading
0 FacebookTwitterLinkedinEmail
IndianaInvestment salesNews

Black Gate Partners Acquires 24,691-Square-Foot Emerson Way Shopping Center in Indianapolis

by Julia Sanders

Indianapolis — Black Gate Partners has acquired Emerson Way Shopping Center in Indianapolis for an undisclosed price. Located at 5450-5502 Emerson Way, the shopping center spans 24,691 square feet. Dollar General and Papa John’s are the anchor tenants. Black Gate plans to add a new roof, parking lot, façade and landscaping, as well as build out the 3,000-square-foot end cap vacancy. The name of the seller was not released.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentNewsWest Virginia

Heidenberg, JV Partner to Add Mix of Uses to Potomac Marketplace in Ranson, West Virginia Following Zoning Change

by Julia Sanders

Ranson, W. Va. — A joint venture between Heidenberg Properties Group and Strategic Real Estate Partners has announced plans to add a mix of uses to Potomac Marketplace in Ranson. In March of this year, the city of Ranson Planning Commission approved the rezoning of Potomac Marketplace to allow for the creation of a dynamic, mixed-use and walkable neighborhood. The center opened in 2006 and is prominently located along Route 9. Current tenants at the property include Marshalls, The Home Depot, Kohl’s, regional grocer Weis Markets, Petco and a variety …

Continue Reading
0 FacebookTwitterLinkedinEmail
Lenox Marketplace
GeorgiaInvestment salesNews

Selig Enterprises, Pension Fund Acquire 421,000-Square-Foot Lenox Marketplace in Atlanta’s Buckhead District

by Julia Sanders

Atlanta — Atlanta-based Selig Enterprises and State Teachers Retirement System of Ohio have acquired Lenox Marketplace, a 421,000-square-foot retail center in Atlanta’s Buckhead district. Selig will oversee leasing at the center and will serve as the asset and property manager. The seller and sales price were not disclosed. Located at the intersection of Peachtree and Wieuca roads and across the street from Phipps Plaza, Lenox Marketplace spans 9.4 acres with a mix of retail and dining options. The multi-level retail center is anchored by Publix, Target, Dick’s Sporting Goods and …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts