Columbia, S.C. — The Palomar Group has arranged the sale of Arcadia Lakes, a 36,884-square-foot retail center located in Columbia for $3.2 million. Originally built in 1986, Arcadia Lakes was 75 percent occupied at the time of sale to a mix of tenants including a laundromat, cell phone store, beauty store and a Rent-A-Center. The Palomar Group represented the private seller. The buyer was a private investor.
Havertown, Pa. — CBRE has arranged the sale of Quarry Center, a 222,512-square-foot shopping center located in Havertown, approximately nine miles west of Philadelphia. The property sold for more than $80 million, as reported by the Philadelphia Business Journal. Giant Food and Lowe’s Home Improvement anchor the property, which was fully leased at the time of sale. Additional tenants include an Xfinity Store by Comcast, Panera Bread and Chipotle Mexican Grill. Quarry Center was originally built in 2013 on 31 acres. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith …
Lexington, S.C. — Marcus & Millichap has brokered the $7.2 million sale of Hope Ferry Center, a 51,749-square-foot retail center located in the Columbia suburb of Lexington. Built in 2001 on 3.5 acres, Hope Ferry Center features a mix of 23 tenants including McAlister’s Deli, Learning Express Toys, Snip-Its, Blush Boutique, Tulip Boutique and Regional Finance. Harrison Creason and Andrew Margulies of Marcus & Millichap represented the seller, a local family partnership who owns and manages shopping centers throughout the Southeast. The property has been under single ownership since construction.
Yucaipa, Calif. — Progressive Real Estate Partners has negotiated the $7 million sale of Tower Plaza Commercial Center, a 39,422-square-foot retail and office property located in Yucaipa, roughly 10 miles east of San Bernardino. Built in 1995, the three-building center is fully leased to 27 tenants, including food, healthcare, beauty, finance, office and retail users. The units range in size from 240 square feet to 2,200 square feet. Greg Bedell represented the seller, a private Inland Empire-based investor and the original developer of the property, in the transaction. Tricia Cerda of …
Chicago — Pegasus, in cooperation with ParaSell Inc., has arranged the $3.2 million sale of Chatham Plaza, a fully occupied, four-tenant retail strip center positioned within Chatham Market in Chicago. Tenants include Athletico, H&R Block and The UPS Store. The property totals 9,610 square feet, and the weighted average lease term is six years. Katherine Weaver of Pegasus represented the seller, a private fund based in Chicago. The buyer was a Texas-based private fund. The sales price represented a cap rate of 8.5 percent.
Live Oak, Texas — Dick’s House of Sport has opened a new 100,000-square-foot store at Live Oak Town Center, a mixed-use center under development in Live Oak, roughly 15 miles northeast of San Antonio. Dick’s House of Sport will anchor the property, along with a 300,000-square-foot IKEA and a 79,681-square-foot Floor & Décor store. David Nicolson and Michael Schoenbrun of Dallas-based Weitzman — the developer of Live Oak Town Center — handled lease negotiations. Upon completion of the development, Live Oak Town Center will total more than 800,000 square feet …
San Diego — CEG Capital Partners has acquired Shops at Madison Place, a 53,294-square-foot retail property located in San Diego, for $23 million. The property was 93 percent leased to a variety of long-standing tenants at the time of sale including Golf Bar, Victory MMA & Fitness, STP Bar and Grill and CosmoProf. Michael Peterson, Reg Kobzi and Rachel Parsons of CBRE represented the seller, an entity doing business as The Shops at Madison Place LLC, in the deal.
Lockport, N.Y. — Cleeman Realty Group has arranged the sale of a net-leased, single-tenant retail property located in Lockport, approximately 22 miles north of Buffalo. Tops Friendly Markets occupies the 55,000-square-foot building, which is situated on 5.6 acres. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented both the buyer and seller in the transaction.
Los Angeles — Institutional Property Advisors (IPA) has brokered the sale of Echo Park Village, a 21,876-square-foot retail center located in the Los Angeles neighborhood of Echo Park. The buyer is Optimus Properties LLC. Built in 1921 and renovated in 2019, tenants at the property include Gra Pizzeria, Clark Street Bread, One Down Dog yoga studio, Butchr Bar, The Strength Shoppe, Henrietta and A Good Used Book. Echo Park Village was 78 percent leased at the time of sale. IPA represented the seller.
Fort Worth, Texas — Partners Capital, the investment platform of Partners Real Estate, has completed the renovation of Westcliff Shopping Center, a 134,750-square-foot grocery-anchored, neighborhood shopping center located near Texas Christian University (TCU) in Fort Worth. The revitalization of the center’s 22,000-square-foot façade included modern updates, while also restoring its original character to honor North Texas’ architectural style. Partners Capital originally acquired Westcliff Shopping Center in late 2023 as the first property in its Opportunity Fund V. The renovation began in December 2024, which featured the preservation, cleaning and refinishing of …