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CaliforniaGrocery-anchoredInvestment salesNews

Hanley Brokers $20.8 Million Sale of Five Shopping Center Outparcels in Riverside, California

by Hayden Spiess

Riverside, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $20.8 million sale of five outparcels at Citrus Landing, a shopping center located in Riverside. Stater Bros. anchors the center, which was fully leased at the time of the transaction. Together, the five properties total 25,916 square feet. Tenants at the pad and outparcel buildings include Chick-fil-A, Quick Quack Car Wash, Arrowhead Credit Union, Panda Express, Café Bottega and Pacific Dental. Kevin Fryman and Ed Hanley of Hanley represented the seller, a private investor, in the transaction. Art Flores …

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Investment salesMassachusettsNews

Atlantic Capital Partners Arranges Sale of 79,299-Square-Foot Retail Property in Metro Boston

by Hayden Spiess

Malden, Mass. —Atlantic Capital Partners has arranged the $26.2 million sale of a single-tenant retail property located in the Boston suburb of Malden. Stop & Shop grocery store occupies the building, which totals 79,299 square feet and is situated with proximity to the Malden Center MBTA station. Justin Smith, Chris Peterson, Sam Koonce and Danielle Donovan of Atlantic Capital Partners represented the seller in the transaction and procured the buyer.  

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Grocery-anchoredInvestment salesNewsSouth Carolina

Zapolski Real Estate Acquires 18,035-Square-Foot Retail Center in Myrtle Beach, South Carolina

by Hayden Spiess

Myrtle Beach, S.C. — An affiliate of Zapolski Real Estate doing business as Prince Creek Investments LLC has acquired Prince Creek Village, an 18,035-square-foot retail center located in Myrtle Beach. Publix anchors the property, which was fully occupied at the time of sale. An entity doing business as MHC Prince Creek Village Owner LLC, a subsidiary of MHComemercial Real Estate Fund, sold the property for $6.4 million. Tom Kolarcyzk and Andrew Jomantas of JLL Capital Markets represented the seller in the transaction. 

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Esplanade-Aventura_Aventura-Fla
FloridaLeasingNews

Eight New Tenants Sign Leases at Esplanade at Aventura in South Florida

by Hayden Spiess

Aventura, Fla. — Eight new tenants have signed leases at Esplanade at Aventura, a retail development located in Aventura in south Florida. Together, the new leases total 22,213 square feet. The LEGO Store, Fit2Run, Pure Barre and STK Steakhouse are now open at the property, and If So, The Salty and Hästens are scheduled to open this winter. Seritage Growth Properties is the landlord. 

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GeorgiaGrocery-anchoredInvestment salesNews

Greenberg Gibbons Purchases Shopping Center in Tucker, Georgia for $17.3 Million

by Hayden Spiess

Tucker, Ga. — Greenberg Gibbons has acquired Northlake Square, a retail center located in Tucker, for $17.3 million, marking the company’s entrance into the Georgia market. Built in 1988, the property totals 82,578 square feet. Tenants at the center, which was 98 percent leased at the time of sale, include Aldi and Best Buy. Greenberg Gibbons purchased Northlake Square through its investment vehicle Greenberg Gibbons Real Estate Income Fund I. 

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Investment salesNewsTennessee

TSCG Negotiates Sale of 65,900-Square-Foot Retail Center in Memphis, Tennessee 

by Hayden Spiess

Memphis, Tenn. — The Shopping Center Group (TSCG) has negotiated the sale of Houston Levee Galleria, a 65,900-square-foot retail center in Memphis. Built in 2006, the property was 94 percent leased at the time of sale. Anthony Blanco and Lynn De Marco of TSCG represented the seller, a limited liability company, in the transaction. 

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CaliforniaInvestment salesNews

Hanley Arranges Sale of 15,000-Square-Foot Retail Pad in Fresno, California

by Hayden Spiess

Fresno, Calif. — Hanley Investment Group Real Estate Advisors has brokered the sale of the Shops at Broadway Faire, a multi-tenant retail pad located in Fresno. Tenants at the property, which is situated on an outparcel to a grocery-anchored shopping center, include Red Robin, FedEx, Conroy’s Flowers, Liquor 4U and OneMain Financial. Eric Wohl and CJ Kiehler of Hanley represented the seller, a New York-based investment trust, in the transaction. A local private investor acquired the pad. 

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Mercer On One
LeasingNew JerseyNews

Four New Tenants Open at Mercer on One in New Jersey

by Hayden Spiess

Lawrenceville, N.J. — Four new tenants are opening at Mercer on One, a retail development located in Lawrenceville, roughly 40 miles outside Philadelphia. Bloomingdale’s the Outlet Store, Crate & Barrel Outlet and J. Crew Factory are now open at the property, occupying 18,494; 23,446; and 6,100 square feet, respectively. Sephora is also scheduled to open a store at the development on Nov. 15. The landlord, Federal Realty Investment Trust, completed a rebranding of the 551,000-square-foot property, formerly Mercer Mall, in October 2023. 

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DevelopmentFinanceGeorgiaMixed-useNews

Toro Development Obtains Construction Financing for $560 Million Medley Mixed-Use Development in Metro Atlanta

by Hayden Spiess

Johns Creek, Ga. — Toro Development Co. has obtained construction financing for Medley, a $560 million mixed-use project in the Atlanta suburb of Johns Creek. Toro plans to break ground on the 43-acre development in December, with the opening scheduled for late 2026. The financing includes an undisclosed amount of equity from private equity firm Ascentris, as well as a $158 million construction loan from Banco Inbursa. Upon completion, Medley will feature 150,000 square feet of retail, restaurant and entertainment space; a 175-room boutique hotel; 110,000 square feet of office space; …

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FinanceMontanaNews

Wood Investments Cos. Secures $20.3 Million Refinancing for Shopping Center in Helena, Montana

by Hayden Spiess

Helena, Mont. — Wood Investments Cos. has secured a $20.3 million permanent loan for the refinancing of Helena Skyway Regional Shopping Center in Helena. Wells Fargo provided the financing. Tenants at the property, which totals 164,121 square feet, include T.J. Maxx, Ulta Beauty and Hobby Lobby. Sierra and Chick-fil-A also recently signed leases at the center and are scheduled to open this November and at the end of 2025, respectively. Wood Investments acquired the property, which is now fully leased, in September 2022. 

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