Sunday, June 29, 2025
Read the Digital Magazines
Subscribe

News

CaliforniaInvestment salesNewsRetailers

Avison Young Arranges $8.1 Million Sale of Two-Building Retail Property in Hollywood, California

by Alex Tostado

Hollywood, Calif. — Avison Young has brokered the sale of a two-building retail property located in Hollywood. A New York-based family office sold the asset to a Los Angeles-based family-owned company for $8.1 million. Located at 7611-7623 Sunset Blvd., the property features a 3,725-square-foot building that was built in 1934 and an 8,843-square-foot building, which includes an outdoor patio space. At the time of sale, the asset was 63 percent occupied by five retail tenants. Chris Maling and David Maling of Avison Young represented the seller, while South Park Group …

Continue Reading
0 FacebookTwitterLinkedinEmail
Grocery-anchoredInvestment salesNewsRetailersWisconsin

Mid-America Brokers $18.1 Million Sale of Shopping Center in West Allis, Wisconsin

by Alex Tostado

West Allis, Wis. — Mid-America Real Estate Corp. has brokered the sale of West Allis Center in Wisconsin for $18.1 million. The 259,962-square-foot shopping center, built in 1964, is located along the 108th Street retail corridor, four miles southwest of downtown Milwaukee. Tenants include Pick ’n Save, Kohl’s, Marshalls, HomeGoods, BMO Harris Bank and Walgreens. Ben Wineman and Dan Rosenfeld of Mid-America represented the seller, Ohio-based Retail Value Inc. Tennessee-based GBT Realty Corp. purchased the asset.

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredNewsRetailersVirginia

Barnett Properties Breaks Ground on Publix-Anchored Shopping Center in Northern Virginia

by Alex Tostado

Stafford, Va. — Barnett Properties has broken ground on Embrey Mill Town Center, a Publix-anchored shopping center in Stafford. The property will also feature 26,500 square feet of small shop space. Carter Bank provided construction financing. Freeman Morgan Architects designed the shopping center, and VHB is the engineer. Steve Sartorio of Barnett Properties will handle leasing efforts. Barnett Properties expects to open Embrey Mill Town Center in early 2021. This Publix will join locations in Williamsburg and Fredericksburg as the only Publix stores in Virginia outside of the Richmond metro …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentIllinoisNewsRestaurants

Tropical Smoothie Cafe to Open 800th Location

by Alex Tostado

Arlington Heights, Ill. — Tropical Smoothie Cafe, a fast-casual concept known for its smoothies and tropical food, is opening its 800th location. The restaurant, located at 115 W. Rand Road in Arlington Heights, is set to open this Friday, Sept. 6. Tropical Smoothie Cafe has grown at a rapid pace this year, opening its 750th location in May. Existing franchisee Hani Halloun, along with first-time franchisees Edward Joubran and Martin Khoshaba, will own and operate the new Arlington Heights location. There are currently seven Tropical Smoothie Cafe locations in the …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNewsRetailers

Monro Mission Square Acquires 161,373-Square-Foot Shopping Center in Oceanside, California

by Alex Tostado

Oceanside, Calif. — Monro Mission Square LLC has purchased Mission Square, a shopping center located in downtown Oceanside, for an undisclosed price. Located at 1002-1064 Mission Ave. and 306-326 N. Horne St., the 161,373-square-foot property was 98 percent occupied at the time of sale to tenants including Walmart Neighborhood Market, 99 Cents Only, Auto Zone, Chase Bank and Harbor Freight Tools. Bill Barnett and Doug Hogan of Colliers International, along with Pacific Development Capital, represented the seller, Los Angeles-based Ona Mission Partners, and the buyer in the transaction. The new …

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersWashington DC

Calkain Arranges $15 Million Sale of Triple-Net-Leased CVS in D.C.

by Alex Tostado

Washington, D.C. — Calkain Cos. has arranged the $15 million sale of a triple-net-leased CVS property in Washington, D.C. The 8,754-square-foot building is located at 3323, 3325-3329 Connecticut Ave. NW, three miles north of downtown Washington, D.C. The building first served as a pharmacy in the 1950s before being converted to a CVS in 1990. Jonathan Hipp and Rick Fernandez of Calkain represented the seller, an undisclosed family trust, in the transaction. The buyer was a private investor completing a 1031 tax-deferred exchange.

Continue Reading
0 FacebookTwitterLinkedinEmail
Investment salesNewsRetailersTexas

Marcus & Millichap Brokers Sale of 8,723-Square-Foot Retail Strip Center Near Dallas

by Alex Tostado

Sachse, Texas — Marcus & Millichap has brokered the sale of Brookview Center, an 8,723-square-foot retail strip property located in Sachse, a northeastern suburb of Dallas. Philip Levy and Connor Zmolik of Marcus & Millichap represented the seller, a private investor, in the transaction. The property was built in 1985 and was fully occupied at the time of sale. All tenants are signed to triple-net leases.

Continue Reading
0 FacebookTwitterLinkedinEmail
LeasingNew YorkNewsRetailers

Cushman & Wakefield Negotiates 5,550-Square-Foot Retail Lease for Sephora in Brooklyn

by Alex Tostado

New York City — Cushman & Wakefield, has negotiated a 5,500-square-foot retail lease for French beauty product chain Sephora in downtown Brooklyn. The retail space is located within the Atlantic Terminal Mall, across from the Barclays Center. The new store is scheduled to open in October. Brandon Singer, Ian Lerner, Alan Schmerzler and Diana Boutross of Cushman & Wakefield represented the landlord, New York-based Madison International, in the lease negotiations. Virginia Pittarelli of Crown Retail Services represented Sephora.

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaDevelopmentInvestment salesNews

HP Investors, FABRIC Buy Antique Mall on State Street in Carlsbad for Redevelopment

by Alex Tostado

Carlsbad, Calif. — HP Investors and FABRIC have acquired Antique Mall on State Street, a commercial property located in downtown Carlsbad. Bill Ostrie sold the property for an undisclosed price. The team plans to redevelop and rebrand the nearly 70-year-old property as State Street Commons. Located at 2742-2742 State St., the renovated property will provide more than 22,000 square feet of retail and creative office space. The $15 million renovation will maintain the asset’s architectural integrity, character and charm, while increasing safety and providing modern upgrades to the facades, storefronts …

Continue Reading
0 FacebookTwitterLinkedinEmail
DevelopmentGrocery-anchoredMarylandNews

Giant Food Store Opens 66,730-Square-Foot Store in Metro Baltimore

by Alex Tostado

Owings Mills, Md. — Giant Food Store has opened a 66,730-square-foot store in Owings Mills, 17 miles northwest of downtown Baltimore. The new store, located at 10210 Mill Run Circle, features Giant’s Pickup service, a full pharmacy and expanded departments. Giant Food locations at 9934 Reisterstown Road and 9730 Groffs Mill Road in Owings Mills closed when the new store opened.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts