Brentwood, Tenn. — Conshohocken, Pennsylvania-based CenterSquare has sold Brentwood Corners, a 22,268-square-foot retail center located in Brentwood, approximately 11 miles south of downtown Nashville. GBT Realty Corp. purchased the center for $10.4 million, as reported by the Nashville Business Journal. Built in 1988 and renovated in 2023, Brentwood Corners was 100 percent leased at the time of sale to tenants including Serrato’s Steakhouse, Jefferson’s Restaurant, Iron Tribe Fitness and the newly opened 100 Pizza. CenterSquare originally acquired Brentwood Corners in late 2022 at 83 percent occupancy.
Elk Grove, Calif. — Los Angeles-based private investment company Bershon Realty Co. LP has acquired The Shops at Laguna Reserve, a 33,308-square-foot shopping center located in Elk Grove, approximately 15 miles south of Sacramento. The purchase price was $19.2 million. The Shops at Laguna Reserve features six pad buildings, along with a Safeway that shadow anchors the property. Safeway was not included in the transaction. Other tenants at the center — which was fully leased at the time of sale — include Starbucks Coffee, Pacific Dental, Bank of America and Round …
Parsippany, N.J. — Marcus & Millichap has arranged the $18.5 million sale of Baldwin Shopping Center, a 45,135-square-foot retail center located in the Northern New Jersey community of Parsippany, for $18.5 million. Built in 1970 and renovated in 2012, Balwin Shopping Center was fully occupied at the time of sale. Tenants include Walgreens, Concentra, Enterprise Rent-A-Car and State Farm. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer in the transaction. Bill Schlossman of Castle Real Estate Services was the listing agent …
Hurst, Texas — JLL has negotiated a 20,000-square-foot lease for Vellix Adventure at Mayfair Village, a 230,778-square-foot shopping center located in Hurst, a suburb of Dallas. Michael Williams of JLL represented Vellix Adventure in lease negotiations, while Ashley Selers of Phillips Edison & Co. represented the landlord. This location will serve as the entertainment company’s flagship storefront and will feature a mix of indoor attractions such as trampolines, ropes courses and virtual reality experiences. Vellix Adventure’s grand opening is November 1. Tom Thumb anchors Mayfair Village, while additional tenants at …
Chicago — CBRE has arranged five new retail leases for QDOBA Mexican Eats in the suburbs of Chicago. The locations are in Vernon Hills, Wheaton, Downers Grove, Bloomingdale and Elmhurst. Phillip Golding of CBRE represented the fast-casual restaurant. The 2,000-square-foot location at 700 N. Milwaukee Ave. in Vernon Hills is within The Marketplace at Vernon Hills, a retail center owned by Kimco Realty. Danada Square West in Wheaton is a grocery-anchored center owned by DLC. The 2,000-square-foot location in Downers Grove is within a property owned by Vic Mehta. LFI …
Hillside, Ill. — JLL Capital Markets has arranged the sale of Hillside Town Center, a 160,330-square-foot open-air retail center located in Hillside, roughly 15 miles west of Chicago. Target shadow anchors Hillside Town Center, which spans six buildings and was 99 percent leased at the time of sale. Other tenants include HomeGoods, Ross Dress for Less, Michaels, Petco and Planet Fitness, who recently signed a new 10-year lease. Michael Nieder and Brian Page of JLL’s Investment Sales and Advisory team represented the seller, Hartford, Connecticut-based Hutensky Capital Partners, in the transaction. …
Gaylord, Mich. — SRS Real Estate Partners has brokered the sale of the Shops of Edelweiss Village, a 52,857-square-foot retail property located in Gaylord, for $7.6 million. Built in 2004 on nearly 13 acres, Dollar Tree anchors the center, which was 78 percent occupied at the time of sale. Additional tenants include Pet Supplies Plus, Kay Jewelers, AT&T and Sally Beauty. Matthew Mousavi and Patrick Luther of SRS represented the seller, a Michigan-based family partnership. Kevin Jappaya and David Jappaya of KJ Commercial Real Estate Advisors represented the buyer, a Michigan-based group …
Grayson, Ga. — West Palm Beach, Florida-based FrostPoint Capital has acquired Olde Towne Grayson, a 13,896-square-foot retail strip center in Grayson, a northeast suburb of Atlanta in Gwinnett County. The property, which FrostPoint is rebranding as Grayson Square, was fully leased at the time of sale to tenants including AutoZone, Lendmark Financial, Little Caesars Pizza, JB’s Barbershop and Katie’s Sports Bar & Grill. Marc Irvin and Matthew Welch of Marcus & Millichap brokered the transaction. The seller and sales price were not disclosed.
Burlington, Mass. — Three new tenants have signed leases to join Wayside, a 193,000-square-foot shopping mall located in the Boston suburb of Burlington. Diamonds & Pearls by David’s Bridal is already open at the property. Golf Galaxy will open a 16,000-square-foot venue in mid-October, while contemporary Japanese restaurant Hinoki will open in early 2026. Wayside is anchored by L.L. Bean and features more than 30 shops, services and restaurants including West Elm, Talbots, Loft, Eileen Fisher, The Capital Grille, Seasons 52, Starbucks Coffee, Potbelly Sandwich Works and The Treasury. The Wilder …
Miami — The City of Miami’s Urban Development Review Board has officially approved the master plan for Midtown Park, a $2 billion mixed-use development. A joint venture between Rosso Development, Midtown Development and Proper Hospitality is developing the project, a construction timeline for which has not yet been announced. Plans for the two-phase, 1.2 million-square-foot project currently call for 924 residential units, 60,000 square feet of office space and more than 120,000 square feet of retail and restaurant space. Additionally, the development will feature two public plazas, a network of pedestrian-oriented …