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CaliforniaFinanceNews

Marathon Asset Management Provides $164 Million Acquisition Financing for Shopping Mall in Thousand Oaks, California

by Abby Cox

Thousand Oaks, Calif. — Marathon Asset Management has provided a $164 million mortgage loan for the acquisition of The Oaks, a shopping mall located in Thousand Oaks, roughly 38 miles west of Los Angeles. Stockdale Capital Partners is the borrower. Nordstrom, Dick’s Sporting Goods and AMC Theatres anchor the 1.2 million-square-foot property, which is situated on 85 acres. Other tenants at the center include Apple, Anthropologie, Zara, H&M and Arhaus. Joseph Griffin of Marathon originated the loan. Greg Stampley and Jessica Henning of Eastdil Secured arranged the financing on behalf …

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Winter Haven Citi Centre
FloridaInvestment salesNews

Atlantic Capital Arranges $8.2 Million Sale of Shopping Center in Winter Haven, Florida

by Abby Cox

Winter Haven, Fla. — Atlantic Capital Partners (ACP) has arranged the $8.2 million sale of Winter Haven Citi Centre in Winter Haven, roughly 47 miles southwest of Orlando. Belk and Staples anchor the shopping center, which comprises 185,705 square feet situated on 16.2 acres. The property was 51 percent leased at the time of sale. Fred Victor, Justin Smith, Sam Koonce, Chris Peterson, Teddy Driscoll, Greg Godino, Ross Waters and Matt Austin of ACP represented the undisclosed seller in the transaction. BSD Capital was the buyer. 

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Edgewater Public Market
ColoradoInvestment salesNews

CentrePoint Acquires 76,000-Square-Foot Retail Center in Metro Denver

by Abby Cox

Edgewater, Colo. — CentrePoint Properties has acquired Edgewater Public Market, a 76,000-square-foot retail center located in Edgewater, roughly five miles outside downtown Denver. Opened in 2019 within a building formerly occupied by King Soopers, the center comprises a food hall and 17 retail tenants, as well as three additional buildings leased to tenants including Shake Shack, Syrup, Veterinary Emergency Group and Adelita’s Cocina y Cantina. LCP Development, an affiliate of LCP Management, was the developer and seller.

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Brunswick Shopping Center
Grocery-anchoredLeasingNew JerseyNews

Ace Pickleball Club to Open at Brunswick Shopping Center in North Brunswick, New Jersey

by Abby Cox

North Brunswick, N.J. — Ace Pickleball Club has announced plans to open a venue at Brunswick Shopping Center in North Brunswick. Levin Management Corp. (LMC) manages and leases the center, which totals 288,000 square feet. Fred Younkin of LMC negotiated the lease on behalf of the landlord, and Marta Villa of CBRE represented the tenant in the lease negotiations. Ace Pickleball Club will occupy a 26,500-square-foot space adjacent to Lidl at the center. Other tenants at the property include LA Fitness, Dollar Tree, Sally Beauty, McDonald’s, Sherwin Williams and Tropical …

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The Orchards
ColoradoGrocery-anchoredInvestment salesNews

Sterling Acquires 159,272-Square-Foot Shopping Center in Metro Denver

by Abby Cox

Greenwood Village, Colo. — Sterling Organization has acquired The Orchards, a 159,272-square-foot shopping center located in Greenwood Village, roughly 10 miles south of Denver. A 78,000-square-foot King Soopers store anchors the property. Sterling purchased the center on behalf of its $267 million Sterling United Properties II LP (SUP II) fund. SUP II’s portfolio now includes approximately 2 million square feet across 16 properties.

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Waldorf Park
Investment salesMarylandNews

SRS Arranges Sale of 35,935-Square-Foot Retail Property in Waldorf, Maryland

by Abby Cox

Waldorf, Md. — SRS Real Estate Partners has arranged the $6.3 million sale of The Shoppes at Waldorf Park, a retail property situated within the larger Waldorf Park shopping center in Waldorf. Starbucks Coffee anchors the 8,484-square-foot property, which was built in 2022. Other tenants at the site include Crumbl Cookies, Jersey Mike’s and Aspen Dental. Andrew Fallon, Rick Fernandez, Ed Laycox and Philip Wellde Jr. of SRS represented the seller, Republic Land Development, in the transaction. TD Bank provided acquisition financing on behalf of the Maryland-based buyer.

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Investment salesNewsTexas

Headwall Investments Purchases 15,182-Square-Foot Retail Center in Sugar Land, Texas

by Abby Cox

Sugar Land, Texas — Headwall Investments has acquired Old Mill Retail Center, a 15,182-square-foot retail center located in Sugar Land. Tenants at the property include Pepperoni’s Pizza, Primera Professional Pharmacy, MTea & Coffee and Floors for Living. This marks Headwall’s second property in metro Houston and sixteenth in the state. Headwall’s portfolio now comprises more than 584,000 square feet of retail space with over 175 tenant spaces.

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FloridaNews

Floor & Décor Opens 78,000-Square-Foot Store in Venice, Florida

by Abby Cox

Venice, Fla. — Floor & Décor Holdings Inc. (FND) has opened a new warehouse store in Venice, marking its 33rd property in the state. The store spans 78,000 square feet. FND operates more than 240 warehouse-format stores and five design studios — which offer assortments of hard-surface flooring, decorative accessories, wall tile and installation materials — across 38 states.

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JCPenney
Company newsNewsOperationsTexas

JCPenney, SPARC Merge to Form Catalyst Brands

by Abby Cox

Plano, Texas — JCPenney and SPARC Group have announced plans to merge, forming Catalyst Brands. Catalyst Brands launches with 1,800 store locations, 60,000 employees, more than $9 billion of revenue and $1 billion of liquidity. JCPenney and SPARC Group have created a joint venture in an all-equity transaction to form the combined organization, with Simon Property Group, Brookfield Corp., Authentic Brands Group and Shein as shareholders. The combined portfolio features six retail banners — the SPARC Group’s Aéropostale, Brooks Brothers, Eddie Bauer, Lucky Brand and Nautica and JCPenney. Marc Rosen, …

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Bridgepointe Shopping Center
CaliforniaInvestment salesNews

JLL Brokers $127 Million Sale of Shopping Center in San Mateo, California

by Abby Cox

San Mateo, Calif. — JLL Capital Markets has brokered the $127 million sale of Bridgepointe Shopping Center in San Mateo, roughly 20 miles south of San Francisco. Originally developed in 1988 and renovated in 2023, the 231,700-square-foot property spans 23.7 acres. Tenants at the center, which was fully leased at the time of sale, include Ross Dress for Less, Marshalls, Nordstrom Rack, Total Wine & More, Chick-fil-A, Five Below and The Container Store. Eric Kathrein, Daniel Tyner, Geoff Tranchina, Greg Lvovich, Warren McClean and Danny Finkle of JLL Capital Markets …

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