Salisbury, Md. — SVN | Miller Commercial Real Estate has arranged the sale of a single-tenant retail property located in Salisbury. The property, which totals 13,824 square feet and features a drive-thru, was formerly occupied by Rite Aid, which vacated the site in September 2023. Tonney Insley and Ryan Finnegan of SVN | Miller represented the seller in the transaction. Christopher Zamias of CCN Real Estate represented the buyer, an undisclosed retail chain.
Hamilton Township, N.J. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Hamilton Marketplace, a 485,094-square-foot shopping center located in Hamilton Township. A 65,155-square-foot ShopRite anchors the property, which was constructed in phases beginning in the early 2000s. Other tenants at the center include Kohl’s, Ross Dress for Less, Staples, Barnes & Noble, Michaels, Old Navy, Ulta Beauty, Burlington and PetSmart. Paramount Realty acquired the property from SITE Centers for $116.5 million. Brad Nathanson and JP Colussi of IPA represented the seller in the …
Houston and Pompano Beach, Fla. — Longpoint Partners has purchased two shopping centers for a total of $45.7 million. The properties — Plaza Mexico in Houston and Palm Aire Marketplace in Pompano Beach, Florida — comprise 103,907 and 143,219 square feet, respectively. El Rancho anchors Plaza Mexico, which was 96 percent occupied at the time of sale, and El Presidente Supermarket anchors Palm Aire Marketplace, which was 90 percent leased at the time of sale. Both properties will be managed under Longpoint’s new Lena Centers brand.
Hermosa Beach, Calif. — Chartwell Real Estate Development has acquired Park Pacific Shopping Center in Hermosa Beach for $27.8 million. Tenants at the center, which totals 49,911 square feet, include Trader Joe’s, Starbucks Coffee, El Pollo Inka and Five Below. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented Chartwell in the transaction. The Bacon family, which has owned the property since 1949, was the seller. Previously the site of a car dealership, the property was converted to a shopping center in 1977.
Tampa, Fla. — SJS Realty Management has sold Fowler Plaza South, a retail center located in Tampa, for $12.6 million. Tenants at the property, which totals 57,093 square feet, include Dollar General, Champs, AT&T, Jimmy John’s, Foot Locker and Amscot. The center was 97 percent occupied at the time of sale. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller in the transaction.
Huntington, W.V. — The Cooper Commercial Investment Group has brokered the $2.7 million sale of a retail center located in Huntington. Dollar Tree anchors the property, which was sold by a private investor based in the Midwest. Adapthealth recently signed a lease at the property, which is situated directly across from the St. Mary’s Medical Center Main Campus Hospital.
Boynton Beach, Fla. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $31 million sale of Village Square at Golf, a 135,133-square-foot shopping center located in Boynton Beach. KC Market anchors the property, which was built in 1983 and renovated in 2012. Other tenants at the center, which was 93 percent occupied at the time of sale, include Enterprise Rent-A-Car, Quest Diagnostics, The UPS Store, Boynton Quality Medical Center and Anthony’s Ladies’ Apparel. Kirk Olson and Drew Kristol of IPA represented the seller, a publicly traded …
Las Vegas — CommCap Advisors has arranged a $23 million bridge loan for the acquisition of Renaissance III, a retail center in Las Vegas. An entity doing business as Aspen NV LLC is the borrower. Renaissance III totals 225,748 square feet across 39 retail units, and the borrower plans to implement renovations at the property. Symetra Financial provided the loan, which features a three-year, interest-only term
Providence, R.I. — Marsella Development Corp. is underway on Track 15, an 18,000-square-foot food hall situated within the historic Union Station building in Providence. Scheduled to open in February 2025, the Track 15 will feature the food vendors including Little Chaska, Tolia, Dune Brothers, Dolores, There There, Giusto PVD and Mother Pizzeria PVD. In addition to the vendor spaces, the $25 million development will feature indoor and outdoor seating for roughly 600, an entertainment venue and a 10,000-square-foot plaza.
Cambridge, Mass. — Two new concepts have joined the lineup at CanalSide Food + Drink, a new food hall scheduled to open this month in Cambridge. Eateries Juicygreens and Far Out Ice Cream have joined the vendor lineup, which also includes anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta to Go, Fresh, InChu, Lala’s Neapolitan-ish Pizza, Nu Burger, Sapporo Ramen and Teazzi Tea Shop. New England Development is the developer of the property, which was designed by RODE. The project team also includes general contractor Whiting Turning.
