News

The Promenade
Investment salesMississippiNews

CBL Properties Sells The Promenade in D’lberville, Mississippi, for $83 Million

by Abby Cox

D’lberville, Miss. — CBL Properties has sold The Promenade, a 621,000-square-foot open-air retail center located in D’lberville, roughly three miles north of Biloxi, for $83 million. The center features a mix of more than 45 retail and restaurant tenants including Best Buy, Chick-fil-A, Dick’s Sporting Goods, PetSmart, Buffalo Wild Wings, Target, Bath & Body Works, Olive Garden and Ulta Beauty. CBL Properties has owned and operated the property since its opening in 2009. The center’s buyer was not disclosed.

Continue Reading
0 FacebookTwitterLinkedinEmail
Chiefland Regional Shopping Center
FloridaInvestment salesNews

Coldwell Banker Arranges Sale of 140,664-Square-Foot Shopping Center in Chiefland, Florida

by Abby Cox

Chiefland, Fla. — Locally based Coldwell Banker Commercial M.M. Parrish Realtors has arranged the sale of Chiefland Regional Shopping Center, a 140,664-square-foot regional shopping center located in Chiefland, approximately 30 miles southwest of Gainesville. Bealls anchors the center, which was 95.6 percent occupied at the time of sale. Other tenants include Rent-A-Center, Tractor Supply, Subway, Metro by T-Mobile and a Winn-Dixie grocery store, which will be converted into an ALDI. This transaction marks the first time the property has been sold since its original development in 1989. Jim Michalak and Jeff …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Seam
DevelopmentMixed-useNewsTexas

Adolfson & Peterson Begins 160,000-Square-Foot Redevelopment of Former Oak Lawn Design Plaza in Dallas

by Abby Cox

Dallas — Adolfson & Peterson Construction has begun construction of The Seam, a 160,000-square-foot redevelopment project located in the Dallas Design District. Formerly Oak Lawn Design Plaza, the multi-million-dollar project will provide nearly 50 spaces for retail, restaurants, wellness providers and showrooms. Morris Adjmi Architects (MA) is serving as the design architect for the project, while GFF Design is serving as the architect of record. Construction of the development began in March, and delivery is targeted within a year from the start date. Originally built in the 1970s, improvements to the nine-acre property …

Continue Reading
0 FacebookTwitterLinkedinEmail
56 Edwards Village Blvd.
ColoradoInvestment salesNews

Gart Properties Acquires 48,351-Square-Foot Center in Vail Valley, Colorado

by Abby Cox

Vail Valley, Colo. — Gart Properties has acquired Edwards Corner, a neighborhood retail center at 56 Edwards Village Blvd. in Vail Valley. Built in 2004, Edwards Corner features 48,351 square feet of retail space and office space on the upper level. The center is currently leased to nearly 50 local businesses, including Hovey & Harrison, Drunken Goat, Cut Meat & Seafood and Il Mago. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller, Edwards Corner LLC, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Georgia Crossing
GeorgiaInvestment salesNewsPower centers

Invesco Real Estate Acquires 317,201-Square-Foot Power Center in Metro Atlanta for $82 Million

by Abby Cox

Buford, Ga. — Invesco Real Estate has acquired Georgia Crossing, a 317,201-square-foot power center located in Buford, roughly 38 miles north of Atlanta, for $82 million. Situated across from the 1.7 million-square-foot Mall of Georgia, Georgia Crossing was fully leased to a mix of tenants including TJ Maxx/HomeGoods, Nordstrom Rack, Best Buy, Hobby Lobby, Staples, Cavender’s Boot City and Ulta Beauty at the time of sale. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL’s Investment Sales and Advisory team represented the seller, Washington Prime Group, in the transaction.

Continue Reading
0 FacebookTwitterLinkedinEmail
Peppertree Plaza
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $6.7 Million Sale of 51,000-Square-Foot Shopping Center in Fresno, California

by Abby Cox

Fresno, Calif. — Progressive Real Estate Partners has arranged the $6.7 million sale of Peppertree Plaza, a 51,000-square-foot shopping center located in Fresno. Situated at the intersection of West Shaw and Marks Avenues, the center spans five buildings and was 87 percent leased at the time of sale. Tenants include Outback Steakhouse, Deli-Delicious, Marian’s Mexican Restaurant, Pijja Paradise Pizza & Arcade, Ocean Dental Group, FastSigns and the State Bank of India. Greg Bedell of Progressive represented the seller, a private investor based in the Bay Area. The all-cash buyer was …

Continue Reading
0 FacebookTwitterLinkedinEmail
Paradise Isle Shopping Center
AlabamaGrocery-anchoredInvestment salesNews

Merrill P. Thomas Co. Brokers $5.7 Million Sale of Paradise Isle Shopping Center in Gulf Shores, Alabama

by Abby Cox

Gulf Shores, Ala. — Locally based Merrill P. Thomas Co. has brokered the $5.7 million sale of Paradise Isle Shopping Center, a 47,520-square-foot shopping center located in Gulf Shores. Publix anchors the property, which is situated on 4.6 acres. Other tenants include AutoZone, Resale Heaven, Nail Boutique & Spa and the Gulf Shores Methodist Church. Pratt Thomas of Merrill P. Thomas Co. represented the seller, Gulf Shore Methodist Church, in the transaction. The buyer was an entity doing business as Paradise Isla Holdings LLC.

Continue Reading
0 FacebookTwitterLinkedinEmail
2303 Sunset Blvd.
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $3.8 Million Sale of Two-Tenant Retail Pad in Metro Sacramento

by Abby Cox

Rocklin, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $3.8 million sale of a two-tenant retail pad located in Rocklin, approximately 25 miles northeast of downtown Sacramento, for $3.8 million. Situated at 2303 Sunset Blvd., the 6,122-square-foot building is occupied by U.S. Bank and a drive-thru Animal Urgent Care, each on a triple-net lease. Built in 2022, the property sits on roughly 1 acre. Nearby tenants include Taco Bell, Safeway, Costco, Target, The Home Depot, WinCo Foods and Chipotle Mexican Grill. Eric Wohl and CJ Kiehler of Hanley …

Continue Reading
0 FacebookTwitterLinkedinEmail
The Galleria at Crystal Run
FinanceNew YorkNews

Pyramid Management Obtains $81 Million in Financing for The Galleria at Crystal Run in Middletown, New York

by Abby Cox

Middletown, N.Y. — Pyramid Management Group has obtained $81 million in financing for The Galleria at Crystal Run, a 1.1 million-square-foot regional shopping center located in Middletown, roughly 42 miles north of New York City. Macy’s, JCPenney and Target anchor the property, which offers more than 100 retail shops, six entertainment venues and 10 onsite restaurants including AMC Theaters, Urban Air Adventure Park, Round1 Bowling & Arcade, 110 Grill and Fuji Japanese Steakhouse. The four-year loan will allow Pyramid to continue reinvesting in the property, including plans for a complete store …

Continue Reading
0 FacebookTwitterLinkedinEmail
Sprouts Farmers Market
Investment salesNewsTennessee

Hanley Investment Group, CP Partners Facilitate $9.5 Million Sale of Single Tenant Retail Property in Nashville, Tennessee

by Abby Cox

Nashville, Tenn. — A partnership between Hanley Investment Group Real Estate Advisors and CP Partners has facilitated the $9.5 million sale of a newly constructed, single-tenant retail property located in Nashville. Sprouts Farmers Market occupies the 22,988-square-foot building on a triple-net-lease featuring five five-year renewal options. Jeff Lefko and Bill Asher of Hanley Investment, in association with Joe Caccamo and Lea Kuehnhackl of CP Partners and ParaSell, Inc., represented the seller, Greenville, South Carolina-based RealtyLink LLC, in the transaction. Chris Thompson of JRW Realty represented the buyer, a Los Angeles-based …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts