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Winder Corners
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Arranges $15.8 Million Sale of Shopping Center in Winder, Georgia

by Abby Cox

Winder, Ga. — Colliers has arranged the $15.8 million sale of Winder Corners, a 164,592-square-foot shopping center located in Winder. Built in 1994, the property is situated on 24.5 acres. Publix anchors the center, which was 95.2 percent leased at the time of sale. Additional tenants include Beall’s Outlet, Roses Express, Anytime Fitness, Cato Fashions, GNC and Shoe Show. Scott Israel and Joe Montgomery represented the seller, Winder Corners Associates L.P., a subsidiary of First Colony Financial Corp., in the transaction. The buyer was Atlanta-based Mosaic Real Estate.

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Investment salesNewsNorth Carolina

Prudent Growth Acquires 29,900-Square-Foot Shopping Center in Roxboro, North Carolina 

by Abby Cox

Roxboro, N.C. — Prudent Growth Partners has acquired Shops of Roxboro Square, a 29,900-square-foot shopping center located in Roxboro, roughly 30 miles north of Durham. Prudent Growth purchased the property for $4 million. Built in 1988, the center comprises 11 tenants including La Cocina Mexican Restaurant, Jolly Nails, United Home Care, Buddy’s Home Furnishings, Taste of NY Deli & Pizza and New Southern Loans.

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Legacy West
Mixed-useNewsRestaurantsRetailersTexas

Kite Realty, GIC Acquire Legacy West in Metro Dallas for $785 Million

by Abby Cox

Plano, Texas — A partnership between Indianapolis-based Kite Realty Group and Singapore’s GIC has acquired Legacy West, a mixed-use development located in Plano, for $785 million. According to Kite Realty’s first-quarter earnings report that announced the transaction, Legacy West includes 344,000 square feet of retail space, 444,000 square feet of office space and 782 multifamily units. Invesco Real Estate has been the lead equity partner in Legacy West since the project’s inception in 2014, becoming the majority owner of the development in 2019. Prism Places and Mark Masinter of Open …

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safeway-anchored-shopping-centers
CaliforniaDevelopmentGrocery-anchoredNews

Nadel Architects Completes Two Retail Centers in Metro Sacramento

by Abby Cox

Roseville and Elk Grove, Calif. — Two new retail centers designed by Los Angeles-based Nadel Architects have opened in the metro Sacramento area. The properties are West Roseville Marketplace in Roseville and Laguna Reserve Marketplace in Elk Grove. West Roseville Marketplace totals 74,000 square feet and is anchored by a 55,592-square-foot Safeway. Additional tenants at the center include McDonald’s, Starbucks Coffee, Bank of America and Mountain Mike’s Pizza. Laguna Reserve Marketplace, which comprises 57,000 square feet, is also anchored by a Safeway.

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Paradise Place
FloridaInvestment salesNews

Plaza Advisors Arranges Sale of 72,961-Square-Foot Shopping Center in West Palm Beach, Florida

by Abby Cox

West Palm Beach, Fla. — Plaza Advisors has arranged the sale of Paradise Place, a 72,961-square-foot shopping center located in West Palm Beach. Built in 2003, the center sits on 8.5 acres. Publix anchors the property, which was 98 percent leased at the time of sale. Other tenants include Dunkin’ Donuts, Sage Dental and Goodwill. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, Charlotte, North Carolina-based Collett Capital, in the transaction. A partnership between Tampa-based Forge Capital Partners and The Sembler Co. purchased the property via its …

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Sun Garden Retail Center
CaliforniaInvestment salesNews

Slatt Capital Facilitates $19.7 Million Refinancing for Sun Garden Retail Center in San Jose, California

by Abby Cox

San Jose, Calif. — Slatt Capital has facilitated a $19.7 million loan for the refinance of Sun Garden Retail Center, a 107,899-square-foot retail property located in San Jose. Slatt Capital secured the fixed-rate 12-year loan through a life insurance company on behalf of the borrower. Walmart anchors Sun Garden Retail Center, which occupies the former site of the Sun Garden Packing Co., a legacy cannery connected to San Jose’s agricultural roots. Other tenants at the property include Big 5 Sporting Goods, Chipotle Mexican Grill, Starbucks Coffee, Chevron and Jack in …

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Fig Garden Village
CaliforniaInvestment salesNews

CenterCal, DRA Advisors Acquire Fig Garden Village in Fresno, California

by Abby Cox

Fresno, Calif. — A partnership between CenterCal Properties and DRA Advisors has acquired Fig Garden Village, a 300,000-square-foot lifestyle center located in Fresno. Originally developed in 1956 as part of the historic Fig Garden residential area, the center serves as a retail anchor for the broader Central California market. Tenants at the property include Pottery Barn, Williams Sonoma, Banana Republic, lululemon, Whole Foods Market, Anthropologie, Madewell and Paper Source. The center was previously owned by Brookfield Properties.

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Carmel Village
Investment salesNewsNorth Carolina

Cushman & Wakefield Arranges $19.9 Million Sale of Carmel Village in Charlotte, North Carolina

by Abby Cox

Charlotte, N.C. — Cushman & Wakefield has arranged the $19.9 million sale of Carmel Village, a 53,615-square-foot retail center located in Charlotte. The center — which was 91 percent leased at the time of sale — features a mix of tenants including Bonefish Grill, Mathnasium, Eye Care Partners, Chick-O-Rice, NY Old School Bagels and QC Tea Bar. Margaret Jones, Lane Breedlove and Miguel Alcivar of Cushman & Wakefield represented the seller, Raptor Realty Investments, in the transaction.

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100 Michigan Ave.
Investment salesMichiganNews

Friedman Real Estate Brokers Sale of 20,750-Square-Foot Single-Tenant Retail Property in Farmington Hills, Michigan

by Abby Cox

Farmington Hills, Mich. — Friedman Real Estate has brokered the $3.9 million sale of a 20,750-square-foot single-tenant retail property located at 100 Michigan Ave. in the northwestern Detroit suburb of Farmington Hills. First Independence Bank occupies the building. Andrew Bower, Steve Eisenshtadt and Peter Jankowski of Friedman represented the seller in the transaction.

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Goodyear Civic Square
ArizonaCompany newsLeasingNews

Red Development, Globe Corp. Welcomes Three New Tenants to Goodyear Civic Square

by Abby Cox

Goodyear, Ariz. — A partnership between Red Development and Globe Corp. has signed three new tenants to Goodyear Civic Square (GSQ), its 150-acre mixed-use development located in the Phoenix suburb of Goodyear. Trader Joe’s will open a 13,500-square-foot store — the first in Goodyear — while Black Rock Coffee Bar will open a 1,460-square-foot drive-thru coffee shop. Additionally, Firebirds Wood Fired Grill will open a 5,658-square-foot standalone building that also houses a 700-square-foot outdoor patio. All new tenants are scheduled to open in 2026. The first phase of GSQ features …

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