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CityCentre
Investment salesMixed-useNewsRestaurantsRetailersTexas

MetroNational Acquires 309,144-Square-Foot Retail Component of CityCentre in Houston

by Abby Cox

Houston — Locally based MetroNational has acquired the 309,144-square-foot retail component of CityCentre, a mixed-use development in Houston. The retail portion of the property frames a central green space and features roughly 24 food and beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. In addition, MetroNational has also partnered with Radom Capital to …

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321 Starr Street
Investment salesNew YorkNews

Marcus & Millichap Negotiates $17.5 Million Sale of Retail Property in Brooklyn

by Abby Cox

Brooklyn, N.Y. — Marcus & Millichap has negotiated the sale of 321 Starr Street, a 26,624-square-foot retail property located in the Brooklyn neighborhood of Bushwick, for $17.5 million. Renovated in 2017, the 10-unit retail property includes 7,000 square feet of rooftop space on the second floor, as well as 321 square feet of ground-floor outdoor seating. Tenants include MetroRock, 48 Cypress and New York Film Lab, along with a mix of food, beverage and specialty retailers. Shaun Riney, Michael Salvatico, Scott Plasky and Alexander Arustamanian of Marcus & Millichap represented …

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Bobcat Crossing
Investment salesNewsTexas

CBRE Brokers Sale of 29,309-Square-Foot Bobcat Crossing in Metro Dallas

by Abby Cox

Celina, Texas — CBRE has brokered the sale of Bobcat Crossing, a 29,309-square-foot retail center located in the North Texas city of Celina, roughly 40 miles north of Dallas. The center is located within the Carter Ranch master-planned development and is home to 13 tenants, including Sherwin-Williams and Subway. Michael Austry and Jared Aubrey of CBRE represented the seller, Standridge Cos., in the transaction. The buyer was Houston-based investment firm Stablewood.

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HEB grocery store
Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 439,569-Square-Foot Northwoods Shopping Center in San Antonio

by Abby Cox

San Antonio — A joint venture between MCB Real Estate, Epic Real Estate Partners and Centerbridge Partners L.P.  has acquired Northwoods Shopping Center, a 439,569-square-foot lifestyle center in San Antonio. An HEB grocery store anchors the property and has operated at the site since its development in 1996. Additional tenants at the center, which was 91 percent leased at the time of sale, include Nordstrom Rack, Marshalls, Homesense, Barnes & Noble, Old Navy and Ulta Beauty. Truist Bank financed the acquisition.

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Metropark Square
EntertainmentInvestment salesMixed-useNewsRestaurantsRetailersTexas

STRIVE Brokers Sale of 173,000-Square-Foot Metropark Square in Metro Houston

by Abby Cox

Shenandoah, Texas — STRIVE has brokered the sale of Metropark Square, a 173,000-square-foot mixed-use development located in Shenandoah, roughly 30 miles north of downtown Houston. Dave & Buster’s, AMC Theatre and a Hyatt House hotel anchor the center, which features a mix of dining, entertainment and service-oriented retailers across 70 acres. Tenants include Martinis & Manicures, Top Sushi, Escapology, Black Bear Diner, Salons by JC, Aesthetic Smiles Dentistry and Crawfish Café. Jake Dutson and Jennifer Pierson of STRIVE represented the seller and developer, Frisco, Texas-based Sam Moon Group. STRIVE also procured …

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9 West Plaza
Investment salesMassachusettsNews

Atlantic Capital Partners Arranges $10 Million Sale of 9 West Plaza in Metro Boston

by Abby Cox

Westborough, Mass. — Atlantic Capital Partners has arranged the $10 million sale of 9 West Plaza, a 35,371-square-foot neighborhood retail center located in Westborough, approximately 28 miles west of downtown Boston. Tenants at the property include Dollar Tree, Chipotle Mexican Grill, PetMedic, Jersey Mike’s, FedEx and Smileland Pediatric Dentistry. Built in 1983, the center is situated on 5 acres, according to LoopNet Inc. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital represented the seller in the transaction. Will Kelleher of Kelleher Sadowsky represented the buyer.

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Sky Zone
CaliforniaEntertainmentInvestment salesNews

Hanley Investment Group Negotiates Sale of Single-Tenant Retail Property in Metro Los Angeles for $8.8 Million

by Abby Cox

Santa Clarita, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $8.8 million sale of a single-tenant retail property located in Santa Clarita, approximately 30 miles north of Los Angeles. Situated within Centre Pointe Marketplace, Sky Zone Trampoline Park occupies the 30,624-square-foot retail property on a new long-term lease. Sean Cox and Kevin Fryman of Hanley represented the seller and developer, locally based Spirit Properties Ltd., and the buyer, in the transaction.

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Tamarac Town Square
FinanceFloridaGrocery-anchoredNews

JLL Arranges $57.5 Million in Financing for Two Publix-Anchored Shopping Centers in South Florida

by Abby Cox

Miami Gardens and Tamarac, Fla. — JLL Capital Markets has arranged a combined $57.5 million in financing for two Publix-anchored shopping centers in South Florida. Matt Casey, Paul Adams, Hunter Rich and Aaliyah St. Louis of JLL’s Debt Advisory team arranged the loans through Synovus Bank on behalf of the borrower, Atlanta-based Jamestown. The first property, Country Club Plaza in Miami Gardens, totals 100,893 square feet and is leased to tenants including CVS and Panera Bread. Cypress Commons — formerly known as Tamarac Town Square — is the second property, which …

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Sprouts Farmers Market
Investment salesLeasingNewsTexas

JLL Arranges Sale of Retail Property Leased to Sprouts in Suburban Houston

by Abby Cox

Richmond, Texas — JLL Capital Markets has arranged the sale of a newly constructed, 23,256-square-foot retail property leased to Sprouts Farmers Market in Richmond, a southwestern suburb of Houston. Sprouts anchors Waterview Town Center, a 143-acre mixed-use development that will feature more than 1 million square feet of retail space upon completion. JLL represented the seller, GBT Realty, in the transaction. JRW Realty represented the buyer, Southern California-based ExchangeRight. Sprouts Farmers Market — which is on track to open 35 locations in 2025 — also has 130 approved stores in …

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Brookleigh Marketplace
FinanceNewsTexas

Crow Holdings Closes Recapitalization of 194-Property National Retail Portfolio

by Abby Cox

Dallas — Dallas-based Crow Holdings has recapitalized a portfolio of 194 retail properties totaling 4.5 million square feet. Crow Holdings Capital (CHC), the firm’s investment management business, arranged the financing. Spanning 30 states, the portfolio is currently 93 percent leased and features approximately 2,000 tenant suites with an average size of roughly 2,250 square feet. This transaction builds on the joint venture CHC had previously formed to acquire small-format, convenience-oriented, open-air, food and service shopping centers. Since 2003, the joint venture has acquired over $220 million in additional properties.

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