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Investment salesNewsRetailersTexas

Cushman & Wakefield Arranges Sale of 79,739-Square-Foot Shopping Center in Metro Dallas

by Alex Tostado

Plano, Texas — Cushman & Wakefield has arranged the sale of Preston Creek Shopping Center, a 79,730-square-foot shopping center in Plano. The property, which is located 25 miles north of downtown Dallas, was built in 2006 by the seller, ASG Realty. Tenants of the unanchored shopping center include Pei Wei Asian Diner, Modern Market, Cowboy Chicken, Cristina’s Fine Mexican Restaurant, Turkish Café and II Brothers Grill & Bar. Chris Harden, Kris Von Hohn and Ryan Duffie of Cushman & Wakefield and Samer Keilani and James Hankins of ACR Realty represented the …

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GeorgiaInvestment salesNewsRetailers

Cole Credit Property Trust Sells 62,719-Square-Foot LA Fitness-Anchored Retail Center in Metro Atlanta

by Alex Tostado

Douglasville, Ga. — Cole Credit Property Trust IV Inc. has sold Village at Chapel Hill, a 62,719-square-foot, LA Fitness-anchored retail center in Douglasville, Georgia, 20 miles west of downtown Atlanta. The center was built in 2009 and was 97 percent leased at the time of the sale. The property is shadow-anchored by ALDI and includes other tenants such as Yogli Mogli, One Main Financial, Chapel Hill Dentistry and Blue Agave Mexican Restaurant. Jim Hamilton, Brad Buchanan, Mike Allison and Andrew Kahn of HFF represented the seller in the transaction. LBX …

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CaliforniaDevelopmentNewsRetailers

Donahue Schriber Launches $120 Million Expansion at Del Mar Highlands Town Center in San Diego

by Alex Tostado

San Diego — Donahue Schriber has announced a $120 million expansion at Del Mar Highlands Town Center, a mixed-use property located at 12925 El Camino Real in San Diego. The expansion will bring the development to more than 400,000 square feet of retail, dining and entertainment space. The expansion — to be known as The Collection at Del Mar Highlands Town Center — will bring an additional 120,000 square feet of space, offering 40 new retailers, restaurants, fitness studios and new spaces to work, play and lounge. As part of …

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FloridaInvestment salesMixed-useNewsRetailers

Mast Capital Acquires Mixed-Use Shopping Center in South Florida for $43 Million

by Alex Tostado

Fort Lauderdale, Fla. — Mast Capital has acquired The Quay, a 73,000-square-foot mixed-use shopping center in Fort Lauderdale, Florida. The Quay sits on seven acres along South 17th Street near the Stranahan River, three miles south of downtown Fort Lauderdale. The property was fully leased at the time of the sale to tenants including Boatyard Restaurant, the United States Postal Service and Chipotle Mexican Grill. The property also includes a two-story office building and Boathouse of Fort Lauderdale marina. Hudson Capital Group Inc. sold The Quay. CIT Bank provided acquisition …

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GeorgiaInvestment salesNewsRetailers

Cushman & Wakefield Arranges Sale of 199,594-Square-Foot Retail Center in Metro Atlanta

by Alex Tostado

Suwanee, Ga. — Cushman & Wakefield has arranged the sale of Brookwood Marketplace, a 199,594-square-foot retail center in Suwanee, Georgia, shadow-anchored by Super Target. The property is located at 2615-2635 Peachtree Parkway, 34 miles north of downtown Atlanta in Gwinnett County. Brookwood Marketplace was 98 percent leased at the time of the sale to tenants including The Home Depot, Bed Bath & Beyond and OfficeMax. Fain Hicks and Mark Gilbert of Cushman & Wakefield represented the seller, Weingarten Realty, in the transaction. A private individual acquired the center for an …

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CaliforniaInvestment salesNewsRetailers

Marcus & Millichap Arranges Sale of Two Multi-Tenant Retail Pads in Rialto, California

by Alex Tostado

Rialto, Calif. — Marcus & Millichap has negotiated the sale of two multi-tenant retail pads at Rialto Marketplace, located at 1276 Riverside Ave. in Rialto. Scott Hook of Marcus & Millichap arranged the sale. Terms of the transaction were not released. Recently developed by Newmark Merrill Cos., the buildings total 25,567 square feet. Tenants include Starbucks Coffee, GNC, Wingstop, Pieology Pizzeria and T-Mobile. Walmart Supercenter is the anchor tenant for Rialto Marketplace.

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DevelopmentNewsRetailersVirginia

Federal Realty to Redevelop 90,000-Square-Foot Shopping Center in Northern Virginia

by Alex Tostado

Springfield, Va. — Federal Realty Investment Trust has unveiled plans to redevelop Old Keene Mill, a 90,000-square-foot shopping center in Springfield, Virginia. Whole Foods Market, Planet Fitness and Walgreens anchor the center, which is situated at the corner of Old Keene Mill and Rolling roads 16 miles southwest of downtown Washington, D.C. Redevelopment plans include the addition of an outdoor fireplace, communal village design, new landscapes, wide sidewalks and new façade and signage. Completion is expected before Thanksgiving.

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Investment salesNet leaseNewsOhioRetailers

Marcus & Millichap Arranges $2.7 Million Sale of Net-Leased Walgreens Property in Ohio

by Alex Tostado

Delaware, Ohio — Marcus & Millichap has arranged the sale of a 14,490-square-foot property net leased to Walgreens for $2.7 million. The building is situated on 1.7 acres at 19 London Road in Delaware, Ohio, about 30 miles north of Columbus. The property was built in 2001. Walgreens recently extended its lease through 2026. Dan Yozwiak of Marcus & Millichap marketed the property on behalf of the seller, a limited liability company. Brandon Hanna of Encore Real Estate Investment Services secured and represented the buyer, a private investor.

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Investment salesNew YorkNewsRetailers

Rafinia Property Group Orchestrates $2.2 Million Sale of Retail Strip in Upstate New York

by Alex Tostado

Ogdensburg, N.Y. — Rafinia Property Group has arranged the $2.2 million sale of Seaway Shopping Center, a 102,796-square-foot retail strip in Ogdensburg, New York. The single-story strip center is configured to fit 15 retail spaces and is occupied by Save-A-Lot food stores, Peebles, Family Dollar and a mix of local and regional tenants. The property was constructed in 1960 and significantly upgraded in 2018. Evan Rafinia of Rafinia Property Group represented the undisclosed seller in the transaction. The buyer was a private investor based in New York City.

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Investment salesMontanaNewsRetailers

SSG Realty Partners Arranges Sale of Westwood Plaza Shopping Center in Montana

by Alex Tostado

Great Falls, Mont. — SSG Realty Partners has arranged the sale of Westwood Plaza, a retail center located along the Northwest Bypass in Great Falls, Montana, for an undisclosed price. Originally developed as a Pay ‘N Save and Ernst Home Center, the 70,000-square-foot shopping center was renovated in recent years. The current tenant mix includes Ulta Beauty and T.J. Maxx. Greg Swedelson and Jon Eric Greene of SSG Realty Partners represented the seller and undisclosed buyer in the deal.

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