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Roswell, Ga. — Cushman & Wakefield has brokered the $7.4 million sale of The Alstead Shops, an 11,200-square-foot retail center located at 2000 Holcomb Bridge Road in Roswell, a northern suburb of Atlanta. The property was delivered in 2024 and was fully leased at the time of sale to tenants including Wellstar Urgent Care, CityVet, Layne’s Chicken Fingers, The Great Greek Mediterranean Grill and The Human Bean. Margaret Jones and Lane Breedlove of Cushman & Wakefield represented the sellers, Mirabeland Investments and Concordia Properties, in the transaction. The buyer was …

Chicago — Greenstone Partners has brokered the $19.5 million sale of a 54,000-square-foot retail center located at 1415-1417 N. Kingsbury St. in Chicago’s Clybourn Corridor. A venture between Chicago-based Honore Properties and Peerless Development acquired the fully leased property. Danny Spitz and AJ Patel of Greenstone represented the seller, Los Angeles-based Westwood Financial, in the transaction, which marks the fourth acquisition in the immediate corridor for Honore and Peerless. Spitz previously represented the venture in the acquisition of the adjacent property at 821 W. Eastman St. Originally acquired by Westwood …

Holmdel, N.J. — Cronheim Mortgage has arranged a $13 million permanent loan for the financing of Kohl’s Plaza, a 184,063-square-foot neighborhood center located in the northern New Jersey community of Holmdel. Dev Morris, Allison Villamagna and Andrew Stewart of Cronheim Mortgage secured the 10-year loan through a life insurance company on behalf of the borrower, National Realty & Development Corp. The loan features a 30-year amortization schedule. Tenants at Kohl’s Plaza, which is now fully leased, include Ocean State Job Lot, Wells Fargo, Bella Dental, Hand & Stone Massage and …

Mount Prospect, Ill. — Marcus & Millichap has negotiated the nearly $2.9 million sale of 1776 Algonquin Road, a 22,910-square-foot retail strip center located in Mount Prospect, about 20 miles southeast of Chicago. Mitchell Kiven, Coult Greenwell, Eric Abbott and Zachary Taylor of Marcus & Millichap marketed the property on behalf of the seller, a large property owner with a national retail portfolio, and procured the buyer, a local investor who operates a chain of grocery stores. The buyer additionally plans to renovate the property and lease the second-floor space. Built …

Phoenix — Vestar has received approval from the Village Planning Committee to develop Laveen Towne Center, an open-air shopping center in Phoenix’s southwest submarket of Laveen. Set to break ground in summer 2026 with a grand opening targeted for winter 2027, Laveen Towne Center will feature 500,000 square feet of retail, dining and entertainment space across 90 acres. Vestar plans to preserve the character and charm of the area through the project’s design and programming. The development will reuse existing materials and features found onsite, including from the Hudson Farmhouse, …

Baton Rouge, La. — Marcus & Millichap has brokered the $6.8 million sale of Village Square, a 47,000-square-foot, three-building retail center near Louisiana State University (LSU) in Baton Rouge. Shadow-anchored by Walmart, Village Square features a mix of tenants including Coffee Call, Classy Nails, Teatery & Tapioca and Juicy Seafood, as well as Office Depot and Sally Beauty, which have operated at the site for more than 20 years. In May, Village Square’s Capital One and IHOP outparcels sold for $5.2 million. Zach Taylor and Eric Abbott of Marcus & Millichap’s Taylor …