Uncategorized

Pacific Group Breaks Ground on 135-Acre Helios Mixed-Use Campus in North Las Vegas

by Hayden Spiess October 6, 2022

North Las Vegas, Nev. — Pacific Group has broken ground on Helios, a 135-acre medical campus located in North Las Vegas. Construction costs for the project are set to total between $4.5 billion and $5 billion. At full buildout, the project is set to include a 1.1 million-square-foot inpatient hospital offering 600 beds, which will be built in three phases costing $1.2 billion; 1.3 million square feet of medical office and medical technology space; 250,000 square feet of retail with an emphasis on health and wellness; 900,000 square feet of …

October 6, 2022

Georgia Investment sales News North Carolina Uncategorized

RealSource Group Arranges $7.9 Million Sale-Leaseback of Car Wash Portfolio in North Carolina, Georgia

by Hayden Spiess September 28, 2022

Forest City, N.C. and Cedartown, Ga. — RealSource Group has arranged the $7.9 million sale-leaseback of a portfolio consisting of two Mach-1 Express Wash properties. Both assets are single-tenant 4,000-square-foot properties located in Walmart-anchored shopping centers. One of the properties is located in Forest City, North Carolina, roughly 65 miles west of Charlotte. The second property is located in Cedartown, Georgia, 60 miles outside of downtown Atlanta. Austin Blodgett of RealSource and Chris Salemi of Aileron Capital Management represented the seller, Mach One (Holdings) Limited. The undisclosed New Jersey-based institutional …

September 28, 2022

Grocery-anchored Investment sales News Ohio Uncategorized

Hanley Investment Group Arranges Sale of 139,000-Square-Foot Shopping Center in Metro Columbus

by Hayden Spiess September 26, 2022

Dublin, Ohio — Hanley Investment Group Real Estate Advisors has arranged the sale of Perimeter Center, a 139,000-square-foot shopping center in Dublin, roughly 17 miles north of Columbus. Ed Hanley and Kevin Fryman of Hanley, in association with ParaSell Inc., represented the buyer, an affiliate of Orton Development Inc., in the 1031 exchange transaction. Perimeter Center was fully leased at the time of sale to tenants including Giant Eagle Market District, Chipotle Mexican Grill, Edward Jones, Enterprise Rent A Car, Sport Clips, UPS Store and Jersey Mike’s Subs. The seller, …

September 26, 2022

Uncategorized

Rubenstein Real Estate Acquires 20,000-Square-Foot Office, Retail Building in Kansas City

by Alex Tostado January 20, 2021

Kansas City, Mo. — An affiliate of Rubenstein Real Estate, together with an affiliate of Exact Architects, has acquired a 20,000-square-foot office and retail building located at the corner of Linwood and Main streets in Kansas City. At the time of sale, the building was 25 percent occupied. A new tenant will soon lease a portion of the first floor, leaving 9,418 square feet remaining available for lease. Substantial building and common area renovations are underway. The two-story building features almost 80 parking spaces. Dwight Medbery III of Rubenstein led …

January 20, 2021

Uncategorized

Bromley Inks 8,000-Square-Foot Lease with Royal Pets Market & Resort at Midtown Tampa

by Alex Tostado July 9, 2020

Tampa, Fla. — Bromley Cos. has signed a lease with Royal Pets Market & Resort at Midtown Tampa. The 8,000-square-foot space will be the flagship location for the company, which offers veterinary care, an indoor dog daycare and a pet spa. The space will be situated on the ground floor of Novel Midtown Tampa, which is expected to open later this year. Royal Pets Market joins other announced retail tenants such as Joffrey’s Coffee, True Food Kitchen and Whole Foods Market. Bromley Cos., Casto, Jeffrey R. Anderson Real Estate and …

July 9, 2020

Uncategorized

Hanley Investment Group Negotiates $4.9 Million Sale of Retail Building in Fontana, California

by Alex Tostado June 22, 2020

Fontana, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly constructed, multi-tenant retail building, located at 16914 S. Highland Ave. in Fontana. Adler Realty, a Woodland Hills, California-based developer, sold the asset to a Sun Valley, California-based private investor for $4.9 million. The 7,500-square-foot property consists of three tenants: a Pacific Dental Services-branded dental office, Arrowhead Credit Union and MJ Nail & Spa. The building is located adjacent to Highland Village Shopping Center, a 30,000-square-foot retail center that was completed in 2019. Tenants at …

June 22, 2020

Uncategorized

Three Retailers Return to Miami Beach’s Lincoln Road, Two Food Halls Debut

by Alex Tostado June 18, 2019

Miami Beach, Fla. — Miami Beach’s Lincoln Road has seen new activity with the return of three retailers and the opening of two new food halls. Lincoln Road Business Improvement District (BID) has announced three retailers are returning to Lincoln Road, Miami Beach’s high street for upscale retail, restaurants and entertainment, according to Lincoln Road BID. The three retailers — Fritz’s Skate, Bike & Surf Shop; Dog Bar; and Lulu Laboratorium — all had original locations on Lincoln Road. Fritz’s originally opened on Lincoln Road in 1989 before moving a …

June 18, 2019

Uncategorized

Marcus & Millichap Arranges Sale of 29,600-Square-Foot Shopping Center in Lawrenceville, New Jersey

by Alex Tostado April 19, 2019

Lawrenceville, N.J. — Marcus & Millichap has arranged the sale of Princeton Plaza, a 29,600-square-foot retail center in Lawrenceville, located roughly midway between New York City and Philadelphia. The asset, which was fully occupied at the time of sale, fetched a sales price of $2.9 million. Shannon Bona led the Marcus & Millichap team in marketing the property on behalf of the seller, a private investor, with help from Mark Taylor and Derrick Dougherty of Marcus & Millichap. Brian Hosey of Marcus & Millichap acted as the broker of record. …

April 19, 2019