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Weymouth-Mass
DevelopmentMassachusettsMixed-useNews

Brookfield, New England Development Acquire Former Naval Station Near Boston, Plan Major Mixed-Use Project

by Abby Cox

Weymouth, Mass. — A joint venture between New York City-based Brookfield Properties and Boston-based New England Development has purchased the site of the former South Weymouth Naval Air Station in metro Boston. The co-developers acquired the 1,400-acre site from Washington Capital Management for $65 million. Brookfield and New England Development are planning a mixed-use redevelopment that would include 6,500 housing units, along with about 2 million square feet of commercial and retail space. The project will span more than 1,400 acres across three municipalities — Weymouth, Rockland and Abington, Massachusetts. …

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Giant-Eagle
Investment salesNewsRetailers

The Kroger Co. to Acquire Giant Eagle for $1.6 Billion

by Abby Cox

Cincinnati and Pittsburgh — The Kroger Co. and Giant Eagle, Inc. have entered into a definitive agreement in which Kroger will acquire Giant Eagle, a family-owned food and pharmacy retailer. The company operates 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Kroger’s board of directors. The purchase price will be $1.65 billion, comprised of $1.25 billion in cash and the assumption of approximately $400 million in outstanding liabilities. In connection with obtaining the requisite regulatory clearance necessary to …

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Grand-Village-Center-Surprise-AZ
ArizonaInvestment salesNews

Phoenix Commercial Advisors Arranges $10.7 Million Sale of Retail Center in Surprise, Arizona

by Abby Cox

Surprise, Ariz. — Phoenix Commercial Advisors has arranged the $10.7 million sale of Grand Village Center, a 52,685-square-foot retail property located in Surprise, roughly 30 miles northwest of Phoenix. The center traded for $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal. Built in 2005, Grand Village Center was 97 percent leased at the time of sale to a mix of tenants including Master Taco, Hungry Howie’s Pizza, Church for the Nations and Zona Communications. Elevate Trampoline Park anchors …

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boston-commons
Investment salesMassachusettsNews

Atlantic Capital Partners Brokers $10.2 Million Sale of 103,494-Square-Foot Shopping Center in Western Massachusetts

by Abby Cox

Springfield, Mass. — Atlantic Capital Partners has brokered the $10.2 million sale of Boston Commons, a 103,494-square-foot shopping center located in the western Massachusetts city of Springfield. Kohl’s anchors the property, which was 98 percent leased at the time of sale. Other tenants include CVS Pharmacy, Family Dollar and T-Mobile. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller in the transaction.

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13720-Bear-Valley-Rd-Victorville-CA
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $4.6 Million Sale of Two-Tenant Retail Property in Victorville, California

by Abby Cox

Victorville, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $4.6 million sale of a two-tenant retail property located in Victorville, approximately 35 miles north of San Bernardino. Located at 13720 Bear Valley Road, the 19,300-square-foot building was formerly occupied by Rite Aid and renovated in 2024. The property is currently leased to AutoZone and Dollar Tree on new 10-year triple-net leases and is situated within a Stater Bros.-anchored shopping center. Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller, a Los Angeles-based private investor, in …

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808-U.S.-378
Investment salesNewsSouth Carolina

Marcus & Millichap Brokers $3.7 Million Sale of Three-Tenant Retail Property in Lexington, South Carolina

by Abby Cox

Lexington, S.C. — Marcus & Millichap has brokered the $3.7 million sale of 808 U.S. 378, a three-tenant retail property located in the Columbia suburb of Lexington. The 7,000-square-foot center is fully occupied by a nail salon, Lexington Modern Dentistry and My Pharmacy & Optical, and is situated adjacent to Hendrix Crossing, a Publix-anchored shopping center. Seth Goldberg, Alan Cafiero and Brent Hyldahl of Marcus & Millichap procured the buyer, a New Jersey-based private investor, in the transaction. Ben Yelm was the firm’s broker of record in South Carolina.

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Creek-Bridge-Village-Salinas-California
CaliforniaFinanceNews

Gantry Arranges $15.4 Million in Financing for Two Retail Properties in Monterey Bay Region

by Abby Cox

Salinas and Capitola, Calif. — Gantry has arranged $15.4 million in permanent loans to refinance two separately owned neighborhood retail properties located at different ends of the Monterey Bay region. Tom Dao and Jake Davis of Gantry represented the borrowers, both private real estate investors. The first property, Creek Bridge Village in Salinas, features 35,000 square feet of retail space and 17 apartments spread across five buildings. The 10-year, fixed-rate nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service …

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Miami-Gardens-Center
FloridaInvestment salesNews

Miami Gardens Center in Florida Sells for $11.1 Million

by Abby Cox

Miami Gardens, Fla. — Golden Horizon Terryville Corp. has acquired Miami Gardens Center, a 52,467-square-foot shopping center located in Miami Gardens, roughly 16 miles north of downtown Miami, for $11.1 million. Built in 2006 near Hard Rock Stadium, the two-building retail center was fully leased at the time of sale to tenants including Cano Health, CareerSource South Florida and Montessori School of Miami Gardens. The property also features a separately configured four-tenant outparcel that is occupied by Dunkin’/Baskin Robbins, Metro by T-Mobile, Di Angelo’s Pizza and a local smoke shop. Kirk …

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Douglasville-Crossroads
FinanceGeorgiaNews

MMCC Arranges $5 Million in Financing for 42,720-Square-Foot Retail Property in Metro Atlanta

by Abby Cox

Douglasville, Ga. — Marcus & Millichap Capital Corp. (MMCC) has arranged $5 million in financing for Douglasville Crossroads, a 42,720-square-foot retail property located in Douglasville, roughly 22 miles west of Atlanta. David Johnson of MMCC secured the seven-year, non-recourse loan through a national bank on behalf of a private client. Douglasville Crossroads was fully leased at the time of sale to tenants including Dollar Tree, Cato, It’s Fashion, H&R Block, a nail salon and furniture store, as well as several restaurants. Walmart and Sam’s Club shadow anchor the property.

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kings-court
Investment salesNewsTexas

Cravey Real Estate Negotiates Sale of 8,750-Square-Foot Retail Center in Corpus Christi, Texas

by Abby Cox

Corpus Christi, Texas — Cravey Real Estate Services has negotiated the sale of King’s Court, an 8,750-square-foot neighborhood center located at 7626 Staples St. in Corpus Christi. Constructed in 2005, King’s Court is home to a mix of tenants including Peerless Cleaners, Cali Nails, King’s Barber and Baare BBQ, which recently completed a restaurant buildout and signed a new lease. Patricia Chavez of Keller Williams Heritage represented the buyer, Vista Bella Investments, LP. Lynann Pinkham of Cravey Real Estate Services represented the seller, who has historically overseen leasing for the property …

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