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Firethorne-Plaza
Investment salesNewsTexas

Phillips Edison & Co. Acquires 29,986-Square-Foot Retail Strip Center in Suburban Houston

by Abby Cox

Katy, Texas — Phillips Edison & Co. has acquired Firethorne Plaza, a 29,986-square-foot retail strip center located in Katy, a western suburb of Houston. Ryan West and John Indelli of JLL represented the seller in the transaction. Situated at the entrance of the Firethorne master-planned community, the retail center was fully leased to 14 tenants at the time of sale. Retailers and restaurants at the property include Edward Jones, Pizza Hut, Tide Dry Cleaners, Fusion Wok, Café Petra, Evolve Fitness, EZ Floors and Eye Level Learning.

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Dutch-Bros_Lutz
FloridaInvestment salesNews

SRS Brokers $6.6 Million Sale of Two Adjacent Retail Properties in Metro Tampa

by Abby Cox

Lutz, Fla. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in …

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ArizonaDevelopmentInvestment salesNews

Legacy Purchases Development Site in Southern Arizona, Begins Construction on Retail Center

by Abby Cox

Maricopa, Ariz. — Legacy Development Partners has purchased a development site for a planned, ground-up retail center located in Maricopa. Construction on the property is expected to begin immediately. Dubbed Legacy on Porter, the 6.6-acre project will deliver more than 45,000 square feet of retail, restaurant and service-oriented space. Confirmed tenants include Goodwill, Chipotle Mexican Grill, Jersey Mike’s Subs, HTeaO, Orlie’s Taproom and Swig. Leasing negotiations for the remaining shop space and pad sites are ongoing.

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Grocery-anchoredLeasingMassachusettsNews

Wilder Signs Trader Joe’s to Anchor The Crossing at Walkers Brook in Metro Boston

by Abby Cox

Reading, Mass. — Wilder has signed Trader Joe’s to anchor The Crossing at Walkers Brook, a 480,000-square-foot shopping center located in Reading, approximately 20 miles north of Boston. Trader Joe’s is expected to open in late 2026. Additional tenants at the center include Jordan’s Furniture, The Home Depot, Golf Galaxy, The Paper Store, Anthony’s Coal Fired Pizza, Starbucks Coffee, Chipotle Mexican Grill and Supercuts. Chris Mearn of District Real Estate Advisors represented Trader Joe’s in the lease negotiations.

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university-town-center
Investment salesNewsOklahoma

Disney Investment Group Negotiates $82.2 Million Sale of Power Center in Central Oklahoma

by Abby Cox

Norman, Okla. — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the $82.2 million sale of University Town Center, a 416,766-square-foot power center in Norman, home of the University of Oklahoma. Built in 2009, the center was 99 percent leased at the time of sale to tenants such as Academy Sports + Outdoors, Kohl’s, Ulta Beauty, T.J. Maxx, HomeGoods, Michaels, DSW Shoes, Petco and Office Depot. According to OU Daily, the seller was an affiliate of Rainier Cos. The buyer was a partnership between Mazaheri Properties and Champion Hotels. David …

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Capital-Marketplace_Raleigh
Investment salesNewsNorth Carolina

Finmarc Sells Capital Marketplace Retail Center in Raleigh, North Carolina for $80.6 Million

by Abby Cox

Raleigh, N.C. — Finmarc Management Inc. has sold Capital Marketplace, a 383,000-square-foot power center located on 53 acres along U.S. Route 1 in Raleigh. The Bethesda, Maryland-based investment and management firm sold the property to Des Moines, Iowa-based Principal Financial Group for $80.6 million. Adam Russ, Erin Varol, Ryan Sciullo and Casey Smith of CBRE represented the seller in the transaction. Finmarc originally purchased the center, then known as Plantation Point Shopping Center, in late 2021. Built in 2006, Capital Marketplace’s tenant roster includes Bob’s Discount Furniture, BJ’s Wholesale Club, …

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Bristol-Plaza-CT
ConnecticutFinanceGrocery-anchoredNews

JLL Arranges $27.9 Million in Financing for Grocery-Anchored Shopping Center in Bristol, Connecticut

by Abby Cox

Bristol, Conn. — JLL Capital Markets has arranged $27.9 million in financing for Bristol Plaza, a 263,829-square-foot shopping center located in Bristol, approximately 20 miles southwest of Hartford, near the global ESPN headquarters. Christopher Drew, Henry Schaffer, Michael DiCosimo, Aaliyah St. Louis and Preston Bacon of JLL secured the five-year, fixed-rate loan through Voya on behalf of the borrower, Sterling Organization. Bristol Plaza, which is currently 93 percent leased, is anchored by T.J. Maxx and Stop & Shop. Additional tenants include Burlington, Dollar Tree, Five Below, Webster Bank and Starbucks Coffee.

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Harbor-Central-West-Sacramento-CA
CaliforniaInvestment salesNews

CBRE Brokers $6.2 Million Sale of Harbor Central Retail Center in West Sacramento

by Abby Cox

West Sacramento, Calif. — CBRE has arranged the $6.2 million sale of Harbor Central, a 22,198-square-foot neighborhood center located in West Sacramento. A subsidiary of CJ Park & Associates acquired the property from an entity doing business as Harbor Corners LLC for $6.2 million. Randy Getz and Rick Martinez of CBRE represented the seller in the deal. Situated at 805-831 Harbor Blvd., Harbor Central was built in 1992 on 1.7 acres. Current tenants include Vista Paint, Domino’s Pizza, Subway and Raku Sushi.

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tuckernuck-commons
Investment salesNewsVirginia

Berkeley Capital Advisors Arranges $12 Million Sale of Tuckernuck Commons in Richmond, Virginia

by Abby Cox

Richmond, Va. — Berkeley Capital Advisors has arranged the sale of Tuckernuck Commons, a 93,392-square-foot shopping center located in Richmond. The Richmond, Virginia-based private buyer purchased the property for $12 million. David Webb and Thompson Brown of Berkeley Capital Advisors represented the seller in the transaction. Tuckernuck Commons, which was fully leased at the time of sale, features a mix of tenants including Ollie’s Bargain Outlet, Dollar Tree, Sushi King and Beauty Zone, according to LoopNet Inc. Built in 1986, the property spans nearly 11 acres.

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Peachtree-Station
GeorgiaGrocery-anchoredInvestment salesNews

JLL Negotiates Sale of Whole Foods Market-Anchored Shopping Center in Metro Atlanta

by Abby Cox

Chamblee, Ga. — JLL Capital Markets has negotiated the sale of Peachtree Station, a 106,388-square-foot shopping center located in Chamblee, a northeast suburb of Atlanta. Jim Hamilton, Brad Buchanan, Andrew Kahn, Andrew Michols, Charlie Merrigan, Anton Serafini and John Perry Hilton of JLL represented the seller, Chicago-based Harrison Street Asset Management, in the transaction. Boston-based TA Realty was the buyer. A 45,136-square-foot Whole Foods Market anchors Peachtree Station, which was fully leased at the time of sale. Additional tenants at the property include Starbucks Coffee, Chipotle Mexican Grill, Cava, Verizon Wireless …

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