Chicago — JLL Capital Markets and GA Group Real Estate have negotiated the $75 million sale-leaseback for a 46-property Family Dollar retail portfolio across 19 states. The properties were acquired by an institutional real estate investor. JLL and GA Group Real Estate represented the seller, FD Retail Properties LLC, in the transaction.
Orlando, Fla. — Ocean Bank has provided a $15 million loan to finance Orlando PopStroke, a 16,229-square-foot experiential recreation center and miniature golf venue under construction at 8554 International Drive in Orlando. The Tiger Woods-backed destination will span two stories and will include two 18-hole mini-golf courses, an outdoor rooftop space, a full-service restaurant (as well as the Dune Dog Café), a children’s playground and an outdoor beer garden. The center replaces the former Pirate’s Cove Adventure Park and will be the third PopStroke facility in the Orlando area. Juan Mendiola …
Nashville, Tenn. — Matthews has brokered the $8.5 million sale of a retail strip center located at 1000 Woodland St. in east Nashville’s Five Points district. Built in 2023, the retail center spans 8,207 square feet and houses two tenants: Bartaco and Edley’s Bar-B-Que, which occupy the center on 10-year triple-net leases with annual rent escalations. Ben Burnett of Matthews brokered the transaction. The buyer was a locally based private investor completing a 1031 exchange. The seller was not disclosed. Additionally, Matthews Capital Markets’ team secured a $5.1 million, five-year …
Orlando, Fla. — SRS Real Estate Partners has arranged the $4.5 million sale of a single-tenant restaurant property located within a new 75-acre mixed-use development under construction in Orlando. Chipotle occupies the 2,493-square-foot building on a 15-year corporate-guaranteed absolute triple-net lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based developer and investor. The buyer was a Columbus, Ohio-based investor.
Kansas City, Mo. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot shopping center located in Kansas City. Sprouts Farmers Market anchors the property, which was 83 percent leased at the time of sale. Other tenants include Orangetheory Fitness, Club Pilates, Caribou Coffee and Taco Bell, among others. Chris Robertson of Newmark Zimmer represented the buyer in the transaction. PNC Bank financed the acquisition. Inland Real Estate Income Trust was the seller.
Rosemead, Calif. — Walker & Dunlop has arranged a $46 million loan for the refinancing of Rosemead Place, a 336,718-square-foot power center located in Rosemead, roughly 12 miles east of downtown Los Angeles in the West San Gabriel Valley. Trevor Fase and Lynn Pearson of Walker & Dunlop secured the fixed-rate, interest-only permanent debt loan. Joel Minugh and James Ko of Wells Fargo provided the loan for the borrower, a family office. Rosemead Place features a mix of tenants including Target, LA Fitness, Ross Dress for Less, PetSmart, ULTA Beauty and …
Annapolis, Md. — MCB Real Estate has purchased an ownership interest in Annapolis Plaza, a 165,565-square-foot shopping center located in Annapolis. An unnamed institutional partner of MCB will retain an ownership interest in the retail property, while MCB will oversee leasing strategy, asset management and property management at the center. The seller and sales price were not disclosed, as well as the percentage of the ownership stake. Annapolis Plaza’s tenant roster includes Trader Joe’s, Homesense, HomeGoods and Marshalls. World Market plans to open a new 16,818-square-foot store at the shopping …
Linden, N.J. — Stockbridge Capital Group and Cypress Equities have sold The Shops at Legacy Square, a 93,785-square-foot retail center located in the Northern New Jersey community of Linden. Completed in 2021, the five-building center was 80.6 percent occupied at the time of sale. The property also features multiple fully leased shadow pad sites with tenants such as Starbucks Coffee, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental. J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the sellers in the transaction. JLL’s Michael …
La Porte, Texas — Marcus & Millichap has brokered the sale of La Porte Plaza, a 20,477-square-foot multi-tenant retail center located in La Porte, approximately 25 miles east of downtown Houston. Justin Miller marketed the property on behalf of the seller, an out-of-state investor, and procured the buyer, a local investor. Built in 2014 on 2.3 acres, La Porte Plaza features a mix of tenants including Dollar Tree, Firehouse Subs, Donald’s Donuts, La Monarca Ice Cream and Taquerias Arandas.
Port Charlotte, Fla. — JLL has brokered the $23.5 million sale of Promenades Port Charlotte, a 226,000-square-foot grocery-anchored shopping center located at 3280 Tamiami Trail in Port Charlotte. The 1970s-era property was completely renovated in 2024, and its Winn-Dixie anchor was recently rebranded to Aldi. Promenades Port Charlotte was 79.5 percent leased at the time of sale to tenants including Bealls Outlet, HCA Florida Fawcett Hospital and YouFit Gym. Danny Finkle, Jorge Portela, Kim Flores and Jacob Wise of JLL represented the undisclosed seller in the transaction. Kenny Cutler and …
