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The-Shoppes-at-North-Brunswick
Investment salesNew JerseyNews

JLL Negotiates Sale of The Shoppes at North Brunswick in Central New Jersey

by Abby Cox

North Brunswick, N.J. — JLL Capital Markets has negotiated the sale of The Shoppes at North Brunswick, a 147,000-square-foot shopping center located in North Brunswick, approximately 40 miles southwest of Manhattan. Built in 2007 across nearly 16 acres, the center is 86.7 percent occupied. Tenants at the property, which is home to 42 retailers and five office tenants, include Starbucks, Chipotle Mexican Grill, Bath & Body Works, Men’s Warehouse, Crumbl Cookies, Banana Republic, Big Blue Swim School and Orangetheory Fitness. Roughly 20,000 square feet is still available for lease. Jose …

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Crunch-Fla
FloridaInvestment salesNewsTexas

SRS Real Estate Brokers Sale of Two Single-Tenant Retail Properties Totaling $27.4 Million in Florida, Texas

by Abby Cox

Lake Worth Beach, Fla. and Rowlett, Texas — SRS Real Estate Partners has brokered the $27.4 million sale of two single-tenant retail properties occupied by Crunch Fitness in Lake Worth Beach, Florida and Rowlett, Texas. Matthew Mousavi and Patrick Luther of SRS Real Estate represented both the seller, a multi-state developer, and the buyer, a publicly traded REIT, in the transaction. The first property, located at 3601 Lakeview Parkway in Rowlett, totals 40,000 square feet and sold for nearly $13.8 million. Situated at 4681 Hypoluxo Road in Lake Worth Beach, the …

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TGI-Fridays
Company newsDevelopmentNewsRestaurantsTexas

TGI Fridays Unveils New Expansion Plan, Targets 1,000 New Restaurants by 2030

by Abby Cox

Dallas — Dallas-based casual dining chain TGI Fridays has unveiled a new expansion plan. Under its “1-2-3 Strategic Vision,” the company is aiming for more than 1,000 new restaurants and $2 billion in revenue by 2030. The U.S.-based company intends to support its strategy with initiatives such as menu and beverage changes, improved guest experiences and upgrades to restaurant atmosphere. The brand’s growth strategy also includes a diverse mix of formats, including high-volume airport locations to hotel concepts and traditional full-service restaurants. TGI Fridays filed for Chapter 11 bankruptcy in November …

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Durham-Festival
Company newsGrocery-anchoredInvestment salesMarylandNewsTexas

MCB Real Estate Completes Acquisition of Epic Real Estate Partners

by Abby Cox

Baltimore and Austin, Texas — MCB Real Estate, a privately held commercial real estate firm based in Baltimore, has completed the acquisition of Austin-based Epic Real Estate Partners. The transaction includes 15 grocery-anchored shopping centers owned in partnerships totaling more than 2 million square feet of retail space across 10 states, with a total portfolio value exceeding $575 million, as well as the operating company, which has 13 employees. The properties were cumulatively 92 percent leased at the time of the merger, and the ownership structure of all property-level limited partnerships …

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pleasant-valley-plaza
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Arranges $20.3 Million Sale of Grocery-Anchored Center in Oxnard, California

by Abby Cox

Oxnard, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Pleasant Valley Plaza, an 81,128-square-foot grocery-anchored shopping center in Oxnard, for $20.3 million. Originally built in 1961 and renovated in 2022, Pleasant Valley Plaza is 95 percent occupied and includes a mix of tenants including La Plaza Meat Market, O’Reilly Auto Parts, H Mart and Metro by T-Mobile, as well as various restaurants, service tenants and neighborhood retailers. Sean Cox and Kevin Fryman represented the seller, a private partnership based in Los Angeles. The buyer, a …

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perimeter-pointe
DevelopmentGeorgiaMixed-useNews

Ardent Cos. Acquires 360,000-Square-Foot Perimeter Pointe in Atlanta, Plans Mixed-Use Redevelopment

by Abby Cox

Sandy Springs, Ga.  — The Ardent Cos. has acquired Perimeter Pointe, a 360,000-square-foot retail property located in Atlanta’s Central Perimeter submarket of Sandy Springs, with plans to transform the property into a mixed-use development. Renovations will include the prioritization of walkability and accessibility, an improved tenant lineup, the lease up of vacant space and remerchandising the existing tenant mix. The redevelopment will also feature the addition of a multifamily component to the property. Current tenants at Perimeter Pointe include Five Below, Office Depot, Dick’s Sporting Goods and HomeGoods.

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Clarksville-Square
Investment salesNewsTennessee

Dowd Cos. Negotiates Sale of Clarksville Square in Northern Tennessee for $5.6 Million

by Abby Cox

Clarksville, Tenn. — The Dowd Cos. has negotiated the sale of Clarksville Square, an 89,924-square-foot shopping center located in Clarksville, for $5.6 million. Built in 1967, the center was fully leased at the time of sale to 10 tenants including Dollar Tree, Big Lots, Farmers Home Furniture and an O’Reilly Auto Parts outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the seller in the transaction. The buyer was a local investor.

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6501-Coliseum-Blvd
Investment salesLouisianaNews

Marcus & Millichap Brokers $4.2 Million Sale of 43,084-Square-Foot Shopping Center in Central Louisiana

by Abby Cox

Alexandria, La. — Marcus & Millichap has brokered the $4.2 million sale of a 43,084-square-foot shopping center located at 6501 Coliseum Blvd. in the Central Louisiana city of Alexandria. Built in 1994, the center is fully leased to 13 tenants including CHRISTUS Health and Louisiana HomeCare. The property is shadow-anchored by a Walmart Supercenter, which has operated on the site since 2008. Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller, a Florida-based private partnership, in the transaction. Steve Greer was Marcus & Millichap’s broker of record in Louisiana.

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Evereve
LeasingMixed-useNevadaNews

Vestar Signs Leases with Four New Tenants at The District at Green Valley Ranch in Metro Las Vegas

by Abby Cox

Henderson, Nev. — Vestar has signed leases with four new tenants at The District at Green Valley Ranch, a 385,000-square-foot mixed-use project located in Henderson, approximately 16 miles southeast of Las Vegas. California Closets and Solidcore opened at the center in December, while skincare brand Glo30 will debut in March. Lastly, fashion boutique Evereve will open this summer. The latest retail additions bring 9,000 square feet of new tenants to The District at Green Valley Ranch, which is currently 95 percent leased. Other tenants at the property include Urth Caffé, Bluemercury, …

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Dior-Saks
Company newsFinanceNew YorkNews

Saks Global Files for Chapter 11 Bankruptcy, Secures $1.75 Billion Financing Commitment

by Abby Cox

New York City — Saks Global Holdings LLC, the owner of luxury retailers such as Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, has filed for voluntary Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas. The company secured a financing commitment of approximately $1.75 billion, comprising $1.5 billion from an ad hoc group of the company’s senior secured bondholders and roughly $240 million of incremental liquidity from its asset-based lenders. Saks Global says the financing package will strengthen its balance sheet and position …

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