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Annapolis-Mall
Investment salesMarylandNews

Centennial Sells 1.6 Million-Square-Foot Annapolis Mall to Macerich for $272 Million

by Abby Cox

Annapolis, Md. — Centennial, along with investment partners Kildare Partners and Atlas Hill Real Estate, has sold Annapolis Mall. Macerich acquired the 1.6 million-square-foot retail center for $260 million. The Santa Monica, Calif.-based REIT also purchased an adjacent, vacant parcel that was formerly occupied by Sears for an additional $12 million.  Centennial acquired Annapolis Mall, which is located roughly 30 miles east of Washington, D.C., in September 2024. Unibail-Rodamco-Westfield (URW) previously owned the property and reported the 2024 sales price as $160 million.  Originally opened in 1980, the mall comprises approximately …

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The-Collective-at-Morning-Vista
DevelopmentGrocery-anchoredNewsUtah

CenterCal, Perry Commercial Break Ground on 134,000-Square-Foot Retail Development Near Salt Lake City

by Abby Cox

Lehi, Utah — CenterCal Properties, in partnership with Perry Commercial, has broken ground on The Collective at Morning Vista, a 134,000-square-foot retail development located in Lehi’s Silicon Slopes district, roughly 25 miles south of Salt Lake City. Whole Foods Market will anchor the property. Additional confirmed tenants include Bamboo Sushi, VIO Med Spa and Petfolk Veterinary & Urgent Care. The Collective at Morning Vista will also feature a central community park and outdoor gathering space, as well as outdoor patios and activation areas.

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Whitehall-Plaza
Investment salesNewsPennsylvania

JLL Arranges Sale of 365,071-Square-Foot Shopping Center in Pennsylvania’s Lehigh Valley

by Abby Cox

Whitehall, Pa. — JLL Capital Markets has arranged the sale of Whitehall Plaza, a 365,071-square-foot open-air center located in the Eastern Pennsylvania community of Whitehall. The buyer, Mark Gold of Mishorim Gold Group, internally represented the firm in the purchase. Jim Galbally, Patrick Higgins and JP Colussi of JLL represented the seller in the transaction. Mishorim Gold Group has already initiated the first phases of Whitehall Plaza’s renovation, with plans to invest in a comprehensive revitalization of the property. More than 100,000 square feet of space is already under contract. Tenants …

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Pecan-Plaza-Shops-Queen-Creek-AZ
ArizonaInvestment salesNews

Phoenix Commercial Advisors Negotiates $13.5 Million Sale of Pecan Plaza Shops in Queen Creek, Arizona

by Abby Cox

Queen Creek, Ariz. — Phoenix Commercial Advisors has negotiated the $13.5 million sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center located in Queen Creek, approximately 45 miles southeast of Phoenix. Built in 2022, the 20,325-square-foot property was fully leased at the time of sale. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the seller. The sale of Pecan Plaza Shops marks the final piece of the center sold as part of the seller’s breakup strategy, which was executed in full by Phoenix Commercial …

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8800-8824-Gross-Point-Rd-Skokie
IllinoisInvestment salesNews

Greenstone Partners Brokers $3.9 Million Sale of Retail Center in Metro Chicago

by Abby Cox

Skokie, Ill. — Greenstone Partners has brokered the $3.9 million sale of Gross Point Crossing, a 19,000-square-foot retail center located in Skokie, approximately 15 miles northwest of downtown Chicago. Brewster Hague and AJ Patel of Greenstone represented the seller, a Chicago-based private investor, and procured the buyer, an Ohio-based private real estate investment firm. The value-add property was 67 percent occupied at the time of sale. Located at the intersection of Gross Point Road and Dempster Street, Gross Point Crossing features a mix of food and service-oriented tenants, such as …

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109-E.-Ovilla-Road-Red-Oak-Texas
Investment salesNewsTexas

Curbline Acquires Five-Property Retail Portfolio in Texas

by Abby Cox

Texas — New York City-based Curbline Properties has acquired a five-property retail portfolio across Texas. JLL represented the seller, N3 Real Estate, in the transaction. The portfolio consists of: Various national and local tenants are located at the retail centers including Starbucks Coffee, Handel’s Ice Cream, Burn Boot Camp, Jersey Mike’s Subs, Hotworx, GNC, The UPS Store, Little Caesars Pizza, Anytime Fitness and The Joint Chiropractic.

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price-chopper-plaza
Grocery-anchoredInvestment salesNew YorkNews

Legacy Realty Group Negotiates $4.1 Million Sale of Grocery-Anchored Shopping Center in Upstate New York

by Abby Cox

West Carthage, N.Y. — Legacy Realty Group has negotiated the $4.1 million sale of Price Chopper Plaza, a 52,831-square-foot, grocery-anchored shopping center located in upstate New York. The property, which was 90 percent leased at the time of sale, is home to tenants such as Price Chopper and Aubuchon Hardware. Jacob Baruch and Daniel Baruch of Legacy Realty Group Advisors represented the buyer, while Bruce Ginsburg and Peter VanBortel of IKON Realty Group represented the seller.

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La Mesa
CaliforniaInvestment salesMixed-useNews

Marcus & Millichap Arranges Sale of 12,196-Square-Foot Mixed-Use Building in San Diego

by Abby Cox

San Diego — Marcus & Millichap has arranged the sale of La Mesa, a 12,196-square-foot mixed-use property located in San Diego. Ross Sanchez and Nick Totah of Marcus & Millichap represented the seller and buyer in the deal. Located at 6760 University Ave., the property features a mix of 13 retail and office suites, 28 parking spaces, dual access points and high-visibility frontage. At the time of sale, the building was occupied by service-oriented tenants, including beauty, auto, legal and entertainment uses. The property was built in 1976.

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Springfield-Crossing
LeasingMassachusettsNews

Five New Tenants to Join Springfield Crossing in Western Massachusetts

by Abby Cox

Springfield, Mass. — Five new tenants have signed leases to join Springfield Crossing, a 34-acre, open-air center under development in the western Massachusetts city of Springfield. Target, which will anchor the next phase of development, is set to open this summer. Other tenants that will be debuting in the coming months include Chase Bank, Playa Bowls, Be Young Day Spa and Beyond Oishii. These tenant additions build on Springfield Crossing’s initial phase that launched in late 2025 with BJ’s Wholesale Club. Onyx Partners acquired the former Eastfield Mall site in 2023 …

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bay-terrace
FinanceGrocery-anchoredNew YorkNews

JLL Arranges $150 Million in Financing for Bay Terrace Shopping Center in Queens

by Abby Cox

New York City — JLL Capital Markets has arranged $150 million in financing for the Bay Terrace Shopping Center, a grocery-anchored retail property in the Bayside neighborhood of Queens. JLL secured the loan through New York Life Real Estate Investors on behalf of the locally based borrower, Cord Meyer Development. Located at the intersection of 26th Avenue and Bell Boulevard, Bay Terrace totals 326,445 square feet and was approximately 90 percent leased at the time of financing. Anchored by Stop & Shop, the property is also home to HomeGoods, AMC …

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