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Pacific-Town-Center
CaliforniaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers $27 Million Sale of Pacific Town Center in Stockton, California

by Abby Cox

Stockton, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $27 million sale of Pacific Town Center, a newly remodeled, 142,957-square-foot shopping center located in Stockton. Smart & Final Extra!, Chuze Fitness and Ross Dress for Less anchor the center, which was fully leased at the time of sale. Additional tenants include Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental. Pacific Town Center was originally built in 2003 on roughly 10 acres. Sean Cox and Kevin Fryman of Hanley represented the seller, …

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Salem-Gate-Market
FinanceGeorgiaInvestment salesNews

JLL Negotiates $25.4 Million Sale, Financing of Salem Gate Market in Metro Atlanta

by Abby Cox

Conyers, Ga. — JLL Capital Markers has negotiated the $25.4 million sale of Salem Gate Market, a 177,527-square-foot retail center located in Conyers, a southeast suburb of Atlanta in Rockdale County. Brad Buchanan, Jim Hamilton, Andrew Kahn and Anton Serafini of JLL represented the seller, Tri-Land Properties, in the transaction. Gregg Shapiro, Hunter Goldberg and Austin Smith, also of JLL, represented the buyer, Highline Real Estate Capital LLC, in procuring the acquisition loan. Salem Gate Market is fully leased to tenants including Floor & Decor, Academy Sports + Outdoors, Northern Tool …

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Winston-Plaza
FinanceIllinoisNews

Pacific Southwest Realty Arranges $36 Million in Refinancing for Winston Plaza in Melrose Park, Illinois

by Abby Cox

Melrose Park, Ill. — Pacific Southwest Realty has arranged $36 million in refinancing for Winston Plaza, a 400,000-square-foot shopping center located in the Chicago suburb of Melrose Park. Kostas Kavayiotidis of Pacific Southwest Realty and Bryan Gortikov of Gortikov Enterprises arranged the loan through Wells Fargo on behalf of the borrower, NewMark Merrill. Sandra Kist and Josh Ginsborg internally represented NewMark Merrill in the transaction. NewMark Merrill acquired Winston Plaza in 2008, and shortly thereafter completed an extensive remodeling and repositioning of the property. The center has added more than 100,000 square feet of new retailers in the …

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CFA-Placentia-Rendering-SRS
CaliforniaInvestment salesNews

SRS Real Estate Arranges Sale of Single-Tenant Retail Property in Placentia, California, for $7.9 Million

by Abby Cox

Placentia, Calif. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-Fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.

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Lauren-Parc-Shopping-Center
Investment salesLouisianaNews

Dowd Cos. Brokers $4.1 Million Sale of Lauren Parc Shopping Center in Abbeville, Louisiana

by Abby Cox

Abbeville, La. — The Dowd Cos. has brokered the $4.1 million sale of Lauren Parc Shopping Center, a 34,125-square-foot retail center located in Abbeville, approximately 21 miles southwest of Lafayette. Originally built in 2014, the center was 95 percent leased at the time of sale to nine tenants including Dollar Tree, AT&T and Anytime Fitness. The transaction also includes an additional outparcel. John Dowd and Theresa Johnson of The Dowd Cos. represented the buyer, an out-of-state investor, and the seller, in the transaction.

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Bristol-Plaza
ConnecticutGrocery-anchoredInvestment salesNews

Sterling Organization Buys 263,829-Square-Foot Grocery-Anchored Center in Bristol, Connecticut, for $44.4 Million

by Abby Cox

Bristol, Conn. — Sterling Organization has acquired Bristol Plaza, a 263,829-square-foot grocery-anchored shopping center located in Bristol, approximately 20 miles southwest of Hartford, for $44.4 million. Bristol Plaza was 93.1 percent occupied at the time of sale to tenants including a Stop & Shop supermarket, T.J. Maxx, Burlington, Dollar Tree and Starbucks Coffee. Chris Angelone, Zach Nitsche, Alex Quinn, Sam Wiesman and Henry Schaffer of JLL’s Investment Sales and Advisory team represented the seller, Federal Realty Investment Trust, in the transaction.

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Lake-Meadows
Grocery-anchoredIllinoisInvestment salesNews

NewMark Merrill Cos. Acquires 179,106-Square-Foot Lake Meadows Shopping Center in Chicago

by Abby Cox

Chicago —NewMark Merrill Cos. has acquired Lake Meadows Shopping Center, a 179,106-square-foot retail center in Chicago. Jewel-Osco anchors the center, which was 85 percent leased at the time of sale. Additional tenants include LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill will upgrade the property with new signage, lighting and gathering spaces. The firm also has plans to promote the center’s businesses and operators by hosting events for the neighborhood. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello internally represented NewMark Merrill in the transaction. …

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Tampa-Bay-Center
FinanceFloridaNews

JLL Arranges $22.8 Million in Financing for Tampa Bay Center in Florida

by Abby Cox

Tampa, Fla. — JLL Capital Markets has arranged $22.8 million in financing for the acquisition of Tampa Bay Center, a 149,375-square-foot shopping center in Tampa. Josh Odessky, Paul Adams and Justin Ratcliffe arranged the five-year, fixed-rate loan through BankUnited on behalf of the borrower, Triarch Capital Group. Debt was provided through a private family foundation.  Tampa Bay Center is fully leased to 10 tenants including Floor & Décor, Ashley Furniture, Dollar Tree, The Tile Shop and T-Mobile.

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Grocery-anchoredInvestment salesNewsTexas

Joint Venture Acquires 114,099-Square-Foot Beltway South Retail Center in Houston

by Abby Cox

Houston — ShopOne Centers, along with its joint venture partners Pantheon and a global institutional investor, has acquired Beltway South, a 114,099-square-foot retail property located in Houston. Kroger anchors the center, which features a mix of additional tenants including Petco, Cato Fashions, Subway and State Farm, as well as various local service providers and dining options. This transaction marks ShopOne’s first investment in Texas.

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ovation-orlando
DevelopmentEntertainmentFloridaMixed-useNews

Accesso Acquires Development Site in Orlando for $70 Million, Plans 670,000-Square-Foot Mixed-Use Entertainment District

by Abby Cox

Orlando, Fla. — Accesso has purchased a 76-acre site in Osceola County to develop Ovation Orlando, a master-planned mixed-use entertainment district located at the northeast intersection of Interstate 4 and U.S. 192 in Orlando, for more than $70 million. The project is scheduled to break ground in the first quarter or 2026. Ovation Orlando will be divided into five adjacent zones across 670,000 square feet, which will offer experiential retail, dining, lifestyle amenities and entertainment, as well as 740 hotel rooms and condominiums. The new development will also feature green spaces, …

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