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DevelopmentGeorgiaMixed-useNews

Connolly Completes $70 Million Parkside on Dresden Mixed-Use Community in Metro Atlanta

by Abby Cox

Brookhaven, Ga. — Connolly, an Atlanta-based real estate developer and investor, has completed Parkside on Dresden, a $70 million mixed-use community located in Brookhaven, a northeast suburb of Atlanta. Situated on a 4-acre site, Parkside on Dresden includes 176 luxury apartments, seven townhomes, a six-level parking deck and 28,000 square feet of ground-level retail that is fully leased. Tenants include F45 Training Brookhaven, Balanced Aesthetics Medspa, Brookhaven Dance, Café Vendôme, CleanJuice Brookhaven, Confab Kitchen and Bar, El Valle, Greene’s Fine Foods, Honeysuckle Gelato, MIRAE, Stretch Lab and Sugarcoat Beauty. One 3,751-square-foot …

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Investment salesNevadaNews

Lucescu Realty Negotiates $38.6 Million Sale of Peccole Plaza Shopping Center in Las Vegas

by Abby Cox

Las Vegas — Lucescu Realty has arranged the sale of Peccole Plaza, a 161,978-square-foot shopping center located in Las Vegas. Peccole Enterprises sold the property to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza is fully leased to a variety of tenants including Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty represented the seller and procured the buyer in the transaction.

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CaliforniaInvestment salesNews

Progressive Real Estate Brokers $13.5 Million Sale of Multi-Tenant Retail Center in Metro Los Angeles

by Abby Cox

Walnut, Calif. — Progressive Real Estate Partners has negotiated the $13.5 million sale of The Shops at Walnut Hills Plaza, a 37,173-square-foot shopping center located at 18718-18766 Amar Road in Walnut, roughly 23 miles east of downtown Los Angeles. Portola Real Estate Partners acquired the property from a Los Angeles-based private. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the transaction. Built in 1983, The Shops at Walnut Plaza is fully leased and features 19 tenants including O’Reilly Auto Parts, Little Elephants Kids Place, …

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LeasingMixed-useNewsTexas

Wilks Development Signs Leases with Three New Tenants at Firefly Park in Frisco, Texas

by Abby Cox

Frisco, Texas — Wilks Development has signed leases with three new tenants at Firefly Park, a 217-acre mixed-use project under construction in Frisco, roughly 28 miles north of Dallas. Frenchie, Woodhouse Spa and Second Rodeo will join sportswear retailer TYLER’S at the Shops at Firefly Park. With the latest deals, phase one retail is now 41 percent leased, totaling nearly 46,000 square feet.  All four tenants are expected to open in fall 2027 alongside Firefly Park’s initial phase, which will include retail, residential, office and hotel space. Upon full buildout, …

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FloridaInvestment salesNews

MHCommercial Real Estate Fund Acquires Shoppes at Victoria Square on Florida’s Space Coast for $16 Million

by Abby Cox

Merritt Island, Fla. — A TIC including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square, for $16 million. Situated approximately 50 miles east of Orlando near the Kennedy Space Center, the Shoppes at Victoria Square totals 109,000 square feet and is anchored by Burlington, Five Below and Ulta Beauty. The property was 98 percent leased at the time of sale. John K. Crotty, Michael T. Fay, David Duckworth, Brian C. De …

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FloridaInvestment salesMixed-useNews

Concord Wilshire Acquires 43-Acre Mixed-Use Development Site in Royal Palm Beach, Florida for $60 Million

by Abby Cox

Royal Palm Beach, Fla. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the previous owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at …

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Investment salesNewsTexas

Newman Commercial Purchases 7,100-Square-Foot Retail Center in The Woodlands, Texas

by Abby Cox

The Woodlands, Texas — Newman Commercial Real Estate has acquired Grogan’s Forest Center, a 7,100-square-foot neighborhood center located in The Woodlands, a mixed-use development located about 30 miles north of Houston. Serving as a convenience-oriented retail node within the Grogan’s Mill area, the center is home to a mix of tenants including Komeya Sushi & Ramen, Great Clips, Prime Dental Care USA and Feng Cha.

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Investment salesNewsTexas

RealSource Group Arranges $5.4 Million Sale of Single-Tenant Retail Property in Metro Houston

by Abby Cox

Kemah, Texas — RealSource Group has arranged the $5.4 million sale of a single-tenant retail property located in Kemah, roughly 30 miles southeast of downtown Houston. Mister Car Wash occupies the 5,462-square-foot building, which was built in 2021, on a corporate guaranteed lease. Austin Blodgett and Jonathan Schiffer of RealSource Group, in association with ParaSell Inc., represented the seller, a private investor based in Houston. Chase Cameron of Matthews Real Estate Investment Services represented the Southern California-based buyer. Tucson, Arizona-based Mister Car Wash operates more than 550 locations nationwide and …

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CaliforniaInvestment salesNews

Valore Ventures Sells 5,597-Square-Foot Single-Tenant Restaurant Property in Northern California

by Abby Cox

Chico, Calif. — Valore Ventures has sold a newly constructed, single-tenant restaurant property located at 2018 Forest Ave. in Chico. Chick-fil-A occupies the 5,597-square-foot building, which features a dual-lane drive-thru. Matthew Mousavi and Patrick Luther of SRS Real Estate Partners represented Valore Ventures in the transaction. Michael Matter of JLL represented the buyer, a local private investor. Additional details were not disclosed.

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FloridaInvestment salesNews

Levy Realty Advisors Arranges $20 Million Sale of 124,000-Square-Foot Shopping Center Near Fort Lauderdale

by Abby Cox

Coconut Creek, Fla. — Levy Realty Advisors has arranged the $20 million sale of a 124,000-square-foot shopping center located at 6806-6814 N. State Road-7 in Coconut Creek, approximately 13 miles north of Fort Lauderdale. Brandon Abdelnour and Marcel Saraskin of Encore Real Estate Investment Services represented the buyer, BrassWater, a Montreal-based real estate development firm. Alan Levy and Lielle Sosa of Levy Realty Advisors represented the seller, Coconut Fields, in the transaction. Park Creek Surgery Center anchors the center, which features additional tenants such as Haverty’s and Akumin.

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