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Newmans-Crossing
Grocery-anchoredInvestment salesNewsTennessee

Blackwater Real Estate Sells 63,987-Square-Foot, Grocery-Anchored Center in Metro Nashville, Tennessee

by Abby Cox

Gallatin, Tenn. — Blackwater Real Estate has sold Newmans Crossing, a 63,987-square-foot retail center located in Gallatin, approximately 30 miles northeast of Nashville. Built in 2022 and 2023, the fully leased property is anchored by a 48,387-square-foot Publix. Additional tenants include Agaves Mexican Restaurant, Kung Fu Tea, Ichiban Steak Express, Fowler Family Dentist, Galaxy Nail Bar and Crown & Iris. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented Blackwater Real Estate in the transaction. Publix purchased the property for an undisclosed price.

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Park-Plaza
Investment salesNew JerseyNews

Marcus & Millichap Brokers $14.7 Million Sale of Retail Center in Central New Jersey

by Abby Cox

Matawan, N.J. — Marcus & Millichap has brokered the $14.7 million sale of Park Plaza, a 61,750-square-foot retail center located in Matawan, approximately 40 miles south of Manhattan. Built in 1986, the property features 20 retail suites and a mix of dining, lifestyle and service-oriented tenants, including a Dunkin’ with a drive-thru. Seth Goldberg, Brent Hyldahl and Alan Cafiero of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors from New Jersey. 

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Hylo-Park-South
DevelopmentGrocery-anchoredNevadaNews

Agora Realty Completes Construction of 90,750-Square-Foot, Grocery-Anchored Center in North Las Vegas

by Abby Cox

North Las Vegas, Nev. — Agora Realty has completed the construction of Hylo Park South, a 90,750-square-foot retail center located in North Las Vegas. The property will serve as the central gathering place for Hylo Park, a 73-acre master-planned community currently under development. The 11-acre center is 95 percent leased to tenants including Ross Dress for Less, Starbucks Coffee, Chipotle Mexican Grill, In-N-Out Burger, PDS Health, AT&T, The UPS Store, Chase Bank, Allstate, Sourdough & Co. and Tesla. Cardenas Markets anchors the property, which will open in early 2027.

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north-bridge
DevelopmentIllinoisNews

Pacific Life, Centennial to Renovate The Shops at North Bridge in Chicago

by Abby Cox

Chicago — The Shops at North Bridge, a 678,000-square-foot retail center located along Chicago’s Magnificent Mile, is undergoing a $40 million renovation led by owner Pacific Life and property manager Centennial Real Estate. The multi-phase restoration will introduce a new street presence, hospitality-inspired interiors and a reimagined mix of retail and dining. The redesigned entrance at the property will emphasize visual connectivity between Michigan Avenue and the interior retail environment, and will include updated tenant signage and architectural enhancements. Nordstrom’s flagship location will remain a central component of the design. …

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7-11-Walterboro-SC
Investment salesNewsSouth Carolina

Marcus & Millichap Brokers $9.5 Million Sale of Single-Tenant Retail Property in Walterboro, South Carolina

by Abby Cox

Walterboro, S.C. — Marcus & Millichap has brokered the $9.5 million sale of a newly constructed gas station and convenience store located in Walterboro. 7-Eleven and a CAT Scale weigh station occupy the 4,824-square-foot property. Haris Hanifi and Robert Filley of Marcus & Millichap represented the buyer in the transaction. Benjamin Yelm was the firm’s broker of record in South Carolina.

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ArizonaGrocery-anchoredMixed-useNews

Safeway Opens 64,000-Square-Foot Location at The Gilmore Mixed-Use Development in Metro Phoenix

by Abby Cox

Gilbert, Ariz. — Safeway has opened a 64,000-square-foot location at The Gilmore, a 35-acre mixed-use development by Thompson Thrift in the Phoenix suburb of Gilbert. Safeway will anchor the $225 million project, which is also set to feature 300 luxury apartments, a hotel and roughly 200,000 square feet of boutique shopping, dining and public gathering spaces. Additional tenants will include Better Buzz Coffee, Handel’s Ice Cream, Jersey Mike’s, Nook Kitchen, Over Easy, EDO Japan, Rebel Wine Lounge, Phantom Fox Brewery, Outcast Doughnuts, Level 1 Arcade Bar, Sweathouz and Honey Go Nails. …

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CaliforniaLeasingNews

Storyliving by Disney Signs Leases with Six New Tenants at Cotino Bay Beach Development in Rancho Mirage, California

by Abby Cox

Rancho Mirage, Calif. — Storyliving by Disney has signed leases with six new tenants at Cotino Bay Beach, Dining and Shops, a waterfront town center underway in Rancho Mirage, approximately 10 miles southeast of Palm Springs. New tenants include Asada Cantina + Kitchen, Mojave Flea Trading Post, SottoSopra, Big Juice, It Refills and La Dolce Piccola Gelateria. The newest businesses join previously announced restaurants and retailers including Elevare, Artigiano and On the Mark Fine Foods & Provisions. The first phase of dining, retail and gathering spaces at the town center is …

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Village-Shoppes_Indian-Trail
Investment salesNewsNorth Carolina

Marcus & Millichap Brokers $3.3M Sale of Retail Center in Metro Charlotte, North Carolina

by Abby Cox

Indian Trail, N.C. — Marcus & Millichap has brokered the $3.3 million sale of Village Shoppes, a 12,075-square-foot, retail strip center located in Indian Trail, roughly 16 miles southeast of Charlotte. Situated on a 2-acre lot near a Walmart Supercenter, Village Shoppes was fully leased at the time of sale to Little Caesars, a dentist practice, pet store, salon and a performing arts studio. A fund-based private equity group purchased the property from a partnership based on the West Coast. Harrison Creason, Andrew Margulies and Kyle Carpentier of Marcus & Millichap …

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1125-Olive-Dr-Bakersfield-CA
CaliforniaInvestment salesNews

Torrey Financial Group Sells Single-Tenant Retail Property in Bakersfield, California, for $2.6 Million

by Abby Cox

Bakersfield, Calif. — San Diego-based Torrey Financial Group has sold a single-tenant retail property located in the San Joaquin Valley city of Bakersfield for $2.6 million. The 8,302-square-foot, newly renovated building was originally constructed in 2013. AutoZone occupies the property on a new 15-year triple-net lease featuring 10 percent rental increases every five years. Jeff Lefko and Bill Asher of Hanley Investment Group Real Estate Advisors represented the seller in the deal, while Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer, a Los Angeles-based investor.

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IllinoisInvestment salesNews

Newmark Brokers Sale of 51,795-Square-Foot Retail Condo Along Chicago’s Magnificent Mile

by Abby Cox

Chicago — Newmark has brokered the sale of a 51,795-square-foot retail condominium at 919 N. Michigan Ave. along Chicago’s Magnificent Mile. Louis Vuitton is the anchor tenant and has occupied space at the property for more than 20 years. The luxury retailer recently completed a renovation and expansion of its flagship store and extended its lease. Keely Polczynski and Conor Lalor of Newmark represented the buyer, L3 Capital. Joe Girardi of Mid-America Real Estate represented the undisclosed seller. The store occupies the base of the historic, 37-story Palmolive Building. The …

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