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Creekside Village Green
FinanceInvestment salesNewsTexas

JLL Arranges Sale, Financing of Creekside Village Green Lifestyle Center in Metro Houston

by Abby Cox

The Woodlands, Texas — JLL Capital Markets has arranged the sale and financing of Creekside Village Green, a 74,615-square-foot lifestyle center located in The Woodlands, roughly 30 miles north of Houston. John Indelli, Adam Howells, Ryan West and Dawson Hastings of JLL represented the seller, Kobalt Investment Co., in the transaction. Phillips Edison & Co. was the buyer. Creekside Village Green was 98 percent leased at the time of sale to tenants including Field’s Local Kitchen & Bar, Shogun Japanese Grill & Sushi, Jordan’s Sweet Shoppe, Frutta Bowls, Threadfare Children’s …

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shoppes-at-destiny
FloridaInvestment salesNews

Dowd Cos. Brokers $5.1 Million Sale of 12,734-Square-Foot Retail Center in Destin, Florida

by Abby Cox

Destin, Fla. — The Dowd Cos. has brokered the $5.1 million sale of The Shoppes of Destiny, a 12,734-square-foot retail center located in Destin. The center was fully leased at the time of sale to five tenants including Avantgarde Salon, Beyond Fit, Bella Beach, Beautiful Lights and Kiki Rissa. John Dowd and Theresa Johnson of The Dowd Cos. represented the seller in the transaction. The buyer was a Destin-based local investor.

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Kohls_Knoxville
Investment salesNewsTennessee

Marcus & Millichap Negotiates Sale of 86,584-Square-Foot Single-Tenant Retail Property in Knoxville, Tennessee

by Abby Cox

Knoxville, Tenn. — Marcus & Millichap has negotiated the sale of an 86,584-square-foot single-tenant retail property located in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was also added to the Kohl’s in 2023. The property is situated on 32.7 acres, roughly eight miles from downtown Knoxville and the University of Tennessee. Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the seller in the transaction. Jody McKibben served as Marcus & Millichap’s …

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Lowe's
Grocery-anchoredLeasingNewsTexas

Weitzman Signs Lowe’s as Anchor Tenant at Manvel Town Center in Texas

by Abby Cox

Manvel, Texas — Lowe’s Home Improvement will open a 94,000-square-foot store at Manvel Town Center, a 273-acre retail and restaurant district under construction in Manvel, roughly 24 miles south of Houston. Lowe’s will join the 108,000-square-foot HEB grocery store as a co-anchor tenant. Upon completion, Manvel Town Center will comprise 1 million square feet of retail, entertainment, hospitality, medical and office space. Tenants at the center include Chipotle, Whataburger, Jersey Mike’s Subs, Smoothie King, McDonald’s, Teal Ridge Dental Care, Verizon, Memorial Hermann-GoHealth Urgent Care, Great American Cookie, Dunkin’ Donuts/Baskin-Robbins, Supercuts, …

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The Quad at Whittier
CaliforniaGrocery-anchoredInvestment salesNewsPower centers

Brixton Capital Acquires The Quad at Whittier for $100 Million in California

by Abby Cox

Whittier, Calif. — Brixton Capital has acquired The Quad at Whittier, a 314,593-square-foot, grocery-anchored power center located in Whittier, approximately 20 miles southeast of Los Angeles, for $100 million. A portion of the funding for the acquisition originated from a $250 million retail-focused joint venture between Brixton Capital and an undisclosed global investment firm. Chase Levra and Chris Hoffmann of Eastdil Secured represented the undisclosed seller, while Brixton Capital represented itself in the transaction. The Quad at Whittier spans nine buildings and was 95.6 percent leased at the time of sale. …

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Delray-Landing
FloridaGrocery-anchoredInvestment salesNews

PEBB, Topvalco Sell Sprouts-Anchored Shopping Center in South Florida for $30 Million

by Abby Cox

Delray Beach, Fla. — A joint venture between PEBB Enterprises and Cincinnati-based Topvalco Inc. has sold Delray Landing, a 70,426-square-foot shopping center located at 5024-5070 W. Atlantic Ave. in Delray Beach. Sprouts Farmers Market anchors the shopping center, whose tenant roster also includes Retro Fitness, Keke’s Breakfast Café, CJ’s Sports Bar & Grill and Good Vets. An entity doing business as 30 Realty LLC purchased the shopping center for $30 million. Eric Williams and Cole Frantz of Newmark represented the seller in the transaction. During their ownership period, PEBB and …

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former-kmart-round-lake-illinois
IllinoisIndianaInvestment salesNews

Mid-America Real Estate Arranges Sale of Two Retail Properties in Illinois, Indiana

by Abby Cox

Round Lake, Ill. and Michigan City, Ind. — Mid-America Real Estate Corp. has arranged the sale of two retail properties in Illinois and Indiana. Andy Bulson, Mike Phillips, Dick Spinell and Mike Fitzgerald represented the seller and owner, Transformco — the company holding former Kmart/Sears assets — in both transactions. The first property, a 190,174-square-foot former Super Kmart store located in Round Lake, was purchased by Target Stores. The second property, a former Sears and Sears Auto Center complex situated directly within Marquette Mall in Michigan City, totals a combined 105,270 …

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902-W-Washington
CaliforniaInvestment salesNews

Location Matters Negotiates $3.2 Million Sale of a Single-Tenant Restaurant Property in Mission Hills, California

by Abby Cox

Mission Hills, Calif. — San Diego-based Location Matters has negotiated the $3.2 million sale of a single-tenant restaurant property located in the San Diego neighborhood of Mission Hills. Situated at 902 W. Washington St., the 2,505-square-foot building is occupied by contemporary American restaurant Harley Gray Kitchen & Bar, which has operated at the site for 12 years. Mike Spilky of Location Matters represented both the seller and the buyer in the transaction. The buyer plans to reposition the space with a new restaurant concept.

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NewsRetailersWashington

Amazon to Close Physical ‘Go’ and ‘Fresh’ Grocery Stores, Expands Whole Foods Market Brand

by Abby Cox

Seattle — Amazon is announcing plans to close its Amazon Go and Amazon Fresh brick-and-mortar stores. A total of 57 Amazon Fresh and 15 Amazon Go stores will shut down in February, according to several media sources. Amazon first launched the cashier-less Amazon Go stores in 2018 and expanded in 2020 with the first Amazon Fresh grocery stores. According to the company, Amazon will instead focus on an effort to prioritize expansion for Whole Foods Market, which it acquired in 2017. Amazon is expected to open more than 100 new Whole …

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first-street-napa
CaliforniaFinanceMixed-useNews

CBRE Arranges $57.6 Million in Refinancing for First Street Napa Mixed-Use Property in California

by Abby Cox

Napa, Calif. — CBRE has arranged $57.6 million in refinancing for First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Andy Gross of CBRE secured the loan through Knighthead Funding on behalf of the borrower, Zapolski Real Estate. Located at 1300 First St., the property features 163,000 square feet of retail, dining, tasting rooms and office space across six buildings. First Street Napa is currently 88 percent leased to a variety of tenants, including Lululemon, Compass, Free People and Silicon Valley Bank, with new retail additions …

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