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Block-37
IllinoisInvestment salesNews

Newmark Arranges $30 Million Sale of Trophy Retail Property in Downtown Chicago

by Abby Cox

Chicago — Newmark has arranged the $30 million sale of Block 37, a 277,654-square-foot trophy retail property located in downtown Chicago. Block 37 comprises five floors of retail space anchored by a mix of tenants including Zara, Sephora, AMC Theatres and The Dearborn, and a four-level underground parking garage. The property is situated within the larger Block 37 mixed-use development that also features residential and office towers. Keely Polczynski and Brian Schneiderman of Newmark represented the seller, CIM Group, in the transaction.

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SouthCoast has acquired Sweet Apple Village, a 62,390-square-foot shopping center located in Roswell, Georgia, for $20.3 million.
GeorgiaInvestment salesNews

Matthews Brokers $20.3 Million Sale of 62,390-Square-Foot Sweet Apple Village in Metro Atlanta

by Abby Cox

Roswell, Ga. — Matthews has brokered the $20.3 million sale of Sweet Apple Village, a 62,390-square-foot shopping center located in Roswell, roughly 22 miles north of downtown Atlanta. The transaction marked the highest retail sales price in the Roswell/Alpharetta submarket in four years and the property’s first sale in 15 years. Jeff Enck, Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews internally represented the seller and sourced the buyer, SouthCoast, in the transaction. Sweet Apple Village was 98.2 percent leased at the time of sale to a mix of tenants including …

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Hylo-Park-South-NLV-NV
DevelopmentGrocery-anchoredMixed-useNevadaNews

Agora Realty Breaks Ground on $375 Million Final Phase of Mixed-Use Entertainment Project in North Las Vegas

by Abby Cox

North Las Vegas, Nev. — Agora Realty has broken ground on the third and final phase of Hylo Park, a 73-acre mixed-use entertainment project in North Las Vegas. Upon completion, the $375 million, 25-acre final phase will include a 250,000-square-foot multi-sport indoor field house; an existing multi-sport arena; outdoor public space; a community field; shops and restaurants; a family entertainment center; and a 177-key Hilton Embassy Suites hotel. Completion is slated for late 2027. Additional phases of the development include Hylo Park South, a 90,750-square-foot grocery-anchored retail center that was completed …

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Airpark-Plaza_Miami_Publix
FloridaGrocery-anchoredInvestment salesNews

First Washington Realty Sells Two Miami Shopping Centers to Publix Super Markets

by Abby Cox

Miami — First Washington Realty (FWR), a shopping center owner-operator based in Bethesda, Maryland, has sold two Publix-anchored shopping centers in Miami to Publix Super Markets Inc. The sales price was not disclosed. The properties include Airpark Plaza, a 171,443-square-foot shopping center near Miami International Airport at 5715 N.W. 7th St.; and The Shoppes at Quail Roost, a 73,550-square-foot center located at 20201 S.W. 127th Ave. on the city’s south side. Both properties were fully leased at the time of sale.

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Shops at Edgwater
CaliforniaInvestment salesNews

JLL Negotiates $9.5 Million Sale of Shops at Edgewater in Sand City, California

by Abby Cox

Sand City, Calif. — JLL Capital Markets has negotiated the $9.5 million sale of the Shops at Edgewater, a 25,223-square-foot retail center located at 2080 California Ave. in Sand City.  The fully leased property is occupied by Ulta Beauty, Panera Bread, Mancini’s Sleepworld and a Bank of America ATM. The Shops at Edgewater is also shadow anchored by Target, Ross Dress for Less and Lucky. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL represented the private seller in the transaction. An entity doing business as Sand City Holdings LLC was …

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Eos-Fort-Myers
FloridaInvestment salesNews

SRS Real Estate Arranges $14.3 Million Sale of Single-Tenant Retail Property in Fort Myers, Florida

by Abby Cox

Fort Myers, Fla. —SRSReal Estate Partners has arranged the $14.3 million sale of a single-tenant retail property located at 10560 Colonial Blvd. in Fort Myers. Eōs Fitness occupies the 42,500-square-foot building on a 20-year absolute triple-net, corporate-guaranteed lease. Patrick Nutt and William Wamble of SRS Real Estate represented the seller, a Florida-based developer, in the transaction. The buyer was a Florida-based investor completing a 1031 exchange.

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ArizonaInvestment salesNews

CNSREIT Acquires 303,000-Square-Foot Center in Phoenix

by Abby Cox

Phoenix — Cohen & Steers Income Opportunities REIT (CNSREIT) has acquired Grand Canyon Crossing, a 303,000-square-foot shopping center located in Phoenix. Walmart Supercenter anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Harbor Freight Tools, Wendy’s, YouFit Health Club, Sally Beauty Supply, Nationwide Vision Center, Denny’s, Starbucks Coffee, Sonic, Jamba and Quick Quack Car Wash. The retail center was built on 33 acres in 2005. CNSREIT acquired Grand Canyon Crossing through a programmatic joint venture with the Sterling Organization. Further details of the transaction …

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Promenade_MINISO
ColoradoDevelopmentNews

Galway Cos. Signs New Tenants, Advances Multimillion-Dollar Renovation at The Promenade Shops Centerra in Northern Colorado

by Abby Cox

Loveland, Colo. — Galway Cos. is advancing a multi-million-dollar, property-wide renovation at The Promenade Shops Centerra, a 494,500-square-foot open-air center in Loveland, approximately 46 miles north of Denver. Improvements will include new storefront facades; a redesigned ice rink scheduled to open later next month; new landscaping along Main Street and updated property lighting; additional seating and refreshed outdoor gathering spaces; a new monument sign and new entrance signage; property-wide Wi-Fi and security enhancements; and new roofing across 10 buildings. The broader streetscape renovation is scheduled for completion in spring 2027. …

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High Point Centre
IllinoisInvestment salesNews

Mid-America Arranges Sale of 240,345-Square-Foot Neighborhood Center in Metro Chicago

by Abby Cox

Lombard, Ill. — Mid-America Real Estate has arranged the sale of High Point Centre, a 240,345-square-foot neighborhood center located in Lombard, roughly 22 miles west of downtown Chicago. The property was 68 percent leased at the time of sale to tenants including LA Fitness, Altitude Trampoline Park, Ace Dental, Burger King, Mango Mango Desserts, Sports Clips, Seoul Bites Korean BBQ, Souq Fresh Market and Tropical Smoothie Café. High Pointe Centre was built in 1992. Ben Wineman of Mid-America represented the seller, a publicly traded REIT, in the transaction. The property was …

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Publix
DevelopmentGrocery-anchoredNewsNorth Carolina

Pappas Properties Breaks Ground on Publix-Anchored Retail Center in Metro Charlotte

by Abby Cox

Matthews, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus located roughly 11 miles southeast of Uptown Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The …

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