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HawaiiInvestment salesNews

BH Properties Acquires The Shops at Mauna Lani on Hawaii’s Kohala Coast

by Abby Cox

Kamuela, Hawaii — Los Angeles-based BH Properties has acquired The Shops at Mauna Lani, a 75,000-square-foot open-air center located along the Kohala Coast in Hawaii. Terms of the transaction were not disclosed. Anchored by a Tommy Bahama Restaurant & Bar, The Shops at Mauna Lani features a mix of additional tenants including Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations, a Foodland Farms grocery store, as well as local retailers, art galleries and wellness operators. The 6-acre center serves as the primary retail and dining destination for the surrounding …

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Whole-Foods-Madison-Yards
Grocery-anchoredInvestment salesMixed-useNewsWisconsin

Mid-America Brokers Sale of 51,361-Square-Foot Single-Tenant Retail Property in Madison, Wisconsin

by Abby Cox

Madison, Wis. — Mid-America Real Estate Corp. has brokered the sale of a newly developed, single-tenant retail property located in Madison. Whole Foods Market occupies the 51,361-square-foot building, which serves as the anchor tenant for Madison Yards, a 21-acre mixed-use development under construction. Dan Rosenfeld, Andrew Lund, Nick Kohlmann and George Ghattas represented the seller, Summit Smith Development, in the transaction. The property was acquired by a private buyer. In addition to Whole Foods Market, Madison Yards will feature more than 500 luxury apartments and 400,000 square feet of medical/office space, as well …

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GeorgiaInvestment salesNews

Prudent Growth Partners Sells River Pointe Commons in Metro Atlanta for $6 Million

by Abby Cox

Dallas, Ga. — Chapel Hill, North Carolina-based Prudent Growth Partners has sold River Pointe Commons, a 22,665-square-foot neighborhood center in Dallas, roughly 30 miles northwest of downtown Atlanta, for $6 million. Built in 2006 and renovated in 2016, River Pointe Commons features a mix of tenants including Life Smiles Dental, New Hope Animal Hospital, H&R Block, Evan-Blake Salon and Johnny’s New York Style Pizza, according to LoopNet Inc. Prudent Growth Partners originally purchased the property in 2022 for $4.8 million.

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meta-lab-manhattan
DevelopmentNew YorkNewsRetailers

Meta to Open Retail Flagship on Fifth Avenue in Manhattan

by Abby Cox

New York City — American technology conglomerate Meta Platforms Inc. will open its first New York flagship location at 697 Fifth Avenue in Manhattan. Meta signed a 10-year lease with Vornado Realty Trust to occupy the entire five-level, 15,000-square-foot townhouse building adjacent to the base of the St. Regis Hotel. The company opened its first flagship store, Meta Lab, in Los Angeles last year. Meta Lab is intended to serve as a hands-on, experiential “playground” where customers can discover, test and purchase Meta’s wearable hardware.

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presidio-portfolio
Investment salesNewsTexas

Younger Partners Acquires 375,000-Square-Foot Retail Portfolio in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Younger Partners Investments has acquired a 375,000-square-foot retail portfolio located at I-35 West and North Tarrant Parkway in Fort Worth. The portfolio, known as Presidio Junction, comprises three neighboring retail properties: Presidio Towne Crossing, Tehama Towne Crossing and Vista Ridge. The fully leased shopping centers are shadow anchored by Target and Costco and feature a mix of additional tenants such as T.J. Maxx, HomeGoods, Ross, Aldi, Petco, Old Navy, Sephora, Shoe Carnival, Five Below, Daiso and Rally House. Developed between 2015 and 2020, the portfolio also includes …

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fritz-farm-expansion
DevelopmentKentuckyMixed-useNews

Hendricks to Invest $14.1 Million for Retail Expansion at Fritz Farm Mixed-Use Development in Lexington, Kentucky

by Abby Cox

Lexington, Ky. — Beloit, Wisconsin-based Hendricks Commercial Properties (HCP) will invest $14.1 million to expand the retail offerings at Fritz Farm, a 52-acre mixed-use development located in Lexington. The expansion will add three new retail buildings and more than 30,000 square feet of retail and restaurant space at the property. Construction is expected to begin this month, while shell spaces are anticipated to be delivered to tenants in December. Originally developed as The Summit at Fritz Farm by Bayer Properties (now part of Centennial Real Estate), the center opened in 2017 …

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Circle-K-Lakeland
FloridaInvestment salesNewsUncategorized

SRS Negotiates $4.3 Million Ground Lease Sale of Single-Tenant Retail Property in Lakeland, Florida

by Abby Cox

Lakeland, Fla. — SRS Real Estate Partners has negotiated the $4.3 million ground lease sale of a single-tenant retail property located at 3810 County Line Road in Lakeland. A Circle K convenience store and gas station occupies the 5,200-square-foot property, which was built in 2025, on a triple-net corporate-guaranteed, ground lease with 15 years remaining. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based developer. The 1031 exchange buyer was a California-based private investor.

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2063-Palm-Beach-Lakes-Boulevard
FloridaInvestment salesNews

Marcus & Millichap Brokers $3.5 Million Sale of Retail Property in West Palm Beach, Florida

by Abby Cox

West Palm Beach, Fla. — Marcus & Millichap has brokered the $3.5 million sale of an 8,450-square-foot retail property located in West Palm Beach. City Furniture purchased the property, which is adjacent to their existing West Palm Beach store, with plans to expand its footprint and redevelop the site. Built in 1979, the single-tenant retail property sits on less than one acre along Palm Beach Lakes Boulevard. The building was vacant at the time of sale and was previously occupied by Bedding Barn.  Nicholas McAndrew of Marcus & Millichap represented the seller, a private trust, and …

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new-city-center
Grocery-anchoredInvestment salesNew YorkNews

Cronheim Arranges $33.3 Million in Financing for Grocery-Anchored Center in New City, New York

by Abby Cox

New City, N.Y. — Cronheim has arranged a $33.3 million bridge loan for New City Center, a 128,801-square-foot center located in New City, approximately 30 miles north of Manhattan. Dev Morris, Allison Villamagna, Brandon Szwalbenest, and Andrew Stewart of Cronheim secured the three-year loan through Voya Investment Management on behalf of a JV partnership between KABR Group and BTF Capital Fund. The loan provided 75 percent of the total project costs, with additional future funding available for capital improvements. Anchored by ShopRite, New City Center features a mix of tenants such …

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Grocery-anchoredInvestment salesMarylandNews

Federal Realty Acquires Congressional North Shopping Center in Maryland for $72.3 Million

by Abby Cox

Rockville, Md. — Federal Realty Investment Trust (FRT) has acquired Congressional North Shopping Center, a 176,000-square-foot shopping center in Rockville, approximately 12 miles northwest of Washington, D.C., for $72.3 million. Aldi anchors the center, which spans 12 acres. Additional tenants include RH Outlet, Petco and Staples. FRT also owns Congressional Plaza, Federal Plaza, Montrose Crossing and Pike & Rose in Montgomery County, Maryland, among other properties.

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