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Gateway-Mall-Food-Court
Investment salesNebraskaNews

CBL Properties Acquires Gateway Mall in Lincoln, Nebraska for $43.5 Million

by Abby Cox

Lincoln, Neb. — CBL Properties has acquired Gateway Mall, an 843,000-square-foot shopping mall located at 6100 O St. in Lincoln. Washington Prime Group sold the property to the Chattanooga, Tennessee-based buyer for $43.5 million. Symetra Life Insurance Co. secured a five-year, $21 million non-recourse loan on behalf of the borrower to finance the acquisition of Gateway Mall. The loan carries a fixed interest rate of 6.46 percent. Gateway Mall was more than 95 percent occupied at the time of sale and features a mix of tenants including Dillard’s, JCPenney, Dick’s Sporting …

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river-exchange-lawrenceville
GeorgiaGrocery-anchoredInvestment salesNews

Sands Investment Group Brokers $23.4 Million Sale of Grocery-Anchored Center in Suburban Atlanta

by Abby Cox

Lawrenceville, Ga. — Sands Investment Group has brokered the $23.4 million sale of River Exchange Shopping Center, a 273,023-square-foot, grocery-anchored shopping center located in Lawrenceville, roughly 30 miles northeast of downtown Atlanta. Liam Rowan and Tyler Baughman of Sands represented the seller, a joint venture between BASH Capital, Dragonfly Investments and Baltimore-based America’s Realty LLC, and the buyer, an entity doing business as Vishal River Exchange LLC, in the transaction. SouthState Bank provided acquisition financing. River Exchange was 80 percent leased at the time of sale to tenants including Kroger, Goodwill, …

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baybrook-village
Investment salesNewsTexas

CBRE Brokers Sale of 278,842-Square-Foot Baybrook Village in Metro Houston

by Abby Cox

Webster, Texas — CBRE has brokered the sale of Baybrook Village, a 278,842-square-foot shopping center located in Webster, approximately 20 miles southeast of downtown Houston. Mark Witcher, Jolie Duhon, Jim Batjer, Chris Cozby and Harrison Tye of CBRE’s National Retail Partners team represented the seller, O’Connor Capital Partners, in the transaction. Fidelis Realty Partners purchased the property for an undisclosed price. Brent Crawford and John Fenoglio, also with CBRE, arranged acquisition financing on behalf of the buyer. Originally built in 1978 and renovated in 2020, Baybrook Village houses a mix of tenants …

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Smart-and-Final
CaliforniaInvestment salesNews

SRS Negotiates $11.4 Million Sale of Single-Tenant Retail Property in Metro Los Angeles

by Abby Cox

Huntington Park, Calif. — SRS Real Estate Partners has negotiated the $11.4 million sale of a single-tenant retail property located in Huntington Park, roughly seven miles south of downtown Los Angeles. A Smart & Final grocery store occupies the 28,000-square-foot building, which was built in 2018. Joe Chichester, John Redfield and Kyle Zimmer of SRS Real Estate represented the buyer, a private investor based in Mexico City, in the transaction. The seller was a private investor based in Los Angeles.

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Vero-Beach-Square
FloridaInvestment salesNews

Marcus & Millichap Arranges $6.2 Million Sale of Retail Strip Center in Vero Beach, Florida

by Abby Cox

Vero Beach, Fla. — Marcus & Millichap has arranged the $6.2 million sale of Vero Beach Square, an 11,480-square-foot retail strip center located at 5125 20th St. in Vero Beach. Built in 2019, the fully leased retail property houses a mix of tenants including Dunkin’, Jersey Mike’s, Tropical Smoothie Café and Corporate Elite Hearing Centers of America. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, Davie, Florida-based Ross Realty, and procured the buyer, a private investment group based in …

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Hillrose-Market_Roswell
DevelopmentGeorgiaMixed-useNews

Atlantic Cos. Secures Construction Financing, Breaks Ground on Mixed-Use Project in Metro Atlanta

by Abby Cox

Roswell, Ga. — The Atlantic Cos. has secured construction financing and commenced construction on Hillrose Market, a 7-acre mixed-use development in downtown Roswell, a northern suburb of Atlanta. The financing includes debt from SouthState Bank and a revenue bond issued by the Roswell Downtown Development Authority. Patterson Real Estate Advisory Group arranged the financing. Located adjacent to City Hall with a walking trail connection to the city’s Canton Street district, Hillrose Market will comprise a six-building, 75,000-square-foot retail village surrounding a central greenspace, as well as an office building dubbed …

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village-park-plaza
IndianaInvestment salesNewsPower centers

CBRE Negotiates Sale of 290,016-Square-Foot Power Center in Metro Indianapolis

by Abby Cox

Carmel, Ind. — CBRE has negotiated the sale of Village Park Plaza, a 290,016-square-foot power center located in Carmel, roughly 23 miles north of Indianapolis. Christian Williams, Michael Watson, Michael Kaider, Keegan Barrett, George Good, Richard Frolik, Adam Foret and Kevin Broderick of CBRE’s National Retail Partners team represented the seller, Washington Prime Group, in the transaction. Oakbrook Terrace, Illinois-based Pine Tree, in partnership with a state pension fund, purchased the property. Village Park Plaza was 99 percent leased at the time of sale to tenants including Walmart, Menard’s, Academy Sports, …

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midtown-bonita
DevelopmentFloridaLeasingMixed-useNews

Zuckerman Group Signs Two Tenants to Join Midtown at Bonita Mixed-Use Development in Southwest Florida

by Abby Cox

Bonita Springs, Fla.  — The Zuckerman Group has signed leases with two new national tenants at Midtown at Bonita, a 68-acre, mixed-use development under construction located in Bonita Springs, about 15 miles north of Naples. T.J. Maxx and Ulta Beauty will join the lineup at Midtown at Bonita, which has leased nearly 100,000 square feet of retail space. Other committed tenants include Chipotle Mexican Grill, Panera Bread, The Hangry Bison, Club Pilates, Good Vets, Jeff’s Bagel Run, Noire the Nail Bar, Bonita Beach Wine & Spirits, Gelato&Co., LowBrow Pizza & Beer, …

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GeorgiaLeasingMixed-useNews

Jamestown Signs Leases with Three New Tenants at Avalon in Metro Atlanta

by Abby Cox

Alpharetta, Ga. —Jamestown has signed leases with three new tenants at the Avalon in Alpharetta, a 2.3 million-square-foot mixed-used development located in Alpharetta, a northern suburb of Atlanta. Johnnie-O will debut a 1,900-square-foot clothing store this summer, along with luxury activewear and lifestyle brand ALO YOGA, which will open a 4,000-square-foot store and its second location in Georgia. Meanwhile, Vuori is scheduled to debut a 4,800-square-foot space this spring. In addition to the newly signed tenants, Kendra Scott, Posman Books and Rowan have all recently refreshed their locations at Avalon. …

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3030-N-Broadway
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Brokers $50.1 Million Sale of 131,748-Square-Foot Grocery-Anchored Center in Chicago

by Abby Cox

Chicago — Mid-America Real Estate Corp. has brokered the sale of 3030 North Broadway, a 131,748-square-foot shopping center located in Chicago. L3 Capital acquired the property for $50.1 million. Ben Wineman and Joe Girardi of Mid-America Real Estate Corp. represented the seller, SITE Centers, in the transaction. Mariano’s anchors the five-story property, which features a mix of additional tenants including Club Studio, PNC Bank, Starbucks Coffee and Fresh Dental.

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