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Buttonwood Plaza
FloridaInvestment salesNews

Atlantic Commercial Group Negotiates $8.4 Million Sale of 60,000-Square-Foot Retail Center in South Florida

by Abby Cox

Greenacres, Fla. — Atlantic Commercial Group has negotiated the $8.4 million sale of Buttonwood Plaza, a 60,000-square-foot retail center located in Greenacres, approximately 12 miles outside West Palm Beach. Built in 1986, the center is situated on 5 acres at the southeast corner of Jog Road and 10th Ave. North. Tenants at the property — which was 97 percent leased at the time of sale — include CiCi’s Pizza, a barber shop and a Chinese restaurant. Gary Broidis of Atlantic Commercial represented the seller in the transaction. The buyer was an …

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Walmart
FloridaInvestment salesNet leaseNews

SRS Real Estate Negotiates $4.5 Million Sale of Walmart-Anchored Property in Metro Orlando

by Abby Cox

Deltona, Fla. — SRS Real Estate Partners has negotiated the $4.5 million ground lease sale of a single-tenant retail property located at 1569 Saxon Blvd. in Deltona. The property is situated 30 miles north of Orlando within the mixed-use development of Deltona Village, which is currently under construction. Walmart occupies the 41,335-square-foot building on an absolute triple-net-lease with 10 years remaining. Patrick Nutt and William Wamble represented the seller, a private partnership, in the transaction. SRS also represented the buyer, a Pennsylvania-based private entity.

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Company newsLeasingMassachusettsNews

PREIT Signs Leases with Five Tenants at Dartmouth Mall in Massachusetts

by Abby Cox

Dartmouth, Mass. — PREIT has signed leases with five new tenants at Dartmouth Mall, a 671,000-square-foot regional mall in Dartmouth. Western and work wear retailer Boot Barn will open a 15,000-square-foot store this fall as its first location in the area. Locker Room by Lids expects to open at the end of the month, while Chick-fil-A plans to open as an outparcel at the property later this year. Cinnabon and Carvel have already opened. These additions follow the redevelopment of the former Sears space, which is now occupied by Ulta Beauty …

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The Crossings at South Fayette
Grocery-anchoredInvestment salesNewsPennsylvania

Niki Group Acquires The Crossings at South Fayette in Suburban Pittsburgh for $10.6 Million

by Abby Cox

Bridgeville, Penn. — San Diego based-The Niki Group has acquired The Crossings at South Fayette, a 38,203-square-foot shopping center located in the Pittsburgh suburb of Bridgeville, for $10.6 million. Situated off Interstate 79 at the intersection of Route 50 and Washington Pike, the property comprises a free-standing ALDI grocery store that anchors the center, as well as two multi-tenant outparcel strips. Tenants include Starbucks Coffee, Chipotle, Sola Salon Studios, Jimmy John’s, Elevation Medical Weight Loss, Brentwood Bank and Radiance at Fluhme. Dean Zang and David Crotts of Marcus & Millichap marketed …

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Kimbal on Main Street
FinanceNewsUtah

Calmwater Capital Provides $22.8 Million Refinancing for Retail Center in Park City, Utah

by Abby Cox

Park City, Utah —El Segundo, California-based Calmwater Capital has provided a $22.8 million bridge loan to refinance Kimball on Main Street, a 25,429-square-foot retail center located within the Historic Old Town area of downtown Park City. Stanton Road Capital was the borrower, while DaJuan Bennett of Calmwater internally represented the firm. Originally built in 1990 and renovated in 2018, the property features seven store fronts, a second-floor event space that serves the Sundance Film Festival and a recently constructed three-story building. Kimball on Main Street is currently 83 percent leased …

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Safeway at Brandywine Crossing
FinanceGrocery-anchoredMarylandNews

First National Realty Completes Refinancing of 231,036-Square-Foot Power Center in Metro DC

by Abby Cox

Brandywine, Md.  — First National Realty Partners (FNRP) has completed the refinancing of Brandywine Crossing, a 231,036-square-foot regional power center located in Brandywine, approximately 20 miles southeast of Washington, D.C. The four-year loan includes future funding for approved leasing expenses and the facilitation of the release of escrowed funds held by the previous lender. Since acquiring the center in March 2022, FNRP has increased occupancy from 89 percent to 95 percent by securing 12 new leases and six renewals with tenants including Marshalls, Visionworks and Salon Lofts. The firm also secured …

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Walmart
AlabamaInvestment salesNews

Boulder Group Arranges $6.3 Million Sale of Single-Tenant Retail Property in Mobile, Alabama

by Abby Cox

Mobile, Ala. — Chicago-based The Boulder Group has arranged the $6.3 million sale of a single-tenant retail property located at 1550 Government St. in Mobile. ALDI occupies the 42,510-square-foot building on a triple-net lease, which has more than 10 years remaining. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the Canadian-based seller in the transaction. The buyer is a Michigan-based commercial real estate investment company. Other nearby retailers include Walgreens, Dollar Tree, Starbucks Coffee, Sherwin-Williams, Fresenius Kidney Care and Firestone Complete Auto Care.

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Delray Corner
FloridaInvestment salesNews

O’Connor Capital Partners Buys 86,000-Square-Foot Retail Center in South Florida for $28.8 Million

by Abby Cox

Delray Beach, Fla. — O’Connor Capital Partners has purchased Delray Corner, an 86,000-square-foot retail center located in Delray Beach, roughly eight miles north of Boca Raton, for $28.8 million. Situated on 9 acres, Michaels and CVS Pharmacy anchor the center, which was 96 percent leased at the time of sale. Other tenants include Hacienda Mexican Restaurant, Enterprise Rent-A-Car, Power Financial Credit Union and Taso’s Greek Taverna & Bar. Originally constructed in 1981, the property underwent significant repositioning in 2023 for the addition of the Michaels store and a Conviva Care center, …

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Shops on Gosling
Investment salesNewsTexas

Headwall Investments Acquires Shops on Gosling in Metro Houston

by Abby Cox

Spring, Texas — Texas-based Headwall Investments has acquired the Shops on Gosling, a 34,613-square-foot neighborhood shopping center in Spring, 25 miles north of Houston. This transaction marks the firm’s 19th shopping center acquisition for its Texas unanchored shopping center strategy, expanding its portfolio to roughly 645,000 square feet and 200 tenant spaces across the Austin-San Antonio, Dallas-Fort Worth, and Houston markets. Built in 2019, the center is situated adjacent to the master-planned community of The Woodlands. Tenants at the property include Shipley Do-Nuts, Tune Up Salon, Capital Title, Fajita Pete’s and …

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Hawkins Crossing
Investment salesNewsTexas

Scarborough Commercial Arranges Sale of 16,250-Square-Foot Retail Center in Longview, Texas

by Abby Cox

Longview, Texas — Locally based Scarborough Commercial Real Estate has arranged the sale of Hawkins Crossing, a 16,250-square-foot retail center located at 3052 North Eastman Rd. in Longview. Situated on 2 acres, the property was 93 percent leased to tenants including Louisiana Cajun Kitchen, Fresh Dental and PURE Nail Salon at the time of sale. Stephanie Taylor of Scarborough Commercial represented the seller and sourced the buyer in the transaction.

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