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Promenade-Shopping-Plaza
FloridaGrocery-anchoredInvestment salesNews

Mount Vernon Co. Acquires 207,877-Square-Foot Publix-Anchored Center in Palm Beach Gardens, Florida, for $67 Million

by Abby Cox

Palm Beach Gardens, Fla. — Boston-based Mount Vernon Co. has acquired Promenade Shopping Plaza, a 207,877-square-foot Publix-anchored center located in Palm Beach Gardens, a city in South Florida’s Palm Beach County. The South Florida Business Journal reports the sales price as $67 million. Built in 1989, Promenade Shopping Plaza is situated on nearly 23 acres and was 98 percent occupied at the time of sale. The property features a completely rebuilt 54,964-square-foot Publix prototype store that reopened in May 2025 after the former 42,450-square-foot store was demolished. Additional tenants at the …

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JO-Borgen-Plaza
Investment salesNewsWashington

Northmarq Brokers $8.2 Million Sale of Multi-Tenant Retail Center in Metro Seattle

by Abby Cox

North Bend, Wash. — Northmarq has arranged the $8.2 million sale of J.O. Borgen Plaza, a 28,418-square-foot, multi-tenant retail center located in North Bend, approximately 30 miles southeast of Seattle. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq represented the seller and buyer in the deal. J.O. Borgen Plaza is occupied by a freestanding Wells Fargo branch, Jersey Mike’s Subs and The UPS Store. The center also features a 17,958-square-foot former Bartell Drugs building, which was vacant at the time of sale. The sale was aligned with a …

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Main-Ave-Shopping-Plaza
ConnecticutGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 156,568-Square-Foot Grocery-Anchored Center in Coastal Connecticut

by Abby Cox

Norwalk, Conn. — JLL Capital Markets has arranged the sale of Main Avenue Shopping Center, a 156,568-square-foot retail property located in the southern coastal Connecticut city of Norwalk. J.B. Bruno, Kevin O’Hearn and Jose Cruz of JLL represented the seller, The Prusik Group LLC, in the transaction. Originally built in 1996 on roughly 16.3 acres, Main Avenue Shopping Center was fully leased at the time of sale. A 71,878-square-foot Stop & Shop anchors the property, which features additional tenants such as Total Wine & More, Hobby Lobby and Burger King.

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the-outlets-at-orange
CaliforniaDevelopmentNews

Simon Launches Multi-Million-Dollar Renovation of The Outlets at Orange in Metro Los Angeles

by Abby Cox

Orange, Calif. — Simon has launched a multi-million-dollar renovation of The Outlets at Orange, an 898,000-square-foot open-air shopping center located in Orange, approximately 30 miles northwest of Los Angeles. The revitalization is scheduled to begin this fall, with the majority of the project expected to be completed by 2027. The center will remain open throughout the renovation process. The project aims to bring a fresh, modern look to the shopping center, which will include updated flooring, new seating areas, enhanced landscaping, refreshed signage, added shade structures and updated lighting, as well …

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The Shoppes at Chino Hills
CaliforniaGrocery-anchoredInvestment salesNews

Stockdale Capital Partners, Hamilton Lane Acquire Southern California Shopping Center for $157 Million

by Abby Cox

Chino Hills, Calif. — Stockdale Capital Partners and funds managed by Hamilton Lane have acquired The Shoppes at Chino Hills, a 378,140-square-foot open-air regional lifestyle center located in the Inland Empire city of Chino Hills. Originally developed in 2008, The Shoppes at Chino Hills is anchored by Trader Joe’s and Barnes & Noble. Other retailers and restaurants at the property include Old Navy, Sephora, Victoria’s Secret, Bath & Body Works, P.F. Chang’s, California Pizza Kitchen and Chipotle Mexican Grill, among others. Stockdale plans to rename the property The Shops at Chino …

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Village Crossing
FinanceGrocery-anchoredIllinoisNews

Draper and Kramer Arranges $99.5 Million in Acquisition Financing for Retail Center in Metro Chicago

by Abby Cox

Skokie, Ill. — Draper and Kramer Inc. has arranged a $99.5 million loan on behalf of Fairbourne Properties for the acquisition of Village Crossing, a 724,400-square-foot retail center located in Skokie, approximately 15 miles northwest of downtown Chicago. Built in 1988, the grocery-anchored property is home to tenants including Jewel-Osco, AMC Theatres, Best Buy, PetSmart, Barnes & Noble, Ulta Beauty, Five Below and DICK’s Sporting Goods, among others. In addition to facilitating the acquisition, the loan will also fund tenant improvement and leasing commission costs at the property.

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westland-shopping-plaza
FinanceFloridaMixed-useNews

JLL Negotiates $17.3 Million Aquisition Financing for Westland Plaza in Metro Miami

by Abby Cox

Hialeah, Fla. — JLL has arranged $17.3 million in financing for the acquisition of Westland Plaza, a 110,000-square-foot mixed-use retail and storage center located in Hialeah, roughly 12 miles northwest of Miami. Michael DiCosimo, Joshua Odessky and Miguel Pedersen of JLL secured the two-year, floating-rate loan through Shelter Growth Capital Partners on behalf of the buyer, Volta Global. Westland Plaza was built in 1979 and renovated in 2008. The property comprises 50,000 square feet of retail space across three buildings, along with a 60,000-square-foot, three-story self-storage facility. Tenants include Office Depot, …

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GSQ
ArizonaLeasingMixed-useNews

Six New Tenants to Join Goodyear Civic Square Mixed-Use Development in Metro Phoenix

by Abby Cox

Goodyear, Ariz. — Red Development and Global Corp. have signed six new tenants at Goodyear Civic Square (GSQ), a 150-acre mixed-use development located in Goodyear, roughly 17 miles west of downtown Phoenix. The newest leases include Sephora (5,000 square feet), J.Crew Factory Outlet (5,0000 square feet), Lovesac (1,8000 square feet), Postino (4,500 square feet), Miel de Agave (3,989 square feet) and V’s Barber Shop (1,215 square feet). V’s Barber Shop is set to open next month, while all other tenants are expected to open in 2027. Three new restaurants are also …

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Chapman-Market
CaliforniaEntertainmentFinanceNews

Northmarq Arranges $29.3 Million in Refinancing for Dining, Entertainment Center in Los Angeles

by Abby Cox

Los Angeles — Northmarq has arranged a $29.3 million loan to refinance Chapman Market, a 41,241-square-foot dining and entertainment center located in Los Angeles’ Koreatown neighborhood. Originally opened in 1928, Chapman Market is home to a mix of tenants including Club HUE, Quarters Korean BBQ, Starbucks, Origin Korean BBQ, Shibuyala, Toebang Café, Escala Ktown, Danbi, Tiger Sugar Boba, BHC Chicken, Kazunori: The Original Handroll Bar and Uncle Tetsu. Joe Giordani, Alex Kane and Karl Weidell of Northmarq secured the loan through Voya Investment Management on behalf of the borrower, Arc Capital Partners.

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TheFoodFactory-OviedoNpark
EntertainmentFloridaInvestment salesNews

CrossMarc Capital Purchases 14,000-Square-Foot Open-Air Retail Venue in Oviedo, Florida, for $8.3 Million

by Abby Cox

Oviedo, Fla. — CrossMarc Capital LP has acquired The Food Factory at Oviedo on the Park, a 14,000-square-foot, open-air dining and entertainment venue in the northeast Orlando suburb of Oviedo, for $8.3 million. The acquisition includes the Food Factory building, as well as an adjacent parcel where CrossMarc plans to develop a 3,894-square-foot, multi-tenant retail building. Construction is expected to begin in November. Approximately 1,200 square feet has already been preleased to Kilwins, an American confectionary franchise. Winter Park, Florida-based Michael Collard Properties sourced the off-market transaction.

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