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FinanceNew YorkNews

Cronheim Arranges $75 Million in Financing for 811,272-Square-Foot Power Center in Middletown, New York

by Abby Cox

Middletown, N.Y. — Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot regional power center located in Middletown, about 55 miles northwest of New York City in the Hudson Valley region. Brandon Szwalbenest, Andrew Stewart, and Dev Morris of Cronheim Mortgage secured the financing through a life insurance company on behalf of the borrower, National Realty & Development Corp. The seven-year loan features a 30-year amortization schedule. Orange Plaza was 94 percent occupied at the time of sale to tenants including Walmart, Home Depot, Kohl’s, Burlington, Ross …

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7-Eleven_Madera
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $12.2 Million Sale of Single-Tenant Retail Property in Central California

by Abby Cox

Madera, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley. Sean Cox and Bill Asher of Hanley Investment Group Real Estate Advisors represented …

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newmark-merrill-development
CaliforniaDevelopmentInvestment salesNews

NewMark Merrill Purchases 2.5-Acres to Develop Three Retail Buildings in San Diego

by Abby Cox

San Diego — NewMark Merrill has acquired a 2.5-acre land parcel to develop three retail buildings in the Otay Mesa neighborhood of San Diego. The fully leased project will feature new locations for Wendy’s, Dutch Bros Coffee and Quick Quack Car Wash. All tenants are scheduled to open in early 2027. NewMark Merrill executed the full scope of the project, including entitlement, permitting, leasing, financing and site development. Andrew Peterson and Chris Kehl of SRS Real Estate Partners represented NewMark Merrill in the leasing and procurement of all three tenants. In …

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Centerpoint-Plaza
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 13,611-Square-Foot Centerpoint Plaza in Central Texas

by Abby Cox

San Marcos, Texas — Marcus & Millichap has brokered the sale of Centerpoint Plaza, a 13,611-square-foot multi-tenant retail center located in the Central Texas city of San Marcos. Coleman Solomon, Joseph Blanga and Philip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both local private investors.  Situated at 690 Center Point Road, Centerpoint Plaza was fully leased at the time of sale to Cody’s Restaurant Bar & Patio, Hays Co. Outfitters, Two P’s & Calli’s Boutique, Hot Nails & Spa and Butter Sweet by Cody’s, along with a …

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Athens-Marketplace
AlabamaInvestment salesNews

Halpern Acquires 74,224-Square-Foot Shopping Center in Northern Alabama

by Abby Cox

Athens, Ala. — Atlanta-based Halpern Enterprises has acquired Athens Marketplace, a 74,224-square-foot shopping center located in Athens, a western suburb of Huntsville located roughly 15 miles south of the Tennessee border. Drew Fleming and Mark Joines of Newmark represented the private seller in the transaction. Built in 2024, Athens Marketplace was fully leased at the time of sale to T.J. Maxx, Ross Dress for Less, Ulta Beauty, Five Below, Rack Room Shoes, America’s Best Contacts & Eyeglasses, High Cotton Nail Bar and Therapy South.

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West-Town-Corners
FloridaGrocery-anchoredInvestment salesNews

11North Partners Acquires 285,497-Square-Foot Grocery-Anchored Retail Center in Suburban Orlando

by Abby Cox

Altamonte Springs, Fla. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction.

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Shoppes-of-Sweetwater
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Negotiates Sale of Publix-Anchored Center in Metro Orlando

by Abby Cox

Longwood, Fla. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot Publix-anchored center located in Lakewood, roughly 15 miles north of Orlando. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Shoppes of Sweetwater Inc. Washington, D.C.-based Graphite Real Estate was the buyer. The property, which was 94 percent leased at the time of sale, features a mix of tenants such as CVS Pharmacy, The Hummus Corner, Li’s Garden Chinese Restaurant, Aca-Pulquito Cocina Mexicana, …

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Market-Square
Grocery-anchoredInvestment salesNewsTexas

Marcus & Millichap Negotiates Sale of 48,822-Square-Foot Retail Center in Metro Dallas

by Abby Cox

Irving, Texas — Marcus & Millichap has negotiated the sale of Market Square, a 48,822-square-foot multi-tenant retail center located in Irving, approximately 10 miles northwest of Dallas. Phillip Levy of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors. Built in 1984, Market Square was fully leased at the time of sale to a mix of service-oriented tenants including Sarigama Supermarket, Amaravati Indian Restaurant, Bajeko Sekuwa Himalayan Grill, Cajun Crab, Pizza Hut, Subway, Smoothie King, NS Hair Salon & Spa, Vivek Flowers …

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4605-Mills-Circle-Ontario-California
CaliforniaInvestment salesNews

Progressive Real Estate Partners Brokers $2.8 Million Sale of Restaurant Building Near Los Angeles

by Abby Cox

Ontario, Calif. — Progressive Real Estate Partners has brokered the $2.8 million sale of a freestanding restaurant building located in Ontario. Wienerschnitzel fully occupies the 2,739-square-foot building, which was built in 1998 and renovated in 2017. Lance Mordachini and Greg Bedell of Progressive Real Estate Partners represented the buyer, while David Lin of KoTai Commercial represented the seller, both private investors.

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Target-Verrado-Marketplace
ArizonaLeasingNews

Seven New Tenants to Open at Verrado Marketplace in Metro Phoenix

by Abby Cox

Buckeye, Ariz. — Seven new tenants will open this month at Verrado Marketplace, a 500,000-square-foot shopping center development located in Buckeye, approximately 35 miles outside Phoenix. The first wave of tenants includes Buckle, Ulta Beauty, Target, Bath & Body Works, Famous Footwear, Marshalls and HomeGoods. Target, which spans 148,000 square feet, will be the first anchor tenant to open at Verrado Marketplace on May 17. The next wave of tenants will debut in June, including Einstein Bros. Bagels, Elite Shutters & Blinds, Great Clips, Pacific Dental Services, NextCare Urgent Care, Paramount …

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