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2029-S-Hacienda-Blvd-Hacienda-Heights-CA
CaliforniaInvestment salesNews

Marcus & Millichap Brokers $13 Million Sale of Retail Center in Hacienda Heights, California

by Abby Cox

Hacienda Heights, Calif. — Marcus & Millichap has brokered the $13 million sale of Hacienda Village, a 23,645-square-foot retail center located in Hacienda Heights, approximately 19 miles southeast of downtown Los Angeles in the San Gabriel Valley. Built in 1963, the property features 17 retail suites that are leased to a mix of local food-and-beverage and service-oriented tenants. A Los Angeles-based private investor acquired the property for $549.80 per square foot. Ron Duong of Marcus & Millichap represented the seller, an Orange County, California-based private partnership, in the transaction.

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Investment salesNewsVirginia

SRS Real Estate Arranges $14.9 Million Sale of Two-Tenant Retail Property Near Washington, D.C

by Abby Cox

Vienna, Va. — SRS Real Estate Partners has arranged the $14.9 million sale of a two-tenant retail property located in Vienna, roughly 15 miles west of Washington, D.C. Built in 2019, the two-story building is fully occupied by Chick-fil-A on the ground floor, while Flagship Carwash operates a full-service facility on the second floor. Andrew Fallon and Philip Wellde of SRS represented the seller, the original developer of the property. The buyer was a local investor.

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DevelopmentNewsWashington

SimonCRE Acquires Island Plaza in Oak Harbor, Washington, Plans Redevelopment

by Abby Cox

Oak Harbor, Wash. — SimonCRE has acquired Island Plaza, a 92,112-square-foot shopping center located in Oak Harbor on Whidbey Island, with plans for a redevelopment. SimonCRE has already signed a 23,666-square-foot lease with a national soft goods retailer for the center’s largest available space. Additional small-shop space, which ranges in size from 875 square feet to 2,400 square feet, remains available for lease. Island Plaza comprises two multi-tenant buildings and a .50-acre pad site. Current tenants include Haggen, Jersey Mike’s Subs and Maurices, among others.

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Midlothian-Depot-rendering
DevelopmentGrocery-anchoredMixed-useNewsVirginia

KPP Tapped to Manage Whole Foods Market-Anchored Center in Midlothian, Virginia

by Abby Cox

Midlothian, Va. — KeyPoint Partners (KPP) has been selected to provide management services for Midlothian Depot, a newly constructed, 87,363-square-foot mixed-use center located in Midlothian, approximately 14 miles west of Richmond. Confirmed tenants at the property include J.Crew, Dave’s Hot Chicken, Warby Parker, Paris Baguette and Lovesac, along with Whole Foods Market. The first retail tenants and anchor are projected to begin opening in the fall, with the overall project rollout continuing into 2027. Atlanta-based SJC Ventures purchased the 13-acre site in January 2025 for $16 million.

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The-Shoppes-at-Parma
Grocery-anchoredInvestment salesNewsOhio

Hendon Properties Acquires 734,199-Square-Foot Shopping Center in Metro Cleveland, Ohio

by Abby Cox

Parma, Ohio — Atlanta-based Hendon Properties, in a joint venture with Axiom Realty and Peaceable Street Capital, has acquired The Shoppes at Parma in the Cleveland suburb of Parma. Anchor tenants at the 734,199-square-foot shopping center include Walmart Supercenter, Burlington, Dick’s Sporting Goods and grocer Marc’s. The deal includes six outparcels with a variety of tenants such as Crumbl Cookies, T-Mobile, Five Guys Burgers & Fries and Panera Bread. Opened in 1956, the property was formerly known as Parmatown Mall. The center marks the fifth property acquired by The Hendon …

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Comatara-Center
Investment salesKansasNews

Prudent Growth Partners Acquires Neighborhood Center in Wichita, Kansas, for $7.7 Million

by Abby Cox

Wichita, Kan. — North Carolina-based Prudent Growth Partners has acquired Comotara Center, a 55,650-square-foot neighborhood center located in Wichita, for $7.7 million. Originally constructed in 1985 and expanded in 1987, the center was 93 percent leased at the time of sale to 13 tenants including Dollar Tree, Five Guys, Edward Jones and State Farm.

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South-Town-Crossing-II
Investment salesNewsTexas

Westwood Financial Purchases 23,300-Square-Foot Retail Center in Metro Fort Worth, Texas

by Abby Cox

Burleson, Texas — Los Angeles-based Westwood Financial has acquired South Town Crossing II, a 23,300-square-foot retail center located in Burleson, approximately 13 miles south of downtown Fort Worth. Target shadow anchors the property, which adjoins South Town Crossing I, a 59,986-square-foot retail center. South Town Crossing II was fully leased at the time of sale to tenants including Petco, Mathnasium, Mattress Firm and Glitz Nails. With this acquisition, Westwood now owns 83,286 square feet within South Town Crossing, representing 82 percent of the shop space surrounding the Target anchor.

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Vandeveer-Retail
DevelopmentFloridaLeasingMixed-useNews

Gateway Jax Signs Six New Tenants at $1 Billion Pearl Square Mixed-Use Development in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. —Gateway Jax has signed leases with six new tenants at Peal Square, a 2 million-square-foot mixed-use project in downtown Jacksonville. The initial retail lineup for Vandeveer, the first mixed-use residential building within the district, will feature dining, wellness and lifestyle retailers and restaurants on the ground floor. Newly announced tenants include Bar Citra (2,000 square feet), Buchner’s Biergarten, PopUp Bagels (1,443 square feet), Go Greek Yogurt (1,141 square feet), JETSET Pilates (2,495 square feet) and Pearl Street Nails (2,032 square feet). Buchner’s Biergarten and JETSET Pilates will open …

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mayfair-shopping-center
Grocery-anchoredInvestment salesNew YorkNews

Brixmor Acquires 221,612-Square-Foot Mayfair Shopping Center in Commack, New York, for $70 Million

by Abby Cox

Commack, N.Y. — Brixmor Property Group has acquired Mayfair Shopping Center, a 221,612-square-foot retail property located in the Long Island community of Commack for $70 million. Lidl, Planet Fitness and PGA TOUR Superstore anchor the property, which was built in 1958. Other tenants at the center include Gap, Sephora, J.Crew Factory, H&R Block, and Tropical Smoothie Café. M Nail and Lash Bar recently signed a new lease at the retail center, while MyGym opened this January. Kid’s Empire, which is under construction, is expected to open later this year. Allison Villamagna …

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Super Star Car Wash
CaliforniaInvestment salesNews

SRS Real Estate Brokers $6.2 Million Sale of Single-Tenant Retail Property in Newport Beach, California

by Abby Cox

Newport Beach, Calif. — SRS Real Estate Partners has brokered the $6.2 million sale of a single-tenant retail property in Newport Beach. Super Star Car Wash occupies the 6,947-square-foot building on a corporate-guaranteed absolute triple-net lease, with approximately 20 years remaining. Calvin Short and Aron Cline of SRS Real Estate represented the seller, a Phoenix-based owner and operator. The buyer was a Los Angeles-based private investor.

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