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Cross County Center
DevelopmentNew YorkNews

Marx Realty Underway on 58,000-Square-Foot Retail Expansion at Cross County Center in Yonkers, New York

by Abby Cox

Yonkers, N.Y. — Marx Realty is underway on the construction of a two-building, 58,000-square-foot retail expansion at Cross County Center, a 1.2 million-square-foot lifestyle center located in Yonkers, just north of New York City. The first building will comprise 14,000 square feet across a single floor and the second building will span 44,000 square feet across two floors. Marx Realty will also develop a 4-acre park, which will accommodate farmers’ markets and SummerFest events, as well as wellness and seasonal programming. Meanwhile, an adjacent boardwalk will offer café-style seating and shaded …

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1455 N. Milwaukee Ave.
IllinoisInvestment salesNews

Greenstone Parters Brokers $5.6 Million Sale of Retail Property in Chicago’s Wicker Park

by Abby Cox

Chicago — Greenstone Partners has brokered the $5.6 million sale of a retail and medical property located at 1455 N. Milwaukee Ave. in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98 percent of the list price to a New York-based buyer. The two-story property features 11,370 rentable square feet, roughly 125 feet of frontage along North Milwaukee Avenue and a private surface parking lot with 23 dedicated spaces. Barry’s Bootcamp occupies the ground floor. The upper level is leased to two medical services providers. Danny Spitz and …

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cvs-pharmacy-pa
Investment salesNewsPennsylvania

Cooper Commercial Negotiates $5.5 Million Sale of Single-Tenant Retail Property in Sinking Spring, Pennsylvania

by Abby Cox

Sinking Spring, Pa. — Cooper Commercial Investment Group has negotiated the $5.5 million sale of a single-tenant retail property located in Sinking Spring, approximately 60 miles southeast of Philadelphia. CVS Pharmacy occupies the 13,225-square-foot building on a triple-net lease. Dan Cooper of Cooper Commercial Investment Group represented the seller, a private investor based in Pennsylvania. A West Coast-based 1031 exchange buyer purchased the property.

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Outlets Ocean City
Investment salesMarylandNews

SVN | Miller Negotiates Sale of 21 Acres at Outlets Ocean City in Coastal Maryland

by Abby Cox

Ocean City, Md. — The McClellan Team at SVN | Miller Commercial Real Estate has negotiated the sale of 21 acres of land underlying Outlets Ocean City, a 200,000-square-foot outlet mall in Ocean City. The outlet mall is subject to a long-term ground lease with leasehold improvements by the new ownership. The Elliott Family sold the land to the undisclosed buyer. The new ownership group has tapped the McClellan Team and Ryan Finnegan of SVN | Miller to lease Outlets Ocean City, which has six units available for lease. According …

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North Point Mall
Company newsDevelopmentEntertainmentGeorgiaMixed-useNews

New York Life Taps Jamestown to Pursue NHL Stadium for North Point Mall Redevelopment in Metro Atlanta

by Abby Cox

Alpharetta, Ga. — New York Life Insurance Co. is underway on plans to redevelop North Point Mall in Alpharetta, a suburb roughly 30 miles north of Atlanta. Jamestown has been tapped by New York Life to pursue the redevelopment entitlements for the development.  The Atlanta-based firm, which manages the nearby Avalon mixed-use development following its acquisition of the Atlanta-based holdings and listings of North American Properties in 2024, will also oversee property management for North Point Mall effective March 1. Plans for the project include transforming the mall into a …

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Barrington Square Town Center
IllinoisInvestment salesNews

SVN Chicago Commercial Arranges $9 Million Sale of Barrington Square Town Center in Suburban Chicago

by Abby Cox

Hoffman Estates, Ill. — SVN Chicago Commercial has arranged the $9 million sale of Barrington Square Town Center, a 101,796-square-foot neighborhood center located in the Chicago suburb of Hoffman Estates. Wayne Caplan and Al Lindeman of SVN Chicago Commercial represented the sellers, Dutch-based ownership group Depa Holding Co., and its U.S. partner, Caruso Development Corp. Harris Ali of Sky High Real Estate represented the buyer, a local investment group. This transaction marks the first time the property has been sold. Situated at 2300-2356 West Higgins Road on 11 acres, Barrington Square …

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6000-Allentown-Andrews-Dr
Investment salesMarylandNews

Marcus & Millichap Negotiates $9.9 Million Sale of Retail Strip Center Near Washington, D.C.

by Abby Cox

Camp Springs, Md. — Marcus & Millichap has negotiated the $9.9 million sale Andrews Park Town Center, a 13,417-square-foot retail strip center located at 6000 – 6101 Allentown Andrews Drive in Camp Springs, approximately 12 miles southeast of downtown Washington, D.C. Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller, an affiliate of ARCTRUST, and procured the private buyers, in the transaction. Built in 2021 on 1.2 acres, Andrews Park Town Center was fully leased at the time of sale to three …

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Centennial-Place-Shops
Grocery-anchoredInvestment salesNewsWisconsin

Mid-America Real Estate Brokers Sale of Centennial Place Shoppes in Milwaukee

by Abby Cox

Milwaukee — Mid-America Real Estate Corp. has brokered the sale of Centennial Place Shoppes, a 13,976-square-foot shopping center located less than four miles from downtown Milwaukee. Pick ‘n Save shadow-anchors the center, which was fully leased at the time of sale, according to LoopNet Inc. Additional tenants include Summit Credit Union, Domino’s Pizza, GNC, Great Clips, Chubby’s Cheesesteaks and T-Mobile. Rick Drogosz, Patrick Corrigan and Dan Rosenfeld of Mid-America Real Estate represented the seller, a joint venture between Boulder Venture and General Capital Group, in the transaction. The center was acquired by a public REIT.

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DLR_Group_The-Walk
CaliforniaDevelopmentMixed-useNews

Partnership Begins Construction on Mixed-Use Community in Metro Los Angeles

by Abby Cox

Norwalk, Calif. — A partnership between Primestor and the City of Norwalk is underway on The Walk, an 89,000-square-foot mixed-use community located in Norwalk, approximately 17 miles southeast of downtown Los Angeles. Designed by DLR Group, the project will be centered around pedestrian-friendly, landscaped pathways that will provide new dining, shopping and public spaces for guests and residents. The Walk is scheduled for completion by late 2027.

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DevelopmentFloridaGrocery-anchoredInvestment salesNews

Morgan Co., Casto Net Lease Acquire Land Parcel for Development of Grocery-Anchored Shopping Center in Port St. Lucie, Florida

by Abby Cox

Port St. Lucie, Fla. — A partnership between Morgan Co. and Casto Net Lease has acquired a 15-acre land parcel in Port St. Lucie for the development of a grocery-anchored shopping center. Scott Copeland of On Course Development represented the buyers in the transaction. The new center will be anchored by Aldi and will include several outparcels that will be designated for tenants such as McDonald’s, Circle K and AutoZone. Construction is expected to begin later this year, with delivery of the project scheduled for 2027.

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