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Investment salesLouisianaNews

Marcus & Millichap Brokers Sale of 33,744-Square-Foot Multi-Tenant Retail Property in Metro Baton Rouge, Louisiana

by Abby Cox

Prairieville, La. — Marcus & Millichap has brokered the sale of Commerce Centre, a 33,744-square-foot multi-tenant retail property located in Prairieville, approximately 15miles southeast of downtown Baton Rouge. Situated on roughly four acres, the center was built in 2015 and features 15 retail suites. Commerce Centre was 72 percent occupied at the time of sale. Cole Voyles, Gus Lagos and Alex Wolansky of Marcus & Millichap marketed the property on behalf of the seller, a local owner, and procured the buyer, an East Coast-based investor. Steve Greer was Marcus & Millichap’s …

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Rosamond-Town-Center
DevelopmentNewsTexas

Big V Property Group, The Seitz Group Break Ground on Rosamond Town Center in Anna Texas

by Abby Cox

Anna, Texas — Charlotte, North Carolina-based Big V Property Group and Texas-based The Seitz Group have broken ground on Rosamond Town Center, a planned 355,826-square-foot open-air center in the North Texas city of Anna. Rosamond Town Center is a complementary development to Rosamond Crossing, a 175,300-square-foot, Kroger-anchored center that includes additional tenants such as Bank of America and McDonald’s. The overall complex will span approximately 750,000 square feet. Principal Asset Management is providing a combination of developer equity and financing for the project, while Citizens Bank is providing a construction loan.

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CaliforniaNewsRetailers

Ross Opens 47 Stores Across 15 States in June, July

by Abby Cox

Dublin, Calif. — Ross Stores Inc. has opened 47 new stores throughout the months of June and July, including 35 Ross Dress for Less and 12 dd’s DISCOUNTS locations. With this expansion, which spans 15 states, the company is on track to open approximately 110 stores this year. Ross stores currently have 1,950 stores across the U.S.

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Mosiac_retail-portfolio
CaliforniaInvestment salesNews

CBRE Arranges $30 Million Sale of Six-Building Retail Portfolio in Long Beach, California

by Abby Cox

Long Beach, Calif. — CBRE has arranged the $30 million sale of Mosaic, a six-building retail portfolio located in downtown Long Beach. Totaling 148,405 square feet, the portfolio includes 50 East 4th Street; 145 East 4th Street; 300 and 325 The Promenade North; and 480 and 590 Pine Avenue. Tenants located within Mosaic, which was 78 percent occupied at the time of sale, include Ross Dress for Less, Studio One Eleven/RDC, Ammatoli, Pacific Dental, Panda Express, Wingstop, GNC, GameStop, U.S. Army, U.S. Armed Forces and City of Long Beach, among others. …

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DevelopmentGeorgiaInvestment salesNews

Centurion Foundation Acquires Northlake Mall in Metro Atlanta for $95M, Plans Expansion for Emory Healthcare

by Abby Cox

Tucker, Ga. — Centurion Foundation, an independent nonprofit organization that specializes in real estate and financing solutions for the healthcare and higher education sectors, has acquired Northlake Mall, a nearly 1 million-square-foot shopping center in the Atlanta suburb of Tucker, from Dallas-based ATR Corinth Partners. Following the $95 million acquisition, Northlake Mall will be transformed into an expanded campus for Emory Healthcare. Emory has leased approximately 274,000 square feet of space at the mall for administrative and clinical operations since 2019 and will soon lease most of the property. The sale …

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Cedar Tree Village Shopping Center
CaliforniaGrocery-anchoredInvestment salesNews

Visintainer Group Brokers $20.8 Million Sale of Grocery-Anchored Center in Fresno, California

by Abby Cox

Fresno, Calif. — Visintainer Group has brokered the $20.8 million sale of Cedar Tree Village Shopping Center, a 118,417-square-foot shopping center located in Fresno. R-N Market anchors the property, which features a mix of additional tenants such as McDonald’s and Dollar Tree. The center was 96.3 percent leased at the time of sale, according to The Business Journal. Brett Visintainer and John Kourafas of Fresno-based Visintainer Group represented the seller, an entity doing business as Cedar Tree Village LLC, in the transaction. The buyer was Pacific Castle. The original developer’s …

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ColoradoInvestment salesNews

Western Centers Sells Three-Property Retail Portfolio in Metro Denver for $30.3 Million

by Abby Cox

Parker, Aurora And Littleton, Colo. — Western Centers Inc. has sold a three-property retail portfolio in metro Denver to CentrePoint Properties for $30.3 million. The portfolio includes the 56,000-square-foot Cottonwood Square in Parker, the 26,000-square-foot Bristol Pointe in Aurora and the 28,000-square-foot Foothill Green in Littleton. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Craig Branton and Mickey Moran of Greystone, in partnership with Cushman & Wakefield’s Denver-based debt team, arranged acquisition financing for all three properties.

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Shops-at-Hampton-Oaks
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $2.9 Million Sale of Neighborhood Center in Metro Atlanta

by Abby Cox

Fairburn, Ga. — Marcus & Millichap has brokered the $2.9 million sale of the Shops at Hampton Oaks, a 20,295-square-foot neighborhood center located in Fairburn, about 20 miles southwest of Atlanta. Zach Taylor and Eric Abbot of Marcus & Millichap’s Atlanta office represented the seller, a partnership controlled by Jacksonville-based Regency Centers, in the transaction. Built in 2008, the Shops at Hampton Oaks features eight retail suites and was 93 percent occupied at the time of sale to a mix of fitness, experiential and service-oriented tenants. Surrounded by the Hampton …

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DevelopmentGrocery-anchoredMarylandMixed-useNews

SJC Ventures to Begin Construction on Former Macy’s Store at Hartford Mall Site in Bel Air, Maryland

by Abby Cox

Bel Air, Md. — SJC Ventures will begin the demolition process on the former Macy’s store at the Hartford Mall site in Bel Air, roughly 30 miles northeast of Baltimore. Interior demolition will kick off on July 22. The property is being transformed into a new, 95,000-square-foot mixed-use development called Derby Place that will be anchored by a 35,000-square-foot Whole Foods Market. Other signed leases include Shake Shack and VEG ER for Pets. The community will also feature parks, pedestrian walkways and a 249-unit apartment complex. Construction on the multifamily component …

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Frederick-Brickworks
DevelopmentMarylandMixed-useNews

Greenberg Gibbons Breaks Ground on $450 Million Mixed-Use Project in Frederick, Maryland

by Abby Cox

Frederick, Md. — Greenberg Gibbons has broken ground on Frederick Brickworks, a new mixed-use project located in Frederick, roughly 50 miles northwest of Baltimore. Upon completion, the development will span 65 acres. Project costs are expected to total $450 million.  According to the City of Frederick, the project proposal calls for 1,260 residential units and 130,000 square feet of commercial space. The planning commission approved the master plan in October 2023, and Greenberg Gibbons closed on the land acquisition last month. The site formerly housed the historic Frederick Brick Works …

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