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landstown-commons
Investment salesNewsVirginia

Berkeley Capital Advisors Arranges $102 Million Sale of Landstown Commons in Virginia Beach, Virginia

by Abby Cox

Virginia Beach, Va. — Berkeley Capital Advisors has arranged the $102 million sale of Landstown Commons Shopping Center, a 408,851-square-foot super-regional power center located in Virginia Beach. Kohl’s, Ross Dress for Less, Best Buy, Old Navy and Ulta Beauty anchor the center. Other tenants include Bath & Body Works, Carter’s, Burlington, Five Below, Dollar Tree and PetSmart. Moritt Hock & Hamroff represented the buyer, an affiliate of Yale Realty Services. Rob Carter of Berkeley Capital Advisors represented the seller, Acadia Realty Trust. The Bank of Montreal provided $73.4 million in …

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gateway-shopping-center
CaliforniaInvestment salesNews

DJM Sells Gateway Shopping Center in Mission Viejo, California, for $51 Million

by Abby Cox

Mission Viejo, Calif. — Orange County-based DJM has sold Gateway Shopping Center, a 79,001-square-foot shopping center located in Mission Viejo. An institutional buyer purchased the property for $51 million. JLL represented DJM in the all-cash transaction. Completed in 1979 on 7.4 acres, Gateway Shopping Center features a mix of tenants including Starbucks, Baja Fresh, Saddleback Family & Urgent Care and Chase, among others. The center was 97 percent leased at the time of sale. DJM acquired Gateway Center in December 2021 from Gerrity Group for $39.5 million. Following the acquisition, DJM …

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Western-Plaza
CaliforniaInvestment salesNews

West Hive Capital Sells Western Plaza in Southern California for $24.5 Million

by Abby Cox

Rancho Palos Verdes, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $24.5 million sale of Western Plaza, a 28,190-square-foot neighborhood center located in Rancho Palos Verdes. Jeff Lefko of Hanley Investment Group represented the seller, West Hive Capital, in the transaction. Sheila Alimadadian of Marcus & Millichap represented the buyer, Aria Investments. After acquiring Western Plaza in 2024 for $8 million, West Hive Capital completed a full-scale redevelopment of the property. Renovations featured a complete exterior façade modernization, upgraded building systems, parking lot enhancements, an improved tenant mix …

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H-Mart
CaliforniaDevelopmentGrocery-anchoredNews

Vestar Signs New Anchor Tenant at Pacific Commons Shopping Center in Fremont, California

by Abby Cox

Fremont, Calif. — Asian supermarket chain H Mart will open a 100,000-square-foot flagship store at Pacific Commons Shopping Center, a 1.1 million-square-foot super-regional power center located on the southeastern shore of San Francisco Bay in Fremont. The new store will introduce H Mart’s multi-level prototype, which will include a food hall with fast-casual eateries, full-service dine-in restaurants, a bar and entertainment offerings. Construction on the development is expected to begin in late 2026. Owned by Heitman and managed by Vestar, Pacific Commons Shopping Center is home to more than 55 …

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Gruene-Heights
Investment salesNewsTexas

SRS Real Estate Brokers Sale of 25,767-Square-Foot Retail Center in Metro San Antonio

by Abby Cox

New Braunfels, Texas — SRS Real Estate Partners has brokered the sale of Gruene Heights, a 25,767-square-foot multi-tenant retail center located in New Braunfels, approximately 30 miles northwest of San Antonio. Built in 2024 on about 3.5 acres, the center is home to seven tenants including Papa Johns Pizza, Garcia’s Mexican Food Restaurant, Chicken Salad Chick and River Smiles Dentistry. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS Real Estate Partners represented the seller, a San Antonio-based developer, in the transaction. The buyer was a Houston-based private investor.

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Nassau Park Pavilion
Grocery-anchoredInvestment salesNew JerseyNews

CBRE Brokers Sale of 760,765-Square-Foot Power Center in Princeton, New Jersey

by Abby Cox

Princeton, N.J. — CBRE has brokered the sale of Nassau Park Pavilion, a 760,765-square-foot power center located in Princeton. Wegmans anchors the center, which is also home to tenants such as Target, Home Depot, Five Below, Floor & Décor, Just Salad, Bluestone Lane and Mezeh. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, SITE Centers Corp., in the transaction. The buyer was Bridge 33 Capital.

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The Grand at Aliana
DevelopmentNewsTexas

NewQuest Breaks Ground on 87,502-Square-Foot Retail Project in Richmond, Texas 

by Abby Cox

Richmond, Texas — Local developer NewQuest has broken ground on an 87,502-square-foot retail expansion of The Grand at Aliana, a 650,000-square-foot retail power center in the Houston suburb of Richmond. The new space is preleased to Dick’s Sporting Goods (60,249 square feet) and Havertys Furniture (27,253 square feet). Both stores are expected to open before the end of the year. Matt Reed and Greg Bracchi of SHOP Cos. represented Dick’s Sporting Goods in the lease negotiations. Mark Reeder, Ed Heap, Jonathan Probst and Ryan Johnson of SRS Real Estate Partners …

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6773-W-Bell-Rd-Glendale-AZ
ArizonaInvestment salesNews

Cushman & Wakefield Arranges $3.2 Million Sale of Single-Tenant Retail Property in Metro Phoenix

by Abby Cox

Glendale, Ariz. — Cushman & Wakefield has arranged the $3.2 million sale of a single-tenant retail property located in Glendale, roughly nine miles northwest of downtown Phoenix. Dollar Tree occupies the 12,064-square-foot property, which was built in 2002 under a net lease structure. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller, WM Grace Cos., in the transaction. The buyer was Teakwood Norman LLC.

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Investment salesNews

Weitzman Negotiates Sale of 11,316-Square-Foot Retail Center in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Weitzman has negotiated the sale of a newly developed, 11,316-square-foot neighborhood center located in Fort Worth. Guillermo Lopez of Weitzman, along with Matthew Rosenfeld of The Rosenfeld Co., represented the buyer, a Flower Mound, Texas-based limited partnership, in the transaction. Tim Axilrod and Suhi Kosuri of SHOP Cos. represented the undisclosed seller. The three-tenant retail center is fully leased to Boswell Dental Care, Keke’s Breakfast Café and Victory Nail Lounge. The property is also shadow-anchored by a Sprouts Farmers Market.

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normandy-shopping-center
Grocery-anchoredInvestment salesMarylandNews

Mackenzie Commercial Brokers $57.5 Million Sale of Normandy Shopping Center Near Baltimore

by Abby Cox

Ellicott City, Md. — Mackenzie Commercial Real Estate Services has brokered the $57.5 million sale of Normandy Shopping Center, a 185,000-square-foot grocery-anchored center located in Ellicott City, approximately 13 miles west of Baltimore. Owen Rouse and Tom Green of MacKenzie Commercial Real Estate represented the seller, an entity doing business as Normandy Venture LP, and procured the buyer, Normandy National Pike LLC. Normandy National Pike is owned by the Singh family, based in Ellicott City. The five-building shopping center has been owned by the Moxley family since 1961, according to the …

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