News

1045-1099-E-Main-St-El-Cajon-CA
CaliforniaGrocery-anchoredInvestment salesNews

DPI Retail Sells Main Street Marketplace in El Cajon, California, for $17.5 Million

by Abby Cox

El Cajon, Calif. — DPI Retail has sold Main Street Marketplace, a grocery-anchored shopping center in El Cajon, located in San Diego County, for $17.5 million. The buyer, an entity doing business as First Corner LLC, is the owner of Manolo Farmers Market, which has anchored the property since 1988. Enrique Wong of Marcus & Millichap, along with Tom Lagos, Patrick Toomey and Jose Carrazana of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller in the deal. Built in 1979 at 1045-1099 E. Main St., Main …

Continue Reading
0 FacebookTwitterLinkedinEmail
Liberty-Corners
Grocery-anchoredInvestment salesMissouriNews

Newmark Brokers $20 Million Sale of Grocery-Anchored Retail Center in Metro Kansas City, Missouri

by Abby Cox

Liberty, Mo. — Newmark has brokered the $20 million sale of Liberty Corners, a 125,000-square-foot shopping center located in the Kansas City suburb of Liberty. The property is anchored by a 56,000-square-foot Price Choppers, which has been a tenant at the property since 1986. Price Chopper is extending its lease through 2037 and will be investing approximately $6.5 million to remodel its store. Additional tenants include Dollar Tree and Chipotle Mexican Grill. Conor Lalor, Keely Polczynski, Tim McKay, Brian Schneiderman and Tim McKay of Newmark represented the seller, Brixmor Property Group, …

Continue Reading
0 FacebookTwitterLinkedinEmail
baggage-building
FinanceInvestment salesNewsTennessee

BWE Arranges $42.5 Million Loan to Refinance Historic Baggage Building in Nashville, Tennessee

by Abby Cox

Nashville, Tenn. — BWE has arranged a $42.5 million loan to refinance the historic Baggage Building, a 61,000-square-foot office and retail property located at 111 10th Ave. S. near Nashville’s Gulch district. Nick Harb of BWE secured the financing through a regional bank on behalf of the borrower, DZL Properties. The loan features a “meaningful” interest-only payment period. The Baggage Building was originally built between 1898 and 1900 as part of the Louisville-Nashville Railroad/Union Station terminal complex used to handle luggage and freight. Renovated in 1999, tenants at the four-story …

Continue Reading
0 FacebookTwitterLinkedinEmail
Coral-Hills
Grocery-anchoredInvestment salesMarylandNews

IPA Negotiates Sale of 85,514-Square-Foot Shopping Center Near Washington, D.C

by Abby Cox

Capitol Heights, Md. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Coral Hills, an 85,514-square-foot shopping center located in Capitol Heights, roughly 10 miles from downtown D.C. David Crotts and Dean Zang of IPA represented the seller, a national investment management company, and procured the undisclosed buyer. The sales price was not disclosed. Jared Cassidy of Marcus & Millichap Capital Corp. arranged the financing through an international bank on behalf of the buyer. International grocer New Grand Mart will replace the former …

Continue Reading
0 FacebookTwitterLinkedinEmail
the-summit
AlabamaInvestment salesNews

Federal Realty Acquires The Summit Shopping Center in Birmingham, Alabama, for $508 Million

by Abby Cox

Birmingham, Ala. — Maryland-based Federal Realty Investment Trust has acquired The Summit, an 870,000-square-foot, open-air shopping center in Birmingham, for $508 million. Purchased from the original developer, locally based Bayer Properties, the 100-acre property is the most visited retail destination in Alabama, drawing nearly 9 million annual visits, according to Federal Realty. As reported by the Birmingham Business Journal, Bayer sold its property management and leasing portfolio to Dallas-based Centennial in 2022, though the company’s original underlying real estate assets were not part of that sale. The acquisition is expected to …

Continue Reading
0 FacebookTwitterLinkedinEmail
Peninsula Marketplace
CaliforniaGrocery-anchoredInvestment salesNews

Westwood Financial Acquires 95,416-Square-Foot Grocery-Anchored Center in Huntington Beach, California

by Abby Cox

Huntington Beach, Calif. — Westwood Financial has acquired Peninsula Marketplace, a 95,416-square-foot shopping center located in Huntington Beach in Southern California. Ralphs anchors the property, which was 99 percent leased at the time of sale. Other tenants at the center include Planet Fitness, Carl’s Jr., Woof Gang Bakery & Grooming, Sourdough & Co., Rubio’s Baja Gril, Peninsula Orthodontics, Aim Mail Center and 602 Coffee & Acai.

Continue Reading
0 FacebookTwitterLinkedinEmail
Town Square Shopping Center
Investment salesNewsTexas

Partners Capital Purchases Three-Property Retail Portfolio in Northwest Houston

by Abby Cox

Houston — Partners Capital, the investment platform of Partners Real Estate, has purchased a three-property retail portfolio totaling 116,143 square feet in northwest Houston. The acquisition was made through Partners Capital’s Opportunity Fund VI.  The portfolio comprises Town Square Shopping Center (62,762 square feet), Boardwalk Shopping Center (24,417 square feet) and The Exchange Shopping Center. Other properties in the Fund VI portfolio include Colonnade of McAllen, a 41,041-square-foot neighborhood center in McAllen, Texas; and Powers Ferry Business Park, a 261,949-square-foot flex/service center in Northwest Atlanta. John Indelli and Zamar Salas of …

Continue Reading
0 FacebookTwitterLinkedinEmail
CaliforniaInvestment salesNews

SRS Real Estate Brokers $27.5 Million Sale of Value-Add Retail Property in Metro Los Angeles

by Abby Cox

Santa Clarita, Calif. — SRS Real Estate Partners has arranged the $27.5 million sale of a value-add retail property located in Santa Clarita, roughly 30 miles north of Los Angeles. The shopping center, which is situated on 12.6 acres, was formerly anchored by Kmart. At the time of sale, the property was 80 percent leased. The new ownership plans to fully renovate the shopping center, maintaining its retail use while upgrading the property and enhancing its overall appearance. Carlos Lopez, Terrison Quinn and Tony Vuona of SRS Capital Markets represented the …

Continue Reading
0 FacebookTwitterLinkedinEmail
River Oaks District
Company newsMixed-useNewsTexas

Hines Selected to Manage River Oaks Mixed-Use District in Houston

by Abby Cox

Houston — Hines has been selected to provide management services on behalf of Fertitta Entertainment for River Oaks District, an 18-acre luxury mixed-use development located in Houston. Hines will oversee day-to-say operations, tenant relations and the overall guest experience, while Odyssey Retail Advisors will handle leasing at the property.   River Oaks District comprises 300,000 square feet of retail and dining space and is home to more than 60 brands such as Hermès, Dior, Cartier, Van Cleef & Arpels, Loro Piana, Loewe, Carolina Herrera, Dolce & Gabbana, Harry Winston, Rolex by …

Continue Reading
0 FacebookTwitterLinkedinEmail
Publix_Shoppes-Paradise-Pointe_Fort-Walton-Beach
FloridaGrocery-anchoredInvestment salesNews

TSCG Brokers $8.4 Million Sale of Publix-Anchored Center in Fort Walton Beach, Florida

by Abby Cox

Fort Walton Beach, Fla. — TSCG has brokered the $8.4 million sale of The Shoppes at Paradise Pointe, a Publix-anchored shopping center located at U.S. Highway 98 and Perry Avenue Southeast in Fort Walton Beach. The 73,416-square-foot property sits at the mainland approach to Brooks Bridge, which connects Fort Walton Beach to Okaloosa Island. Anthony Blanco of TSCG represented the seller, SITE Centers Corp., in the transaction. The buyer was an undisclosed private investor. Built in 1987, The Shoppes at Paradise Pointe was 82.5 percent leased at the time of sale …

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts