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Shops at Edgwater
CaliforniaInvestment salesNews

JLL Negotiates $9.5 Million Sale of Shops at Edgewater in Sand City, California

by Abby Cox

Sand City, Calif. — JLL Capital Markets has negotiated the $9.5 million sale of the Shops at Edgewater, a 25,223-square-foot retail center located at 2080 California Ave. in Sand City.  The fully leased property is occupied by Ulta Beauty, Panera Bread, Mancini’s Sleepworld and a Bank of America ATM. The Shops at Edgewater is also shadow anchored by Target, Ross Dress for Less and Lucky. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL represented the private seller in the transaction. An entity doing business as Sand City Holdings LLC was …

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Eos-Fort-Myers
FloridaInvestment salesNews

SRS Real Estate Arranges $14.3 Million Sale of Single-Tenant Retail Property in Fort Myers, Florida

by Abby Cox

Fort Myers, Fla. —SRSReal Estate Partners has arranged the $14.3 million sale of a single-tenant retail property located at 10560 Colonial Blvd. in Fort Myers. Eōs Fitness occupies the 42,500-square-foot building on a 20-year absolute triple-net, corporate-guaranteed lease. Patrick Nutt and William Wamble of SRS Real Estate represented the seller, a Florida-based developer, in the transaction. The buyer was a Florida-based investor completing a 1031 exchange.

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ArizonaInvestment salesNews

CNSREIT Acquires 303,000-Square-Foot Center in Phoenix

by Abby Cox

Phoenix — Cohen & Steers Income Opportunities REIT (CNSREIT) has acquired Grand Canyon Crossing, a 303,000-square-foot shopping center located in Phoenix. Walmart Supercenter anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Harbor Freight Tools, Wendy’s, YouFit Health Club, Sally Beauty Supply, Nationwide Vision Center, Denny’s, Starbucks Coffee, Sonic, Jamba and Quick Quack Car Wash. The retail center was built on 33 acres in 2005. CNSREIT acquired Grand Canyon Crossing through a programmatic joint venture with the Sterling Organization. Further details of the transaction …

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Promenade_MINISO
ColoradoDevelopmentNews

Galway Cos. Signs New Tenants, Advances Multimillion-Dollar Renovation at The Promenade Shops Centerra in Northern Colorado

by Abby Cox

Loveland, Colo. — Galway Cos. is advancing a multi-million-dollar, property-wide renovation at The Promenade Shops Centerra, a 494,500-square-foot open-air center in Loveland, approximately 46 miles north of Denver. Improvements will include new storefront facades; a redesigned ice rink scheduled to open later next month; new landscaping along Main Street and updated property lighting; additional seating and refreshed outdoor gathering spaces; a new monument sign and new entrance signage; property-wide Wi-Fi and security enhancements; and new roofing across 10 buildings. The broader streetscape renovation is scheduled for completion in spring 2027. …

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High Point Centre
IllinoisInvestment salesNews

Mid-America Arranges Sale of 240,345-Square-Foot Neighborhood Center in Metro Chicago

by Abby Cox

Lombard, Ill. — Mid-America Real Estate has arranged the sale of High Point Centre, a 240,345-square-foot neighborhood center located in Lombard, roughly 22 miles west of downtown Chicago. The property was 68 percent leased at the time of sale to tenants including LA Fitness, Altitude Trampoline Park, Ace Dental, Burger King, Mango Mango Desserts, Sports Clips, Seoul Bites Korean BBQ, Souq Fresh Market and Tropical Smoothie Café. High Pointe Centre was built in 1992. Ben Wineman of Mid-America represented the seller, a publicly traded REIT, in the transaction. The property was …

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Publix
DevelopmentGrocery-anchoredNewsNorth Carolina

Pappas Properties Breaks Ground on Publix-Anchored Retail Center in Metro Charlotte

by Abby Cox

Matthews, N.C. — Pappas Properties has broken ground on a Publix-anchored retail center at Cadia Village Matthews, an 84-acre mixed-use campus located roughly 11 miles southeast of Uptown Charlotte. The approximately 50,000-square-foot grocery store will feature a full-service pharmacy with a drive-thru and is expected to employ roughly 150 associates. The Publix store is set to open in fourth-quarter 2027. Other commercial tenants coming to the retail village at Cadia Village Matthews will include medical office users, a bank branch, fast-casual and sit-down restaurants and neighborhood retail and services. The …

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Doral-Atrium-Walmart_Miami
DevelopmentFloridaGrocery-anchoredNews

Walmart to Open 40,344-Square-Foot Grocery Store in Metro Miami

by Abby Cox

Doral, Fla. — Terra has signed Walmart to a 40,344-square-foot retail lease at Doral Atrium, a 78,000-square-foot lifestyle development in Doral, a western suburb of Miami. Construction on the space, which will be occupied by Walmart Neighborhood Market, is expected to begin this fall with completion anticipated for 2027. Other committed tenants at Doral Atrium include PNC Bank, Bonchon Chicken, Sushi Mas, Tremble Pilates and The Good Feet Store. Jonathan Carter and Pablo Camposano of Colliers are handling the leasing assignment at the retail center.

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Lakeway Commons
Company newsGrocery-anchoredMassachusettsNewsTexas

Centennial Selected to Manage Two Grocery-Anchored Centers in Texas, Massachusetts

by Abby Cox

Austin, Texas and Shrewsbury, Mass. — Centennial has been selected to provide management services for two grocery-anchored centers: Casis Village in Austin, Texas, and Lakeway Commons in Shrewsbury, Massachusetts. Randalls anchors Casis Village, a 48,500-square-foot center located in the Tarrytown neighborhood of Austin. Other tenants at the property include Tarrytown Pharmacy, Starbucks Coffee and Estilo. Lakewood Commons is a 100,000-square-foot retail center that is anchored by a 50,000-square-foot Whole Foods Market. A mix of dining and service-oriented tenants, such as Starbucks Coffee, Tavern in the Square and Burtons Grill, are …

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Marigold Shopping Center
CaliforniaGrocery-anchoredInvestment salesNews

Nuveen Real Estate Acquires Marigold Center in San Luis Obispo, California, for $58.3 Million

by Abby Cox

San Luis Obispo, Calif. — Nuveen Real Estate has acquired Marigold Center, a 174,428-square-foot shopping center located at 3900 Broad St. in San Luis Obispo, for $58.3 million. Gleb Lvovich, Geoff Tranchina, Daniel Tyner and Eric Kathrein of JLL represented the seller, First Washington Realty, in the transaction. Vons anchors Marigold Center, which was 91.5 percent leased at the time of sale. Additional tenants at the property include CVS Pharmacy and Planet Fitness, as well as a mix of sporting goods, restaurant, medical and service-oriented tenants. The center sits on …

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19390-Bear-Valley-Rd-Apple-Valley-CA
CaliforniaInvestment salesNews

Hanley Investment Group Brokers Sale of 87,042-Square-Foot Shopping Center in Apple Valley, California

by Abby Cox

Apple Valley, Calif. — Hanley Investment Group Real Estate Advisors has arranged the sale of Apple Valley Towne Center, an 87,042-square-foot regional shopping center located in San Bernardino County. Kevin Fryman, Bill Asher and Sean Cox of Hanley Investment Group represented the seller and developer, San Pedro, California-based Rich Development Enterprises, in the transaction. The buyer and sales price were not disclosed. Completed earlier this year on a 7.9-acre site at 19390 Bear Valley Road, Apple Valley Towne Center was fully leased at the time of sale to three national junior …

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