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Park-North
Investment salesNewsTexas

Sterling Organization Sells 635,325-Square-Foot Park North Shopping Center in San Antonio

by Abby Cox

San Antonio — Sterling Organization has sold Park North Shopping Center, a 635,325-square-foot regional retail center in San Antonio. Local media sources report the purchase price was $115 million. Target anchors the property, which was 93.3 percent leased at the time of sale. Other tenants include Pinstack, Alamo Drafthouse Cinema, Norris Conference Centers and Outlaw Pickleball. The property also features approximately 42,381 square feet of immediate lease-up space. Chris Gerard, Barry Brown, Erin Lazarus and Whitney Snell of JLL represented Sterling in the transaction. The buyer was Dhanani Private Equity …

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1300-franklin-garden-city-ny
Investment salesNew YorkNews

JLL Negotiates Sale of 127,496-Square-Foot Retail, Medical Building in Garden City, New York

by Abby Cox

Garden City, N.Y. — JLL Capital Markets has negotiated the sale of 1300 Franklin Ave., a 127,496-square-foot retail and medical office building in the Long Island community of Garden City. Originally built in the 1960s and renovated in 2007, the property comprises roughly 50,000 square feet of retail space and 50,000 square feet of medical office space, with approximately 27,000 square feet of vacant space. NYU Langone Health anchors the building, which was 78.5 percent leased at the time of sale. Other tenants include Walgreens, Cornell Medicine and Healthtrax. Jose Cruz …

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4268-N-Varsity-Ave-San-Bernardino-CA
CaliforniaInvestment salesNews

SRS Real Estate Brokers $6.8 Million Sale of Single-Tenant Retail Property in San Bernardino, California

by Abby Cox

San Bernardino, Calif. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located in San Bernardino. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the transaction.

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target-west-orange-plaza
LeasingNew JerseyNews

Levin Management Corp. Signs Three New Leases at West Orange Plaza in Northern New Jersey

by Abby Cox

West Orange, N.J. — Levin Management Corp. (LMC) has signed three new leases at West Orange Plaza, a 298,000-square-foot grocery-anchored center in West Orange, about 20 miles west of Manhattan. Quickway Japanese Hibachi will open a 1,511-square-foot restaurant, while Namkeen Hot Chicken Joint will debut a 1,460-square-foot venue. Lastly, VIO Med Spa will occupy 1,923 square feet. The recently signed tenants will be joining a roster of various retailers and restaurants including Verizon, Chipotle Mexican Grill, Jersey Mike’s Subs, Whole Foods Market, Dogtopia, America’s Best Contacts & Eyeglasses and a …

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Company newsGrocery-anchoredNewsVirginia

Rappaport to Manage West Springfield Shopping Center in Metro Washington, D.C.

by Abby Cox

Springfield, Va. — Rappaport has been selected to provide property management services for Principal Asset Management’s West Springfield Shopping Center, an 86,000-square-foot grocery-anchored center located in Springfield, approximately 14 miles southwest of Washington, D.C. Rappaport already oversees leasing at the property, and also previously managed a redevelopment project at the center, which featured the relocation and ground-up construction of an Inova/GoHealth facility and consolidation of the new grocery anchor, Aldi. Additional tenants at West Springfield Shopping Center include Panera Bread, Chipotle Mexican Grill, Subway, Magic Cleaners, The UPS Store, Papa John’s …

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Mountain-Shadows-Plaza
CaliforniaInvestment salesNews

SRS Real Estate Negotiates $17.7 Million Sale of Mountain Shadows Plaza in Rohnert Park, California

by Abby Cox

Rohnert Park, Calif. — SRS Real Estate Partners has negotiated the $17.7 million sale of Mountain Shadows Plaza, a 77,651-square-foot retail center located in the Sonoma County community of Rohnert Park. Situated on roughly 7.5 acres, the five-building property was 97 percent occupied at the time of sale. Tenants include Walmart Neighborhood Market, Starbucks Coffee, Straw Hat Pizza, The UPS Store, Subway and Anytime Fitness. John Redfield and Joe Chichester of SRS represented the seller, a special purpose vehicle controlled by Oak Cap Ventures LLC (OCV).

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Westland-Plaza
Grocery-anchoredInvestment salesMississippiNews

Legacy Realty Group Arranges Sale of 214,281-Square-Foot Westland Plaza in Jackson, Mississippi, for $11.8 Million

by Abby Cox

Jackson, Miss. — Legacy Realty Group Advisors has arranged the sale of Westland Plaza, a 214,281-square-foot shopping center located in Jackson, for $11.8 million. Grocery Depot anchors the property, which is also home to a mix of additional tenants including Planet Fitness, Family Dollar, Hibbett Sports, Rent-A-Center, Rainbow Shops and City Gear.  Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the transaction. Beezie Landry and Justin Langlois of Stirling Investment Advisors represented the seller.

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Phoenixville-Shopping-Center
Investment salesNewsPennsylvania

Marcus & Millichap Brokers $7.4 Million Sale of 33,093-Square-Foot Retail Property in Metro Philadelphia

by Abby Cox

Phoenixville, Pa. ­— Marcus & Millichap has brokered the $7.4 million sale of Phoenixville Shopping Center, a 33,093-square-foot retail property located in Phoenixville, roughly 28 miles northwest of Philadelphia. Built in 2007 on nearly 4 acres, the center is fully leased and shadow anchored by ACME Markets. Additional tenants include Fresenius Kidney Care, Labcorp, NovaCare Rehabilitation, State Farm, Benchmark Federal Credit Union and Habitat for Humanity ReStore, as well as a mix of local service and retail operators.  Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the seller, …

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area-15-tenants
LeasingNevadaNews

AREA15 in Las Vegas Unveils18 New Tenants

by Abby Cox

Las Vegas — A mix of 18 tenants have signed leases to join AREA15, a 40-acre entertainment, retail and dining district in Las Vegas. Universal Horror Unleashed and Interstellar Arc are already open at the property, while The Escape Room, Malibu Barbie Café and Great Big Game Show are scheduled to open in the coming weeks. Restaurant concepts Fuku Chicken, Chilango’s Tacos, Alien Pizza Party, Museum of Ice Cream, Saint Honoré Doughnuts & Beignets, Cosmic Pretzel, The Bowl, Good Company Burgers and Nacho Daddy will open in 2026, along with apparel …

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sarasota-square-redevelopment
Company newsFloridaLeasingNews

Jamestown to Provide Leasing for Sarasota Square Redevelopment in Florida

by Abby Cox

Sarasota, Fla. — Jamestown has been selected to provide leasing for Sarasota Square, a redevelopment of the former Sarasota Square mall, which will be transformed into an open-air lifestyle center. Chicago-based Torburn Partners received approval for the redevelopment plan in April 2024, and demolition of the indoor mall began in February 2025. The first retail building is currently under construction. Previously confirmed tenants at the project include Whole Foods Market, Homesense, CAVA, Chipotle Mexican Grill, Joe & The Juice and Charles Schwab.

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