News

Village-Center-at-Rose
CaliforniaGrocery-anchoredInvestment salesNews

CBRE Arranges $66.2 Million Sale of Grocery-Anchored Center in Metro Los Angeles

by Abby Cox

Placentia, Calif. — CBRE has arranged the $66.2 million sale of Village Center at Rose, a 118,876-square-foot shopping center located in Placentia, roughly 35 miles northeast of downtown Los Angeles. Jimmy Slusher, Mark Damiani, James Tyrrell and Shaya McClanahan of CBRE represented the seller, First Washington Realty, in the transaction. The buyer was Charlotte, North Carolina-based Barings. Built in 1996, Village Center at Rose is anchored by Ralphs, which has operated at the site since the center’s opening and occupies 37 percent of the gross leasable area. Additional tenants at the …

Continue Reading
0 FacebookTwitterLinkedinEmail
ColoradoDevelopmentGrocery-anchoredNews

Evergreen, Schmer Family Break Ground on 29-Acre Grocery-Anchored Center in Loveland, Colorado

by Abby Cox

Loveland, Colo. — Evergreen Development and the Schmer family have broken ground on Schmer Farm Marketplace, a planned 29-acre retail center located in Loveland, roughly 45 miles north of Denver. Situated on the corner of Highway 34 and Rocky Mountain Avenue, a 122,000-square-foot King Soopers grocery store will anchor the property, which will bring expanded shopping and service-based businesses to the area. In addition to the anchor tenant, Evergreen has also signed leases with Chase Bank and Black Rock Coffee Bar. The Schmer family has partnered with Evergreen to transform …

Continue Reading
0 FacebookTwitterLinkedinEmail
peninsula-town-center
LeasingNewsVirginia

Divaris Selected to Lease More than 220,000 Square Feet at Peninsula Town Center in Hampton, Virginia

by Abby Cox

Hampton, Va. — Divaris Real Estate has been selected to oversee retail leasing on behalf of Linville Team Partners for three buildings at Peninsula Town Center in the Hampton Roads area. The 227,424-square-foot leasing assignment — which will include buildings F, G and H — will focus on expanding the center’s dining options, introducing new-to-market retailers and attracting experiential entertainment, fitness, wellness and service-oriented businesses. The 1.1 million-square-foot open-air center opened in 2010 and features a mix of tenants including a fully remodeled Target, JCPenney, Barnes & Noble, H&M, PetSmart, Floor & …

Continue Reading
0 FacebookTwitterLinkedinEmail
las-tiendas-village
Company newsGrocery-anchoredInvestment salesNew YorkNews

PSP Investments, Nuveen Launch $790 Million Grocery-Anchored Retail Joint Venture

by Abby Cox

Montréal and New York City — The Public Sector Pension Investment Board (PSP Investments), a pension fund investor based in Montreal, and Nuveen Real Estate, one of the largest investment managers in the world, have launched a joint venture with an initial investment of $790 million to acquire open-air shopping centers across the United States. To date, PSP and Nuveen have closed on 3 million square feet across 19 assets in Arizona, California, Colorado, Florida, Minnesota, Texas, Virginia and Washington.    The investment strategy is demographically driven, focusing on open-air shopping …

Continue Reading
0 FacebookTwitterLinkedinEmail
Wilmore-Center-Wheat-Ridge-CO
ColoradoInvestment salesNews

CentrePoint Properties Negotiates Sale of 52,743-Square-Foot Mixed-Use Property in Metro Denver

by Abby Cox

Wheat Ridge, Colo. — CentrePoint Properties has negotiated the $14.5 million sale of Wilmore Center, a 52,743-square-foot mixed-use property located in Wheat Ridge, approximately five miles west of downtown Denver. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. The buyer was HCA HealthONE. Situated on 5 acres at 7615 W. 38th Ave., Wilmore Center comprises two single-story multi-tenant buildings offering mixed-use space and 236 parking spaces. At the time of sale, the property was 84 percent occupied by 15 tenants. The tenant mix includes …

Continue Reading
0 FacebookTwitterLinkedinEmail
421-Alakawa-St-Honolulu
HawaiiInvestment salesNews

Benderson Expands to Hawaii, Acquires 130,000-Square-Foot Retail Property in Honolulu

by Abby Cox

Honolulu — Benderson Development has entered the Hawaiian market with the purchase of a retail property, currently occupied by The Home Depot, in Honolulu. Terms of the transaction were not released. Located at 421 Alakawa St., the property consists of a 130,000-square-foot building and an adjoining two-story parking structure with more than 600 stalls. Based in Sarasota, Florida, Benderson Development is a privately held, family-owned real estate company with more than 1,000 properties totaling over 58 million square feet across 41 states.

Continue Reading
0 FacebookTwitterLinkedinEmail
1717-E-Vista-Way-Vista-CA
CaliforniaInvestment salesNews

Pacific Coast Commercial Brokers $3.5 Million Sale of Multi-Tenant Strip Center in Vista, California

by Abby Cox

Vista, Calif. — Pacific Coast Commercial has brokered the $3.5 million sale of a multi-tenant strip center located at 1717 E. Vista Way in Vista, roughly 34 miles north of San Diego. The 30,600-square-foot property is occupied by a mix of local office and retail businesses. Martin Alfaro of Pacific Coast Commercial represented the seller, LB ONE LLC, and buyer, CDH Holdings V LLC, in the deal.

Continue Reading
0 FacebookTwitterLinkedinEmail
ConnecticutDevelopmentNew YorkNewsRestaurants

Tropical Smoothie Cafe Signs 40-Unit Deal in New York, Connecticut

by Abby Cox

New York City — Tropical Smoothie Cafe has signed a 40-unit franchise development deal across New York and Connecticut with franchisee Aurify Kingstar. The first location is planned to open in early 2027. With more than 1,750 cafes and an active development pipeline, the brand is on track to open its 1,800th location by the end of 2026.  The 40-unit deal will expand Tropical Smoothie Cafe’s footprint across Albany, Westchester County and the Bronx, as well as western Connecticut. Aurify Kingstar (AKS) is a multi-brand restaurant investment and operating company with …

Continue Reading
0 FacebookTwitterLinkedinEmail
Brookside Marketplace
ArizonaConnecticutGeorgiaGrocery-anchoredIllinoisInvestment salesMissouriNew JerseyNewsNorth CarolinaSouth CarolinaVirginia

Pine Tree Acquires Sponsor Interest in 10-Property Retail Portfolio Valued at $644 Million

by Abby Cox

Chicago — Chicago-based Pine Tree, a national owner and operator of open-air shopping centers, has acquired a sponsor interest in a 10-property retail portfolio valued at $644 million. The interest was acquired from SITE Centers in partnership with an undisclosed, large international investor. Spanning nine states, the portfolio comprises 3.5 million square feet and features a mix of tenants such as Target, Sam’s Club, Publix, ALDI, Sprouts Farmers Market, Food Lion, The Fresh Market, Lowe’s, Dick’s Sporting Goods, Best Buy, Marshalls, HomeGoods and Ross Dress for Less, among others. The portfolio …

Continue Reading
0 FacebookTwitterLinkedinEmail
Rice Lake Square
Grocery-anchoredIllinoisInvestment salesNews

Mid-America Negotiates $52.8 Million Sale of 244,924-Square-Foot Grocery-Anchored Center in Metro Chicago

by Abby Cox

Wheaton, Ill. — Mid-America Real Estate Corp. has negotiated the $52.8 million sale of Rice Lake Square, a 244,924-square-foot neighborhood center located in Wheaton, approximately 25 miles west of downtown Chicago. Pete’s Fresh Market anchors the property, which features a mix of additional tenants such as PetSmart, Massage Envy, Pure Barre, Xfinity, Potbelly, 7Brew and Taco Bell, among others. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Core Acquisitions, in the transaction. The property was acquired by Phillips Edison Co.

Continue Reading
0 FacebookTwitterLinkedinEmail
Newer Posts
Older Posts