Hornell and Geneseo, N.Y. — Cleeman Realty Group has brokered the sale of a 453,350-square-foot, grocery-anchored retail portfolio located in upstate New York. The portfolio includes Hornell Plaza, a 253,603-square-foot shopping center located in Hornell, and Genesee Valley Shopping Center, a 199,747-square-foot retail property in Geneseo. Hornell Plaza is dual-anchored by Wegmans Food Markets and Walmart, while Genesee Valley Shopping Center is anchored by Wegmans and features a complementary mix of retailers including Tractor Supply, T.J. Maxx, Harbor Freight Tools, Five Below and Dollar Tree. Wegmans has maintained a presence at …
News
Comras Co. Receives Approval to Advance Construction for Retail Micro-District in Miami Beach
Miami Beach, Fla. — Comras Co. has received approval from the city of Miami Beach to advance construction on the NoLi District, a 150,000-square-foot, pedestrian-focused retail and lifestyle micro-district under development on the north end of Lincoln Road in Miami Beach. Work is now underway on the next major phase of the district, with the partial demolition of 723 Lincoln Road to create Via NoLi — an 18-foot-wide pedestrian passage that will establish the first direct connection between Lincoln Road and Lincoln Lane, which will be renamed NoLi Lane. Via NoLi …
Lancaster, Calif. — Gantry has arranged a $31 million permanent loan to refinance the Valley Central Shoppes, a 174,000-square-foot inline retail center located in the Antelope Valley submarket of Lancaster. The property is a component of a larger master-planned power center. Following the property’s acquisition in late 2025, the borrower secured a new lease with Boot Barn to backfill vacant space, as well as renewal agreements with other tenants. Current retailers and restaurants at the property include Staples, Marshall’s, Five Below, Planet Fitness, Starbucks Coffee, Jersey Mike’s Subs, Black Angus Steakhouse, …
Cincinnati — Cooper Commercial Investment Group has negotiated the $7 million sale of Springdale Town Center, a 43,071-square-foot retail and medical center located in Cincinnati. Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group represented the seller, an East Coast-based private investment group, in the transaction. A private New York group purchased the property for 99 percent of the asking price. Built in 2007, the center features 13 tenants including Waffle House, Republic Finance, Cincinnati Foot & Ankle Care, Marathon Healthy, Subway, Domino’s Pizza and Proscan Imaging, among …
Terrell, Texas — Younger Partner Investments (YPI) and Terrell Younger LLC have acquired Crossroads at Terrell, a 260,876-square-foot power center located in Terrell, roughly 30 miles east of Dallas. Situated on 29 acres, Crossroads at Terrell was built between 2019 and 2024. The fully leased center features a mix of tenants including Academy Sports + Outdoors, Hobby Lobby, Marshalls, Bealls, Ross Dress for Less, Petco, Ulta Beauty, Five Below and Buffalo Wild Wings, among others. Kathy Permenter and Moody Younger of YPI represented the buyers. Philip Levy of Institutional Property Advisors (IPA) and Chris …
Cushman & Wakefield | Commercial Advisors Brokers $11.1 Million Sale of 70,659-Square-Foot Retail Center in Metro Memphis, Tennessee
Bartlett, Tenn. — Cushman & Wakefield | Commercial Advisors has brokered the sale of Wolf Run Plaza, a 70,659-square-foot retail center located in Bartlett, approximately 15 miles northeast of downtown Memphis. The Memphis Business Journal reports the purchase price as $11.1 million. The property was 94 percent leased to nine tenants at the time of sale including Guitar Center, Gould’s Academy, TCBY and Pump It Up. Brian Califf of NAI Saig Co. represented the buyer, Gregory Realty GP, led by local investor Hulet Gregory. Landon Williams and Ryan Thomas of …
Lexington, Ky. — Newmark has arranged the $104 million recapitalization of Fritz Farm, 52-acre lifestyle center under development in Lexington. Chris Kramer and Dan Axelson of Newmark secured the senior loan through funds managed by Blackstone, while Conor Lalor of Newmark represented Hendricks Commercial Properties (HCP), who purchased the property in 2025. The transaction adds Kimco Realty as a preferred equity investor in the property. Beloit, Wisconsin-based HCP is investing $14.1 million to expand the retail offerings at Fritz Farm, which will add more than 30,387 square feet of new shopping …
Corona del Mar, Calif. — Hanley Investment Group Real Estate Advisors has acquired the retail investment sales division of Fresno, California-based Visintainer Group. Together, the teams have closed more than $665 million in the Central Valley since 2021. John Kourafas will join Hanley Investment Group as vice president of sales and Jamey Browning will join as transaction manager. Brett Visintainer, principal of Visintainer Group, will stay on as a strategic advisor to both teams, focused on clients and 1031 exchange buyers. At Visintainer Group, Kourafas was involved in more than $600 …
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 …
Evergreen, Schmer Family Break Ground on 29-Acre Grocery-Anchored Center in Loveland, Colorado
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 …