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Midtown-Village
AlabamaInvestment salesNews

JLL Income Property Trust Acquires Shopping Center in Tuscaloosa, Alabama for $94 Million

by Abby Cox

Tuscaloosa, Ala. — Chicago-based JLL Income Property Trust has acquired Midtown Village, a 345,000-square-foot shopping center located near the University of Alabama campus in Tuscaloosa, for $94 million. The seller requested anonymity. Built in 2007, Midtown Village consists of eight single-story buildings across a 30-acre site. The open-air center features a mix of retailers such as Barnes & Noble, Ulta Beauty, Old Navy, Best Buy, lululemon, American Eagle & Aerie, Fab’rik, Kay Jewelers, South Boutique, Loft, Tuscaloosa Nail & Spa and GameStop. Restaurants include Panera Bread, Blaze Pizza, Metro Diner and …

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Gateway-Plaza
Investment salesNewsTexas

Palomar Group Arranges Sale of 179,327-Square-Foot Retail Center in San Antonio

by Abby Cox

San Antonio — The Palomar Group has arranged the sale of Gateway Plaza, a 179,327-square-foot retail center located in San Antonio. The Criterion Fund purchased Gateway Plaza for $16.7 million. The seller was a private investor. Ollie’s, dd’s DISCOUNTS, Dollar Tree and DG Market anchor the property, which was 90 percent leased at the time of sale. Built in 1988 and renovated in 2024, capital improvements at the center have included an updated façade, parking lot resurfacing and general site upgrades.

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franklin-crossroads-park-retail
DevelopmentMixed-useNewsPennsylvania

IRG, PREP Funds Open 100,000-Square-Foot Retail Phase at Franklin Crossroads Park in Suburban Pittsburgh

by Abby Cox

North Franklin Township, Pa. — A partnership between Los Angeles-based Industrial Realty Group (IRG) and Cleveland-based PREP Funds has opened its 100,000-square-foot retail phase at Franklin Crossroads Park, located roughly 30 miles south of Pittsburgh. Previously known as Washington Crown Center, the adaptive-reuse project will transform the former indoor mall into a multi-tenant commercial and business mixed-use destination. The renovated retail segment is currently 98 percent leased to a mix of tenants including Ollie’s Bargain Outlet, Dollar Tree, Rural King, MAC.BID, The Toffee House, Haven Cheer & Gymnastics, Nail Trix, Bacon …

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Doral Marketplace
FloridaGrocery-anchoredInvestment salesNews

Cushman & Wakefield Negotiates $83 Million Sale of Whole Foods-Anchored Center in Doral, Florida

by Abby Cox

Doral, Fla. — Cushman & Wakefield has negotiated the sale of Doral Marketplace, an 83,365-square-foot, newly constructed retail center located in Doral, a western suburb of Miami. According to multiple sources, the property sold for $83 million. Whole Foods Market anchors the property, which was fully leased at the time of sale. Other tenants include Ulta Beauty, Shake Shack, J. Crew and Warby Parker. Mark Gilbert, Adam Feinstein, and Mitchell Halpern of Cushman & Wakefield represented the seller, SJC Ventures, in the transaction. The buyer is a high-net-worth family office …

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The Hub at Bexley
FloridaInvestment salesNews

JLL Arranges Sale of 50,000-Square-Foot Neighborhood Center in Metro Tampa Bay, Florida

by Abby Cox

Land O’ Lakes, Fla. — JLL Capital Markets has arranged the sale of The Hub at Bexley, a 50,000-square-foot neighborhood center located within the Bexley master-planned community in Land O’ Lakes, approximately 20 miles north of Tampa. Delivered in 2023, The Hub at Bexley was fully leased to a mix of food-and-beverage, health and wellness and entertainment and service tenants such as BellaBrava, Stillwaters Tavern and TREK Bikes. The center also features a village-style design with a covered event stage, landscaped courtyards and outdoor seating. Additional tenants at the center …

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7-Eleven
Investment salesNewsTexas

Marcus & Millichap Brokers $7.3 Million Sale of Single-Tenant Retail Property in Alice, Texas

by Abby Cox

Alice, Texas — Marcus & Millichap has brokered the $7.3 million sale of a single-tenant retail property located in Alice, roughly 50 miles east of Corpus Christi. The newly built, 4,874-square-foot property is occupied by a 7-Eleven convenience store and gas station. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap represented the buyer, an Arizona limited liability company, and coordinated with the seller, a Texas limited partnership.

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DevelopmentNewsRestaurants

Mokas Coffee & Eatery Signs Nine-Unit Deal in Missouri, Kansas

by Abby Cox

Salina, Kan. — Mokas Coffee & Eatery has signed a nine-unit franchise development deal in the Kansas City area with Cornerstone Hospitality, led by veteran entrepreneurs Brice Turner and Jeff Bennett. The deal includes six units across Clay and Jackson counties in Missouri, along with three additional development units outside the metro area in Derby, Garden City and Manhattan, Kansas. Active site selection is underway with a projected opening in 2027. Mokas Coffee & Eatery, which is part of the JRI Hospitality Group, operates seven locations in Kansas and Arizona.

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North-Point-Mall_Alpharetta
DevelopmentGeorgiaMixed-useNews

City of Alpharetta Approves North Point Mall Rezoning for Planned Hockey-Anchored Mixed-Use Village in Metro Atlanta

by Abby Cox

Alpharetta, Ga. — The Alpharetta City Council has approved the rezoning of North Point Mall, a shuttered 1.3 million-square-foot shopping mall that originally opened in 1993. The redevelopment is now zoned for the build-out of a mixed-use entertainment district that the development team hopes will attract a National Hockey League (NHL) team. The team behind the nearly 100-acre mixed-use district includes landowner New York Life Insurance Co., real estate development and placemaking firm Jamestown and specialty sports and entertainment development firm Machete Group. The design-build team includes HKS Architects and Kimley-Horn (civil …

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encinitas-retail-properties
CaliforniaInvestment salesNews

Marcus & Millichap Brokers $8.3 Million Sale of Two-Property Retail Portfolio in Metro San Diego

by Abby Cox

Encinitas, Calif. — Marcus & Millichap has brokered the sale of a two-property retail portfolio located at 548-568 S. Coast Highway 101 and 571 2nd St. in Encinitas, roughly 25 miles north of San Diego. The properties sold for a combined $8.3 million. The first property — 548-568 S. Coast Highway 101 — spans 5,698 square feet of retail space and includes five suites in two adjacent buildings. Adam Robinson of RAF Pacifica Group purchased the property for $4.7 million. The second property — 571 2nd St. — features 6,508 square …

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Temecula_Vail_Ranch
CaliforniaInvestment salesNews

Progressive Real Estate Arranges $6.5 Million Sale of Multi-Tenant Retail Building in Southern California

by Abby Cox

Temecula, Calif. — Progressive Real Estate Partners has arranged the $6.5 million sale of a multi-tenant retail building located within Vail Ranch Plaza in Temecula. Greg Bedell of Progressive represented the buyer, a Los Angeles-based private investor. Brian Bielatowicz, Ryan Bennett and Drew Olson of Lee & Associates represented the seller, another private investor. The 8,781-square-foot retail property was fully leased at the time of sale to tenants including Better Buzz Coffee, Orangetheory Fitness, Krak Boba and D’Or Nail Lounge. Vail Ranch Plaza is an open-air shopping center that is …

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