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tices-corner
Investment salesNew JerseyNews

Cushman & Wakefield Arranges $109.5 Million Sale of Tice’s Corner in Northern New Jersey

by Abby Cox

Woodcliff Lake, N.J. — Cushman & Wakefield has arranged the $109.5 million sale of Tice’s Corner, a 120,000-square-foot lifestyle center located in the Northern New Jersey community of Woodcliff Lake. The sale was one of the largest single-asset retail transactions of the past decade in New Jersey, according to Cushman & Wakefield. Anchored by Apple, additional tenants at the center include Pottery Barn, J. Crew, Madewell, Anthropologie and Free People, along with dining and specialty shops. Joanna R. Manfro of Cushman & Wakefield represented the buyer, WS Development, in the transaction. …

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Eastvale Gateway South
CaliforniaInvestment salesNews

CBRE Brokers $18.3 Million Sale of Five Retail Properties in Eastvale, California

by Abby Cox

Eastvale, Calif. — CBRE has facilitated the $18.3 million sale of five retail properties at Eastvale Gateway South, a retail portfolio located at 12464-12574 Limonite Ave. in Eastvale. Edward Matevosian, Cray Carlson and Jenny Eng of CBRE represented the seller in the transactions and also represented the multiple buyers. Situated on 5.4 acres and totaling 236,096 square feet, the transactions include:

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tucker-meridian
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Negotiates Sale of 207,000-Square-Foot Grocery-Anchored Center in Metro Atlanta

by Abby Cox

Tucker, Ga. — Colliers has negotiated the sale of Tucker Meridian Shopping Center, a 207,000-square-foot community center located in Tucker, roughly 20 miles northeast of Atlanta. The property traded for an undisclosed price but was one of the largest retail investment transactions completed in Dekalb in recent years, according to Colliers. Tucker Meridian Shopping Center is anchored by a mix of national retailers including Sprouts Farmers Market, Dick’s Sporting Goods, Hobby Lobby, Ross Dress for Less and DSW. The property was approximately 98.7 percent leased at the time of sale. Henry …

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Triangle Town Place
Investment salesNewsNorth Carolina

Heidenberg Properties Acquires 148,538-Square-Foot Center in Raleigh, North Carolina

by Abby Cox

Raleigh, N.C. — Heidenberg Properties, along with Norse Realty Group and DG Raleigh, have acquired Triangle Town Place, a 148,538-square-foot shopping center located in Raleigh. The property, which was more than 94 percent occupied at the time of sale, is anchored by a 75,000-square-foot Dick’s Sporting Goods and a 31,067-square-foot Nordstrom Rack. Other tenants at the center include DSW and Dollar Tree. The seller was Atlanta-based RCG Ventures.

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CVS-pharmacy-Placentia-CA
Company newsNewsRetailersRhode Island

CVS Health to Separate Pharmacy Business, Form Two Publicly Traded Companies

by Abby Cox

Woonsocket, R.I. — Woonsocket-based CVS Health has unveiled plans to separate into two independent, publicly traded companies. A healthcare solutions company will comprise Aetna, CVS Caremark, CVS Specialty, Oak Street Health and Signify Health. In the interim, this company will be referred to as “CVS Health.” Founded in 2012, Oak Street Health offers clinics for older adults across 27 states. The national retail pharmacy and community healthcare company will comprise approximately 9,000 CVS pharmacies, mail pharmacy, MinuteClinic and the Health100 technology services business. This company will be named “CVS Pharmacy.” …

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Lamar Station Plaza
ColoradoInvestment salesNews

Core Acquisitions, Midloch Investment Buy Shopping Center Near Denver for $30.2 Million

by Abby Cox

Lakewood, Colo. — Deerfield, Illinois-based Core Acquisitions and Chicago-based Midloch Investment Partners have acquired Lamar Station Plaza, a regional shopping center in Lakewood, approximately five miles west of downtown Denver. An undisclosed seller sold the property for $30.2 million. Lamar Station Plaza features 271,632 square feet of retail space anchored by Casa Bonita, a Mexican restaurant and entertainment destination owned by “South Park” television show creators Trey Parker and Matt Stone. The 1,000-seat Casa Bonita features live entertainment with an indoor waterfall and cliff-diving pool and accommodates more than 650,000 visits …

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Village at Lee Branch
AlabamaInvestment salesNewsPower centers

JLL Negotiates $32.5 Million Sale of Power Center in Birmingham, Alabama

by Abby Cox

Birmingham, Ala. — JLL has negotiated the $32.5 million sale of the second phase of Village at Lee Branch, a power center located at 1201 Doug Baker Blvd. in Birmingham. Brad Buchanan, Jim Hamilton and Anton Serafini of JLL represented the seller, Atlanta-based Cygnus Capital, in the transaction. The buyer was Richmond, Virginia-based Hackney Real Estate Partners. Phase II of the project totals 223,300 square feet. Situated in Birmingham’s Meadowbrook submarket along U.S. Highway 280, Village at Lee Branch II was 83 percent leased at the time of sale to …

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Magnolia-Marketplace_NOLA
Investment salesLouisianaNews

Matthews Brokers Sale of Magnolia Marketplace Shopping Center in New Orleans

by Abby Cox

New Orleans — Matthews has brokered the sale of Magnolia Marketplace, a 115,281-square-foot shopping center located at 2900 South Claiborne Ave. in New Orleans. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the locally based seller, Stirling Properties, and sourced the buyer, Agree Realty. The sales price was not disclosed, but the deal marks the highest sales price for a retail property sold within New Orleans’ Mid-City/Central City submarket within the past 10 years, according to data from CoStar Group. Built in 2015 by Stirling, Magnolia Marketplace was fully …

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DevelopmentGrocery-anchoredNewsPennsylvania

Wegmans to Anchor 168,000-Square-Foot Galleria of Mt. Lebanon Shopping Center in Metro Pittsburgh

by Abby Cox

Mt. Lebanon, Pa. — Roadside Development and Wegmans Food Markets have announced that Wegmans will serve as the anchor tenant at Galleria of Mt. Lebanon, a 168,000-square-foot shopping center located in Mt. Lebanon, roughly five miles south of downtown Pittsburgh. The company broke ground on the 115,000-square-foot grocery store in August 2026, which is anticipated to open in fall 2027. Galleria of Mt. Lebanon originally opened in 1965 as a Kaufmann’s department store, where the property was later converted into an indoor shopping mall in 1988. Roadside and Wegmans plan to …

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Lakewood-Center-Lakewood-CA
CaliforniaInvestment salesNews

Faris Lee Brokers $37.3 Million Sale of 97,319-Square-Foot Retail Property in Lakewood, California

by Abby Cox

Lakewood, Calif. — Faris Lee Investments has arranged the sale of a 97,319-square-foot portion of Lakewood Center, a retail center located in Lakewood. A consortium of multiple owners sold the asset to an undisclosed seller for $37.3 million. Situated on 5 acres within Lakewood Center, the sold portion is leased to tenants including Burlington, 24 Hour Fitness and Bank of America. Don MacLellan, Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller in the deal. This is the second large portion of Lakewood Center that Faris Lee …

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