Kansas City, Mo. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot shopping center located in Kansas City. Sprouts Farmers Market anchors the property, which was 83 percent leased at the time of sale. Other tenants include Orangetheory Fitness, Club Pilates, Caribou Coffee and Taco Bell, among others. Chris Robertson of Newmark Zimmer represented the buyer in the transaction. PNC Bank financed the acquisition. Inland Real Estate Income Trust was the seller.
Rosemead, Calif. — Walker & Dunlop has arranged a $46 million loan for the refinancing of Rosemead Place, a 336,718-square-foot power center located in Rosemead, roughly 12 miles east of downtown Los Angeles in the West San Gabriel Valley. Trevor Fase and Lynn Pearson of Walker & Dunlop secured the fixed-rate, interest-only permanent debt loan. Joel Minugh and James Ko of Wells Fargo provided the loan for the borrower, a family office. Rosemead Place features a mix of tenants including Target, LA Fitness, Ross Dress for Less, PetSmart, ULTA Beauty and …
Annapolis, Md. — MCB Real Estate has purchased an ownership interest in Annapolis Plaza, a 165,565-square-foot shopping center located in Annapolis. An unnamed institutional partner of MCB will retain an ownership interest in the retail property, while MCB will oversee leasing strategy, asset management and property management at the center. The seller and sales price were not disclosed, as well as the percentage of the ownership stake. Annapolis Plaza’s tenant roster includes Trader Joe’s, Homesense, HomeGoods and Marshalls. World Market plans to open a new 16,818-square-foot store at the shopping …
Linden, N.J. — Stockbridge Capital Group and Cypress Equities have sold The Shops at Legacy Square, a 93,785-square-foot retail center located in the Northern New Jersey community of Linden. Completed in 2021, the five-building center was 80.6 percent occupied at the time of sale. The property also features multiple fully leased shadow pad sites with tenants such as Starbucks Coffee, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental. J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the sellers in the transaction. JLL’s Michael …
La Porte, Texas — Marcus & Millichap has brokered the sale of La Porte Plaza, a 20,477-square-foot multi-tenant retail center located in La Porte, approximately 25 miles east of downtown Houston. Justin Miller marketed the property on behalf of the seller, an out-of-state investor, and procured the buyer, a local investor. Built in 2014 on 2.3 acres, La Porte Plaza features a mix of tenants including Dollar Tree, Firehouse Subs, Donald’s Donuts, La Monarca Ice Cream and Taquerias Arandas.
Port Charlotte, Fla. — JLL has brokered the $23.5 million sale of Promenades Port Charlotte, a 226,000-square-foot grocery-anchored shopping center located at 3280 Tamiami Trail in Port Charlotte. The 1970s-era property was completely renovated in 2024, and its Winn-Dixie anchor was recently rebranded to Aldi. Promenades Port Charlotte was 79.5 percent leased at the time of sale to tenants including Bealls Outlet, HCA Florida Fawcett Hospital and YouFit Gym. Danny Finkle, Jorge Portela, Kim Flores and Jacob Wise of JLL represented the undisclosed seller in the transaction. Kenny Cutler and …
Hoover, Ala. — FrostPoint Capital has acquired Lake Crest Plaza, a 22,069-square-foot retail center located in Hoover, roughly 10 miles south of Birmingham, for $5.6 million. The property, which was fully leased at the time of sale, features a mix of 13 tenants including Whiskey Foxtrot Burger Dive, Oak & Ale and Cajun Cleaver. Crawford Square Real Estate Advisors will manage and lease the center, along with FrostPoint Capital.
Algonquin, Ill. — Marcus & Millichap has negotiated the $5.6 million sale of a newly built retail property occupied by Chipotle Mexican Grill and First Watch in Algonquin. The 6,150-square-foot building is located at 1721 S. Randall Road within The Enclave mixed-use development. Austin Weisenbeck and Sean Sharko of Marcus & Millichap represented the seller, an undisclosed developer, in the transaction. Darpan Patel and Dan Yozwiak of Marcus & Millichap procured the out-of-state buyer.
Mooresville, N.C. — Lowes Foods plans to anchor Cadia Village Mooresville, a mixed-use development underway in suburban Charlotte. The Winston-Salem-based grocer will open a 52,000-square-foot store that features various departments, including a craft brewery (The Beer Den), coffee shop (Boxcar Coffee) and bakery (The Cakery). The developer, Pappas Properties, plans to break ground on the new Lowes Foods store in the third quarter, aiming for delivery in 2027. Situated near Lake Norman, Cadia Village Mooresville will feature a retail center, offices, a community village green space, for-sale homes, active adult apartments …
Paris, Texas — Culpepper Realty Co. has sold Paris Towne Center, a 291,958-square-foot, grocery-anchored shopping center located in the Northeast Texas city of Paris. Adam Howells and Erin Myer of JLL Capital Markets represented the seller in the transaction. The buyer was Corsair Property Co. Built in 1976, Paris Towne Center was 96 percent occupied at the time of sale. Tenants include Aldi, Hobby Lobby, Ross Dress for Less, T.J. Maxx, Five Below, Ulta Beauty and Bath & Body Works.
