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LA-Fitness-Anchored-Retail-Center-Mundelein
IllinoisInvestment salesNews

Marcus & Millichap Brokers $14 Million Sale of LA Fitness-Anchored Retail Property in Metro Chicago

by Abby Cox

Mundelein, Ill. — Marcus & Millichap has arranged the nearly $14 million sale and financing of an LA Fitness-anchored, four-suite retail property in Mundelein, roughly 35 miles northwest of downtown Chicago. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an experienced real estate investor and developer in Chicagoland. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer, which completed a 1031 exchange. Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged $9.8 million in acquisition financing through a …

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Chick-fil-A
Investment salesNewsTennessee

RealSource Group Arranges $2.7 Million Pre-Sale of Single-Tenant Restaurant Property in Southeastern Tennessee

by Abby Cox

Hixson, Tenn. — RealSource Group has arranged the $2.7 million pre-sale of a single-tenant restaurant property in Hixson. Upon completion, Chick-fil-A will occupy the 6,008-square-foot building on a 15-year corporate triple-net ground lease. The store features a double drive-thru and will replace an existing Chick-fil-A property at Oak Park Town Center, a 182,000-square-foot shopping center. Construction is scheduled to begin in September 2026. Jonathan Schiffer and Austin Blodgett of RealSource Group, in association with ParaSell Inc., represented the buyer, a high‑net‑worth investor based in Florida. Don McMinn and Andrew Koriwchak …

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Investment salesNewsWisconsin

Hanley Investment Group Negotiates Sale of Three Single-Tenant Retail Properties in Eastern Wisconsin

by Abby Cox

Wisconsin — Hanley Investment Group Real Estate Advisors has negotiated the off-market sale of three single-tenant O’Reilly Auto Parts stores located in eastern Wisconsin within the Fox Valley and greater Madison trade areas. The properties include: Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, a Montana-based development company, in the transaction. The buyer and sales price were not disclosed.

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DevelopmentKansasNews

Movement Musick Unveils Plans for Downtown Grocery Store, Expanded Community Space in Wichita

by Abby Cox

Wichita, Kan. — Movement Musick has unveiled additional plans regarding its downtown Wichita development, including a new grocery store, expanded community gathering space and the project team. The planned 30,000-square-foot urban market concept is being developed in partnership with the Queen family, one of the founding owners of the Price Chopper brand. In addition to leading the capital investment for construction, Movement Musick has structured the partnership to support the store’s operations through its initial growth period. Movement Musick is evaluating a few locations for the store within a two-block …

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CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $20.5 Million Sale of Crown Valley Mall Near Laguna Beach, California

by Abby Cox

Laguna Niguel, Calif. — JLL Capital Markets has arranged the $20.5 million sale of Crown Valley Mall, a 62,627-square-foot, grocery-anchored retail center located near Laguna Beach. A private family, which had owned the property since it was originally built in 1969, sold the property to Charlotte, North Carolina-based Asana Partners. Tenants at Crown Valley Mall include Smart & Final, Baja Fish Tacos, Domino’s and Avis. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL represented the seller and sourced the all-cash institutional buyer in the transaction.

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CaliforniaInvestment salesNews

Reports: Prado Group, Presidio Group Ventures End Bid for San Francisco Centre

by Abby Cox

San Francisco — Prado Group and Presidio Group Ventures, the prospective buyers for San Francisco Centre, have ended their bid to purchase the 1.5 million-square-foot mall, according to reports from San Francisco Times and San Francisco Chronicle. The Chronicle cited a joint statement from the potential buyers announcing that they remain “strong believers in the long-term future of downtown San Francisco” and the long-struggling shopping center’s “pivotal importance to Market Street and the broader San Francisco downtown recovery that is underway.” The partners were planning to transform one of the vacant …

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Highland-Village
Grocery-anchoredInvestment salesMississippiNews

Newmark Arranges Sale of Whole Foods-Anchored Shopping Center in Jackson, Mississippi

by Abby Cox

Jackson, Miss. — Newmark has arranged the sale of Highland Village, a 217,589-square-foot shopping center located at 4500 I-55 N. in Jackson. Mississippi’s only Whole Foods Market anchors the 14.5-acre property, which was originally developed in 1960 and redeveloped in 2017 by the seller, WS Development. Charlotte, North Carolina-based Asana Partners purchased the shopping center for an undisclosed price. Conor Lalor of Newmark represented the seller in the transaction. Highland Village was approximately 90 percent leased at the time of sale to tenants including Free People, Kendra Scott, lululemon and …

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Investment salesMississippiNews

Marcus & Millichap Brokers Sale of 99,097-Square-Foot Shopping Center in Grenada, Mississippi

by Abby Cox

Grenada, Miss. — Marcus & Millichap has brokered the sale of Riverbirch Plaza, a 99,097-square-foot shopping center located at 1201-1231 Sunset Drive in Grenada, which is roughly midway between Jackson, Mississippi, and Memphis, Tennessee, along Interstate 55. Built in 1976, the shopping center is situated on 9.5 acres and was fully leased at the time of sale to 11 tenants, including Harbor Freight, Dollar General and The UPS Store. Mickey Davis, Chris Leppanen and Davis Owen of Marcus & Millichap represented the seller, Action Properties, which has owned Riverbirch Plaza …

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GeorgiaInvestment salesMixed-useNews

Madison Commercial Completes Sale of Chick-fil-A Site Near Oglethorpe Mall in Savannah

by Abby Cox

Savannah, Ga. — Madison Commercial, an affiliate of Madison Capital Group, has completed the sale of a Chick-fil-A outparcel at its mixed-use redevelopment of the former Sears and Sears Auto Center site at Oglethorpe Mall in Savannah. The transaction marks the final piece of the company’s retail component at the mixed-use development. Along with Chick-fil-A, Madison Commercial has leased and sold all three retail outparcels at the property, including Jim ‘N Nick’s Bar-B-Q and Valvoline Instant Oil Change. The outparcels are situated adjacent to Oglethorpe Mall and Madison Oaks, a …

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towne-crossing
Grocery-anchoredInvestment salesNewsTexas

DIG Arranges Sale of 167,957-Square-Foot, Kroger-Anchored Shopping Center in Metro Dallas

by Abby Cox

Mesquite, Texas — Disney Investment Group (DIG) has arranged the sale of Towne Crossing, a 167,957-square-foot shopping center located in Mesquite, roughly 15 miles east of Dallas. Kroger anchors the property, which was 92 percent leased at the time of sale to 30 additional tenants including WSS, Citi Trends, CSL Plasma, Kids Empire, LaundroLab and Hertz, among others. Kroger has operated at Towne Crossing since its opening in the early 1990s, and recently executed an early, long-term lease extension. David Disney and Adam Crockett of DIG represented the seller, Phillips …

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