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GeorgiaInvestment salesNews

Marcus & Millichap Brokers $4.1 Million Sale of Two-Tenant Retail Property in Metro Atlanta

by Abby Cox

Covington, Ga. — Marcus & Millichap has brokered the $4.1 million sale of a newly constructed, two-tenant retail center located in Covington, about 36 miles east of Atlanta. Zach Taylor, Don McMinn and Eric Abbott of Marcus & Millichap represented the seller, WDG Real Estate Partners. Brian Munn, also of Marcus & Millichap, procured the buyer, a private Atlanta-based investor. Built in 2024, the 7,500-square-foot center is home to Peachtree Immediate Care and Mattress Warehouse. Both tenants occupy the property under corporate-guaranteed triple-net leases.

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Grocery-anchoredInvestment salesNewsSouth Carolina

Legacy Realty Group Arranges Sale of 86,650-Square-Foot Grocery-Anchored Shopping Center Near Columbia, South Carolina

by Abby Cox

Orangeburg, S.C. — Legacy Realty Group Advisors has arranged the sale of an 86,650-square-foot shopping center located in Orangeburg, approximately 40 miles northwest of Columbia. Piggly Wiggly anchors the center, which features a mix of additional tenants such as Advance Auto Parts and Dollar General. Jacob Baruch of Legacy Realty Group Advisors represented the buyer in the transaction. The seller was a local private family.

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ArizonaDevelopmentNews

Aardex Completes Renovation of Historic Adaptive Reuse Development in Phoenix 

by Abby Cox

Phoenix — Denver-based development firm Aardex has completed the renovation of One West Madison, a historic adaptive reuse project located in downtown Phoenix. The 27,000-square-foot building has been transformed into move-in ready retail space. Constructed more than a century ago, One West Madison was acquired by Aardex in 2022. The development includes approximately 13,500 square feet of ground floor retail space, along with an activated basement level. The basement level will introduce The Vault on Madison, a climate-controlled self-storage concept, which is anticipated to open May 1. Additional basement space remains …

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ArizonaDevelopmentNews

Smalls Sliders Signs 15-Unit Franchise Agreement in Phoenix

by Abby Cox

Phoenix — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement to develop 15 new units — dubbed Cans — in Phoenix. Entrepreneurs Talha and Rehman Ahmed, alongside their three business partners, will own and operate the restaurants. The group now maintains a portfolio of 20 Cans, with the first of their locations expected to open in Tucson, Arizona, later this year. In addition to development agreements in Arizona, the group is also debuting Cans in Las Vegas; El Paso, Texas; and Midland/Odessa, Texas.  Founded in 2019, Smalls Sliders currently …

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DevelopmentGeorgiaMixed-useNews

Connolly Completes $70 Million Parkside on Dresden Mixed-Use Community in Metro Atlanta

by Abby Cox

Brookhaven, Ga. — Connolly, an Atlanta-based real estate developer and investor, has completed Parkside on Dresden, a $70 million mixed-use community located in Brookhaven, a northeast suburb of Atlanta. Situated on a 4-acre site, Parkside on Dresden includes 176 luxury apartments, seven townhomes, a six-level parking deck and 28,000 square feet of ground-level retail that is fully leased. Tenants include F45 Training Brookhaven, Balanced Aesthetics Medspa, Brookhaven Dance, Café Vendôme, CleanJuice Brookhaven, Confab Kitchen and Bar, El Valle, Greene’s Fine Foods, Honeysuckle Gelato, MIRAE, Stretch Lab and Sugarcoat Beauty. One 3,751-square-foot …

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Investment salesNevadaNews

Lucescu Realty Negotiates $38.6 Million Sale of Peccole Plaza Shopping Center in Las Vegas

by Abby Cox

Las Vegas — Lucescu Realty has arranged the sale of Peccole Plaza, a 161,978-square-foot shopping center located in Las Vegas. Peccole Enterprises sold the property to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza is fully leased to a variety of tenants including Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty represented the seller and procured the buyer in the transaction.

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CaliforniaInvestment salesNews

Progressive Real Estate Brokers $13.5 Million Sale of Multi-Tenant Retail Center in Metro Los Angeles

by Abby Cox

Walnut, Calif. — Progressive Real Estate Partners has negotiated the $13.5 million sale of The Shops at Walnut Hills Plaza, a 37,173-square-foot shopping center located at 18718-18766 Amar Road in Walnut, roughly 23 miles east of downtown Los Angeles. Portola Real Estate Partners acquired the property from a Los Angeles-based private. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the transaction. Built in 1983, The Shops at Walnut Plaza is fully leased and features 19 tenants including O’Reilly Auto Parts, Little Elephants Kids Place, …

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LeasingMixed-useNewsTexas

Wilks Development Signs Leases with Three New Tenants at Firefly Park in Frisco, Texas

by Abby Cox

Frisco, Texas — Wilks Development has signed leases with three new tenants at Firefly Park, a 217-acre mixed-use project under construction in Frisco, roughly 28 miles north of Dallas. Frenchie, Woodhouse Spa and Second Rodeo will join sportswear retailer TYLER’S at the Shops at Firefly Park. With the latest deals, phase one retail is now 41 percent leased, totaling nearly 46,000 square feet.  All four tenants are expected to open in fall 2027 alongside Firefly Park’s initial phase, which will include retail, residential, office and hotel space. Upon full buildout, …

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FloridaInvestment salesNews

MHCommercial Real Estate Fund Acquires Shoppes at Victoria Square on Florida’s Space Coast for $16 Million

by Abby Cox

Merritt Island, Fla. — A TIC including MHCommercial Real Estate Fund II, a private equity fund launched by South Florida-based commercial real estate services firm NAI Merin Hunter Codman, has acquired the Shoppes at Victoria Square, for $16 million. Situated approximately 50 miles east of Orlando near the Kennedy Space Center, the Shoppes at Victoria Square totals 109,000 square feet and is anchored by Burlington, Five Below and Ulta Beauty. The property was 98 percent leased at the time of sale. John K. Crotty, Michael T. Fay, David Duckworth, Brian C. De …

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FloridaInvestment salesMixed-useNews

Concord Wilshire Acquires 43-Acre Mixed-Use Development Site in Royal Palm Beach, Florida for $60 Million

by Abby Cox

Royal Palm Beach, Fla. — Concord Wilshire Capital has acquired a 43-acre mixed-use development site in Royal Palm Beach for $60 million, with plans to move forward with a previously planned project, dubbed Main Street at Tuttle Royale. The site was originally approved for multifamily, retail, office and hospitality uses before the previous owner filed for Chapter 11 reorganization, according to the South Florida Business Journal. Concord Wilshire Capital will rebrand and develop the property to serve as a central hub for residential living, retail activity and community engagement. Located at …

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