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Western-Centers-Portfolio-CO
ColoradoInvestment salesNews

Western Centers Sells Three-Property Retail Portfolio in Metro Denver for $30.3 Million

by Abby Cox

Parker, Aurora And Littleton, Colo. — Western Centers Inc. has sold a three-property retail portfolio in metro Denver to CentrePoint Properties for $30.3 million. The portfolio includes the 56,000-square-foot Cottonwood Square in Parker, the 26,000-square-foot Bristol Pointe in Aurora and the 28,000-square-foot Foothill Green in Littleton. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller in the transaction. Craig Branton and Mickey Moran of Greystone, in partnership with Cushman & Wakefield’s Denver-based debt team, arranged acquisition financing for all three properties.

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Shops-at-Hampton-Oaks
GeorgiaInvestment salesNews

Marcus & Millichap Brokers $2.9 Million Sale of Neighborhood Center in Metro Atlanta

by Abby Cox

Fairburn, Ga. — Marcus & Millichap has brokered the $2.9 million sale of the Shops at Hampton Oaks, a 20,295-square-foot neighborhood center located in Fairburn, about 20 miles southwest of Atlanta. Zach Taylor and Eric Abbot of Marcus & Millichap’s Atlanta office represented the seller, a partnership controlled by Jacksonville-based Regency Centers, in the transaction. Built in 2008, the Shops at Hampton Oaks features eight retail suites and was 93 percent occupied at the time of sale to a mix of fitness, experiential and service-oriented tenants. Surrounded by the Hampton …

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DevelopmentGrocery-anchoredMarylandMixed-useNews

SJC Ventures to Begin Construction on Former Macy’s Store at Hartford Mall Site in Bel Air, Maryland

by Abby Cox

Bel Air, Md. — SJC Ventures will begin the demolition process on the former Macy’s store at the Hartford Mall site in Bel Air, roughly 30 miles northeast of Baltimore. Interior demolition will kick off on July 22. The property is being transformed into a new, 95,000-square-foot mixed-use development called Derby Place that will be anchored by a 35,000-square-foot Whole Foods Market. Other signed leases include Shake Shack and VEG ER for Pets. The community will also feature parks, pedestrian walkways and a 249-unit apartment complex. Construction on the multifamily component …

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Frederick-Brickworks
DevelopmentMarylandMixed-useNews

Greenberg Gibbons Breaks Ground on $450 Million Mixed-Use Project in Frederick, Maryland

by Abby Cox

Frederick, Md. — Greenberg Gibbons has broken ground on Frederick Brickworks, a new mixed-use project located in Frederick, roughly 50 miles northwest of Baltimore. Upon completion, the development will span 65 acres. Project costs are expected to total $450 million.  According to the City of Frederick, the project proposal calls for 1,260 residential units and 130,000 square feet of commercial space. The planning commission approved the master plan in October 2023, and Greenberg Gibbons closed on the land acquisition last month. The site formerly housed the historic Frederick Brick Works …

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Lakeland Town Center
Grocery-anchoredInvestment salesNewsWashington

Intercontinental Real Estate Acquires Lakeland Town Center in Metro Seattle for $69.5 Million

by Abby Cox

Auburn, Wash. — Intercontinental Real Estate Corp. has acquired Lakeland Town Center, a 125,233-square-foot, grocery-anchored retail center located in Auburn, approximately 20 miles south of Seattle. Built in 2002, Lakeland Town Center is situated on 12.6 acres within the Lakeland Hills master-planned community. The property, which was fully leased at the time of sale, is home to a mix of tenants including Haggen Northwest Fresh, Subway, HopsnDrops, Rock Wood Fired Pizza, Puerto Vallarta Mexican, Sushi Konami, Ichi Teriyaki, Legendary Doughnuts, Nekter Juice Bar, Menchie’s Frozen Yogurt, Pacific Cataract and Laser Institute, …

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the-plaza-at-cape-may-court
FinanceGrocery-anchoredNew JerseyNews

Cronheim Arranges $21 Million in Financing for Grocery-Anchored Shopping Center Near Cape May, New Jersey

by Abby Cox

Cape May Court House, N.J. — Cronheim Mortgage has arranged $21 million in financing for the acquisition of The Plaza at Cape May Court House, a 163,629-square-foot shopping center located within Middle Township in Cape May County. Acme, which has operated at the property for 29 years, anchors the center. Built in 1971 and renovated in 2022, The Plaza at Cape May Court House is leased to 16 additional tenants including Starbucks Coffee, Staples, CVS/pharmacy, Jersey Mike’s Subs, Chase Bank and True Value Hardware. Brandon Szwalbenest, Dev Morris and Andrew …

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Atlantic Plaza Shopping Center
FinanceNew YorkNews

Northmarq Arranges $15Million in Financing for Atlantic Plaza Shopping Center in Queens

by Abby Cox

New York City — Northmarq has arranged $15 million to refinance Atlantic Plaza Shopping Center, a 34,949-square-foot, multi-tenant retail center located in Queens. Robert Delitsky and Keith Braddish of Northmarq secured the loan through an undisclosed commercial bank on behalf of the borrower, Schuckman Realty. Built in 1984, Atlantic Plaza Shopping Center is leased to a mix of daily-needs tenants including Bravo Supermarkets, Lenox Hill Radiology, Four Leaf Federal Credit Union and Dunkin’.

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Roanoke-Shopping-Center
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 11,320-Square-Foot Multi-Tenant Retail Property in Metro Dallas

by Abby Cox

Roanoke, Texas — Marcus & Millichap has brokered the sale of Roanoke Shopping Center, an 11,320-square-foot multi-tenant retail property located in Roanoke, approximately 30 miles northwest of Dallas. Built in 2009, the center is fully leased to Oak and Main, Inzo Italian Kitchen and Baja Cantina under triple-net leases. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both private investors. The terms of the transaction were not disclosed.

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Dollar-General_PA
Investment salesNewsOhioPennsylvania

CBRE Arranges $22.7 Million Sale of 18-Property Dollar General Portfolio in Pennsylvania, Ohio

by Abby Cox

Pa. and Ohio — CBRE has arranged the $22.7 million sale of an 18-property, net-leased retail portfolio in Pennsylvania and Ohio. Totaling 174,078 square feet, the portfolio was fully occupied by Dollar General at the time of sale. Michael Shover, Matthew Gorman, Thomas Finnegan, Robert Thompson and Nick Holtz of CBRE represented the seller, Miller Bros. Construction, and the buyer, Realty Income, in the transaction. The Pennsylvania-based properties were located in the cities of Tioga, Bangor, Fawn Grove, Jersey Shore, Bellefonte, Berrysburg, Greencastle, Schellsburg, Oxford, Milan, Hazle Township, Newburg, Burlington and Beaver Meadows. The Ohio-based properties …

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119-S-Los-Robles-Ave-Pasadena-CA
Investment salesMixed-useNews

Marcus & Millichap Brokers $22 Million Sale of Mixed-Use Property in Pasadena, California

by Abby Cox

Pasadena, Calif. — Marcus & Millichap has brokered the $22 million sale of 119 S. Los Robles Ave., a mixed-use building in Pasadena. A company doing business as MLT VII LLC sold the property to an undisclosed funding investment corporation. Built in 2015, the five-story property features 50 condominiums and 3,700 square feet of retail space. All units offer central air conditioning and heating, washer and dryer connections and stained concrete flooring. The controlled-access property features gated parking and an enclosed mail room. Tony Azzi and Rabbie Banafsheha of the Azzi …

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