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Black Mountain Village
ArizonaDevelopmentGrocery-anchoredNews

Vestar Acquires 20 Acres in Phoenix, Plans 120,000-Square-Foot Grocery-Anchored Center

by Abby Cox

Phoenix — Vestar has acquired 20 acres from the Arizona State Land Department in Phoenix, with plans to build a more than $50 million retail center. Dubbed Black Mountain Village, the new development will feature approximately 120,000 square feet of retail space that will be anchored by a 65,000-square-foot grocery store alongside a mix of restaurants, shops and service-oriented businesses. Black Mountain Village will also incorporate pedestrian-friendly walkways, shaded outdoor gathering areas and extensive landscaping throughout the project. Planning and designs are currently underway and additional project details, including tenant announcements …

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The Shoppes Of Sadsbury
Grocery-anchoredInvestment salesNewsPennsylvaniaPower centers

Soloff Realty Begins Leasing Third Phase of 425,000-Square-Foot Power Center in Pennsylvania

by Abby Cox

Chester County, Pa. — Soloff Realty & Development has begun leasing its third phase of The Shoppes at Sadsbury, a 425,000-square foot power center located in Sadsbury Township within western Chester County. Plans for Phase III, which comprises the property’s town center, features 67,907 square feet of retail, restaurant and service-oriented space. Current tenants at the power center include GIANT Supermarket, Starbucks Coffee, Chipotle Mexican Grill, Wendy’s, Wawa, Chick-fil-A, Verizon, Aspen Dental, Jersey Mike’s Subs, Ross Dress for Less, PetSmart, Old Navy and Burlington. Additionally, a 130,000-square-foot Target is expected …

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Wawa-Greencastle
Investment salesNewsPennsylvania

Marcus & Millichap Negotiates $5.5 Million Sale of Convenience Store in Southern Pennsylvania

by Abby Cox

Greencastle, Pa. — Marcus & Millichap has negotiated the $5.5 million sale of a newly developed convenience store and gas station in Greencastle, located near the Pennsylvania-Maryland border. Situated at 785 Buchanan Trail East, the 6,046-square-foot property is occupied by Wawa. The property features 16 gas pumps and ample parking. Scott Woodard, Derrick Dougherty and Jacob Haslach of Marcus & Millichap marketed the property on behalf of the seller, a private investor based in Cherry Hill, New Jersey. Craig Dunkle of Horvath & Tremblay procured the Pennsylvania-based buyer.

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Investment salesNewsPennsylvania

Cooper Commercial Brokers $1.2 Million Sale of Dollar Tree-Anchored Center in Metro Pittsburgh

by Abby Cox

Allison Park, Pa. — Cooper Commercial Investment Group has brokered the $1.2 million sale of a two-tenant retail center located in Allison Park, approximately 10 miles north of downtown Pittsburgh. Dollar Tree and The Laundry Bin anchor the property, which totals 13,971 square feet. Bob Havasi and Dan Cooper of the Cooper Commercial Investment Group represented the seller, a Florida-based investment group. The buyer was a New York-based investor.

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ovation-orlando
DevelopmentFloridaMixed-useNews

RSP Unveils Designs for $2 Billion Mixed-Use Destination Near Walt Disney World

by Abby Cox

Kissimmee, Fla. — RSP Architects has unveiled designs for Ovation Orlando, a $2 billion mixed-use destination located in Kissimmee, less than a mile from Walt Disney World. The 650,000-square-foot project is being developed by Accesso on the former site of the Orlando Sun Resort. RSP’s master plan centers on an “enriched pedestrian journey” instead of a conventional shopping center situated primarily around storefronts. The 77-acre property will be organized into three districts: Garden, Gallery and Vibe. The Garden will be a lush, lower-scale waterfront environment with tropical landscaping, outdoor dining and …

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Mid City Market
DevelopmentInvestment salesKentuckyMixed-useNews

Cushman & Wakefield | Commercial Kentucky Completes Sale of Mid-City Mall, Buyer Plans $60 Million Mixed-Use Redevelopment

by Abby Cox

Louisville, Ky. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Mid-City Mall, a 185,000-square-foot former shopping center in Louisville. The existing structure is scheduled for demolition in January 2027 to make way for a $60 million mixed-use project. Dubbed Mid City Market, the new development will be anchored by a Publix grocery store, alongside five retail buildings, expanded green space, pedestrian walkways and reduced parking. The existing front-entrance tenants, Raising Cane’s and Heine Brothers Coffee, are expected to remain at the property, while the local library branch …

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7-Eleven-rep-photo
FloridaInvestment salesNews

SRS Real Estate Arranges $22.9 Million Sale of Two Convenience Stores in Central Florida

by Abby Cox

Clermont and Winter Haven, Fla. — SRS Real Estate Partners has arranged the $22.9 million sale of two Central Florida 7-Eleven convenience store properties in separate transactions. Both newly constructed properties operate on corporate-guaranteed absolute triple-net leases with scheduled rent increases every five years. The properties include: Patrick Nutt and William Wamble of SRS represented the seller of both properties, a Central Florida-based developer. The assets were sold to different private investors.  

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Naples-CVS
FloridaInvestment salesNews

Marcus & Millichap Negotiates $5 Million Sale of Single-Tenant Retail Property in Naples, Florida

by Abby Cox

Naples, Fla. — Marcus & Millichap has negotiated the $5 million sale of a single-tenant retail property located in Naples. Situated at 2515 Shadowlawn Drive, the 13,013-square-foot building, which was built in 2004, is occupied by CVS Pharmacy. Eddie Toledo and Jonathan De La Rosa of Marcus & Millichap procured the buyer.

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Arena-Shops
FloridaInvestment salesNews

JLL Arranges $32.5 Million Sale of Arena Shops in North Miami, Florida

by Abby Cox

North Miami, Fla. — JLL Capital Markets has arranged the $32.5 million sale of Arena Shops, a 37,135-square-foot retail center located in North Miami. The fully leased property is anchored by Total Wine & More and features a mix of additional tenants such as Chipotle Mexican Grill, T-Mobile and Tatore Miami. Arena Shops is situated adjacent to the $4 billion SoLē Mia mixed-use development. Danny Finkle, Jorge Portela and Jacob Wise of JLL represented the seller, Edens Investment Trust, in the transaction. RK Centers, led by Miami Heat co-owner Raana Katz, …

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1325 W. 49th St-Hialeah
FloridaInvestment salesNews

Marcus & Millichap Brokers $6.3 Million Sale of Retail Property in South Florida

by Abby Cox

Hialeah, Fla. — Marcus & Millichap has brokered the $6.3 million sale of 1325 West 49th St., a 13,026-square-foot retail property located in the Miami suburb of Hialeah. Built in 1968, the property includes three retail suites and is fully leased to FirstBank Florida, Papa John’s Pizza and Stanton Optical. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap listed the property on behalf of the seller and procured the buyer in the transaction.

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