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Parkway-Plaza_california
CaliforniaGrocery-anchoredInvestment salesNews

JLL Arranges $31.5 Million Sale of Grocery-Anchored Retail Center in Metro San Diego

by Abby Cox

El Cajon, Calif. — JLL Capital Markets has arranged the $31.5 million sale of The Shops at Parkway Plaza, a 122,484-square-foot retail center located in El Cajon, approximately 15 miles east of downtown San Diego. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the private seller in the transaction. The buyer was a family office based in Texas. Situated adjacent to Parkway Plaza Mall, a 1.4 million-square-foot super-regional mall, The Shops at Parkway Plaza features a mix of tenants including Aldi, Best Buy, HomeGoods, Texas Roadhouse and Applebee’s.

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DevelopmentGrocery-anchoredInvestment salesMarylandMixed-useNews

SJC Ventures Acquires Former Macy’s Property in Metro Baltimore, Plans Mixed-Use Redevelopment

by Abby Cox

Bel Air, Md. — SJC Ventures has acquired the former Macy’s store at the Harford Mall site in Bel Air, roughly 30 miles northeast of Baltimore, with plans for a redevelopment. The Atlanta-based development firm will begin clearing land and preparing infrastructure at the site in early July. Dubbed Derby Place, the mixed-use project will span 94,600 square feet and will include a 35,000-square-foot grocer, complemented by 48,000 square feet of luxury boutiques, restaurants, shops and amenities. Construction is scheduled to start this summer, while first tenant openings are projected for spring …

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Avalon-Crossing
IndianaInvestment salesNews

Colliers Negotiates Sale of 82,847-Square-Foot Avalon Crossing Shopping Center in Indianapolis

by Abby Cox

Indianapolis — Colliers has negotiated the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.

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2975-W-Dove-Valley-Rd-Phoenix-AZ
ArizonaInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Single Tenant Retail Property in Phoenix

by Abby Cox

Phoenix — Marcus & Millichap has arranged the $4.4 million purchase of a single tenant retail property located at 2975 W. Dove Valley Road in Phoenix. Chipotle occupies the 2,458-square-foot restaurant building, which was built in 2025. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the buyer, an Arizona-based limited liability company, in the off-market transaction.

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perfumania
LeasingNew YorkNewsRetailers

Perfumania and The Fragrance Outlet to Open 43 New Stores Nationwide

by Abby Cox

New York City — RCS Real Estate Advisors has counseled fragrance retailers Perfumania and The Fragrance Outlet on the signing of 43 new stores across prominent malls and outlet centers throughout the U.S. These transactions build on the opening of 31 stores in 2025. The new locations are expected to open throughout 2026 and 2027. The new leases span a mix of regional malls and outlet centers, while also supporting the brands’ entry into outdoor lifestyle, shopping and power centers across markets including Florida, New York, Arizona, Texas and Tennessee. Today, …

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Barcroft-Plaza
FinanceGrocery-anchoredInvestment salesNewsVirginia

JLL Arranges $58 Million Sale, Acquisition Financing for Harris Teeter-Anchored Shopping Center Near Washington, D.C.

by Abby Cox

Falls Church, Va. — JLL Capital Markets has arranged the $58 million sale of Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller, Federal Realty Investment Trust, in the transaction. Chris Knight and Evan Parker, also of JLL, secured the five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include …

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Lima_Center
Investment salesNews

Eastern Union Arranges $12.9 Million in Refinancing for 174,078-Square-Foot Shopping Center in Northwestern Ohio

by Abby Cox

Lima, Ohio — Eastern Union has arranged $12.9 million in refinancing for the acquisition of Lima Center, a 174,078-square-foot shopping center located in Lima. Jack Beida, Michael Muller and Mike Orlik of Eastern Union secured a seven-year, fixed-rate loan through an undisclosed lender on behalf of the buyer, an entity doing business as Lima Tov LLC. The purchase price was $19.5 million. Lima Center houses 10 retail tenants and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot T.J. Maxx. Other retailers at the property, which was fully leased at …

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Newport-Pavilion
Grocery-anchoredInvestment salesKentuckyNews

Newmark Brokers Sale of 332,309-Square-Foot Shopping Center in Newport, Kentucky

by Abby Cox

Newport, Ky. — Newmark has brokered the sale of Newport Pavilion, a 332,309-square-foot power center in Newport, which is situated across the Ohio River from downtown Cincinnati. Newport Pavilion is co-anchored by Kroger and Target and was fully leased at the time of sale to tenants including Dick’s Sporting Goods, T.J. Maxx, Michael’s, Ulta Beauty, Chipotle Mexican Grill and PetSmart. The property sits on 55 acres and benefits from a long-term PILOT agreement through 2037. Conor Lalor, Kyle Minter, Keely Polczynski, James Sharp V and Brian Schneiderman of Newmark represented …

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7-Eleven_Clovis
CaliforniaInvestment salesNews

Hanley Investment Group Negotiates $5 Million Sale of Single-Tenant Retail Property Near Fresno, California

by Abby Cox

Clovis, Calif. — Hanley Investment Group Real Estate Advisors has negotiated the $5 million sale of a 2,047-square-foot, single-tenant retail property located in Clovis, roughly eight miles west of Fresno. A 7-Eleven convenience store and fuel station occupies the property, which was originally built in 1991 and renovated in 2019. Jacob Fahner and Jeremy McChesney represented the seller, a Los Angeles–based private investor, in the transaction. Jeffrey Leggio of ASU Commercial represented the buyer, a Bakersfield, California-based 1031 exchange investor.

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The-Purple-Chandelier
Investment salesNevadaNews

Marcus & Millichap Negotiates Sale of Two-Tenant Retail Property in Las Vegas

by Abby Cox

Las Vegas — Marcus & Millichap has brokered the sale of a 35,998-square-foot, two-tenant retail property located in Las Vegas. Built in 1977, the former OfficeMax building is now occupied by luxury consignment store The Purple Chandelier and Bodega Furniture. Candace Bare of Marcus & Millichap represented the buyer, Merra Cordier, a local entrepreneur and owner of The Purple Chandelier. Merra Cordier purchased the property from an ownership group that included former Nevada Lt. Gov. Lorraine Hunt Bono. 

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