JLL Arranges $91.3 Million Sale of 122,167-Square-Foot Neighborhood Center in Southern California
JLL Capital Markets arranged the $91.3 million sale of The Beacon, a 122,167‑square‑foot neighborhood center in Carlsbad, California. The 15.2‑acre property, built in 1982 and renovated between 2020‑2023, is anchored by luxury fitness brand Equinox and hosts tenants such as Arhaus, Sweetgreen, and Shake Shack. The seller, Asana Partners, was represented by JLL’s Geoff Tranchina, Gleb Lvovich and Daniel Tyner, while 11North Partners acted as the buyer. The transaction underscores continued investor appetite for well‑located, mixed‑use retail assets in Southern California.
Granite Capital Acquires 97,502-Square-Foot Retail Property in St. Petersburg, Florida, for $7.8 Million
Granite Capital has purchased the 97,502‑square‑foot retail center at 4501 66th Street North in St. Petersburg, Florida, for $7.8 million. The property, recently remodeled, is fully occupied by discount retailer Five Below and home‑goods chain At Home, with Sprouts Farmers Market serving as a shadow...
DLC, DRA Advisors Acquires Shadow Lake Towne Center Near Omaha, Nebraska, for $95 Million
A joint venture between DLC Management Corp. and DRA Advisors has bought the 640,327‑square‑foot Shadow Lake Towne Center in Papillion, Nebraska, for $95 million. The regional shopping center sits on 83.5 acres and was 89 percent occupied at closing, featuring anchors such...
Tanger Acquires The Town Center at Levis Commons in Perrysburg, Ohio, for $60 Million
Tanger, the Greensboro‑based REIT, has purchased The Town Center at Levis Commons in Perrysburg, Ohio, for $60 million. The 300,000‑square‑foot mixed‑use campus includes more than 60 retailers, a Cinemark theater and 69,000 sq ft of office space, and sits at the entrance of...
United Properties Acquires Two Chicagoland Shopping Centers for $22.6 Million
United Properties Corp. purchased two Chicagoland retail assets—Bishop Plaza (76,000 sq ft) for $11.5 million and the Shops at Romeoville (82,687 sq ft) for $11.1 million—totaling roughly 158,700 sq ft of shopping space. The Romeoville center hosts national discount anchors such as T.J. Maxx, Ross Dress for Less, Petco...
Second Horizon Capital Purchases 710,000-Square-Foot Retail Center in Melbourne, Florida
Second Horizon Capital has purchased Melbourne Square, a 710,000‑square‑foot retail center on Florida’s Space Coast, for $56.3 million. The deal was brokered by a joint venture of Neuberger Berman and Cross Ocean Partners. Second Horizon plans a capital‑improvement program covering building...
Bain Capital, 11North Acquire Five Open-Air Retail Centers Across Four States for $300 Million
Bain Capital and 11North Partners have closed on a $300 million purchase of five open‑air retail centers spanning roughly 757,000 square feet across California, Virginia, Florida and Texas. The properties are anchored by high‑traffic tenants such as Harris Teeter, Trader Joe’s, Walmart, Costco...
JLL Negotiates Sale of 353,000-Square-Foot Lifestyle Center in San Antonio
JLL Capital Markets has negotiated the sale of The Legacy, a 353,000‑square‑foot lifestyle center in San Antonio. The property, built in 2006 on 32.2 acres, hosts anchors such as Best Buy, Main Event Entertainment, Spec’s, Paul Mitchell and Buffalo Wild Wings, plus second‑floor office...
Marcus & Millichap Brokers $2.9 Million Sale of Glenwood Retail Center in Raleigh, North Carolina
Marcus & Millichap brokered the sale of the Glenwood Retail Center, a 10,000‑square‑foot property in Raleigh, North Carolina, for $2.9 million. The center, built in 1997, was fully occupied at closing by three tenants—Apotheca, Stylist Studios and Kingdom Life Church International....
Faris Lee Investments Arranges $10.6 Million Sale of Three Convenience Stores
Irvine‑based Faris Lee Investments arranged the sale of three convenience stores for $10.6 million. The deals covered two newly constructed Murphy USA locations in Miami, Florida and Cordele, Georgia, and a brand‑new Circle K in Henderson, Nevada. Private family offices from South...
MMG Plans to Develop 35,810-Square-Foot Retail Center at Kendall Town Center in South Florida
MMG Equity Partners is set to acquire a 5.1‑acre parcel in West Kendall’s Kendall Town Center to develop The Shops at Kendall Town Center, a 35,810‑square‑foot retail complex with an additional 4,321 sq ft of outdoor terrace. The developer has filed plans...
CBRE Signs Leases with Five New Retail Tenants at Center Point Mixed-Use Development in Wilmington, North Carolina
CBRE has finalized leases with five new retail tenants covering more than 13,000 sq ft at Center Point, the mixed‑use development in Wilmington, North Carolina. The tenants—Nest Interiors, Blended Shoes + Apparel, Burton’s Grill & Bar, Thompson’s of Wilmington, and Jeff’s Bagel Run—represent the first retail...
Phillips Edison & Co. Acquires 29,986-Square-Foot Retail Strip Center in Suburban Houston
Phillips Edison & Co. has purchased Firethorne Plaza, a 29,986‑square‑foot retail strip center in Katy, Texas, a western suburb of Houston. The property was fully leased to 14 tenants at the time of sale, including Edward Jones, Pizza Hut, and Evolve Fitness. The...
SRS Brokers $6.6 Million Sale of Two Adjacent Retail Properties in Metro Tampa
SRS Real Estate Partners brokered a $6.6 million ground‑lease sale of two adjacent retail parcels on Florida Highway 54 in Lutz, a Tampa suburb. Dutch Bros and Fifth Third Bank are the anchor tenants, each operating under triple‑net leases with 15 and 20 years remaining....
Wilder Signs Trader Joe’s to Anchor The Crossing at Walkers Brook in Metro Boston
Wilder has secured Trader Joe’s as the anchor tenant for The Crossing at Walkers Brook, a 480,000‑square‑foot retail complex in Reading, Massachusetts, about 20 miles north of Boston. The grocery chain is slated to open its doors in late 2026. The...