Friday, June 5, 2026
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Shoppes at Bellemead Shreveport
LouisianaRetailSoutheast

Venture Commercial Brokers Sale of Shopping Center in Shreveport

by John Nelson

SHREVEPORT, LA. — Dallas-based Venture Commercial Real Estate has brokered the sale of Shoppes at Bellemead, an upscale, 79,328-square-foot shopping center located at the northeast quadrant of Youree Drive and East 70th Street in Shreveport. The property’s tenant roster includes Talbots, Chico’s, Ann Taylor Loft, White House Black Market, J. Jill, Soma and Charming Charlie. Jonathan Cooper, Christopher Gibbons, Don Miller, John Zikos and Cheryl Hill of Venture Commercial, along with Shreveport-based Vintage Realty Co., brokered the transaction. An undisclosed buyer purchased Shoppes at Bellemead from WFB/Shoppes at Bellemead LLC, a partnership involving Vintage Realty Co., for an undisclosed price.

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Peachtree Parkway Plaza Norcross
GeorgiaRetailSoutheast

Sterling Organization Purchases Shopping Center in Metro Atlanta for $12.3M

by John Nelson

NORCROSS, GA. — Sterling Organization has purchased Peachtree Parkway Plaza, a 95,509-square-foot shopping center located in Norcross, a northeast suburb of Atlanta in Gwinnett County. Sterling purchased the asset from DLC Management Corp. via the firm’s institutional fund Sterling Value Add Partners II LP for $12.3 million. Located at the intersection of Peachtree Parkway and Spalding Drive, the shopping center was 83 percent leased at the time of sale to tenants such as Goodwill, Dollar General and Youfit Health Clubs. Peachtree Parkway Plaza was originally developed in 1986. A new Taco Bell restaurant was recently built at the property, and other national businesses at the property include Blimpie Subs & Salads, Wendy’s and Arby’s.

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Clarion Hotel Lexington Conference Center
HospitalityKentuckySoutheast

Huff, Niehaus Arranges $5.9M Sale of Hotel in Lexington

by John Nelson

LEXINGTON, KY. — Huff, Niehaus & Associates Inc. has arranged the $5.9 million sale of the Clarion Hotel Lexington Conference Center in Lexington. The seller, Dogwood Hotels LLC, recently invested $1.2 million to renovate the 149-room hotel. The property sits on a 5.9-acre site off an I-75 exit. Lexington Hospitality Group LLC purchased the hotel from Dogwood and plans to add a restaurant. Brandt Niehaus, president of Huff, Niehaus and a member of Hotel Brokers International, represented the seller in the transaction.

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Polo Shops 7444 Winchester Road Memphis
RetailSoutheastTennessee

Baceline Investments Purchases Polo Shops in Memphis for $3.8M

by John Nelson

MEMPHIS, TENN. — Baceline Investments LLC has purchased Polo Shops, two neighborhood retail centers spanning 28,860 square feet, for $3.8 million. The property is located along a major retail corridor at 7444 Winchester Road in Memphis. An entity known as TOP11 – 7444 Winchester RD LLC purchased the property at foreclosure in February 2014 for $3.1 million, according to the Memphis Daily News.

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CaliforniaLoansMultifamilySeniors HousingWestern

Grandbridge Arranges $42.3M Refinancing for Assisted Living Community Near San Francisco

by Nellie Day

CORTE MADERA, Calif. — The Atlanta-based Seniors Housing and Healthcare Finance Team of Grandbridge Real Estate Capital has arranged a $42.3 million refinancing for Aegis of Corte Madera, a 118-unit assisted living and memory care near San Francisco. A life insurance company provided funding for the loan. Grandbridge’s Richard Thomas, senior vice president, and Meredith Davis, vice president, originated the transaction. Grandbridge Real Estate Capital arranges permanent commercial and multifamily real estate loans, services loan portfolios and provides asset and portfolio management, as well as real estate brokerage services.

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ArizonaIndustrialWestern

Cohen Asset Management Buys Chandler Manufacturing Facility for $9.4M

by Nellie Day

CHANDLER, ARIZ. — Cohen Asset Management has purchased a 104,352-square-foot manufacturing and distribution building in Chandler for $9.4 million. The building is located at 464 E. Chilton Drive. It was built in 2000. The space is fully leased to Phoenix Packaging LLC. JLL’s Steve Larsen and Bill Honsaker represented both the buyer and seller, GP Investments LLC, in this transaction.

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CaliforniaIndustrialWestern

Westcore Buys Industrial Building in Scripps Ranch for $7.3M

by Nellie Day

SAN DIEGO — Westcore Properties has purchased a 67,681-square-foot industrial building in the San Diego submarket of Scripps Ranch for $7.3 million. The building is located at 10050 Scripps Ranch Court. The seller, window manufacturer Skagfield, is leasing the property through January 2016. The building will undergo a major rebranding early next year. Todd Murphy of Cushman & Wakefield represented Westcore. Bob Mooney of Colliers International represented Skagfield.

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ArizonaOfficeWestern

Progress Residential Leases Space at Riverwalk Arizona in Scottsdale

by Nellie Day

SCOTTSDALE, ARIZ. — Progress Residential has leased 34,558 square feet of office space at Riverwalk Arizona in Scottsdale. The space is located at 7580 N. Dobson Road. Riverwalk Arizona will eventually include about 1.5 million square feet of corporate office and retail space. Progress Residential is one of the largest providers of single-family rental homes in the United States. Matthew Coxhead of Savills Studley represented Progress in the lease. Kurt W. Rosene of Novo Development represented the landlord, the Alter Group.

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Shake-Shack-Crescent
RestaurantRetailTexas

Shake Shack to Open First Dallas Location in 2016

by Haisten Willis

DALLAS —Shake Shack will open its first location in Dallas at the 11-acre office and retail complex The Crescent in 2016. Shake Shack at The Crescent will be located near a corner park. The Dallas location will also be situated near downtown Dallas, Klyde Warren Park and the Dallas Arts District. The Crescent has earned LEED Silver certification from the U.S. Green Building Council. The Dallas Shake Shack menu will include a selection of local beer and wine, along with and three localized frozen custard flavors starring local bakeries and food purveyors.

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