MOUNT PLEASANT, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged $19.6 million in financing for a 9,557-square-foot travel center in Mount Pleasant, located in northeast Texas. The name and address of the property, which features a fuel station, restaurant and laundry facilities, were not disclosed. Ron Balys of MMCC arranged the five-year loan, which carries a 6.75 percent interest rate, through an undisclosed national bank. The borrower was also not disclosed.
MILFORD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated the $8 million sale of Milford Square, a 50,326-square-foot shopping center located about 40 miles southwest of Boston. The neighborhood center is home to a mix of service-oriented and necessity-based tenants, including the Massachusetts Registry of Motor Vehicles. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP represented the undisclosed seller in the transaction. The buyer was also not disclosed.
NEW YORK CITY — Stout NYC will open a 13,900-square-foot restaurant in Manhattan’s NoMad district. Dos Caminos formerly occupied the multi-level space at 373 Park Avenue S. Henry Rossignol of CBRE represented the tenant in the lease negotiations. Ariel Schuster, Michael Paster and Jenna Kestan of Newmark, along with internal agents Steven Marvin and Jonathan Bock, represented the landlord, a joint venture between Olmstead Properties and Vertex Properties.
OVERLAND PARK, KAN. — Anthropologie will join Bluhawk, a 277-acre mixed-use destination in Overland Park, in summer 2027. The store marks the retailer’s third Kansas City-area location to date. Home to AdventHealth Sports Park, Bluhawk brings together retail, dining, hospitality, entertainment and youth sports in a walkable setting. Previously announced tenants at the project include L.L.Bean, Barnes & Noble, J.Crew Factory and the newly opened Buckle.
BUFFALO GROVE, ILL. — The Boulder Group has arranged the $2.8 million sale of a single-tenant retail property net leased to Huntington Bank at 401 Deerfield Parkway in Buffalo Grove. The tenant occupies a 2.5-acre parcel that includes five drive-thru lanes. The 4,680-square-foot building was constructed in 1995. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a Midwest-based real estate fund, and the buyer, a West Coast-based individual investor. Huntington Bank’s lease expires on July 31, 2031. The lease includes two five-year renewal options.
ROANOKE, TEXAS — Marcus & Millichap has brokered the sale of an 11,320-square-foot retail strip center in Roanoke, located in North Texas’ Denton County. Roanoke Shopping Center was fully leased at the time of sale to Oak and Main Craft Food + Spirits, Inzo Italian Kitchen and Baja Cantina. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW SMYRNA BEACH, FLA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding restaurant in New Smyrna Beach, about 14 miles south of Daytona Beach. Built in 2022, the building is occupied by Wendy’s, which has 16 years left on a triple-net lease that features 7.5 percent rental increases every five years in the initial term. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the transaction. The buyer and seller requested anonymity. The sales price was also not released. “We were able to generate multiple offers and ultimately close with an out-of-state, all-cash buyer in under 30 days,” says McMinn. “The combination of a 16-year corporate triple-net lease, scheduled rent increases and a strong Daytona Beach-area location created significant investor demand for the property.”
WARWICK, R.I. — Regional brokerage firm Atlantic Capital Partners has negotiated the $20.5 million sale of Midland Commons, a 160,448-square-foot shopping center located just south of Providence in Warwick. Tenants at the 23.2-acre center include Dick’s Sporting Goods, Burlington and Planet Fitness. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin, Stephen Joseph, Stephen Hassenflu and Matt Ericson of Atlantic Capital Partners represented the seller and the buyer in the transaction. Both parties requested anonymity.
KANSAS CITY, MO. — Commerce Bank of Kansas City and FNBO have opened at The Shops on Blue Parkway in Kansas City. Community Builders of Kansas City (CBKC) developed the 25-acre, 150,000-square-foot property, which is now 98 percent leased. Commerce Bank opened a nearly 4,000-square-foot, full-service branch featuring personal and commercial banking, in-person teller services, private banking offices and a drive-up ATM. FNBO opened a 1,650-square-foot, full-service banking center focused on relationship banking. The branch offers personal and business checking and savings accounts, mortgages, consumer and small business loans, investment and wealth management referrals, financial education, digital banking support and teller services. Additionally, the Kansas City Election Board (KCEB) extended its lease at the property. The organization opened its 20,000-square-foot headquarters space in September 2023. The new lease runs through 2037. KCEB offers in-person absentee voting, voter registration, poll worker training and election operations. These groups join 19 other tenants at The Shops, including KC Sun Fresh, Hibbett, T-Mobile and Wingstop. The center opened in 2005. The Shops are situated on a campus of CBKC properties, including a 69,200-square-foot office building that opened in 2001 and is fully leased as well as The Rochester, a 64-unit multifamily development that opened …
NEW YORK CITY — Cushman & Wakefield has arranged the $450 million sale of a four-property commercial portfolio located throughout the greater New York City area. The portfolio comprises existing multifamily, retail, healthcare and industrial buildings spanning roughly 4 million square feet, as well as multiple development sites totaling roughly 300 acres, in the following markets: East Fishkill, N.Y., Edgewater, N.J., Norwalk, Conn. and Yonkers, N.Y. Specifically, the portfolio includes iPark 84, a 270-acre, 1.8 million-square-foot industrial campus in East Fishkill that was originally built to be IBM’s flagship semiconductor manufacturing plant and can support another 1.5 million square feet of new development. Other properties within the portfolio include Edgewater Harbor, a 262-unit waterfront apartment complex with 60,000 square feet of retail space; a 400,000-square-foot mixed-use development in Norwalk that is anchored by a Northwell Health medical outpatient facility; and Trilogy Lofts, a newly constructed, 97-unit apartment building in Yonkers. Andy Merin, Frank DiTommaso and Ryan Dowd of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was a partnership between New York-based Saber-Hightower, Waterfall Asset Management and Dallas-based Lincoln Property Co. John Alascio, Alex Hernanez, Brad Domenico, Chuck Kohaut and Mitch Rothstein, also with Cushman …
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