RICHARDSON, TEXAS — Marcus & Millichap has brokered the sale of a 51,542-square-foot retail property in the northeastern Dallas suburb of Richardson. Known as Baybury Square Shopping Center, the 11-acre property consists of two multi-tenant centers and two freestanding buildings that were built in 1966. Baybury Square Shopping Center was 64 percent leased at the time of sale. Philip Levy and Scott Abeel of Marcus & Millichap represented the seller, an out-of-state investor, in the transaction, and procured the buyer, a local developer. Both parties requested anonymity.
GRANBURY, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of a Fountain Oaks Shopping Center, a 16,599-square-foot retail property in Granbury, about 40 miles southwest of Fort Worth. Built in 2013, the center was 96 percent leased at the time of sale to tenants such as Village Nail Spa, Rotech Healthcare, Profile Medical, Lift Rock, Farmers Insurance and Affordable Dentist Near Me. STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were not disclosed.
ST. LOUIS — CBL Properties (NYSE: CBL) has received a $135 million refinancing of its mortgage loan for West County Center, a regional mall located in St. Louis. The new loan, which replaces an existing $136.4 million loan that was scheduled to mature in December, carries a five-year term with a fixed interest rate of 7.4 percent. After repayment of the maturing loan and the release of existing escrow balances, CBL received roughly $2 million in net proceeds from the new financing. The financing also removes the cash management sweep associated with the prior loan, which will result in an estimated $7 million in annual free cash flow for CBL going forward. With the refinancing, CBL Properties has addressed its final near-term debt maturity, according to the company. West County Center totals almost 1.2 million square feet. Anchor tenants at the property include Macy’s, Dick’s Sporting Goods and the only Nordstrom store in the state. In 2026, new leases have been executed with The Cheesecake Factory, Free People Movement, Levi’s, L’Occitane en Provence, POPMART, Miss A and Urban Outfitters, among other retailers. CBL acquired its joint venture partner’s interest in the mall and two other retail properties in 2024 for …
BARTONSVILLE, PA. — CBRE has brokered the sale of Shops at Crossroads, a 133,717-square-foot shopping center in Bartonsville, located roughly midway between Allentown and Scranton in Eastern Pennsylvania. Grocer GIANT anchors Shops at Crossroads, which was built in 2009 and is also home to tenants such as Visionworks, Red Lobster, Jersey Mike’s and CosmoProf. Chris Munley, Colin Behr, Ryan Sciullo and Casey Smith of CBRE represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
NEW YORK CITY — Northmarq has arranged a $15 million loan for the refinancing of the 34,949-square-foot Atlantic Plaza Shopping Center in Queens. The center, which is located in the borough’s Ozone Park neighborhood, was built in 1984 and is home to tenants such as Bravo Supermarkets, Lenox Hill Radiology, Four Leaf Federal Credit Union and Dunkin’. Robert Delitsky and Keith Braddish of Northmarq arranged the loan through an undisclosed commercial bank on behalf of the owner, Schuckman Realty Inc.
LANSING, MICHIGAN — National real estate brokerage firm CrownPoint Partners has arranged the $9.2 million sale-leaseback of a five-property dental portfolio located across lower Michigan. CrownPoint represented both the seller and buyer in the transaction, which went from contract to close in 42 days. The portfolio consists of five dental properties totaling 35,212 square feet across Lansing, Charlotte, Adrian, Saint Joseph and Jackson, Michigan. The transaction was structured with new 15-year absolute-net leases featuring 2 percent annual rent increases, providing the buyer with long-term contractual income and no landlord responsibilities. The portfolio spans established healthcare and retail corridors throughout Michigan and serves combined trade areas encompassing more than 1.6 million residents. The properties benefit from regional connectivity to major transportation routes, including I-94, I-96, I-69, U.S. 127 and U.S. 31, as well as proximity to major healthcare systems throughout the state, according to CrownPoint.
PHOENIX — Cohen & Steers Income Opportunities REIT (CNSREIT) has acquired Grand Canyon Crossing, a 303,000-square-foot shopping center located in Phoenix. Walmart Supercenter anchors the property, which was 99 percent leased at the time of sale. Additional tenants include Harbor Freight Tools, Wendy’s, YouFit Health Club, Sally Beauty Supply, Nationwide Vision Center, Denny’s, Starbucks Coffee, Sonic, Jamba and Quick Quack Car Wash. The retail center was built on 33 acres in 2005. CNSREIT acquired Grand Canyon Crossing through a joint venture with the Sterling Organization. Further details of the transaction were not disclosed.
SAN BERNARDINO, CALIF. — PSRS has arranged $11.7 million in acquisition financing for a multi-tenant retail center in San Bernardino. Jonny Soleimani and Garrett Carter of PSRS secured the loan, which was structured with a 70 percent loan-to-value ratio, a two-year interest-only term and a built-in extension option, through a regional bank The borrower was undisclosed. Situated on 12.6 acres, the 66,713-square-foot property features 26 retail suites, including a gym anchor. Built in 2014, the property was 60 percent leased at the time of loan closing.
SAND CITY, CALIF. — JLL Capital Markets has negotiated the $9.5 million sale of the Shops at Edgewater, a 25,223-square-foot retail center located at 2080 California Ave. in Sand City. The fully leased property is occupied by Ulta Beauty, Panera Bread, Mancini’s Sleepworld and a Bank of America ATM. The Shops at Edgewater is also shadow anchored by Target, Ross Dress for Less and Lucky. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL represented the private seller in the transaction. An entity doing business as Sand City Holdings LLC was the buyer.
LOVELAND, COLO. — Galway Cos. has signed new tenants to leases and is advancing a multimillion-dollar, property-wide renovation at The Promenade Shops Centerra, a 494,500-square-foot open-air center in Loveland, approximately 46 miles north of Denver. Improvements will include new storefront facades; a redesigned ice rink scheduled to open next month; new landscaping along Main Street and updated property lighting; additional seating and refreshed outdoor gathering spaces; a new monument sign and new entrance signage; property-wide Wi-Fi and security enhancements; and new roofing across 10 buildings. The broader streetscape renovation is scheduled for completion in spring 2027. Additional property improvements, tenant openings and community programming will continue into 2027 as Galway advances The Promenade’s long-term repositioning. The nine new leases that have been signed within the previous year total 37,643 square feet. MINISO, Christopher & Banks and Windsor will open this fall, while JD Sports, Hot Topic, BoxLunch, Cabinet HQ, Hot Pot Grill and Los Dos Potrillos are anticipated to debut next spring. Galway acquired The Promenade Shops Centerra in August 2025 for $55 million.
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