Retail

Orion Buys Food Lion-Anchored Shopping Center in Boone, North Carolina for $26.1M

by John Nelson September 30, 2026

BOONE, N.C. — Miami-based Orion Real Estate Group has acquired Watauga Village, an 88,800-square-foot neighborhood shopping center located in Boone, a city in western North Carolina and home of Appalachian State University. Adam Russ, Erin Varol and Will Register of CBRE represented the undisclosed seller in the $26.1 million transaction. Food Lion anchors the property, which was fully leased at the time of sale to tenants including Michaels, Mercy Urgent Care, Spectrum, Tropical Smoothie Café and Wingstop. Orion currently owns or manages an additional 23 properties totaling 101,583 square feet throughout North Carolina, which are all single-tenant, triple-net properties. Watauga Village is the firm’s first shopping center acquisition in the state.

September 30, 2026

Leasing Activity Restaurant Retail Texas

Dhanani Private Equity Group Welcomes New Tenants to San Antonio Shopping Center

by Taylor Williams September 30, 2026

SAN ANTONIO — Dhanani Private Equity Group, a Houston-based owner-operator, has welcomed several new tenants to the 635,000-square-foot Park North Shopping Center in San Antonio. The deals include leases with Cajun seafood restaurant Surfing Crab (5,200 square feet); Mexican restaurant and bar Panfila Cantina (5,000 square feet); and a 2,000-square-foot expansion for Escapology Escape Room. Taroko Sports, Hummus Republic, ArTea Café, Pet Supplies Plus and Oyin by Mulberry Prime will also soon open at the center. Vicki Adelstein of Partners Real Estate represented the landlord in all lease negotiations.

September 30, 2026

Acquisitions Massachusetts Northeast Retail

Atlantic Capital Partners Negotiates $10.2M Sale of Shopping Center in Springfield, Massachusetts

by Taylor Williams September 30, 2026

SPRINGFIELD, MASS. — Regional brokerage firm Atlantic Capital Partners (ACP) has negotiated a $10.2 million sale of Boston Commons Plaza, a 103,494-square-foot shopping center in the Western Massachusetts city of Springfield. Boston Commons Plaza was 98 percent leased to six tenants at the time of sale, with Kohl’s serving as the anchor. Justin Smith, Chris Peterson, Danielle Turpin and Matt Ericson of ACP brokered the deal. The buyer and seller were not disclosed.

September 30, 2026

23126-23170-Valencia-Blvd-Santa-Clarita-CA

Acquisitions California Retail Western

SRS Real Estate Brokers $27.5M Sale of Value-Add Retail Property in Santa Clarita, California

by Amy Works September 30, 2026

SANTA CLARITA, CALIF. — SRS Real Estate Partners has arranged the sale of a value-add retail property located at 23126-23170 Valencia Blvd. in Santa Clarita. A Los Angeles-based investor sold the asset to Glendale, Calif.-based Avant Real Estate for $27.5 million. Situated on 12.6 acres, the shopping center totals 120,559 square feet and was formerly a Kmart-anchored retail center. At the time of sale, the asset was 80 percent leased. The new ownership plans to fully renovate the shopping center, maintaining its retail use while upgrading the property and enhancing its overall appearance. Carlos Lopez, Terrison Quinn and Tony Vuona of SRS Capital Markets represented the seller, while Ed Matevosian of CBRE represented the buyer in the deal.

September 30, 2026

Acquisitions California Retail Western

Sterling Organization Buys 69,622 SF Pavilions Marketplace in West Hollywood

by Amy Works September 30, 2026

WEST HOLLYWOOD, CALIF. — West Palm Beach, Fla.-based Sterling Organization, on behalf of its institutional value-add fund Sterling Value Add Partners, has acquired the 69,622-square-foot Pavilions Marketplace in West Hollywood. Terms of the transaction were not released. Pavilions Marketplace is currently 89 percent leased and anchored by a 54,087-square-foot Pavilions grocery store. Additional tenants include Chase Bank, Insomnia Cookies and Nothing Bundt Cakes. The property is situated on 3.4 acres at the intersection of Santa Monica and North Robertson boulevards.

September 30, 2026

Acquisitions Retail Texas

JLL Negotiates Sale of Shopping Center in Northwest Austin

by Taylor Williams September 29, 2026

AUSTIN, TEXAS — JLL has negotiated the sale of Casis Village, a shopping center in northwest Austin’s Tarrytown neighborhood. The square footage was not disclosed, but the site spans 3.4 acres. Grocer Randalls anchors the center, which was 92 percent leased at the time of sale. Other tenants include Estilo Boutique, Starbucks, Tarrytown Pharmacy, Zed’s and Face Foundrie. Chris Gerard and Shea Petrick of JLL represented the seller, a joint venture between Ivy Cos. and 35 South Capital. The name of the buyer was not disclosed.

September 29, 2026

Acquisitions Florida Retail Southeast

TSCG Brokers $8.4M Sale of Publix-Anchored Shopping Center in Fort Walton Beach, Florida

by John Nelson September 29, 2026

FORT WALTON BEACH, FLA. — TSCG has brokered the $8.4 million sale of The Shoppes at Paradise Pointe, a Publix-anchored shopping center located at U.S. Highway 98 and Perry Avenue SE in Fort Walton Beach. The 73,416-square-foot property sits at the mainland approach to Brooks Bridge, which connects Fort Walton Beach to Okaloosa Island. Anthony Blanco of TSCG represented the seller, SITE Centers Corp., in the transaction. The buyer was an undisclosed private investor. Built in 1987, The Shoppes at Paradise Pointe was 82.5 percent leased at the time of sale to tenants including Publix, which has anchored the center since 2001, as well as Great Clips, Mariner Finance and Painting With a Twist. The acquisition also included two developed outparcels occupied by Waffle House and Beach Liquors.

September 29, 2026

Acquisitions California Retail Western

Faris Lee Investments Brokers $38.7M Sale of Two-Tenant Retail Property in Lakewood, California

by Amy Works September 29, 2026

LAKEWOOD, CALIF. — Faris Lee Investments has arranged the sale of a two-tenant retail property within Lakewood Center in Lakewood. A consortium of multiple owners sold the asset for $38.7 million to a high-net-worth family office. Don MacLellan, Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee Investments represented the seller and buyer in the deal. Totaling 154,997 square feet on 14.7 acres, the property includes The Home Depot and Albertsons. The two tenants occupy their respective parcels under absolute below-market ground leases, with both operating at the location for more than 30 years.

September 29, 2026

Acquisitions California Retail Western

Marcus & Millichap Arranges $7M Sale of Retail Center in San Jose, California

by Amy Works September 29, 2026

SAN JOSE, CALIF. — Marcus & Millichap has arranged the sale of Capital Commercial Center, a retail property in San Jose. A partnership sold the asset to a California-based limited liability company for $7 million, or $485.19 per square foot. Steve Sauter of Marcus & Millichap represented the seller, while Bryan DiMesio and Scott Ferguson of Marcus & Millichap represented the buyer in the transaction. Located at 175 S. Capitol Ave., Capital Commercial Center features 14,479 square feet of retail space. Built in 1988 on a 1.1-acre parcel, the property is fully leased to nine tenants under triple-net leases with an average occupancy tenure of more than 11 years. The buyer plans to maintain the property and benefit from contractual rent increases.

September 29, 2026

Acquisitions Illinois Midwest Retail

TEI Acquires Retail Property on Jeweler’s Row in Chicago for $3.9M

by Kristin Harlow September 29, 2026

CHICAGO — Time Equities Inc. (TEI) has acquired 33 South Wabash Avenue in Chicago for $3.9 million. Located in the heart of South Loop along historic Jeweler’s Row, the property offers 38 feet of frontage on Wabash Avenue at the base of a 360-unit luxury condominium building, which is also home to the School of the Art Institute of Chicago. Currently fully leased, the 7,400-square-foot, three-unit retail property is home to Goddess & the Baker, Reckless Records and Prasino. Ami Ziff and Jonathan Kim represented TEI on an internal basis. Mitchell Kiven of Marcus & Millichap represented the seller, Newcastle Investors.

September 29, 2026

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