RANCHO CUCAMONGA, CALIF. — Progressive Real Estate Partners has negotiated the $6 million sale of Allmark Plaza, a 16,926-square-foot retail center located in Rancho Cucamonga. Built in 1986, Allmark Plaza was fully leased at the time of sale to tenants including Domino’s Pizza, Mini-Mart, a nutrition shop, Mexican restaurant, diet center, salon, donut shop, day spa, dry cleaners and a dental office. Lance Mordachini and Monica Dal Bianco-West of Progressive represented the buyer, a California-based private investor. The seller, Allmark Property Management, represented itself.
WOODCLIFF LAKE, N.J. — Cushman & Wakefield has brokered the $109.5 million sale of Tice’s Corner, a lifestyle shopping center located in the Northern New Jersey community of Woodcliff Lake. The square footage was not disclosed, but according to the brokerage team, the sale represents “one of New Jersey’s largest single-asset retail transactions of the past decade.” Tenants include The Apple Store (anchor), Pottery Barn, Anthropologie and Free People. Joanna Manfro of Cushman & Wakefield represented the buyer, Boston-based owner-operator WS Development, in the transaction. David Waldman of David Adam Realty represented the seller, an institutional owner doing business as WS Tice’s Inc.
COMMACK, N.Y. — New Jersey-based intermediary Cronheim Mortgage has arranged a $70 million acquisition loan for the 221,000-square-foot Mayfair Shopping Center in Commack, located on Long Island. Built in 1958, the center was 99 percent leased at the time of sale. Lidl, Planet Fitness and PGA Tour Superstore are the anchors, and other tenants include Gap, Sephora, J.Crew Factory, H&R Block, Tropical Smoothie Café and MyGym. Allison Villamagna and Andrew Stewart of Cronheim represented the seller in the disposition of the center and simultaneously arranged the loan through Voya Investment Management on behalf of the buyer, New York-based REIT Brixmor Property Group.
GULF BREEZE, FLA. — Colliers has negotiated the $14 million sale of Live Oak Village, a 107,065-square-foot shopping center located at 1151 Gulf Breeze Parkway in Gulf Breeze, a beach town in Florida’s Panhandle. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller, Exposition Properties, in the transaction. Chris Dozier of Kuebel Realty Co. represented the buyer, Dorsey Development. United Community Bank provided an acquisition loan for the New Orleans-based buyer. Live Oak Village is anchored by a dual-branded Bealls and Home Centric. Bealls has operated at the center for 28 years, and Home Centric joined the tenant roster in 2022. Other tenants include Highpoint Church, YMCA and Dollar General.
By Jeff Lefko, executive vice president, partner, Hanley Investment Group Real Estate Advisors The Dallas Design District has entered a new phase of growth that is reshaping its identity and elevating its position within the city’s retail landscape. Once known primarily for showrooms and industrial buildings, the district has become one of Dallas’ most active destinations for dining, entertainment and luxury commerce. The shift has been rapid, and the momentum in 2026 is unmistakable. New openings this year have reinforced that trend. Delilah Dallas, a 1920s-inspired supper club that blends dining with live entertainment, arrived early in the year. Alara, a modern Mediterranean concept built around mezze and shared plates, followed soon thereafter, as did Ospi, a handmade pasta and Roman-style pizza restaurant co-owned by Top Chef contestant Jackson Kalb. Additional arrivals include La Lupita, a Los Cabos-born taquería and mezcalería making its U.S. debut, and Juliet, a Houston-based, movie theater-inspired steakhouse, opened in October next door to Delilah. The recent openings broaden the district’s lineup of destination dining. Operators are choosing the district because it offers visibility, a high-income customer base and proximity to neighborhoods such as Uptown, Downtown, Victory Park and the Medical District. The district’s transformation is …
LAKEWOOD, CALIF. — Faris Lee Investments has arranged the sale of a 97,319-square-foot portion of Lakewood Center, a retail center in Lakewood. A consortium of multiple owners sold the asset to an undisclosed seller for $37.3 million. Situated on 5 acres within Lakewood Center, the sold portion is leased to tenants including Burlington, 24 Hour Fitness and Bank of America. Don MacLellan, Jeff Conover, Scott DeYoung and Greg Lukosky of Faris Lee represented the seller in the deal. This is the second large portion of Lakewood Center that Faris Lee has sold this year, culminating in a total of $76 million. Lakewood Center occupies a full city block at four major signalized intersections. Major retailers at the center include Costco, Target, The Home Depot and Albertsons.
NEWPORT BEACH, CALIF. — Coastal Commercial has brokered the sale of Balboa Theater, a nearly century-old landmark theater located at 707 E. Balboa Blvd. in Newport Beach. A local family office sold the asset to a local private real estate investor for an undisclosed price. The new owner plans to restore the theater, which originally opened in 1928 as Ritz Theater. The theater ultimately closed in 1991 and despite previous restoration efforts, the property has remained closed for approximately 35 years. Coastal Commercial represented the seller, while Christian Emerson of The Oppenheim Group represented the buyer in the transaction.
ALICE, TEXAS — Marcus & Millichap has brokered the $7.3 million sale of a 4,874-square-foot retail building in Alice, about 50 miles west of Corpus Christi, that is leased to 7-Eleven. The building was constructed on a 1.9-acre site at 1910 E. Main St. in 2025. Zack House, Mark Ruble and Chris Lind of Marcus & Millichap represented the buyer, an Arizona-based limited liability company that acquired the building via a 1031 exchange, in the transaction. The seller was a Texas-based limited partnership. Both parties requested anonymity.
ARLINGTON, TEXAS — Weitzman has arranged the sale of Cooper Oaks, a 17,836-square-foot retail strip center in Arlington. The center is home to tenants such as ATI Physical Therapy, Bricks & Minifigs and Donut Palace, as well as a dentist, Vietnamese restaurant, barbeque restaurant and a nail salon. Kevin Butkus, Guillermo Lopez and Stephen Schmidt of Weitzman negotiated the sale on behalf of the buyer, a limited partnership managed by Weitzman. Will Merritt internally represented the seller, Merritt Capital Partners.
BIRMINGHAM, ALA. — JLL has negotiated the $32.5 million sale of the second phase of Village at Lee Branch, a power retail center located at 1201 Doug Baker Blvd. in Birmingham. Brad Buchanan, Jim Hamilton and Anton Serafini of JLL represented the seller, Atlanta-based Cygnus Capital, in the transaction. The buyer was Richmond-based Hackney Real Estate Partners. Situated in Birmingham’s Meadowbrook submarket along U.S. Highway 280, Village at Lee Branch was 83 percent leased at the time of sale to tenants including Onelife Fitness, Hobby Lobby and Dollar Tree. The property sits adjacent to the first phase of Village at Lee Branch, which is anchored by Publix.
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