BRIDGEPORT, TEXAS — Nashville-based brokerage firm Matthews has negotiated the sale of a 23,957-square-foot retail building, in Bridgeport, located northwest of Fort Worth. Tractor Supply Co. occupies the recently constructed building under a 15-year lease. Chad Kurz of Matthews represented the seller in the transaction, while Kevin McKenna, also with Matthews, represented the buyer, a California-based investor completing a 1031 exchange.
ROCHESTER HILLS, MICH. — Rally House has signed a 17,542-square-foot retail lease at Winchester Center in Rochester Hills. Greg Newman and Jason Orow of Keystone Commercial Real Estate arranged the lease. The center is home to retailers such as Dick’s Sporting Goods, Burlington and Marshalls. Rally House continues its expansion across Southeast Michigan, offering a selection of local, collegiate and professional sports merchandise.
MARIETTA, GA. — Sterling Properties has acquired Merchants Walk, a 271,992-square-foot shopping center in Marietta, a northern suburb of Atlanta. The West Palm Beach-based private equity real estate investment firm purchased the shopping center from Washington, D.C.-based mixed-use developer and operator EDENS for $93.2 million. Kevin Hurley and Matt Karempelis of CBRE’s National Retail Partners represented the buyer in the transaction. Situated on nearly 30 acres at the intersection of Roswell and Johnson Ferry roads in metro Atlanta’s East Cobb neighborhood, Merchants Walk was 90 percent leased at the time of sale to tenants including Whole Foods Market, Marshalls, PetSmart, Old Navy, DSW, Ulta Beauty, Office Depot and Georgia Theater Company Stadium Cinemas, as well as boutique retailers, service retailers and restaurants. Kohl’s shadow-anchors the center.
LOS ANGELES — Paragon Commercial Group has purchased a 46,055-square-foot, grocery-anchored shopping center in the Tujunga neighborhood of Los Angeles from the original developer. Situated on nearly 2.7 acres, the property has been home to grocer Smart & Final for more than 30 years and Goodwill for 25 years. Paragon plans to upgrade the center’s common areas, building façades, lighting and signage. Greg Offsay and Caleb Morrison of illi Commercial Real Estate brokered the off-market transaction.
ARLINGTON, TEXAS — A joint venture between Trademark Property Co. and Harrison Street Asset Management is scheduled to break ground Monday, Aug. 3 on Anthem, a $135 million redevelopment of the 43-year-old Lincoln Square shopping center in Arlington. InterBank is providing refinancing and construction financing for the 43-acre project. Completion is slated for early 2028. After the demolition of 70,000 square feet of existing space, Anthem will feature 404,000 square feet of retail, food- and- beverage, public spaces and entertainment areas. Trademark will lead a full renovation of the property, including improvements to walkability and connectivity, as well as increased surface parking, new facades, branding and signage. Plans call for a public green space, curated public art program, outdoor seating, bike racks and event programming. Working closely in a public-private partnership with the Arlington Economic Development Corp. and the City of Arlington, Trademark has performed local market research through surveys, planning sessions and community meetings since becoming involved with the project in 2022. Trademark is in final lease negotiations for more than 35,000 square feet of retail and food-and-beverage tenants, many of which will be new to the market. Future plans for Anthem may include the integration of mixed-use components …
ALEXANDER CITY, ALA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $23.1 million sale of The Gateway at Lake Martin, a grocery-anchored shopping center in east-central Alabama. Built in 2024, the 93,352-square-foot center is situated on a 22-acre site at the intersection of U.S Highway 280 and Ala. Highway 63 in Alexander City. The Gateway at Lake Martin’s tenant roster includes Publix, Marshalls, Starbucks, Rack Room Shoes and Five Below, as well as four outparcels that were not part of the transaction. Zach Taylor of IPA’s Atlanta office, along with Robby Pfeiffer and Eric Abbott of Marcus & Millichap, represented the seller, a repeat developer of Publix-anchored shopping centers, in the transaction. Eddie Greenhalgh served as Marcus & Millichap’s broker of record in Alabama. Anita Paryani and David Fierroz of IPA Capital Markets arranged an undisclosed amount of acquisition financing for the buyer, an entity doing business as Calhoun Shores LLC, which purchased the center along with a grocery store in Naples, Fla., leased to Sprouts Farmers Market. David Weinberg, Jacob Keith, Greenhalgh and Ryan Nee of Marcus & Millichap procured the buyer along with Scott Sutphin of Jet Properties.
THE WOODLANDS, TEXAS — Local brokerage firm Palo Duro Commercial Partners has arranged the sale of Shoppes at Sawdust, a 13,500-square-foot retail strip center located north of Houston in The Woodlands. The center was fully leased at the time of sale to tenants such as Jimmy John’s, Little Caesars and Cloud 9 Dental. Stephen Pheigaru and Chris Reul of Palo Duro brokered the deal. The buyer and seller were not disclosed.
SPARKS, NEV. — Idaho-based Alturas Capital Partners has purchased Legends at Sparks Marina, a 421,000-square-foot mixed-use lifestyle center in Sparks. Terms of the transaction were not disclosed. The transaction, which closed on July 23, will be added to the Alturas Real Estate Fund. This acquisition brings the company’s assets under management to $850 million and 4.6 million square feet. Legends at Sparks Marina features national and regional tenants, including H&M, Nike, Sephora, Five Below, Yard House, Galaxy Theatres, Burlington and Cavender’s.
LOS ANGELES — Sony Pictures Entertainment (SPE) and Alamo Drafthouse Cinema have announced plans to reopen and restore Cinerama Dome, a historic move theater located on Sunset Boulevard in Hollywood. Opened in 1963, it is the world’s first all-concrete, geodesic dome that features an 86-foot curved screen. Following a six-year shutdown that began during the COVID pandemic, the Dome will undergo restorative renovations starting next month through early 2028. Alamo Drafthouse Cinema will operate the movie theater. As part of the deal, SPE will also reopen the adjacent 14-screen theater complex, formerly ArcLight Cinemas, as an Alamo Drafthouse Cinema. The theater will offer Alamo Drafthouse presentations and dine-in services, curated programming, revival screenings, events, designated karaoke rooms and fan celebrations. In addition, the complex will retain 35mm capabilities to showcase archival film prints and house multiple screens with immersive audio and 4K laser projection, including 70mm capabilities. In 2015, Alamo Drafthouse restored San Francisco’s historic New Mission Theater — now called the Christopher Nolan Cinema — transforming a 20-year vacant landmark into one of the city’s premier destinations for film. Alamo Drafthouse’s restoration of the theater preserved the famous Art Deco façade and historic architectural details, including that of the original …
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a retail property located at 6780 N. Sandario Road in Tucson. Steven J. Williams and Elizabeth Ann Williams Revocable Trust purchased the asset from Benson-DBS LLC for $1.8 million. The property is a 9,100-square-foot Dollar General NNN Investment. Dave Hammack of Cushman & Wakefield | PICOR represented the seller in the deal.
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