Retail

Faris Lee Brokers $37.3M Sale of 97,319 SF Retail Space in Lakewood, California

by Amy Works November 2, 2026

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.

November 2, 2026

Acquisitions California Retail Western

Coastal Commercial Arranges Sale of Historic Balboa Theater in Newport Beach, California

by Amy Works November 2, 2026

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.

November 2, 2026

Acquisitions Net Lease Retail Texas

Marcus & Millichap Brokers $7.3M Sale of Retail Building Leased to 7-Eleven in Alice, Texas

by Taylor Williams November 2, 2026

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.

November 2, 2026

Acquisitions Retail Texas

Weitzman Arranges Sale of 17,836 SF Retail Strip Center in Arlington

by Taylor Williams November 2, 2026

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.

November 2, 2026

Acquisitions Alabama Retail Southeast

JLL Negotiates $32.5M Sale of Power Retail Center in Birmingham

by John Nelson October 30, 2026

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.

October 30, 2026

Acquisitions Louisiana Retail Southeast

Matthews Brokers Sale of Magnolia Marketplace Shopping Center in New Orleans

by John Nelson October 30, 2026

NEW ORLEANS — Matthews has brokered the sale of Magnolia Marketplace, a 115,281-square-foot shopping center located at 2900 S. Claiborne Ave. in New Orleans. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the locally based seller, Stirling Properties, and sourced the buyer, Agree Realty. The sales price was not disclosed, but the deal marks the highest sales price for a retail property sold within New Orleans’ Mid-City/Central City submarket within the past 10 years, according to data from CoStar Group. Built in 2015 by Stirling, Magnolia Marketplace was fully leased at the time of sale to tenants including Ross Dress for Less, T.J. Maxx, Michaels, Five Below, PetSmart and Ulta Beauty. Stirling is retaining ownership of an outparcel at the center leased to Raising Cane’s.

October 30, 2026

Acquisitions Colorado Restaurant Retail Western

Core Acquisitions, Midloch Investment Buy Shopping Center Near Denver for $30.2M

by Amy Works October 30, 2026

LAKEWOOD, COLO. — Deerfield, Ill.-based Core Acquisitions and Chicago-based Midloch Investment Partners have acquired Lamar Station Plaza, a regional shopping center in Lakewood, approximately five miles west of downtown Denver. An undisclosed seller sold the asset for $30.2 million. Lamar Station Plaza features 271,632 square feet of retail space anchored by Casa Bonita, a Mexican restaurant and entertainment destination owned by “South Park” television show creators Trey Parker and Matt Stone. The 1,000-seat Casa Bonita features live entertainment with an indoor waterfall and cliff-diving pool and accommodates more than 650,000 visits annually. Additional tenants include Ross, Planet Fitness, Dollar Tree, Dutch Bros. and ARC Thrift Stores. At the time of sale, the property was 76 percent occupied. The buyers secured a new mortgage loan from Old National Bank for the purchase, which was brokered by Cushman & Wakefield. An affiliate of Core will manage the property, with Cushman & Wakefield handling leasing efforts. The new ownership plans to execute a targeted capital improvements program for the asset. Upgrades include an enhanced façade, upgraded signage, roof replacements, parking lot and landscaping upgrades and an increased focus on operations, including janitorial and sweeping services.

October 30, 2026

Acquisitions California Retail Western

CBRE Brokers $18.3M Sale of Five Retail Properties in Eastvale, California

by Amy Works October 30, 2026

EASTVALE, CALIF. — CBRE has facilitated the $18.3 million sale of five retail properties at Eastvale Gateway South, a retail portfolio at 12464-12574 Limonite Ave. in Eastvale. Edward Matevosian, Cray Carlson and Jenny Eng of CBRE represented the seller in the transactions and also represented the multiple buyers. Situated on 5.4 acres and totaling 236,096 square feet, the transactions include:

October 30, 2026

Leasing Activity Northeast Pennsylvania Retail

Wayfair to Open 95,000 SF Store at North Hills Village in Pittsburgh

by Taylor Williams October 30, 2026

PITTSBURGH — Wayfair will open a 95,000-square-foot store in Pittsburgh. The store, which will be located just outside the downtown area within the North Hills Village shopping center, will be the first in Pennsylvania for the Boston-based furniture provider. The store will feature an onsite design studio and consulting services for individual room furnishings or larger renovation projects. The opening is set for some time next year.

October 30, 2026

Acquisitions Midwest Ohio Retail

Cooper Group Brokers $7M Sale of Springdale Town Center in Cincinnati

by Kristin Harlow October 30, 2026

CINCINNATI — The Cooper Commercial Investment Group has brokered the $7 million sale of Springdale Town Center in Cincinnati. Bob Havasi and Dan Cooper of Cooper Group represented the seller, an East Coast-based private investment group. A private New York-based group purchased the property at a cap rate of 7.3 percent and 99 percent of the list price. The property totals 43,071 square feet.

October 30, 2026

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