SAN JUAN, TEXAS — Newmark has brokered the $7.6 million sale of a 54,608-square-foot retail and industrial building in San Juan, located in Hidalgo County in South Texas. The newly renovated building at 801 E. Interstate 2 will house the first store and showroom in the Rio Grande Valley for Bob Mills Furniture, which also purchased the building. Stewart Skloss of Newmark brokered the deal on behalf of Bob Mills Furniture. The seller was not disclosed.
COCKEYSVILLE, MD. — Greenberg Gibbons has begun the $10 million renovation of Hunt Valley Towne Centre, a 925,000-square-foot, open-air mixed-use development located in Cockeysville, roughly 16 miles north of Baltimore. The renovation project will feature a new plaza and improvements to the center’s Regal movie theater. Situated within Hunt Valley’s Main Street corridor, the new plaza will feature a new turf lawn, pergola, seating area and a retractable 14-foot multimedia screen, as well as space for games and seasonal activities. The plaza will also host the center’s “Friday Night Live” summer concert series, movie nights and annual Christmas tree lighting ceremonies. Completion of the plaza is expected for this fall. Upgrades to the Regal movie theater will include refreshed exterior enhancements, updated signage, a fully refurbished lobby, improved concessions with digital displays and self-service ticket kiosks. Additionally, each auditorium will comprise new laser projectors, recliner seating and new flooring. The movie theater will remain open throughout the multiphase renovation process. Following the closure of Hunt Valley Mall in 2000, the property was redeveloped and began operating as Hunt Valley Towne Center in 2003. Tenants at the center include Wegmans, DSW, HomeGoods, Marshalls, California Pizza Kitchen, J.Crew Factory, Onelife Fitness and …
FRANKLIN, N.C. — Marcus & Millichap has brokered the nearly $2 million sale of a single-tenant retail property located at 1370 Siler Road in Franklin, a city in western North Carolina near the Georgia border. Built in 2022 and shadow-anchored by Walmart, the property is net-leased to Aspen Dental, which is occupying the store on a 10-year corporate lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller in the transaction. Kevin Smith Sr. and Brandon Sherrill of Marcus & Millichap represented the buyer. Both parties are privately based real estate investors that requested anonymity. Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina, assisted in the sale. “This transaction highlights continued investor confidence in essential healthcare retail, particularly in premier tertiary markets like Franklin,” says McMinn. “Net-leased dental assets with strong corporate backing remain highly sought after, even as broader market dynamics evolve.”
SAN DIEGO — CBRE has arranged the sale of a retail property located at 3352 Adams Ave. in San Diego. Corner Properties sold the asset to 3352 Adams LLC for $1.7 million. The 1,730-square-foot property features a long-term, triple-net lease with Starbucks Coffee. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, while Andrew Slade of CIRE Partners represented the buyer in the deal.
OAK BROOK, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Oaks of Oak Brook, a 67,146-square-foot retail center in the Chicago suburb of Oak Brook. The property was 98 percent leased at the time of sale to tenants such as Athletico, Activate Games, NxStage Kidney Care, Blackberry Market, Erik’s Bike Board & Ski and OrthoLazer. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Newport Capital Partners. The asset sold to a private buyer.
ANN ARBOR AND ROCHESTER HILLS, MICH. — SweatHouz has signed retail leases to open new locations in Ann Arbor and Rochester Hills. SweatHouz is a chain of studios that offers infrared saunas, cold plunges and other wellness services. Jason and Amy Hanley are the area developers for SweatHouz in Michigan and have signed on to open 17 locations across the state. SweatHouz currently has 50 locations open and operating across the country and another 50 in permitting or construction phases. The Ann Arbor facility will total 2,628 square feet at 3143 Ann Arbor Saline Road, and the Rochester Hills location will span 2,130 square feet at 1495 N. Rochester Road. Both will serve as outparcels to Meijer stores. The tenant group also owns six Orange Theory locations in Michigan. Norman Abro of Keystone Commercial Real Estate brokered the leases.
DALLAS — Locally based investment firm M2G Ventures has begun the redevelopment of the former Inwood Design District, a 14-building, 740,000-square-foot industrial and retail property in Dallas that also includes showroom space. The redevelopment will create the Inwood Design District for light showroom and industrial uses and Ace on Inwood for retail and restaurant uses. Completion is targeted for late 2025. The company purchased the 38-acre site at 1110 Inwood Road earlier this year. At the time of sale, Inwood Design District was 93 percent leased to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA.
EDISON, N.J. — Locally based brokerage firm The Goldstein Group has negotiated the $24 million sale of the 120,000-square-foot Inman Grove Shopping Center in the Central New Jersey community of Edison. The center is home to tenants such as Taco Bell, Wells Fargo, Ivy Rehab, Planet Wings, Allstate, Dunkin’, CSL Plasma, Subway, UPS Store, Verizon, Kumon, Dairy Queen, Discovery Christian Montessori School and Vino Sandro Liquors. C.J. Huter, Lew Finkelstein, Marc Palestina and Roy Paret of The Goldstein Group represented the seller, Oak Grove Associates, in the transaction.
NEW YORK CITY — Life Time will open a 52,000-square-foot fitness club at 10 Bryant, a 30-story office building located at 452 Fifth Ave. in Midtown Manhattan. The facility will feature a cold plunge pool and a steam room, a spa with red light therapy service, coworking and library spaces, barre and yoga studios and personal training space. JLL represented the landlord, Property & Building Corp., in the lease negotiations.
WHEAT RIDGE, COLO. — Denver-based Canopy Real Estate Partners has acquired Gold’s Marketplace, a neighborhood retail center located roughly six miles outside Denver in Wheat Ridge, for $15.8 million. Situated at 26th Avenue and Kipling Street, the 59,000-square-foot center was 83 percent leased at the time of sale to 17 tenants, including Illegal Pete’s, Esters Neighborhood Pub, Queen City Collective Coffee, Em’s Ice Cream and Rich Spirit Bagels.
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