Sunday, July 13, 2025
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Retail

CaliforniaRetailWestern

Hanley Investment Group Arranges $8.9M Sale of Retail Building in La Quinta

by Nellie Day

LA QUINTA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a two-tenant retail building occupied by TJ Maxx and ULTA Beauty in La Quinta. The 33,708-square–foot building is within Washington Park Shopping Center, which houses Target, Lowe’s, Trader Joe’s, ALDI, Stein Mart and Century Theatres. Hanley Investment Group’s Bill Asher represented the undisclosed seller in the $8.9 million transaction. Steven Gelber of Gelber Realty Corp. represented the buyer, a private investor from Los Angeles.

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North CarolinaRetailSoutheast

Westwood Financial Acquires Trader Joe’s-Anchored Shopping Center in Charlotte for $25.1M

by Camren Skelton

CHARLOTTE, N.C. — Westwood Financial LLC has acquired The Arbors at Mallard Creek, a 55,323-square-foot, Trader Joe’s-anchored shopping center in Charlotte’s University City neighborhood. CBRE’s Mike Burkard and Casey Rosen represented the buyer, Los Angeles-based Westwood Financial, and the undisclosed seller in the $25.1 million transaction. Located at 2121 E. Arbors Drive, the property sits approximately four miles from University of North Carolina at Charlotte and is home to tenants including Petco, Massage Envy, Hickory Tavern and Zoë’s Kitchen. The center was 98 percent leased at the time of sale.

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ArkansasRetailSoutheast

Ziff Properties Acquires Shopping Center in Little Rock for $7.1M

by Camren Skelton

LITTLE ROCK, ARK. — Ziff Properties Inc. has purchased Bowman Curve Shopping Center, an 81,271-square-foot retail development located near the intersection of North Bowman Road and West Markham Street in west Little Rock. Mason Lewis and Todd Rice of Colliers International represented the buyer and seller in the $7.1 million transaction. The company plans to invest in cosmetic and structural renovations for the center.

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NevadaRestaurantRetailWestern

Dunkin’ Donuts Opens Location in Hard Rock Hotel & Casino

by Nellie Day

LAS VEGAS — Dunkin’ Donuts has opened a new location inside Hard Rock Hotel & Casino Las Vegas in partnership with  travel industry retailer Hudson Group. The newly opened Las Vegas location is one of more than 20 Dunkin’ Donuts restaurants operated by Hudson Group. The restaurant can be found on the first floor of the hotel near the main entrance and is open 24 hours a day, 7 days a week. Dunkin’ Donuts has been strategically expanding in contiguous markets across the country with a long-term goal of having more than 17,000 restaurants in the United States alone. This expansion includes more than 750 alternative points of distribution, including college campuses, hotels, mass transit stations, travel centers, supermarkets, entertainment centers and military bases. Founded in 1950, Dunkin’ Donuts has more than 12,200 restaurants in 45 countries worldwide. Based in Canton, Mass., Dunkin’ Donuts is part of the Dunkin’ Brands Group Inc.

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RetailTexas

Marcus & Millichap Brokers Sale of 18,412 SF Retail Center in Bryan

by Taylor Williams

BRYAN, TEXAS — Marcus & Millichap has brokered the sale of Mid Town Center, an 18,412-square-foot retail center located at 3800 S. Texas Ave. in Bryan. Located approximately one mile from Texas A&M University, the property was 85 percent occupied at the time of sale. Michael Buckner and Richard Mireles of Marcus & Millichap represented the seller, a limited liability company, in the transaction. Gus Lagos and Evan Altemus, also with Marcus & Millichap, procured the buyer, a private investor.  

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Town-Square-Pottstown-PA
NortheastPennsylvaniaRetail

CBRE Brokers Sale of 215,610 SF Power Center in Pottstown, Pennsylvania

by Amy Works

POTTSTOWN, PA. — CBRE has arranged the sale of Town Square Plaza, a power center located at 1100 Town Square Road in Pottstown. Bluejay Management acquired the 215,610-square-foot property from Retail Properties of America for an undisclosed price. Built in 2004, the property was 98 percent occupied at the time of sale. A 134,574-square-foot Lowe’s Home Improvement Warehouse anchors the property. Other tenants include PetSmart, Michaels, Rite Aid Pharmacy, BB&T Bank, Mattress Firm, Hair Cuttery, LongHorn Steakhouse, AT&T and H&R Block. Brad Nathanson and John Colussi of CBRE represented the seller and identified the buyer in the deal.

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New YorkNortheastRetail

Breslin Realty Facilitates $1.2M Sale of Retail Property in Oakdale, New York

by Amy Works

OAKDALE, N.Y. — Breslin Realty has arranged the sale of a retail property located at 1230 Montauk Highway in Oakdale. An undisclosed buyer acquired the 17,424-square-foot property for $1.2 million. The buyer plans to use the property as the site of a future gas station and convenience store. Bill de Seve and Russ Lico of Breslin Realty negotiated the transaction.

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IndianaMidwestRetail

Boulder Group Negotiates $2.4M Sale of Two Properties Net Leased to Jiffy Lube in Indiana

by Kristin Harlow

KENDALLVILLE AND ANGOLA, IND. — The Boulder Group has negotiated the sale of two single-tenant properties net leased to Jiffy Lube in Indiana for $2.4 million. The properties are located at 317 W. North St. in Kendallville and 640 N. Wayne St. in Angola. The two locations were recently renovated with additional drive-in bays. There are more than 15 years remaining on both Jiffy Lube leases, which expire in December 2032. A private investment group was the buyer and a global real estate fund was the seller. Randy Blankstein and John Feeney of The Boulder Group represented both parties in the sales transaction.

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LoansNorth CarolinaRetailSoutheast

NorthMarq Capital Arranges $18.5M in Refinancing for Retail Property in North Carolina’s Triad Region

by Camren Skelton

GREENSBORO, N.C. — NorthMarq Capital has arranged $18.5 million in refinancing for New Garden Crossing, a 168,950-square-foot retail center located in Greensboro. Mark Jeffries of NorthMarq Capital’s Denver office structured the refinance with a 10-year term and 30-year amortization schedule. Lowe’s Foods, Marshalls and HomeGoods are among the tenants at the property.

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295-Larkfield-Rd-East-Northport-NY
New YorkNortheastRetail

Island Associates Brokers $2.5M Sale of Retail Property in East Northport, New York

by Amy Works

EAST NORTHPORT, N.Y. — Island Associates has arranged the sale of a retail property located at 295 Larkfield Road in East Northport. An undisclosed buyer acquired the 12,000-square-foot property for $2.5 million. Roger Delisle of Island Associates was the sole broker in the transaction. The name of the seller was not released.

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