Thursday, May 15, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Retail

3948-3964-University-Ave-Riverside-CA
AcquisitionsCaliforniaRetailWestern

Progressive Real Estate Arranges $3.6M Sale of Retail Strip Center in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Progressive Real Estate Partners has negotiated the sale of a retail strip center located at 3948-3964 University Ave. in the Inland Empire city of Riverside. A Los Angeles-based seller sold the asset to an Orange County-based private investor for $3.6 million, or $503 per square foot. Fully leased to six tenants at the time of sale, the 7,250-square-foot property offers suites ranging from 750 square feet to 1,750 square feet. The asset was recently remodeled. Greg Bedell of Progressive Real Estate Partners represented the seller, while Girges Gad of Pacific Realty & Finance represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Colliers Arranges $23M Sale of Tampa Bay Store Leased to The Home Depot

by John Nelson

CLEARWATER, FLA. — Colliers has arranged the $23 million sale of a 111,694-square-foot retail property in the Tampa Bay area. Located at 2495 Gulf to Bay Blvd. in Clearwater, the store has been leased to The Home Depot for the past 25 years, and the home improvement retailer has several years remaining on its current lease term. Eric Carlton and Jereme Snyder of Colliers represented the seller, a private institutional investor, in the transaction. The buyer was an undisclosed individual investor.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMichiganMidwestRetail

Dominion Negotiates Sale of Retail Redevelopment Site in Shelby Township, Michigan

by Kristin Harlow

SHELBY TOWNSHIP, MICH. — Dominion Real Estate Advisors LLC has negotiated the sale of a 0.78-acre retail development site located at 56166 Van Dyke Road in Shelby Township for an undisclosed price. Andrew Boncore of Dominion represented the seller. Steven Murphy of Century 21 Campbell Realty represented the buyer, a local business owner who plans on redeveloping the site into a retail center to expand his existing business.

Continue Reading
FacebookTwitterLinkedinEmail
HospitalityLoansNew YorkNortheastRestaurantRetail

Ariel Property Advisors Arranges $8.7M Refinancing of Manhattan Retail, Hospitality Portfolio

by Taylor Williams

NEW YORK CITY — Ariel Property Advisors has arranged an $8.7 million loan for the refinancing of a retail and hospitality portfolio in Manhattan’s Theater District. The fully occupied portfolio consists of two properties, both of which feature bars/restaurants that are owned and operated by the undisclosed borrower. In addition, the second property has a boutique hotel occupying floors three through six that is leased to a third-party operator. The direct lender and addresses of the property were also not disclosed. Ben Schlegel, Matt Swerdlow, Christoffer Brodhead and Rhea Vivek of Ariel originated the three-year loan.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew YorkNortheastRestaurantRetail

State of Play Signs 10,700 SF Retail Lease in Manhattan’s Union Square

by Taylor Williams

NEW YORK CITY — State of Play Hospitality, an entertainment retail operator, has signed a 10,700-square-foot retail lease at 31 Union Square West in Manhattan with plans to open a Flight Club venue. Spanning the ground floor and basement of the property, the facility will offer darts-focused games with food-and-beverage options. Scheduled to open in 2025, this marks the ninth North America location for the brand. Blue Water Grill restaurant previously occupied the space.

Continue Reading
FacebookTwitterLinkedinEmail
Retail-Center-Upland-CA
CaliforniaLoansRetailWestern

Keystone Mortgage Arranges $25.7M Bridge Loan for Neighborhood Retail Center in Upland, California

by Amy Works

UPLAND, CALIF. — Keystone Mortgage Corp. has arranged a $25.7 million fixed-rate bridge loan to fund the repositioning of a 140,000-square-foot neighborhood retail center in Upland, approximately 35 miles east of Los Angeles. Amazon Fresh, Ross Dress for Less and Burlington are tenants at the property, which is situated on 12.3 acres. Tim Winton of Keystone’s Orange County office arranged the financing on behalf of the borrower, a private real estate investor. One of Keystone’s correspondent life company lenders provided the 36-month, high-leverage, nonrecourse loan.

Continue Reading
FacebookTwitterLinkedinEmail
800-N-Sepulveda-Blvd-Manhattan-Beach-CA
AcquisitionsCaliforniaRestaurantRetailWestern

CBRE Brokers Sales of Two Restaurant Properties in Metro Los Angeles

by Amy Works

MANHATTAN BEACH AND OXNARD, CALIF. — CBRE has arranged the sale of two restaurant properties in Manhattan Beach and Oxnard, both suburbs of Los Angeles, for a total consideration of $9.7 million. Alex Kozakov, Patrick Wade, Matthew Greenberg, Jack Webber and Bo Henderson of CBRE represented the sellers in both the transactions. In the first deal, 800 Manhattan acquired a 2,572-square-foot building at 800 N. Sepulveda Blvd. in Manhattan Beach from local private investors for $5.1 million. El Pollo Loco occupies the property and has for more than 40 years. In the second deal, a private family trust purchased a building at 110 Riverpark Blvd. in Oxnard from a private family trust for $4.6 million. McDonald’s occupies the 3,500-square-foot property, which includes a double drive thru and 27 parking spaces.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsOklahomaRetailTexas

Marcus & Millichap Arranges $3.9M Sale of Tulsa Retail Building Leased to Walgreens

by Taylor Williams

TULSA, OKLA. — Marcus & Millichap has arranged the $3.9 million sale of a 14,490-square-foot retail building in Tulsa that is leased to Walgreens. The building was originally constructed in 2002. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

Limestone Asset Management Acquires Metro Miami Retail Property Leased to LA Fitness for $13.6M

by John Nelson

DORAL, FLA. — Limestone Asset Management has acquired a single-tenant retail property in the Miami suburb of Doral for $13.6 million. LA Fitness occupies the building, which was built in 2001 and totals 37,500 square feet. Kevin Sanz of Orion Real Estate Group represented the buyer in the transaction. Alex Sharrin of JLL Capital Markets represented the undisclosed seller.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts