Wednesday, June 3, 2026
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KentuckyNorth CarolinaRetailSouth CarolinaSoutheast

Phillips Edison Sells Five Shopping Centers Totaling 583,000 SF in Southeast, Midwest

by John Nelson

CINCINNATI — Cincinnati-based Phillips Edison & Co. has sold five shopping centers totaling 583,000 square feet to Albanese Cormier Holdings for an undisclosed price. The portfolio includes Quincy Plaza, a 141,816-square-foot, Hobby Lobby-anchored shopping center located in Ottumwa, Iowa; Kokomo Plaza, an 89,414-square-foot shopping center anchored by Ollie’s Bargain Outlet and Vendor City Antiques in Kokomo, Ind.; Catawba Village, a 59,463-square-foot, Goodwill-anchored shopping center located in Newton, N.C.; Lakeside Shopping Center, a 184,579-square-foot property anchored by Big Lots, Save-A-Lot, Citi Trends and Family Dollar in Anderson, S.C.; and Louisa Plaza, a 108,065-square-foot shopping center anchored by Goody’s and Family Dollar in Louisa, Ky. Eric Wohl of Hanley Investment Group served as an advisor for the transaction.

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AlabamaRetailSoutheast

The Shopping Center Group Arranges Leases for Academy Sports, PetSmart in Northwest Alabama

by John Nelson

FLORENCE, ALA. — The Shopping Center Group has arranged leases for Academy Sports + Outdoors and PetSmart this fall at Florence Square in Florence. The 63,000-square-foot Academy Sports and 18,500-square-foot PetSmart will replace a former Kmart at the property this fall. Other tenants at Florence Square include T.J. Maxx, Essex Bargain Hunt, Tuesday Morning, The UPS Store, Cici’s Pizza and H&R Block. Outparcel tenants include Wells Fargo and Bojangles. The owner, a joint venture between Triangle Capital Group and Arcadian Cap Group LLC, is planning a $15.3 million redevelopment of the 241,000-square-foot center. The ownership has engaged Mobile, Ala.-based Delaney Property Group LLC to co-develop the remerchandising.

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CVS-Medford-MA
MassachusettsNortheastRetail

Linear Retail Acquires Retail Property in Medford, Massachusetts, for $4.7M

by Amy Works

MEDFORD, MASS. — Linear Retail has purchased a retail property, located at 85 High St. in Medford, from Case Real Estate Capital for $4.7 million. CVS/pharmacy occupies the 15,700-square-foot property, which was built in 1996. Geoffrey Millerd, Justin Smith, Paul Penman and Matthew Waisnor of NGKF Capital Markets represented the seller in the deal.

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RetailTexas

Stratus Properties Closes $114M Sale of Retail Space in Greater Austin

by Taylor Williams

LAKEWAY, TEXAS — Stratus Properties Inc. has completed the sale of The Oaks at Lakeway, an HEB Grocery Company L.P.-anchored, 236,739-square-foot retail development located in Lakeway, a city in the Lake Travis community of metro Austin. The buyer, FHF I Oaks at Lakeway LLC, purchased the property for a cash price of $114 million. At the time of sale, Stratus owned 100 percent of the property, which it acquired and developed between May 2013 and September 2014. The sale excludes 34.7 acres of tracts within the development that have been zoned for residential, hotel and civic uses.

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RetailTexas

Bright Realty Arranges Lease for Brewery in Lewisville

by Taylor Williams

LEWISVILLE, TEXAS — Bright Realty has facilitated a lease for a new craft brewery in the Castle Hills Village Shops, located at 2560 King Arthur Blvd in Lewisville, a suburb about 25 miles northwest of downtown Dallas. TKO Libations, which anticipates opening this location in the summer, will sell both its own and its competitors’ beverages out of the 2,810-square-foot space while also offering numerous TVs and a variety of games. Jack Allen of Wellington Realty represented the tenant in the deal.

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RetailSoutheastVirginia

Morgan Property Group to Develop Publix-Anchored Shopping Center Near Richmond

by John Nelson

MECHANICSVILLE, VA. — Morgan Property Group has purchased roughly 18 acres of land in Mechanicsville, about six miles northeast of Richmond, for the development of a new grocery-anchored shopping center with an outparcel. Publix will occupy about 50,000 square feet of the 63,000-square-foot property, which is situated along Mechanicsville Turnpike adjacent to Regency Centers’ Hanover Village. Zach Means of Divaris Real Estate Inc. represented the buyer in the land transaction, and Tred Spratley of Sigma National Inc. represented the seller. Morgan Property Group has selected Means to lease the project. Construction is expected to start in late summer, with an opening slated for fall 2018. This will be Morgan Property’s 31st development in Virginia since 2004 and its 11th retail project in the greater Richmond area.

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CaliforniaLoansRetailWestern

Sterling Organization Receives $12.1M in Acquisition Financing for Retail Building in Beverly Hills

by Nellie Day

BEVERLY HILLS, CALIF. — Sterling Organization has received $12.1 million in financing for the acquisition of a vacant 4,700-square-foot retail building located on North Beverly Drive in Beverly Hills. Marc Schillinger, Chris Drew and Ryan Ash of HFF worked on behalf of the borrower to place the non-recourse, fixed-rate loan at $2,583 per-square-foot.

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OfficeRetailTexas

Coldwell Banker Secures Sale of Former Star-Telegram Plaza in Arlington

by John Nelson

ARLINGTON, TEXAS — American Motorcycle Trading Co., a supplier of pre-owned motorcycles, has acquired the former Star-Telegram Plaza, a two-story, 37,800-square-foot building at 3201 Airport Freeway in Arlington. At the time of sale, the property, which includes both office and retail space, had been vacant for a full year. Renee Efimoff represented the buyer of record, B&B Family Partnership, while Greg Hoffman of Colliers International represented the seller, Aberfeldy Properties Inc., a Delaware-based corporation.

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79-E-Putnam-Ave-Greenwich-CT
ConnecticutNortheastOfficeRetail

Houlihan-Parnes Realtors Secures $3.2M Loan for Retail, Office Building in Connecticut

by Amy Works

GREENWICH, CONN. — Houlihan-Parnes Realtors has arranged a $3.2 million first mortgage for a retail and office building located at 79 E. Putnam Ave. in Greenwich. Christie Houlihan of Houhlian-Parnes secured the financing for the undisclosed borrower. The non-recourse loan has a fixed interest rate for seven years. The 20,000-square-foot building was fully leased at the time of financing.

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FloridaLoansRetailSoutheast

NorthMarq Arranges $4M Refinancing of Grocery-Anchored Retail Property in Metro Tampa

by John Nelson

BRANDON, FLA. — NorthMarq Capital has arranged the $4 million refinancing of Lithia Square, a 69,007-square-foot, grocery-anchored retail property located at 901-927 Lithia Pinecrest Road in Brandon, about 12 miles east of Tampa. Walmart Neighborhood Market is on a ground lease at the property, and Walmart owns the building. Robert Hernandez of NorthMarq Capital’s Tampa office arranged the 10-year loan with a 30-year amortization schedule through a national CMBS lender.

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