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75-W.-Huron-St.-Buffalo
AcquisitionsCivicLee & AssociatesNew YorkNortheastRetail

Lee & Associates Brokers $33.2M Sale of Buffalo Academic Building

by Taylor Williams

BUFFALO, N.Y. — Lee & Associates has brokered the $33.2 million sale of a 102,000-square-foot academic building located at 75 W. Huron St. in Buffalo. The Buffalo School of Culinary Arts & Hospitality Management occupies the entirety of the seven-story building, which was originally built in the late 19th century as a horse livery and was later used as a multi-story parking garage before being transformed into a school. Dave Carswell and Ben Tapper of Lee & Associates represented the seller, locally based firm McGuire Development Co., in the transaction. Carswell also assisted the buyer, Mercer Street Partners, in securing acquisition financing for the deal.

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Whole-Foods-Market-Crystal-City-Daily-Shop-Exterior
DevelopmentRetailSoutheastVirginia

Whole Foods Market Daily Shop Opens Fourth Location in Arlington, Virginia

by Abby Cox

ARLINGTON, VA. — Whole Foods Market Daily Shop, the grocer’s smaller format retail concept, has opened its fourth location in the Crystal City neighborhood of Arlington. The grocery store spans 10,000 square feet of retail space, which makes it the largest Whole Foods Market Daily Shop to open and the first location to open outside of New York City. The store features more than 250 local items from the broader Washington, D.C., Maryland and Virginia (DMV) areas. The Arlington store officially opened on Thursday, Oct. 23. Information about the landlord was not released. 

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Echo-Park-Village-Los-Angeles-CA
AcquisitionsCaliforniaRetailWestern

IPA Brokers Sale of 21,876 SF Echo Park Village Retail Center in Los Angeles

by Amy Works

LOS ANGELES — Institutional Property Advisors (IPA) has brokered the sale of Echo Park Village, a 21,876-square-foot retail center located in the Los Angeles neighborhood of Echo Park. The buyer is Optimus Properties LLC. Built in 1921 and renovated in 2019, tenants at the property include Gra Pizzeria, Clark Street Bread, One Down Dog yoga studio, Butchr Bar, The Strength Shoppe, Henrietta and A Good Used Book. Echo Park Village was 78 percent leased at the time of sale. IPA represented the seller.

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Tower-Plaza-Commercial-Center-Yucaipa-CA
AcquisitionsCaliforniaHealthcareOfficeRestaurantRetailWestern

Progressive Real Estate Partners Arranges $7M Sale of Tower Plaza Commercial Center in Yucaipa, California

by Amy Works

YUCAIPA, CALIF. — Progressive Real Estate Partners has negotiated the sale of Tower Plaza Commercial Center, a retail and office property located at 34590-34664 County Line Road in Yucaipa. Greg Bedell of Progressive Real Estate Partners represented the seller, a private Inland Empire-based investor and the original developer of the property, while Tricia Cerda of REMAX Redlands represented the buyer, an Inland Empire-based private investor. Built in 1995, Tower Plaza Commercial Center offers 39,422 square feet of commercial space spread across three buildings. At the time of sale, the property was fully occupied by 27 tenants, including food, healthcare, beauty, finance, office and retail users. The units range in size from 240 square feet to 2,200 square feet.

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AcquisitionsIllinoisMidwestRetail

Pegasus Arranges $3.2M Sale of Chatham Plaza Retail Property in Chicago

by Kristin Harlow

CHICAGO — Pegasus, in cooperation with ParaSell Inc., has arranged the $3.2 million sale of Chatham Plaza, a fully occupied, four-tenant retail strip center positioned within Chatham Market in Chicago. Tenants include Athletico, H&R Block and UPS. The property totals 9,610 square feet, and the weighted average lease term is six years. Katherine Weaver of Pegasus represented the seller, a private fund based in Chicago. The buyer was a Texas-based private fund. The sales price represented a cap rate of 8.5 percent.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 43,736 SF Shopping Center in Wichita Falls, Texas

by Taylor Williams

WICHITA FALLS, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Call Field Crossing, a 43,736-square-foot shopping center in Wichita Falls, located about 115 miles northwest of Fort Worth. The center was 88 percent leased at the time of sale to tenants such as Jersey Mike’s Subs and Crab Kingdom. Will Schubert and Jennifer Pierson of STRIVE represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.

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North Port Village
AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers $10.8M Sale of North Port Village Retail Center in Florida

by Abby Cox

NORTH PORT, FLA. — Marcus & Millichap has brokered the $10.8 million sale of North Port Village, a 66,083-square-foot neighborhood retail center located at 14255 S. Tamiami Trail in North Port, roughly 35 miles south of Sarasota, Fla. Planet Fitness anchors the property, which was fully leased at the time of sale. Additional tenants include Humana, NAPA Auto Parts and Do The Beach adventure park. North Port Village was originally built in 1989 on nearly 11 acres. Clayton Brown, Luke Holsinger and Ruthanne Loar of Marcus & Millichap’s Seattle office procured the buyer, a Seattle-based private investor, in the transaction. Drew Kristol and Kirk Olson, also with Marcus & Millichap, represented the seller, a South Florida-based real estate investment firm.

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the-collection-at-forsyth
GeorgiaLeasing ActivityRetailSoutheast

JLL Signs Four New Tenants to Join The Collection at Forsyth in Cumming, Georgia

by Abby Cox

CUMMING, GA. — JLL has signed four new tenants to join The Collection at Forsyth, a 565,000-square-foot, open-air mixed-use lifestyle center located in Cumming, a northern suburb of Atlanta. Build-A-Bear Workshop is already open at the property, while Rocket Fizz Soda Pop & Candy Shop is set to open by Halloween. Pickleball membership club The Picklr is scheduled to open in November. Meanwhile, children’s interactive play concept Giggle Town recently signed a 7,118-square-foot lease to open its own space at the center. Existing tenant Dermani Medspa has relocated to a larger 3,142-square-foot space at the center while Dental Town, a pediatric dentist, also plans to expand its footprint at the property. Sherri Wilson of JLL led leasing negotiations on behalf of the landlord, CTO Realty Growth Inc. Situated at the intersection of Ga. Highway 400 and Peachtree Parkway, The Collection at Forsyth features a variety of national and local retailers, restaurants and a movie theater, including Academy Sports + Outdoors, Barnes & Noble, Victoria’s Secret, AMC Theatres, J. Crew Factory, Pandora and Sephora. JLL has handled leasing and repositioning at the property since 2023.

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KansasLeasing ActivityMidwestRetail

Made in KC to Open at Oak Park Mall in Overland Park, Kansas

by Kristin Harlow

OVERLAND PARK, KAN. — Made in KC, a retailer selling local goods, gifts and apparel, will open at Oak Park Mall in the Kansas City suburb of Overland Park. The deal marks the brand’s 11th location in metro Kansas City. David Block of Block & Co. Inc. Realtors represented the tenant, which provides a platform for 200 local artists, designers and makers to reach customers throughout Kansas City and across the country. The new store at Oak Park Mall will span 1,560 square feet on the upper level closest to Dillard’s. The store is expected to open soon and will occupy the former Nine Leather & Watches space.

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Sky Three Residences Club
DevelopmentMultifamilyNew YorkNortheastRetailTop Stories

Cammeby’s, Rybak Development Deliver 1 MSF Luxury Apartment Community in Brooklyn’s Coney Island

by Abby Cox

NEW YORK CITY — Cammeby’s International Group, in partnership with Rybak Development, has unveiled Sky Three Residences Club, a 1 million-square-foot luxury apartment community located in Brooklyn’s Coney Island neighborhood. Leasing has begun for the development, with move-ins expected to begin on Saturday, Nov. 1. The three-tower community was constructed as part of the two-phase Neptune/Sixth development plan, which joins a new retail strip that was built during Phase I. Sky Three Residences Club now anchors South Brooklyn’s West Brighton district. “Cammeby’s and its partners have consistently maintained and reinvigorated the retail offerings to ensure a walkable and vibrant neighborhood,” says a company spokesperson for Cammeby’s International. “With leasing at Sky Three underway, we’re proud to welcome residents to a reimagined West Brighton and to a community setting exceptional standards.” Sky Three features 499 apartment units in studio, one-, two- and three-bedroom floorplans, ranging in size from 500 to 1,000 square feet, according to Apartments.com. Monthly rental rates begin at $3,100. The project team included Zproekt Architecture and interior designer Durukan Design, as well as Tier 2 Landscape Architecture for the project’s exterior landscaping. The development offers more than 100,000 square feet of indoor and outdoor amenities, including an Olympic-size swimming …

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