Tuesday, August 26, 2025
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Retail

124-22-Queens-Blvd-NYC
Mixed-UseMultifamilyNew YorkNortheastOfficeRetail

Besen & Associates Brokers $6.5M Property Sale for Mixed-Use Project in Queens

by Amy Works

NEW YORK CITY — Besen & Associates has brokered the sale of a commercial property located 124-22 Queens Blvd. in the Kew Gardens district of Queens. The property sold for $6.5 million, or $664 per existing square foot and $154 per buildable square foot. Built in 1948, the two-story building consists of two ground-floor retail spaces and two office spaces on the upper floor. The buyer plans to demolish the existing structure and construct a mixed-use development, including residential, retail and office space, on the site. Amit Doshi of Besen & Associates represented the seller, while Ronnie Shaban, also of Besen & Associates, represented the buyer in the transaction. The names of the seller and buyer were not released.

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New YorkNortheastRetail

Silvershore Properties Sells 4,500 SF Retail Property in Soho for $9.6M

by Amy Works

NEW YORK CITY — Silvershore Properties has sold a retail building located at 19 Howard St. in New York City’s Soho district. Ribo International Commerce LLC acquired the two-story 4,500-square-foot property for $9.6 million. The buyer plans to use the building, which was delivered vacant, for the first U.S. location of Taoray Wang, an upscale Chinese fashion company. Robert Burton of Cushman & Wakefield represented Silvershore Properties in the transaction.

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MidwestOhioRetail

Oberer Cos. Sells 81,438 SF Shopping Center Near Miamisburg, Ohio

by Jonathan Mehall

MIAMISBURG, OHIO — Oberer Cos. has completed the sale of the 81,438-square-foot Home Center shopping center located on SR 725 in Washington Township near  Miamisburg. The price was not disclosed. Oberer had owned the 81,438-square-foot property since 1995 when it bought the property at auction. The combination of falling market capitalization rates and strong investor demand led the partnership owners to conclude that the timing was right to cash in on the long held asset. The retail center contains stores such as Hauer Music, Bargo’s Grill & Tap, Pour Haus and Creative Images. Hutchins Commercial Realty represented the undisclosed buyer in the transaction. Oberer Realty Services and Marcus Millichap represented the undisclosed seller in the transaction.

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Glen Ellyn.
IllinoisMidwestRetail

Adelphia Brokers Sale of 3,400 SF Retail Building in Glen Ellyn, Ill.

by Jonathan Mehall

GLEN ELLYN, ILL. — Adelphia Properties has brokered the sale of a 3,400-square-foot freestanding retail building in Glen Ellyn. The vacant building is located on three-quarters of an acre at 369 Roosevelt Road in Glen Ellyn, 27 miles west of Chicago. The property sold for $750,000. Adelphia Properties’ Simeon Spirrison represented the seller, a private investor. George Spirrison of Adelphia represented the private buyer.

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RetailTexas

Planet Fitness Opens New Location in Metro Dallas

by Haisten Willis

HALTOM CITY, TEXAS — Planet Fitness has leased 19,488 square feet of space in Haltom Commons Shopping Center, located at 3316 Denton Highway, for a new location. Greg McDonald, CCIM, of The Weitzman Group handled negotiations for the landlord. Ryan Jordan and Tyler Grisham of Edge Realty Partners represented the tenant. Kroger anchors Haltom Commons.

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Native Sun Natural Foods Market Jacksonville Beach
FloridaRetailSoutheast

Native Sun Natural Foods to Open New Store in Jacksonville Beach

by John Nelson

JACKSONVILLE BEACH, FLA. — Native Sun Natural Foods Market, an organic grocery chain based in Jacksonville, will open a new store at the corner of 3rd Street and 15th Avenue North in Jacksonville Beach in September. The new store will anchor North Beach Village, a 20,604-square-foot shopping center leased to tenants such as El Potro Mexican Restaurant and Philly’s Finest Cheesesteaks. Native Sun has begun hiring and expects to employ roughly 50 positions. The Jacksonville Beach store will be the grocer’s third location.

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HospitalityLoansMixed-UseMultifamilyNew YorkNortheastOfficeRetail

Eastern Consolidated Arranges $42M Acquisition Loan for Development Site in Queens

by Amy Works

NEW YORK CITY — Eastern Consolidated has arranged a $42 million bridge loan for the acquisition of a development site located at 131-01 39th Ave. in the Flushing neighborhood of Queens. The borrower, Triple Star Realty, acquired the former Assi Plaza supermarket location for more than $90 million. Triple Star Realty plans to raze the existing structures and develop a 631,752-square-foot mixed-use complex. The waterfront property will feature a 360-unit residential space, a 200-room hotel, retail space, a supermarket, general and medical office space and parking. Jonathan Aghravi, Charles Han, Ben Tapper and Tripp Lyons of Eastern Consolidated arranged the financing for the borrower.

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Wallington-NJ
LoansNew JerseyNortheastRetail

NorthMarq Capital Finalizes $16M Refinance for Wallington Plaza in New Jersey

by Amy Works

WALLINGTON, N.J. — NorthMarq Capital has arranged $16 million in refinancing for Wallington Plaza, a retail property located at 375 Paterson Ave. in Wallington. ShopRite Supermarket is the major tenant at the 92,823-square-foot retail property. Robert Ranieri of NorthMarq Capital arranged the ground-lease financing, which features a seven-year term and 30-year amortization schedule, through a regional bank. The borrower was not released.

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