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421-Alakawa-St-Honolulu-HI
AcquisitionsHawaiiRetailWestern

Benderson Expands to Hawaii, Acquires 130,000 SF Retail Asset in Honolulu

by Amy Works

HONOLULU — Benderson Development has entered the Hawaiian market with the purchase of a retail property, currently occupied by The Home Depot, in Honolulu. Terms of the transaction were not released. Located at 421 Alakawa St., the asset consists of a 130,000-square-foot building and an adjoining two-story parking structure with more than 600 stalls. Based in Sarasota, Fla., Benderson Development is a privately held, family-owned real estate company with more than 1,000 properties totaling over 58 million square feet across 41 states.

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Lee & AssociatesLoansNew HampshireNortheastRetail

Lee & Associates Arranges $5.5M in Financing for Retail Building in Portsmouth, New Hampshire

by Taylor Williams

PORTSMOUTH, N.H. — Lee & Associates has arranged $5.5 million in financing for an 11,000-square-foot retail strip center in Portsmouth, located near the Maine-New Hampshire border. The building at 1303 Woodbury Ave. previously housed a Rite-Aid, and the undisclosed borrower plans to redevelop the building into a medical office facility. Dave Carswell and Ryan Fitzpatrick of Lee & Associates arranged the debt through First Tech Federal Credit Union. The duo originated the financing in conjunction with a $5 million acquisition loan for a retail strip center in Rumford, Rhode Island.

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AcquisitionsAlabamaRetailSoutheast

Marcus & Millichap Negotiates Sale of New Wawa-Leased Gas Station, Store in Loxley, Alabama

by John Nelson

LOXLEY, ALA. — Marcus & Millichap’s Taylor McMinn Retail Group has negotiated the sale of a newly constructed gas station and convenience store in Loxley, an eastern suburb of Mobile, Ala. Wawa occupies the retail property on a 20-year lease that features 7 percent rental increases starting in year 11 of the initial term and extension options. An investor purchased the property for an undisclosed price in a 1031 exchange all-cash from an Alabama-based development firm. Both parties requested anonymity. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the transaction. “This marks our third Wawa closing in Alabama,” says McMinn. “As the third brokerage team engaged to market the property, we drew on our platform’s reach and extensive investor network to bring the transaction to a successful close at 97 percent of list price despite challenging market conditions.”

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AcquisitionsRetailTexas

STRIVE Arranges Sale of Two Retail Strip Centers Totaling 20,000 SF in Katy, Texas

by Taylor Williams

KATY, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Peek Plaza I & II, two 10,000-square-foot retail strip centers located in the western Houston suburb of Katy. Peek Plaza I & II were completed in late 2023 and were fully leased at the time of sale. STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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Lee & AssociatesLoansNortheastRetailRhode Island

Lee & Associates Arranges $5M Acquisition Loan for Retail Strip Center in Rumford, Rhode Island

by Taylor Williams

RUMFORD, R.I. — Lee & Associates has arranged a $5 million acquisition loan for a 13,000-square-foot retail strip center in Rumford, located northeast of Providence. First Tech Federal Credit Union provided the nonrecourse loan, which was structured with a sub-6 percent interest rate and a 30-year amortization schedule. Dave Carswell and Ryan Fitzpatrick of Lee & Associates arranged the debt on behalf of the borrower, Kempner Properties, which acquired the center via a 1031 exchange.

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Keene-Plaza
AcquisitionsFloridaRetailSoutheast

MCB Real Estate Buys 81,272 SF Grocery-Anchored Shopping Center in Largo, Florida

by Abby Cox

LARGO, FLA. — MCB Real Estate has acquired Keene Plaza, an 81,272-square-foot shopping center located at 2150 E. Bay Drive in Largo, roughly 23 miles northeast of Tampa. The seller and sales price were not disclosed. Sprouts Farmers Market and BioLife Plasma Services anchor the retail property, which features a mix of additional tenants such as McDonald’s, Little Caesars, Dollar General, Hibachi Express, The Corner Skillet and Corner Wash Laundry. Renovated in 2025, recent improvements at the retail center include fresh building façades, resurfaced parking facilities, enhanced lighting, modernized retail suite interiors, updated mechanical systems and new roof installations.

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DevelopmentKentuckyRetailSoutheast

Midland Atlantic Underway on Grocery-Anchored Retail Property in Hebron, Kentucky

by Abby Cox

HEBRON, KY. — Midland Atlantic Properties is underway on construction of The Shoppes at Hebron Pointe, a 93,875-square-foot retail property located at the corner of Graves Road and Worldwide Boulevard in Hebron, about two miles south of Cincinnati/Northern Kentucky International Airport. Publix will anchor the retail property, adding to the grocer’s 10 current stores in the Bluegrass State. Other tenants at The Shoppes at Hebron Pointe will include Marshalls and Five Below, along with additional national and regional retailers. Further details of the project were not disclosed.

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Skyport-Plaza-San-Jose-CA
AcquisitionsCaliforniaOfficeRestaurantRetailWestern

TMG Partners Acquires 435,000 SF Skyport Plaza Office, Retail Complex in San Jose, California

by Amy Works

SAN JOSE, CALIF. — TMG Partners, in partnership with accounts managed by global investment firm KKR, has purchased Skyport Plaza, an office and retail complex at 1650 and 1700 Technology Drive and 50 and 90 Skyport Drive in San Jose. Terms of the acquisition were not released. In conjunction with the purchase, TMG Partners signed a long-term lease with the County of Santa Clara that, after extensive renovation of the two office buildings, is projected to commence in the first quarter of 2029 through 2059. Completed in 2001 and institutionally maintained, the 435,000-square-foot Skyport Plaza features floor plates of approximately 25,000 square feet. The property consists of two eight-story office towers totaling 393,000 square feet and two retail buildings totaling 42,000 square feet. The retail portion is 97 percent leased to a childcare facility, restaurants and cafés.

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The-Pottery-Golden-CO
ColoradoDevelopmentHospitalityMixed-UseMultifamilyOfficeRestaurantRetailWestern

AC Development Completes First Phase of 14-Acre Mixed-Use Development in Golden, Colorado

by Amy Works

GOLDEN, COLO. — AC Development, the Coor’s family development company, has completed The Pottery, an office building that is the first phase of Clayworks, a 14-acre redevelopment of the former CoorsTek ceramics manufacturing site in Golden. The project team for The Pottery includes AC Development as developer, Tryba Architects as architect and Holder Construction as general contractor. The completion of The Pottery also marks the return of CoorsTek’s global headquarters to its original location in Golden, where the company’s ceramics operation was established in 1910. The CoorsTek and AC Development teams completed their move into the 188,600-square-foot office building this month. The Pottery was created through the adaptive reuse of the former CoorsTek headquarters and manufacturing facilities with the new building incorporating historic elements, including the brick façade along Ford Street and the original kiln elements. Clayworks is transforming the former Coors industrial campus into a mixed-use neighborhood across six city blocks, with plans for office, retail, dining, public gathering areas, housing, parking and a boutique hotel that will reimagine the historic Golden High School. Sweet Bloom Coffee Roasters is the first announced retail tenant at Clayworks and is set to open on the ground floor of The Pottery later …

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AcquisitionsMidwestMissouriRetail

Rainier Cos. Disposes of 545,204 SF Summit Woods Crossing Shopping Center in Metro Kansas City

by Kristin Harlow

LEE’S SUMMIT, MO. — The Rainier Cos. has sold Summit Woods Crossing, a 545,204-square-foot shopping center in Lee’s Summit, about 20 miles southeast of Kansas City. Acquired by Rainier in May 2022, Summit Woods Crossing is located at the southwest corner of I-470 and U.S. Route 50. The property is shadow anchored by SuperTarget and co-anchored by Lowe’s and Kohl’s. Tenants include Best Buy, Michaels, Petco, TJ Maxx, Total Wine, Ulta Beauty and Old Navy. The buyer and sales price were not disclosed.

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