RICHARDSON, TEXAS — Edge Capital Markets has arranged the sale of Promenade North Plaza, a 59,355-square-foot shopping center located in the northeastern Dallas suburb of Richardson. Built in 1979, the center consists of six building on a 4.3-acre site. Brandon Beeson and John David Cobb of Edge represented the undisclosed seller in the transaction. Promenade North Plaza was 93 percent leased at the time of sale.
SAN DIEGO — San Diego-based Jack in the Box has entered into a definitive agreement to sell Del Taco Holdings, a wholly owned subsidiary of the company which operates and franchises more than 550 Del Taco restaurants, to Yadav Enterprises for $115 million. Yadav Enterprises operates more than 310 franchise restaurants, including Jack in the Box, Denny’s and TGI Friday’s. Yadav Enterprises also owns the Taco Cabana brand, a fast-casual, Tex-Mex restaurant chain consisting of 150 locations, and Nick the Greek, a fast-casual, Greek restaurant chain consisting of 90 locations. The transaction is expected to close by January 2026. The company expects to use the net cash proceeds after taxes and transaction costs to retire debt within its securitization structure. In line with the company’s “Jack on Track” plan announced in April, the sale of Del Taco allows for the strengthening of the company’s balance sheet and initiates the return of Jack in the Box to a “simpler, asset-light business model,” according to a release. BofA Securities Inc. is serving as exclusive financial advisor to Jack in the Box and Sullivan & Cromwell LLP is serving as its legal counsel in the transaction. Yadav Enterprises is represented by its general counsel, Steven …
RANCHO CORDOVA, CALIF. — McNellis Partners has completed the sale of Cordova Village, a grocery-anchored retail center in Rancho Cordova, to a foreign private investor for $20.2 million. Located at 10605-10635 Folsom Blvd., Cordova Village features 60,617 square feet of retail space spread across three single-tenant buildings on 7.2 acres with 705 feet of Folsom Boulevard frontage. The property is fully leased to national credit tenants, including Safeway, Safeway Fuel Center and Bank of America. Eric Kathrein, Gleb Lvovich and Jeff Cicurel of JLL Capital Markets represented the seller in the deal.
PLAQUEMINE, LA. — Legacy Realty Group Advisors has negotiated the sale of Belleview Shopping Center, an 84,146-square-foot retail center located in Plaquemine, roughly 14 miles south of Baton Rouge. Rouses Supermarkets anchors the property. Additional tenants include Dollar General, Citi Trends, Hibbett Sports and AT&T. Belleview Shopping Center was built in 1992 on 7.5 acres. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented the buyer in the transaction, while Zach Taylor and Eric Abbott of Marcus & Millichap represented the seller.
SALISBURY, N.C. — First National Realty Partners (FNRP) has purchased Salisbury Marketplace, a grocery-anchored shopping center located in the Charlotte suburb of Salisbury. A 31,762-square-foot Food Lion anchors the property, which also houses Citi Trends, Family Dollar and Cricket Wireless. The property offers 9,300 square feet of contiguous vacancy, according to FNRP. Tom Kolarczyk of JLL represented the undisclosed seller in the transaction. The sales price was also not disclosed.
By Taylor Williams DALLAS — As a metroplex, Dallas-Fort Worth (DFW) has the physical sprawl, population density, pace of job growth and volume of housing development to fairly be labeled as one of the biggest consumer markets in the country, on par with New York City and Los Angeles. It’s the extent to which affordability has matured in New York City and Los Angeles that marks the key difference between DFW and the coastal behemoths. Aside from rental housing, no asset class within commercial real estate captures a given market’s affordability better than retail. Retail rents in the most sought-after corridors and districts of New York City and Los Angeles seemingly have no ceiling, and that is reflected in the prices of the products and services that are dispensed from those spaces. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. It’s fair to assume that for most households that have relocated from the coasts to DFW, housing and jobs have been the most decisive factors. Yet retail spending does account for a good chunk of the average family’s disposable …
RICHMOND, TEXAS — JLL has arranged the sale of a 23,256-square-foot grocery store building in Richmond, located southwest of Houston, that is occupied by Sprouts Farmers Market. The newly constructed building is located within Waterview Town Center, a 143-acre mixed-use development. JLL represented the seller, metro Nashville-based GBT Realty, in the deal. JRW Realty represented the buyer, Southern California-based ExchangeRight.
LAWRENCEVILLE, N.J. — Marcus & Millichap has negotiated the $11.3 million sale of Village Square Plaza, a 53,077-square-foot retail property located in the Central New Jersey community of Lawrenceville. First Bank anchors the property, which was built on a 7.7-acre site in 1990 and was 97 percent leased at the time of sale. Additional tenants include Kumon, Eastern Dental and Princeton Brain & Spine. Alan Cafiero and Brent Hyldahl of Marcus & Millichap represented the undisclosed seller in the transaction.
LEXINGTON, S.C. — Marcus & Millichap has brokered the $7.2 million sale of Hope Ferry Center, a 51,749-square-foot retail center located in the Columbia suburb of Lexington. Built in 2001 on 3.5 acres, Hope Ferry Center was leased to 23 tenants at the time of sale, including McAlister’s Deli, Learning Express Toys, Snip-Its, Blush Boutique, Tulip Boutique and Regional Finance. Harrison Creason and Andrew Margulies of Marcus & Millichap represented the seller, a local family partnership that owns and manages shopping centers throughout the Southeast. The property has been under single ownership since construction.
AZUSA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the sale of a newly renovated single-tenant restaurant property at 843 Arrow Highway in Azusa. Los Angeles-based California Icon LLC sold the asset to Glendale, Calif.-based MTSA Properties for $4.3 million. The 3,800-square-foot Starbucks Coffee-occupied building was originally constructed in 1970 and renovated in 2025 to meet the company’s newest prototype. The property features a café with interior seating, a patio and a drive-thru. The asset is secured by a new long-term absolute triple-net lease with minimal landlord responsibilities, according to Bill Asher of Hanley Investment Group. Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Sheila Alimadadian of Marcus & Millichap represented the buyer in the deal.