HURST, TEXAS — Prudent Growth Partners, a North Carolina-based private equity real estate firm, has purchased a 47,364-square-foot retail center in Hurst, located in the northern-central part of the metroplex. Melbourne Plaza, which sold for $7.8 million, was 97 percent leased to 17 tenants at the time of sale. The seller was not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $17.5 million sale of a 26,624-square-foot retail building in the Bushwick area of Brooklyn. The building at 321 Starr St. houses 10 units, and tenants include MetroRock, 48 Cypress and New York Film Lab. Shaun Riney, Michael Salvatico, Scott Plasky and Alexander Arustamanian of Marcus & Millichap represented the seller and procured the Canadian buyer in the transaction. Both parties requested anonymity.
SAN JUAN CAPISTRANO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $9.2 million sale of Rancho Ortega Plaza, a 23,122-square-foot retail strip center located in San Juan Capistrano, roughly 55 miles south of Los Angeles. Starbucks Coffee anchors the two-story property, which was 89 percent leased at the time of sale. Other tenants include Tannins Wine Bar & Restaurant, Bella Nails and Ortega Dental Care. Rancho Ortega Plaza was built in 2004 on 2.2 acres. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the seller, an Orange County, Calif.-based private investor. Michael Asarch of Asarch Commercial Endeavors represented the buyer, a Los Angeles-based private investor, in the transaction.
ALTAMONTE SPRINGS, FLA. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot, unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Last Mile Investments purchased the property from an entity doing business as REC I/Brantley Hall LP for an undisclosed price. Zack McNamara and Tyler Hicks of Franklin Street represented the buyer in the off-market transaction. Additionally, McNamara will also handle leasing efforts at the center on behalf of Last Mile Investments. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.”
MOUNT PLEASANT, S.C. — Continental Realty Corp. has signed Golf Galaxy, a golf retailer owned and operated by Dick’s Sporting Goods, to a 20,000-square-foot retail lease in metro Charleston. The retailer will open its new store, the retailer’s fourth location in South Carolina, next year at Sweetgrass Corner, a nearly 90,000-square-foot shopping center located at 1909 N. Highway 17 in Mount Pleasant. The store will carry golf equipment and apparel and feature a performance center with hitting bays, putting green, service desk, technician workshops and instructions from golf experts. Timothy Brennan of The Navigator Group and Don Lyon of GreatStreet Realty Partners represented Golf Galaxy in the lease transaction. Cherene Keenan represented Continental Realty on an internal basis. The Baltimore-based landlord inked a lease last year at Sweetgrass Corner with Trader Joe’s, which opened last fall.
PEACHTREE CITY, GA. — Trader Joe’s has opened a new 13,750-square-foot grocery store at The Avenue Peachtree City, an open-air shopping center located in Peachtree City, a southern suburb of Atlanta. The store is located at 258 City Circle and represents the first location in the city for the California-based grocer. JLL manages The Avenue Peachtree City on behalf of the owner, Memphis-based Poag Development Group. Other retailers operating at the property include Arhaus, Beignets & Brew, High Country Outfitters, HOBNOB Neighborhood Tavern, Kendra Scott, Lovesac, Moe’s Southwest Grill, Motivate Studios, Rack Room Shoes, Sephora, Ted’s Montana Grill, Warby Parker and 9292 Korean BBQ.
PASADENA, TEXAS — TakeOff Adventure Park will open a 60,000-square-foot entertainment venue at Fairmont Parkway Shopping Center in Pasadena, an eastern suburb of Houston. The space was formerly occupied by Palace Social, and the venue will feature a ninja course, foam pit, climbing walls, trampolines, arcade and party rooms. David Meyers and Alyx Penland of NewQuest represented the landlord in the lease negotiations. Cesar Miranda of KW Commercial Signature Realty represented the tenant.Construction is underway, and the opening is slated for next spring.
WESTBOROUGH, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the $10 million sale of 9 West Plaza, a 35,371-square-foot neighborhood retail center in Westborough, about 30 miles west of Boston. The center is home to tenants such as Dollar Tree, Chipotle Mexican Grill, PetMedic, Jersey Mike’s, FedEx and Smileland Pediatric Dentistry. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital represented the seller in the transaction. Will Kelleher of Kelleher Sadowsky represented the buyer. Both parties requested anonymity.
BURLINGTON, MASS. — Three new tenants have signed leases at Wayside, a 193,000-square-foot shopping center located in the northern Boston suburb of Burlington. Diamonds & Pearls by David’s Bridal is already open at the property, as is Golf Galaxy, which operates a 16,000-square-foot venue. Contemporary Japanese restaurant Hinoki will open in early 2026. Regional owner-operator Wilder Cos. manages Wayside, which is anchored by L.L. Bean and features more than 30 shops and restaurants.
RIALTO, CALIF. — NewMark Merrill Cos. has sold Rialto Village, a 92,000-square-foot shopping center located in the Inland Empire city of Rialto. NewMark Merrill, which developed and constructed the center, will continue to manage the property on behalf of the buyer, Langdon Street Capital. Chris Renard of Commercial Realty Consultants arranged acquisition financing for the deal. Reza Etedali, Ramez Barsoum and Aaron Bettencourt of REZA Investment Group represented NewMark Merrill and Langdon Street Capital, while Sandy Sigal, James Patton, Brad Pearl and Sandra Kist of NewMark Merrill oversaw the transaction. Sprouts Farmers Market anchors Rialto Village, which was fully leased at the time of sale. Other tenants at the property include Burlington, Ulta Beauty, Five Below, In-N-Out Burger, Coffee Bean, Cold Stone Creamery, Nekter Juice Bar, Sharetea, The Joint Chiropractic, Ahipoki Bowl, Arrowhead Credit Union, Taquería 2 Potrillos and Mattress Firm.