Thursday, July 17, 2025
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Retail

Leasing ActivityRetailSoutheastVirginia

Planet Fitness to Open New Gym at Stony Point Village in Richmond

by John Nelson

RICHMOND, VA. — Planet Fitness has leased 17,476 square feet at Stony Point Village, a 114,422-square-foot shopping center located at 3000-3096 Stony Point Road in Richmond. The fitness chain expects to open the new location, its fifth in the Richmond market, this winter. Nicki Jassy of Cushman & Wakefield | Thalhimer represented Planet Fitness in the lease negotiations. James Ashby IV, also with Thalhimer, represented the unnamed landlord. In addition to the new Planet Fitness, Stony Point Village’s tenant roster includes Trader Joe’s, Good Foods Grocery, Gelati Celesti and Einstein Bros. Bagels.

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Leasing ActivityNew YorkNortheastRetail

Advance Auto Parts Signs 7,000 SF Retail Lease on Long Island

by Taylor Williams

LEVITTOWN, N.Y. — Advance Auto Parts has signed a 7,000-square-foot retail lease at Levittown Mews Shopping Center on Long Island. Robert Delavale of Breslin Realty represented the landlord in the lease negotiations. The representative of the tenant was not disclosed. Other tenants at Levittown Mews include Walmart Neighborhood Market, Ulta Beauty, America’s Best Contacts & Eyeglasses, Lane Bryant and European Wax Center.

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AcquisitionsColoradoRetailWestern

Blue West Capital Arranges $5.3M Sale of Used Car Lot in Lakewood, Colorado

by Amy Works

LAKEWOOD, COLO. — Blue West Capital has negotiated the sale of a 1.6-acre redevelopment site at 5991 W. Colfax Ave. in Lakewood. An undisclosed national development acquired the property from a used car dealer for $5.3 million. Located three miles west of downtown Denver, the site was previously used as a used car dealership for 18 years. The seller discontinued operations and vacated the property prior to closing. Brandon Gayeski of Blue West Capital represented the seller, while Carly Kelly (Gallagher) of Blue West Capital, represented the buyer in the deal.

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AcquisitionsRetailTexas

National Asset Services Arranges Sale of 30,038 SF Retail Property in Metro Houston

by Taylor Williams

BAYTOWN, TEXAS — Los Angeles-based brokerage firm National Asset Services has arranged the sale of a 30,038-square-foot retail property in the eastern Houston suburb of Baytown. The property was built in 2005 and is fully leased to electronics retailer Best Buy. National Asset Services represented the buyer in the transaction. Mark Raines, Donna Kolias and Pierce Owens of JLL represented the seller. Both parties requested anonymity.

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AcquisitionsNortheastRetailRhode Island

Marcus & Millichap Arranges Sale of 42,200 SF Retail Property in Westerly, Rhode Island

by Taylor Williams

WESTERLY, R.I. — Marcus & Millichap has arranged the sale of Spindrift Village, a 42,200-square-foot retail property located in the coastal Rhode Island city of Westerly. The sales price was $3.4 million. The property consists of two adjacent parcels totaling four acres that house a multi-tenant strip center and a pad site. Adam Cohen and Brett Kilar of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

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AcquisitionsCaliforniaNet LeaseRetailWestern

SBH Real Estate Group Sells 7-Eleven-Occupied Property in Gardena, California for $6.9M

by Amy Works

GARDENA, CALIF. — SBH Real Estate Group has completed the disposition of a commercial property located at 3121 Marine Ave. in Gardena. Masuda Investments acquired the asset for $6.9M. 7-Eleven occupies the building on a 15-year corporate ground lease. The asset includes a 3,000-square-foot convenience store and six gas station islands. The tenant opened for business in early 2022. Jeremy McChesney of Hanley Investment represented Eric Silverman of SBH Real Estate Group, while Trevor Morse and Chris Kostanecki of CPPRE represented the buyer in the deal.

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AcquisitionsFloridaRetailSoutheast

IPA Arranges $22.3M Sale of Grocery-Anchored Shopping Center in Plantation, Florida

by John Nelson

PLANTATION, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the $22.3 million sale of Plantation Crossings, a 70,369-square-foot shopping center located in the South Florida city of Plantation. Kirk Olson and Drew Kristol of IPA, along with Barry Wolfe of Marcus & Millichap, represented the seller, an entity doing business as Plantation Crossings LLC, and procured the buyer, Azora Exan – USA, in the transaction. The property was developed in 1999 and is home to tenants including Aldi, My Salon Suite, Sherwin-Williams, Concentra Health, Fitness System and Family Eye Center.

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Plaza-del-Sol-Del-Rio-Texas
Leasing ActivityRetailTexas

Levcor Welcomes Five New Tenants to Shopping Center in Del Rio, Texas

by Taylor Williams

DEL RIO, TEXAS — Houston-based developer Levcor has welcomed a quintet of new tenants to Plaza Del Sol, a shopping and dining destination in Del Rio, located west of San Antonio near the Texas-Mexico border. Retailers Ulta Beauty and Burlington have respectively committed to 5,789 and 36,258-square-foot spaces, and the former’s store is now officially open. Food-and-beverage users that have joined the tenant roster include McAlister’s Deli (2,882 square feet), Papa John’s (1,432 square feet) and Arby’s (2,252 square feet).

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DevelopmentMichiganMidwestRetail

Gillespie Group to Redevelop Former Sears Property in Lansing, Michigan

by Kristin Harlow

LANSING, MICH. — Gillespie Group has unveiled plans to redevelop a former Sears Roebuck location at 3131 E. Michigan Ave. in Lansing. The property is being marketed as ROECO, a retail and entertainment destination. Specific redevelopment plans have yet to be finalized. The name ROECO is a nod to Sears Roebuck, which occupied the property for 66 years. Most recently, Sparrow Health System utilized the site for COVID testing. Gillespie Group is working with CBRE to secure retailers, restaurants and entertainment concepts for the redevelopment project. The timeline and final product mix are subject to change.

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12650-Day-St-Moreno-Valley-CA
AcquisitionsCaliforniaRetailWestern

Gateway Co. Sells 13,000 SF Retail Building at Towngate Promenade in Moreno Valley, California

by Amy Works

MORENO VALLEY, CALIF. — Gateway Co. has completed the disposition of a retail building at the Towngate Promenade in Moreno Valley. A private party acquired the asset for $2.8 million. The buyer will use the 13,000-square-foot building to accommodate a Kids Empire franchised location. Kids Empire encourages healthy, happy active play for children of all ages and features age-appropriate play structures, climbing walls, slides and rides. Headquartered in Southern California, Kids Empire currently has more than 30 locations in 10 states across the country. Located at 12650 Day St., the Kids Empire indoor playground location is slated to open in 2023. Pablo Velasco and Albert Lopez of Progressive Real Estate Partners represented the seller in the deal.

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