Friday, November 21, 2025
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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Facilitates $13.2M Sale of Market Square Shopping Center in Fort Myers

by John Nelson

FORT MYERS, FLA. — Marcus & Millichap has arranged the sale of Market Square, a 65,688-square-foot shopping center in Fort Myers, for $13.2 million. Jim Shiebler, James Medefind and James Garner of Marcus & Millichap represented the undisclosed seller and procured the buyer, a New Jersey-based private investor. Located on 14.9 acres at 13741 S. Tamiami Trail, the center is 1.5 miles from Florida Southwestern State College. Tenants at the property, which was built between 2004 and 2006, include Michaels, World Market, Petco, Dollar Tree and Barnes & Noble.

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DevelopmentGeorgiaLeasing ActivityRetailSoutheast

Savi Provisions Opens New Grocery Store in Metro Atlanta

by John Nelson

MILTON, GA. — Savi Provisions, an Atlanta-based boutique grocer, has opened a new location at Crapapple Market in Milton, roughly 30 miles north of Atlanta. Located at 12630 Crabapple Road, the store opened on Saturday, Dec. 10 and features the main grocery store (3,644 square feet) and a liquor market (983 square feet). Founded in 2009, Savi offers prepared foods such as sandwiches and salads in addition to organic groceries, wine, spirits and coffee.

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AcquisitionsRetailTexas

Dunhill Partners Acquires 206,284 SF Northcross Shopping Center in Victoria, Texas

by Taylor Williams

VICTORIA, TEXAS — Dallas-based investment firm Dunhill Partners has acquired Northcross Shopping Center, a 206,284-square-foot retail property in Victoria, about 100 miles north of Corpus Christi. At the time of sale, the center was 91 percent leased to tenants such as Ashley Furniture, Office Depot, Tuesday Morning, Dollar General and Dollar Tree. Adam Howells, George Cushing, Matthew Barge and Cole Sutter of JLL represented the undisclosed, Dallas-based seller in the transaction.

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AcquisitionsCaliforniaRestaurantRetailWestern

Progressive Real Estate Brokers Sales of Two Retail Pad Buildings in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Progressive Real Estate Partners has arranged the sales of two adjacent single-tenant retail properties that. Private investors acquired the properties in separate deals for a combined total of $4.2 million. Greg Bedell of Progressive Real Estate Partners represented the Los Angeles-based seller for both transactions. The transactions are: The $2.1 million, or $920 per square foot, sale of 3940 University Avenue. Plant Power, a fast-casual drive-thru restaurant with patio, occupies the 2,250-square-foot building. The $2.1 million, or $614 per square foot, sale of 3980 University Avenue. Richie’s Hot Chicken and Carlo’s Tijuana Tacos are tenants at the 3,500-square-foot building.

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AcquisitionsRetailSoutheastTennessee

Matthews Facilitates $8.4M Sale of Nashville Retail Center

by John Nelson

NASHVILLE, TENN. — Matthews Real Estate Investment Services has brokered the sale of a 10,656-square-foot shopping center located at 6700 Charlotte Pike in Nashville, about six miles outside of the city’s downtown district. The property is currently under construction and is fully preleased to tenants including Chase Bank, Pacific Dental Services and Sleep Outfitters, all of which are on 10-year leases. Hutt Cooke and Clay Smith of Matthews represented the seller, a partnership of five individual investors, in the $8.4 million, all-cash transaction. An undisclosed private investor acquired the property in a 1031 exchange.

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KentuckyLoansRetailSoutheast

Northmarq Arranges $3M Refinancing of Shopping Center in Bardstown, Kentucky

by John Nelson

BARDSTOWN, KY. — Northmarq’s Louisville office has secured the $3 million refinancing of Wilson & Muir Plaza, a 63,598-square-foot retail center located at 100 W. John Rowan Blvd. in Bardstown, roughly 40 miles southeast of Louisville. Randall Waddell of Northmarq negotiated a blended interest rate of 4.9 percent fixed over a 19-year term on behalf of the undisclosed borrower. A new anchor tenant — Marshalls — recently opened at the property.

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AcquisitionsMidwestOhioRetail

Marcus & Millichap Arranges $10.6M Sale of Shopping Center in Lancaster, Ohio

by Kristin Harlow

LANCASTER, OHIO — Marcus & Millichap has arranged the $10.6 million sale of Plaza Shopping Center in Lancaster, about 33 miles southeast of Columbus. The 210,522-square-foot property was 87 percent leased at the time of sale to tenants such as Ollie’s Bargain Outlet, Planet Fitness, AutoZone, Family Dollar, UPS Store, Rent-A-Center and Buffalo Wild Wings. Scott Wiles, CJ Jackson, Erin Patton and Craig Fuller of Marcus & Millichap represented the seller, an Ohio-based REIT. The team also procured the buyer, Americas Realty LLC.

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AcquisitionsRetailTexas

Door Capital Partners Acquires 6,991 SF Retail Strip Center Near UT Austin

by Taylor Williams

AUSTIN, TEXAS — Locally based investment firm Door Capital Partners has acquired a 6,991-square-foot retail strip center located at 3701 Guadalupe St. near the University of Texas at Austin. Built in 1976, the property was fully leased at the time of sale to Domino’s, Walgreens, Smile Haus, Body Brite and Evo Performance. C.W. Sheehan, Kaitlin Kane and Hunt Wood of JLL arranged acquisition financing on behalf of Door Capital Partners. Chris Gerard and Jack Copher, also with JLL, represented the undisclosed seller in the disposition.

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Leasing ActivityMassachusettsNortheastRetail

Life Time Fitness Opens 52,000 SF Gym in Medford, Massachusetts

by Taylor Williams

MEDFORD, MASS. — Life Time Fitness has opened a 52,000-square-foot gym in Medford, located on the northern outskirts of Boston. Life Time Wellington Station will be a three-story, transit-served facility that will house a 16,000-square-foot floor for personal and group training sessions, a four-lane indoor lap pool, spa and a café. A ribbon-cutting ceremony was held this morning.

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DevelopmentNortheastPennsylvaniaRetail

Federal Realty Breaks Ground on 18,000 SF Phase II of Metro Philadelphia Shopping Center

by Taylor Williams

WILLOW GROVE, PA. — Federal Realty Investment Trust has broken ground on the second phase of construction at Willow Grove Shopping Center, a 211,000-square-foot development located on the northern outskirts of Philadelphia. Phase II will deliver an 18,000-square-foot outparcel building, new dining and public amenities and newly designed walkways and pocket plazas. Completion is slated for summer 2023.

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