Tuesday, July 8, 2025
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AcquisitionsMidwestOhioRetail

First National Realty Partners Acquires 218,000 SF Shopping Center in Columbus

by Kristin Harlow

COLUMBUS, OHIO — First National Realty Partners (FNRP) has acquired Consumer Square West in Columbus for an undisclosed price. The 218,000-square-foot shopping center is situated on 25 acres along Soldano Boulevard. A nearly 65,000-square-foot Kroger store anchors the center. Other tenants include Planet Fitness, Rainbow Apparel, Dollar Tree, Shoe Show, Bargain Hunt, Pet Supplies Plus and Sally Beauty. Scott Wiles, Erin Patton and Craig Fuller of Marcus & Millichap represented the seller, a New Jersey-based private investor. The transaction marks the fifth purchase in Ohio for New Jersey-based FNRP.

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Leasing ActivityMichiganMidwestRetail

FURN on Leonard Opens 4,000 SF Furniture Store in Grand Rapids

by Kristin Harlow

GRAND RAPIDS, MICH. — FURN on Leonard, a liquidation furniture boutique, has opened a 4,400-square-foot store at 444 Leonard St. NW in the West Grand neighborhood of Grand Rapids. The boutique sells a variety of furniture and décor items at affordable prices. The space includes a retail showroom and a warehouse in the back. Wesley Emert and Tina Emert of CityWide Real Estate Services assisted FURN on Leonard in securing the lease. Meg Giampapa is the store’s owner.

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LoansNew YorkNortheastRetail

IDB Bank Provides $19M Loan for Refinancing of Retail Property in Nanuet, New York

by Taylor Williams

NANUET, N.Y. — IDB Bank has provided a $19 million loan for the refinancing of a 220,000-square-foot retail property located north of New York City. The property, which formerly housed a Macy’s but is now anchored by home improvement retailer At Home, sits adjacent to Shops at Nanuet, an outdoor lifestyle center owned by Simon Property Group. Chris Kramer, Dustin Stolly and Jordan Roeschlaub of Newmark placed the loan with IDB Bank on behalf of the borrower, a partnership between Metropolitan Realty Associates and New York-based private equity firm Angelo Gordon that acquired the asset in 2018.

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Dillards-Provo-Towne-Centre-Provo-UT
AcquisitionsRetailUtahWestern

Brixton Capital Acquires 206,240 SF Dillard’s Building in Provo, Utah

by Amy Works

PROVO, UTAH — Brixton Capital has purchased the Dillard’s building and parcel at Brixton’s Provo Towne Center in Provo for an undisclosed price. Little Rock, Ark.-based Dillard’s sold the two-story, 206,240-square-foot building, which sits on 12.5 acres. The company is relocating the department store. Brixton Capital is in advanced negotiations to re-lease most of the property to a prominent national retailer and expects the new store to open within the next two years, once renovation of the building is complete. The addition of this retailer will complement the ongoing plans Brixton Capital has for Provo Towne Center, including the addition of multifamily housing and other uses to improve livability, shopping and community within Provo’s East Bay neighborhood. Brixton has owned Provo Towne Center since 2016. Renovation of the Dillard’s building is scheduled to commence this summer.

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Leasing ActivityRetailTexas

Floor & Décor to Open 80,000 SF Store in Metro San Antonio on March 7

by Taylor Williams

LIVE OAK, TEXAS — Floor & Décor will open an 80,000-square-foot store in Live Oak, a northeastern suburb of San Antonio, on Monday, March 7. The store, which will employ about 50 full-time and part-time associates, will be the Atlanta-based home improvement retailer’s third in the San Antonio area and will include a design center.

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AcquisitionsMichiganMidwestRetail

Mid-America Arranges Sale of 409,000 SF Shopping Center in Saginaw, Michigan

by Kristin Harlow

SAGINAW, MICH. — Mid-America Real Estate Corp. has arranged the sale of Valley Center in Saginaw for an undisclosed price. The 409,000-square-foot shopping center is home to tenants such as T.J. Maxx, HomeGoods, Dick’s Sporting Goods, Burlington, Michaels, PetSmart, Barnes & Noble, DSW, Old Navy, Ulta, Five Below and Dollar Tree. The center is 88 percent leased. Ben Wineman and Daniel Stern of Mid-America represented the seller, an institutional investor. A private family office was the buyer.

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The Fresh Market
AcquisitionsRetailSoutheastVirginia

Colliers Brokers $6.9M Sale of Grocery-Occupied Retail Property in Metro Richmond

by Julia Sanders

MIDLOTHIAN, VA. — Colliers has brokered the sale of a 31,394-square-foot retail property located at 1200 Huguenot Road in Midlothian. The freestanding store is leased to The Fresh Market. An entity known as California-based 101 North A ST LLC acquired the grocery-occupied property for $6.9 million. Mark Williford, Will Bradley, Peter Vick and Harrison Hall of Colliers represented the California-based seller, an entity doing business as 1200 Huguenot Road LLC. Situated at the intersection of Midlothian Turnpike and Huguenot Road, the store is near other retailers and restaurants including Tazza Kitchen Alverser Plaza, DSW, Carrabba’s Italian Grill, Macy’s, Crunch Fitness and Chipotle Mexican Grill.

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AcquisitionsMidwestRetailWisconsin

Quantum Brokers $4.4M Sale of Strip Center in Wisconsin Dells

by Kristin Harlow

WISCONSIN DELLS, WIS. — Quantum Real Estate Advisors Inc. has brokered the $4.4 million sale of an 11,982-square-foot retail strip center in the Wisconsin Dells, a city in central Wisconsin. Starbucks and Applebee’s anchor the property, which is located at 320 State Highway 13. Zack Hilgendorf of Quantum represented the seller, a Midwest-based investor. A California-based buyer purchased the asset.

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Indian River
AcquisitionsRetailSoutheastVirginia

JFS Real Estate Purchases Indian River Shopping Center in Virginia Beach for $6M

by Julia Sanders

VIRGINIA BEACH, VA. — JFS Real Estate LLC has purchased the Indian River Shopping Center, a 128,017-square-foot retail center in Virginia Beach. Anchored by Burlington and Food Lion, Indian River’s other tenants include It’s Fashion and One Price Cleaners. The property was fully occupied at the time of sale. The seller, Earle W. Kazis Associates Inc., sold the property for $6 million. Mike Zarpas of S.L. Nusbaum Realty Co. represented the seller, and Janet Whitbeck of Cushman Wakefield | Thalhimer represented the buyer in this transaction. Zarpas will also represent the new owner in repositioning the property. Located on 12.7 acres at 880 S. Military Highway, the property is close to the intersection of S. Military Highway and Indian River Road. The property is also 16.1 miles from Virginia Beach.

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Leasing ActivityMassachusettsNortheastRetail

Gymja Warrior Signs 11,345 SF Retail Lease in Peabody, Massachusetts

by Taylor Williams

PEABODY, MASS. — Boutique fitness operator Gymja Warrior has signed a 11,345-square-foot retail lease at Route One Marketplace in Peabody, a northeastern suburb of Boston. Other tenants at the fully leased center include Bradford Carpet One, Namco, Crossfit 128 and Mass Bay Hockey Center. Don Mace of locally based brokerage and advisory firm KeyPoint Partners represented the undisclosed landlord in the lease negotiations.

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