Friday, April 25, 2025
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Retail

AcquisitionsFloridaRetailSoutheast

Colliers Brokers Sale of 125,538 SF Casselberry Exchange Shopping Center in Metro Orlando

by John Nelson

CASSELBERRY, FLA. — Colliers has brokered the sale of Casselberry Exchange, a 125,538-square-foot shopping center located at 5803 US Highway 17-92 in Casselberry, approximately 12 miles north of Orlando. Funds managed by affiliates of Apollo sold the value-add property to RD Management for an undisclosed price. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller in the transaction. Situated adjacent to Sole at Casselberry apartments, the shopping center features multiple single-tenant and strip retail buildings leased to retailers including Starbucks Coffee, Einstein Bagel Bros, Fresenius Kidney Care, Amscot and Little Caesars. Casselberry Exchange also features three vacant big box anchor stores totaling nearly 83,500 square feet and a former 7-Eleven gas station outparcel.

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AcquisitionsNorth CarolinaRetailSoutheast

Ziff Real Estate Acquires South Charlotte Retail Center for $11.2M

by John Nelson

CHARLOTTE, N.C — Ziff Real Estate Partners (ZRP) has acquired Camfield Corners, a 70,000-square-foot neighborhood retail center in south Charlotte, for $11.2 million. Simpson Commercial Real Estate’s Wells Herndon and Wesley Fricks represented the undisclosed seller in the transaction. Christian Chamblee, Jack Jardina and Kayla Hamilton were the internal representatives for ZRP. Camfield Corners spans 9.7 acres and includes tenants like Planet Fitness and Goodwill. ZRP owns three retail assets near the recent purchase, including Carolina Crossing, Matthews Festival and Turnberrry Place.

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DevelopmentMassachusettsNortheastRestaurantRetail

Bosse Opens 97,000 SF Pickleball, Entertainment Venue in Natick, Massachusetts

by Taylor Williams

NATICK, MASS. — Bosse, an entertainment concept that combines pickleball with food and drinks, has opened a 97,000-square-foot venue in Natick, a western suburb of Boston. The site is adjacent to Natick Mall and formerly housed a Neiman Marcus department store. Bosse features 21 courts and a dedicated fitness and wellness space, as well as lounge areas, a sports theater, dart lounges, a cold plunge pool, retail space and golf simulators. The Bulfinch Cos. owns the property.

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AcquisitionsMidwestOhioRetail

IPA Brokers $76.3M Sale of Two-Property Retail Portfolio in Metro Columbus

by Kristin Harlow

DUBLIN AND REYNOLDSBURG, OHIO — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $76.3 million sale of a 622,000-square-foot retail portfolio in metro Columbus. The Walmart-anchored shopping centers include the 395,074-square-foot Taylor Square in Reynoldsburg and the 226,718-square-foot Tuttle Crossing in Dublin. Built between 2000 and 2003, Taylor Square was 99 percent occupied at the time of sale. The tenant roster includes JoAnn, Marshalls, Dollar Tree, Famous Footwear, Bath & Body Works and Smokey Bones. Tuttle Crossing is home to tenants such as Best Buy, Morris Home Furniture, Ross Dress for Less, Golf Galaxy and Cost Plus. Erin Patton, Scott Wiles and Craig Fuller of IPA represented the seller, a partnership between New York-based Island Capital and Casto, a local firm. The buyer was a partnership between DLC Management and Principal Asset Management.

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AcquisitionsIllinoisMidwestRetail

Quantum Brokers $2.7M Sale of Retail Center in Elgin, Illinois

by Kristin Harlow

ELGIN, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of a 15,233-square-foot retail center in Elgin for $2.7 million. The property was fully occupied at the time of sale by tenants such as Jimmy John’s, H&R Block, Oberweis and Accelerated Physical Therapy. Dan Waszak and Brett Berlin of Quantum represented the seller, a private investment group based in Texas. The buyer was a private group based in Chicago.

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AcquisitionsNew HampshireNortheastRetail

Horvath & Tremblay Arranges $11.6M Sale of Shopping Center in Manchester, New Hampshire

by Taylor Williams

MANCHESTER, N.H. — Regional brokerage firm Horvath & Tremblay has arranged the $11.6 million sale of North End Shops at Livingston Park, a shopping center in Manchester, located near the New Hampshire-Massachusetts border. The property was built on 4.4 acres in 1987 and renovated in 2017. Dollar Tree anchors the center, which was fully leased at the time of sale. Bob Horvath, Todd Tremblay, Aaron Huntley and Matt Nadler of Horvath & Tremblay represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $6.4M Sale of Retail Strip Center in North Bergen, New Jersey

by Taylor Williams

NORTH BERGEN, N.J. — Marcus & Millichap has brokered the $6.4 million sale of an 18,130-square-foot retail strip center in North Bergen, located just outside of New York City. Known as Aaron’s Strip Center due to the furniture and electronics retailer serving as the anchor, the property was fully leased to six tenants at the time of sale. Alan Cafiero, Brent Hyldahl and Devin Perez of Marcus & Millichap represented the seller and procured the buyer, a local private investor, in the transaction. Both parties requested anonymity.

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DevelopmentMississippiRestaurantRetailSoutheast

Topgolf to Open First Mississippi Venue Tomorrow in Ridgeland

by John Nelson

RIDGELAND, MISS. — Topgolf will open its first venue in Mississippi, Topgolf Ridgeland, tomorrow in Ridgeland, which is approximately 11 miles north of downtown Jackson. Topgolf Ridgeland will feature 62 outdoor, climate-controlled hitting bays spanning two levels. Each bay has lounge-type furniture or high-top tables for large or small groups. In addition to signature gameplay, Topgolf Ridgeland will feature a brand new nine-hole mini-golf course and a full-service bar and restaurant. A Topgolf Callaway Brands Corp. brand, Dallas-based Topgolf operates more than 100 outdoor venues around the globe. The Ridgeland venue will mark Topgolf’s 108th location globally.

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AcquisitionsFloridaRetailSoutheast

CTO Realty Growth Acquires Granada Plaza Shopping Center in Metro Tampa for $16.8M

by John Nelson

DUNEDIN, FLA. — CTO Realty Growth Inc. has purchased Granada Plaza, a 74,000-square-foot shopping center located on a seven-acre site in the Tampa suburb of Dunedin. Publix anchors the property, which was 95 percent leased at the time of sale. Winter Park, Fla.-based CTO Realty Growth purchased the asset from the undisclosed seller for $16.8 million. According to LoopNet Inc., Granada Plaza was built in 1983.

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AcquisitionsGeorgiaRetailSoutheast

Marcus & Millichap Brokers Sale of Retail Property in Lakeland, Georgia Leased to AutoZone

by John Nelson

LAKELAND, GA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a retail property in Lakeland leased to AutoZone. The 9,120-square-foot retail building is located at 60 W. Main St., about 20 miles northeast of Valdosta, Ga. AutoZone has eight years remaining on its 10-year, double-net lease. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group represented the seller, an undisclosed private investor, in the transaction. The buyer is a California-based investor that paid in all-cash. The sales price was not disclosed. “Investment-grade tenants with lower rents and price points continue to receive strong demand in an environment where debt is a challenge,” says McMinn.

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