EASLEY, S.C. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built, 5,798-square-foot retail property in Easley, roughly 12 miles west of Greenville. Firestone, a subsidiary of Japanese tire manufacturer Bridgestone, occupies the building on a 15–year, triple-net, corporate-guaranteed lease that features 5 percent rent increases every five years. A preferred developer for Firestone sold the property to a 1031 exchange buyer. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group represented the seller in the transaction, which marks the team’s 21st new-construction Firestone closing, according to McMinn. “This closing highlights the growing presence of higher price point 1031 exchange buyers re-entering the net lease market,” says McMinn. “As this momentum continues into 2026, we anticipate strong demand for Bridgestone assets driven by the investment grade credit, long-term triple-net lease and limited on-market supply.” McMinn adds that the Taylor McMinn Retail Group has more Firestone-occupied retail listings coming to market soon.
Retail
SAN ANGELO, TEXAS — Hanley Investment Group Real Estate Advisors has arranged the sale of Sunset Plaza, a 92,000-square-foot shopping center located in the West Texas city of San Angelo. Built in 2005 on 8.4 acres, the center is home to tenants such as Ross Dress for Less, HomeGoods, Petco, Five Below, Bath & Body Works, Buckle and GameStop. Target, which was not part of the sale, has also been a long-term tenant at the property. Garrett Wood, Kevin Fryman and Lee Csenar of Hanley, in association with ParaSell Inc., represented the seller, a California-based private investor, in the transaction. The buyer, a Mexico City-based private investor, represented itself.
ABBEVILLE, LA. — The Dowd Cos. has negotiated the sale of Lauren Parc, a 34,125-square-foot retail center located in the Baton Rouge submarket of Abbeville. The buyer, an out-of-state investment firm, purchased the property for $4.1 million. The seller was also not disclosed. John Dowd and Theresa Johnson represented both parties in the transaction. Built in 2014, Lauren Parc was 95 percent leased at the time of sale to tenants including Dollar Tree, AT&T, Anytime Fitness and Hibbett Sports. The property is shadow-anchored by a Walmart Supercenter.
SRS Real Estate Arranges Sale of Single-Tenant Retail Property in Placentia, California for $7.9M
by Amy Works
PLACENTIA, CALIF. — SRS Real Estate Partners has arranged the sale of a newly constructed, single-tenant retail property located in Placentia, roughly 35 miles northwest of Los Angeles, for $7.9 million. Chick-fil-A occupies the 5,525-square-foot, drive-thru building on a new 15-year, triple-net corporate-guaranteed lease. Patrick Luther, Matthew Mousavi and Winston Guest of SRS represented the seller, a Southern California-based developer, in the transaction. The buyer was a private investor from Southern California.
Progressive Real Estate Partners Brokers $6.1M Sale of Retail Center in Victorville, California
by Amy Works
VICTORVILLE, CALIF. — Progressive Real Estate Partners has arranged the sale of Victorville Pavilion, a multi-tenant retail property at 14190 Bear Valley Road in Victorville. A private investor sold the asset to a San Diego-based private investor for $6.1 million. Built in 2004, Victorville Pavilion features 11,618 square feet of fully occupied retail space. Current tenants include T-Mobile, OneMain Financial, Armed Forces Career Center and Joe Orthodontics. Lance Mordachini of Progressive Real Estate represented the seller, while Vince Provenzano and Michael Sikorski of Pacific Coast Commercial represented the buyer in the deal.
Brixton Capital Sells Pacific Town Center Retail Property in Stockton, California for $27M
by Amy Works
STOCKTON, CALIF. — Brixton Capital has completed the disposition of Pacific Town Center, a newly remodeled shopping center in Stockton. CJ Park & Associates acquired the property for $27 million. Sean Cox and Kevin Fryman of Hanley Investment Group Real Estate Advisors represented the seller, while the Los Angeles-based buyer was self-represented in the deal. Located at 616-760 W. Hammer Lane, Pacific Town Center offers 142,957 square feet of retail space that was built in 2003 and remodeled in 2025. Situated on 10 acres, the property’s tenant mix consists of 98 percent national and regional retailers, including Smart & Final Extra!, Chuze Fitness, Ross Dress for Less, Aaron’s, CoinWorks, Concentra Health Services, H&R Block, Panda Express, Subway, Total Wireless and Western Dental.
Faris Lee Investments Arranges $21M Sale of Plaza Pacifica Retail Center in San Clemente, California
by Amy Works
SAN CLEMENTE, CALIF. — Faris Lee Investments has directed the sale of Plaza Pacifica, a neighborhood retail center in San Clemente’s South Orange County trade area. A high-net-worth Orange County, Calif.-based family office acquired the asset for $21 million. Don MacLellan of Faris Lee represented the undisclosed seller. Plaza Pacifica is shadow anchored by Pavilions, Walmart, Lowe’s and the Hoag Medical Facility.
NEW YORK CITY — Life Time (NYSE: LTH) will open an 85,000-square-foot health club in Brooklyn. The space is located within 175 Third Street, a 1.1 million-square-foot building that is under construction within the Gowanus Wharf development, and the club will feature both indoor and outdoor athletic and wellness facilities. Joe Mastromonaco and Colleen Morrissey of Atlantic Retail represented Life Time in the lease negotiations. A partnership between Charney Cos. and Tavros Capital owns the building.
CHARLOTTE, N.C. — Locally based developer Crescent Communities has sold Elizabeth on Seventh, a 105,000-square-foot mixed-use building in Charlotte. Atlanta-based Invesco purchased the four-story, LEED-certified property for $58 million, according to the Charlotte Business Journal. Completed in 2022, Elizabeth on Seventh is located at the intersection of East Seventh Street and North Caswell Road and offers boutique office space and 22,000 square feet of ground-level retail space. The property’s office tenants include Abry Partners, Abundant Power, Adams Beverages, Becker Morgan Group, Bowman and Brooke, Brown Brothers Harriman and Influencable. Retail and restaurant tenants include Barre3, Catalina Kitchen + Bar, Rosemont Market & Wine Bar and The Yard Milkshake Bar.
— By Bill Asher of Hanley Investment Group Real Estate Advisors — The Inland Empire continues to demonstrate its resilience as one of Southern California’s most dynamic retail investment markets. In the third quarter of 2025, transaction activity accelerated, pricing held firm and cap rates compressed, underscoring investor confidence in the region’s long-term fundamentals. Even with vacancy rising and rent growth moderating, investment trends point to a market adjusting as capital continues to favor necessity-based, internet-resistant formats. According to CoStar, 73 retail properties traded in third-quarter 2025 compared to 48 in the same quarter of 2024. Average cap rates declined from 7.2 percent to 6 percent year over year, signaling stronger pricing and heightened demand. Single-tenant net lease properties led the surge, with 46 transactions in third-quarter 2025 versus 28 a year earlier. Average cap rates tightened to 5.9 percent, down from 6.8 percent in third-quarter 2024. Multi-tenant retail also showed healthy demand, with 22 properties sold in third-quarter 2025 versus 20 in third-quarter 2024, and average cap rates compressed from 7.4 percent to 6.2 percent. This momentum reflects a convergence of factors that shaped the second half of 2025. Pent-up demand and impatient capital deployed equity as many sellers …