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AcquisitionsNortheastRetail

IPA Brokers $26.9M Sale of Grocery-Anchored Shopping Center in Latham, New York

by Taylor Williams

LATHAM, N.Y. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of $26.9 million sale of a 120,049-square-foot, grocery-anchored shopping center in Latham, located north of Albany. The center was built in 2010 and is home to tenants such as Petco and Crumbl Cookies in addition to grocery anchor The Fresh Market. Jim Koury of IPA represented the seller, Shaker Loudon Associates, which is an affiliate of Benderson Development, in the transaction. Koury also procured the buyer, an entity doing business as PCP Binghamton Associates LLC.

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AcquisitionsMassachusettsNortheastRetail

Atlantic Capital Partners Arranges Sale of 59,687 SF Shopping Center in Yarmouth, Massachusetts

by Taylor Williams

YARMOUTH, MASS. — Regional brokerage firm Atlantic Capital Partners has negotiated the sale of Yarmouth Shopping Center, a 59,687-square-foot retail property located near the base of Cape Cod. Grocer Stop & Shop anchors the center. Justin Smith, Chris Peterson, Sam Koonce, Danielle Donovan and Matt Austin of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction. The property traded in conjunction with a 124,405-square-foot center in Stow, Mass., for a combined price of $26 million.

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AcquisitionsCaliforniaRestaurantRetailWestern

Levin Johnston Brokers $12.7M Sale of Restaurant Property in Berkeley, California

by Amy Works

BERKELEY, CALIF. — Levin Johnston, part of Marcus & Millichap, has arranged the $12.7 million sale of a retail building at 2310 Telegraph Ave. in Berkeley. Raising Cane’s will occupy the 12,419-square-foot property, which is currently anchored by Walgreens, as a new flagship restaurant. Additional details of the transaction were not released.

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AcquisitionsColoradoRetailWestern

Ziff Real Estate Acquires 40,211 SF Village Square Shopping Center in Louisville, Colorado

by Amy Works

LOUISVILLE, COLO. — Ziff Real Estate Partners (ZRP) has purchased Village Square Shopping Center, a necessity-based retail center in Louisville, for $9.2 million. ZRP plans to improve the 40,211-square-foot asset by enhancing the center’s tenant mix and physical property. Located at 535-655 E. South Boulder Road, Village Square is shadow-anchored by Centre Court Apartments and Shamrock Foods.

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AcquisitionsMidwestMissouriRetail

Hanley Investment Group Brokers Sales of Two Adjacent Retail Buildings in Metro Kansas City

by Kristin Harlow

BLUE SPRINGS, MO. — Hanley Investment Group Real Estate Advisors has brokered the sales of two adjacent retail buildings in the Kansas City suburb of Blue Springs. The sales price was undisclosed, but the combined transaction size exceeded $5 million with a blended cap rate in the low 6 percent range. The single-tenant, net-leased properties are occupied by Heartland Dental (4,200 square feet) and Starbucks (2,312 square feet). Both were constructed in 2024. Jeff Lefko and Bill Asher of Hanley, in association with Jay Ferguson of Ferguson Properties Inc., represented the seller and developer of both buildings, Ferguson Properties and Foresight Real Estate. Peter Winterling of Kidder Mathews represented the buyer of the Heartland Dental-occupied property, a private 1031 exchange investor from California’s Central Valley. John Martin of Lee & Associates represented the buyer of the Starbucks-occupied asset, a private 1031 exchange investor from Southern California.  

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DevelopmentRetailTexas

Weitzman Completes Renovation of 78,914 SF Shopping Center in Irving

by Taylor Williams

IRVING, TEXAS — Weitzman has completed the renovation of Grande Center, a 78,914-square-foot shopping center in Irving. The project involved resurfacing the center’s stucco façade and updating tenant and pylon signage with new lighting and color schemes. The renovation also revamped Grande Center’s signature building and created additional tenant visibility. Weitzman acted as the project manager, with Hodges & Associates and Preston Pierce Construction acting as architect and general contractor, respectively.

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9915-E-Colfax-Ave-Aurora-CA
AcquisitionsColoradoRetailWestern

Kaufman Hagan Brokers Sale of 4,608 SF Retail Building in Aurora, Colorado

by Amy Works

AURORA, COLO. — Denver-based Kaufman Hagan Commercial Real Estate has facilitated the purchase of a retail property located at 9915 E. Colfax Ave. in Aurora. Shifted Lens Theatre Co. acquired the asset from an undisclosed seller for $1 million, or $226.78 per square foot. Located within Aurora Cultural Arts District, the property offers 4,608 square feet of retail space. Amanda Weaver of Kaufman Hagan represented the buyer in the deal.

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Leasing ActivityNortheastPennsylvaniaRestaurantRetail

Brandywine to Open 13,000 SF Food Hall at Schuylkill Yards in Philadelphia

by Taylor Williams

PHILADELPHIA — Local REIT Brandywine Realty Trust will open a 13,000-square-foot food hall at its Schuylkill Yards mixed-use development in the University City area of Philadelphia. Gather Food Hall & Bar will feature six eateries and a bar and will be housed on the ground floor of the historic Bulletin Building at 3025 Market St., which was converted to a life sciences facility in 2021. Hospitality HQ, a platform operated by New York chef and restaurateur Akhtar Nawab, will operate the venue, which is scheduled to open in the fall.

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AcquisitionsMidwestOhioRetail

Axiom Realty Acquires 157,632 SF Shopping Center in North Canton, Ohio

by Kristin Harlow

NORTH CANTON, OHIO — Axiom Realty has acquired The Venue at Belden, a 157,632-square-foot shopping center in North Canton, about 18 miles south of Akron. Situated in the heart of the Belden Village trade area, the property is home to anchor tenants Burlington, TJ Maxx, HomeGoods and Earth Fare, which collectively occupy more than 60 percent of the center’s gross leasable area. The asset has undergone significant redevelopment in recent years. Axiom says it plans to enhance the tenant mix, optimize operations and drive long-term value.

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DevelopmentMidwestMissouriRetail

Holland, HDA Complete Exterior Renovation of 70,000 SF Lexus Dealership in Metro St. Louis

by Kristin Harlow

MANCHESTER, MO. — Holland Construction Services and architect HDA have completed an exterior renovation of Mungenast Lexus of St. Louis, a 70,000-square-foot auto dealership in the western St. Louis suburb of Manchester. The project included metal cladding, dark column accents and a new entryway with a prominent Lexus logo. The building features a two-story showroom, 32 service bays, a café and car wash/detail area. HDA originally designed the facility in 2009 as the first LEED Silver-certified Lexus auto dealership in the country.

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