ROCK HILL, S.C. — A joint venture between ShopOne Centers REIT, Pantheon and a global institutional investor has acquired Riverview Commons, a 59,020-square-foot shopping center located in Rock Hill, roughly 15 miles south of Charlotte. Food Lion and Dollar General anchor the property, which was 96 percent leased at the time of sale. Additional retailers at the center include Computer CPR, Exquisite Nails & Spa, Hair Savvy Salon, Big Wok II, Rock Hill Bagels & Deli, Ivy Rehab and ISI Elite Training. The joint venture now owns 21 retail centers. Riverview Commons marks ShopOne’s first acquisition in the Charlotte metro area.
LOS ANGELES — JLL Capital Markets has arranged $21.5 million in refinancing for Juanita Tate Marketplace, a grocery-anchored retail center in Los Angeles. Optimus Properties received the five-year loan through institutional investors advised by J.P. Morgan Asset Management. Alex Olson and Daniel Skerrett of JLL Capital Market’s Debt Advisory represented the borrower in financing. Located at the corner of East Slaunson and East Central avenues, Juanita Tate Marketplace offers 77,096 square feet of retail space, 55 percent of which is occupied by Northgate Market. CVS, Panda Express, Starbucks Coffee and Chase Bank are tenants at the fully occupied retail center, which was built in 2014.
PARSIPPANY, N.J. — Marcus & Millichap has brokered the $4.3 million sale of an 11,266-square-foot retail building in the Northern New Jersey community of Parsippany that is net leased to BrightPath Childcare Center. The building was constructed on a 1.7-acre site in 2014. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller in the transaction. The trio, along with Brent Hyldahl of Marcus & Millichap, also procured the buyer. Both parties requested anonymity.
OMAHA, NEB. — Kraus-Anderson (KA) has completed construction of the WarHorse Casino, a $127.6 million gaming facility located at 6303 Q St. in Omaha. WarHorse Gaming LLC, which will manage and operate the expansion of casino gaming, is a division of Ho-Chunk Inc., the economic development corporation of the Winnebago Tribe of Nebraska. I-5 Design was the architect. KA completed construction in two phases. The first phase included a 46,376-square-foot remodel of the existing building and a 247,529-square-foot, four-story parking garage. Phase II includes a 63,365-square-foot, two-story expansion and sky bridge connecting the casino and parking garage. A grand opening is scheduled for Thursday, May 8. The casino features approximately 1,300 slots and 20 table games, of which more than 800 were included in the first phase.
MUSKEGON, MICH. — The Boulder Group has arranged the $3.5 million sale of a single-tenant, retail property net leased to Walgreens in Muskegon within western Michigan. The 15,567-square-foot building is located at 840 W. Sherman Blvd. There are more than 13 years remaining on the lease with 12 five-year renewal options. There are 5 percent rental escalations every five years in both the primary term and each option period. The lease is corporately guaranteed by Walgreens. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a full-service commercial real estate firm based in Florida. A Michigan-based commercial real estate company was the buyer.
TOLEDO, OHIO — CrownPoint Partners has brokered the $2.2 million sale of a newly constructed, single-tenant retail property occupied by Chipotle Mexican Grill in Toledo. The property at 3360 Glendale Ave. features a 2,325-square-foot building with a “Chipotlane” drive-thru. Chipotle has a 15-year triple-net lease with 10 percent rental increases every five years, along with four additional five-year renewal options. The lease is corporately guaranteed by Chipotle Mexican Grill, which operates 3,781 restaurants in the U.S. Julius Swolsky and Shannon Bona of CrownPoint represented the seller, DWJS LLC, an Ohio-based developer, in association with Joe Swolsky of Prime Retail Advisors. The all-cash buyer was a private investor from the Mid-Atlantic region.
ELKHORN, NEB. — Lockwood Construction has broken ground on Primrose School’s new location in Elkhorn. The 13,598-square-foot project marks the third Primrose School built by Lockwood, and the fourth Primrose School within the Omaha metro area. The Elkhorn facility will feature classrooms, outdoor play areas and learning spaces designed to foster early childhood development. The school, which is slated to open in November, is locally owned and operated by Cole and Katie Stichler.
DALLAS AND CALGARY, ALBERTA — Sunoco LP (NYSE: SUN), a Dallas-based fuel distributor and operator, has entered into a definitive agreement to acquire Parkland Corp. (TSX: PKI), a Calgary-based owner and operator of gas stations, convenience stores and electric vehicle charging stations in North America and the Caribbean. Parkland’s retail store count totals nearly 4,000 locations operating under the Esso, Ultramar, Chevron, On the Run, Pioneer and Fas Gas Plus fuel brands. Sunoco plans to acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt and the acquisition of Parkland’s Burnaby refinery in British Columbia, which produces 55,000 barrels of low-carbon fuels daily. “This strategic combination is a compelling outcome for Parkland shareholders,” says Michael Jennings, executive chairman of Parkland. “This partnership creates significant financial benefits for shareholders and would position the combined company as the largest independent fuel distributor in the Americas.” The acquisition was unanimously approved by the boards of directors for both companies. The deal is expected to close in the second half of 2025 upon the satisfaction of closing conditions, including approval by Parkland’s shareholders and customary regulatory and stock exchange listing approvals. Parkland’s board of …
NAGS HEAD, N.C. — Cushman & Wakefield | Thalhimer’s Capital Markets Group has brokered the $7.3 million sale of Satterfield Landing Shopping Center, a 49,897-square-foot shopping center located in North Carolina’s Outer Banks region. Situated at South Croatan Highway at West Satterfield Landing Road in Nags Head, the center sits on 6.2 acres and is fully leased to T.J. Maxx, Staples and OBX Martial Arts. Clark Simpson and Erik Conradi of Thalhimer’s Virginia Beach office represented the seller, an entity doing business as Satterfield Landing LLC, in the transaction. The Overland Group was the buyer.
NEW BRAUNFELS, TEXAS — Sprouts Farmers Market will open a 23,434-square-foot store in New Braunfels, a northeastern suburb of San Antonio. The space is located within Creekside Town Center, a 400-acre mixed-use development by Houston-based NewQuest. The store will be among the first in the region for the Phoenix-based grocer. Construction is underway, and the opening is slated for the first quarter of next year.