Retail

Greenstone Partners Brokers $3.6M Sale of Retail Building in Des Plaines, Illinois

by Kristin Harlow October 2, 2025

DES PLAINES, ILL. — Greenstone Partners has brokered the $3.6 million sale of a newly constructed, single-tenant retail building occupied by Guzman y Gomez in the Chicago suburb of Des Plaines. The quick-service restaurant specializes in fresh Mexican cuisine. Founded in Australia, the brand has expanded to more than 250 restaurants across Australia, Singapore, Japan and the U.S. The Des Plaines property at 2741 Mannheim Road marks the sixth U.S. location. Brewster Hague and Danny Spitz of Greenstone represented the seller, an Illinois-based developer, and procured the buyer, a local private investor.

October 2, 2025

Acquisitions Retail Texas

Weitzman Brokers Sale of 9,695 SF Retail Strip Center in Euless, Texas

by Taylor Williams October 1, 2025

EULESS, TEXAS — Weitzman has brokered the sale of Bear Creek Plaza, a 9,695-square-foot, fully leased retail strip center in Euless, located in the northern-central part of the metroplex. Tenants include restaurants Argentina 16/3, Chandni Chowk Grill and Osuma Suya, as well as dentistry practice Harwood Smiles and Texas Nail Bar. Kevin Butkus of Weitzman represented the buyer, Dallas-based Ouellette Equities, in the transaction. Tim Axilrod of SHOP Cos. represented the undisclosed, California-based seller.

October 1, 2025

Acquisitions Georgia Retail Southeast

Atlantic Capital Negotiates $38.9M Sale of Publix-Anchored Shopping Center in Savannah

by John Nelson October 1, 2025

SAVANNAH, GA. — Atlantic Capital Partners has negotiated the $38.9 million sale of Twelve Oaks, a grocery-anchored shopping center located at 5500 Abercorn St. in Savannah. Publix has anchored the 104,915-square-foot center since 1992. Fred Victor of Atlantic Capital represented the buyer and seller in the transaction. Both parties requested anonymity. Twelve Oaks was 99 percent leased at the time of sale to tenants including Bonefish Grill, J. Parker Ltd., LensCrafters, Five Guys and Starbucks Coffee.

October 1, 2025

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $25M Sale of Shopping Center in Pembroke Pines, Florida

by John Nelson October 1, 2025

PEMBROKE PINES, FLA. — Marcus & Millichap has brokered the $25 million sale of Palm Square, a 77,621-square-foot shopping center located in Pembroke Pines, a city in South Florida’s Broward County. Kirk Olson and Drew Kristol of Marcus & Millichap represented the seller, Galium Capital, and procured the buyer, an affiliate of JBL Asset Management, in the transaction. Palm Square was 94 percent leased at the time of sale to tenants including Atlantic Montessori School, Goldfish Swim School, Smile Experts Dentistry, Florida Health Care and Fordham Fitness, as well as outparcels leased to Sherwin-Williams, Dunkin’ and KFC. Built in 1987, the shopping center last sold in 2019 for nearly $20.5 million, according to Olson.

October 1, 2025

Georgia Restaurant Retail Southeast

Netherworld Haunted House Opens for 29th Season in Metro Atlanta

by John Nelson October 1, 2025

STONE MOUNTAIN, GA. — Netherworld Haunted House has opened in Stone Mountain for its 29th season of operation. Situated at 1313 Netherworld Way on the outskirts of Stone Mountain Park, Netherworld comprises a rotation of haunted experiences, with this year’s themes including “Monster’s Attack” and “Oblivion: Return of the Mangler,” the latter of which features a “haunt within a haunt” called “Grendel’s Feast.” Beyond the self-guided haunted attractions, Netherworld features a carnival-style courtyard called Halloween Midway that features concessions, seating areas, a gift shop, interactive games, Halloween-themed décor and photo opportunities, as well as meet and greets with some of the park’s horror characters. Additionally, the park offers five year-round escape rooms and the House of Creeps Monster Museum, which displays props, artifacts and memorabilia used in horror and science fiction movies and TV shows. Netherworld first opened in 1997 off Jimmy Carter Boulevard before relocating to its 10-acre Stone Mountain complex in 2017.

October 1, 2025

Loans New Jersey Northeast Retail

G.S. Wilcox Arranges $26M in Financing for Blue Star Shopping Center in Watchung, New Jersey

by Taylor Williams October 1, 2025

WATCHUNG, N.J. — Locally based financial intermediary G.S. Wilcox & Co. has arranged $26 million in financing for the redevelopment of the 420,000-square-foot Blue Star Shopping Center in Watchung, located in Northern New Jersey. David Fryer of G.S. Wilcox arranged the loan, which features full-term, interest-only payments, through an undisclosed life insurance company. Phase I of the project, which centered on the redevelopment and expansion of a ShopRite grocery store, was completed earlier this year. Phase II will involve transforming the former ShopRite space to welcome Burlington and the relocation of Marshalls. Levin Management Corp. manages and leases Blue Star Shopping Center.

October 1, 2025

Acquisitions Massachusetts Northeast Retail

Zelco Properties, AGW Partners Buy 34,000 SF Retail Condo in Belmont, Massachusetts

by Taylor Williams October 1, 2025

BELMONT, MASS. — Zelco Properties & Development, in partnership with AGW Partners, has purchased a 34,000-square-foot retail condo in Belmont, a western suburb of Boston. The space is located within The Bradford, a newly constructed development that houses 115 apartments across three buildings in addition to the retail condo. Retail spaces range in size from 450 to nearly 20,000 square feet. Starbucks currently anchors the condo, which also includes purpose-built restaurant space. The partnership has tapped Connecticut-based Charter Realty to lead leasing efforts.

October 1, 2025

Acquisitions California Restaurant Retail Western

Hanley Investment Group Arranges $3.7M Sale of Starbucks-Occupied Retail Property in Santa Barbara

by Amy Works October 1, 2025

SANTA BARBARA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the sale of a single-tenant retail property located at 402 N. Milpas St. in Santa Barbara. A Los Angeles-based developer sold the asset to a San Francisco-based 1031 exchange investor for $3.7 million. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, while the buyer was self-represented. The 2,149-square-foot Starbucks Coffee location, which opened in April, features the company’s new café-only prototype design.

October 1, 2025

Acquisitions California Retail Western

Progressive Real Estate Partners Brokers $1.9M Sale of Retail Building in Yucca Valley, California

by Amy Works October 1, 2025

YUCCA VALLEY, CALIF. — Progressive Real Estate Partners has arranged the sale of a multi-tenant retail building at 57990 29 Palms Highway in Yucca Valley. A Los Angeles County, Calif.-based private investor sold the asset to a Los Angeles County-based private investor for $1.9 million. Crazy Bargains, Luxury Nail Spa and No Limits Boutique are tenants at the 13,593-square-foot property. Lance Mordachini of Progressive Real Estate Partners represented the seller, while the buyer was self-represented in the transaction.

October 1, 2025

Acquisitions Office Retail Texas

HGIT Acquires Office, Retail Development in Houston for $137.5M

by Taylor Williams September 30, 2025

HOUSTON — Hines Global Income Trust (HGIT) has acquired Montrose Collective, a 189,000-square-foot office and retail development located just outside of downtown Houston, for $137.5 million. Montrose Collective houses the offices of Live Nation and Pattern Energy, as well as a range of shopping and dining establishments. Montrose Collective was fully leased at the time of sale. John Mooz and Ashley Prasse-Freeman led the transaction for the new ownership on an internal basis. The seller was not disclosed.

September 30, 2025

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