PHILADELPHIA — Fine Wine & Good Spirits has opened an approximately 4,300-square-foot store at Schuylkill Yards, a mixed-use development in the University City area of Philadelphia. The store at 315 Market St. is the company’s 48th in Philadelphia. Tim Arizin and Larry Steinberg from Colliers represented the tenant in the lease negotiations. Brandywine Realty Trust owns Schuylkill Yards.
SAN ANTONIO — The Sembler Co. and Forge Capital Partners have acquired Lone Oak Shopping Center, a 104,485-square-foot retail center in San Antonio. The center was fully leased at the time of sale, with grocer H-E-B serving as the anchor. Additional tenants include Citi Trends, Hibbett Sports, The Smile Center, H&R Block, Metro by T-Mobile, Little Caesars and Ace Cash Express. Sembler Co. will also manage and lease the property. The seller and sales price were not disclosed.
MIAMI — Marcus & Millichap has brokered the $8.6 million sale of Village Shoppes, a 26,648-square-foot retail center located in the Little Havana neighborhood of Miami. Situated at 503-533 SW 12th Ave., the center comprises two parcels with multiple stores, 30 parking spaces and more than 325 feet of retail frontage. The property also allows for 40,000 square feet of future development of up to eight stories, according to Marcus & Millichap. Jonathan De La Rosa and Eddie Toledo of Marcus & Millichap’s Miami office marketed the property on behalf of the undisclosed seller and procured the buyer, an entity doing business as CMC VS LLC, in the transaction.
MANASSAS AND HAMPTON, VA. — SRS Real Estate Partners has negotiated the ground-lease sales of two single-tenant retail properties in Virginia net-leased to Chase Bank. The assets include 9560 Liberia Ave. in Manassas and 1700 W. Mercury Blvd. in Hampton, which combined to sell for more than $8 million. Both buyers were based in California and purchased the bank branches in 1031 exchanges. Andrew Fallon, Patrick Nutt and William Wamble of SRS represented the seller in the Manassas deal, an investment firm based in New York. Matthew Mousavi, Patrick Luther and Fallon of SRS represented the seller in the Hampton transaction, a developer based in Dallas. SRS is currently marketing two more retail properties net-leased to Chase Bank in Rockville, Md., and Washington, D.C.
CHARLOTTE, N.C. — Co-owners Parkside Partners and MDH Partners have opened or signed a new round of office and retail tenants at Oakhurst Commons, a 10-acre mixed-use redevelopment underway in Charlotte’s Oakhurst neighborhood on the city’s east side. Thrift Commercial Real Estate Services is leading the leasing assignment for both the office and retail components at Oakhurst Commons. The new concepts joining include Brunches (opening in August), The Health Club (open), Ilios Crafted Greek (open), DreamMaker Bath & Kitchen (no opening date announced), Wildlands Engineering (no opening date announced), Switchyards (open), Made2Move (open) and Moodhouse (open).
OCEANSIDE, CALIF. — Capital Investment Network has completed the disposition of Oceanside Square, a shopping center at 4750 Oceanside Blvd. in Oceanside. A San Francisco-based buyer, in a 1031 exchange, acquired the asset for $11.6 million. Oceanside Square offers 35,013 square feet of retail space occupied by 21 tenants. At the time of sale, the property was 95.1 percent leased. Originally built in 1990, Oceanside Square underwent substantial capital improvements in 2022 and 2024. Ross Sanchez and Nick Totah of Marcus & Millichap’s San Diego Del Mar office represented the seller in the transaction.
PORTLAND, ORE. — Marcus & Millichap has arranged the acquisition of a retail property in Portland. A trust out of Northern California acquired the asset from an undisclosed seller for $2.1 million. O’Reilly Auto Parts occupies the 7,000-square-foot property on a net-leased basis. The retailer recently extended its triple-net lease for 10 years with additional renewal options. Chris Doty of Marcus & Millichap’s Phoenix office procured the buyer. David Tabata of Marcus & Millichap served as the Oregon broker of record.
SOUTH ELGIN, ILL. — Krusinski Construction Co. will transform a 14,446-square-foot vacant space on the first floor of the Medical and Legal Arts Building in South Elgin into a daycare center for BrightPath Kids, which operates more than 230 centers across the U.S. and Canada. The interior scope includes partial demolition and full reconstruction of the first floor. The new space will feature activity rooms and learning areas equipped with advanced classroom technology. Mechanical, electrical, plumbing and fire protection systems will be enhanced to meet the client’s needs. Exterior upgrades will include parking lot improvements and the addition of a new playground on the east side of the building. Krusinski originally completed the ground-up, two-story building in 2007. The facility previously housed an immediate care clinic for Advocate Aurora Health Sherman Family Healthcare on the first floor, with law offices and conference rooms on the second. The project team includes Colliers Engineering & Design as architect and civil engineer.
WISCONSIN RAPIDS, WIS. — Marcus & Millichap has arranged the $2.9 million sale of a two-building, six-suite retail center in Wisconsin Rapids in central Wisconsin. Built in 2007, the fully leased property is located on 1.6 acres and is anchored by Maurices and Mattress Firm. Jeff Rowlett of Marcus & Millichap represented the seller, Elm Holdings 1 LLC. Jesse Schluter of Wisconsin Commercial Real Estate procured the buyer, a Wisconsin-based private investor.
ALTOONA, IOWA — Burger Shop has opened at the Outlets of Des Moines in Altoona. The restaurant offers a variety of burgers, sandwiches, salads, wraps and fries. Developed by New England Development, Outlets of Des Moines is an open-air lifestyle center that is home to brands such as Ann Taylor Factory Store, Coach Outlet, Gap Factory Store, Polo Ralph Lauren, Nike Factory Store and Michael Kors Outlet.