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Bensalem-Crossings
AcquisitionsNew JerseyNortheastPennsylvaniaRetail

Hanley Investment Group Arranges $12.5M Sale of Metro Philadelphia Shopping Center

by Taylor Williams

BENSALEM, PA. — Hanley Investment Group Real Estate Advisors has arranged the $12.5 million sale of Bensalem Crossings, a 67,215-square-foot shopping center located roughly 19 miles north of Philadelphia. Bensalem Crossings was fully leased at the time of sale, with ShopRite and CVS occupying 93 percent of the space. Kevin Fryman, Bill Asher and Jeff Lefko of Hanley, in association with ParaSell Inc., represented the seller, Adler Realty Investments Inc., in the transaction. The team also procured the buyer, an undisclosed, Southern California-based private investor.

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GeorgiaLeasing ActivityRetailSoutheast

Seven New Tenants to Join Coal Mountain Shops in Cumming, Georgia

by Abby Cox

CUMMING, GA. — Seven new tenants have signed leases to join Coal Mountain Shops, a 19,805-square-foot shopping center undergoing redevelopment in the Coal Mountain neighborhood of Cumming. Sam Krueger and Kaitlyn Schoerner of Franklin Street handled leasing efforts on behalf of the landlord, FrostPoint Capital, which purchased the center last May. Phase I of the redevelopment is now fully leased, with the new tenants including PNC Bank, Wingstop, barre3, Kumon, Smoothie King, The Bagel Hole and Shape Nails. Details of Phase II of the redevelopment project were not disclosed.

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AcquisitionsIndianaMidwestRetail

Marcus & Millichap Arranges $3.8M Sale of Auto Repair Center in Greenwood, Indiana

by Kristin Harlow

GREENWOOD, IND. — Marcus & Millichap has arranged the $3.8 million sale of an auto repair center occupied by Caliber Collision in Greenwood. The property totals 33,511 square feet and is located at 155 Melody Ave. Caliber Collision occupies the asset under a double-net lease with more than three years remaining on the lease. Mitch Grant, Nicholas Kanich and Josh Caruana of Marcus & Millichap represented the Indiana-based seller. Dominic Sulo, Ryan Engle and Andrean Angelov of Marcus & Millichap procured the Illinois-based buyer.

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IowaLeasing ActivityMidwestRetail

Planet Fitness Opens 15,496 SF Location at Outlets of Des Moines

by Kristin Harlow

ALTOONA, IOWA — Planet Fitness has opened a 15,496-square-foot location at the Outlets of Des Moines in Altoona. Founded in 1992 in Dover, N.H., Planet Fitness is one of the largest franchisors and operators of fitness centers in the world. As of June 30, there were 2,762 clubs worldwide. Outlets of Des Moines is an open-air lifestyle center home to stores such as Coach Outlet, Polo Ralph Lauren, Kate Spade Outlet, Ann Taylor Factory Store and Nike Factory Store.

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Flints-Crossing
AcquisitionsAlabamaRetailSoutheast

Matthews Arranges Sale of 97,668 SF Flint’s Crossing Shopping Center in Auburn, Alabama

by Abby Cox

AUBURN, ALA. — Matthews Real Estate Investment Services has arranged the sale of Flint’s Crossing, a 97,668-square-foot neighborhood shopping center situated three miles from Auburn University. HomeGoods and Michaels anchor the fully leased center. Other tenants include Panera Bread, The UPS Store, Subway, CiCi’s Pizza, Plato’s Closet, Kumon and uBreakiFix. In addition to the 22,850-square-foot HomeGoods store, which operates at the property on a new 10-year lease, Flint’s Crossing has introduced roughly 15,115 square feet of new tenants since 2022. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the repeat seller, an entity doing business as RECS Flint’s Crossing LLC, in the transaction. The buyer and sales price were not disclosed.

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Leasing ActivityRetailTexas

EōS Fitness to Open 40,000 SF Gym at Kyle Park in Metro Austin

by Taylor Williams

KYLE, TEXAS — EōS Fitness will open a 40,000-square-foot gym in Kyle, located south of Austin. The Dallas-based operator is taking space at Kyle Park, a development located at the junction of I-35 and Bebee Road. Rise Commercial Partners represented EōS Fitness in the lease negotiations. The landlord, Houston-based NewQuest, was self-represented. The opening is set for 2027.

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Leasing ActivityRetailTexas

Three New Tenants Debut at East River Mixed-Use Development in Houston

by Taylor Williams

HOUSTON — Three new tenants have debuted at East River, a 150-acre mixed-use development in Houston by Midway. Ayna Jewels and Tomi Jewelry have opened boutique stores that span 1,600 square feet and 880 square feet, respectively. In addition, the Houston Maritime Center & Museum, which feature exhibits, artifacts and interactive displays within a redeveloped space overlooking the Buffalo Bayou Park, is now open.

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3478-W-32nd-Ave-Denver-CO.jpg
AcquisitionsColoradoRetailWestern

Kaufman Hagan Negotiates Sale of 3,043 SF Retail Building in Denver

by Amy Works

DENVER — Kaufman Hagan has arranged the sale of 3478 W. 32nd Avenue, a 3,043-square-foot, owner-user retail building in Denver’s Highlands Square. The asset traded for $1.8 million, or $591.52 per square foot. The names of the seller and buyer were not released. Zachary Bierman of Kaufman Hagan represented the seller in the deal.

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AcquisitionsRetailSoutheastTennessee

Matthews Negotiates Sale of 224,139 SF Greeneville Commons Shopping Center in Northeast Tennessee

by John Nelson

GREENEVILLE, TENN. — Matthews has negotiated the sale of Greeneville Commons, a 224,139-square-foot shopping center located in Greeneville, a city in northeast Tennessee near the North Carolina border. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the undisclosed seller, a repeat institutional client, in the transaction. Matthews also procured the buyer, an affiliate of Hackney Real Estate Partners. The sales price was not disclosed. Greeneville Commons was more than 90 percent leased at the time of sale to tenants including Ross Dress for Less, Hobby Lobby, Five Below, Marshalls, Bath & Body Works, Workout Anytime, Xfinity, GNC and Rack Room Shoes.

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AcquisitionsLouisianaRetailSoutheast

Marcus & Millichap Brokers $6.8M Sale of Village Square Shopping Center in Baton Rouge

by John Nelson

BATON ROUGE, LA. — Marcus & Millichap has brokered the $6.8 million sale of Village Square, a 47,000-square-foot shopping center located at 3132 College Drive near the Louisiana State University (LSU) campus in Baton Rouge. Situated near the intersection of I-10, the property is shadow-anchored by Walmart and was leased to tenants including Office Depot, Sally Beauty, Coffee Call, Classy Nails, Teatery & Tapioca and Juicy Seafood at the time of sale. Zach Taylor and Eric Abbott of Marcus & Millichap’s Taylor McMinn Retail Group represented the seller, an unnamed developer based in Tennessee, in the transaction. Steve Greer served as Marcus & Millichap’s broker of record in Louisiana in the deal. The buyer was not released. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group also negotiated the $5.2 million sale of Village Square’s two outparcels, which are leased to Capital One and IHOP, in May on behalf of the same seller.

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