HURST, TEXAS — Entertainment concept Vellix Adventure has opened a 20,000-square-foot trampoline park in Hurst, located northeast of Fort Worth. The space is located within Mayfair Village shopping center and includes a ropes course and virtual reality games. Michael Williams of JLL represented Vellix Adventure in the lease negotiations. Ashley Selers of Phillips Edison & Co. represented the landlord on an internal basis.
Retail
PARSIPPANY, N.J. — Marcus & Millichap has brokered the $18.5 million sale of a 45,315-square-foot shopping center located in the Northern New Jersey community of Parsippany. Built in 1970 and renovated in 2012, Baldwin Shopping Center was fully leased at the time of sale to tenants such as Walgreens, Concentra, Enterprise Rent-A-Car and State Farm Insurance. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 22,960-square-foot flex building located at 5251 E. Speedway Blvd. in Tucson. WAA 5251 E Speedway Blvd LLC purchased the asset from Inspired Adventures Investments for $3.5 million. Natalie Furrier and Greg Furrier of Cushman & Wakefield | PICOR Retail Specialists team represented the seller, while Robert Glaser and Paul Hooker of Cushman & Wakefield | PICOR Industrial Specialists team represented the buyer in the deal.
BATAVIA, ILL. — Cushman & Wakefield has negotiated the sale of Fabyan Randall Plaza, a 91,415-square-foot regional retail center anchored by Trader Joe’s in Batavia, a western suburb of Chicago. Other retailers include Sierra, Dollar Tree and a freestanding Walgreens. Evan Halkias and David Matheis of Cushman & Wakefield, along with Glenn Rudy of Newmark Pacific, represented the seller, NetCo Investments Inc. The buyer was a private investor.
NEW YORK CITY — Five Iron Golf will open a 15,856-square-foot entertainment venue in Brooklyn. The space spans the ground floor and lower level of 25 Kent, a 500,000-square-foot office building, and will include 13 simulators, a 7,000-square-foot gym and a bar and kitchen. Anthony Dattoma of CBRE represented Five Iron Golf, which plans to open in the second quarter of 2026, in the lease negotiations. Ben Birnbaum, Neal Ohm, Andrew Taub and Caleb Petersen of Newmark represented the landlord, Global Holdings.
ALBERTVILLE, MINN. — Marcus & Millichap has brokered the $6.1 million sale of a net-leased childcare facility occupied by Everbrook Academy in Albertville, a northwest suburb of Minneapolis. Everbrook Academy has a new 15-year triple-net lease guaranteed by Learning Care Group. The tenant operates more than 1,150 schools nationwide. Built in 2025, the property totals 11,758 square feet. Spencer Berkley, Mark Ruble, Chris Lind and Zack House of Marcus & Millichap, in association with the firm’s Minnesota broker of record Jon Ruzicka, represented the seller, a Minnesota-based limited liability company. Buyer information was not released.
HURST, TEXAS — Prudent Growth Partners, a North Carolina-based private equity real estate firm, has purchased a 47,364-square-foot retail center in Hurst, located in the northern-central part of the metroplex. Melbourne Plaza, which sold for $7.8 million, was 97 percent leased to 17 tenants at the time of sale. The seller was not disclosed.
NEW YORK CITY — Marcus & Millichap has brokered the $17.5 million sale of a 26,624-square-foot retail building in the Bushwick area of Brooklyn. The building at 321 Starr St. houses 10 units, and tenants include MetroRock, 48 Cypress and New York Film Lab. Shaun Riney, Michael Salvatico, Scott Plasky and Alexander Arustamanian of Marcus & Millichap represented the seller and procured the Canadian buyer in the transaction. Both parties requested anonymity.
Hanley Investment Group Brokers $9.2M Sale of Starbucks-Anchored Retail Strip Center in Southern California
by Amy Works
SAN JUAN CAPISTRANO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $9.2 million sale of Rancho Ortega Plaza, a 23,122-square-foot retail strip center located in San Juan Capistrano, roughly 55 miles south of Los Angeles. Starbucks Coffee anchors the two-story property, which was 89 percent leased at the time of sale. Other tenants include Tannins Wine Bar & Restaurant, Bella Nails and Ortega Dental Care. Rancho Ortega Plaza was built in 2004 on 2.2 acres. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the seller, an Orange County, Calif.-based private investor. Michael Asarch of Asarch Commercial Endeavors represented the buyer, a Los Angeles-based private investor, in the transaction.
Franklin Street Negotiates Sale of 34,460 SF Retail Center in Altamonte Springs, Florida
by Abby Cox
ALTAMONTE SPRINGS, FLA. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot, unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Last Mile Investments purchased the property from an entity doing business as REC I/Brantley Hall LP for an undisclosed price. Zack McNamara and Tyler Hicks of Franklin Street represented the buyer in the off-market transaction. Additionally, McNamara will also handle leasing efforts at the center on behalf of Last Mile Investments. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.”