Thursday, June 19, 2025
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AcquisitionsFloridaRetailSoutheast

SRS Negotiates $9.5M Sale of Shopping Center in New Smyrna Beach, Florida

by John Nelson

NEW SMYRNA BEACH, FLA. — SRS Real Estate Partners’ Investment Properties Group has negotiated the sale of New Smyrna Shopping Center, a 101,728-square-foot retail center located along US Highway 1 in New Smyrna Beach. Kyle Stonis, Pierce Mayson and Kevin Yaryan of SRS represented both the buyer, an entity doing business as Emerald Eagles LP, and the seller, an entity doing business as RCC New Smyrna Beach Shopping Center LLC, in the $9.5 million transaction. Built in 1963 and renovated in 1995 and 2006, New Smyrna Shopping Center was 98.2 percent leased at the time of sale to tenants including Planet Fitness, AMC Theatres and Dollar General. The AMC is the only movie theater in New Smyrna Beach, according to SRS.

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Leasing ActivityMassachusettsNortheastRetail

KeyPoint Partners Negotiates 21,842 SF Retail Lease in Woburn, Massachusetts

by Taylor Williams

WOBURN, MASS. — Locally based brokerage and advisory firm KeyPoint Partners has negotiated a 21,842-square-foot retail lease at Main Street Shopping Center in Woburn, a northern suburb of Boston. The tenant, Ski Haus, a retailer of outdoor patio furniture and winter sports equipment, will backfill a space previously occupied by AC Moore at the grocery-anchored center. Don Mace of KeyPoint Partners represented the undisclosed landlord in the lease negotiations.

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AcquisitionsNortheastRetailRhode Island

Atlantic Capital Partners Brokers Sale of 123,061 SF Shopping Center in North Kingstown, Rhode Island

by Taylor Williams

NORTH KINGSTOWN, R.I. — Atlantic Capital Partners, the capital markets division of Boston-based Atlantic Retail, has brokered the sale of Frenchtown Plaza, a 123,061-square-foot shopping center located south of Providence in North Kingstown. The sales price was $9.5 million. Justin Smith, Chris Peterson, Sam Koonce and Cole Van Gelder of Atlantic Capital Partners represented the undisclosed seller and the buyer, Ocean State Job Lot, which also anchors the center, in the transaction. Other tenants at Frenchtown Plaza include Walgreens and Ace Hardware.

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AcquisitionsGeorgiaRetailSoutheast

Octave Holdings Acquires Barrett Pavilion Shopping Center in Kennesaw, Georgia for $58.8M

by John Nelson

KENNESAW, GA. — Octave Holdings and Investments LLC, a privately held investment firm based in Alpharetta, Ga., has purchased Barrett Pavilion, a 369,971-square-foot shopping center in Kennesaw. Octave Holdings acquired the center from Stockbridge and Lincoln Property Co. via investment vehicle Octave Opportunity Fund LLC for $58.8 million. Situated near Town Center Mall and shadow-anchored by Target, Barrett Pavilion’s tenant roster includes Total Wine & More, REI, Ulta Beauty, Shoe Carnival, Old Navy, Best Buy Outlet, AMC Barrett Commons 24, Urban Air, buybuy Baby, Hudson Grill, Ted’s Montana Grill and Cold Stone Creamery. Octave’s operations affiliate Pinnacle Leasing and Management will manage the shopping center.

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AcquisitionsLouisianaRetailSoutheast

SRS Arranges $2.2M Sale of Single-Tenant Retail Property in Lafayette, Louisiana

by John Nelson

LAFAYETTE, LA. — SRS Real Estate Partners’ National Net Lease Group has arranged the sale of a single-tenant retail property in Lafayette leased to Shoe Station. The buyer, a private investor based in Texas, purchased the property for $2.2 million. Sabrina Kortlandt of SRS’ New Orleans office represented the seller, a Washington-based family trust, in the off-market transaction. The 13,125-square-foot store is located at 3606 Ambassador Caffery Parkview near Acadiana Mall, Acadiana Square and Ambassador Row.

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AcquisitionsIndianaMidwestRetail

SRS Arranges Sale of 81,619 SF Shopping Center in Evansville, Indiana

by Kristin Harlow

EVANSVILLE, IND. — The Investment Properties Group of SRS Real Estate Partners has arranged the sale of an 81,619-square-foot shopping center in Evansville, a city in Southwest Indiana. The sales price was $4.7 million. The fully leased property is home to Big Lots, Ruler Foods and Barton’s Home Outlet. Kyle Stonis and Pierce Mayson of SRS represented the seller, Bodin Properties 6 LLC. The buyer was Anchor Investments LLC.

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Leasing ActivityMidwestOhioRetail

Lacrosse Unlimited Opens New Store in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Lacrosse Unlimited has opened a new store in the Worthington area of Columbus. Located at 2245 W. Dublin Granville Road, the store marks the 46th location nationwide and the first in Ohio for the lacrosse equipment supplier. Lacrosse Unlimited was founded in 1990 by the DeSimone family, avid lacrosse players, and is headquartered in Edgewood, N.Y.

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CaliforniaLoansRetailWestern

PSRS Arranges $7.6M Refinancing for Retail Center in Los Angeles

by Amy Works

LOS ANGELES — PSRS has arranged a $7.6 million cash-out refinance of a two-story retail center in Los Angeles. The name of the borrower was not released. William DeFanti of PSRS secured the refinancing, which features a 4.45 percent interest rate, five-year term and two years of interest-only payments followed by a 30-year amortization. The subject property is a walk-up retail center with 17 suites.

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Regal-Celebration-Pointe
Company NewsRetailTop Stories

Regal Cinemas’ Parent Company Cineworld Group Files for Chapter 11 Bankruptcy Protection

by Katie Sloan

BRENTFORD, U.K. — Cineworld Group, parent company to Regal Cinemas among other international theater brands, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of Texas.  While a specific plan regarding the company’s real estate was not announced, Cineworld expects to pursue an “optimization strategy” regarding its locations across the U.S. as part of its bankruptcy proceedings. The company is engaging in discussions with its landlords on improving cinema lease terms in hopes of further positioning Cineworld for long-term growth in the U.S., the company says. The Brentford, U.K.-based company was founded in 1995 and has over 747 theaters open across 10 countries, with 511 located in the U.S. As part of its Chapter 11 proceedings, Cineworld is seeking to reduce debt and strengthen its balance sheet in order to accelerate growth. The company has nearly $2 billion in financial commitments from existing lenders to keep operating.  The company expects to operate its global business and cinemas as usual throughout the Chapter 11 process. Cineworld’s subsidiaries and affiliates not engaged in the U.S. or U.K. businesses were not included in the filing and are not part of the Chapter 11 process. Cineworld made …

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AcquisitionsRetailTexas

JAH Realty Acquires 191,103 SF Park West Plaza Shopping Center in Plano

by Taylor Williams

PLANO, TEXAS — JAH Realty, a retail investment firm with offices in Dallas and Oklahoma City, has acquired Park West Plaza, a 191,103-square-foot shopping center in Plano. The property sits on 17 acres and was 98 percent leased at the time of sale to tenants such as Aldi, Elliot’s Hardware, Nadine Floor Co., CiCi’s Pizza, Dairy Queen and Firehouse Subs. Los Angeles-based ASG Real Estate Co. sold the property to JAH Realty for an undisclosed price. Chris Harden and Kris Von Hohn of Cushman & Wakefield brokered the deal. Southside Bank provided acquisition financing.

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