FORT DODGE, IOWA — Cleeman Realty Group has brokered the $4.3 million sale of a 66,455-square-foot retail property net leased to Hy-Vee Supermarket in Fort Dodge, about 95 miles north of Des Moines. Hy-Vee has occupied the building at 115 S. 29th St. since 1997. Nearby national retailers include Walmart, Target, Marshalls, Hobby Lobby and Aldi. Jeremy Scheer and Michael Cleeman of Cleeman Realty Group represented the undisclosed buyer and seller. The seller sought to reallocate funds into a different asset class, according to Scheer.
HOUSTON — Metro Philadelphia-based CenterSquare Investment Management has purchased Windermere Village, a 31,355-square-foot retail property in northwest Houston. The center is home to tenants such as Tropical Smoothie Café, Pure Barre, The Joint Chiropractic, Marco’s Pizza and Edible Arrangements. In addition, 85°C Bakery Café and Flying Biscuit Café have will soon open eateries at Windermere Village. The seller and sales price were not disclosed.
ARLINGTON, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Windsor Terrace Center, a 16,767-square-foot retail strip center in Arlington. According to LoopNet Inc., the center was built on 2.2 acres in 1986. Hudson Lambert and Harrison Beethe from STRIVE brokered the deal. The buyer and seller were not disclosed. Windsor Terrace Center was fully leased at the time of sale to tenants such as Subway, State Farm and McCullar’s Irish Pub.
SAN ANTONIO — Rainier Cos., a Dallas-based investment firm, has sold San Antonio Crossing, a 145,819-square-foot shopping center located on the city’s northwest side. Rainier Cos. purchased the center, which is located at the corner of Bandero Road and Loop 1604, in 2019. Texas-based grocer H-E-B anchors the center, and other tenants include Academy Sports + Outdoors, Burlington, Half Price Books, Starbucks Coffee and ModPizza. Philip Levy and Chris Gainey of Marcus & Millichap brokered the deal. The buyer and sales price were not disclosed.
ROLESVILLE, N.C. — Crosland Southeast and Core Sound Development has signed 11 new tenants to Wallbrook, an 80-acre mixed-use development located in Rolesville, roughly 17 miles northwest of Raleigh. Publix will anchor the property, which is scheduled to open its initial phase in mid-2025. The developers have preleased 21,000 square feet to tenants including restaurants, a dental practice, hair salon, massage parlor and Pilates gym. Additionally, Fifth Third Bank has signed a ground lease at an outparcel. Approximately 9,000 square feet of space is still available for lease at the property. Crosland is planning for a second phase with preleasing beginning this spring. Charlie Coyne and Matt Larson of CBRE are leading leasing efforts at Wallbrook, which will have 265,000 square feet of commercial space when fully built-out.
BOSTON — Marcus & Millichap has brokered the $7.9 million sale of three retail buildings totaling 20,924 square feet in Massachusetts and New Hampshire that are leased to automotive services provider Town Fair Tire. The Massachusetts buildings are located in Billerica and Brockton, and the New Hampshire property is located in Nashua. Jim Koury and Alex Quinn of Marcus & Millichap represented the seller, Orion Buying Corp., in the deal. Ryan Wilmer, also with Marcus & Millichap, procured the buyer of the Massachusetts buildings. Robert Rohrer Jr. of Colliers represented the buyer of the New Hampshire asset.
ENGLEWOOD, COLO. — A joint venture between DPC Cos. and Ogilvie Partners has acquired Englewood CityCenter for an undisclosed price. Brad Lyons of CBRE handled the transaction. Englewood CityCenter offers 220,000 square feet of office, retail and multifamily space. The joint venture is working with the City of Englewood on a master redevelopment plan to transform Englewood CityCenter into a community center with multifamily housing, open space for community gathering and a walkable live/work/shop area with retail, services, restaurants and a hotel within the 12-acre site. At the time of sale, the property was 40 percent leased. Current tenants include Harbor Freight, Ross Dress for Less, Petco, Tokyo Joe’s, Jersey Mike’s Subs and Einstein Bros.
SRS Real Estate, Hanley Investment Group Broker $7.2M Sale of Retail Property in Corning, California
CORNING, CALIF. — SRS Real Estate Partners and Hanley Investment Group have arranged the sale of a retail property located at 570 Solano St. in Corning, approximately 25 miles from Chico. A Redding, Calif.-based private investor sold the asset to a Napa Valley, Calif.-based private investor for $7.2 million. Sav-Mor Foods occupies the 32,000-square-foot property, which is situated on 2.6 acres. The store is run by North State Grocery, which operates 21 locations in California and Oregon. Alexander Moore of SRS Capital Markets and Lee Csenar of Hanley Investment Group represented the seller in the transaction.
BELLEVUE, NEB. — Investors Realty Inc. has brokered the $13.6 million sale of the Twin Creek Shopping Center in Bellevue, a southern suburb of Omaha. Situated at the intersection of 36th Street and Highway 370, the property consists of eight retail buildings totaling 83,085 square feet. Ember Grummons of Investors Realty represented the seller, River Village Twin Creek LLC. Tim Kerrigan, Grant Kobes and Jarrot Simon of Investors Realty represented the buyer, Classic Street Partners LLC.
SURPRISE, ARIZ. — SimonCRE has closed on the purchase of the first phase of Asante Trails, a 12.4-acre retail project in Surprise, approximately 35 miles outside Phoenix. SimonCRE has announced a $50 million investment for the acquisition of Asante Trails. According to the Phoenix Business Journal, the seller was a partnership between SimonCRE and Jim Stockwell J. of Clyde Capital LLC, which acquired the land in 2023. The project will be part of a larger 90-acre mixed-use project that will anchor the Asante master-planned community. Phase I of Asante Trails will feature retail tenants including Farmer Boys, Jimmy John’s, Baskin-Robbins, Circle K and Clean Freak Car Wash. Roughly 19,000 square feet is available for lease.