CONVERSE, TEXAS — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail strip center located in Converse, roughly 14 miles northeast of San Antonio. Built in 2020, the center was fully leased at the time of sale to tenants such as Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor, in the transaction.
HOCKLEY, TEXAS — PrimeSpot will open an 8,200-square-foot fueling station and convenience store in Hockley, located northwest of Houston. PrimeSpot purchased 2.1 acres within The Grand Prairie, a master-planned community that is being developed by EMBER Real Estate Investment & Development, at the corner of Warren Ranch and Baethe roads. Construction is scheduled to begin in October and will be carried out in two phases, the second of which will add more retail space. Completion is slated for fall 2026. The Grand Prairie will ultimately feature about 6,000 single-family homes on 1,730 acres.
SAN DIEGO — JLL Capital Markets has arranged the $34.9 million sale and financing of The Headquarters, an open-air shopping center in San Diego’s Marina District at the entrance to Seaport Village. A private real estate investment firm sold the property to a private real estate partnership. Located at 789 W. Harbor Drive, The Headquarters features 73,823 square feet of retail space. The former San Diego Police headquarters complex was completely repositioned in 2013 and features a mix of food and beverage, daily needs and apparel tenants. At the time of sale, the property was 83.3 percent leased. Current tenants include Eddie V’s, The Cheesecake Factory, Puerto, Galpão Gaucho Brazilian Steakhouse, Wedgewood Weddings and Starbucks Coffee. Gleb Lvovich, Geoff Tranchina and Daniel Tyner of JLL represented the seller in the transaction. Gregg Shapiro and John Marshall of JLL assisted with the deal.
DENVER — Platinum Commercial Real Estate (CRE) has arranged the sale of 2000 North Broadway, a freestanding retail building in Denver. Broadway Cali Partners LLC sold the property to 2000 N Broadway Denver LLC for $3.5 million. Paul Cattin of Platinum CRE represented the seller, while Kara Turner of Cushman & Wakefield represented the buyer in the deal.
WEST BLOOMFIELD, MICH. — The Back Nine Golf Simulator has signed a 2,127-square-foot retail lease at Crosswinds Mall in West Bloomfield. Michael Murphy of Gerdom Realty & Investment represented the tenant, which is opening its ninth location in Michigan. Marvin Petrous of Signature Associates represented the undisclosed landlord.
PHILADELPHIA — Marcus & Millichap has brokered the $27.1 million sale of a portfolio of four retail properties in metro Philadelphia that are leased to convenience store operator Wawa. The buildings were all constructed within the past three years and are located in Newtown, Pottstown, Warrington and Fairless Hills. Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the buyer, a private investor based in Bucks County, in the 1031 exchange transaction. The sellers included regional developers, local private owners and East Coast-based owners and operators. All parties requested anonymity.
MORGAN HILL, CALIF. — Marcus & Mililchap has brokered the sale of a 7-Eleven net-leased retail property located at 18590 Skipper Lane in Morgan Hill. The asset traded for $8 million. Built in 2021, the 3,700-square-foot property sits on a 1.3-acre lot. Darpan Patel, James Defusto and Dan Yozwiak of Marcus & Millichap represented the seller in the deal. Tony Solomon of Marcus & Millichap served as broker of record in California.
CHICAGO — Kingsbury Orleans LP, a partnership led by an affiliate of Next Realty LLC, has refinanced Kingsbury Center located at 350 W. Hubbard St. in Chicago’s River North. The Next Realty affiliate has been an investment partner in the 135,315-square-foot office and retail building since it was developed in 1988. Habitat, a major building tenant, has provided management services since 1992 in addition to maintaining an ownership interest through an affiliate. Proceeds from the long-term refinancing, which extends through 2050, provide working capital and flexibility to market and build out currently available building vacancies. At the time of the refinancing, Kingsbury Center was 95 percent leased. Kingsbury Center rises six stories with 92,433 square feet of office space and 42,882 square feet of ground-floor retail space. Signature tenants include Habitat, Related Cos., CVS and Petco. Office tenants are primarily in the finance, real estate, legal and service sectors. Steve Levitas of Newmark is leasing the office space vacancy. Daniel Rosenberg of BWE arranged the financing.
CHARLOTTE, N.C. — CBRE has arranged the $110 million sale of SEVEN20 at Legacy Union, a 14-level parking facility located at 720 S. Church St. in Uptown Charlotte. Lincoln Harris sold the 1.1 million-square-foot property to Highwoods Properties. Patrick Gildea and Matt Smith of CBRE represented the seller in the transaction. Built in 2019 as part of the 10.2-acre Legacy Union mixed-use development, SEVEN20 at Legacy Union is the largest parking facility in the Carolinas, according to CBRE. The facility features a double-helix structure, two elevator towers, 3,057 parking stalls, 14,360 square feet of ground-level retail space and a pedestrian bridge on the fifth level that connects to Bank of America tower. The property is also equipped to accommodate guest parking for Carolinas Panthers games and other events taking place at the nearby Bank of America Stadium.
LONGVIEW, TEXAS — Fort Worth-based owner-operator Trademark Property Co. and department store retailer Dillard’s have partnered to purchase Longview Mall in East Texas, with plans to undertake a repositioning. The Wall Street Journal reports that the sales price was $34 million. The mall originally opened in 1978 and welcomes some 3.7 visitors annually. In addition to Dillard’s, tenants at the property include Dick’s Sporting Goods, J.C. Penney, HomeGoods, Bath & Body Works, Foot Locker, H&M, Kay Jewelers, Auntie Anne’s, Chick-fil-A and Chuck E. Cheese. The name of the seller, as well as specifics of the repositioning plan, were not disclosed.