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NEWS ROUNDUP
DISPOSITION: Continental Realty sells two adjacent Mount Pleasant centers after taking Sweetgrass Corner from 33 percent leased. Continental Realty Corp. has sold Sweetgrass Corner and The Shops at Towne Centre Way, two adjacent shopping centers in Mount Pleasant, South Carolina, totaling 95,370 square feet. Sweetgrass Corner spans 88,316 square feet, while The Shops at Towne Centre Way totals 7,054 square feet. Both properties were fully leased at the time of sale, with tenants including Trader Joe’s, HomeSense, and Golf Galaxy. CRC acquired Sweetgrass Corner in 2022 for $17 million, when it was approximately 33 percent leased, and purchased The Shops at Towne Centre Way that same year for $3.9 million. CRC repositioned Sweetgrass Corner through significant capital investment, strategic leasing and active asset management, transforming it into a fully leased retail destination. The centers are adjacent to Mount Pleasant Towne Centre, CRC’s 510,000 SF lifestyle center.
DISPOSITION: Corrigan Investments sells 113,823 SF grocery-anchored Dallas center. Corrigan Investments has sold Pavilion on Lovers Lane, a 113,823 SF neighborhood shopping center at 5600–5710 West Lovers Lane in Dallas, Texas. The two-building property, anchored by a specialty grocer, was 99.7 percent leased at the time of sale. Tenants include Eatzi’s, Odelay, Stay Fit Studios and La La Land Café. Built in 1986 and 2006 and renovated in 2023, the center occupies approximately seven acres. Barry Brown and Erin Myer of JLL Capital Markets’ Investment and Sales Advisory team represented the seller, while Wally Reid, Kristi Leonard and Luke Rogers arranged acquisition financing.
ACQUISITION: Pinellas County Developer buys The Shops at Surfside in Cape Coral for $12.3M. Trifon Houvardas, owner and broker of Foresight Property Services, acquired The Shops at Surfside, a 117,556 SF shopping center at 2354 Surfside Blvd. in Cape Coral, Florida, for $12.3 million. The 8.26-acre property was fully leased at the time of sale and is anchored by Belk and Anytime Fitness. Additional tenants include Island Doctors (Humana), Torched Bar & Grill, Ginger Bistro Cape Coral and Keg & Cow. The previous owner was a Naples-based LLC that acquired the center for $7 million in 2021. Daniel Gonzalez of Matthews represented Houvardas in the transaction.
ACQUISITION: MCB Real Estate buys ownership interest in 165,565 SF Annapolis Plaza. MCB Real Estate has acquired an ownership interest in Annapolis Plaza, a 165,565 SF shopping center at 150 Jennifer Road in Annapolis, Maryland. The Baltimore-based real estate investment firm will oversee leasing strategy, asset management and property management, while an unnamed institutional partner retains an ownership interest. The grocery-anchored center’s tenants include Trader Joe’s, Homesense, HomeGoods and Marshalls, with a 16,818 SF World Market store planned to join the lineup. Annapolis Plaza recorded 2.8 million visits in 2025, according to MCB. P. David Bramble, MCB’s managing partner and co-founder, said the acquisition supports the firm’s strategy of expanding its retail platform.
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