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NEWS ROUNDUP
ACQUISITION: Delza Properties, CedarPlaza Partners buy 83,300 SF Cedar Plaza in Cedartown, Georgia, for $10.3M. Atlanta-based Delza Properties and CedarPlaza Partners acquired Cedar Plaza, an 83,300 SF, Kroger-anchored shopping center at 720–730 N. Main St. in Cedartown, Georgia, for $10.3 million. Additional tenants include Planet Fitness, Aaron’s, Nation Nails, The Border Mexican Restaurant and Neighbor’s Pack & Ship. Newmark’s Mark Joines and Drew Fleming represented the seller. Delza Properties Managing Director and CEO Josh Ahlzadeh was identified with the buyer. The available coverage does not identify CedarPlaza Partners’ principal or establish whether it was formed specifically for this acquisition or operated as a pre-existing sponsor.
ACQUISITION: CBRE Investment Management, MCB Real Estate acquire 1.1M SF Grocery-Anchored Portfolio; Eagan Center trades for $23.55M. Eagan Town Centre, a 153,233 SF Cub Foods-anchored retail center in Eagan, Minnesota, was valued at $23.55 million as part of a seven-property portfolio transaction involving CBRE Investment Management and MCB Real Estate. The broader portfolio totals approximately 1.1 million square feet across Hawaii, Louisiana, Minnesota, North Carolina, and Texas. Other assets include Northlake Shopping Center in Mandeville, Louisiana; Preston Trail Village in Dallas; Marketplace Shopping Center in Temple, Texas; Sprouts Crossing in Hurst, Texas; Riverview Shopping Center in Durham, North Carolina; and Kauai Village Shopping Center in Kapaʻa, Hawaii.
ACQUISITION: Brixton Capital buys 89,252 SF Escondido Gateway Shopping Center for $28M. Solana Beach-based Brixton Capital acquired Escondido Gateway Shopping Center in Escondido, California, for $28 million from Mountain Pacific Properties in an off-market deal. Built in 2003, the 89,252 SF center was 96.8% leased and features Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro. Cushman & Wakefield’s Phil Lyons and Vince Provenzano represented the seller; Brixton Capital represented itself. Brixton was founded by Marc Brutten in 2012 as the Brutten family office’s private investment vehicle.
ACQUISITION: Curbline Properties buys Five-Property Unanchored Retail Portfolio Across Texas. New York-based Curbline Properties acquired the N3 DFW Strip, a five-property retail portfolio from N3 Real Estate spanning Flower Mound, Hudson Oaks, Southlake and Red Oak in the Dallas-Fort Worth area, plus Waco. The properties are located at 2645 E. Southlake Blvd. in Southlake; 1050 Flower Mound Road in Flower Mound; 200 S. Oakridge Drive in Hudson Oaks; 109 E. Ovilla Road in Red Oak; and 208 Hewitt Drive in Waco. Tenants across the portfolio include Starbucks, Handel’s Ice Cream, Burn Boot Camp, Jersey Mike’s Subs, HOTWORX, GNC, The UPS Store, Little Caesars Pizza, Anytime Fitness, and The Joint Chiropractic. JLL Capital Markets’ Adam Howells and Erin Lazarus represented the seller.
DISPOSITION: SITE Centers sells 92K SF Meadowmont Crossing in Chapel Hill for $11.1M. SITE Centers sold Meadowmont Crossing in Chapel Hill, North Carolina, for approximately $11.1 million on May 4, 2026. The center has approximately 92,000 square feet of owned GLA, with UNC Health Care as its principal anchor. The buyer and brokerage team were not identified in SITE Centers’ press release or SEC disclosures. The sale is part of SITE Centers’ ongoing asset-disposition strategy following the October 2024 spinoff of Curbline Properties, which became an independent, publicly traded REIT.
LEASE SIGNED: Sprouts Farmers Market to Anchor 40K SF Devine Crossing Redevelopment in Columbia, South Carolina. TSCG signed Sprouts Farmers Market to anchor Devine Crossing, a roughly 40,000-square-foot redevelopment at 3818 Devine St. in Columbia, South Carolina. The 24,113-square-foot store will replace a former Piggly Wiggly, with another 15,000 square feet planned for inline retail and multi-tenant space. Cason Development acquired the 3.2-acre property in 2025 and is leading the redevelopment. Sprouts is expected to open in 2027. TSCG’s Alan Freeman represented Sprouts in lease negotiations, while Jeff Yurfest and Tyler Freeman handled leasing for the remaining space.
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