AGREING DEVELOPMENT, a branch of AGREE REALLY CORP., has taken over a retail portfolio with 10 e-ownership, Single-tenant Net Lease-Retail portfolio for $ 75.9 million. The properties are in five states: Colorado, Illinois, Nevada, Texas and Wisconsin.
Kidder Mathews mediated the transaction and represented the non -known seller, a private investor who has left their mark on developing multifamily projects in Beverly Hills, Calif.
A total of 322,304 square foot consists of the retail portfolio of five-guaranteed supermarkets, four car service centers and a Dutch Bros coffee. The former five include three Jewel-Osco locations, one safeway and one Tom Thumb. The Auto Service Centers have one AAA Ground Lease, One Firestone, One Sun Auto and One Jiffy Lube.
Kidder Mathews Senior Vice President and shareholder Paula Danker arranged the deal and collaborated with Parasell Inc. Broker Scott Reid, as well as designated broker solutions-connected brokers Jon Nesbitt, Kristen Zimmerman and Remy Tams.
This year, the American retail landscape seems to be again lines in the midst of evolving trade policy and rising store costs. This has encouraged many retailers to pause expansion plans. At the same time, lease activity fell by 20 percent in the first half of the year, with national net absorption negative for two consecutive quarters – a first since the pandemic – which according to a recent report from Cushman & Wakefield Retail. Retail vacancy amounted to 5.8 percent at the end of the first half of 2025, an increase in 20-base point compared to the first quarter and a 50-based one year ago.
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