Press Releases
Marcus & Millichap Closes Southern Oregon Shopping Center Sale
September 15, 2025
MEDFORD, Ore., Sept. 15, 2025 – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the $25.25 million sale of Bear Creek Plaza, a 189,670 square-foot shopping center in Medford, Oregon.
“Bear Creek Plaza is the dominant shopping center in the Medford trade area, with strong anchor tenants in Bi-Mart, Dollar Tree, and Crunch Fitness,” said Clayton Brown, senior managing director investments with Brown Retail Group of Marcus & Millichap. “There is a robust credit tenant roster with over 70% of the income stream coming from national or regional tenants and over 50% of the gross leasable area is occupied by tenants that have been at the shopping center for more than 10 years.” Brown and Ruthanne Loar of Marcus & Millichap, in association with David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller, Bear Creek Partners I, LLC, and procured the buyer, Bear Creek CV, LLC. “Bear Creek Plaza has been a well-performing asset for the seller throughout its ownership and offers the buyer a future repositioning opportunity with the five pad buildings included in the sale,” said Loar. “There were challenges throughout the transaction, including the loss of an anchor tenant with the Big Lots bankruptcy declaration. Our team was able to quickly source a new grocer tenant to fill that vacancy and the property was 100% leased at the time of the sale. We appreciate the opportunity to be a part of the transaction and to help accomplish the seller’s goal for the property.”
Built in 1977 on nearly 17 acres, Bear Creek Plaza is adjacent to Interstate 5, which sees over 105,000 vehicles per day. Bi-Mart has been a tenant since 1977, Dollar Tree since 2000, and Crunch Fitness recently opened this location. The tenant roster also includes McDonald’s, Wendy’s, Carl’s Jr., First Interstate Bank, OneMain Financial, Metro PCS, Papa Murphy’s, and Sally Beauty Supply
“Since the start of 2023, Marcus & Millichap and Brown Retail Group of Marcus & Millichap have been very active in shopping center and net lease investment sales in Oregon with 69 transactions completed for nearly $220 million,” said Joel Deis, first vice president and regional manager.
“Bear Creek Plaza is the dominant shopping center in the Medford trade area, with strong anchor tenants in Bi-Mart, Dollar Tree, and Crunch Fitness,” said Clayton Brown, senior managing director investments with Brown Retail Group of Marcus & Millichap. “There is a robust credit tenant roster with over 70% of the income stream coming from national or regional tenants and over 50% of the gross leasable area is occupied by tenants that have been at the shopping center for more than 10 years.” Brown and Ruthanne Loar of Marcus & Millichap, in association with David Tabata, Marcus & Millichap’s broker of record in Oregon, represented the seller, Bear Creek Partners I, LLC, and procured the buyer, Bear Creek CV, LLC. “Bear Creek Plaza has been a well-performing asset for the seller throughout its ownership and offers the buyer a future repositioning opportunity with the five pad buildings included in the sale,” said Loar. “There were challenges throughout the transaction, including the loss of an anchor tenant with the Big Lots bankruptcy declaration. Our team was able to quickly source a new grocer tenant to fill that vacancy and the property was 100% leased at the time of the sale. We appreciate the opportunity to be a part of the transaction and to help accomplish the seller’s goal for the property.”
Built in 1977 on nearly 17 acres, Bear Creek Plaza is adjacent to Interstate 5, which sees over 105,000 vehicles per day. Bi-Mart has been a tenant since 1977, Dollar Tree since 2000, and Crunch Fitness recently opened this location. The tenant roster also includes McDonald’s, Wendy’s, Carl’s Jr., First Interstate Bank, OneMain Financial, Metro PCS, Papa Murphy’s, and Sally Beauty Supply
“Since the start of 2023, Marcus & Millichap and Brown Retail Group of Marcus & Millichap have been very active in shopping center and net lease investment sales in Oregon with 69 transactions completed for nearly $220 million,” said Joel Deis, first vice president and regional manager.
# # #
About Marcus & Millichap, Inc. (NYSE: MMI)
Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit www.MarcusMillichap.com.
