OMAHA, NEB. — Trader Joe’s will open at Avenue One, a mixed-use destination along the Dodge Expressway in West Omaha. The grocery store will span 13,500 square feet. Additional retailers at Avenue One include Arhaus, Williams-Sonoma, Pottery Barn, West Elm, Perry’s Steakhouse & Grille, Barnes & Noble, L.L. Bean and Ulta Beauty. An opening date for Trader Joe’s has not been announced yet. Avenue One is owned and developed by JSP Development, with Poag Shopping Centers serving as retail co-developer and JLL overseeing leasing.
Nebraska
OMAHA, NEB. — Eastham Capital and Bender Cos. have acquired Village at Grant Square Apartments, a 204-unit community in Omaha. South Florida-based Eastham utilized its fund, Eastham Capital Fund VII LP. To date, Eastham and Bender have co-invested in 16 projects. Village at Grant Square is currently 93 percent occupied and features average monthly rents of $1,025. The joint venture plans to make capital improvements, including renovations to select units, enhancements to the clubhouse and common areas, and targeted roof and exterior upgrades. Originally constructed in 1974, Village at Grant Square is an eight-building community with a mix of one- and two-bedroom floor plans averaging 946 square feet. Amenities include a pool, dog park, fitness center, business center, laundry facilities and detached garage parking. Anthony Martinez, Parker Stewart, Dominic Martinez and Alex Malzone of Northmarq brokered the $17.2 million sale of the property and represented the seller, a New York-based private investment group. Brett Hood of Northmarq originated $13.8 million in Fannie Mae DUS acquisition financing. The loan features a five-year term.
How Avenue One is accelerating the next generation of retail growth in Omaha. By Abby Cox Retail has a simple rule: Follow the people. In Omaha, Nebraska, the people have been moving west, and as new neighborhoods, businesses and households reshape the city’s increasingly affluent western edge, the demand for places to shop, eat and gather has followed close behind. Now, at the intersection of 192nd Street and the Dodge Expressway, that growth is converging in Omaha’s most ambitious retail development to date. Avenue One is being designed as more than a collection of stores — it’s a new retail destination built around the idea that Omaha’s next generation of growth deserves a retail environment to match it. Avenue One is the long-awaited realization of a vision from Omaha-based JSP Development, which assembled the 200-acre site over more than two decades. When the first piece of ground was purchased, 192nd Street was a two-lane gravel road. Now, that same street is six lanes, with the Dodge Expressway seeing more than 72,000 cars per day. Average household income exceeds $200,000, resulting in some of the strongest demographics in the Midwest. JSP Development and Poag Development Group are leading development, while JLL …
OMAHA, NEB. — Opus has broken ground on a 65,000-square-foot build-to-suit facility for Viking Industrial Painting in Omaha. The project, located in Rainwood Industrial Park, will serve as the 25-year-old company’s new headquarters and operations base. Viking Industrial Painting specializes in inspecting, painting and maintaining municipal water towers and maintains six regional offices across the country. Opus is the developer and design-builder on the project. Completion is slated for July 2027.
OMAHA, NEB. — Opus has broken ground on Rainwood Industrial, a 272,076-square-foot speculative industrial facility within Rainwood Industrial Park in Omaha. The project will feature a clear height of 32 feet, 29 dock doors, two drive-in doors and 176 vehicle parking spaces. The building will accommodate up to six users. Opus is the developer and design-builder, and SVPA Architects is the architect. Denny Sciscoe of Lund Co. is marketing the project for lease. Completion is slated for April 2027. Rainwood Industrial Park is located less than two miles from I-680, less than 10 miles from I-80 and directly east of a Google data center.
SOUTH SIOUX CITY, NEB. — Greysteel has brokered the $15.3 million sale of Dakota Pointe, a 143-unit multifamily property in South Sioux City. Built in 1994, the property was fully leased at the time of sale. Units come in one-, two- and three-bedroom floor plans. Greysteel represented the seller. Both the buyer and seller were private investors based in South Dakota.
MICHIGAN AND NEBRASKA — National daycare franchise The Learning Experience has unveiled plans to open 12 new centers over the next three years, adding 120,000 square feet. Each location will total up to 10,000 square feet of indoor building space with up to a 5,000-square-foot playground. Each center will employ as many as 30 staff members and certified teachers to serve upwards of 180 children between six weeks and six years of age with daycare and early childhood education. Eight are planned for Michigan, with six in the Detroit area and two in Grand Rapids. The other four are planned for Nebraska, evenly split between the Lincoln and Omaha metro areas. The Learning Experience, which is owned by private equity group Harvest Partners, now maintains 491 centers open and operating. The Florida-based franchise opened 57 new centers in 2025 and 29 so far in 2026, with another 305 currently under development.
OMAHA, NEB. — Agemark Senior Living has acquired Esprit Whispering Ridge, an assisted living and memory care community located in Omaha. Agemark has rebranded the property as The Bellflower at Whispering Ridge. Along with its undisclosed investment partner, Agemark plans to invest approximately $1.3 million in capital improvements at the community. Moving forward, The Bellflower will also offer independent living and “assisted living plus” units. This acquisition brings Agemark’s Omaha portfolio to five communities totaling more than 450 units.
OMAHA, NEB. — Marcus & Millichap has negotiated the sale of a 113-room Fairfield Inn & Suites hotel property in downtown Omaha. Adam Lewis is Marcus & Millichap’s Nebraska broker of record. The firm marketed the property on behalf of the seller and procured the buyer, both private investor groups. Fairfield Inn & Suites Omaha Downtown is located within walking distance of Charles Schwab Field, home of the College World Series.
OMAHA, NEB. — Marcus & Millichap Capital Corp. (MMCC) has arranged $25.8 million in financing for the Preserve at Evans Place, a 418-unit multifamily property located at 10505 Evans Plaza in Omaha. Robert Bhat of MMCC arranged the two-year, nonrecourse financing on behalf of a private client. The loan, provided by a regional bank, features a 5.8 percent interest rate and an 80 percent loan-to-value ratio. The property was recently renovated and offers a mix of one- and two-bedroom units. Amenities include a clubhouse, fitness center, barbecue area, swimming pool and pet park.
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