RAMSEY, N.J. — A joint venture between New York City–based alternative asset manager Wafra and local owner-operator Crossroads Cos. has acquired a 348,742-square-foot retail power center in Ramsey, located near the New York-New Jersey border. Interstate Shopping Center is a grocery-anchored (Shoprite) center that comprises seven buildings and 42 suites. Other tenants include T.J. Maxx, Burlington, Ulta Beauty, Michaels and DSW. Chris Munley, Colin Behr, David Gavin, Ryan Sciullo and Casey Benson Smith of CBRE structured the joint venture. Axiom Capital arranged acquisition financing for the deal. The seller and sales price were not disclosed.
NANUET, N.Y. — Best Buy will open a 35,500-square-foot store in Nanuet, located just north of the New York-New Jersey border. Previously occupied by At Home, the space is located on the ground floor of the Macy’s store at the Shops at Nanuet, which is a redevelopment of the former Nanuet Mall. Jeffrey Howard of RIPCO Real Estate represented the tenant in the lease negotiations, while David Landes and Zach Landes of Royal Properties represented the landlord, Metropolitan Realty Associates.
SALT LAKE CITY — Asana Partners has invested $25 million to redevelop Foothill Village, a 260,000-square-foot retail center located in the East Bench neighborhood of Salt Lake City. The center, which is anchored by grocer Dan’s Fresh Market, features a new central plaza, open-air breezeways, six new tenants and two levels of retail shops. New tenants that will be joining the property later this year include Magnolia Bakery, Zao Asian Café and MD Hyperbaric. JD Flannel Donuts, Mo’ Bettahs and fitness concept [solidcore] have already opened at the center. The final phase of construction, which will be executed in partnership with Salt Lake City in order to connect the center to Curtis Park, will be completed this month.
ST. CHARLES, MO. — Sobremesa has opened a new Mexican restaurant at Streets of St. Charles, a mixed-use property located northwest of St. Louis. The restaurant, located in Suite 130 at 1660 Beale St., joins two hotels, a movie theater, apartments, office space and other restaurants at the development. Cullinan Properties owns and operates the 27-acre Streets of St. Charles.
By Brian Vanevenhoven and Joseph Ziolkowski, Newmark The metro Milwaukee retail market remains strong, supported by historically low vacancy rates. Elevated construction costs — and the resulting pressure on rents — continue to limit new construction, keeping inventory low and occupancy high. The western suburbs have the lowest vacancies in the region and are seeing robust demand for available space. While the urban core continues to face challenges, the Historic Third Ward remains a bright spot, benefiting from favorable demographics and a cultivated consumer base driving strong retail sales. Recent data underscores this trend. While Milwaukee County saw modest population growth in 2025, surrounding suburban counties are expanding at a faster pace, according to CoStar Group. Waukesha County alone has added more than 10,000 residents since 2020, according to the U.S. Census Bureau. This outward migration — driven by affordability, schools and lifestyle preferences — is creating new pockets of retail demand across the metro area. Drivers of growth Several factors are fueling suburban retail expansion. The continued strength of experiential retail, particularly in the fitness and wellness sector, is the most notable driver. Concepts such as Crunch Fitness and Planet Fitness have been among the most active tenants, …
ORLANDO, FLA. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high-net-worth individual from South Florida, in the transaction. The buyer was also not disclosed. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.
BRADENTON, FLA. — SRS Real Estate Partners has arranged the $10.9 million sale of Heritage Station, a 13,538-square-foot retail strip center located in Bradenton. Spanning nearly three acres across two buildings, the newly constructed property was fully leased at the time of sale to tenants including Aspen Dental, Chipotle Mexican Grill, Five Guys, Einstein Bros. Bagels and America’s Best Contacts & Eyeglasses. Heritage Station sits adjacent to Marketplace at Heritage Harbour, a 500,000-square-foot shopping center. William Wamble and Patrick Nutt of SRS represented the seller and developer of the property, a joint venture between SREG, an Atlanta-based retail developer, and Bones Investment Group, a private real estate fund for professional athletes based in Tampa. The buyer was a Minnesota-based private investor.
WEST ORANGE, N.J. — Target has opened a 150,000-square-foot store in the Northern New Jersey community of West Orange. The store, which is ultimately expected to employ about 280 people, is located within West Orange Plaza, a 298,000-square-foot center that is anchored by Whole Foods Market and is currently in the midst of a redevelopment. The store is the Minneapolis-based retailer’s 55th in New Jersey and third to open in the state in the past 12 months. Levin Management Corp. is the leasing agent for West Orange Plaza.
RANDOLPH, MASS. — Local brokerage firm Atlantic Capital Partners (ACP) has arranged the $9 million sale of a former movie theater complex in Randolph, a southern suburb of Boston. The 112,265-square-foot complex previously housed a 16-screen Showcase Cinema that first opened in 1997. Justin Smith, David Smookler, Peter Considine, Danielle Turpin and Matt Austin of ACP represented the seller in the transaction and procured the buyer. Both parties requested anonymity.
DALLAS — JLL has negotiated the sale of a portfolio of five retail strip centers, four of which are scattered across the Dallas-Fort Worth metroplex. The fifth property is located in Waco. The centers’ addresses and square footages were not disclosed. Adam Howells and Erin Lazarus of JLL represented the seller, N3 Real Estate, in the transaction. The buyer was Curbline Properties Corp.
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