Retail

Marcus & Millichap Brokers $14M Sale of LA Fitness-Anchored Retail Property in Metro Chicago

by Kristin Harlow July 9, 2026

MUNDELEIN, ILL. — Marcus & Millichap has arranged the nearly $14 million sale and financing of a LA Fitness-anchored, four-suite retail property in Mundelein. Austin Weisenbeck and Shean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an experienced real estate investor and developer in Chicagoland. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer, which completed a 1031 exchange. Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged $9.8 million in acquisition financing through a regional lender. The 89,357-square-foot shopping center is situated on 7.5 acres at 1555 S. Lake St. Built in 2019, the property is home to Kids Empire, The Dog Stop and The Picklr Club. The asset is part of Townline Square Shopping Center.

July 9, 2026

Acquisitions Mississippi Retail Southeast

Newmark Arranges Sale of Whole Foods-Anchored Shopping Center in Jackson

by John Nelson July 9, 2026

JACKSON, MISS. — Newmark has arranged the sale of Highland Village, a 217,589-square-foot shopping center located at 4500 I-55 N in Jackson. Mississippi’s only Whole Foods Market anchors the 14.5-acre property, which was originally developed in 1960 and redeveloped in 2017 by the seller, WS Development. Charlotte-based Asana Partners purchased the shopping center for an undisclosed price. Conor Lalor of Newmark represented the seller in the transaction. Highland Village was approximately 90 percent leased at the time of sale to tenants including Free People, Kendra Scott, lululemon and Maison Weiss.

July 9, 2026

Acquisitions Mississippi Retail Southeast

Marcus & Millichap Brokers Sale of 99,097 SF Shopping Center in Grenada, Mississippi

by John Nelson July 9, 2026

GRENADA, MISS. — Marcus & Millichap has brokered the sale of Riverbirch Plaza, a 99,097-square-foot shopping center located at 1201-1231 Sunset Drive in Grenada, which is roughly midway between Jackson, Miss., and Memphis via I-55. Built in 1976, the shopping center is situated on 9.5 acres and was fully leased at the time of sale to 11 tenants, including Harbor Freight, Dollar General and The UPS Store. Mickey Davis, Chris Leppanen and Davis Owen of Marcus & Millichap represented the seller, Action Properties, which has owned Riverbirch Plaza for the past 12 years. Davis, who is Marcus & Millichap’s broker of record in Mississippi, also procured the locally based buyer, Delta Farms LLC.

July 9, 2026

Acquisitions California Restaurant Retail Western

Marcus & Millichap Arranges $5.1M Sale of Single-Tenant Restaurant Property Near Los Angeles

by Amy Works July 9, 2026

WOODLAND HILLS, CALIF. — Marcus & Millichap has arranged the $5.1 million sale of a single-tenant restaurant building located approximately 26 miles northwest of downtown Los Angeles in Woodland Hills. Built in 1978, the 10,000-square-foot building is leased to full-service Mexican restaurant El Torito. Brandon Michaels of Marcus & Millichap marketed the property on behalf of the seller, an entity doing business as Kia Canoga Warner LLC, and procured the buyer, an undisclosed private investor.

July 9, 2026

Acquisitions Arizona Restaurant Retail Western

Cushman & Wakefield Brokers $2.4M Sale of Black Rock Coffee Bar in El Mirage, Arizona

by Amy Works July 8, 2026

EL MIRAGE, ARIZ. — Cushman & Wakefield has brokered the $2.4 million sale of a newly developed restaurant building located at 12443 NW Grand Ave. in El Mirage, located west of Glendale. The sales price was $2.4 million. Black Rock Store Operations LLC occupies the 620-square-foot building via one of its 181 Black Rock Coffee Bar locations across seven states. The coffee bar offers specialty coffee, energy drinks, breakfast sandwiches, bagels, egg bites and grab-and-go pastries. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the deal. Both parties were limited liability companies.

July 8, 2026

Acquisitions Midwest Ohio Retail

Kroger Agrees to Acquire Giant Eagle for $1.65B

by Kristin Harlow July 8, 2026

CINCINNATI AND PITTSBURGH — The Kroger Co. and Giant Eagle Inc. have entered into a definitive agreement under which Kroger will acquire Giant Eagle, a family-owned food and pharmacy retailer based in Pittsburgh with 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The transaction has been unanimously approved by Cincinnati-based Kroger’s board of directors. The purchase price of $1.65 billion is comprised of $1.25 billion in cash consideration and the assumption of approximately $400 million in outstanding liabilities. The transaction is expected to close in 2027, subject to receipt of required regulatory clearance and other customary closing conditions.

July 8, 2026

Acquisitions Illinois Midwest Retail

Quantum Brokers Sale of 88,000 SF Shopping Center in Geneva, Illinois

by Kristin Harlow July 8, 2026

GENEVA, ILL. — Quantum Real Estate Advisors Inc. has brokered the sale of an 88,000-square-foot shopping center in Geneva. Located at 1310 Commons Drive, the property consists of four multi-tenant and two single-tenant buildings. Dan Waszak and Brett Berlin of Quantum brokered the transaction. The buyer was a global real estate investment manager, and the seller was an investment fund based on the East Coast.

July 8, 2026

Development Florida Retail Southeast

SJC Ventures Opens 43,000 SF Whole Foods Grocery Store in Doral, Florida

by John Nelson July 7, 2026

DORAL, FLA. — Atlanta-based SJC Ventures has opened a 43,000-square-foot Whole Foods Market in Doral, a western suburb of Miami. The grocery store anchors Doral Marketplace, a nearly 90,000-square-foot shopping center, and includes 500 products from Florida-based suppliers. Other tenants at Doral Marketplace include Shake Shack, J.Crew, First Watch, GoodVets, The Spot Barbershop, Pacific Dental, PNC Bank, Warby Parker, Tide Dry Cleaners, Ulta Beauty, Apizza Brooklyn Resto + Vino and Chick-fil-A. The design-build team for the Whole Foods store included architect Dynamik Design and general contractor Oak Construction.

July 7, 2026

Acquisitions Kansas Leasing Activity Midwest Retail

Quilters HQ Relocates to 10,000 SF Store in Overland Park, Kansas

by Kristin Harlow July 7, 2026

OVERLAND PARK, KAN. — Quilters HQ, a family-owned and operated quilt shop, has relocated from Olathe to 9012 Metcalf Ave. in Overland Park. Daniel Brocato of Block & Co. Inc. Realtors represented Quilters HQ in the sale of its original location at 16175 W. 13 5th St. in Olathe as well as the lease for its new 10,000-square-foot building in the Block & Co.-managed Glenwood Plaza Shopping Center in Overland Park. The store is now open. Starfish Project Foundation, a local aid organization, will soon occupy Quilters HQ’s previous location in Olathe. To facilitate the successful completion of the transaction, Brocato and Starfish Project representative Karla Johnson of Keller Williams both donated a portion of their commissions. Due to tight timeline restrictions, Starfish Project will reside in a temporary location within Block & Co.-managed Blackbob Corners Shopping Center in Olathe provided by Brocato and David Block. The nonprofit is expected to move into its permanent location within the next few months.

July 7, 2026

Acquisitions California Net Lease Retail Western

Hanley Investment Group Negotiates $4.6M Sale of Two-Tenant Retail Property in Victorville, California

by Amy Works July 7, 2026

VICTORVILLE, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $4.6 million sale of a two-tenant retail property in Victorville. A Los Angeles-based private investor sold the asset to an undisclosed buyer. Located at 13720 Bear Valley Road, the 19,300-square-foot building was formerly occupied by Rite Aid and renovated in 2024. The property is currently leased to AutoZone and Dollar Tree on new 10-year triple-net leases. Bill Asher and Kevin Fryman of Hanley Investment Group represented the seller in the transaction.

July 7, 2026

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