Retail

Diversified Partners Advances 163-Acre Retail Center Development in Mesa, Arizona

by Amy Works July 2, 2026

MESA, ARIZ. — Diversified Partners is advancing the development of Destination at Gateway, a 163-acre retail center located at Signal Butte Road in Mesa. The project will include two components: 24 Auto Row, an 80-acre, purpose-built auto mall, and an adjacent power center. Off-site improvements on the east side of Signal Butte Road have been completed, while site work on the west side is underway and is scheduled to be completed by the third quarter of 2026. Current and planned tenants for the project’s power center include Walmart, 7 Brew, Take 5 Oil Change, Taco Bell, Zara Nail Bar and PAC Dental. Additional leasing opportunities remain available for drive-thru pads, shop space and a future junior anchor retailer.

July 2, 2026

California Loans Retail Western

Gantry Arranges $15.4M in Financing for Two Retail Properties in Monterey Bay Region

by Amy Works July 2, 2026

SALINAS AND CAPITOLA, CALIF. — Gantry has arranged $15.4 million in permanent loans to refinance two separately owned neighborhood retail properties located at different ends of the Monterey Bay region. Tom Dao and Jake Davis of Gantry represented the borrowers, both private real estate investors. The first property, Creek Bridge Village in Salinas, features 35,000 square feet of retail space and 17 apartments spread across five buildings. The 10-year, fixed-rate nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service the loan for the lender. The second property, Brown Ranch Marketplace in Capitola, features 85,000 square feet of retail space that is anchored by Trader Joe’s. The property received a 10-year, fixed-rate loan from a regional bank. The loan features a 25-year amortization with prepayment flexibility.

July 2, 2026

Acquisitions Arizona Retail Western

Phoenix Commercial Advisors Directs $10.7M Sale of Retail Center in Surprise, Arizona

by Amy Works July 2, 2026

SURPRISE, ARIZ. — Phoenix Commercial Advisors has directed the $10.7 million sale of Grand Village Center, a necessity-based retail center in Surprise. The asset traded for $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal. The name of the buyer was not released. Built in 2005, the 52,685-square-foot Grand Village Center was 97 percent leased at the time of sale to an internet-resistant mix of tenants with Elevate Trampoline Park as the anchor.

July 2, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 29,986 SF Retail Strip Center in Katy, Texas

by Taylor Williams July 2, 2026

KATY, TEXAS — JLL has brokered the sale of Firethorne Plaza, a 29,986-square-foot retail strip center in the western Houston suburb of Katy. Located at the entrance to the Firethorne master-planned community, the center was fully leased at the time of sale to tenants such as Edward Jones, Pizza Hut, Tide Cleaners and Eye Level Learning. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was Cincinnati-based shopping center REIT Phillips Edison & Co.

July 2, 2026

Development Northeast Pennsylvania Restaurant Retail

Comcast Spectator, Cordish Cos. Complete Redevelopment of South Philadelphia Sports Complex

by Taylor Williams July 2, 2026

PHILADELPHIA — Philadelphia-based Comcast Spectator and The Cordish Cos., a Baltimore-based developer specializing in sports-anchored entertainment districts, have completed the redevelopment of the Stateside Live! sports complex in South Philadelphia. The redevelopment features the addition of a two-story building with a rooftop space known as AVA Rooftop Bar, a performance stage with 1,000 premium seats and a 5,000-person capacity, an expansion of PBR Philly via a dedicated outdoor stage and dance floor and an open-air beer garden. Ownership also introduced new dining options, including local restaurants such as Chickie’s & Pete’s, Lorenzo’s Pizza and Geno’s Steaks. The project was first announced in late 2024.

July 2, 2026

Acquisitions Illinois Midwest Retail

Mid-America Brokers Sale of 70,144 SF Retail Center in Park Ridge, Illinois

by Kristin Harlow July 2, 2026

PARK RIDGE, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Shops of Uptown, a 70,144-square-foot, grocery-anchored retail center in the Chicago suburb of Park Ridge. Anchored by Trader Joe’s, The Shops of Uptown is part of the larger Uptown mixed-use development. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Phillips Edison Co. An institutional investment manager was the buyer.

July 2, 2026

Acquisitions California Mixed-Use Restaurant Retail Western

Redwood West, Panattoni Purchase 394,616 SF The Pike Lifestyle Center in Long Beach, California

by Amy Works July 1, 2026

LONG BEACH, CALIF. — Redwood West, in partnership with Panattoni, has purchased The Pike, a 394,616-square-foot waterfront retail, dining and entertainment lifestyle center in Long Beach. Terms of the purchase were not released. Located at 95 S. Pine Ave., The Pike features mixed-use commercial space that was 91 percent leased at the time of sale. Current tenants include Cinemark Theaters, Restoration Hardware, EōS Fitness, Nike Factory Store, H&M, Levi’s, P.F. Chang’s, Gladstones, California Pizza Kitchen and Starbucks Coffee. Redwood West and Panattoni plan to invest $20 million to deliver placemaking initiatives, community-focused events, strategic leasing, neighborhood-serving uses and experiential activations.

July 1, 2026

Acquisitions Retail Texas

Prudent Growth Acquires 28,850 SF Retail Center in Rowlett, Texas

by Taylor Williams July 1, 2026

ROWLETT, TEXAS — North Carolina-based investment firm Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail center in Rowlett, approximately 20 miles northeast of Dallas. The sales price was $7.4 million. The center was fully leased at the time of sale to tenants including Baylor Scott & White Outpatient Rehabilitation, HealthPro Pharmacy & Wellness Center, Eagle Food Beer & Wine, Wanda’s Studio and The Track Grill and Bar. The seller was not disclosed.

July 1, 2026

Acquisitions Alabama Retail Southeast

FrostPoint Capital Acquires 22,069 SF Metro Birmingham Retail Center for $5.6M

by Abby Cox June 30, 2026

HOOVER, ALA. — FrostPoint Capital has acquired Lake Crest Plaza, a 22,069-square-foot retail center located in Hoover, roughly 10 miles south of Birmingham, for $5.6 million. The seller requested anonymity. The property, which was fully leased at the time of sale, features a mix of 13 tenants including Whiskey Foxtrot Burger Dive, Oak & Ale and Cajun Cleaver. Crawford Square Real Estate Advisors will manage and lease the center, along with FrostPoint Capital.

June 30, 2026

Leasing Activity North Carolina Retail Southeast

Six New Tenants Sign Leases at Mixed-Use Development in Pittsboro, North Carolina

by Abby Cox June 30, 2026

PITTSBORO, N.C. — Six new tenants have signed leases at MOSAIC at Chatham Park, a 44-acre development in Pittsboro, roughly 35 miles east of Raleigh. MOSAIC serves as the commercial gateway to Chatham Park, an 8,500-acre mixed-use development currently underway. Italian restaurant a Tavolo is slated to open this August, and Atlanta-based restaurant Flying Biscuit is anticipated to open in the third quarter of 2027. New View Eye Care will open in March 2027, while gourmet ice creamery and candy kitchen Pecan Jacks is anticipated to open this summer. Verizon will open in the fourth quarter of 2026. Meanwhile, First Horizon Bank has acquired a nearly 1-acre parcel for $2.6 million to construct a 3,150-square-foot building. Eight of the 17 buildings planned for MOSAIC are complete. One building is currently under construction and nine are in the pre-construction phase. The project is expected to be fully complete by 2030. Upon completion, Chatham Park is expected to comprise approximately 22,000 homes, with 22 million square feet of office, research, retail, educational and community space. Northwood Landing, a grocery-anchored mixed-used development situated adjacent to MOSAIC, has also recently welcomed two new tenants, including Chase Bank and Wells Family Dental Group. Additional tenants …

June 30, 2026

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