Retail

JLL Negotiates $32.5M Sale of Power Retail Center in Birmingham

by John Nelson October 30, 2026

BIRMINGHAM, ALA. — JLL has negotiated the $32.5 million sale of the second phase of Village at Lee Branch, a power retail center located at 1201 Doug Baker Blvd. in Birmingham. Brad Buchanan, Jim Hamilton and Anton Serafini of JLL represented the seller, Atlanta-based Cygnus Capital, in the transaction. The buyer was Richmond-based Hackney Real Estate Partners. Situated in Birmingham’s Meadowbrook submarket along U.S. Highway 280, Village at Lee Branch was 83 percent leased at the time of sale to tenants including Onelife Fitness, Hobby Lobby and Dollar Tree. The property sits adjacent to the first phase of Village at Lee Branch, which is anchored by Publix.

October 30, 2026

Acquisitions Louisiana Retail Southeast

Matthews Brokers Sale of Magnolia Marketplace Shopping Center in New Orleans

by John Nelson October 30, 2026

NEW ORLEANS — Matthews has brokered the sale of Magnolia Marketplace, a 115,281-square-foot shopping center located at 2900 S. Claiborne Ave. in New Orleans. Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the locally based seller, Stirling Properties, and sourced the buyer, Agree Realty. The sales price was not disclosed, but the deal marks the highest sales price for a retail property sold within New Orleans’ Mid-City/Central City submarket within the past 10 years, according to data from CoStar Group. Built in 2015 by Stirling, Magnolia Marketplace was fully leased at the time of sale to tenants including Ross Dress for Less, T.J. Maxx, Michaels, Five Below, PetSmart and Ulta Beauty. Stirling is retaining ownership of an outparcel at the center leased to Raising Cane’s.

October 30, 2026

Acquisitions Colorado Restaurant Retail Western

Core Acquisitions, Midloch Investment Buy Shopping Center Near Denver for $30.2M

by Amy Works October 30, 2026

LAKEWOOD, COLO. — Deerfield, Ill.-based Core Acquisitions and Chicago-based Midloch Investment Partners have acquired Lamar Station Plaza, a regional shopping center in Lakewood, approximately five miles west of downtown Denver. An undisclosed seller sold the asset for $30.2 million. Lamar Station Plaza features 271,632 square feet of retail space anchored by Casa Bonita, a Mexican restaurant and entertainment destination owned by “South Park” television show creators Trey Parker and Matt Stone. The 1,000-seat Casa Bonita features live entertainment with an indoor waterfall and cliff-diving pool and accommodates more than 650,000 visits annually. Additional tenants include Ross, Planet Fitness, Dollar Tree, Dutch Bros. and ARC Thrift Stores. At the time of sale, the property was 76 percent occupied. The buyers secured a new mortgage loan from Old National Bank for the purchase, which was brokered by Cushman & Wakefield. An affiliate of Core will manage the property, with Cushman & Wakefield handling leasing efforts. The new ownership plans to execute a targeted capital improvements program for the asset. Upgrades include an enhanced façade, upgraded signage, roof replacements, parking lot and landscaping upgrades and an increased focus on operations, including janitorial and sweeping services.

October 30, 2026

Acquisitions California Retail Western

CBRE Brokers $18.3M Sale of Five Retail Properties in Eastvale, California

by Amy Works October 30, 2026

EASTVALE, CALIF. — CBRE has facilitated the $18.3 million sale of five retail properties at Eastvale Gateway South, a retail portfolio at 12464-12574 Limonite Ave. in Eastvale. Edward Matevosian, Cray Carlson and Jenny Eng of CBRE represented the seller in the transactions and also represented the multiple buyers. Situated on 5.4 acres and totaling 236,096 square feet, the transactions include:

October 30, 2026

Leasing Activity Northeast Pennsylvania Retail

Wayfair to Open 95,000 SF Store at North Hills Village in Pittsburgh

by Taylor Williams October 30, 2026

PITTSBURGH — Wayfair will open a 95,000-square-foot store in Pittsburgh. The store, which will be located just outside the downtown area within the North Hills Village shopping center, will be the first in Pennsylvania for the Boston-based furniture provider. The store will feature an onsite design studio and consulting services for individual room furnishings or larger renovation projects. The opening is set for some time next year.

October 30, 2026

Acquisitions Midwest Ohio Retail

Cooper Group Brokers $7M Sale of Springdale Town Center in Cincinnati

by Kristin Harlow October 30, 2026

CINCINNATI — The Cooper Commercial Investment Group has brokered the $7 million sale of Springdale Town Center in Cincinnati. Bob Havasi and Dan Cooper of Cooper Group represented the seller, an East Coast-based private investment group. A private New York-based group purchased the property at a cap rate of 7.3 percent and 99 percent of the list price. The property totals 43,071 square feet.

October 30, 2026

Leasing Activity Midwest Ohio Retail

MINISO LAND Opens at Easton Town Center in Columbus, Ohio

by Kristin Harlow October 30, 2026

COLUMBUS, OHIO — MINISO LAND has opened at Easton Town Center in Columbus. MINISO is a global lifestyle retailer offering a selection of toys, plushies, collectibles, stationery, beauty essentials, home goods, fragrances, electronics and snacks. The new store is located inside the Easton Station Building. Expanding on the traditional MINISO store format, MINISO LAND offers a more immersive shopping experience with a greater emphasis on collectibles, character-driven merchandise and popular brand collaborations.

October 30, 2026

Leasing Activity Restaurant Retail Texas

StreetLevel Investments Welcomes New Tenants to Mixed-Use Development in Forney, Texas

by Taylor Williams October 29, 2026

FORNEY, TEXAS — StreetLevel Investments has welcomed new tenants to Village at Gateway, a 152-acre mixed-use project located in Forney, roughly 20 miles east of Dallas. The new operators include Dick’s Sporting Goods, EVO Entertainment, Verizon Wireless, Hand & Stone Massage & Facial Spa, Luna Grill, Costa Vida, Handel’s Ice Cream, Forney Nail Bar, Livewell, Solis and America’s Best Contacts & Eyeglasses. Plans for Village at Gateway also include future multifamily units, a 50-acre medical district and an additional 120,000 square feet of retail space.

October 29, 2026

California Loans Retail Western

Gantry Secures $31M Refinancing for Value-Add Retail Property in Southern California

by Amy Works October 29, 2026

LANCASTER, CALIF. — Gantry has secured a $31 million permanent refinance for the Valley Central Shoppes, located at 44410-44690 Valley Central Way in Lancaster. Tony Kaufmann, Jake Davis and Ramza Zeiter of Gantry represented the borrower, a private real estate investor. The 10-year, fixed-rate, nonrecourse loan was secured from one of Gantry’s insurance company correspondents. Gantry will service the loan for the lender. The 174,000-square-foot inline center is part of a master-planned retail power center cluster and shadow anchored by a Walmart Supercenter and a Food 4 Less. Additional tenants includes Boot Barn, Staples, Marshalls, Five Below, Planet Fitness, Starbucks Coffee, Jersey Mike’s Subs, Black Angus Steakhouse, Ulta, Sally Beauty Supply, Lenscrafters, Calidental, America’s Tire Co. and additional entertainment, restaurant and necessities retailers.

October 29, 2026

Acquisitions Florida Restaurant Southeast

SRS Negotiates $8.9M Ground Lease Sale of Miami Restaurant Leased to Chick-fil-A

by Abby Cox October 29, 2026

MIAMI — SRS Real Estate Partners has negotiated the $8.9 million ground lease sale of a restaurant property located at 18240 S. Dixie Highway in Miami. Chick-fil-A occupies the 5,399-square-foot property, which was built in 2024, on an absolute triple-net, corporate-guaranteed lease with 13 years remaining on the initial term. Patrick Nutt and William Wamble of SRS represented the seller, a joint venture between Coconut Grove, Fla.-based Berkowitz Development Group and Landsea Development Group, in the transaction. The New York-based buyer requested anonymity.

October 29, 2026

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