HOUSTON — Local developer NewForm Real Estate has completed a 50,738-square-foot adaptive reuse project near downtown Houston. The project converted the historic, six-story Commercial National Bank Building at 917 Franklin St., which was originally constructed in 1904, into a modern office facility with 3,390 square feet of retail/restaurant space. The restoration involved exterior façade work, window repairs, masonry cleaning and upgraded lighting. Stream Realty Partners is leasing the office space, and Rebel Retail Advisors is leasing the retail/restaurant space.
FLOWER MOUND, TEXAS — Spring Valley Construction Co. has broken ground on a 17,400-square-foot retail project in Flower Mound, located in the northern-central part of the metroplex. The project represents Phase I of the 40,000-square-foot retail component of Silveron Park, a mixed-use project that will also feature 525,000 square feet of office space and 200 apartments. Weitzman is managing the development and leasing of Silveron Park’s retail space. Thompson Realty Capital is handling the residential and office components.
COLUMBUS, MISS. — Matthews has arranged the sale of a 76,269-square-foot Kroger grocery store located at 1829 U.S. Highway 45 N in Columbus, about 26 miles east of Starkville, Miss. The seller, an entity doing business as MS Columbus 45 LLC, sold the store to an undisclosed, publicly traded investment firm. Kyle Stonis, Pierce Mayson and Boris Shilkrot of Matthews represented the seller in the transaction. The sales price was not disclosed. Prior to the sale, Kroger committed to an early lease extension through 2041 with plans for a future expansion. The acquisition did not include adjacent inline retail shop space, which is currently under contract with a separate, privately held buyer.
COLD SPRING, KY. — Publix Super Markets has opened a new Publix grocery store in northern Kentucky. The 48,387-square-foot store is located at 5401 Alexandria Pike in Cold Spring, about 11 miles south of Cincinnati. The grocery store anchors Cold Spring Pointe, a 52-acre retail development along U.S. Highway 27 by Mid Atlantic Properties that features a Marshalls, Hobby Lobby, Qdoba, Five Below, Tropical Smoothie Café, AT&T, The UPS Store, Chase Bank and Chick-fil-A. The new Publix features an adjacent Publix Liquors store, as well as a drive-thru pharmacy and its traditional departments including produce, bakery and deli. The Cold Spring store represents the seventh Publix grocery store in Kentucky.
CAMBRIDGE, MASS. — PGIM has provided a $58.5 million loan for the refinancing ofOne Brattle Square, an office and retail building located across the Charles River from Boston in Cambridge. The six-story building, which was 99 percent leased at the time of the loan closing, is located within the Harvard Square submarket and features 82,500 square feet of office space and 15,000 square feet of retail space. PGIM provided the floating-rate loan to the borrower, an affiliate of Beacon Capital Partners.
NEW YORK CITY — Locally based intermediary HKS Real Estate Advisors has arranged a $25.8 million loan for the refinancing of a 52,578-square-foot retail building in Queens. The newly developed building at 10-04 Borden Ave. is located in the borough’s Long Island City neighborhood and was fully leased at the time of sale, with iFly and Vibe Fitness serving as the anchor tenants. Daniel Kowalsky of HKS arranged the loan on behalf of the owner, VOREA. Hanover Capital provided the loan.
FOREST PARK, ILL. — Greenstone Partners has negotiated the $8.4 million sale of Circle Plaza, a fully occupied, multi-tenant retail center in Forest Park. Brewster Hague and Connor Sheedy of Greenstone brokered the sale. Circle Plaza totals 18,486 square feet and is home to Dunkin’, Pep Boys, Bloc Dispensary, HEAL Wellness and Sploot Veterinary Care. Originally developed in 1984, the property has mostly maintained 100 percent occupancy throughout its history. Buyer and seller information was not provided.
Today, there’s a multitude of factors shaping the retail leasing market. Smaller footprints, the influence of technology, changing lifestyles of younger generations, limited new supply and backfilling closures are just some of the most prominent storylines. As of the first quarter, the national retail vacancy rate held stable at 4.4 percent, up 10 basis points from the prior quarter, according to Colliers, which covers malls, shopping centers and general retail across 390 markets. “The market remains structurally tight due to limited new supply and steady backfill demand,” summarizes the brokerage firm in its first-quarter “U.S. Retail Market Statistics” report. “A clear bifurcation persists, with tight availability for small spaces and more modest availability among large anchor boxes.” In a nutshell, today’s retailers prioritize smaller, more efficient spaces with strong visibility, easy access and co-tenancy with established traffic drivers along with the flexibility to support omnichannel operations, says Ron Goldstone, executive vice president at NAI Farbman in Farmington Hills, Michigan. In the first quarter of the year, Continental Realty Corp. executed deals with tenants in the health and wellness category, service-oriented uses, food-and-beverage, children’s schools, entertainment and various franchise concepts in the 1,500- to 2,000-square-foot range, according to Kristina O’Keefe, senior …
DALLAS — Locally based investment firm M2G Ventures has completed the redevelopment of the former Inwood Design District in northwest Dallas. The project converted a 14-building campus into a 740,000-square-foot industrial and retail property that also includes showroom space. The showroom and light industrial components are known as the Inwood Design District, and the retail and restaurant components are known as Ace on Inwood. The company purchased the 38-acre site at 1110 Inwood Road in early 2025, at which time the property was home to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA.
EULESS, TEXAS — H-E-B has opened a 126,000-square-foot store in Euless, located in the northern-central part of the metroplex. Located at 2105 Rio Grande Blvd. and known as Mid-Cities H-E-B, the store is the 12th to be opened by the San Antonio-based grocer in the metroplex since 2022. H-E-B has also opened three Joe V’s Smart Shop stores in the area during that time, and this store’s debut also includes the opening of H-E-B’s 50th True Texas barbeque restaurant.
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