Retail

MetroNational Buys 218,000 SF Office, Retail Development in Houston’s Heights District

by Taylor Williams April 22, 2026

HOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston. Designed by Michael Hsu Office of Architecture and completed in 2020, M-K-T Heights is an adaptive reuse of several 1970s-era industrial buildings. Today, the property comprises more than 100,000 square feet of creative office space and 100,000 square feet of retail and restaurant space, as well as a pedestrian boardwalk. The seller and sales price were not disclosed. MetroNational acquired the property in a joint venture with Radom Capital and Triten Real Estate Partners, the property’s original developers.

April 22, 2026

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $3.8M Sale of Southwest Florida Retail Strip Center Leased to Starbucks, Tide Cleaners

by John Nelson April 22, 2026

BONITA SPRINGS, FLA. — Marcus & Millichap has brokered the $3.8 million sale of a 4,665-square-foot retail strip center located at 27250 Bay Landing Drive in Bonita Springs, a city in southwest Florida. Built in 2000 and renovated in 2014, the freestanding center was fully occupied on long-term, triple-net leases by Starbucks Coffee and Tide Cleaners. Chris Garavaglia, Andrew Muth and Alex Perez of Marcus & Millichap’s St. Louis office represented the seller, a private developer, and procured the buyer, a Florida-based investor, in the transaction. Both parties requested anonymity. Ryan Nee served as Marcus & Millichap’s Florida broker of record.

April 22, 2026

Acquisitions California Mixed-Use Multifamily Office Retail Western

Progressive Real Estate Partners Brokers $2.9M Sale of Armstrong Building in Pomona, California

by Amy Works April 22, 2026

POMONA, CALIF. — Progressive Real Estate Partners has arranged the sale of The Armstrong Building, a historic mixed-use property at 150-196 E. Third St. and 345 S. Locust St. in Pomona. Western University of Health Sciences, a private medical university, acquired the asset from a Los Angeles-based private investor for $2.9 million. The 27,980-square-foot building features seven ground-level commercial units and eight residential lofts. Western University of Health Sciences will utilize the building as an extension of its campus, expanding the university’s footprint in downtown Pomona. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal.

April 22, 2026

Acquisitions Illinois Midwest Retail

Boulder Group Arranges $3.5M Sale of Staples-Occupied Retail Property in Metro Chicago

by Kristin Harlow April 22, 2026

NAPERVILLE, ILL. — The Boulder Group has arranged the $3.5 million sale of a single-tenant retail property net leased to Staples in Naperville within metro Chicago. The 22,888-square-foot building is situated on 2.4 acres. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, a real estate investment firm. The buyer was a Southeast-based investment company. The Staples lease expires on March 31, 2032. The tenant has operated at the location since 2006.

April 22, 2026

Leasing Activity New York Northeast Retail

Whole Foods Opens 43,000 SF Store in Holbrook, New York

by Taylor Williams April 22, 2026

HOLBROOK, N.Y. — Whole Foods Market has opened a 43,000-square-foot store in the Long Island community of Holbrook. The store is located within The Shops at SunVet, which is a redevelopment of a former 280,000-square-foot mall. The store, which is the eighth on Long Island for the Austin-based grocer, offers a full-service meat and seafood counter, a prepared foods section, artisanal foods section, wellness and beauty department and a selection of nearly 300 craft beers.

April 22, 2026

Acquisitions Nevada Retail Western

Lucescu Realty Negotiates $38.6M Sale of Peccole Plaza Shopping Center in Las Vegas

by Amy Works April 21, 2026

LAS VEGAS — Lucescu Realty has arranged the sale of Peccole Plaza, a shopping center in Las Vegas. Peccole Enterprises sold the asset to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza features 161,978 square feet of gross leasable area that is fully leased to a variety of tenants. Current tenants include Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty were the sole brokers for the transaction. The Lucescu Realty team represented the seller and procured the buyer in the the deal.

April 21, 2026

Acquisitions California Retail Western

Progressive Real Estate Brokers $13.5M Sale of Multi-Tenant Retail Center in Walnut, California

by Amy Works April 21, 2026

WALNUT, CALIF. — Progressive Real Estate Partners has negotiated the sale of The Shops at Walnut Hills Plaza, a fully leased shopping center located at 18718-18766 Amar Road in Walnut. Portola Real Estate Partners acquired the asset from a Los Angeles-based private investor for $13.5 million. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal. Built in 1983, The Shops at Walnut Plaza features 19 e-commerce-resistant tenants, including restaurants, medical, beauty and daily-needs operators. O’Reilly Auto Parts, Little Elephants Kids Place, Osuna’s Mexican Restaurant, Papa John’s Pizza, Native Fields Restaurant, Walnut Hills Family Dentistry, Pediatric Dentistry and Sky Nails are tenants at the 37,173-square-foot property.

April 21, 2026

Illinois Leasing Activity Midwest Retail

Club Studio Inks 32,000 SF Retail Lease in Chicago’s Gold Coast

by Kristin Harlow April 21, 2026

CHICAGO — Club Studio, a fitness concept offering high-end amenities, boutique studio classes and wellness services, has signed a 32,000-square-foot retail lease at Newberry Plaza in Chicago’s Gold Coast neighborhood. CBRE’s Luke Molloy, Danny Jacobson and Stephen Ansani represented the landlords, 11 East Partners and Blackbird Investment Group. The transaction marks the third lease completed at the redevelopment of the building’s retail base, known as Newberry on the Triangle. Club Studio will occupy a majority of the second floor and all of the third floor of the retail space at the base of the 53-story residential tower. Club Studio joins Anthropologie, which signed a 16,000-square-foot lease on the first floor, and Canadian restaurant group Moxies, which is bringing a 13,600-square-foot dining concept to the property.

April 21, 2026

Acquisitions Indiana Midwest Office Retail

Quantum Brokers $6.9M Sale of Retail, Office Portfolio in Merrillville, Indiana

by Kristin Harlow April 21, 2026

MERRILLVILLE, IND. — Quantum Real Estate Advisors Inc. has brokered the sale of a three-building retail and office portfolio in Merrillville for $6.9 million. Brett Berlin and Dan Waszak of Quantum represented the seller, Time Equities Inc. The buyer, a Midwest-based fund, plans to invest significant capital into the value-add properties.

April 21, 2026

Development Office Retail Texas

Joint Venture Breaks Ground on 300,000 SF Office, Retail Project in Uptown Dallas

by Taylor Williams April 20, 2026

DALLAS — A joint venture that includes BDT & MSD Partners, Trammell Crow Co. and The Retail Connection has broken ground on Knox & McKinney, a 300,000-square-foot office and retail project in Uptown Dallas. Situated two blocks west of the joint venture’s larger, 1 million-square-foot mixed-use development, the 12-story building will consist of 280,000 square feet of office space and 20,000 square feet of retail and restaurant space. Amenities will include a fitness center, tenant lounge and private bar, multiple terraces and conference/boardroom facilities. Law firm Jones Day has preleased 76,000 square feet of space at Knox & McKinney as the future anchor tenant. Pickard Chilton Architects and HKS Architects are designing Knox & McKinney, and DPR Construction is serving as the general contractor. Trey Morsbach, Jim Curtin, Rex Cruz and Obi Eboh of JLL arranged an undisclosed amount of construction financing for the project through Goldman Sachs Alternatives. Completion is slated for 2028.

April 20, 2026

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