Retail

RealSource Group Arranges $3.2M Sale of McDonald’s-Occupied Retail Property in Southern California

by Amy Works January 29, 2026

WILDOMAR, CALIF. — RealSource Group has arranged the $3.2 million sale of a newly constructed, single-tenant restaurant property located within the Canyon Plaza retail development in Wildomar. McDonald’s occupies the 4,000-square-foot building, which includes a dual-lane prototype design, on a new 20-year absolute triple-net ground lease. Jonathan Schiffer and Austin Blodgett of RealSource represented the seller, a private Southern California-based developer. Dustin Lee of J&C Investment Group represented the buyer, a private international investor, in the transaction.

January 29, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 220,938 SF Retail Portfolio in Lubbock, Brownwood

by Taylor Williams January 29, 2026

LUBBOCK AND BROWNWOOD, TEXAS — JLL has brokered the sale of a portfolio of two retail properties totaling 220,938 square feet in Texas. Northpark Village is a 70,479-square-foot center in Lubbock that is anchored by United Supermarkets. Commerce Square is a 150,459-square-foot center in Brownwood, about 150 miles southwest of Fort Worth, that is home to tenants such as Aldi, T.J. Maxx, Boot Barn, Harbor Freight, Buffalo Wild Wings and Hibbett Sports. Both centers were fully leased at the time of sale. Chris Gerard and Adam Howells of JLL represented the seller, Cincinnati-based shopping center REIT Phillips Edison & Co., in the transaction. The buyer was Dallas-based Dunhill Partners.

January 29, 2026

Acquisitions Illinois Indiana Midwest Retail

Mid-America Brokers Sales of Two Former Kmart, Sears Retail Properties in Illinois, Indiana

by Kristin Harlow January 29, 2026

ROUND LAKE BEACH, ILL. AND MICHIGAN CITY, IND. — Mid-America Real Estate Corp. has brokered the sales of two former Transformco retail properties in Round Lake Beach and Michgian City. The asset at 400 E. Rollins Road in Round Lake Beach, formerly a Super Kmart totaling 190,174 square feet, sold to Target Stores. A former Sears and Sears Auto Center complex that was part of Marquette Mall in Michigan City totaling 92,905 square feet and 12,365 square feet, respectively, sold to Tonn and Blank Construction LLC. Andy Bulson, Mike Phillips, Dick Spinell and Mike Fitzgerald of Mid-America represented Transformco in both transactions.

January 29, 2026

Acquisitions Midwest Retail Wisconsin

Marcus & Millichap Arranges $4.9M Sale of Best Buy-Occupied Retail Building in Lake Geneva, Wisconsin

by Kristin Harlow January 29, 2026

LAKE GENEVA, WIS. — Marcus & Millichap has arranged the $4.9 million sale of a 30,162-square-foot retail building net leased to Best Buy in Lake Geneva, about 50 miles southwest of Milwaukee. Best Buy has occupied the property, which is part of a retail strip center shadow anchored by Target, since it was built in 2008. Jeff Rowlett and Eric Wagner of Marcus & Millichap represented the seller, BB Geneva LLC, and procured the buyer, Agree Central LLC.

January 29, 2026

Acquisitions Retail Texas

Joint Venture Acquires 114,099 SF Beltway South Retail Center in Houston

by Taylor Williams January 28, 2026

HOUSTON — A joint venture between ShopOne Centers, Pantheon and an unnamed institutional investor has acquired Beltway South, a 114,099-square-foot retail center in Houston. Kroger anchors the center, which is also home to tenants such as Petco, Cato Fashions, Subway and State Farm. This transaction marks ShopOne’s first investment in Texas. The seller and sales price were not disclosed.

January 28, 2026

Development Loans Mixed-Use Multifamily Restaurant Retail Southeast Tennessee

AJ Capital Obtains $475M Construction Loan for Mixed-Use Redevelopment in Nashville

by John Nelson January 28, 2026

NASHVILLE, TENN. — AJ Capital Partners has obtained a $475 million construction loan for Belle Meade Village, a 15.5-acre retail and residential village underway in Nashville. Located on the border of Belle Meade, Tenn., the project is a redevelopment of an under-utilized shopping center. Raymond James Real Estate Investment Banking arranged the financing through Barings on behalf of AJ Capital. Belle Meade Village will feature 1 Iris Lane, The Residences at Belle Meade Village, which are a pair of two 46-unit condominium buildings. The condos have a starting price of $3 million and come in one- to four-bedroom layouts. Residents have access to 16,000 square feet of amenity space, including high-end fitness and wellness features and private wine and cigar rooms, among other attractions. The project also includes a five-acre private park and a central courtyard space with an antique carousel surrounded by a seven-building retail village that will feature local and global brands, a private members’ club and a boutique hotel. AJ Capital broke ground on Belle Meade Village last October, with plans to wrap up construction by 2028. The design-build team includes Meyer Davis (interior design for 1 Iris Lane), Brasfield & Gorrie (general contractor), Barge Civil Associates …

January 28, 2026

Acquisitions Retail Southeast Tennessee

Marcus & Millichap Arranges Sale of 86,584 SF Store in Knoxville Leased to Kohl’s

by John Nelson January 28, 2026

KNOXVILLE, TENN. — Marcus & Millichap has arranged the sale of an 86,584-square-foot store located at 5312 Washington Pike in Knoxville. Kohl’s has fully occupied the freestanding building on a triple-net lease since it was constructed in 1997. A Sephora store-within-a-store was added to the Kohl’s in 2023. The property is situated on 32.7 acres about eight miles from downtown Knoxville and the University of Tennessee. Andrew Antoniou and Dominic Sulo of Marcus & Millichap’s Chicago/Oak Brook office represented the undisclosed seller in the transaction. Jody McKibben served as Marcus & Millichap’s Tennessee broker of record for the deal. The buyer, a locally based investor, purchased the store for an undisclosed price.

January 28, 2026

Acquisitions California Retail Western

Brixton Capital Buys Quad at Whittier Shopping Center in California for $100M

by Amy Works January 28, 2026

WHITTIER, CALIF. — Brixton Capital has acquired The Quad at Whittier, a nine-building shopping center in Whittier, from an undisclosed seller for $100 million. Located at 13400-13582 Whittier Blvd. and 8415-8330 Painter Ave., the 314,593-square-foot property was 95.5 percent occupied at the time of sale. Current tenants include Vallarta Supermarkets, Marshalls, Ross Dress for Less, T.J. Maxx, Dollar Tree, Petco, Michaels, Five Below and Burlington. The retail center was originally constructed in 1953 and expanded in 1965 with renovations completed over time. Chase Levra and Chris Hoffmann of Eastdil Secured represented the seller, while Brixton was self-represented in the transaction. With this acquisition, Brixton’s retail holdings in Southern California amount to approximately 1.2 million square feet.

January 28, 2026

California Loans Mixed-Use Office Restaurant Retail Western

CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

by Amy Works January 28, 2026

NAPA, CALIF. — CBRE has arranged a $57.6 million loan for the refinancing of First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Andy Gross of CBRE secured the loan through Knighthead Funding on behalf of the borrower, Zapolski Real Estate. Located at 1300 First St., the property features 163,000 square feet of retail, dining, tasting rooms and office space across six buildings. First Street Napa is currently 88 percent leased to a variety of tenants, including Lululemon, Compass, Free People and Silicon Valley Bank, with new retail additions to include Blue Bottle Coffee, Daily Recess and the Don Perico restaurant.

January 28, 2026

Development Leasing Activity Retail Top Stories Washington Western

Amazon to Close Go and Fresh Physical Stores, Plans to Open 100 Whole Foods Locations

by Kristin Harlow January 28, 2026

SEATTLE — Amazon (NASDAQ: AMZN) has unveiled plans to close its Amazon Go and Amazon Fresh physical stores, converting various locations into Whole Foods Market stores. The Seattle-based e-commerce giant states that it hasn’t “yet created a truly distinctive customer experience with the right economic model needed for large-scale expansion.” Customers can continue to shop Amazon Fresh online in available areas for delivery. At the same time, Amazon plans to open more than 100 new Whole Foods Market stores over the next few years, citing increased investment in “physical stores that are resonating with customers.” Amazon acquired the Austin-based natural and organic foods grocer in 2017 in a $13.7 billion deal. Since then, the brand has experienced over 40 percent sales growth and expansion to more than 550 locations. There are 14 Amazon Go convenience stores located in Washington, California, Illinois and New York. According to the company, Amazon Go locations served as innovation hubs where Amazon developed Just Walk Out technology — now a scalable checkout-free solution operating in over 360 third-party locations across five countries. There are 58 Amazon Fresh grocery stores located in California, Illinois, New York, New Jersey, Maryland, Pennsylvania, Washington, Viriginia and Tennessee. Amazon says …

January 28, 2026

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