Retail

GBT Realty Acquires 42.5 Acres in Middle Tennessee, Plans 300,000 SF Retail Development

by John Nelson November 12, 2026

GALLATIN, TENN. — GBT Realty Corp. has acquired 42.5 acres at the intersection of Green Lea Boulevard and Harris Lane in Gallatin, a city in Middle Tennessee’s Sumner County. The Brentwood, Tenn.-based developer plans to develop The Crossroads at Gallatin, a nearly 300,000-square-foot retail destination, at the site. Additionally, GBT Realty has signed leases with Academy Sports + Outdoors and Sprouts Farmers Market at the center for 55,000 square feet and 23,000 square feet, respectively. More tenants will be announced in the near future, according to GBT Realty, which is planning for construction to begin later this month.

November 12, 2026

Development Florida Mixed-Use Retail Southeast

Plaza Lakes to Develop 130,000 SF Shopping Center in Kissimmee, Florida

by John Nelson November 12, 2026

KISSIMMEE, FLA. — Plaza Lakes, a subsidiary of a private, family-owned business group from Puerto Rico, plans to develop a 130,000-square-foot shopping center located along Simpson Road in Kissimmee, a suburb of Orlando. The company has selected SRS Real Estate Partners to oversee leasing at the development, named The Village at Hillard Isle. The property is the retail component of the Hillard Isle master-planned community that will also include 560 apartments and 2,000 single-family homes by Pulte Group. Sandi Bargfrede, Willow Ferrelli and Sammy Gabbai of SRS are actively marketing the project, which is in the planning and permitting phase. Target users include grocers, restaurants, coffee shops, fitness, specialty retailers and daily needs retailers. Infrastructure work for the retail and multifamily portions of Hillard Isle is anticipated to begin in the first quarter of 2028. Delivery of the first commercial pads is expected by the third quarter of 2028.

November 12, 2026

Colorado Development Retail Western

Rouler Advisors Begins $2M Renovation of Westgate Shopping Center in Metro Denver

by Amy Works November 12, 2026

LAKEWOOD, COLO. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver. Improvements will include a full parking lot replacement, new monument signage, building and storefront façades and fresh stucco and siding, along with exterior paint, LED lighting and other amenities. Completion is expected in the first quarter of 2027. In connection with this project, Burn Boot Camp recently signed a 6,662-square-foot lease, joining other tenants such as Planet Fitness, Rocky Mountain Physical Therapy and MPower Dance Studio. HAMWAD Westgate LLC, an affiliate of Rouler, owns Westgate. Rouler originally acquired the property in 2023 and also operates and manages the adjoining Mission Trace Shopping Center and Mission Trace office building, where the firm previously completed a series of multimillion-dollar renovations. Together, the properties comprise more than 16 acres.

November 12, 2026

Acquisitions Arizona Retail Western

PREP Property Group Acquires 480,000 SF Promenade at Casa Grande Shopping Center in Arizona

by Amy Works November 10, 2026

CASA GRANDE, ARIZ. — PREP Property Group has purchased Promenade at Casa Grande, a regional shopping center in Casa Grande, approximately 50 miles south of Phoenix. Terms of the acquisition were not released. Located at the northeast corner of I-10 and Florence Boulevard, Promenade at Casa Grande offers 480,000 square feet of retail space. Current tenants include Harkins Theatres, Ross Dress for Less, Marshalls, HomeGoods, Burlington, Michaels, Ashley Furniture, PetSmart, Five Below, Bath & Body Works, Shop Dept. Encore, Ulta Beauty and Dollar Tree.

November 10, 2026

Features Retail

Old Bricks, New Tricks: How To Identify, Unlock Value in Modern Shopping Centers

by Taylor Williams November 10, 2026

By Kirk Cypel, chief development officer, CBG Real Estate Americans are still spending, but the headline numbers tell only part of the story. Federal economic data shows that the economy grew at a 3.4 percent annualized rate in the third quarter; September retail sales rose 6.3 percent from a year earlier, and the unemployment rate was at 4.2 percent. Yet inflation-adjusted disposable income fell 0.3 percent in September, the savings rate slipped to 3.8 percent and real spending was essentially flat. Consumers are spending more dollars without necessarily getting more stuff. Higher-income households account for a disproportionate share of discretionary purchases, while middle- and lower-income consumers increasingly focus on necessities, convenience and value. Even in the same trade area, some retailers thrive while others struggle. As such, the logical conclusion is that owning a shopping center is less about filling boxes than assembling a tenant mix that meets consumer needs and encourages shoppers to return. Traditionally, three retail categories drive shopping centers: general merchandise, grocery and restaurants. Other services may fill space, but most are destinations for a specific errand or appointment, with less spillover for neighboring stores. A good tenant mix needs both dependable occupants and businesses that help …

November 10, 2026

Acquisitions New Jersey Northeast Retail

Marcus & Millichap Brokers $14.6M Sale of Shopping Center in Matawan, New Jersey

by Taylor Williams November 9, 2026

MATAWAN, N.J. — Marcus & Millichap has brokered the $14.6 million sale of Park Plaza, a 61,750-square-foot shopping center in the Northern New Jersey community of Matawan. The center was built on 5.8 acres in 1986 and comprises 20 suites. Seth Goldberg, Brent Hyldahl and Alan Cafiero of Marcus & Millichap exclusively marketed the property on behalf of the seller, and procured the buyer, both private investors from New Jersey.

November 9, 2026

Acquisitions Iowa Midwest Ohio Retail

United Properties Acquires Two Retail Centers in Iowa, Ohio for $34.4M

by Kristin Harlow November 6, 2026

DAVENPORT, IOWA AND MANSFIELD, OHIO — United Properties Corp. has acquired two retail centers in Iowa and Ohio for a total price of $34.4 million. The company now owns more than 10 million square feet. Village Shopping Center in Davenport totals 233,100 square feet. The sales price was $23.9 million. Anchored by Ross Dress for Less, Ollie’s Bargain Outlet, Five Below and Pet Supplies Plus, the property is 91 percent occupied. Appleseed Center in Mansfield totals 147,254 square feet. The purchase price was $10.5 million. Anchor tenants at the property include Ollie’s Bargain Outlet, Ace Hardware and Dollar Tree.

November 6, 2026

Leasing Activity Midwest Nebraska Retail

Trader Joe’s to Open 13,500 SF Store at Avenue One in West Omaha

by Kristin Harlow November 6, 2026

OMAHA, NEB. — Trader Joe’s will open at Avenue One, a mixed-use destination along the Dodge Expressway in West Omaha. The grocery store will span 13,500 square feet. Additional retailers at Avenue One include Arhaus, Williams-Sonoma, Pottery Barn, West Elm, Perry’s Steakhouse & Grille, Barnes & Noble, L.L. Bean and Ulta Beauty. An opening date for Trader Joe’s has not been announced yet. Avenue One is owned and developed by JSP Development, with Poag Shopping Centers serving as retail co-developer and JLL overseeing leasing.

November 6, 2026

Acquisitions Arizona Retail Western

A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7M

by Amy Works November 6, 2026

CHANDLER, CAVE CREEK, GILBERT, MESA AND TUCSON, ARIZ. — A&C Properties Inc. has completed the sale of Arizona Grocery Portfolio, a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million. Totaling 422,949 square feet, the seven-property portfolio is currently 96 percent occupied with Fry’s Food & Drug as anchor tenant. The portfolio includes Gilbert Fiesta Marketplace, Shops at Gilbert Fiesta and Township Plaza in Gilbert; Riggs Marketplace in Chandler; Lindsay Marketplace in Mesa; Tatum Plaza in Cave Creek and Randolph Plaza in Tucson. Patrick Dempsey, Tess Berghoff and Ross Jorgensen of JLL Capital Markets represented the seller in the transaction. Jarrod Howard of JLL arranged $66.4 million in acquisition financing through an insurance company for the buyer.

November 6, 2026

Acquisitions Content Partner Development Industrial Leasing Activity Lee & Associates Midwest Multifamily Northeast Office Retail Southeast Texas Western

Lee & Associates’ Q3 2026 Report: Industrial Rebounds, Office Stalls, Retail and Multifamily Gain Ground

by Sarah Daniels November 6, 2026

After three years of new construction outpacing tenant demand in many sectors and areas, commercial real estate posted a mostly encouraging report card in the third quarter of 2026. Lee & Associates’ 2026 Q3 North America Market Report shows industrial demand nearly doubled from the second quarter, while retail and multifamily extended their rebounds. Office, the sector that had been staging a comeback, slipped back into negative tenant demand territory. Sponsored: Download Lee & Associates’ 2026 Q3 North America Market Report. Industrial Overview: Tenant Growth Gains in United States There has been broad general improvement across North American industrial markets, with demand for space rebounding in the United States. Third-quarter net absorption totaled 84,081,618 square feet, as more users gradually have set aside tariff and trade concerns that have hobbled tenant expansion since 2023. The third-quarter gains are an 89 percent improvement from 44.4 million square feet in the second quarter and a year-on-year jump of 172 percent. The third quarter’s growth brought the year-to-date total to 161.2 million square feet as net absorption has recovered from three years of tepid growth. Despite the increase so far this year, tenant expansion continues to fall short of absorbing the volume of deliveries that …

November 6, 2026

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