Retail

DPI Retail Sells Main Street Marketplace in El Cajon, California for $17.5M

by Amy Works October 2, 2026

EL CAJON, CALIF. — DPI Retail has sold Main Street Marketplace, a grocery-anchored shopping center in El Cajon, located in San Diego County, for $17.5 million. The buyer, an entity doing business as First Corner LLC, is the owner of Manolo Farmers Market, which has anchored the property since 1988. Enrique Wong of Marcus & Millichap, along with Tom Lagos, Patrick Toomey and Jose Carrazana of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the seller in the deal. Built in 1979 at 1045-1099 E. Main St., Main Street Marketplace offers 75,328 square feet of retail space. Other tenants includes Bellus Academy, D C Cleaners, Fresh Up Barber Shop, Total Vision El Cajon, Boost Mobile, Freeway Insurance and El Cajon Eco Laundry. At the time of sale, Main Street Marketplace was 94.7 percent occupied, with dd’s Discounts accounting for two-thirds of the gross leasable area.

October 2, 2026

Loans Office Retail Southeast Tennessee

BWE Arranges $42.5M Loan to Refinance Historic Baggage Building in Nashville

by Abby Cox October 2, 2026

NASHVILLE, TENN. — BWE has arranged a $42.5 million loan to refinance the historic Baggage Building, a 61,000-square-foot office and retail property located at 111 10th Ave. S near Nashville’s Gulch district. Nick Harb of BWE secured the financing through a regional bank on behalf of the borrower, DZL Properties. The loan features a “meaningful” interest-only payment period. The Baggage Building was originally built between 1898 and 1900 as part of the Louisville-Nashville Railroad/Union Station terminal complex used to handle luggage and freight. Renovated in 1999, tenants at the four-story property include Pinnacle Bank, The Finch Grill & Raw Bar and Global Medical Research.

October 2, 2026

Acquisitions District of Columbia Retail Southeast

IPA Negotiates Sale of 85,514 SF Shopping Center Near D.C

by Abby Cox October 2, 2026

CAPITOL HEIGHTS, MD. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Coral Hills, an 85,514-square-foot shopping center located in Capitol Heights, roughly 10 miles from downtown Washington, D.C. David Crotts and Dean Zang of IPA represented the seller, a national investment management company, and procured the undisclosed buyer. The sales price was also not disclosed. Jared Cassidy of Marcus & Millichap Capital Corp. (MMCC) arranged the financing through an international bank on behalf of the buyer. International grocer New Grand Mart will replace the former Shoppers Food anchor at Coral Hills, which was built in 1988 on more than six acres. The property features a mix of inline tenants including national retailers, medical and professional service providers and casual dining concepts.

October 2, 2026

Leasing Activity Michigan Midwest Retail

Eleven New Tenants Join RiverTown Crossings Shopping Mall in Grandville, Michigan

by Kristin Harlow October 2, 2026

GRANDVILLE, MICH. — Eleven new tenants are joining RiverTown Crossings in Grandville. The leases total 33,208 square feet. Throw it Back Dirty Soda opened its first permanent storefront Aug. 15 on the lower level next to Vito’s Sports Shop. Opening Nov. 15, Sweet Kisses Bakery will be located on the second level near JC Penney. Coming this fall are Addiour Perfume, Summit Comics and Games, Katie’s Heart & Home, Ventrora Perfume, Kako Claw and Cell Repair Xpert. MooZoo Slime Shop has a grand opening scheduled for Thursday, Oct. 17. Opening in winter 2026 are JD Sports and Snack’d. RiverTown Crossings is an indoor shopping and entertainment destination in west Michigan.

October 2, 2026

Acquisitions Alabama Retail Southeast Top Stories

Federal Realty Acquires The Summit Shopping Center in Birmingham for $508M

by Abby Cox October 2, 2026

BIRMINGHAM, ALA. — Maryland-based Federal Realty Investment Trust (NYSE: FRT) has acquired The Summit, an 870,000-square-foot, open-air shopping center in Birmingham, for $508 million. Purchased from the original developer, locally based Bayer Properties, the 100-acre property is the most visited retail destination in Alabama, drawing nearly 9 million annual visits, according to Federal Realty. As reported by the Birmingham Business Journal, Bayer sold its property management and leasing portfolio to Dallas-based Centennial in 2022, though the company’s original underlying real estate assets were not part of that sale. The acquisition is expected to be funded on a long-term basis with a combination of net sale proceeds, free cash flow and funds from Federal Realty’s recently issued convertible notes. Situated at the intersection of I-459 and U.S. Highway 280, The Summit opened in 1997 with initial retailers like Barnes & Noble and Parisian (which later transitioned into a flagship store for Belk), expanding in phases through 2009. The Summit now features more than 110 tenants, including Apple, Trader Joe’s, RH, Nordstrom Rack, Alo Yoga, Sephora and North Italia, with over 30 tenants operating their only Alabama location at the center. At the time of sale, The Summit was 92 percent occupied. In …

October 2, 2026

Acquisitions Retail Texas

Rockspring Properties Negotiates Sale of 145,546 SF Grocery Store Portfolio in Houston

by Taylor Williams October 1, 2026

HOUSTON — Brokerage firm Rockspring Properties has negotiated the sale of a portfolio of four grocery stores totaling 145,546 square feet in Houston. Seller Bros. is the owner and occupant of the stores, three of which are located in Houston proper and one of which is located in the eastern suburb of Pasadena. The buyer was Reliable Properties. Cotton Munson, Mike Axelrad and Aimee Namakarn of Rockspring Properties brokered the deal.

October 1, 2026

Loans New York Northeast Retail

Northmarq Places $13.5M in Financing for Retail Property in Middle Island, New York

by Taylor Williams October 1, 2026

MIDDLE ISLAND, N.Y. — Northmarq has placed $13.5 million in financing for Strathmore Commons Shopping Mall, a 146,381-square-foot retail property in the Long Island community of Middle Island. Built in 1991, Strathmore Commons is a grocery-anchored center that is also home to tenants such as McDonald’s, Giunta’s Meat Farms, NYU Langone Health, Gold’s Gym, Subway, Dollar Tree and Carvel. Robert Delitsky and Dylan Hamer of Northmarq arranged the financing through WoodmenLife on behalf of the undisclosed borrower.

October 1, 2026

Acquisitions Georgia Restaurant Retail Southeast

Marcus & Millichap Brokers Sale of New McDonald’s Restaurant in Ringgold, Georgia

by John Nelson October 1, 2026

RINGGOLD, GA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a newly built McDonald’s restaurant located in Ringgold, a Georgia suburb of Chattanooga, Tenn. The restaurant was delivered earlier this year and features a 20-year lease with 7.5 percent rent increases in the initial term and extension options. Don McMinn and Andrew Koriwchak of the Taylor McMinn Retail Group brokered the transaction. An all-cash buyer purchased the restaurant from the seller, a repeat developer of McDonald’s, in a 1031 exchange. The sales price was not disclosed. “Lower-priced, well-located properties with strong credit continue to command aggressive pricing despite market challenges,” says McMinn. “We secured an offer within 48 hours and closed near list price — proof that price point matters as much as credit in today’s market.”

October 1, 2026

Acquisitions Illinois Midwest Multifamily Retail

Greenstone Partners Arranges $3.2M Sale of Apartment, Retail Building in Chicago

by Kristin Harlow October 1, 2026

CHICAGO — Greenstone Partners has arranged the $3.2 million sale of a three-story, 4,650-square-foot property located at 1560 N. Damen Ave. in Chicago’s Wicker Park. The ground-floor retail space is occupied by Stan’s Donuts & Coffee, a regional bakery that has operated at the location since its founding in 2013. The upper floors include two large apartment units. Danny Spitz and Brewster Hague represented the seller and procured the private buyer.

October 1, 2026

Conference Coverage Industrial Kansas Market Reports Midwest Midwest Market Reports Missouri Multifamily Retail

InterFace Panelists Tout Kansas City Market’s Strengths, Highlight Ways to Contain Costs

by Kristin Harlow October 1, 2026

For industrial developers and owners, Kansas City is an easy sales pitch right now. “Two years ago, we had to scrounge around [for capital partners] trying to get phone calls returned. Now, they’re calling us saying they’re ready to see what we’ve got,” said Nick Cook, a development manager with Panattoni Development Co. “You’re always trying to sell a story to these folks. And Kansas City is a pretty easy one to sell right now. When it comes to speculative development, we’re feeling bullish.” Cook’s remarks came during the developers, owners and investors panel at the InterFace Kansas City Industrial conference, which took place Tuesday, Aug. 18 at the Intercontinental Kansas City at the Plaza. Robert Ciston, a senior principal with BRR Architecture, moderated the discussion. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Fellow panelist Grant Harrison, executive vice president of development with VanTrust Real Estate, also expressed a bullish mindset on Kansas City and said he wants to get in front of the next wave of development. In contrast, there are some markets where Harrison does not …

October 1, 2026

Newer Posts

Older Posts