KATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy. The deals are with Olive Garden (7,825 square feet), Chase Bank (3,443 square feet) and Whataburger (3,305 square feet). David Meyers and Bob Conwell internally represented NewQuest in all lease negotiations. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial represented Whataburger, and James Namken and Kyle Knight of Weitzman represented Chase Bank.
CHESHIRE, CONN. — Whole Foods Market has debuted a 42,000-square-foot store in Cheshire, located roughly midway between Hartford and New Haven. The store features full-service meat and seafood counters, a bakery, prepared foods section, wellness and beauty section and a selection of more than 200 craft beers. A grand opening ceremony took place on Thursday, Feb. 5.
CHERRY HILL, N.J. — Club Studio Fitness will open a 30,240-square-foot gym in the Southern New Jersey community of Cherry Hill. The space is located within Ellisburg Shopping Center and will include training areas, a juice bar and recovery facilities. The opening is slated for spring 2027. Federal Realty Investment Trust owns Ellisburg Shopping Center, which is anchored by Whole Foods Market and Restoration Hardware Outlet.
MARQUETTE, IOWA — Bally’s Marquette has opened its new 31,280-square-foot gaming and entertainment destination in northeast Iowa. The $26.2 million project transformed the historic riverboat casino into a permanent landside facility at 100 Anti Monopoly St. The property features more than 400 slot machines and electronic table games, live blackjack and Ultimate Texas Hold ‘Em as well as a sportsbook. Dining and beverage concepts include 1994 Sports Bar, Sidecar Bar, Benchfront Coffee and Riverside Grill. The landside move created nearly 80 new jobs. Bally’s operates 19 casinos across 11 states.
BUCHANAN, MICH. — AutoZone has leased an 8,000-square-foot former Rite Aid store located at 715 E. Front St. in Buchanan within southwest Michigan. Construction is underway at the building. Joshua Jacobs of NAI Wisinski of West Michigan and Brandon Hanna of Encore Real Estate Investment Services represented the undisclosed landlord. Mike Murray of Advantage Commercial Real Estate represented the tenant, which operates more than 6,000 stores nationwide.
OWENS CROSS ROADS, ALA.— Franklin Street has negotiated the sale of Hampton Cove Shops, a 41,681-square-foot retail center located in Owens Cross Roads, approximately 15 miles southeast of Huntsville. Bryan Belk and John Tennant of Franklin Street represented the seller, Birmingham, Ala.-based Fairway Investments, in the transaction. Prudent Growth Partners purchased the property for $7.6 million. Built in 2008, Hampton Cove Shops was 96 percent leased at the time of sale to tenants including Dollar Tree, H&R Block, sports bar Jefferson’s, We Rock the Spectrum Kid’s Gym and ALFA Insurance.
FLOWERY BRANCH, GA. — The Taylor McMinn Retail Group, a retail investment sales team within Marcus & Millichap, has brokered the sale of a restaurant in Flowery Branch leased to 7 Brew, a drive-thru coffee concept based in Arkansas. Don McMinn and Andrew Koriwchak of Taylor McMinn represented the seller, a repeat developer for the 7 Brew chain, and the all-cash local buyer, in the transaction. Both parties requested anonymity. 7 Brew has 14 years remaining on its ground lease, which features rental increases in the initial term, as well as extension options. “This marks our second sale within the multi-parcel development in Flowery Branch,” says McMinn. “The property traded at 99 percent of the asking price after receiving an accepted offer within one week of listing. The transaction highlights the continued investor demand for lower rent and lower price-point assets, as well as the momentum behind the drive-thru coffee kiosk concept.”
Mixed-use development across the Southeast continues to change and evolve. What was once as straightforward as building residential apartments located above a street-level retail component has become something far more sophisticated and intentional. Today’s mixed-use communities offer integrated, experience-driven environments where all elements of living, working, shopping, dining and recreation are thoughtfully curated, with connectivity as a primary focus. The North Georgia region, located approximately 40 miles north of Atlanta, is where residential demand is rising, incomes are growing and consumer preferences are changing. As these trends converge, developers seek the opportunity to create true neighborhood hubs in the area. The Crossing at Coal Mountain, located in Forsyth County, is a new 140-acre mixed-use destination by Atlantic Residential that reflects how development strategies are evolving in response to these market shifts. The project will feature walkable streets, activated green spaces, local dining, daily lifestyle services and a carefully programmed retail plaza alongside luxury homes being developed in partnership with national homebuilder Toll Brothers. Each of the project’s planned elements is designed to support a true live-work-play environment. Phase I of the project’s retail district is on track to open this year, positioning the development to contribute to the region’s broader …
RANCHO CUCAMONGA, CALIF. — Southern California-based firms Redwood West and Panattoni, in partnership with Prime Finance and Prism Places, have acquired Victoria Gardens, a 1.2 million-square-foot lifestyle retail center located in the Inland Empire city of Rancho Cucamonga. New York City-based Brookfield Properties, a subsidiary of Brookfield Corp. (NYSE: BN), sold the open-air mall for $530 million. Ares Real Estate (NYSE: ARES) provided debt financing for the transaction. “We see tremendous opportunity with Victoria Gardens,” says John Pomer, co-founder and managing partner at Redwood West, “It is a one-of-a-kind, highly productive asset with deep roots in the region.” Built in 2004, Victoria Gardens is one of the largest regional malls in Southern California, with more than 30 buildings on 12 blocks, as reported by the Los Angeles Times. Victoria Gardens was 98 percent leased at the time of sale and attracts more than 14 million visitors a year, according to Redwood West. The center is home to 160 specialty retailers and restaurants including Apple, lululemon, Chanel, Gorjana, Sephora, Nike, Zara, AMC Theatres, Shake Shack, Tecovas, The Cheesecake Factory, Warby Parker, Fleming’s Steakhouse, Sweetgreen and Macy’s. In addition to retail and dining, Victoria Gardens features a cultural center, public library, performance venue, multiple …
FRISCO, TEXAS — Sportswear retailer TYLER’S will open a 16,653-square-foot store at Firefly Park, a 217-acre mixed-use development in Frisco. The space spans the ground floor of Aurora, an 18-story apartment building that is part of the development’s initial phase of construction. TYLER’S plans to open in fall 2027 in conjunction with other elements of Firefly Park. Kobalt Investment Co. represented the owner of Firefly Park, Wilks Development, in the lease negotiations.
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