Retail

IPA Brokers $23.1M Sale of Publix-Anchored Shopping Center in Alexander City, Alabama

by John Nelson July 28, 2026

ALEXANDER CITY, ALA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $23.1 million sale of The Gateway at Lake Martin, a grocery-anchored shopping center in east-central Alabama. Built in 2024, the 93,352-square-foot center is situated on a 22-acre site at the intersection of U.S Highway 280 and Ala. Highway 63 in Alexander City. The Gateway at Lake Martin’s tenant roster includes Publix, Marshalls, Starbucks, Rack Room Shoes and Five Below, as well as four outparcels that were not part of the transaction. Zach Taylor of IPA’s Atlanta office, along with Robby Pfeiffer and Eric Abbott of Marcus & Millichap, represented the seller, a repeat developer of Publix-anchored shopping centers, in the transaction. Eddie Greenhalgh served as Marcus & Millichap’s broker of record in Alabama. Anita Paryani and David Fierroz of IPA Capital Markets arranged an undisclosed amount of acquisition financing for the buyer, an entity doing business as Calhoun Shores LLC, which purchased the center along with a grocery store in Naples, Fla., leased to Sprouts Farmers Market. David Weinberg, Jacob Keith, Greenhalgh and Ryan Nee of Marcus & Millichap procured the buyer along with Scott Sutphin of Jet Properties.

July 28, 2026

Acquisitions Retail Texas

Palo Duro Commercial Arranges Sale of 13,500 SF Retail Strip Center in The Woodlands, Texas

by Taylor Williams July 28, 2026

THE WOODLANDS, TEXAS — Local brokerage firm Palo Duro Commercial Partners has arranged the sale of Shoppes at Sawdust, a 13,500-square-foot retail strip center located north of Houston in The Woodlands. The center was fully leased at the time of sale to tenants such as Jimmy John’s, Little Caesars and Cloud 9 Dental. Stephen Pheigaru and Chris Reul of Palo Duro brokered the deal. The buyer and seller were not disclosed.

July 28, 2026

Acquisitions Mixed-Use Nevada Restaurant Retail Western

Alturas Capital Partners Acquires 421,000 SF Legends at Sparks Marina in Sparks, Nevada

by Amy Works July 28, 2026

SPARKS, NEV. — Idaho-based Alturas Capital Partners has purchased Legends at Sparks Marina, a 421,000-square-foot mixed-use lifestyle center in Sparks. Terms of the transaction were not disclosed. The transaction, which closed on July 23, will be added to the Alturas Real Estate Fund. This acquisition brings the company’s assets under management to $850 million and 4.6 million square feet. Legends at Sparks Marina features national and regional tenants, including H&M, Nike, Sephora, Five Below, Yard House, Galaxy Theatres, Burlington and Cavender’s.

July 28, 2026

California Development Retail Western

Sony Pictures, Alamo Drafthouse Cinema to Restore Hollywood’s Cinerama Dome

by Amy Works July 28, 2026

LOS ANGELES — Sony Pictures Entertainment (SPE) and Alamo Drafthouse Cinema have announced plans to reopen and restore Cinerama Dome, a historic move theater located on Sunset Boulevard in Hollywood. Opened in 1963, it is the world’s first all-concrete, geodesic dome that features an 86-foot curved screen. Following a six-year shutdown that began during the COVID pandemic, the Dome will undergo restorative renovations starting next month through early 2028. Alamo Drafthouse Cinema will operate the movie theater. As part of the deal, SPE will also reopen the adjacent 14-screen theater complex, formerly ArcLight Cinemas, as an Alamo Drafthouse Cinema. The theater will offer Alamo Drafthouse presentations and dine-in services, curated programming, revival screenings, events, designated karaoke rooms and fan celebrations. In addition, the complex will retain 35mm capabilities to showcase archival film prints and house multiple screens with immersive audio and 4K laser projection, including 70mm capabilities. In 2015, Alamo Drafthouse restored San Francisco’s historic New Mission Theater — now called the Christopher Nolan Cinema — transforming a 20-year vacant landmark into one of the city’s premier destinations for film. Alamo Drafthouse’s restoration of the theater preserved the famous Art Deco façade and historic architectural details, including that of the original …

July 28, 2026

Acquisitions Arizona Net Lease Retail Western

Cushman & Wakefield | PICOR Brokers Sale of Retail Property in Tucson, Arizona

by Amy Works July 28, 2026

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a retail property located at 6780 N. Sandario Road in Tucson. Steven J. Williams and Elizabeth Ann Williams Revocable Trust purchased the asset from Benson-DBS LLC for $1.8 million. The property is a 9,100-square-foot Dollar General NNN Investment. Dave Hammack of Cushman & Wakefield | PICOR represented the seller in the deal.

July 28, 2026

Acquisitions Illinois Midwest Retail

Mid-America Negotiates Sale of 37,615 SF Lincoln Park West Retail Property in Chicago

by Kristin Harlow July 28, 2026

CHICAGO — Mid-America Real Estate Corp. has negotiated the sale of Lincoln Park West, a 37,615-square-foot retail asset located in Chicago’s Lincoln Park neighborhood. The property offers value-add potential through the lease-up or adaptive reuse of the 19,531-square-foot second floor. Tenants include PNC Bank, Starbucks, RJ Grunts (Lettuce Entertain You) and Lincoln Park Preschool. The weighted average lease term is seven years. George Ghattas, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, LLJ Ventures. A private local investor was the buyer.

July 28, 2026

Kansas Leasing Activity Midwest Retail

Eight Retail Tenants to Open at Phase II of Bluhawk in Overland Park, Kansas

by Kristin Harlow July 27, 2026

OVERLAND PARK, KAN. — Phase II of Bluhawk is slated to include a lineup of eight retail tenants, including L.L.Bean, Spavia Day Spa, JETSET Pilates, Chicken Salad Chick, Brookside Barkery & Bath, Amorino, Everbowl and Bruú Café, with additional tenants to come. Bluhawk is a 277-acre mixed-use development in the Kansas City suburb of Overland Park that is home to AdventHealth Sports Park. Price Brothers is the developer and manager of the project. L.L.Bean’s arrival marks the brand’s return to Kansas City. The store is slated to open in summer 2027. Italian gelato brand Amorino will make its Kansas City market debut and is also expected to open in summer 2027. Spavia Day Spa and JETSET Pilates are anticipated to open this fall. Phase II construction began in November 2025. J.Crew Factory, Buckle and Barnes & Noble are now open. Phase II connects the new offerings with the sports park. At Phase I, Swig and Saladworks recently opened, and Glow Sauna Studios is scheduled to open this month. A Holiday Inn Express by IHG hotel, developed and managed by Price Hospitality, opened in May, marking the first of three planned hotels at the development.

July 27, 2026

Acquisitions Florida Retail Southeast

SRS Real Estate Brokers $7.9M Sale of Retail Strip Center in Wesley Chapel, Florida

by Abby Cox July 27, 2026

WESLEY CHAPEL, FLA. — SRS Real Estate Partners has brokered the $7.9 million sale of Promenade, a three-tenant retail property located in Wesley Chapel, roughly 24 miles north of downtown Tampa. Built in 2025, the 9,222-square-foot property was fully leased at the time of sale to Heartland Dental, GoodVets and Ann’s Salon & Spa. William Wamble, Patrick Nutt and Connor Barton of SRS represented the seller, a Florida-based developer and investor, in the transaction. The all-cash buyer was a Florida-based investor.

July 27, 2026

Market Reports North Carolina Restaurant Retail Southeast Southeast Market Reports

The Institutionalization of Charlotte’s Retail Sector

by John Nelson July 27, 2026

Years of nation-leading population growth, a robust job market and rising household incomes have propelled Charlotte retail onto the national stage as a major target for institutional and private investors alike. The market is now operating at a premium, with average asking rents surpassing the national average for the first time on record in late 2025 after rising more than 30 percent over the past five years, according to data from CoStar Group Inc. That milestone says a lot about how far the market has come, but it also points to where it is headed.The next phase of Charlotte retail will not be defined by growth alone. It will be defined by having the right tenant in the right format serving the right trade area. The strongest corridors continue to command attention from retailers and investors alike, while rising occupancy costs are forcing every deal to stand on stronger fundamentals. For owners, tenants and capital sources, that dynamic makes Charlotte one of the Southeast’s most compelling retail markets, but also one of its most nuanced. The new retail map Charlotte gained 20,731 residents between 2024 and 2025, ranking among the fastest-growing major cities in the country, according to the U.S. …

July 27, 2026

Acquisitions Retail Texas

JLL Negotiates Sale of 441,620 SF Retail Power Center in Cedar Park, Texas

by Taylor Williams July 24, 2026

CEDAR PARK, TEXAS — JLL has negotiated the sale of 1890 Ranch, a 441,620-square-foot retail power center in Cedar Park, a northern suburb of Austin. The center was 99 percent leased at the time of sale to tenants such as Academy Sports + Outdoors, Ross Dress for Less, Burlington, PetSmart, Natural Grocers, Cinemark, Crunch Fitness, Office Depot and Dollar Tree. Barry Brown, Chris Gerard and Shea Petrick of JLL represented the seller, Austin-based Endeavor Real Estate Group, in the transaction. Chris Drew, Michael DiCosimo and Aaliyah St. Louis, also with JLL, arranged an undisclosed amount of acquisition financing for the deal on behalf of the buyer, a joint venture between Sterling Organization and Cohen & Steers.

July 24, 2026

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