ALTAMONTE SPRINGS, FLA. — 11North Partners has acquired West Town Corners, a 285,497-square-foot retail center located in Altamonte Springs, roughly 16 miles north of Orlando. Winn-Dixie anchors the property, which features a mix of additional tenants including PetSmart, T.J. Maxx, Five Below, Panera Bread, Bath & Body Works, Crumbl Cookies and American Signature Furniture. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction. Washington Prime Group sold the property for $59.5 million, according to several media outlets.
Retail
JLL Inks 70,000 SF of New Leases at Westside Paper Adaptive Reuse Development in Atlanta
by Abby Cox
ATLANTA — JLL has inked five new leases totaling 70,000 square feet at Westside Paper, a 15-acre adaptive reuse development located along the Atlanta BeltLine. Packsize, an on-demand packaging and automation company, signed a lease for 30,000 square feet. Construction Resources, which is owned by The Home Depot, is adding to their existing 50,000-square-foot showroom with a 23,000-square-foot office lease for its new headquarters. Disguise, a global visual experience technology company, will occupy 10,000 square feet, while Luxe Bridal will occupy 3,000 square feet. In the past 20 months, 180,000 square feet of new leases have been signed at Westside Paper. The project is now 75 percent occupied. Andrew Walker and Lauren Curran of Colliers represented Disguise; Jeremy Krause and Ben Kronman of CBRE represented Packsize; and Jeff Pollock of Pollock Commercial represented Luxe Bridal. David Horne, Caroline Fisher and Randy Joering of JLL represented ownership for the office lease negotiations, while Shelbi Bodner of Bridger Properties represented ownership for the retail leases. Developed and owned by FCP, a subsidiary of Federated Hermes Inc., and Atlanta-based Westbridge, Westside Paper is a 70-year-old former industrial warehouse that spans 245,000 square feet of mixed-use space.
SAVANNAH, GA. — The Ardent Cos. has signed Sprouts Farmers Market to anchor Crossroads Shopping Center, a 92,000-square-foot retail center located in Savannah. Ardent will redevelop 28,000 square feet for the addition of Sprouts Farmers Market, as well as a second retail suite. In addition to repositioning the tenant mix, the Atlanta-based real estate firm will also upgrade the property’s façade. Demolition is expected to begin this summer, with a targeted opening in 2027. The development marks Sprouts Farmers Market’s first location in Savannah.
WASHINGTON COURT HOUSE, OHIO — The Cooper Commercial Investment Group has brokered the sale of Fayette Square, a multi-tenant retail center in Washington Court House, about 50 miles east of Dayton. The property is fully leased and shadow anchored by Walmart Supercenter. Dan Cooper of Cooper Group represented the seller, a Texas-based investment group. The asset sold to a Kentucky-based buyer at a cap rate of 8 percent.
NORTH READING, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $10.7 million sale of a retail strip center in North Reading, about 20 miles north of Boston. CVS anchors the center at 18-20 Main St., which totals 46,738 square feet, with a 13,225-square-foot store. Justin Smith, Chris Peterson, Danielle Turpin and John Dixon of Atlantic Capital Partners represented the undisclosed seller in the transaction. The buyer was also not disclosed.
Mirroring conditions nationally due to elevated interest rates, associated higher construction costs and general economic and geopolitical uncertainties, the volume of retail leasing and new development activity remains “slow and steady” in the greater Baltimore metropolitan region. The collective business and real estate communities remain optimistic for a rebound later this year, given the robust fundamentals that remain constant locally and the lessons learned during a tepid first-quarter 2025, which was followed by an over-performing remainder of the year. We expect the same to occur in 2026, with robust third and fourth quarters on the horizon later this year. Interest rate complexities Although interest rates have declined somewhat over the past year, the continued elevated climate has made all phases of the retail industry more expensive and forced developers and retailers to take a brief pause or to dig deeper for projected returns. More specifically, this has placed a halt on the future development of several new shopping centers in the Baltimore area due to higher financing costs, and multiple local retailers are also rethinking expansion plans because of steeper Small Business Administration and local banking loans. Separate retail centers in Harford and Howard counties — after being designed and …
Hanley Investment Group Negotiates $12.2M Sale of Single-Tenant Retail Property in Madera, California
by Amy Works
MADERA, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $12.2 million sale of a newly constructed, single-tenant retail property located in the San Joaquin Valley city of Madera. The property spans 4,644 square feet and is occupied by a 7-Eleven convenience store and gas station, with commercial diesel fueling lanes. This transaction marks the highest‑priced, single‑tenant 7‑Eleven property ever sold in California and the first and only 7‑Eleven location in the city, according to Hanley Investment Group. Sean Cox and Bill Asher of Hanley Investment Group represented the seller and developer, Clovis, Calif.-based Stock Five Development Inc. Dev Patel of Kidder Mathews represented the buyer, a private investor from the San Francisco Bay Area.
ROSEVILLE, MINN. — In April, Swavorski opened a 1,051-square-foot store and PacSun opened its newly remodeled 3,995-square-foot store at Rosedale Center, a 1.1 million-square-foot shopping mall in Roseville within metro Twin Cities. Later this month, Hammer Made will open its 576-square-foot store. Lastly, Abercrombie & Fitch will debut a 5,500-square-foot space this summer. Tenants that opened at the property in 2025 include Kendra Scott, J.Crew Factory, Johnston & Murphy, Lolli & Pops, Paris Baguette and BRKThrough. Lane Walsh and Holly Rome of JLL lead the leasing efforts at Rosedale Center.
Cushman & Wakefield Negotiates Sale of Publix-Anchored Shopping Center in Central Florida
by John Nelson
LONGWOOD, FLA. — Cushman & Wakefield has negotiated the sale of the Shoppes of Sweetwater, a 64,253-square-foot, Publix-anchored shopping center located at 3857 Wekiva Springs Road in Longwood, roughly 15 miles north of Orlando. Mark Gilbert, Adam Feinstein and Mitchell Halpern of Cushman & Wakefield represented the seller, an entity doing business as Shoppes of Sweetwater Inc., in the transaction. Washington, D.C.-based Graphite Real Estate was the buyer. The sales price was not released. Shoppes of Sweetwater, which was 94 percent leased at the time of sale, features a mix of tenants such as CVS, The Hummus Corner, Li’s Garden Chinese Restaurant, Aca-Pulquito Cocina Mexicana, Sassy Nails, State Farm Insurance, Duvall Dance Academy, Supercuts, Leslie’s Pool Supplies and Sweetwater Yoga & Fitness. The sale also included an outparcel leased to McDonald’s, as well as an undeveloped 0.6-acre parcel. Graphite Real Estate has retained John Crossman of CrossMarc Services to handle leasing for the center. Crossman was the leasing agent responsible for bringing Publix to the center in 2002, according to Cushman & Wakefield.
CORINTH, TEXAS — The Boulder Group, a brokerage firm specializing in net-lease deals, has negotiated the $4.7 million sale of a 12,983-square-foot retail building in Corinth, located north of the metroplex in Denton County. CVS occupies the building at 1101 FM 2181. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller, a West Coast-based private investor, in the transaction. The buyer was a Southeast-based private investor. Both parties requested anonymity.
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