Retail

Lucescu Realty Negotiates $38.6M Sale of Peccole Plaza Shopping Center in Las Vegas

by Amy Works April 21, 2026

LAS VEGAS — Lucescu Realty has arranged the sale of Peccole Plaza, a shopping center in Las Vegas. Peccole Enterprises sold the asset to a privately held, Las Vegas-based development and investment company for $38.6 million. Peccole Plaza features 161,978 square feet of gross leasable area that is fully leased to a variety of tenants. Current tenants include Kohl’s, Guitar Center, Golf Galaxy, Walgreens, Jack in the Box, Dotty’s, Green Valley Grocery and Desert Orthopaedic. Mark Lucescu and Tanner Englelage of Lucescu Realty were the sole brokers for the transaction. The Lucescu Realty team represented the seller and procured the buyer in the the deal.

April 21, 2026

Acquisitions California Retail Western

Progressive Real Estate Brokers $13.5M Sale of Multi-Tenant Retail Center in Walnut, California

by Amy Works April 21, 2026

WALNUT, CALIF. — Progressive Real Estate Partners has negotiated the sale of The Shops at Walnut Hills Plaza, a fully leased shopping center located at 18718-18766 Amar Road in Walnut. Portola Real Estate Partners acquired the asset from a Los Angeles-based private investor for $13.5 million. Roxy Klein and Greg Bedell of Progressive Real Estate Partners represented the seller in the deal. Built in 1983, The Shops at Walnut Plaza features 19 e-commerce-resistant tenants, including restaurants, medical, beauty and daily-needs operators. O’Reilly Auto Parts, Little Elephants Kids Place, Osuna’s Mexican Restaurant, Papa John’s Pizza, Native Fields Restaurant, Walnut Hills Family Dentistry, Pediatric Dentistry and Sky Nails are tenants at the 37,173-square-foot property.

April 21, 2026

Illinois Leasing Activity Midwest Retail

Club Studio Inks 32,000 SF Retail Lease in Chicago’s Gold Coast

by Kristin Harlow April 21, 2026

CHICAGO — Club Studio, a fitness concept offering high-end amenities, boutique studio classes and wellness services, has signed a 32,000-square-foot retail lease at Newberry Plaza in Chicago’s Gold Coast neighborhood. CBRE’s Luke Molloy, Danny Jacobson and Stephen Ansani represented the landlords, 11 East Partners and Blackbird Investment Group. The transaction marks the third lease completed at the redevelopment of the building’s retail base, known as Newberry on the Triangle. Club Studio will occupy a majority of the second floor and all of the third floor of the retail space at the base of the 53-story residential tower. Club Studio joins Anthropologie, which signed a 16,000-square-foot lease on the first floor, and Canadian restaurant group Moxies, which is bringing a 13,600-square-foot dining concept to the property.

April 21, 2026

Acquisitions Indiana Midwest Office Retail

Quantum Brokers $6.9M Sale of Retail, Office Portfolio in Merrillville, Indiana

by Kristin Harlow April 21, 2026

MERRILLVILLE, IND. — Quantum Real Estate Advisors Inc. has brokered the sale of a three-building retail and office portfolio in Merrillville for $6.9 million. Brett Berlin and Dan Waszak of Quantum represented the seller, Time Equities Inc. The buyer, a Midwest-based fund, plans to invest significant capital into the value-add properties.

April 21, 2026

Development Office Retail Texas

Joint Venture Breaks Ground on 300,000 SF Office, Retail Project in Uptown Dallas

by Taylor Williams April 20, 2026

DALLAS — A joint venture that includes BDT & MSD Partners, Trammell Crow Co. and The Retail Connection has broken ground on Knox & McKinney, a 300,000-square-foot office and retail project in Uptown Dallas. Situated two blocks west of the joint venture’s larger, 1 million-square-foot mixed-use development, the 12-story building will consist of 280,000 square feet of office space and 20,000 square feet of retail and restaurant space. Amenities will include a fitness center, tenant lounge and private bar, multiple terraces and conference/boardroom facilities. Law firm Jones Day has preleased 76,000 square feet of space at Knox & McKinney as the future anchor tenant. Pickard Chilton Architects and HKS Architects are designing Knox & McKinney, and DPR Construction is serving as the general contractor. Trey Morsbach, Jim Curtin, Rex Cruz and Obi Eboh of JLL arranged an undisclosed amount of construction financing for the project through Goldman Sachs Alternatives. Completion is slated for 2028.

April 20, 2026

Acquisitions Massachusetts Northeast Retail

Linear Retail Acquires 11,330 SF Retail Property in Needham, Massachusetts

by Taylor Williams April 20, 2026

NEEDHAM, MASS. — Local owner-operator Linear Retail Properties has acquired an 11,330-square-foot property in Needham, a southwestern suburb of Boston. Needham Center Shoppes is a single-story store block that was fully leased at the time of sale. Tenants include Needham Center Fine Wines, Citizen’s Bank, Gari’s Japanese Fusion Bistro, Bagel’s Best, Kumon and Beauty Muse. The seller was a local family. The sales price was $7 million.

April 20, 2026

Development New Hampshire Northeast Retail

Village Center Properties Completes 8,700 SF Retail Project in Windham, New Hampshire

by Taylor Williams April 20, 2026

WINDHAM, N.H. — New Hampshire-based Village Center Properties has completed an 8,700-square-foot retail project in Windham, located near the Massachusetts-New Hampshire border. Known as Village Center Place, the project comprises three spaces, two of which have been leased. The remaining, 3,250-square-foot restaurant space includes patio seating. Sperry Commercial Realty Associates is the property’s leasing agent.

April 20, 2026

Acquisitions Retail Washington Western

Newmark Brokers Sale of 54,264 SF Renton Highlands Shopping Center in Washington

by Amy Works April 20, 2026

RENTON, WASH. — Newmark Retail Capital Markets has arranged the sale of Renton Highlands Shopping Center, a value-add retail center at the intersection of 4110 and 4250 N.E. 4th St. in Renton. Terms of the transaction were not disclosed. At the time of sale, the 54,264-square-foot property was 82 percent leased. Current tenants include The Goddard School, Petco, AutoZone, DaVita and Chase Bank. The property is shadow anchored by Safeway. Billy Sleeth, Kevin Lemond and Mattie Tonseth of Newmark handled the transaction.

April 20, 2026

Acquisitions California Restaurant Retail Western

Evergreen Devco Sells Pollo Campero-Occupied Restaurant Property in Inland Empire for $2.9M

by Amy Works April 20, 2026

LAKE ELSINORE, CALIF. — Evergreen Devco has completed the disposition of a 3,000-square-foot, single-tenant restaurant property in Lake Elsinore. A San Bernardino, Calif.-based private investor acquired the asset for $2.9 million. Pollo Campero, a fast-casual Latin chicken restaurant, occupies the property on a 15-year absolute triple-net corporate ground lease with 10 percent rental increases every five years. The property is an outparcel to a Stater Bros.-anchored retail center. Bill Asher and Jeff Lefko of Hanley Investment Group Real Estate Advisors represented the seller and developer, while Greg Bedell and Lance Mordachini of Progressive Real Estate Partners represented the buyer in the transaction.

April 20, 2026

California Leasing Activity Retail Western

The Picklr to Open 18,500 SF Indoor Pickleball Facility in Fairfield, California

by Amy Works April 17, 2026

FAIRFIELD, CALIF. — The Picklr has signed a lease to open an 18,500-square-foot facility at 1574 Gateway Blvd. in Fairfield. Slated to open in May, the location will be The Picklr’s second Northern California facility. The Picklr Fairfield will offer seven pickleball courts, including one championship court, AI-powered coaching technology, league play, tournaments and drop-in play opportunities. Additional amenities will include a pro shop, grab-and-go food-and-beverage options, private event spaces, locker rooms and showers, outdoor surfacing areas and court reservations. John Brecher of JLL represented The Picklr in the lease negotiations. Founded in 2021, The Picklr is a membership-based indoor pickleball club concept designed to provide high-quality courts for players of all levels.

April 17, 2026

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