WOODSTOCK, GA. — Connolly has unveiled its first wave of tenants at Woodstock Mill District, a 118,000-square-foot shopping center underway in downtown Woodstock, roughly 30 miles northwest of Atlanta. Woodstock Mill District is now 79 percent leased, and tenants are expected to occupy the buildings this fall to prepare for an opening in early 2027. Woodstock Mill District encompasses an 11-acre new development site, as well as an existing 28,000-square-foot retail center that Connolly purchased in 2021 for $4 million. A 46,791-square-foot, freestanding Publix will anchor the new portion, which also features six one- and two-story buildings ranging up to 13,750 square feet in size. In addition to Publix, the tenant roster will include Sydel’s Coffee, Three Dollar Café, Super Chix Chicken & Custard, Club Pilates, Petfolk Veterinary & Urgent Care, E’s Barber Shop, Dentists at Woodstock Mill and Allure Nail Bar. Nine spaces remain available, including a freestanding restaurant building. The 28,000-square-foot strip center, formerly known as Towne Lake Plaza, sits adjacent to the new build and is occupied by three tenants: The Blue Ghost Arcade, Maxwell’s Cigar Bar and Dive Georgia. Tin Drum Asian Kitchen & Boba Tea Bar and barre3 will soon join the tenant lineup of redeveloped …
FORT WORTH, TEXAS — JLL has negotiated the sale of Village at Camp Bowie, a 179,376-square-foot shopping center in Fort Worth. Sprouts Farmers Market anchors the center, which is located on the city’s southwest side. Adam Howells, Chris Gerard, Michael Jankovich and Elizabeth Anne Casillas of JLL represented the seller, Dallas-based Dunhill Partners, in the transaction. EDENS, a regional retail owner-operator based in South Carolina, purchased Village at Camp Bowie for an undisclosed price.
WALNUT, CALIF. — JLL Capital Markets has brokered the sale of Walnut Tech Business Center, a shallow-bay business park in Walnut. AEW sold the asset to CIP Real Estate II LLC for $60.6 million. Totaling 200,049 square feet, Walnut Tech Business Center features 11 buildings with 109 individual suites across industrial, flex office and retail designations that are 94 percent leased. Patrick Nally, Evan Moran, Chad Solomon, Shae Vomund and Lauren O’Neill of JLL represented the seller in the deal. Additionally, JLL’s Kevin Mackenzie, Peter Thompson, Kyle White and Colter Smith arranged $42.9 million in acquisition financing for the buyer.
KANSAS CITY, MO. — The Negro Leagues Baseball Museum and Grayson Capital have announced Russell Construction, in partnership with Vazquez Grayson, as the construction team for the new Negro Leagues Baseball Museum and The Pennant Hotel planned for Kansas City’s historic 18th & Vine District. The development involves a new 35,000-square-foot museum and 144-room hotel that will be a Marriott Tribute Portfolio property. Additional information regarding the project and construction schedule will be announced as the development advances. Reggie Jackson, National Baseball Hall of Famer who started his career with the Kansas City Athletics in 1967, is a partner on the project. He is serving as an equity partner and cultural ambassador for The Pennant Hotel. The Negro Leagues Baseball Museum is the world’s only museum dedicated to preserving and celebrating the history of African American baseball and its impact on the social advancement of America. Grayson Capital is a Kansas City-based real estate investment and development firm focused on hospitality, multifamily, healthcare and mixed-use projects.
VERNON HILLS, ILL. — Fortec has opened The Nest Schools-Vernon Hills. The $5 million project involved the acquisition and redevelopment of a former ambulance warehouse in Vernon Hills, a northern suburb of Chicago. The new early education center will serve up to 209 students and create 35 jobs in the Lake County community. Fortec acquired the property for $1.7 million in September 2025 and invested roughly $3 million in construction, along with $300,000 in closing and due diligence costs. The redevelopment involved a comprehensive interior reconfiguration designed specifically for childcare use. The school features 11 age-grouped classrooms, a new 11,834-square-foot outdoor playground featuring K-Play equipment and dedicated play surfaces for active learning and recreation. The project also included replacement of the building’s core systems, including new high-efficiency HVAC, electrical and irrigation systems, water-efficient plumbing and underground drainage upgrades. Safety enhancements involved a new fire alarm system and sprinkler system as well as upgraded access control security infrastructure. The project represents Fortec’s fourth collaboration with The Nest Schools, an early childhood education provider with more than 50 locations nationwide.
NEW YORK CITY — Two New York City-based firms, retail owner-operator Brixmor Property Group (NYSE: BRX) and Everview Partners, a private equity and investment management group, have entered into an agreement to acquire Toronto-based Slate Grocery REIT for approximately $2.3 billion. Under the terms of the transaction, Brixmor will acquire a portfolio of 23 grocery-anchored shopping centers totaling roughly 3 million square feet for $636 million. The newly formed joint venture between Brixmor and affiliates of Everview Partners will acquire Slate Grocery’s remaining 92 properties totaling approximately 12 million square feet for approximately $1.7 billion. The shopping center portfolio that comprises Brixmor’s lone ownership piece of the transaction is concentrated predominantly across Florida, Georgia and the Carolinas. Those properties currently have an aggregate occupancy rate of about 96 percent and are anchored by grocers such as Publix, Kroger and Harris Teeter. Brixmor will take full ownership of 22 of the centers and 50 percent ownership of a single center. Additionally, Brixmor has identified approximately $100 million of redevelopment and outparcel development opportunities within those centers, including several potential Publix redevelopment projects. Within the second component of the transaction, Brixmor will hold a 20 percent common equity interest and Everview will …
Richmond’s retail market continues to be one of the bright spots in commercial real estate, and it’s not difficult to understand why. While many markets across the country are still working through elevated vacancies and changing consumer habits, Richmond continues to benefit from steady population growth, a diverse economy and a retail inventory that remains remarkably full. Retailers continue to expand here. Investors continue to buy here. And perhaps most importantly, consumers continue to support both national brands and local businesses in a meaningful way. The result is a market that feels healthy, active and well-positioned for future growth. Quality space is hard to find If there’s one thing everyone in can agree on today, it’s that quality retail space is increasingly difficult to find in Richmond. Vacancy throughout the region remains exceptionally low, particularly in established corridors, hovering at around 3.6 percent in the second quarter. Areas like Short Pump, Midlothian and many neighborhood shopping center locations continue to operate with very little available inventory, creating a competitive environment for retailers looking to enter the market or expand existing operations. This has caused rents to continue to trend upward, leaving the landlord with the upper hand. The interesting part …
NEW YORK CITY — Marcus & Millichap has brokered the $16.2 million sale of a 28,819-square-foot retail building in The Bronx. The building at 2244 Westchester Ave. was constructed in 1970 and has housed the flagship branch and corporate headquarters of Ponce Bank for the past 25 years. Steven Siegel of Marcus & Millichap represented the seller, Arc Trust, in the transaction. Judson Kauffman of Surmount (formerly NNN Pro) represented the undisclosed buyer, which acquired the property via a 1031 exchange.
DEER PARK, ILL. — Brand Street Properties and AEW Capital Management have acquired Deer Park Town Center, a 410,000-square-foot, open-air shopping center in Deer Park, about 35 miles northwest of downtown Chicago. Conor Lalor, Kyle Minter and Keely Polczynski of Newmark represented the seller, PGIM, with support from colleagues James Sharpe V and Brian Schneiderman. The sales price was $125 million. Deer Park Town Center is home to more than 60 tenants, including Apple, Crate & Barrel, Williams-Sonoma, Gap, Lululemon, Anthropologie and Sephora. Restaurants include Biaggi’s Ristorante Italiano, Sweetgreen, Stoney River, Ancho & Agave and California Pizza Kitchen. Built in 2000, the property is currently 85 percent leased. Brand Street will be responsible for the day-to-day management, operations and leasing of the center, with the intent of growing occupancy. Public gathering spaces will be reimagined to drive traffic and enhance customer experience.
KEY BISCAYNE, FLA. — Berkadia has arranged a $9.8 million loan to refinance a 61,504-square-foot, two-story retail center located on Key Biscayne, a barrier island situated south of Miami. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez of Berkadia secured the 10-year, fixed-rate loan through a correspondent life insurance company on behalf of the undisclosed owner, which purchased the property in 1997. The financing features a 23 percent loan-to-value ratio. The retail property is situated on Crandon Boulevard, Key Biscayne’s primary commercial corridor and its only land connection to mainland Miami. Built in 1990, the center was 98.8 percent leased at the time of sale to a mix of tenants such as T-Mobile and Northern Trust.
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