STAFFORD TOWNSHIP, N.J. — JLL has arranged a $20.5 million loan for the refinancing of Stafford Park, a 140,893-square-foot shopping center in Stafford Township, located I coastal New Jersey. Developed in 2007, the open-air center was fully leased at the time of sale to tenants such as Dick’s Sporting Goods, Best Buy, PetSmart and Ulta. Jim Cadranell, Ryan Carroll and Christian Badalamenti of JLL arranged the five-year, fixed-rate loan through an undisclosed investment manager on behalf of the borrower, regional owner-operator Walters Group.
LODI, CALIF. — Visintainer Group has arranged the sales of the multi-tenant retail component of Vintner’s Square Shopping Center in Lodi for a combined $23.2 million in a two-part transaction. The sale was structured in two phases approximately one week apart. Gewekw VIII sold a two-parcel portion, occupied by Panera Bread and F&M Bank, to F&M Bank for $8.3 million. Geweke VIII and Geweke Family Partnership LP sold a larger outparcel portion of the retail center to Lodi Exchange LLC and EP Winter Park LLC for $15 million. Brett Visintainer and John Kourafas of Visintainer Group represented the sellers in the transactions. Anna Winters of Colliers represented F&M Bank and Jeff Lefko of Hanley Investment Group represented Lodi Exchange LLC and EP Winter Park LLC in the acquisitions. The sold portions of Vintner’s Square total approximately 48,356 square feet and were 97 percent occupied at the time of sale.
POMONA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a newly renovated, single-tenant retail property located in Pomona, roughly 30 miles east of downtown Los Angeles. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Los Angeles-based LA Icon LLC, while Brad Freeman of Freeman & Associates represented the buyer, a private investor also based in Los Angeles. Starbucks Coffee occupies the 1,650-square-foot space on a 15-year, triple-net corporate lease with 10 percent rental increases every five years during the primary term. Originally constructed in 1977, the single-tenant building was converted from an independent fast food restaurant to Starbucks’ newest prototype.
BIRMINGHAM, MICH. — REDICO is leading the redevelopment of the Fred Lavery Porsche dealership in Birmingham, following the completed demolition of the dealership’s former facility at 34350 Woodward Ave. Construction is underway on a new, three-story dealership that is slated to open in 2027. During construction, the Porsche sales and service operations have been temporarily relocated to Fred Lavery’s other dealership, Audi Birmingham at 34602 Woodward Ave. The redevelopment project expands the showroom, service operations and onsite parking. The project also includes the demolition of adjacent structures along Haynes Street, enabling a reconfigured layout. The project team includes Sachse Construction as general contractor and Albert Kahn Associates and LZG as architects. The new development will embody the “Destination Porsche” global design philosophy.
GRAND RAPIDS, MICH. — YoChef’s Catering Co. has leased 3,022 square feet at the Chateau Village retail center in Grand Rapids. The space, previously occupied by Pac Brazil Restaurant, will soon become the new home of YoChef’s Kitchen, an expansion of YoChef’s Catering that will introduce a café concept serving breakfast, lunch and dinner. Rod Alderink of NAI Wisinski of West Michigan represented the undisclosed landlord. Founded by Chef Joseff VanHorn, YoChef’s Catering has been serving the West Michigan community since 2009.
KATY, TEXAS — NewQuest, a local commercial development and services firm, has broken ground on the multi-tenant retail component of Texas Heritage Marketplace, a $400 million mixed-use development in Katy, a western suburb of Houston. The project represents the largest cluster of retail space in the history of Waller County, according to NewQuest. “As it stands, Waller and surrounding rural counties have been unserved by major retailers,” says Austin Alvis, president and chief development officer for NewQuest. “Texas Heritage Marketplace will fill in that gap.” Situated in the center of Texas Heritage Marketplace, the retail space that is now under construction is leased to tenants including Academy Sports + Outdoors (51,068 square feet), Burlington (22,147 square feet), Spec’s Fine Wines & Spirits (16,806 square feet) and Ulta Beauty (10,000 square feet). NewQuest plans to deliver the junior retail anchors in first-quarter 2027. The groundbreaking also includes Heritage Grove, a green space component that will span five acres at the center of the development. The park-like common space will be surrounded by the junior retailers and an additional 35,000 square feet of retail space planned for restaurants and service retailers, as well as a 40,000-square-foot EoS Fitness location. NewQuest plans for Heritage …
MCALLEN, TEXAS — CTO Realty Growth, a Florida-based REIT, has acquired Palms Crossing, a 399,075-square-foot retail power center in the Rio Grande Valley city of McAllen. Palms Crossing is an open-air center that was 98 percent leased at the time of sale to tenants such as Hobby Lobby, Restaurant Depot, Best Buy, Burlington, Barnes & Noble and Guitar Center. Barry Brown, Chris Gerard, Claudia Steeb and Erin Lazarus of JLL represented the seller, WPG (formerly known as Washington Prime Group), in the transaction.
ANNAPOLIS, MD. — Atlas Hill RE and Centennial have signed five new tenants at Annapolis Mall, a 1.6 million-square-foot super-regional shopping center located in Annapolis, approximately 30 miles east of Washington, D.C. Aéropostale is scheduled to open in June and POP MART plans to open this fall. Abercrombie & Fitch will open its doors in November, while beauty and lifestyle retailer Miss A will debut one of its first 100 stores in the country this year. Existing tenant lululemon is nearly doubling its size, relocating to a new 5,575-square-foot space in 2027. Atlas Hill RE owns and leases Annapolis Mall alongside managing partner Centennial. Annapolis Mall features more than 200 retailers and restaurants such as Macy’s, Apple, Crate & Barrel, H&M, Michael Kors, Tumi, Urban Outfitters, Free People, Foot Locker, Zara, Maggiano’s and The Cheesecake Factory, as well as a 12-screen AMC Theatres location. Centennial and Atlas Hill RE acquired Annapolis Mall in 2024.
WAIMAE, HAWAII — BH Properties has acquired The Shops at Mauna Lani, an open-air retail center at the entrance of Waikoloa Resort in Waimae. Terms of the transaction were not released. Tommy Bahama Restaurant & Bar, Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations and Woodland Farms are tenants at the 75,000-square-foot property.
ORLAND PARK, ILL. — McCollom Realty Ltd. has sold El Cameno Plaza in Orland Park after owning it for 38 years. The retail property at 9931-9985 W. 151st St. features a 54-year lease with 7-Eleven, making it one of the longest 7-Eleven tenancies in the world. Five other tenants occupy the center as well. W.R. “Terry” McCollom, president of McCollom Realty, completed the sale.
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