Retail

Portman to Bring 30,000 SF Food Hall to Savona Mill Redevelopment in Charlotte

by John Nelson May 28, 2026

CHARLOTTE, N.C. — Portman has announced plans for Savona Food Works, a 30,000-square-foot food hall that will anchor the company’s Savona Mill adaptive reuse project in Charlotte’s West End district. Veteran food hall operator Robert Montwaid will lead the dining installation, which will offer 25 food stalls, a full-service restaurant and bar, coffee shop, flower market and rooftop bar. Montwaid’s previous ventures include leading Gansevoort Market in New York City’s Meatpacking District and Chattahoochee Food Works in Atlanta’s West Midtown neighborhood. Savona Food Works will be situated in the “Weave building,” which dates back to the 1900s, and will debut in 2027. Other components of the 27-acre mixed-use district include 200,000 square feet of creative office space and 319 apartments, with more multifamily units expected in the next phase of development. Savona Mill is situated adjacent to the Stewart Creek Greenway, a pedestrian trail that connects to the LYNX Light Rail and Blue Line Rail Trail.

May 28, 2026

Acquisitions Georgia Restaurant Retail Southeast

Marcus & Millichap Brokers Sale of Restaurant in Buford, Georgia Leased to Whataburger

by John Nelson May 28, 2026

BUFORD, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Buford, a northeast suburb of Atlanta in Gwinnett County. Whataburger occupies the restaurant on a 15-year ground lease that features 10 percent rent increases in the initial term and extension options. The popular burger chain recently backfilled the restaurant vacated by an unnamed tenant. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the sale on behalf of the seller, a developer that is a repeat client for Whataburger. The out-of-state buyer purchased the restaurant in an all-cash 1031 exchange. “Despite challenges with the higher price point, our team sourced an all-cash, out-of-state, 1031 buyer through our national reach and buyer relationships,” says McMinn. “This is our fifth Whataburger sale in Atlanta, and we have additional Atlanta product for sale.”

May 28, 2026

Loans Retail Texas

Nuveen Green, Lone Star PACE Provide $8M C-PACE Loan for West Houston Retail Project

by Taylor Williams May 28, 2026

HOUSTON — Nuveen Green Capital and Lone Star PACE have provided an $8 million C-PACE (Commercial Property Assessed Clean Energy) loan for Ashford Yard, an 83,000-square-foot retail project in West Houston. Ashford Beer Garden has preleased 21,000 square feet as the anchor tenant of the development. Loan proceeds will be used to install a high-efficiency building envelope and windows, upgraded HVAC systems, enhanced lighting fixtures and water systems with low-flow plumbing fixtures. The borrower was not disclosed.

May 28, 2026

California Loans Retail Western

PSRS Arranges $27M Refinancing Loan for Retail Center in Encino, California

by Amy Works May 28, 2026

ENCINO, CALIF. — PSRS has arranged a $27 million loan for the refinancing of a shopping center in Encino. Michael Tanner and David Sarnoff of PSRS secured the 10-year loan, which features a 30-year amortization schedule, through a correspondent life insurance company for the undisclosed borrower. The 140,161-square-foot shopping center features 52 rentable suites occupied by a variety of tenants, including destination retailers, food-and-beverage chains, personal services and medical/professional offices, and 400 parking spaces.

May 28, 2026

Acquisitions Midwest Nebraska Retail

DLC, DRA Advisors Acquire 640,328 SF Shadow Lake Towne Center in Papillion, Nebraska

by Kristin Harlow May 28, 2026

PAPILLION, NEB. — DLC, in joint venture with a fund managed by DRA Advisors, has acquired Shadow Lake Towne Center in Papillion. The transaction marks DLC’s entry into the metro Omaha market. The shopping center totals 640,328 square feet and is 90 percent leased to tenants such as JC Penney, Dick’s Sporting Goods, Burlington, TJ Maxx, HomeGoods, PetSmart, Ross Dress for Less and Ulta. A Hy-Vee grocery store shadow anchors the property.

May 28, 2026

Acquisitions Net Lease Retail Texas

RealSource Arranges $5.4M Sale of Single-Tenant Retail Building in Kemah, Texas

by Taylor Williams May 27, 2026

KEMAH, TEXAS — California-based brokerage firm RealSource Group has arranged the $5.4 million sale of a single-tenant retail building in Kemah, located southeast of Houston, that is net leased to Mister Car Wash (NASDAQ: MCW). The 5,462-square-foot building was constructed in 2021 and is backed by a fully guaranteed corporate lease. Austin Blodgett and Jonathan Schiffer of RealSource Group, in association with ParaSell, Inc., represented the seller, a local private investor, in the transaction. Chase Cameron of Matthews represented the buyer. Both parties requested anonymity.

May 27, 2026

Acquisitions Northeast Pennsylvania Retail

CenterSquare Buys 32,242 SF Shopping Center in Warrington, Pennsylvania

by Taylor Williams May 27, 2026

WARRINGTON, PA. — CenterSquare Investment Management has purchased a 32,242-square-foot, unanchored shopping center in Warrington, located north of Philadelphia. Built in 2015, Valley Gate Shopping Center is home to tenants such as Sport Clips, T‑Mobile, Visionworks, Crumbl Cookies and Buffalo Wild Wings. Chris Munley, Colin Behr, Ryan Sciullo, Casey Benson Smith and R.J. Mirabile of CBRE represented CenterSquare in the deal. Gregory Bianchi of US Realty Associates represented the seller, Metro Development Co.

May 27, 2026

Acquisitions California Mixed-Use Office Restaurant Retail

Bridgeton Divests of 36,000 SF Museum Parc Mixed-Use Property in San Francisco

by Amy Works May 27, 2026

SAN FRANCISCO — Bridgeton has completed the sale of Museum Parc, a mixed-use property in San Francisco’s SoMa neighborhood, to DPI Retail for $19.2 million. Eric Kathrein, Andrew Spangenberg and Allie Repaskey of JLL Capital Markets represented the seller in the transaction. Located at 300 3rd St., Museum Parc features 36,000 square feet of fully leased street-level retail space situated below 234 condominium units. Current commercial tenants include Crunch Fitness, El Dorado Latin Fusion, Aquabyte and TowerWAV.

May 27, 2026

Acquisitions Illinois Midwest Retail

United Properties Acquires Two Chicagoland Shopping Centers for $22.6M

by Kristin Harlow May 27, 2026

CHICAGO AND ROMEOVILLE, ILL. — United Properties Corp. has acquired Bishop Plaza, a 76,000-square-foot retail center in Chicago, for $11.5 million. The company also purchased the Shops at Romeoville, an 82,687-square-foot shopping center along the South Weber Road corridor in Romeoville, for $11.1 million. The Shops at Romeoville is home to tenants such as TJ Maxx, Ross Dress for Less, Petco and Five Below. Based in East Meadow, N.Y., United Properties owns and operates shopping centers across 22 states.

May 27, 2026

Acquisitions Florida Retail Southeast

SRS Arranges $11.1M Sale of Retail Property in Jacksonville

by John Nelson May 27, 2026

JACKSONVILLE, FLA. — SRS Real Estate Partners has arranged the $11.1 million sale of Shops at Race Track, a nearly 17,000-square-foot retail center located at 4560 Race Track Road in Jacksonville. Situated on 2.4 acres within the Durbin Park master-planned community, the property was fully leased at the time of sale to six tenants including Heartland Dental, Dep Nails and Avecina Medical. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate development and investment firm, in the transaction. Sean McGill of Cantrell & Morgan represented the buyer, a private investment firm with offices in New York and Jacksonville. Both parties requested anonymity.

May 27, 2026

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