GALLATIN, TENN. — GBT Realty Corp. plans to develop The Crossroads of Gallatin, a nearly 300,000-square-foot shopping center located in Gallatin, a middle Tennessee city approximately 30 miles northeast of Nashville. Current development plans include roughly 30,000 square feet of divisible shop space, multiple large-format retail spaces ranging up to 55,000 square feet and six outparcels. The Brentwood, Tenn.-based developer is currently in discussion with multiple dining, retail, health and fitness and service-based retailers and restaurants. Further details of the project were not disclosed. Upon full build-out, The Crossroads of Gallatin will be the largest shopping destination constructed in the Nashville MSA since 2015, according to GBT Realty.
PEARL, MISS. — Three retailers are opening new stores at The Outlets of Mississippi, a 325,000-square-foot, open-air outlet mall located in Pearl, roughly five miles outside Jackson. Toys “R” Us will open a 4,645-square-foot store this month, while footwear brand and specialty shoe retailer Clarks will launch its 3,000-square-foot space in the fourth quarter of this year. Seasonal pop-up retail chain Spirit Halloween has already opened its 7,556-square-foot store at the center. The new leases are part of an ongoing revitalization of the center that has welcomed other national and regional brands including Ulta Beauty and Southern Marsh, along with Bath & Body Works, Michael Kors, Nike Factory Store, PUMA, Levi’s and Marshalls, among others. Jackson, Miss.-based Spectrum Capital LLC owns The Outlets at Mississippi, which opened in 2013.
CHICAGO — The 1901 Project owners have revealed renderings for the new Music Hall, a purpose-built live performance venue taking shape on the United Center campus in Chicago. Set to open in 2028 as a centerpiece of the first phase of the 1901 Project, the Music Hall will accommodate 6,000 guests and is being built specifically for live music. New renderings show an intimate performance room with three levels of viewing. The venue bowl has been designed with support from major industry consultants including RIOS, Theater Projects and Kirkegaard. Inside will be bars, merchandise locations and hospitality spaces. Outside, the venue will open directly into the larger 1901 Project campus, connecting guests with new open space, restaurants, retail, parking and a hotel. The 1901 Project is a $7 billion investment that will transform more than 55 acre surrounding the United Center into a mixed-use destination with new public spaces and parks, housing, retail, hospitality, offices and transportation improvements.
BLAINE, MINN. AND LIBERTY, MO. — First Washington Realty (FWR) has acquired two grocery-anchored shopping centers in Minnesota and Missouri for a combined value in excess of $65 million. The acquisitions expand FWR’s portfolio to 21.9 million square feet across 21 states. The Village of Blaine is a 220,685-square-foot center in Blaine, Minn., and Liberty Corners is a 124,808-square-foot property anchored by a 56,000-square-foot Cosentino’s Price Chopper store in Liberty, Mo. Additional tenants include Chipotle and The Big Biscuit.
CALIFORNIA — JLL has arranged $154.1 million in financing for a six-property, 1.3 million-square-foot retail portfolio spanning California, Arizona and Georgia. Chris Drew, John Marshall, Wells Waller, Jarrod Howard, Gabriel Davenport and Preston Bacon of JLL Capital Markets secured financing for the borrowers, Kimco Realty Corp. and an institutional joint venture partner, through institutional investors advised by J.P. Morgan Asset Management. The portfolio includes Morena Plaza in San Diego, Rancho San Diego in El Cajon, Calif., Vail Ranch Plaza and Redhawk Towne Center in Temecula, Calif.; North Decatur Station in Decatur, Ga.; and The Summit at Scottsdale in Scottsdale, Ariz. The portfolio is 99 percent occupied with a 4.6-year weighted average lease term and features grocery anchors, including Costco, Walmart, Whole Foods Market, Sprouts Farmers Market and Safeway. National tenants occupy approximately 76 percent of the portfolio’s gross leasable area, with 46 percent of the tenant roster comprising investment-grade credit.
MICHIGAN AND NEBRASKA — National daycare franchise The Learning Experience has unveiled plans to open 12 new centers over the next three years, adding 120,000 square feet. Each location will total up to 10,000 square feet of indoor building space with up to a 5,000-square-foot playground. Each center will employ as many as 30 staff members and certified teachers to serve upwards of 180 children between six weeks and six years of age with daycare and early childhood education. Eight are planned for Michigan, with six in the Detroit area and two in Grand Rapids. The other four are planned for Nebraska, evenly split between the Lincoln and Omaha metro areas. The Learning Experience, which is owned by private equity group Harvest Partners, now maintains 491 centers open and operating. The Florida-based franchise opened 57 new centers in 2025 and 29 so far in 2026, with another 305 currently under development.
NEW YORK CITY — Walker & Dunlop (NYSE: WD) has arranged a $293 million loan for the refinancing of 40 Tenth Avenue, a 158,957-square-foot mixed-use building located in Manhattan. The property sits in the city’s Meatpacking District near Little Island, Hudson River Park and the Whitney Museum of American Art. 40 Tenth Avenue features 112,241 square feet of office space across floors three through 10, with 46,716 square feet of retail space situated on the first and second floors. Dustin Stolly, Aaron Appel, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Sean Reimer, Jordan Casella and Stanley Cayre of Walker & Dunlop secured the fixed-rate, permanent loan through Corebridge Financial on behalf of the borrower, a joint venture between Aurora Capital and William Gottlieb Real Estate. “40 Tenth Avenue stands out in building quality, location and experience — all elements that differentiate a property for tenants,” says Stolly, senior managing director of the Capital Markets Institutional Advisory team at Walker & Dunlop. “The fully leased office component, institutional tenant roster and substantial outdoor space demonstrate the continued demand for high-touch, well-located workplaces in New York.” According to Walker & Dunlop, the Meatpacking District is one of Manhattan’s most supply-constrained office and retail submarkets, making physical expansion and new commercial ground-up …
NEW YORK CITY — Bally’s Corp. (NYSE: BALY) has received $560 million in financing for its new casino and resort project in The Bronx. Los Angeles-based WhiteHawk Capital Partners provided the financing, which consists of $400 million in “closing date term loan commitments” and $160 million in “delayed draw term loan commitments.” According to Casino.org, the Rhode Island-based gaming and entertainment operator secured the casino license from the State of New York in late 2025 and subsequently acquired 16 acres in The Bronx for the casino and resort, land that was previously part of the Trump Golf Links at Ferry Point. Citizens Capital Markets served as financial advisor to Bally’s on the transaction, which is expected to close before the end of the current quarter.
PARAMUS, N.J. — NRG Adventure Park will open a 59,000-square-foot entertainment venue in the Northern New Jersey community of Paramus. The space is located above a 100,000-square-foot grocery store at Paramus Park South shopping center and will house a ropes course, trampolines, a climbing wall and virtual-reality games. Jamie Sackheim of TSCG represented the landlord, a joint venture led by Heidenberg Properties Group, in the lease negotiations. Jerry Welkis and Stephan Miller of Welco Realty represented NRG.
RALEIGH, N.C. — JLL has arranged the $86.7 million sale of Knightdale Marketplace, a 323,113-square-foot super regional shopping center in metro Raleigh. Invesco Real Estate purchased the 43.5-acre property from a joint venture between affiliates of Bailard Inc. and M&J Wilkow Ltd. Tom Kolarczyk, Andrew Kahn, Ella Glover and Katie Sanger of JLL represented the seller in the transaction. Built in 2008 along I-540, Knightdale Marketplace is located at 1006 Shoppes at Midway Drive and 210-304 Hinton Oaks Blvd. in Knightdale. Target and The Home Depot shadow-anchor the center, which was fully leased at the time of sale to tenants including Academy Sports + Outdoors, Best Buy, T.J. Maxx, Burlington, Ross Dress for Less, HomeGoods, Michaels, PetSmart, Barnes & Noble, Starbucks, Five Guys, Jersey Mike’s, Qdoba, Tropical Smoothie Cafe, Subway and Visionworks. The shopping center also includes outparcels leased to Wells Fargo, Arby’s and Saltgrass Steak House.
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