Retail

Newmark Arranges $95M Sale of Randhurst Village Shopping Center in Metro Chicago

by Kristin Harlow September 24, 2026

MOUNT PROSPECT, ILL. — Newmark has arranged the $95 million sale of Randhurst Village, a 931,798-square-foot power center in Mount Prospect. Conor Lalor and Keely Polczynski of Newmark represented the seller, DLC, with support from colleague Brian Schneiderman. The buyer was Rhino Investment Group. The transaction follows DLC’s execution of a comprehensive business plan to enhance the asset’s value, drive leasing activity and strengthen the property’s tenant mix. Situated on more than 94 acres at the intersection of Rand and Elmhurst roads, Randhurst Village is home to anchor tenants Costco, Jewel-Osco and The Home Depot. Additional tenants include TJ Maxx, HomeGoods, AMC Theatres, Skechers, Orangetheory Fitness and PetSmart. The property was originally redeveloped from the former Randhurst Mall.

September 24, 2026

Acquisitions Restaurant Retail Texas

RealSource Group Negotiates $5.8M Sale of Restaurant Building in Richmond, Texas

by Taylor Williams September 24, 2026

RICHMOND, TEXAS — California-based brokerage firm RealSource Group has negotiated the $5.8 million sale of a 3,072-square-foot restaurant building in Richmond, a southwestern suburb of Houston. Shake Shack occupies the newly constructed building, which is located within Waterview Town Center, a 134-acre mixed-use development by Read King, on a 15-year, triple-net lease. Austin Blodgett and Jonathan Schiffer of RealSource Group, along with Parasell Inc., represented Read King in the sale. Anthony Cerrone of Marcus & Millichap represented the undisclosed buyer.

September 24, 2026

Acquisitions Retail Texas

Westwood Financial Acquires 23,300 SF Shopping Center in Burleson, Texas

by Taylor Williams September 24, 2026

BURLESON, TEXAS — Westwood Financial, a California-based retail investment firm, has acquired South Town Crossing II, a 23,300-square-foot shopping center in Burleson, a southern suburb of Fort Worth. The center was fully leased at the time of sale to tenants such as Petco, Mathnasium, Mattress Firm and Glitz Nails. The seller and sales price were not disclosed. Westwood now owns 83,286 square feet within South Town Crossing.

September 24, 2026

The-Cliff-Green-Valley-Ranch-Henderson-NV

Development Loans Nevada Restaurant Retail Western

IPA Arranges Joint Venture Equity for Cliff at Green Valley Ranch Adaptive Reuse Project in Henderson, Nevada

by Amy Works September 24, 2026

HENDERSON, NEV. — IPA Capital Markets, a division of Marcus & Milichap, has arranged joint venture equity on behalf of VAC Development for The Cliff at Green Valley Ranch, an adaptive reuse redevelopment in Henderson. Jeremy Slocumb of IPA Capital Markets led the transaction. Upon completion, The Cliff at Green Valley Ranch will be Henderson’s first major open-air retail, dining and lifestyle development of its scale since 2004. The project will convert two obsolete office buildings, built in 2002 on 10 elevated acres at 2500-2550 Paseo Verde Parkway, into a 100,000-square-foot, Class A, pedestrian-friendly campus. The Cliff will feature 38 units ranging from 200-square-foot kiosks to a 16,000-square-foot Arhaus anchor, all organized around a 26,000-square-foot covered outdoor dining lounge. The project will emphasize experiential retail, chef-driven dining, wellness, art and community gathering space. Confirmed tenants include The Taco Stand, Lyte House, Barista Botanist and Killer Whale Creamery. Planned amenities include landscaped courtyards and breezeways, a central bar and outdoor lounge, covered patios, a food-kiosk alley, a children’s play area, public art and live music and performance zones. Deliveries will begin in second-quarter 2027, with first tenants opening in the second half of the year.

September 24, 2026

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 15,000 SF Gas Station, Convenience Store in Junction, Texas

by Taylor Williams September 23, 2026

JUNCTION, TEXAS — Marcus & Millichap has brokered the sale of Gordo’s Travel Center, a 15,000-square-foot gas station and convenience store in Junction, about 115 miles northwest of San Antonio. Built in 2025, the property offers seven multi-product fuel pumps, six diesel stations and showers and restrooms, as well as food and beverages from brands such as Charleys Cheesesteaks, Sbarro and Starbucks. Ameer Adel and Jacob Luna of Marcus & Millichap represented the seller and procured the buyer in the transaction.

September 23, 2026

Acquisitions California Mixed-Use Multifamily Restaurant Retail Western

Decron Properties Acquires Apartment Property in Los Angeles for $114M

by Amy Works September 23, 2026

LOS ANGELES — Locally based Decron Properties has acquired 5550 Wilshire, a 163-unit apartment community in the Miracle Mile area of Los Angeles. According to the Los Angeles Business Journal, the seller was private equity real estate investor GID, headquartered in Atlanta. The asset sold for $114 million. Blake Rogers of JLL arranged the transaction. Developed in 2010, 5550 Wilshire offers one-, two- and three-bedroom apartments and townhomes. Amenities include a resort-style pool, hot tub, rooftop lounges, movie theater and parking for 484 vehicles. The property also includes 14,686 square feet of ground-floor retail space that is fully leased to tenants that include Chipotle, Five Guys and FedEx Office. Decron owns and manages approximately 10,000 multifamily units and approximately 1 million square feet of retail assets across California, Washington and Arizona.

September 23, 2026

Development New Jersey Northeast Retail

JLL Negotiates Sale of 93,785 SF Shopping Center in Linden, New Jersey

by Taylor Williams September 23, 2026

LINDEN, N.J. — JLL has negotiated the sale of The Shops at Legacy Square, a 93,785-square-foot shopping center located in the Northern New Jersey community of Linden. Built in 2021, the center was roughly 81 percent leased at the time of sale to tenants such as Starbucks, Panera Bread, Taco Bell, Wawa, Chick-fil-A, AFC Urgent Care and Aspen Dental. J.B. Bruno, Kevin O’Hearn, Jose Cruz and Cole Doyon of JLL represented the seller, a partnership between Stockbridge Capital Group and Cypress Equities, in the transaction. Michael Klein and Max Custer, also with JLL, arranged acquisition financing for the deal on behalf of the buyer, a partnership between Lamar Cos. and Real Capital Solutions.

September 23, 2026

Development Hospitality Mixed-Use Multifamily Retail Seniors Housing Southeast Virginia

Pembroke Realty Provides Updates on $300M Mall Redevelopment in Virginia Beach

by John Nelson September 23, 2026

VIRGINIA BEACH, VA. — Pembroke Realty Group has provided updates on the $300 million redevelopment of Pembroke Mall, a regional shopping mall in Virginia Beach that dates back to 1966. The project, renamed Pembroke Square, will comprise The Pembroke, a 284-unit luxury apartment community set to break ground in the coming months, and Tempo by Hilton, a 163-room hotel that is underway. Two additional phases are in pre-development, while approximately 26,000 square feet of retail space is expected to come on line through 2028. Existing components at Pembroke Square include Aviva Pembroke, a 153-unit senior living community that opened in December 2024, and existing shops and restaurants including Bath & Body Works, Kohl’s, Latitude Climbing + Fitness, Nordstrom Rack, Old Navy, REI Co-Op, Target, The Fresh Market and Walgreens. Delivery dates for The Pembroke and Tempo by Hilton were not released.

September 23, 2026

Company News Development North Carolina Retail South Carolina Southeast

Harris Teeter Plans $253M Investment to Enhance Stores, Expand in Carolinas

by John Nelson September 23, 2026

MATTHEWS, N.C. — Harris Teeter, a Matthews-based regional grocer and subsidiary of The Kroger Co., plans to invest approximately $253 million over the next three years to refresh and modernize select stores in North Carolina and South Carolina. Renovations and enhancements are planned for locations in Fort Mill and Rock Hill, S.C.; and Matthews, Waxhaw, Concord and Huntersville, N.C. In addition, Harris Teeter plans to open three new stores in Fort Mill and Lake Wylie, S.C., and Kannapolis, N.C. Customers will begin seeing store updates roll out in phases, with timing and scope varying across locations over the next three years. As renovations are completed, grand reopenings are expected to begin this fall.

September 23, 2026

Leasing Activity Restaurant Retail Texas

Karahan Cos. Inks Deals With Seven New Tenants at Frisco Mixed-Use Development

by Taylor Williams September 22, 2026

FRISCO, TEXAS — The Karahan Cos. has inked deals with seven new retailers and restaurants at Fields West, a 55-acre mixed-use development located north of Dallas in Frisco. The tenants include Boll & Branch, Evereve, Flower Child, lululemon, SusieCakes, Tecovas and Warby Parker. Previously announced tenants at Fields West include Crate & Barrel, Gorjana, Pottery Barn, Sweetgreen, Williams Sonoma and [solidcore]. The project’s retail component, which is scheduled to come on line next year, is now 75 percent preleased via 44 signed leases.

September 22, 2026

Newer Posts

Older Posts