Retail Archives - REBusinessOnline

NewQuest Acquires Land for 334-Unit Apartment Community, Retail Center in Katy, Texas

Taylor Williams — Mon, 15 Jun 2026 14:56:15 +0000

KATY, TEXAS — NewQuest has acquired land in the western Houston suburb of Katy for the development of a 334-unit apartment community and retail center. Of the 18.5 acres that the local developer purchased at the southwest corner of Morton and Porter roads, 11.8 will be dedicated to the development of the multifamily component, while the remainder will house the retail component. Designed by Meeks + Partners and developed by Pelican Builders, the apartments will come in one-, two- and three-bedroom floor plans and will have an average size of 865 square feet. Amenities will include a pool and multiple courtyards. The project’s retail component will comprise a 10,860-square-foot, multi-tenant building and five pad sites. Construction is expected to begin early next year.

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Four New Tenants Sign Leases at Inwood Village in North Dallas

Taylor Williams — Mon, 15 Jun 2026 14:37:51 +0000

DALLAS — Four new tenants have signed leases at Inwood Village, a historic shopping center and dining destination located at the intersection of Lovers Lane and Inwood Road in North Dallas. Outdoor lifestyle brand Ball and Buck, along with PopUp Bagels, have already opened at the center. In addition, boutique wellness brand Jungle Studio Fitness will debut in the coming weeks, while home furnishings retailer Rejuvenation by Williams-Sonoma will open toward the end of the year. Open Realty Advisors, in conjunction with Newmark Co., owns and operates Inwood Village, which opened in 1947.

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Kinective Fitness Club to Open 50,859 SF Gym in Plano

Taylor Williams — Mon, 15 Jun 2026 14:35:10 +0000

PLANO, TEXAS — Kinective Fitness Club will open a 50,859-square-foot gym at 4520 State Highway 121 in Plano. The design of Kinective Plano, led by RDC, will be centered around four signature spaces that house seven studios: metabolic conditioning, HIIT (high-intensity interval training), group fitness, immersive cycling, yoga, meditation and Pilates reformer. The club will also offer group fitness classes across all seven studios. The opening is scheduled for early 2027.

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Marcus & Millichap Brokers $3.9M Sale of Retail Strip Center in Pennington, New Jersey

Taylor Williams — Mon, 15 Jun 2026 14:10:28 +0000

PENNINGTON, N.J. — Marcus & Millichap has brokered the $3.9 million sale of Cornerstone Court, an 18,284-square-foot retail strip center located in the Northern New Jersey community of Pennington. The two-story center was 77 percent leased at the time of sale to 11 tenants, with Dunkin’ and Subway serving as the anchors. The center’s second level also includes office space. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller in the transaction and worked with Marcus & Millichap’s David Cafiero and Damien Rance to procure the buyer. Both parties were New Jersey-based private investors that requested anonymity.

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JLL Negotiates $53.8M Sale of Grocery-Anchored Retail Center Near Tucson

Amy Works — Mon, 15 Jun 2026 13:32:10 +0000

ORO VALLEY, ARIZ. — JLL Capital Markets has negotiated the $53.8 million sale of Oracle Crossing, a 265,530-square-foot retail center located in Oro Valley, approximately six miles northwest of Tucson. Patrick Dempsey and Ross Jorgensen of JLL represented the sellers, entities doing business as Oracle Crossings LLC and Oracle and Magee LLC, in the transaction. The buyers were two entities doing business as Oracle Station LLC and Oracle Station I LLC. Built in 2006, Oracle Station spans 30 acres and is anchored by Sprouts Farmers Market. Other tenants at the center, which was 96 percent leased at the time of sale, include Kohl’s, El Charro Café, Pacific Dental, Dunkin’ Donuts, Carbon Health, Brake Max, O’Reilly Auto Parts and Smashburger. The property also features eight separate outparcels.

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Rockspring Nears Completion of 81-Room Hotel, Convenience Store in Marble Falls, Texas

Taylor Williams — Fri, 12 Jun 2026 15:06:24 +0000

MARBLE FALLS, TEXAS — Rockspring is nearing completion of an 81-room Home2 Suites by Hilton hotel, as well as a Rodeo neighborhood convenience store and service station, in Marble Falls, about 50 miles northwest of Austin. Both properties are located within the Texas-based developer’s Panther Hollow Village mixed-use development. In addition, as part of the latest expansionary phase, Learning Path Childcare and Llano National Bank both recently opened branches at Panther Hollow Village.

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MMCC Arranges $85M in Construction Financing for Beverly Hills Mixed-Use Project

Amy Works — Fri, 12 Jun 2026 13:52:08 +0000

BEVERLY HILLS, CALIF. — Marcus & Millichap Capital Corp. (MMCC) has arranged $85 million in construction financing for the development of a 297,771-square-foot mixed-use property at 55 N. La Cienega Blvd. in Beverly Hills. Sharone Sabar of MMCC arranged the financing on behalf of a private investor through a national banking institution. The four-year construction loan was structured at 65 percent loan-to-cost. The six-story property will features 140 multifamily residences and 13,303 square feet of ground-floor retail space. The project will include a three-level subterranean parking structure with 177 spaces, extensive community gathering areas, a restaurant and bar, a coffee shop, recreation lounge, theater, wet and dry saunas, conference facilities, private workspaces and a communal kitchen, as well as a rooftop deck with a resort-style pool. Eleven units will be designated for low-income households and an additional 11 units for moderate-income households.

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Babylist Signs 20,000 SF Retail Lease in Manhattan’s SoHo District

Taylor Williams — Fri, 12 Jun 2026 13:19:55 +0000

NEW YORK CITY — Babylist has signed a 20,000-square-foot retail lease in Manhattan’s SoHo district. The lease term is 10 years, and the space spans two levels (10,000 square feet each) at 477 Broadway. Paul Popkin, Morris Dweck and Annie Squier of Lee & Associates represented the landlord, an entity doing business as 477 Realty LLC, in the lease negotiations. Lydia Bell and Cole Stapleton of Tungsten Property represented Babylist. The opening is scheduled for late summer.

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Wilder, Greenberg Gibbons Purchase 163,975 SF Shopping Center in Raleigh, Plan Renovations

Abby Cox — Fri, 12 Jun 2026 13:10:55 +0000

RALEIGH, N.C. — Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975-square-foot shopping center located in Raleigh. According to the Triangle Business Journal, an entity doing business as Mishorim Gold NC LP sold the asset for $33 million. The acquisition marks Wilder’s entry into North Carolina, as well as Greenberg Gibbon’s first purchase through its $300 million Real Estate Income Fund II. Wakefield Commons was 96.3 percent leased at the time of sale to tenants including Starbucks, Marquee Cinemas and Burn Boot Camp. Greenberg Gibbons plans to renovate and improve the shopping center. Additional details were not disclosed.

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Marcus & Millichap Arranges Sale of 62,400 SF Retail Center in East San Antonio

Taylor Williams — Thu, 11 Jun 2026 14:58:39 +0000

SAN ANTONIO — Marcus & Millichap has arranged the sale of Rigsby Avenue Shopping Center, a 62,400-square-foot retail property located on the east side of San Antonio. Built in 2002, the center is home to tenants such as Dollar Tree (anchor), Alamo City Urgent Care, Brident Dental, Baptist Health Systems, AVIS and Cato. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors who requested anonymity, in the transaction.

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Colliers Brokers Sale of 52,889 SF Shopping Center in South Houston

Taylor Williams — Thu, 11 Jun 2026 14:57:06 +0000

HOUSTON — Colliers has brokered the sale of Parks at Boulder Creek, a 52,889-square-foot shopping center located in South Houston. The center sits on a 4.8-acre site at the southeast corner of Beltway 8 and Pearland Parkway. Spec’s Wines, Spirits & Finer Foods anchors the center, which is also home to a Chipotle Mexican Grill. Christopher Winters of Colliers represented the seller in the transaction. Joshua Sebesta of S+P Interests represented the buyer. Both parties requested anonymity.

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Atlantic Capital Partners Arranges $78.5M Sale of 750,000 SF Shopping Center on Florida’s Space Coast

John Nelson — Thu, 11 Jun 2026 14:24:56 +0000

WEST MELBOURNE, FLA. — Atlantic Capital Partners has arranged the $78.5 million sale of Hammock Landing, a 750,000-square-foot power retail center located in West Melbourne, a city on Florida’s Space Coast. Tenants at Hammock Landing include Marshalls, HomeGoods, Ross Dress for Less, Academy Sports + Outdoors, Petco, Buffalo Wild Wings, AT&T, Ulta Beauty and SunTrust Bank. Target and Kohl’s shadow-anchor the property. The first phase of the center was developed in 2009, and the second phase was delivered in 2014. Justin Smith, Sam Koonce, Dean Sands, Chris Peterson, Fred Victor and Matt Ericson of Atlantic Capital Partners represented the seller, a joint venture between CBL Properties and The Benchmark Group, and secured the undisclosed buyer in the transaction.

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Eastern Union Arranges $12.9M in Acquisition Financing for Shopping Center in Lima, Ohio

Kristin Harlow — Thu, 11 Jun 2026 13:31:03 +0000

LIMA, OHIO — Eastern Union has arranged $12.9 million in financing on behalf of borrower Lima Tov LLC for the acquisition of Lima Center, a 174,078-square-foot shopping center located in northwestern Ohio. The purchase price was $19.5 million. Lima Center was 98 percent leased at the time of the loan closing to 10 tenants, including Five Below and Dollar Tree, and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot TJ Maxx. Jack Beida, Michael Muller and Mike Orlik of Eastern Union arranged the seven-year, fixed-rate mortgage on behalf of the borrower. The seller and the direct lender were not disclosed.

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SJC Ventures Buys Former Macy’s at Harford Mall in Maryland, Plans 94,600 SF Mixed-Use Development

John Nelson — Wed, 10 Jun 2026 14:11:27 +0000

BEL AIR, MD. — Atlanta-based mixed-use developer SJC Ventures has purchased the former Macy’s store at Harford Mall in Bel Air from CBL Properties, a mall REIT based in Chattanooga, Tenn. The purchase secured the final piece of property needed for SJC to begin construction next month on Derby Place, a 94,600-square-foot mixed-use property. SJC completed the first phase of development when it converted the former Sears into the Shops of Harford Mall in 2024. Derby Place will be anchored by a 35,000-square-foot organic grocer and 48,000 square feet of shops and restaurants. Another developer will construct 249 multifamily apartment units on the site with on-deck parking. The development will also feature pedestrian walkways, pocket parks and open space. Derby Place is expected to be ready for occupancy by spring 2028.

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Cove Capital Investments Acquires 72,013 SF Shopping Center in Western Kentucky

John Nelson — Wed, 10 Jun 2026 14:04:53 +0000

PRINCETON, KY. — Capital Cove Investments has acquired a 72,013-square-foot, grocery-anchored shopping center located at 55 U.S. Highway 62 in Princeton, a city in Western Kentucky’s Caldwell County. Anchored by Kroger subsidiary Ruler Foods, the center was fully leased at the time of sale to national credit tenants including Marshall’s and Tractor Supply Co. Capital Cove Investments acquired the center via a Delaware Statutory Trust. The seller and sales price were not disclosed.

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BMC Investments Sells 100,000 SF Mixed-Use Property in Denver

Amy Works — Wed, 10 Jun 2026 14:04:50 +0000

DENVER — BMC Investments has sold 255 Fillmore, a Class A mixed-use building in Denver’s Cherry Creek neighborhood. A high-net-worth family office acquired the asset for an undisclosed price. Tim Richey of Newmark represented the seller in the deal, while Lincoln Property Co. served as investment advisor for the buyer. Alex Foshay and Kevin Shannon of Newmark also supported the transaction. Delivered in 2024, 255 Fillmore features 90,000 square feet of office space and 10,000 square feet of ground-floor retail space. The seven-story property is fully leased to multiple office tenants and three retail/restaurant tenants, including Le Colonial restaurant.

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JLL Brokers $12.1M Sale of Shopping Center in Fort Collins, Colorado

Amy Works — Wed, 10 Jun 2026 14:03:32 +0000

FORT COLLINS, COLO. — JLL Capital Markets has brokered the $12.1 million sale of Drake Crossing, a 56,214-square-foot retail center located at 2100 W. Drake Road Fort Collins. The three-building shopping center was 96 percent leased at the time of sale to a mix of local and national tenants, including Subway, Joseph’s Hardware Store, Intersect Brewery and Poudre Pet & Feed Supply. Alpine Investment Group sold the asset to Big Ben Funds and CAMCRE in an off-market transaction. Jason Schmidt and Austin Snedden of JLL Capital Markets Investment Sales and Advisory team represented the seller in the transaction.

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Cronheim Arranges $33.2M in Financing for Shopping Center in New City, New York

Taylor Williams — Tue, 09 Jun 2026 14:38:59 +0000

NEW CITY, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $33.2 million in financing for a 128,801-square-foot shopping center in New City, located about 40 miles north of New York City. Anchored by grocer ShopRite, New City Center is a recently renovated property that is also home to tenants such as Sakura Japan, Bank of America and Smoothie King. Dev Morris, Allison Villamagna, Brandon Szwalbenest and Andrew Stewart of Cronheim arranged the loan, which carries a three-year term with two one-year extension options, through Voya Investment Management. The borrower was a joint venture between KABR Group and BTF Capital Fund.

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Diversified Partners Acquires Site for 100,000 SF Mixed-Use Project in Scottsdale, Arizona

Amy Works — Tue, 09 Jun 2026 13:14:26 +0000

SCOTTSDALE, ARIZ. — Diversified Partners has closed on a waterfront property in Scottsdale that will become The Lakefront at Scottsdale, a mixed-use redevelopment. The project will revitalize a landmark waterfront site in Scottsdale, transforming a long-established location into a destination for dining, retail and gathering spaces. The 100,000-square-foot property will be redeveloped in phases offering restaurant, retail and office space centered around walkability, gathering spaces and waterfront activation. Originally developed in 1978, the redevelopment will preserve elements of the property’s longstanding architectural character while modernizing the site to serve the needs of the Scottsdale community. The Lakefront at Scottsdale will feature signature restaurants with outdoor dining overlooking the lake, boutique and experiential retail concepts, luxury wellness and lifestyle tenants and Class A office space with waterfront views, as well as a small marina with Duffy boat rentals. Construction is slated to start in third-quarter 2026 with the first phase focused on demolition and development of the restaurant and retail components. The second phase scheduled to begin in early 2027 and focus on the redevelopment of the remaining retail and office portions.

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JLL Brokers $31.5M Sale of Grocery-Anchored Neighborhood Center in El Cajon, California

Amy Works — Tue, 09 Jun 2026 13:13:00 +0000

EL CAJON, CALIF. — JLL Capital Markets has brokered the $31.5 million sale of The Shops at Parkway Plaza, a grocery-anchored retail center in El Cajon. A private seller sold the asset to a Texas-based family office. Located at 149 Fletcher Parkway, The Shops at Parkway Plaza features 122,484 square feet of retail space. Current tenants include Best Buy, HomeGoods, Aldi, Texas Roadhouse and Applebee’s Grill + Bar. Daniel Tyner, Geoff Tranchina and Gleb Lvovich of JLL represented the seller in the deal.

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