Retail Archives - REBusinessOnline

Diversified Partners Advances 163-Acre Retail Center Development in Mesa, Arizona

Amy Works — Thu, 02 Jul 2026 14:38:44 +0000

MESA, ARIZ. — Diversified Partners is advancing the development of Destination at Gateway, a 163-acre retail center located at Signal Butte Road in Mesa. The project will include two components: 24 Auto Row, an 80-acre, purpose-built auto mall, and an adjacent power center. Off-site improvements on the east side of Signal Butte Road have been completed, while site work on the west side is underway and is scheduled to be completed by the third quarter of 2026. Current and planned tenants for the project’s power center include Walmart, 7 Brew, Take 5 Oil Change, Taco Bell, Zara Nail Bar and PAC Dental. Additional leasing opportunities remain available for drive-thru pads, shop space and a future junior anchor retailer.

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Gantry Arranges $15.4M in Financing for Two Retail Properties in Monterey Bay Region

Amy Works — Thu, 02 Jul 2026 14:37:23 +0000

SALINAS AND CAPITOLA, CALIF. — Gantry has arranged $15.4 million in permanent loans to refinance two separately owned neighborhood retail properties located at different ends of the Monterey Bay region. Tom Dao and Jake Davis of Gantry represented the borrowers, both private real estate investors. The first property, Creek Bridge Village in Salinas, features 35,000 square feet of retail space and 17 apartments spread across five buildings. The 10-year, fixed-rate nonrecourse loan was secured from one of Gantry’s correspondent life company lenders and features a 30-year amortization. Gantry will service the loan for the lender. The second property, Brown Ranch Marketplace in Capitola, features 85,000 square feet of retail space that is anchored by Trader Joe’s. The property received a 10-year, fixed-rate loan from a regional bank. The loan features a 25-year amortization with prepayment flexibility.

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Phoenix Commercial Advisors Directs $10.7M Sale of Retail Center in Surprise, Arizona

Amy Works — Thu, 02 Jul 2026 14:36:41 +0000

SURPRISE, ARIZ. — Phoenix Commercial Advisors has directed the $10.7 million sale of Grand Village Center, a necessity-based retail center in Surprise. The asset traded for $203 per square foot. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller in the deal. The name of the buyer was not released. Built in 2005, the 52,685-square-foot Grand Village Center was 97 percent leased at the time of sale to an internet-resistant mix of tenants with Elevate Trampoline Park as the anchor.

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JLL Brokers Sale of 29,986 SF Retail Strip Center in Katy, Texas

Taylor Williams — Thu, 02 Jul 2026 13:41:36 +0000

KATY, TEXAS — JLL has brokered the sale of Firethorne Plaza, a 29,986-square-foot retail strip center in the western Houston suburb of Katy. Located at the entrance to the Firethorne master-planned community, the center was fully leased at the time of sale to tenants such as Edward Jones, Pizza Hut, Tide Cleaners and Eye Level Learning. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was Cincinnati-based shopping center REIT Phillips Edison & Co.

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Comcast Spectator, Cordish Cos. Complete Redevelopment of South Philadelphia Sports Complex

Taylor Williams — Thu, 02 Jul 2026 13:39:48 +0000

PHILADELPHIA — Philadelphia-based Comcast Spectator and The Cordish Cos., a Baltimore-based developer specializing in sports-anchored entertainment districts, have completed the redevelopment of the Stateside Live! sports complex in South Philadelphia. The redevelopment features the addition of a two-story building with a rooftop space known as AVA Rooftop Bar, a performance stage with 1,000 premium seats and a 5,000-person capacity, an expansion of PBR Philly via a dedicated outdoor stage and dance floor and an open-air beer garden. Ownership also introduced new dining options, including local restaurants such as Chickie’s & Pete’s, Lorenzo’s Pizza and Geno’s Steaks. The project was first announced in late 2024.

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Mid-America Brokers Sale of 70,144 SF Retail Center in Park Ridge, Illinois

Kristin Harlow — Thu, 02 Jul 2026 13:07:53 +0000

PARK RIDGE, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Shops of Uptown, a 70,144-square-foot, grocery-anchored retail center in the Chicago suburb of Park Ridge. Anchored by Trader Joe’s, The Shops of Uptown is part of the larger Uptown mixed-use development. Joe Girardi and Patrick Corrigan of Mid-America represented the seller, Phillips Edison Co. An institutional investment manager was the buyer.

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Redwood West, Panattoni Purchase 394,616 SF The Pike Lifestyle Center in Long Beach, California

Amy Works — Wed, 01 Jul 2026 13:41:02 +0000

LONG BEACH, CALIF. — Redwood West, in partnership with Panattoni, has purchased The Pike, a 394,616-square-foot waterfront retail, dining and entertainment lifestyle center in Long Beach. Terms of the purchase were not released. Located at 95 S. Pine Ave., The Pike features mixed-use commercial space that was 91 percent leased at the time of sale. Current tenants include Cinemark Theaters, Restoration Hardware, EōS Fitness, Nike Factory Store, H&M, Levi’s, P.F. Chang’s, Gladstones, California Pizza Kitchen and Starbucks Coffee. Redwood West and Panattoni plan to invest $20 million to deliver placemaking initiatives, community-focused events, strategic leasing, neighborhood-serving uses and experiential activations.

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Prudent Growth Acquires 28,850 SF Retail Center in Rowlett, Texas

Taylor Williams — Wed, 01 Jul 2026 13:20:00 +0000

ROWLETT, TEXAS — North Carolina-based investment firm Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail center in Rowlett, approximately 20 miles northeast of Dallas. The sales price was $7.4 million. The center was fully leased at the time of sale to tenants including Baylor Scott & White Outpatient Rehabilitation, HealthPro Pharmacy & Wellness Center, Eagle Food Beer & Wine, Wanda’s Studio and The Track Grill and Bar. The seller was not disclosed.

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FrostPoint Capital Acquires 22,069 SF Metro Birmingham Retail Center for $5.6M

Abby Cox — Tue, 30 Jun 2026 13:57:40 +0000

HOOVER, ALA. — FrostPoint Capital has acquired Lake Crest Plaza, a 22,069-square-foot retail center located in Hoover, roughly 10 miles south of Birmingham, for $5.6 million. The seller requested anonymity. The property, which was fully leased at the time of sale, features a mix of 13 tenants including Whiskey Foxtrot Burger Dive, Oak & Ale and Cajun Cleaver. Crawford Square Real Estate Advisors will manage and lease the center, along with FrostPoint Capital.

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Six New Tenants Sign Leases at Mixed-Use Development in Pittsboro, North Carolina

Abby Cox — Tue, 30 Jun 2026 13:54:47 +0000

PITTSBORO, N.C. — Six new tenants have signed leases at MOSAIC at Chatham Park, a 44-acre development in Pittsboro, roughly 35 miles west of Raleigh. MOSAIC serves as the commercial gateway to Chatham Park, an 8,500-acre mixed-use development currently underway. Italian restaurant a Tavolo is slated to open this August, and Atlanta-based restaurant Flying Biscuit is anticipated to open in the third quarter of 2027. New View Eye Care will open in March 2027, while gourmet ice creamery and candy kitchen Pecan Jacks is anticipated to open this summer. Verizon will open in the fourth quarter of 2026. Meanwhile, First Horizon Bank has acquired a nearly 1-acre parcel for $2.6 million to construct a 3,150-square-foot building. Eight of the 17 buildings planned for MOSAIC are complete. One building is currently under construction and nine are in the pre-construction phase. The project is expected to be fully complete by 2030. Upon completion, Chatham Park is expected to comprise approximately 22,000 homes, with 22 million square feet of office, research, retail, educational and community space. Northwood Landing, a grocery-anchored mixed-used development situated adjacent to MOSAIC, has also recently welcomed two new tenants, including Chase Bank and Wells Family Dental Group. Additional tenants…

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JLL, GA Group Broker $75M Sale-Leaseback of Family Dollar-Occupied Retail Portfolio Across 19 States

Kristin Harlow — Tue, 30 Jun 2026 13:20:49 +0000

CHICAGO — Chicago-based JLL Capital Markets and GA Group Real Estate have brokered the $75 million sale-leaseback of a 46-property Family Dollar retail portfolio across 19 states. JLL’s net lease team and GA Group represented the seller, FD Retail Properties LLC. An institutional real estate investor was the buyer. According to JLL, the transaction demonstrates strong investor appetite for strategically located discount retail assets backed by established national operators, particularly when coupled with geographic diversification that mitigates single-market risk.

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Gart Properties Acquires 158,000 SF Shopping Center in Kansas City

Kristin Harlow — Tue, 30 Jun 2026 13:17:49 +0000

KANSAS CITY, MO. — Gart Properties has acquired Village at Burlington Creek, a 158,000-square-foot, grocery-anchored shopping center in Kansas City’s Northland corridor. Situated less than 10 miles from downtown with direct access to I-29, Village at Burlington Creek is home to Sprouts Farmers Market, Orangetheory Fitness, Club Pilates, Caribou Coffee, Taco Bell and a variety of daily needs businesses. The acquisition marks Gart’s first outside of Colorado. Chris Robertson of Newmark Zimmer represented Gart. PNC financed the transaction.

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NewQuest Breaks Ground on 163,456 SF Retail Project in Northwest Houston

Taylor Williams — Mon, 29 Jun 2026 14:20:00 +0000

HOUSTON — NewQuest has broken ground on a 163,456-square-foot retail project in northwest Houston. The project will feature two junior anchor spaces within The Grand at 249, the local developer’s $90 million project located at the interchange of the Grand Parkway and the Tomball Tollway. The spaces, which are expected to be available for occupancy by mid-2027, are preleased to Dick’s Sporting Goods, Ross Dress for Less, Burlington, Dollar Tree, Cavender’s, Petco, Sephora, Bath & Body Works and Milano’s Nails.

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Marcus & Millichap Arranges $5.3M Sale of Retail Property in Sun Prairie, Wisconsin

Kristin Harlow — Mon, 29 Jun 2026 13:49:37 +0000

SUN PRAIRIE, WIS. — Marcus & Millichap has brokered the $5.3 million sale of a net-leased childcare facility occupied by Willowbrae Academy in Sun Prairie. The newly built property totals 11,790 square feet. There are more than 14 years remaining on the lease. Dominic Sulo and Todd Lindblom of Marcus & Millichap represented the seller, a Chicago-based developer. Sulo and Sam Malato procured the locally based 1031 exchange buyer.

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Woodhouse Spa to Open 6,840 SF Location at Northridge Plaza in Olathe, Kansas

Kristin Harlow — Mon, 29 Jun 2026 13:48:51 +0000

OLATHE, KAN. — Woodhouse Spa is set to open a new location at Northridge Plaza in Olathe. The day spa will occupy a 6,840-square-foot standalone building within the center for its second location in the Kansas City market. Northridge Plaza is home to Dick’s Sporting Goods, Aldi, Ross Dress for Less, U.S. Bank, Panera Bread, Chipotle and Hallmark Gold Crown. A local husband-and-wife franchise team will own and operate the Olathe Woodhouse Spa location. The spa is expected to open in September. Chad LaSala of NAI Heartland represented the tenant in the lease. Erin Johnston of Copaken Brooks represented the landlord on an internal basis.

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Matthews Brokers $8.5M Sale of Retail Strip Center in East Nashville

John Nelson — Mon, 29 Jun 2026 12:22:00 +0000

NASHVILLE, TENN. — Matthews has brokered the $8.5 million sale of a retail strip center located at 1000 Woodland St. in east Nashville’s Five Points district. Built in 2023, the retail center spans 8,207 square feet and houses two tenants: Bartaco and Edley’s Bar-B-Que, which occupy the center on 10-year triple-net leases with annual rent escalations. Ben Burnett of Matthews brokered the transaction. The buyer was a locally based private investor completing a 1031 exchange. The seller was also not disclosed. Additionally, Matthews Capital Markets’ team secured a $5.1 million, five-year acquisition loan through a locally based lender for the buyer.

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Marcus & Millichap Brokers Sale of 46,822 SF Retail Center in Irving

Taylor Williams — Fri, 26 Jun 2026 14:45:13 +0000

IRVING, TEXAS — Marcus & Millichap has brokered the sale of Market Square, a 46,822-square-foot retail center in Irving’s Las Colinas district. Market Square was built in 1984 and houses a mix of service-oriented tenants under triple-net agreements. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

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MCB Acquires Stake in Trader Joe’s-Anchored Shopping Center in Annapolis, Maryland

John Nelson — Fri, 26 Jun 2026 14:09:19 +0000

ANNAPOLIS, MD. — MCB Real Estate has purchased an ownership interest in Annapolis Plaza, a 165,565-square-foot shopping center located at 150 Jennifer Road in Annapolis. An unnamed institutional partner of MCB will retain an ownership interest in the retail property, while MCB will oversee leasing strategy, asset management and property management at the center. The seller and sales price were not disclosed, as well as the percentage of the ownership stake. Annapolis Plaza’s tenant roster includes Trader Joe’s, Homesense, HomeGoods and Marshalls. World Market plans to open a new 16,818-square-foot store at the shopping center soon, according to Baltimore Business Journal.

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Walker & Dunlop Arranges $46M Loan for Refinancing of Retail Center in Rosemead, California

Amy Works — Fri, 26 Jun 2026 14:02:27 +0000

ROSEMEAD, CALIF. — Walker & Dunlop has arranged a $46 million loan for refinancing for a retail center in the Southern California city of Rosemead. Trevor Fase and Lynn Pearson of Walker & Dunlop Capital Markets Real Estate Finance team secured the fixed-rate, interest-only permanent debt loan. Joel Minugh and James Ko of Wells Fargo provided the loan for the borrower, a family office. Located on Rosemead Boulevard, Rosemead Place features 336,718 square feet of retail space. Current tenants include Target, LA Fitness, Ross Dress for Less, PetSmart, ULTA Beauty and Dollar Tree.

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Las Vegas’ Retail Market Holds Firm as Growth Moderates

John Nelson — Fri, 26 Jun 2026 12:00:00 +0000

— By Hillary Steinberg of Avison Young — The Las Vegas retail market delivered a mixed but resilient performance in 2025, with vacancy remaining tight and demand holding steady. Vacancy closed the year at 5.6 percent with nearly 5.6 million square feet of available space. While these fundamentals reflect a healthy market, rent growth softened, increasing by just 2.4 percent year over year. At the same time, development activity remains robust, with roughly 880,000 square feet of retail space currently under construction. New projects continue to emphasize mixed-use and experiential concepts, positioning the market to capture sidelined capital and evolving consumer demand in the year ahead. Vacancy held steady at 5.6 percent in fourth-quarter 2025, supported by sustained population growth, a continued rebound in tourism and stable consumer spending. This momentum is being reinforced by Las Vegas’ economic diversification, which continues to fuel expansion across food, wellness and entertainment retail segments. Although rent growth has moderated from its 2022 peak, leasing fundamentals remain strong. Limited availability continues to favor landlords, who are maintaining pricing power and offering minimal concessions. However, rising construction and tenant improvement costs are placing upward pressure on deal economics. With inventory across Las Vegas, North Las…

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