Retail

Pappas Properties Signs Publix to 50,000 SF Lease at Cadia Matthews Development in Metro Charlotte

by Abby Cox July 28, 2025

MATTHEWS, N.C. — Development firm Pappas Properties has executed a 50,000-square-foot lease with Publix to anchor the retail component of Cadia Matthews, an 82-acre master-planned community located in Matthews, a southeastern suburb of Charlotte. The new Publix store will feature a full-service pharmacy with a drive-thru. Construction is scheduled to begin in summer 2026 and will employ approximately 150 associates upon completion. According to The Charlotte Observer, the store is expected to open by late 2027. Along with the Publix, Cadia Matthews will feature a mix of retail and dining options, as well as a community park with a performance stage. The Morgan Cos. represented Publix Super Markets in the lease negotiations.

July 28, 2025

California Loans Retail Western

Space Investment Partners, PCCP Complete $70M Recapitalization of University Square Shopping Center in San Diego

by Amy Works July 28, 2025

SAN DIEGO — A joint venture between Space Investment Partners and PCCP has completed the $70 million recapitalization of University Square, a grocery-anchored retail center in San Diego. Situated on 20 acres at 5821-5975 University Ave., University Square offers 199,115 square feet of retail space. The center is currently 98.5 percent occupied by a variety of tenants, including Food4Less, Marshalls, Crunch Fitness and Dollar Tree.

July 28, 2025

Acquisitions Retail Washington Western

Northmarq Arranges Sale of Ellingson Crossing Retail Center in Auburn, Washington

by Amy Works July 28, 2025

AUBURN, WASH. — Northmarq has arranged the sale of Ellingson Crossing, a 15,270-square-foot retail center located within the Auburn/Kent Valley Industrial District, roughly 20 miles south of Seattle. Starbucks Coffee anchors the property, which was originally built in 2007. Tenants at the center include Wingstop, Domino’s Pizza, Taco Time, American Family Insurance and You First Dental Care. Sean Tufts, Kevin Adatto and Joe Dugoni of Northmarq’s Pacific Northwest Commercial Investment Sales team represented the local private seller in the transaction. New York City-based Curbline Properties was the buyer.

July 28, 2025

Acquisitions Michigan Midwest Retail

Mid-America Brokers Sale of 151,121 SF Fairlane North Shopping Center in Dearborn, Michigan

by Kristin Harlow July 28, 2025

DEARBORN, MICH. — Mid-America Real Estate Corp. has brokered the sale of Fairlane North, a 151,121-square-foot shopping center in Dearborn. Dabaja Brothers Development Group, a metro Detroit-based company, was the buyer. The asset will be rebranded as Dabaja Fairlane North Properties. The center is fully leased to Value City Furniture, Crunch Fitness, Forman Mills, Happy’s Outlet and Verizon. Shadow anchors include Walmart, The Home Depot and Launch Family Entertainment. Ben Wineman, Eric Geskermann, Daniel Stern and Tony Schmitt of Mid-America represented the seller, a private investment group. Ali Charara of Century 21 Curran & Oberski represented the buyer. The transaction represents the final component in the disposition of Fairlane North, as Mid-America previously represented the seller in the sales of the Launch and Home Depot parcels.

July 28, 2025

Company News Georgia Retail Southeast Tennessee

Pinnacle Financial, Synovus Agree to $8.6B Merger, Operate Under Pinnacle Brand

by John Nelson July 25, 2025

NASHVILLE, TENN. AND COLUMBUS, GA. — Pinnacle Financial Partners (NASDAQ: PNFP) and Synovus Financial Corp. (NYSE: SNV) have entered into a definitive agreement to combine operations in an all-stock transaction valued at $8.6 billion. The price reflects the closing stock prices for the two companies on July 21, the latest date unaffected by the merger announcement — $116.83 per share for Pinnacle and $55.53 for Synovus. Under terms of the agreement, Pinnacle shareholders will own approximately 51.5 percent of the combined company, which will operate under the Pinnacle name and trade under the PNFP ticker symbol on the New York Stock Exchange. Pinnacle Financial will move its headquarters to Atlanta while the retail bank branch division of the combined company, which will operate under the Pinnacle Bank brand, will be based in Nashville. As of June 30, Synovus operates 244 bank branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Pinnacle operates 179 bank branches in Tennessee, Virginia, North Carolina, South Carolina, Georgia, Alabama, Kentucky and Florida, according to the FDIC. The Pinnacle-Synovus merger will create the largest bank holding company in Georgia and the largest bank in Tennessee. The transaction, which is expected to close in first-quarter 2026, has …

July 25, 2025

California Loans Retail Western

PSRS Secures $9.5M Refinancing for Plaza Las Brisas Retail Center in Murrieta, California

by Amy Works July 25, 2025

MURRIETA, CALIF. — PSRS has arranged $9.5 million in refinancing for Plaza Las Brisas, a retail property in Murrieta. The 43,000-square-foot shopping center, which features 214 parking spaces, was 97 percent occupied at the time of financing. Trevor Blood of PSRS secured the 10-year loan with a 30-year amortization schedule through a correspondent life insurance company for the undisclosed borrower. Loan proceeds refinanced a maturing CMBS loan.

July 25, 2025

Acquisitions Colorado Retail Western

Thrive Preschool Acquires 12,014 SF School Building in Commerce City, Colorado

by Amy Works July 25, 2025

COMMERCE CITY, COLO. — Thrive Preschool has purchased a school property, located at 10000 Chambers Road in Commerce City, for $3.5 million. The 12,014-square-foot property features modern classroom layouts, a fully fenced outdoor play area and ample parking. Thrive Preschool will open enrollment for the new location this fall. Kyle Moyer, Elizabeth Morgan and Cody Stambaugh of Pinnacle Real Estate Advisors represented the buyer in the deal.

July 25, 2025

Development Restaurant Retail Texas

Asana Partners Underway on 160,000 SF Retail Redevelopment Project in Dallas

by Taylor Williams July 25, 2025

DALLAS — Charlotte-based developer Asana Partners is underway on a 160,000-square-foot retail redevelopment project in Dallas. The project will convert the former Oak Lawn Design Plaza in the city’s Design District into an upscale shopping and dining destination known as The Seam. The redevelopment will feature updated lighting, modern hardscapes and softscapes, new curb lines and sidewalk upgrades. Asana Partners has tapped Dallas-based GFF and Morris Adjmi Architects to design the project, and Adolfson & Peterson Construction to serve as the general contractor. Completion is slated for next summer.

July 25, 2025

Acquisitions Retail Texas

Headwall Investments Buys 34,613 SF Shopping Center in Spring, Texas

by Taylor Williams July 25, 2025

SPRING, TEXAS — San Antonio-based Headwall Investments has purchased Shops on Gosling, a 34,613-square-foot shopping center located in the northern Houston suburb of Spring. Built in 2019, the center is home to tenants such as Shipley Do-Nuts, Tune Up Salon, Capital Title, Fajita Pete’s and Center Court Pizza & Brew. Chace Henke and Micha van Marcke of Edge Capital Markets represented the undisclosed seller in the transaction. Dillon Hurley of Argali CRE represented Headwall Investments.

July 25, 2025

Loans Retail Texas

Avatar Financial Funds $3.1M Bridge Loan for Dallas Gas Station, Convenience Store

by Taylor Williams July 24, 2025

DALLAS — Seattle-based lender Avatar Financial Group has funded a $3.1 million bridge loan for a Texaco-branded gas station and convenience store located at 3924 W. Red Bird Lane in southwest Dallas. The loan carries a two-year term, an 11.5 percent initial interest rate and a 65 percent loan-to-value ratio. The undisclosed sponsor will use proceeds to leverage equity from the asset in order to purchase another service station. The borrower plans to refinance Avatar’s loan once the new site is stabilized and producing income.

July 24, 2025

Newer Posts

Older Posts