NEWTOWN AND BENSALEM, PA. — A joint venture between ShopOne Centers REIT, Pantheon and an undisclosed institutional investment firm has acquired two open-air shopping centers totaling 122,365 square feet that are located on the northeastern outskirts of Philadelphia. Goodnoe’s Corner is a 34,660-square-foot shopping center in Newtown that was built in 2008 and fully leased at the time of sale. Village Center is an 87,705-square-foot retail center in nearby Bensalem that was built in 1976 (renovated in 1999) anchored by grocer ACME. Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the undisclosed seller and procured the buyer in the transaction.
MURPHY, TEXAS — Dallas-based EōS Fitness will open a 43,801-square-foot gym in Murphy, a northeastern suburb of Dallas. EōS Fitness is backfilling a space previously occupied by 24 Hour Fitness at 229 E. FM 544, which according to LoopNet Inc. was originally constructed on a 6.8-acre site in 2008. Segovia Partners, a brokerage firm with offices in Dallas, Chicago and Jupiter, Fla., negotiated the lease. The opening is slated for some time in 2026.
PEABODY, MASS. — Simon Property Group has completed the redevelopment of Northshore Mall, a shopping, dining and entertainment destination located north of Boston in Peabody. Among the new tenants that have either recently been announced or opened new stores/facilities at Northshore Mall are Life Time Fitness, which opened a 116,000-square-foot athletic resort with multiple pools and spa facilities, as well as Arhaus and L.L. Bean. Interactive gaming experience Immersive Gamebox is also now part of Northshore Mall’s lineup of entertainment users, as is Golf Lounge 18 and Gametime Lanes & Entertainment, which offers bowling and other games in addition to food and drink. Dick’s Sporting Goods will open a new store at the property in 2026 under its “House of Sport” brand, and construction is now underway on a 142-room hotel that will be operated under the Residence Inn by Marriott brand. Conventional retailers that have also recently joined the tenant roster include Lululemon, Hollister, It’Sugar and Sandmagination, while the food-and-beverage component now features the likes of Sweetgreen, Big Chicken and Honeygrow, with Vermont-based Skinny Pancake and ice cream chain Van Leeuwen scheduled to open in the coming weeks. Lastly, electric vehicle maker Tesla recently debuted a new showroom at …
FORT LAUDERDALE, FLA. — Miami-based Gazit Horizons Inc. has purchased Galt Ocean Marketplace, a 105,589-square-foot shopping center situated on a linear 8.6-acre site along A1A in Fort Lauderdale. The seller, an affiliate of a joint venture between Evergreen Investment Advisors and Kitson & Partners, sold the grocery-anchored property for $35.4 million. Casey Rosen, Dennis Carson, Sriram Rajan and Michael Etemad of CBRE represented the seller in the transaction. Galt Ocean Marketplace was 96 percent leased at the time of sale to tenants including Winn-Dixie, CVS, Holy Cross Hospital, McDonald’s, Flagstar Bank and Sherwin-Williams, among others.
LEESBURG, FLA. — Don McMinn and Andrew Koriwchak of Marcus & Millichap’s Taylor McMinn Retail Group in Atlanta have brokered the sale of a single-tenant retail property located at 27417 US Highway 27 in Leesburg, about 45 miles northwest of Orlando. Built on 1.1 acres in 2002, the property was leased to Heartland Dental, which operates the 4,296-square-foot building as South Leesburg Dental Care. The dental practice recently opened at the property, which is an outparcel to a Winn-Dixie grocery store. Heartland Dental has a 10-year corporate lease at the property with rent increases and extension options. McMinn and Koriwchak represented the seller, a Florida-based developer, in the transaction. The locally based buyer purchased the property for an undisclosed amount in an all-cash transaction. “Investor demand for single-tenant medical properties remains strong, driven by the stability of the healthcare sector and quality of the locations,” says McMinn. “We are currently marketing additional Heartland Dental properties in Cape Coral, Fla., and McDonough, Ga.”
RAYTOWN, MO. — Block & Co. Inc. Realtors has secured a 35,000-square-foot location for Me 2 You Career Academy in the Kansas City suburb of Raytown. The fast-track healthcare program that provides debt-free education has moved to 9808 E. 66th Terrace and 9817 E. 66th St. Me 2 You is a Missouri Department of Higher Education-accredited institution established in 2021. The new location provides a larger and improved space to support the academy’s employees, students and overall program growth. Garrett Cohoon of Block & Co. represented the tenant in the lease, while Bill Maas of Block & Co. represented the undisclosed landlord.
MANVEL, TEXAS — Lowe’s Home Improvement will open a 107,135-square-foot store in Manvel, a southern suburb of Houston. The store, which will include a 34,442-square-foot garden and nursery, will be located within Manvel Town Center, a 273-acre mixed-use development by Weitzman. A 108,000-square-foot H-E-B grocery store anchors the initial phase of the development, and a slew of additional retail and food-and-beverage users have either recently or will soon open stores at Manvel Town Center. Lowe’s is slated to open in late 2026.
DEDHAM, MASS. — JLL has arranged the recapitalization of Legacy Place, a 580,000-square-foot retail power center in Dedham, a southwestern suburb of Boston. The open-air center was built on 37 acres in 2009 and was 99 percent leased at the time of recapitalization to tenants such as Whole Foods Market, Apple, Lululemon, Nike and L.L. Bean. Chris Angelone, Zach Nitsche and Hugh Doherty of JLL represented Nuveen Real Estate, which sold its unquantified interest in the property to Madison International Realty, in the transaction. WS Development remains the principal owner of Legacy Place.
MAPLEWOOD, N.J. — Marcus & Millichap has brokered the $4.3 million sale of two retail buildings in Maplewood, located just outside of Newark. The two adjacent, freestanding buildings are leased to Dollar General and Sherwin-Williams and both recently underwent capital improvements. Alan Cafiero, David Cafiero and Dean Matuszewicz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
GRANTS PASS, ORE. — A little over a month after unveiling its 1,000th retail location, drive-thru coffee chain Dutch Bros Inc. (NYSE: BROS) is expanding its operations with goals to reach 2,029 shops by 2029. Originating in 1992 as a pushcart by the railroad tracks in downtown Grants Pass, Dutch Bros opened its first franchise in 2000. Dutch Bros Coffee now has a significant presence in the Pacific Northwest and is expanding with more locations across the United States, moving eastward to Florida, Texas, Oklahoma and Georgia. Looking further out, Dutch Bros sees potential for 7,000-plus locations nationwide, up from its original estimate of 4,000 shops. In 2025 alone, the company expects to open “at least” 160 new stores. The company recently hired former YUM! Brands executive Brian Cahoe as chief development officer to oversee the expansion strategy. The Dutch Bros management team recently provided updates on the business and its long-term growth goals at its Investor Day meeting last week. “We are pleased to deliver quarter-to-date first-quarter same-shop sales above our expectations, supported by positive traffic and strong business momentum,” says Christine Barone, CEO and president of Dutch Bros. Through March 24, same-store sales increased 4.6 percent in the …