SAN ANTONIO — Edge Capital Markets has brokered the sale of Wender Plaza, a 63,976-square-foot shopping center in San Antonio. Anchored by Sprouts Farmers Market, Wender Plaza is a newly constructed, fully leased center located at the intersection of Texas State Highway 151 and Hunt Lane on the city’s west side. Chace Henke and Micha van Marcke of Edge Capital Markets represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
CHESAPEAKE, VA. — Atlantic Capital Partners has negotiated the $12.1 million sale of Woodford Square, an 85,323-square-foot shopping center located in the Hampton Roads city of Chesapeake. Harbor Freights anchors the center, which was fully leased at the time of sale to tenants including Dollar General, Hair Cuttery, Roses Discount Store, Dragon China Restaurant and Med Emporium, among others. Fred Victor of Atlantic Capital represented the seller, New York-based Moxie Equities, in the transaction. The buyer was United Properties.
PHOENIX — A partnership between Mack Real Estate Group and McCourt Partners has announced updates for the first phase of Halo Vista, the co-developers’ $7 billion, 2,300-acre mixed-use campus in northwest Phoenix. Halo Vista is set to surround TSMC Arizona, the $165 billion semiconductor fabrication campus. The co-developers, which are operating as an entity doing business as Mack Halo Vista LLC, announced that the project will include a new Costco store, two Marriott-branded hotels (a Courtyard by Marriott and a Residence Inn) and an auto mall (i.e. a cluster of car dealerships). Locally based firm Common Bond Development Group is developing the hotels after acquiring the land from Mack Halo Vista. “Today’s confirmation of the first phase of hospitality and retail users marks an important milestone for Halo Vista because it will enable our project to deliver much-needed services in support of the growing TSMC ecosystem, while we simultaneously continue to focus on horizontal infrastructure development that underpins the entire master plan,” says Chris Janson, president of Mack Halo Vista LLC. The new buildings will be situated at I-17 and Dove Valley Road. Infrastructure is in place and ready for development, according to the developers. Last year, the Arizona State …
LOS ANGELES — Kidder Mathews has arranged the $32.7 million sale of Holmby Hall, a landmark retail property in Los Angeles’ Westwood Village submarket. Tanel Harunzade and Darrell Levonian of Kidder Mathews, along with former Kidder Mathews agent David Saghian, handled the transaction. Details of the transaction were not released. Located at 921 Westwood Blvd., Holmby Hall offers 50,790 square feet of retail space. Built in 1929 in Spanish Colonial Revival style, the property features a 110-foot clock tower designed by Gordon Kaufmann and John Parkinson. The building is a designated Historic-Cultural Monument.
MIAMI — JLL Capital Markets has arranged the $62.1 million sale of Red Bird Center, a 92,089-square-foot retail center located at the intersection of Bird and Red roads in Miami. Milam’s Markets, a regional grocer based in South Florida, anchors the property, which was fully occupied at the time of sale. Additional tenants at the center include Walgreens, Orion Fuels and Ace Hardware. Danny Finkle, Jorge Portela and Kim Flores of JLL’s Investment Sales and Advisory team represented the seller, Red Bird Associates, in the transaction. The buyer was Charlotte-based Asana Partners.
CHICAGO — Marcus & Millichap has brokered the $4.4 million sale of 2525 North Clark Street in Chicago’s Lincoln Park neighborhood. Totaling 7,851 rentable square feet, the asset includes 12 multifamily units and three commercial storefronts anchored by Starbucks. Kyle Stengle of Marcus & Millichap represented the seller. Mitchell Kiven of Marcus & Millichap procured the buyer, The Shiner Group, a Wilmette, Ill.-based developer and investor. The buyer plans to keep the current retailers in place and make targeted improvements to the apartment units for continued rent growth.
SHREVEPORT, LA. — SRS Real Estate Partners has negotiated the $10.4 million sale of a single-tenant retail property in Shreveport leased to Academy Sports + Outdoors. The Texas-based sporting goods retailer occupies the 72,525-square-foot building on an absolute triple-net, corporate-guaranteed lease with 13 years remaining. Built in 2018, the property is situated on roughly 7.7 acres. Michael Berk, Patrick Nutt and Chip Watson of SRS’ Capital Markets team represented the seller, a private investor, in the transaction. The buyer was a publicly traded REIT. Both parties requested anonymity.
By Taylor Williams Retail and restaurant operators looking to enter or expand within the Philadelphia metro area are increasingly looking at suburban locations, and owners of those properties and seasoned brokers within the market both say there’s more to the trend than a simple lack of availability in key urban retail nodes. “The suburbs have been the preferred asset class — to some degree the first choice — for some retailers,” says Kari Glinski, vice president of asset management at regional owner-operator Federal Realty Investment Trust. “It started during COVID, when everybody was home, and with a lot of people living in the suburbs, we’ve seen strong demand. For well-located suburban properties, the leasing volume over the past three years has been at historical highs.” “Even over the past 12 to 24 months, supply has absolutely been constrained and should be even more constrained going forward,” Glinski continues. “For well-located properties backed by demand, new development can work. But right now, with where the cost of capital is, there’s not going to be a huge pop in new supply, thus creating a scarcity of well-located retail space.” Glinski acknowledges that since Federal Realty doesn’t operate many projects in the city, …
Louisville’s retail market continues to show strength in 2025, with grocery anchors driving much of the momentum. Despite national headwinds such as moderating rent growth and elevated construction costs, the metro has proven resilient, posting a vacancy rate of just 3.5 percent, outperforming the national benchmark of 4.8 percent, according to CoStar Group. Asking rents averaged $17.42 per square foot, reflecting steady demand across the region. At the center of this activity are grocers like Kroger, Publix and BJ’s Wholesale Club, each reshaping Louisville’s retail landscape in unique ways. Kroger is deepening its footprint with multiple new stores, including a 123,000-square-foot location under construction on Beulah Church Road that is scheduled to open in 2026. Publix, one of the most closely watched entrants to the Kentucky market, has expanded aggressively after opening its first store, securing 60,000 square feet at Blankenbaker Plaza and 56,000 square feet at Prospect Point. BJ’s Wholesale Club has adopted a redevelopment approach, razing the former Sears building at Jefferson Mall to deliver a 104,000-square-foot store that opened earlier this year. Collectively, these projects underscore the draw of essential, needs-based retail while fueling complementary leasing activity in their surrounding trade areas. Concepts gaining ground That momentum …
MIDLAND, TEXAS — Speed Fab-Crete, a Fort Worth-based design-build firm and general contractor, has completed the 41,688-square-foot Classic Honda of Midland. The car dealership complex spans seven acres and houses a 36,869-square-foot main dealership building, a 3,343-square-foot pre-owned vehicle facility and a 1,476-square-foot car wash. Fort Worth-based Callahan & Freeman designed the project.