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609-S-Pueblo-Blvd-Pueblo-CO
AcquisitionsColoradoRetailWestern

Trevey Commercial Real Estate Negotiates Acquisition of 9,100 SF Retail Building in Pueblo, Colorado

by Amy Works

PUEBLO, COLO. — Trevey Commercial Real Estate has negotiated the purchase of a freestanding retail building located at 609 S. Pueblo Blvd. in Pueblo, approximately midway between Denver and the New Mexico border. Mr Blue Sky LLC acquired asset from 609 Property LLC for $1.2 million. Dollar General occupies the 9,100-square-foot property. David Marulli and Mitch Trevey of Trevey Commercial Real Estate represented the buyer, while Ben Farthing and Logan Grant of CBRE represented the seller in the deal.

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AcquisitionsMidwestRestaurantRetailWisconsin

Marcus & Millichap Brokers $1.4M Sale of Taco John’s-Occupied Property in Milwaukee

by Kristin Harlow

MILWAUKEE — Marcus & Millichap has brokered the $1.4 million sale of a Taco John’s-occupied restaurant property in Milwaukee. The net-leased building, constructed in 2023, is located at 4650 S. 5th St. adjacent to the Milwaukee International Airport. Carson Breshears and Hank Wolfer of Marcus & Millichap represented the buyer and seller, both of which were limited liability companies. Todd Lindblom assisted in closing the transaction as the broker of record in Wisconsin.

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Leasing ActivityRetailTexas

The Picklr Opens 28,016 SF Athletic Facility at Eldorado Plaza in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — The Picklr has opened a 28,016-square-foot athletic facility in the northern Dallas suburb of McKinney. The pickleball-based entertainment concept is taking space at Eldorado Plaza, a grocery-anchored development (Trader Joe’s), and the venue will feature nine full-sized courts and one warm-up court. Houston-based Whitestone REIT owns Eldorado Plaza, which is also home to tenants such as Starbucks, Hollywood Feed and Christina’s Mexican Restaurant.

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AcquisitionsIllinoisMidwestRetail

Mid-America Brokers Sale of 108,412 SF Iroquois Center in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Mid-America Real Estate Corp. has brokered the sale of Iroquois Center, a 108,412-square-foot retail center in the Chicago suburb of Naperville. Northpond Partners purchased the asset for an undisclosed price. Some of the tenants at the value-add property include Planet Fitness, Duly Health and Care, Illiana Financial Credit Union and Cookies by Design. Joe Girardi, Rick Drogosz and Bine Wineman of Mid-America represented the seller, IRC Retail Centers/DRA Advisors. Pine Tree managed the property.

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DevelopmentIllinoisMidwestRetail

Summit Design + Build Completes Two Burdeen’s Jewelry Locations in Chicago’s Gold Coast

by Kristin Harlow

CHICAGO — Summit Design + Build has completed an adaptive reuse project for Burdeen’s Jewelry at 120 E. Oak St. in Chicago’s Gold Coast as well as interior renovations to the existing Burdeen’s Jewelry store at 11 E. Walton St. at the base of the Waldorf Astoria. The 120 E. Oak St. project consisted of the interior build-out for Burdeen’s as well as two luxury flagship stores situated on either side. The two-story luxury jewelry store totals more than 10,000 square feet and shares an outer structure with Panerai and IWC. Project highlights include a watchmaking studio, transparent glass floor and large skylight. The location marks Burdeen’s fourth in the Chicago area. Hirsch MPG served as the architect. The renovated space at 11 E. Walton St. features individual luxury brand spaces for Jaeger-LeCoultre, Roger Dubuis and Piaget. Dunne Kozlowski was the architect.

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Leasing ActivityMichiganMidwestRetail

LK Esthetics Leases 1,400 SF at Beck Village Plaza in Novi, Michigan

by Kristin Harlow

NOVI, MICH. — LK Esthetics has leased 1,400 square feet of retail space at Beck Village Plaza in Novi. The property is located at the southeast quadrant of Beck Road and Pontiac Trail. Jack Melton and Michael Murphy of Gerdom Realty & Investment represented the undisclosed landlord, while Haley Kelly of Keller Williams Showcase represented the tenant.

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AcquisitionsGeorgiaRetailSoutheast

Big V Property Group Acquires 303,297 SF Johns Creek Town Center Retail Asset in Metro Atlanta

by Hayden Spiess

JOHNS CREEK, GA. — Big V Property Group has acquired Johns Creek Town Center, a 303,297-square-foot retail center located at 3630 Peachtree Parkway in Johns Creek, roughly 30 miles northeast of Atlanta. Sprouts Farmers Market anchors the property, which was built in 2001 and almost fully leased at the time of sale. Other tenants at the center include HomeGoods, Michaels, Market by Macy’s, Kohl’s, PetSmart and Ulta Beauty. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the undisclosed seller in the transaction. 

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Company NewsDevelopmentLouisianaProperty TypeRetailSoutheast

Batteries Plus Signs Six-Unit Franchise Deal in Louisiana

by Hayden Spiess

ALEXANDRIA, LA. — Wisconsin-based retail chain Batteries Plus has signed a six-unit franchise agreement in Louisiana. The first of the stores is scheduled to open in Alexandria this year, with additional locations planned throughout the state. Franchisees Duane Carmouche, Mitch Matthews and Mohamad Zeidan will own and operate the units. Batteries Plus’ current portfolio features more than 800 stores in the U.S., including 10 in Louisiana. Private equity firm Freeman Spogli owns the brand, which offers battery and repair services for a variety of electronics and vehicle uses. 

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AcquisitionsRetailSouth CarolinaSoutheast

Marcus & Millichap Brokers $18.8M Sale of The Shoppes at Montague Corners in North Charleston, South Carolina

by Hayden Spiess

NORTH CHARLESTON, S.C. — Marcus & Millichap has brokered the $18.8 million sale of The Shoppes at Montague Corners, a retail center located at 5060 Dorchester Road in North Charleston. Planet Fitness anchors the property, which totals 106,518 square feet. The 23-tenant center was 94.6 percent occupied at the time of sale. Other tenants at the property include Dollar General, Harbor Freight Tools and Save-A-Lot. The center has undergone renovations and tenant improvements totaling $4 million within the past two years. Allyssa Paragano and Ani Paulson of Marcus & Millichap represented the seller and procured the buyer in the transaction. 

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Company NewsDevelopmentGeorgiaRestaurantRetailSoutheast

Jack in the Box Plans 15-Restaurant Expansion into Georgia

by Hayden Spiess

SAN DIEGO — San Diego-based Jack in the Box has announced plans to open 15 restaurants in Georgia, marking the first entry into the state for the fast-casual brand. According to a press release from the company, the new sites have not yet been selected, but plans include a focus on the Macon, Augusta and Savannah markets. A franchisee will own and operate the restaurants. Jack in the Box also recently announced a commitment to 30 new locations in Florida. 

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