Wednesday, April 30, 2025
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FloridaLeasing ActivityRetailSoutheast

Bout Boxing Signs Retail Lease at Central Island Square Near Charleston  

by John Nelson

DANIEL ISLAND, S.C. — New York City-based Bout Boxing has signed a 2,047-square-foot retail lease at Central Island Square, a 4,000-acre master planned community in Daniel Island. Located roughly eight miles from Charleston International Airport, the new fitness studio is slated to open this spring at 50 Central Island St. Melissa Sweeney of Continental Realty Corp. and Lindsey Halter of Carolina Retail Experts represented the undisclosed landlord in the lease negotiations. Alex Kucich and Nell Kucich currently operate two Bout Boxing locations in New York City and are teaming up with Marc Nuccitelli for the Charleston expansion. Bout Boxing will join a mix of retail tenants at Central Island Square including Buck’s Deli, Par Paradise, Gloss, iCRYO, Tacos & Tequilas Mexican Grill, New York Butcher Shoppe and a pet boutique.

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6208 Eighth Ave.
DevelopmentLoansMixed-UseMultifamilyRetailTop Stories

S3 Capital Provides $210M Construction Loan for Mixed-Use Development in Brooklyn

by Channing Hamilton

NEW YORK CITY — S3 Capital has provided a $210 million construction loan for a 28-story mixed-use project located at 6208 Eighth Ave. in the Sunset Park neighborhood of Brooklyn. Chicago-based Watermark Capital is the project’s sponsor. The company obtained the financing alongside its joint venture partner, Rubin Equities. Once completed, the development will consist of 497 apartment units and 100,000 square feet of retail space. Residents will have access to shared amenities such as a fitness center, rooftop terrace, bike storage, a yoga room, sauna, screening room and coworking spaces. The project is situated directly above the Eighth Avenue subway station. Prestige Construction will serve as the general contractor. An estimated completion date for the development was not disclosed. “We are thrilled to collaborate with Watermark Capital on this exciting project,” said Robert Schwartz, co-founder and partner at S3 Capital. “The Sunset Park housing market is significantly under-supplied, and this development will bring a substantial amount of in-demand, transit-oriented housing units to the community.” Morris Betesh, Alex Bailkin, Matt O’Hanlon and Israel Mermelstein of Arrow Real Estate Advisors arranged the loan on behalf of Watermark Capital. S3 Capital is wholly owned by Spruce Capital Partners, a New York City-based developer, owner, lender and investor. Since …

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AcquisitionsRetailTexas

STRIVE Negotiates Sale of 24,107 SF Retail Center in Tyler, Texas

by Taylor Williams

TYLER, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of Kinsey Crossing, a 24,107-square-foot retail center in the East Texas city of Tyler. The center was built in 2014 and was 80 percent leased at the time of sale to tenants such as Baskin-Robbins, Dunkin’ and T-Mobile. Andrew Williams and Will Schubert of STRIVE represented the New Jersey-based seller in the transaction and procured the buyer. Both parties requested anonymity.

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Leasing ActivityRestaurantTexas

Duckstache Hospitality Opens Three New Restaurants at Autry Park in Houston

by Taylor Williams

HOUSTON — Locally based operator Duckstache Hospitality has opened three new restaurants at Autry Park, a 14-acre mixed-use development located northwest of downtown Houston. Bar Doko and Doko are both Japanese concepts that total 66 seats and opened in late 2024 and February 2025, respectively. Annam is a French-Vietnamese restaurant that also opened in February. A partnership between Hanover Co. and Dallas-based retail owner-operator Rebees owns Autry Park.

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Leasing ActivityNew JerseyNortheastRestaurantRetail

Kushner Welcomes New Tenants to Mixed-Use Redevelopment in Eatontown, New Jersey

by Taylor Williams

EATONTOWN, N.J. — New York City-based Kushner Cos. has welcomed five food-and-beverage users and one retailer to Monmouth Square, a mixed-use redevelopment of the former Monmouth Mall in Eatontown. The tenants — Whole Foods Market, Prince Street Pizza, Cava, Van Leeuwen Ice Cream, Offshore Coffee and STRONG Pilates — account for about 50,000 square feet of new leasing activity, which makes the project’s retail component 75 percent preleased. Bond RP represented Kushner in all negotiations.

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LoansRetailSoutheastTennessee

BEB Lending Provides $10.3M Refinancing for Shopping Center in Nashville

by John Nelson

NASHVILLE, TENN. — BEB Lending has provided a $10.3 million loan for the refinancing of South Plaza Shoppes, a 163,777-square-foot shopping center located at 5620 Nolensville Pike in Nashville. Tenants at South Plaza Shoppes include Ross Dress for Less, Burlington and Dollar Tree. The undisclosed borrower will use the loan to pay off existing debt, as well as cover leasing costs and planned capital expenditures at the property. Sean Silverbrook and Zach Feldman of BEB Lending originated the loan. This transaction represents BEB Lending’s first loan in Nashville and second loan in the state of Tennessee.

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Leasing ActivityMarylandRestaurantRetailSoutheast

First National Realty Partners Adds Burlington, Two Restaurants at Brandywine Crossing in Maryland

by John Nelson

BRANDYWINE, MD. — First National Realty Partners has signed three new tenants to join Brandywine Crossing, a 231,036-square-foot shopping center in Brandywine, a city roughly 27 miles from Washington, D.C. The new tenants at Brandywine Crossing include Burlington, which is backfilling a 25,310-square-foot space that previously housed Joann Fabric and Crafts, as well as Another Broken Egg Café and Buffalo Wild Wings Go. The new restaurants are set to open in the fourth quarter, and the Burlington store is expected to open in 2026. Brandywine Crossing sits on a 30-acre site and is anchored by a nearly 60,000-square-foot Safeway grocery store. Other existing tenants include Bonefish Grill, Panda Express, Marshalls, Advance Auto Parts, Truist Bank, Visionworks, Wells Fargo, AT&T and The UPS Store.

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Mountainside-Fitness-Queen-Creek-AZ
AcquisitionsArizonaDevelopmentRetailWestern

Mountainside Fitness Buys Land for Fitness Club Development in Queen Creek, Arizona

by Amy Works

QUEEN CREEK, ARIZ. — Scottsdale, Ariz.-based Mountainside Fitness has purchased a land parcel at the northwest corner of Combs and Gantzel roads in Queen Creek for the development of a new fitness club location. Slated to open in December 2025, the single-story, 42,000-square-foot Queen Creek Mountainside Fitness offer state-of-the-art equipment and more than 70 daily group fitness classes, as well as locker rooms and a childcare program. Mountainside Fitness currently operates 21 high-end clubs across metro Phoenix. Regan Amato of JLL represented Mountainside Fitness, while Rommie Mojahed of CRE8Advisors represented the undisclosed seller in the deal.

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Leasing ActivityMidwestOhioRetail

Five New Retailers Open at Easton Gateway in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Five new retailers, including two first-to-Ohio locations, have opened or are coming soon at Easton Gateway, a collection of retail and restaurants located next to Easton Town Center in Columbus. Now open include SuitShop, SITKA Gear and Sí Señor. SuitShop’s first Ohio location offers yours-to-keep suits and tuxedos starting under $200. SITKA Gear invented the technical hunting apparel category. The location is the first in Ohio. Sí Señor Peruvian Sandwiches is a locally owned sandwich shop. although historically a lunch spot, the Easton restaurant will also serve dinner. Coming soon is Carhartt, which manufactures clothing known for exceptional durability and comfort. The store will be the first in Columbus. Bareburger will also open soon and is known for crafting burgers with organic and sustainably sourced ingredients. Easton Gateway is an extension and expansion of Easton Town Center and acts as the northeast anchor, or gateway, into the broader Easton development. Easton Gateway, developed in 2014, totals 650,000 square feet.

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AcquisitionsFloridaRetailSoutheast

SRS Arranges $9.3M Sale of New Gas Station and Convenience Store Leased to 7-Eleven in Lecanto, Florida

by John Nelson

LECANTO, FLA. — SRS Real Estate Partners has arranged the $9.3 million sale of a newly built gas station and convenience store located on a 1.8-acre site at 3045 W. Norvell Bryant Highway in Lecanto, a city in west-central Florida. 7-Eleven occupies the 4,500-square-foot property, which was delivered in August 2024, on a 15-year, corporate-guaranteed lease. The property is an outparcel to Black Diamond, a 29-acre retail development anchored by Target. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based developer, in the transaction. The buyer was a private investor from Kentucky. Both parties requested anonymity.

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