Wednesday, February 4, 2026
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AcquisitionsIowaMidwestRetail

Cleeman Realty Group Arranges Sale of Orchard Corners Shopping Center in Shenandoah, Iowa

by Kristin Harlow

SHENANDOAH, IOWA — Cleeman Realty Group has arranged the sale of Orchard Corners, a retail center anchored by Hy-Vee in Shenandoah, a city in southwest Iowa. The sales price was undisclosed. Situated on 6.5 acres and shadow anchored by Tractor Supply Co., the property features more than 50,000 square feet of gross leasable area as well as Scooter’s Coffee and McDonald’s outparcels. At the time of sale, the center was 87 percent occupied. Hy-Vee has operated at the property since 1975. Jeremy Scheer of Cleeman represented the buyer and seller, neither of which were disclosed.

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IllinoisLeasing ActivityMidwestRetail

Galleria Furniture Signs 20,000 SF Retail Lease at Marycrest Shopping Center in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Galleria Furniture has signed a 20,000-square-foot retail lease at Marycrest Shopping Center in Joliet. The 171,000-square-foot strip center, located on Jefferson Street, is home to Provena Health, Joliet Bank & Trust, Rent-A-Center, Golden Corral, Dollar Tree, Sidelines Sports Bar, Posh Salon Suites, Clair Beauty Mart, Popus Gourmet Popcorn and Basinger’s Pharmacy. The property is now 93 percent leased. Chris Irwin and Brad Belden of Colliers represented the owner, RMS. Eli Munoz of Wirtz Real Estate represented Galleria Furniture.

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AcquisitionsIowaMidwestRetail

Marcus & Millichap Brokers $2.3M Sale of Retail Strip Center in Davenport, Iowa

by Kristin Harlow

DAVENPORT, IOWA — Marcus & Millichap has brokered the $2.3 million sale of Elmore Avenue Shoppes in Davenport. The fully occupied, six-unit retail strip center is located at 4810 Elmore Ave. just off I-74. Tenants at the 9,835-square-foot property, built in 2002, include GameStop, Hungry Hobo, Computer Repair Center, Indy Smoke Time, Novel Nail Time and 100% Chiropractic. Jeff Rowlett of Marcus & Millichap represented the seller, GPH Davenport Retail LLC. Jon Ruzicka, broker of record in Iowa, assisted in closing the transaction. The sale closed within 50 days to an unnamed buyer.

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AcquisitionsMarylandRetailSoutheast

KLNB Brokers $16.7M Sale of Arbutus Shopping Center in Metro Baltimore

by John Nelson

ARBUTUS, MD. — KLNB has brokered the $16.7 million sale of Arbutus Shopping Center in Arbutus, roughly 10 miles outside Baltimore. Weis Markets anchors the property, which totals 87,939 square feet and was 95 percent occupied at the time of sale. Other tenants at the center include Walgreens, Advance Auto Parts, Dollar Tree and Truist Bank. Meir Duke of Duke Arbutus acquired Arbutus Shopping Center from AmCap Inc., which acquired the property in 1981. Chris Burnham and Vito Lupo of KLNB represented the seller in the transaction, and MFI Realty represented the buyer.

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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Negotiates $6M Sale of Retail Center in Orlando

by John Nelson

ORLANDO, FLA. — Marcus & Millichap has negotiated the $6 million sale of Orange Avenue Plaza, a retail center located in Orlando’s Ivanhoe Village. Situated near Orlando’s downtown business district, the property comprises seven units leased to tenants including White Wolf Café; Fluent, a cannabis dispensary; Miscellaneous Market, a local boutique shop; Better Than Sex, a dessert eatery; the Savoy Orlando nightclub; El Cigarro smoke shop; and Rare Earth gift shop. Tarek Chbeir of Marcus & Millichap represented the undisclosed, privately held seller in the transaction.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 10,157 SF Retail Strip Center in Princeton, Texas

by Taylor Williams

PRINCETON, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Victory Shops at Princeton, a 10,157-square-foot retail strip center located northeast of Dallas. The center was fully leased at the time of sale to tenants such as Dunkin’ and Jersey Mike’s. Hudson Lambert and Jennifer Pierson of STRIVE represented the seller, a local developer, in the transaction and procured the out-of-state buyer.

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Leasing ActivityMassachusettsNortheastRetail

Whole Foods to Open 42,560 SF Store in Hyannis, Massachusetts

by Taylor Williams

HYANNIS, MASS. — Whole Foods Market will open a 42,560-square-foot store at 790 Iyannough Road in the Cape Cod community of Hyannis. The Austin-based grocer is relocating its Hyannis store from 990 Iyannough Road, which has served the community for the past decade. The store will feature full-service meat and seafood counters, a bakery, wellness and beauty section and a prepared foods counter. The grand opening is set for Thursday, Oct. 10.

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AcquisitionsFloridaRetailSoutheast

SRS Brokers $8M Sale of New Retail Strip Center in Davenport, Florida

by John Nelson

DAVENPORT, FLA. — SRS Real Estate Partners has brokered the $8 million sale of Legacy Shoppes, a 10,744-square-foot, multi-tenant strip retail center located at 942 Heritage Pass in Davenport. Patrick Nutt and William Wamble of SRS represented the seller, a private development firm based in Florida, in the transaction. The buyer was a private investor that is also based in Florida. Legacy Shoppes was fully leased at the time of sale to three tenants — Another Broken Egg, Orlando Health and Encore Nails — all of which have 10-year triple-net leases in place. The property was delivered earlier this year and sits on a 3.4-acre site roughly 26 miles southwest of Orlando.

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LoansMichiganMidwestRetail

Bernard Financial Group Arranges $10.5M Loan for Refinancing of Midwest Retail Portfolio

by Kristin Harlow

SOUTHFIELD, MICH. — Southfield-based Bernard Financial Group (BFG) has arranged a $10.5 million loan for the refinancing of a 27,819-square-foot retail portfolio across several states in the Midwest. The properties are located in Carthage, Mo.; Clinton Township, Mich.; Mountain Iron, Minn.; Westerly, R.I.; Mount Pleasant, Iowa; and Norfolk, Neb. Starbucks and T-Mobile are two of the major tenants within the portfolio. Joshua Bernard of BFG arranged the loan through Symetra Life Insurance Co.  

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AcquisitionsKansasMidwestRetail

Block & Co. Sells 46,538 SF Former Best Buy Building in Kansas City to Planet Fitness

by Kristin Harlow

KANSAS CITY, KAN. — Block & Co. Inc. Realtors has sold a 46,538-square-foot retail building formerly occupied by Best Buy in Kansas City for an undisclosed price. The property at 10500 Parallel Parkway sits on four acres within the 850,000-square-foot Plaza at the Speedway shopping center. Planet Fitness plans to utilize approximately 25,000 square feet of the building with remaining space available for lease. Construction is slated to begin immediately. Block & Co. headed the shopping center investment group that originally developed Plaza at the Speedway, which included the Best Buy building. The Best Buy property was sold to a national company and then repurchased by a Block & Co.-headed investment group in 2020. David Block, Max Kosoglad and Alex Block represented Block & Co. on an internal basis in the sale to Planet Fitness.

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