Thursday, August 13, 2026
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Retail

AcquisitionsMichiganMidwestRetail

SRS Brokers $6.9M Sale of Single-Tenant Retail Property in Kalamazoo, Michigan

by Kristin Harlow

KALAMAZOO, MICH. — SRS Real Estate Partners has brokered the $6.9 million sale of a single-tenant retail property located at 2103 Parkview Ave. in Kalamazoo. D&W Fresh Market, operated by a subsidiary of C&S Wholesale, occupies the 29,000-square-foot building. Originally built in 1955, the property is situated on 2.3 acres. The current lease extends through Dec. 31, 2031, and includes three five-year renewal options that could extend occupancy through 2046. Jeff Gates of SRS represented the seller, a Toronto-based investor group. The buyer was an institutional investor. D&W Fresh Market has operated at the location for decades.

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AcquisitionsRetailSoutheastTennessee

JLL Brokers Sale of Publix-Anchored Shopping Center in Metro Nashville

by John Nelson

GALLATIN, TENN. — JLL has brokered the sale of Newmans Crossing, a 63,987-square-foot retail center located at 1931 Long Hollow Pike in Gallatin, approximately 30 miles northeast of Nashville. Built in 2023, the fully leased property is anchored by a 48,387-square-foot Publix. Other tenants include Agaves Mexican Restaurant, Kung Fu Tea, Ichiban Steak Express, Fowler Family Dentist, Galaxy Nail Bar and Crown & Iris. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented the seller, Birmingham, Ala.-based Blackwater Real Estate, in the transaction. Publix Super Markets Inc. purchased Newmans Crossing for an undisclosed price.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 17,107 SF Retail Strip Center in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — Marcus & Millichap has brokered the sale of Long Prairie Plaza, a 17,107-square-foot retail strip center in Flower Mound, located in the northern-central part of the metroplex. Built in 2022, the center was fully leased at the time of sale to tenants such as Active Dental, Teacupfuls, Fiore Nail Bar, Cold Stone Creamery, JDX Blinds, Zelena Head Spa, Degree Wellness and Donatos Pizza. Philip Levy and Chris Gainey of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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DevelopmentLeasing ActivityMidwestMissouriRestaurantRetail

Texas Roadhouse to Open at Olive Crossing in Olivette, Missouri

by Kristin Harlow

OLIVETTE, MO. — Texas Roadhouse will open at Olive Crossing in the St. Louis suburb of Olivette. Keeley Properties and KEAT Properties are developing Olive Crossing, a mixed-use project spanning 14.8 acres that is currently home to The Clover luxury apartments and a retail lineup including Aldi, Paris Baguette, Tropical Smoothie Café, Verizon and The Brass Tap. Construction details and the anticipated opening timeline for Texas Roadhouse will be announced as they become available.

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ArizonaDevelopmentRetailWestern

Safeway Opens 64,000 SF Grocery Store at Mixed-Use Development in Metro Phoenix

by Amy Works

GILBERT, ARIZ. — Grocer Safeway has opened a 64,000-square-foot store at The Gilmore, a 35-acre mixed-use development by Thompson Thrift that is located in the Phoenix suburb of Gilbert. Safeway will anchor the $225 million project, which is set to feature 300 luxury apartments, a hotel and roughly 200,000 square feet of boutique shopping, dining and public gathering spaces. Additional retail and restaurant tenants will include Better Buzz Coffee, Handel’s Ice Cream, Jersey Mike’s, Nook Kitchen, Over Easy, EDO Japan, Rebel Wine Lounge, Phantom Fox Brewery, Outcast Doughnuts, Level 1 Arcade Bar, Sweathouz and Honey Go Nails. Retail spaces at The Gilmore are expected to begin opening in late 2026, while residential move-ins and the overall project rollout will stretch into early 2027.

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AcquisitionsMassachusettsNortheastOfficeRetail

ABG Commercial Negotiates $7M Sale of Retail, Office Building in Natick, Massachusetts

by Taylor Williams

NATICK, MASS. — Locally based brokerage firm ABG Commercial Realty has negotiated the $7 million sale of a 24,448-square-foot office and retail building in the western Boston suburb of Natick. According to LoopNet Inc., the building at 801 Worcester St. was completed in 1985. Bernard Gibbons of ABG Commercial represented the buyer, Empire Management, in the transaction. JLL represented the seller, Cognex, a locally based manufacturer of machine vision systems, software and industrial barcode readers.

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DevelopmentIllinoisMidwestRetail

Shops at North Bridge Along Chicago’s Magnificent Mile to Undergo $40M Renovation

by Kristin Harlow

CHICAGO — The Shops at North Bridge will undergo a multi-million-dollar reinvestment that will reposition the Michigan Avenue property at the gateway to Chicago’s Magnificent Mile. The multi-phase restoration will introduce a new street presence, hospitality-inspired interiors and a reimagined mix of retail and dining. Construction is scheduled to begin this month, with retailers remaining open throughout the phased redevelopment process. The project cost is $40 million, according to Crain’s Chicago Business. At the center of the project is a transformation of the property’s Michigan Avenue entrance designed by ParkFowler Plus. A new glass façade will feature a large-format, backlit LED archway display with a digital art installation. Updated tenant signage and architectural enhancements will further elevate the property’s street presence, while Nordstrom’s flagship location will remain a central component of the design. The property’s secondary entrance at Grand Avenue and Rush Street will also undergo significant upgrades, including an additional digital display, enhanced lighting, modernized finishes, improved wayfinding and a more visible tenant directory. Inside, the central atrium will be transformed into a hospitality-driven gathering space anchored by a suspended sculptural installation and a future bar and lounge concept. As part of the broader repositioning efforts, a new merchandising …

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Leasing ActivityNew YorkNortheastRetail

Chelsea Piers Fitness to Open 76,000 SF Gym in Lower Manhattan

by Taylor Williams

NEW YORK CITY — Chelsea Piers Fitness will open a 76,000-square-foot gym in Lower Manhattan. The space, which includes 9,000 square feet for outdoor fitness uses, will span five levels within the planned mixed-use building at 250 Water St., which is being developed by a partnership between local developer Tavros and Atlas Capital. An opening date was not announced, but construction of the larger building is expected to begin this winter. No third-party brokers were involved in the lease negotiations.

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AcquisitionsIllinoisMidwestOhioRetailWisconsin

Quantum Brokers Sale of 67,000 SF Retail Portfolio Across Three Midwest States

by Kristin Harlow

ILLINOIS, OHIO AND WISCONSIN — Quantum Real Estate Advisors Inc. has brokered the sale of a five-property retail portfolio totaling roughly 67,000 square feet. The centers are located in Aurora, Illinois; Milford and South Lebanon, Ohio; and Appleton and Kenosha, Wis. Dan Waszak and Brett Berlin of Quantum represented the seller, a private syndicator based on the East Coast. The buyer was a global real estate investment manager focused on acquiring niche property types, including essential service retail.

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The office sector showed its strongest performance since COVID in the second quarter of 2026, according to the Lee & Associates’ 2026 Q2 North America Market Report.
AcquisitionsContent PartnerDevelopmentFeaturesIndustrialLeasing ActivityLee & AssociatesLoansMidwestMultifamilyNortheastOfficeRetailSoutheastTexasWestern

Lee & Associates’ Q2 Report: Office, Retail Markets Gain Momentum as Industrial, Multifamily Face Headwinds

by Sarah Daniels

The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …

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