Retail

Greenstone Partners Brokers $4.1M Sale of Urban Outfitters-Leased Retail Condo in Chicago

by Kristin Harlow October 23, 2026

CHICAGO — Greenstone Partners has brokered the $4.1 million sale of a 10,600-square-foot, two-level retail condominium in Chicago’s Wicker Park neighborhood that is fully leased to Urban Outfitters. Danny Spitz and Brewster Hague of Greenstone represented the seller, Newcastle Investors. Spitz also brokered Newcastle’s acquisition of the property in 2013. Urban Outfitters has occupied the asset since 2005. The tenant completed an early extension of its lease, which now runs through January 2034.

October 23, 2026

Acquisitions Company News Midwest New York Northeast Retail Southeast Texas Top Stories Western

PSP Investments, Nuveen Launch $790M Grocery-Anchored Retail Joint Venture

by Abby Cox October 23, 2026

MONTREAL AND NEW YORK CITY — The Public Sector Pension Investment Board (PSP Investments), a pension fund investor based in Montreal, and Nuveen Real Estate, one of the largest investment managers in the world, have launched a joint venture with an initial investment of $790 million to acquire open-air shopping centers across the United States. To date, PSP and Nuveen have closed on 3 million square feet across 19 assets in Arizona, California, Colorado, Florida, Minnesota, Texas, Virginia and Washington. The investment strategy is demographically driven, focusing on open-air shopping centers anchored by market or category dominant grocers, necessity-based retailers and essential services that demonstrate “durable performance and resilient foot traffic,” according to the press release. In particular, the joint venture targets U.S. metro areas with strong population growth, rising household incomes and high barriers to entry, where well-capitalized retailers are actively seeking to expand. “Necessity-based retail has demonstrated remarkable resilience through various cycles, underpinned by consistent consumer demand for essential goods and services,” says Brian Wallick, portfolio manager of U.S. cities retail strategy at Nuveen Real Estate. “We’re confident this combination of scale, relationships and local execution positions us strongly in one of the most stable and defensive segments …

October 23, 2026

Features Retail

Finish Strong: Building Better Retailer-Contractor Partnerships

by Abby Cox October 22, 2026

By Justin Elder, President, Elder-Jones, Inc., and President, Retail Contractors Association Whether a retailer is opening a new location, refreshing an operating store, converting an acquired property or rolling out a new prototype, construction comes with variables. Permits move at different speeds. Existing conditions do not always match record drawings. Electrical gear, HVAC equipment, storefront systems and owner-furnished fixtures may carry long lead times. Late design or merchandising changes can ripple through procurement, sequencing and store-opening plans. Those conditions may be unavoidable. Cost and schedule surprises often are not. The difference is disciplined preconstruction, clear decision rights, reliable project controls and a contractor who understands that the job site is also a retail environment. During a roundtable discussion at a recent RCA Annual Conference, experienced retail contractors shared lessons from decades of work. Their central message was straightforward: strong relationships matter, but the best partnerships turn trust into a repeatable operating process. Start with a technically complete preconstruction process The most effective time to solve a construction problem is before crews mobilize. Retailers should bring the contractor into the process early enough to test the drawings against field conditions, procurement realities, operating requirements and the proposed schedule. For remodels and …

October 22, 2026

Acquisitions Retail Texas

Edge Realty Partners Brokers Sale of 38,880 SF Shopping Center in Richmond, Texas

by Taylor Williams October 22, 2026

RICHMOND, TEXAS — Edge Realty Partners has brokered the sale of Long Meadow Farms, a 38,880-square-foot shopping center in the southwestern Houston suburb of Richmond. Specific users were not named, but the center’s tenant roster is “service-oriented.” Micha van Marcke of Edge Realty Partners represented the seller in the transaction. The buyer and sales price were also not disclosed.

October 22, 2026

Acquisitions Connecticut Northeast Retail

Prusik Group Sells 156,568 SF Shopping Center in Norwalk, Connecticut

by Taylor Williams October 22, 2026

NORWALK, CONN. — The Prusik Group, a New York City-based retail developer, has sold a 156,568-square-foot shopping center in the southern coastal Connecticut city of Norwalk. Main Avenue Shopping Plaza was built on 16.3 acres in 1996. At the time of sale, the center was fully leased to tenants such as grocer Stop & Shop (anchor), Total Wine & More, Hobby Lobby and Burger King. J.B. Bruno, Kevin O’Hearn and Jose Cruz of JLL represented Prusik Group in the transaction. The buyer and sales price were not disclosed.

October 22, 2026

Acquisitions Retail Southeast Virginia

Ziff Real Estate Partners Sells Trader Joe’s-Anchored Shopping Center in Richmond for $41.3M

by John Nelson October 22, 2026

RICHMOND, VA. — Mt. Pleasant, S.C.-based Ziff Real Estate Partners has sold Stony Point Village, a 112,238-square-foot shopping center located at 3000-3002 Stony Point Road in Richmond’s Bon Air neighborhood. Charlotte-based Asana Partners purchased the center for nearly $41.3 million. Trader Joe’s anchors Stony Point Village, which also houses Sephora, Virginia ABC and Planet Fitness. Ziff Real Estate Partners purchased the shopping center in 2019 when it was 47 percent occupied.

October 22, 2026

Acquisitions Retail Washington Western

Kimco Realty Acquires 86,909 SF Canyon Ridge Plaza in Kent, Washington

by Amy Works October 22, 2026

KENT, WASH. — Kimco Realty has purchased Canyon Ridge Plaza, a multi-tenant retail community in Kent, from an undisclosed seller for $19 million. Sean Tufts, Kevin Adatto, Joe Dugoni and Jack Hallberg of Northmarq handled the transaction. Located at 26015 104th Ave., Canyon Ridge Plaza features 86,909 square feet of 94 percent occupied retail space. Current tenants include Ross Dress for Less, Old Navy, Petco, Bath & Body Works and Verizon Wireless. Six tenants have executed new or extended long-term leases since January 2025, including a 10-year renewal from Ross. Shadow tenants includes Target, Burlington and TJ Maxx.

October 22, 2026

Acquisitions California Retail Western

Pacific Coast Commercial Brokers Sale of 30,600 SF Multi-Tenant Strip Center in Vista, California

by Amy Works October 22, 2026

VISTA, CALIF. — Pacific Coast Commercial has negotiated the sale of a multi-tenant strip center located at 1717 E. Vista Way in Vista. LB ONE LLC sold the asset to CDH Holdings V LLC for $3.5 million. The 30,600-square-foot property is occupied by a mix of local office and retail businesses. Martin Alfaro of Pacific Coast Commercial represented the seller and buyer in the deal. Ticor Escrow and Title handled escrow and title services for the transaction.

October 22, 2026

Acquisitions Illinois Midwest Retail

Pine Tree Acquires Sponsor Interest in 10-Property, $644M Retail Portfolio Across Nine States

by Kristin Harlow October 22, 2026

CHICAGO — Chicago-based shopping center owner Pine Tree has acquired sponsor interest in a 10-property portfolio recently appraised at $644 million and totaling 3.5 million square feet. The interest was acquired from SITE Centers (NYSE: SITC) in partnership with a large international investor. The transaction brings Pine Tree’s total acquisition activity over the past 12 months to more than $1 billion and grows the company’s assets under management to more than $4 billion. Spanning nine states, the primarily grocery-anchored portfolio is comprised of tenants such as Target, Sam’s Club, Publix, Aldi, Sprouts Farmers Market, Food Lion, The Fresh Market, Lowe’s, Dick’s Sporting Goods, Best Buy, Marshalls, HomeGoods and Ross Dress for Less. The properties include: Ahwatukee Foothills Towne Center in Phoenix; Ashley Crossing in Charleston, S.C.; Brookside Marketplace in Chicago; Commonwealth Center in Richmond, Va.; Connecticut Commons in Hartford, Conn.; Independence Commons in Kansas City, Mo.; Poyner Place in Raleigh, N.C.; Route 22 Retail Center in New York City; Towne Center Prado in Atlanta; and University Centre in Wilmington, N.C.

October 22, 2026

Acquisitions Restaurant Retail Texas

Marcus & Millichap Brokers $7.5M Sale of Restaurant Building in Katy, Texas

by Taylor Williams October 20, 2026

KATY, TEXAS — Marcus & Millichap has brokered the $7.5 million sale of an 8,753-square-foot restaurant building in the western Houston suburb of Katy. The sales price equates to $874.84 per square foot. The building at 222 W. Grand Parkway was constructed on a 1.5-acre site in 2017 and is net-leased to Brazilian restaurant chain Fogo de Chao. Alvin Mansour and David Kern of Marcus & Millichap represented the seller, a developer, in the all-cash transaction. The buyer was a California-based 1031 exchange investor. Both parties requested anonymity.

October 20, 2026

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