FORT WORTH, TEXAS — Houston-based Whitestone REIT (NYSE: WSR) has acquired 5000 South Hulen, an 86,907-square-foot shopping center in southwest Fort Worth. Built in 2005, the center is adjacent to Hulen Mall and was 96 percent leased at the time of sale to tenants such as Sephora, Old Navy, Barnes & Noble, Potbelly, Sports Clips, Kincaid’s Hamburgers and Jamba Juice. Chris Gerard, Adam Howells and Erin Lazarus of JLL represented the seller, a partnership between Trademark Property Co. and Alto Real Estate Fund, in the transaction.
PLANO, TEXAS — EōS Fitness will open a 45,000-square-foot gym in Plano. The locally based operator will backfill a space previously occupied by LA Fitness at The Plaza at Spring Creek, a 26-acre lifestyle center that is also home to tenants such as Starbucks, Five Guys and Capital One. Segovia Partners represented EōS Fitness in the lease negotiations. Rosebriar Properties represented the undisclosed landlord. The opening is scheduled for 2027.
DEARBORN, MICH. — Milestone Real Estate Co., a residential real estate brokerage firm established in 2011, has expanded into the commercial real estate sector and closed more than 324,500 square feet in transactions throughout Dearborn and the Downriver area. Ali Haidar of Milestone brokered the sale of Fairlane North Shopping Center, a 140,199-square-foot property situated on 11.4 acres at 5901 Mercury Drive in Dearborn. SamKin LLC sold the asset to Mercury Ventures LLC for an undisclosed price.
JAMISON, PA. — CBRE has brokered the $12.2 million sale of a 25,000-square-foot retail building in Jamison, a northern suburb of Philadelphia, that is net leased to convenience store operator Wawa and Tractor Supply. ExchangeRight, a Southern California-based investment firm that specializes in net-lease, 1031 and Delaware Statutory Trust deals, purchased the asset from New Jersey-based ARCTRUST. Matthew Gorman and Michael Shover of CBRE brokered the deal.
POMPANO BEACH, FLA. — Fort Lauderdale-based Stiles and Charlotte, North Carolina-based FCA Partners have completed the redevelopment of Shopper’s Haven, a 200,144-square-foot retail center in Pompano Beach, roughly 36 miles north of Miami. A new Publix Supermarket — which opened June 26 — anchors the center. Dunphy Development provided additional development and construction management services, and Hawkins Construction served as the project’s general contractor. Stiles and FCA acquired the property in 2024. First Horizon Bank provided financing for both the property acquisition and redevelopment Redevelopment of the site included ground-up construction of the new Publix, along with upgrades to the property’s exterior, walkways, landscaping and parking areas. Several additional retailers and restaurants are scheduled to join the property’s tenant roster, which currently includes Walgreens, Outback Steakhouse, Dunkin’ Donuts, Xfinity, Leslie’s Pool Supplies, Michael’s, Bealls, YouFit and Domino’s.
GRAPEVINE, TEXAS — Vidorra will open a 7,879-square-foot Mexican restaurant at 700 W. State Highway 114 in Grapevine, located in the northern-central part of the metroplex. According to LoopNet Inc., the freestanding building was originally built in 1991 and was previously home to Romano’s Macaroni Grill. Emilie Paulson of Weitzman represented the undisclosed landlord in the lease negotiations Michael Walters of Falcon Realty Advisors represented Vidorra, which expects to open in December.
ALICE, TEXAS — California-based brokerage firm Hanley Investment Group has arranged the sale-leaseback of a 2,608-square-foot restaurant building in Alice, about 50 miles east of Corpus Christi, that is net leased to Dairy Queen. The building was originally constructed in 1983 and renovated in 2015. Garrett Wood of Hanley represented the seller, R&L Lozano Leasing (dba F&P Development), in the transaction. David Bynum of Bynum Inc. represented the buyer, a California-based private investor.
SCOTTSDALE, ARIZ. — FalconEye Ventures has purchased Scottsdale Quarter, an open-air mixed-use development in Scottsdale, for an undisclosed price. The asset offers 755,000 square feet of retail, dining and office space. Current tenants include Apple, Restoration Hardware, lululemon, Jenni Kayne, Veronica Beard, Dominick’s Steakhouse and True Food Kitchen. As part of the acquisition, FalconEye plans to implement a $100 million capital improvement program to the property. The program will focus on tenant curation, infrastructure enhancements and experiential retail concepts designed to differentiate the property. Implementation is scheduled to commence in late 2025, with phased execution designed to minimize operational disruption to existing tenants. FalconEye has retained Vestar to be a strategic partner and oversee operations at the property. FalconEye is a real estate investment company founded by tech entrepreneur George Kurtz in 2020.
SEATTLE — JLL Capital Markets has arranged the sale of Admiral Junction, a grocery-anchored retail center in Seattle’s Admiral submarket. Silver Star Ventures acquired the asset for $35.4 million. Located at 2620 California Ave. SW, the 67,992-square-foot property features a 60,876-square-foot Safeway and a 7,116-square-foot retail building. At the time of sale, the property was fully leased with Safeway comprising 82 percent of the asset. Daniel Tyner, Geoff Tranchina, Gleb Lvovich and Zach Koucos of JLL represented the buyer in the transaction. The name of the seller was not released.
TUCSON, ARIZ. — Gantry has secured a $16.7 million permanent loan to refinance Plaza Colonial, an office and retail property in Tucson. Located at 2840-2890 E. Skyline Drive and 6375 N. Campbell Ave., Plaza Colonial offers 83,869 square feet of retail and office space spread across four buildings. Patrick Barkley and Chad Metzger of Gantry represented the borrower, a private real estate investor. An institutional balance sheet lender provided the five-year, fixed-rate loan, which features full-term interest-only payments. Gantry will service the loan.