CHICAGO — Mid-America Real Estate Corp. has brokered the sale of the Southport Retail Collection, a portfolio of three trophy retail assets located in Chicago’s Southport Corridor. The fully leased, 20,242-square-foot portfolio sold to a private buyer. The assets are leased to Capital One Café, Tuco & Blondie and Indira Salon & Spa. Joe Girardi, Emily Gadomski and Patrick Corrigan of Mid-America represented the undisclosed seller.
SHELBY TOWNSHIP, MICH. — Hungry Habibi has signed a 1,228-square-foot lease to open at The Shops at Nottinghill Village in Shelby Township. The lease marks the fast-casual Mediterranean restaurant’s third location in Michigan. Michael Murphy of Gerdom Realty & Investment represented the landlord, Beztak Properties. Zoran Saveski of Esoteric Realty represented the tenant.
JACKSON, MISS. — Legacy Realty Group Advisors has arranged the sale of Westland Plaza, a 214,281-square-foot shopping center located in Jackson, for $11.8 million. Grocery Depot anchors the property, which is also home to a mix of additional tenants including Planet Fitness, Family Dollar, Hibbett Sports, Rent-A-Center, Rainbow Shops and City Gear. Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the transaction. Beezie Landry and Justin Langlois of Stirling Investment Advisors represented the seller. Both parties requested anonymity.
SAN BERNARDINO, CALIF. — SRS Real Estate Partners has arranged the sale of a single-tenant restaurant property located at 4268 N. Varsity Ave. in San Bernardino. A California-based investor acquired the property from Paragon Commercial Group for $6.8 million, or $1,404 per square foot. Panera Bread occupies the 3,986-square-foot property, which was built in 2024, on a 15-year absolute triple-net lease basis. Patrick Luther and Matthew Mousavi of SRS Capital Markets represented the seller in the deal. SRS’ Nick Wirick is handling leasing for the property. This is the second parcel of a break-up strategy SRS has executed on behalf of Paragon Commercial Group — the first being the sale of a Dutch Bros Coffee property that was sold in July 2025 for $2.8 million. In total, the value of the sold assets is $9.6 million.
CHICAGO — Greenstone Partners has brokered the sale of a retail redevelopment site located at 1419 W. Diversey Parkway in Chicago’s Lincoln Park neighborhood. The existing two-story building totals 11,300 square feet across a 10,700-square-foot land site. Rosebud Restaurants’ headquarters office and commissary kitchen formerly occupied the property. Brewster Hague and Tom Galvin of Greenstone represented the buyer, a Michigan-based real estate development firm.
PANAMA CITY BEACH, FLA. — The St. Joe Co. will develop a new Publix grocery store at Watersound West Bay Center, a lifestyle shopping center under construction in Panama City Beach. The new Publix is expected to comprise 50,000 square feet and will feature a pharmacy, deli and bakery, as well as an adjacent Publix Liquors store. Plans will also include an additional 11,000 square feet of inline retail space. Upon completion, Watersound West Bay Center will serve the neighboring Latitude Margaritaville Watersound community, which will have a total of 3,500 homes in Phase I. The shopping center will total 500,000 square feet of retail, dining and commercial space in an open-air layout. St. Joe Co. is nearing completion on an 18,000-square-foot, standalone retail building within Watersound West Bay Center that will have spaces available for lease in early 2026.
CARROLLTON, GA. AND UNION, S.C. — SRS Real Estate Partners has negotiated the sales of two single-tenant retail properties in Georgia and South Carolina totaling $7.6 million. The properties include a property in Carrollton leased to Parachute Plasma and a drive-thru restaurant in Union occupied by Arby’s. Britt Raymond and Kyle Fant of SRS represented the 1031 exchange buyer, a New York City-based private investor, in the transaction. The seller was not disclosed. The first property, Parachute Plasma, sold for $5.5 million and totals 7,613 square feet of retail and medical office space. Built in 2024, Parachute Plasma operates on a new 20-year triple-net lease. The second property, a 2,364-square-foot Arby’s restaurant, was built in 2021 and was sold for roughly $2.1 million. Arby’s has approximately 16 years remaining on its absolute triple-net lease.
PEARLAND, TEXAS — Partners Development, the development platform of Partners Real Estate, has sold a 21,400-square-foot retail strip center in Pearland, a southern suburb of Houston. Known as Phase II of Broadway Plaza, the two-building center was fully leased at the time of sale. Pet Suppliers Plus is the anchor tenant. Marc Peeler, Joan Collum and Cobo Fajardo of Partners Real Estate internally represented the seller in the transaction. The buyer and sales price were not disclosed.
WOODLAND HILLS, CALIF. — Space Investment Partners has acquired Topanga Gateway, a 123,402-square-foot grocery-anchored retail center located in Woodland Hills for $64 million. Built in 1963 and renovated in 2024, the open-air center was 97 percent leased at the time of sale. Topanga Gateway is home to several tenants including Ralphs, The Container Store, Petco, Chipotle Mexican Grill, Baskin-Robbins, Noah’s NY Bagels and FedEx. Eastdil Secured represented the buyer and the seller, a private investor, in the transaction. The purchase of Topanga Gateway follows Space Investment’s $118.5 million acquisition of Fullerton Metrocenter, a 395,703-square-foot dual-grocery-anchored center located at 1375 Harbor Blvd. in Fullerton.
HOFFMAN ESTATES, ILL. — Inspired by Somerset Development has launched leasing for the West Side of Bell Works Chicagoland in Hoffman Estates. The project’s first phase has reached 98 percent occupancy. The former AT&T campus now features a mix of office, retail, dining, residences and hospitality. The redeveloped West Side will include more than 500,000 square feet of new space, including 430,000 square feet of traditional office space with approximately 35,000 square feet dedicated to 16 fully furnished “Ready-to-Wear” suites. These suites are available for flexible short- and long-term leases ranging from 1,000 to 4,000 square feet. A conference center with five conference rooms will accommodate up to 370 people. There will also be 70,000 square feet of retail space. Completion of the West Side is slated for the third quarter of 2026. The East Side now has only 10,000 square feet of space remaining, including an 1,800-square-foot “Ready-to-Wear” suite and two office spaces. Following recent leases from Arjo, Convergint and WT Group, a combined 785 additional employees are at the campus on a daily basis.
