HOUSTON — Polygon Physical Therapy has signed a 2,087-square-foot retail lease in West Houston. The space at 12303 Westheimer Road is located within Shadowbriar Shopping Center and represents the provider’s fifth location in the Houston area. Ashley Casterlin of Davis Commercial represented the tenant in the lease negotiations. The name and representative of the landlord were not disclosed.
Retail
ANAHEIM, CALIF. — Tourmaline Capital has acquired Anaheim Hills Shopping Village, a retail center at 6300 E. Santa Ana Canyon Road in Anaheim. A private family partnership sold the asset for $16.7 million. Originally developed in 1984, Anaheim Hills Shopping Village offers 67,528 square feet of retail space. At the time of sale, the property was 95 percent occupied with Big Lots as the anchor tenant. Daniel Tyner, Gleb Lvovich and Geoff Tranchina in JLL Capital Markets’ investment sales advisory team represented the seller and buyer in the transaction.
SAN RAMON, CALIF. — PSRS has arranged $3.7 million in permanent financing for Pointe West Plaza, a retail property in San Ramon, east of the Bay Area. The firm previously arranged bridge acquisition financing for the property. Pointe West Plaza is a 16,921-square-foot building with a mix of tenants including a billiards venue, salon, bistro and Chinese restaurant. The property also features underground and surface parking, totaling 82 spaces. Jonny Soleimani and Matthew Farzinpour of PSRS secured the five-year loan with a 25-year amortization schedule through a correspondent life insurance company.
FREEPORT, MAINE — Boston-based retail owner-operator Wilder Cos. has acquired Freeport Village Station, a 122,121-square-foot shopping center located near Portland, Maine. The center is situated across from L.L. Bean’s flagship campus, and the outdoor equipment and apparel retailer’s outlet store anchors the 3.6-acre property. Other tenants include Brooks Brothers, Old Navy, Coach, Famous Footwear, Lindt, Oakley, OshKosh B’gosh and Carter’s, Sunglasses Hut, Talbots, Sketchers and Francesca’s. The seller and sales price were not disclosed.
BALDWINSVILLE, N.Y. — The Boulder Group has arranged the $4.3 million sale of a 13,625-square-foot retail property in Baldwinsville, located just outside Syracuse, that is net leased to Caliber Collision. The building sits on a 3.8-acre site, and the tenant operates under a 15-year, corporate-guaranteed lease. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the buyer, a Midwest-based investor that acquired the asset via a 1031 exchange, in the transaction. The seller was a Southeast-based developer. Both parties requested anonymity.
SOUTH FAYETTE, PA. — Bass Pro Shops will open a 100,000-square-foot store in South Fayette, a southwestern suburb of Pittsburgh. The outdoor apparel and equipment retailer will operate the two-level store under its “Outdoor World” brand, which features experiential offerings like a gift and nature center. The store, which will be the company’s third in Pennsylvania, is expected to open in 2026 and employ about 130 people.
NORTHBROOK, ILL. — Mosaic Construction LLC has completed a K-12 STEM learning facility for Noggin Builders at 4165 Dundee Road in the Chicago suburb of Northbrook. The 3,750-square-foot project consisted of the renovation of three existing vacant spaces that were combined into one large space for Noggin, which relocated from a smaller location in Northbrook. The new location is aimed at reinforcing the importance of STEM studies outside the traditional school setting. STEM stands for science, technology, engineering and mathematics. Established in 2013, Noggin provides afterschool and summertime learning programs. The new facility includes four classrooms, an accordion door for flexible learning spaces, a refrigerator for science experiments and a built-in cage that houses a bearded dragon. A large storage room houses art supplies and tools. MDT provided architectural services.
PEBB, Banyan Ink Seven Retail Leases at Tradition Development in Port St. Lucie, Florida
by John Nelson
PORT ST. LUCIE, FLA. — PEBB Enterprises and Banyan Development have signed seven new retail tenants to join the roster at Shoppes @ the Heart of Tradition, a 71,000-square-foot shopping center within the Tradition master-planned development in Port St. Lucie. The new tenants include Ace of Carts (1,950 square feet); Carmela Coffee (1,800 square feet); Cooper Orthodontist (1,800 square feet); The Joint Chiropractic (1,604 square feet); Papa John’s Pizza (1,602 square feet); Robeks Smoothie (1,340 square feet); and Swift Mediterranean Grill (2,770 square feet). Aldi (19,231 square feet) anchors the shopping center, which has three inline spaces available for lease and three available outparcel sites ranging from one to three acres. PEBB and Banyan expect to complete exterior construction of Shoppes @ the Heart of Tradition this summer, with tenant build-outs commencing after.
POMPANO BEACH, FLA. — Marcus & Millichap has arranged the $30 million sale of Shoppers Haven, a 205,567-square-foot shopping center in the South Florida city of Pompano Beach. Built in 1964 and renovated multiple times between 1999 and 2023, the property will see the addition of a new Publix grocery store, with construction scheduled to begin over the next 30 days. The buyer, Stiles Corp., also plans to implement improvements to storefronts, façades, landscaping, the parking lot and signage. Tenants at the center include Michaels, Bealls, Walgreens, Party City, YouFit, Outback Steakhouse, Comcast, H&R Block, Dunkin’ and Domino’s Pizza. Howard Bregman of Marcus & Millichap represented the seller, Partridge Equity Group, in the transaction.
BRENTWOOD, TENN. — Cincinnati-based Last Mile Investments has acquired The Shops at Mallory, a 26,114-square-foot, unanchored retail center located at 1731 Mallory Lane in Brentwood, about 10 miles south of Nashville. Jim Foley of Foley Real Estate represented the undisclosed seller in the transaction. Jordan Powell of Avison Young represented Last Mile Investments, which now has assets in 16 separate MSAs. The sales price was not disclosed. The Shops at Mallory was leased to service and convenience retailers including Massage Envy, Sola Salon Studios and Genesis Diamonds at the time of sale.