Tuesday, November 11, 2025
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ArkansasHealthcareRetailSoutheast

Walmart to Shutter All 51 Walmart Health Centers, Virtual Care Service

by John Nelson

BENTONVILLE, ARK. — Walmart has decided to shutter all 51 Walmart Health locations, as well as the Walmart Health Virtual Care service. The Bentonville-based retail giant stated that the business model, which was formally launched in 2019, was not sustainable. The company cited a lack of profitability due to “the challenging reimbursement environment and escalating operating costs.” Walmart Health locations are situated in six different states — Arkansas, Florida, Georgia, Illinois, Missouri and Texas — according to the Walmart Health online directory. The company didn’t offer a timeline for when each clinic would close. Walmart is offering relocation for its Walmart Health associates to nearby Walmart or Sam’s Club stores, as well as severance benefits for eligible associates. The company will continue to operate its nearly 4,600 pharmacies and more than 3,000 vision centers at its retail stores.

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AcquisitionsFloridaRetailSoutheast

SRS Brokers $4.6M Sale of New Strip Retail Center in Clearwater, Florida

by John Nelson

CLEARWATER, FLA. — SRS Real Estate Partners has brokered the $4.6 million sale of a strip retail center located at 2420 Gulf to Bay Blvd. in Clearwater, a suburb of Tampa. Situated within a mile from Clearwater Mall, the 6,750-square-foot property is fully leased to three tenants on long-term leases: Jersey Mike’s Subs, My Eye Dr. and MD Now Urgent Care. An unnamed South Florida-based private investor purchased the property at a 6.2 percent cap rate. Patrick Nutt and William Wamble of SRS represented the seller, an unnamed developer based in Florida, in the transaction.

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Leasing ActivityMarylandRetailSoutheast

Continental Realty Corp. Signs Crunch Fitness to 30,973 SF Retail Lease in Hagerstown, Maryland

by John Nelson

HAGERSTOWN, MD. — Continental Realty Corp. (CRC) has signed Crunch Fitness to a 30,973-square-foot retail lease in Hagerstown, a suburb of Washington, D.C. The fitness concept will backfill a former Bed Bath & Beyond space at Centre at Hagerstown, a nearly 300,000-square-foot regional shopping center located at 17850 Garland Groh Blvd. The lease brings the occupancy rate of the shopping center to 97 percent. Melissa Sweeney of CRC, along with Matt Copeland and Michael Patz of KLNB Retail, represented the landlord in the lease deal. Ryan Wilner of KLNB Retail represented the tenant.

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Leasing ActivityRestaurantRetailTexas

Vila Brazil to Open 7,332 SF Restaurant in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Steakhouse concept Vila Brazil will open a 7,332-square-foot restaurant in the northeastern Dallas suburb of Garland. The site is a freestanding building within the Harbor Point retail center, which is shadow-anchored by Bass Pro Shops, on the shores of Lake Ray Hubbard. Greg Blandford and Jack Thomas of Weitzman represented Vila Brazil in the lease negotiations. David Zoller, also with Weitzman, represented the undisclosed landlord. The opening is slated for late summer.

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Woodbury-Commons-Premium-Outlets
DevelopmentNew YorkNortheastRetail

Simon Underway on Expansion at Woodbury Common Premium Outlets in New York

by Taylor Williams

WOODBURY, N.Y. — Simon Property Group is underway on an expansion project at Woodbury Common Premium Outlets, located about 55 miles north of New York City. The project will add 155,000 square feet of new retail and restaurant space, as well as a 200-room hotel, second parking facility and upgraded amenities. A VIP suite with private dressing rooms, a lounge and a private kitchen is also scheduled to open later this year. Simon will also add a new children’s play area, improved crosswalks and wayfinding, and enhanced landscaping to the property, which is home to some 250 tenants.

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Canyon-Center-Sandy-UT
AcquisitionsRetailUtahWestern

SSG, Hanley Negotiate Sale of 48,537 SF Canyon Center Retail Asset in Sandy, Utah

by Amy Works

SANDY, UTAH — SSG Realty Partners and Hanley Investment Group Real Estate Advisors have arranged the sale of Canyon Center, a shopping center at 2025-2137 9400 South in Sandy, approximately 15 miles south of Salt Lake City. A Michigan-based private investor sold the asset to a Cincinnati-based investor for an undisclosed price. Greg Swedelson and Jon-Eric Greene of SSG Realty Partners, along with Kevin Fryman and Bill Asher of Hanley Investment Group Real Estate Advisors, represented the seller. Richard Webb of Dallas-based Emersons Commercial Real Estate represented the buyer in the deal. Built in 1987 and expanded in 1988, Canyon Center features 48,537 square feet of retail space. At the time of sale, the 6.5-acre property was 96 percent occupied by a variety of tenants, including Wells Fargo, Domino’s Pizza, F45 Training, Club Pilates, Fantastic Sam’s, Palm Beach Tan, Nautical Bowls, Ski ‘N See, Vessel Kitchen, Kibbles & Cuts, Chocolate Covered Wagon, Salt Cycles Bike Shop, Pella Nails, Brightside Chiropractic, Tiger Rock Martial Arts and Rainbow Sakura Massage. The sale also included ground leases for outparcels occupied by Wendy’s and Smith’s Fuel Station.

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DevelopmentFeaturesLeasing ActivityRetailWestern Feature Archive

Cannabis Dispensary Development Requires Specialized Site Selection, Design for Success

by John Nelson

By Virginia Maggiore of RDC Although the roadmap to opening a dispensary presents unique challenges inherent to the cannabis industry, the process shares many parallels with traditional retail projects. From selecting the optimal site, designing the brand and interior and implementing the build-out plan, the similarities are evident. However, a pivotal differentiator lies in the need to assemble a team that has experience with cannabis laws, sites, operations and build-outs. The collective expertise comprised by seasoned architects, designers and general contractors is instrumental in navigating the complexities of the cannabis industry, avoiding unnecessary expenses and delays, while ensuring a successful store opening. Selecting the Optimal Site The first step in the process to opening a dispensary involves choosing the optimal property for the storefront. While some entrepreneurs opt for ground-up construction, the majority leverage existing vacant spaces, repurposing them into cannabis dispensaries. Operators that are refurbishing an existing property for retail will want to select a site that boasts a vanilla shell or blank canvas for the new store to build upon. Choosing properties that already contain many of the costly elements like utilities and bathrooms can greatly minimize construction expenses. This allows operators to save their budget for a …

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DevelopmentFloridaRestaurantRetailSoutheastTop Stories

Burger King to Invest $300M to Remodel 1,100 US Restaurants by 2028

by John Nelson

MIAMI — Burger King plans to invest $300 million to modernize 1,100 U.S. restaurants by 2028, according to parent company Restaurant Brands International Inc. (NYSE: QSR). Each restaurant will be renovated in a new layout, called Sizzle, that emphasizes flexibility as well as the digital, pick-up and drive-thru experiences. In addition to the planned renovations, the investment will also cover cash incentives for top-performing operators. “We are committed to giving our guests the very best experience in all our restaurants and that includes a modern, exciting restaurant image and digital experience that exceeds their expectations,” says Tom Curtis, president of Burger King North America. “We are working in close partnership with our franchisees to transform our restaurant footprint across the country and reclaim our flame as a leader in the QSR [quick-service restaurant] industry.” The newly announced initiative, dubbed Royal Reset 2.0, is a continuation of its existing Royal Reset program announced in 2022 that included a $250 million investment in overhauling the physical real estate, tech and kitchen equipment at thousands of Burger King locations. The first Royal Reset plan was part of a $400 million campaign, called Fuel the Flame, that also included $150 million in digital and …

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DevelopmentHospitalityMixed-UseRestaurantRetailSoutheastVirginia

Bruce Smith Enterprise, Cordish Cos. Selected to Develop $1.4B Gaming and Entertainment District in Petersburg, Virginia

by John Nelson

PETERSBURG, VA. — The City of Petersburg has selected Bruce Smith Enterprise and The Cordish Cos. to co-develop a $1.4 billion gaming and entertainment district at the intersection of Wagner Road and I-95 in Petersburg, roughly 24 miles south of Richmond. The Petersburg City Council unanimously approved the joint venture partnership, which responded to a request for proposal (RFP) issued by the city as the preferred development partner on the mixed-use project. Upon completion, Live! Casino & Hotel Virginia will comprise more than 400,000 square feet of gaming, hotel and dining space, as well as 35,000 square feet of meeting and convention space; a 200-room hotel; 1,600 slot machines; 46 table games; a sportsbook; 3,000-seat entertainment venue; and eight food-and-beverage options. The property will be developed, owned and managed by an entity doing business as Petersburg Community Development Investors LLC. According to the developers, the project will create an expected 7,500 new jobs and generate $2.8 billion in economic stimulus within the first 10 years. Projections also include $504 million in tax revenues, including $240 million to the City of Petersburg; $802 million in economic benefits during construction; and $201 million in annual economic benefits each year after opening.

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DevelopmentKentuckyMixed-UseRetailSoutheast

RD Property Group to Break Ground on 122,000 SF Kroger Marketplace at Newton Springs in Lexington, Kentucky

by John Nelson

LEXINGTON, KY. — RD Property Group is underway on the development of a 34-acre mixed-use development located in Lexington. The City of Lexington recently certified plans for the construction of a 122,000-square-foot Kroger Marketplace at the project, dubbed Newton Springs. Plans for the store include a drive-thru pharmacy, adjoining wine and spirits shop and 476 parking spaces. The development also features a recently opened Everhome Suites hotel, as well as two four-story buildings, a restaurant space and three additional buildings. Tenants at the property include Estepp’s Shell, Jimmy Johns, Hot Head Burritos, The UPS Store, Tire Discounters and Starbucks Coffee.

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