Wednesday, November 12, 2025
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13812-Newport-Ave-Tustin-CA
AcquisitionsCaliforniaRetailWestern

World Premier Investments Acquires Newport and Walnut Center Strip Mall in Tustin, California

by Amy Works

TUSTIN, CALIF. — World Premier Investments has purchased Newport and Walnut Center, a retail strip center in the Orange County city of Tustin. A private family trust sold the asset for $6.2 million. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets represented the seller and buyer in the deal. Located at 13812 Newport Ave., Newport and Walnut Center features 9,624 square feet of retail space. The center is fully occupied by eight tenants, including HiroNori Craft Ramen, Crown Beauty, Studio 18 Nail Bar and Moon Lash Beauty.

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Leasing ActivityMidwestMinnesotaRetail

Shear Bliss to Open at Eden Prairie Center in Suburban Twin Cities

by Kristin Harlow

EDEN PRAIRIE, MINN. — Shear Bliss, a family-run hair and beauty salon, will open at Eden Prairie Center in the Twin Cities suburb of Eden Prairie. The salon will fill a former MasterCuts location in suite 2168. Shear Bliss, which maintains an additional location in North Dakota, expects to open its Eden Prairie salon on Friday, April 5. Eden Prairie Center, opened in 1976, features more than 100 shops and restaurants. JLL manages the 1.4 million-square-foot retail property.

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DevelopmentRetailTexas

H-E-B to Open 55,000 SF Joe V’s Smart Shop in East Dallas

by Taylor Williams

DALLAS — H-E-B will open a 55,000-square-foot store at 5204 S. Buckner Blvd. in East Dallas that will be operated under the San Antonio-based grocer’s Joe V’s Smart Shop brand. The opening is slated for spring 2025. The concept, which launched in 2010 in Houston, features a smaller-format space and a curated selection of products, including baked goods, prepared foods, nutritional supplements and hygiene products. Construction is also underway on another Joe V’s store in South Dallas, with an opening scheduled for summer.

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Leasing ActivityRetailTexas

Just Play Sports Signs 17,056 SF Lease Renewal at Houston Recreational Facility

by Taylor Williams

HOUSTON — Just Play Sports, which provides basketball lessons and training, has signed a 17,056-square-foot lease renewal at its recreational facility at 10510 Westview Drive in Houston. Just Play Sports originally opened at the facility in 2018. Jason Whittington of Partners Real Estate represented the tenant in the lease negotiations. Greg Barra of Boyd Commercial represented the landlord, an entity doing business as JL Landco LLC.

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DevelopmentFloridaLeasing ActivityMixed-UseRetailSoutheast

Bowlero Opens 30,000 SF Lucky Strike Bowling Alley at Miami Worldcenter

by John Nelson

MIAMI — Bowlero Corp. has opened Lucky Strike Miami, a 30,000-square-foot entertainment venue within the $6 billion Miami Worldcenter development. The venue is the second new build for Bowlero using the Lucky Strike brand since it was acquired in September. Lucky Strike Miami features 28 bowling lanes, an arcade, craft cocktail bar, food service and a VIP room with six private bowling lanes. The venue is situated adjacent to Kaseya Center, home arena of the NBA’s Miami Heat. Miami Worldcenter Associates is the master developer of the 27-acre district, which comprises 10 city blocks and features three residential towers and the newly opened citizenM hotel, among other uses.

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Leasing ActivityNew YorkNortheastRetail

DXL Big + Tall Signs 10,500 SF Retail Lease in Manhattan’s Chelsea District

by Taylor Williams

NEW YORK CITY — Men’s apparel retailer DXL Big + Tall has signed an eight-year, 10,500-square-foot retail lease at 675 Avenue of the Americas in Manhattan’s Chelsea district. The building was originally constructed in 1901 to house the Adams Dry Goods department store. Joanne Podell and Michael Shalom of Cushman & Wakefield represented DXL Big + Tall, which will relocate from 703 Avenue of the Americas this summer to a space previously occupied by Harmon Face Value, in the lease negotiations. Benjamin Birnbaum and Andrew Taub of Newmark, along with internal agent Jeffrey Gural, represented the landlord, GFP Real Estate.

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AcquisitionsMidwestOhioRetail

SRS Real Estate Partners Brokers $11.9M Sale of Shopping Center in Toledo, Ohio

by Kristin Harlow

TOLEDO, OHIO — SRS Real Estate Partners has brokered the $11.9 million sale of Airport Square, a 187,252-square-foot shopping center located on Airport Highway in Toledo. Situated on approximately 23 acres, the property is 99 percent occupied by tenants such as Urban Air Adventure Park, Discount Fashion Warehouse, American Freight and DaVita Healthcare. Urban Air recently signed a 10-year lease at the center. Jack Cornell, Matthew Mousavi and Patrick Luther of SRS, along with Mac Lehrer of Hoty Enterprises, represented the seller, Oklahoma City-based Frayer Properties. SRS also represented the buyer, a private investor based in Las Vegas. Matt Shane of SF Capital Group procured the debt.

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DevelopmentMidwestMissouriRetail

A.J. Brown Completes Construction of Indoor Padel, Pickleball Facility in Suburban St. Louis

by Kristin Harlow

OLIVETTE, MO. — A.J. Brown Inc. has completed construction of Padel + Pickle, an indoor padel and pickleball facility in the western St. Louis suburb of Olivette. The 42,116-square-foot project marks the largest indoor padel and pickleball facility in the world, according to the construction firm. A.J. Brown converted a former whiskey distillery and manufacturing facility into the championship-level property, which features six European-style padel courts and eight pickleball courts along with a bar, lounge areas, big-screen televisions, locker rooms and a pro shop. Padel + Pickle offers clinic, private lessons, leagues, court rentals, open play and tournaments for all skill levels. The project team included Linea Design Inc. and Fixture Contracting. Padel is a mix between tennis and squash.

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AcquisitionsArizonaLoansRetailWestern

Freedom Financial Arranges $10.6M Acquisition Loan for Northpoint Shopping Center in Mesa, Arizona

by Jeff Shaw

MESA, ARIZ. — Freedom Financial Funds has arranged $10.6 million in financing for the acquisition of Northpoint Shopping Center in Mesa, a suburb east of Phoenix. Built in 1987, the property spans 159,913 square feet. Tenants include Basha’s, Ace Hardware, 360 Community Thrift Store and Karen’s Hallmark. Surrounding retailers include Shell, Taco Bell and McDonalds. Details on the buyer and seller were not disclosed.

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Academy-Sports
Company NewsDevelopmentRetailTexasTop Stories

Academy Sports + Outdoors Plans to Expand by 160 to 180 Stores Over Next Five Years

by Katie Sloan

KATY, TEXAS — Sporting goods retailer Academy Sports + Outdoors has announced plans to open 160 to 180 new stores over the next five years.  Half of the new stores are expected to open in markets where the retailer has an existing footprint. The remaining 80 to 90 stores are planned for new and adjacent markets, with a focus on expanding to smaller and mid-sized markets. The company sees these locations as offering higher opportunities for profit despite lower sales volumes. These openings will increase the Katy-based retailer’s footprint from 282 stores across 18 states to between 442 and 462 nationally. The company will begin this effort by opening 15 to 17 new locations in 2024. The first of these stores recently opened in Knightdale, N.C. Another location is set to open on April 12 in Greenwood, Ind.  The company, which sees 95 percent of its sales fulfilled in brick-and-mortar locations, concurrently announced plans to enhance its omnichannel shopping experience by improving its mobile application and search capabilities, increasing the speed of online check-out, and offering more payment options.  Academy Sports + Outdoors was founded in 1938 and offers a full range of outdoor and sports apparel and footwear; hunting, …

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