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AcquisitionsColoradoRetailWestern

ALTO Real Estate Funds Sells Quebec Square Power Center in Denver for $56.7M

by Amy Works

DENVER — ALTO Real Estate Funds has completed the disposition of Quebec Square, a retail power center in east Denver. Big Ben Private Real Estate I LP, with Capital Asset Management serving as the fund manager, purchased the property for $56.7 million. Built in 2002-2003 on 22.1 acres, Quebec Square features 207,611 square feet of retail space at 7506 E. 36th Ave. Tenants at the property include Ross Dress for Less, Office Depot, PetSmart, Big 5 Sporting Goods and Five Below. The center is shadow anchored by Walmart, The Home Depot and Sam’s Club. Jason Schmidt and Austin Snedden of JLL Capital Markets’ Investment Sales and Advisory team represented the seller in the deal.

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AcquisitionsCaliforniaRetailWestern

CenterCal, DRA Advisors Acquire 300,000 SF Fig Garden Village Lifestyle Center in Fresno

by Amy Works

FRESNO, CALIF. — A partnership between CenterCal Properties and DRA Advisors has acquired Fig Garden Village, a 300,000-square-foot lifestyle center located in Fresno. Originally developed in 1956 as part of the historic Fig Garden residential area, the center serves as a retail anchor for the broader Central California market. Tenants at the property include Pottery Barn, Williams-Sonoma, Banana Republic, lululemon, Whole Foods Market, Anthropologie, Madewell and Paper Source. The center was previously owned by Brookfield Properties.

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AcquisitionsFloridaRetailSoutheast

Plaza Advisors Brokers Sale of Publix-Anchored Shopping Center in West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Plaza Advisors has brokered the sale of Paradise Place, a 72,961-square-foot shopping center located on an 8.5-acre site in West Palm Beach. Built in 2003, the center was 98 percent leased at the time of sale to tenants including Publix, Sage Dental, Dunkin’ and Goodwill. Jim Michalak and Jeff Berkezchuk of Plaza Advisors represented the seller, Collett Capital, in the transaction. Forge Capital Partners purchased Paradise Place for an undisclosed price.

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Sun-Garden-Retail-Center-San-Jose-CA
CaliforniaLoansRetailWestern

Slatt Capital Arranges $19.7M Refinancing for Sun Garden Retail Center in San Jose, California

by Amy Works

SAN JOSE, CALIF. — Slatt Capital has arranged a $19.7 million loan for the refinancing of Sun Garden Retail Center, a 107,899-square-foot retail property located in San Jose. Slatt Capital secured the fixed-rate, 12-year loan through a life insurance company on behalf of the borrower. Walmart anchors Sun Garden Retail Center, which occupies the former site of the Sun Garden Packing Co., a legacy cannery connected to San Jose’s agricultural roots. Other tenants at the property include Big 5 Sporting Goods, Chipotle Mexican Grill, Starbucks Coffee, Chevron and Jack in the Box.

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ArizonaLeasing ActivityRestaurantRetailWestern

Red Development, Globe Corp. Welcome Three New Retail Tenants to Goodyear Civic Square in Arizona

by Amy Works

GOODYEAR, ARIZ. — A partnership between Red Development and Globe Corp. has signed three new retail tenants to Goodyear Civic Square (GSQ), its 150-acre mixed-use development located in the Phoenix suburb of Goodyear. Trader Joe’s will open a 13,500-square-foot store — the first in Goodyear — while Black Rock Coffee Bar will open a 1,460-square-foot drive-thru coffee shop. Additionally, Firebirds Wood Fired Grill will open a 5,658-square-foot standalone building that also houses a 700-square-foot outdoor patio. All new tenants are scheduled to open in 2026. The first phase of GSQ features a newly constructed city hall and library, 2-acre park, two parking garages, as well as office space. An outpatient medical building is currently under construction and a 132-room hotel is also planned for the development. Other tenants already open at the property include Bacchus Wine & Debauchery, BJ’s Restaurant & Brewhouse, Cheddar’s Scratch Kitchen, Copper & Sage, F45 Training, Harkins Theatres and Miyu Nails and Spa.

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AcquisitionsIowaMidwestMissouriRetail

Hanley Investment Group Brokers Seven Retail Property Sales Totaling $18.4M

by Kristin Harlow

CORONA DEL MAR, CALIF. — Corona Del Mar-based Hanley Investment Group Real Estate Advisors has brokered the sales of seven net-leased retail properties totaling $18.4 million on behalf of a Minnesota-based 1031 exchange buyer. Jeff Lefko and Bill Asher of Hanley Investment Group represented the buyer in the transactions, which included a mix of newly constructed single-tenant and multi-tenant assets. Midwest transaction highlights include a 4,616-square-foot property occupied by Total Access Urgent Care in Oakville, Mo., and a 7 Brew ground lease in Des Moines, Iowa. Hanley Investment Group represented the buyer and sellers in association with John Shuff of Pace Properties and ParaSell Inc. for the Missouri and Iowa properties, respectively.  

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DevelopmentGeorgiaMixed-UseRetailSoutheastTop Stories

Live Nation to Lease 5,300-Seat Music Venue at $5B Centennial Yards Project in Downtown Atlanta

by Kristin Harlow

ATLANTA — Centennial Yards Co. has executed a long-term lease with event promoter Live Nation to operate a new live music and entertainment venue in downtown Atlanta. The 5,300-seat venue will anchor the under-construction sports and entertainment district within Centennial Yards, a $5 billion mixed-use project set to transform a long-underutilized section of the city into a walkable destination. The Live Nation theater will showcase a range of performances across genres, from global touring acts to national headliners and local artists. The facility will complement the city’s existing entertainment landscape, including Tabernacle concert hall, Fox Theatre and Buckhead Theatre as well as Mercedes-Benz Stadium (home of the NFL’s Atlanta Falcons and MLS’ Atlanta United) and State Farm Arena (home of the NBA’s Atlanta Hawks). “Centennial Yards is poised to be the epicenter of sports and entertainment for the southeastern United States, where people of all ages can enjoy concerts, sporting events, bars, restaurants and retail stores — all in one vibrant mixed-use district,” says Brian McGowan, president of Centennial Yards Co. “Partnering with Live Nation brings us one step closer to creating a thriving hub where unforgettable experiences happen. This new Centennial Yards entertainment venue is exactly what our region …

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Leasing ActivityRestaurantRetailTexas

Chicken N Pickle Opens 42,000 SF Entertainment Venue in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — Chicken N Pickle, a Kansas City-based concept that combines dining with pickleball and other outdoor games, has opened a 42,000-square-foot restaurant and entertainment venue in the northeastern Dallas suburb of Allen. The venue is located at The Farm, a 135-acre mixed-use development by JaRyCo, and features dining areas on two levels, a sports bar, six indoor and two covered outdoor pickleball courts, beer gardens and other outdoor game spaces. Construction began in February 2024.

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DevelopmentMontanaRetailWestern

Kraus-Anderson Starts Construction on 400 Horses Casino in Polson, Montana

by Amy Works

POLSON, MONT. — Kraus-Anderson has begun construction on 400 Horses Casino, formerly West Polson Casino, a new gaming facility in Polson. The casino will be built on tribal land by S&K Gaming (Salish & Kootenai). Designed by LSE Architects, the project will feature a 34,227-square-foot, family-friendly casino with 300 gaming machines and space for future expansions. Additionally, the casino will include a restaurant and 400 parking spaces. Construction is slated for completion this summer.

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DevelopmentMidwestMinnesotaRetail

Kraus-Anderson Completes Redevelopment Project at Galleria Mall in Edina, Minnesota

by Kristin Harlow

EDINA, MINN. — Kraus-Anderson Construction (KA) has completed a redevelopment project at Galleria in Edina, transforming a key section of the mall into a new retail area anchored by an expanded space for lifestyle and home furnishings brand Arhaus. Designed by Cuningham Architects, the two-story, 53,536-square-foot core and shell features a 25,000-square-foot showroom for Arhaus, which is slated to open this fall. The redevelopment also accommodates three additional tenants, including Sweet Paris Crêperie, which is also scheduled to open this fall. The other two retailers will debut in 2026. The scope of work included the full interior demolition of both lower and main levels. KA raised the roof by 10 feet, created a concourse with clerestory windows and installed a glass elevator. In addition to the interior remodel, the project also incorporated exterior and site improvements, including new drive lanes connecting Galleria’s parking areas, a new underground stormwater retention system, upgraded electrical and water services, new concrete and asphalt paving, irrigation and landscaping. Construction began in February 2024. Hines, which manages the Galleria, served as construction manager and owner’s representative on the project.

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