Saturday, April 11, 2026
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Retail

AcquisitionsRetailSoutheastVirginia

Northpond Partners Purchases Shopping Center in Richmond for $17.4M

by John Nelson

RICHMOND, VA. — Northpond Partners has acquired Parkside Marketplace, a 52,948-square-foot retail center in Richmond. The $17.4 million purchase marks the first acquisition for Northpond’s new $200 million investment vehicle, which is focused on retail centers in the Southeast and select Sun Belt markets. Tenants at the center, which was 98 percent leased at the time of sale, include West Marine, Five Guys, AT&T and M&T Bank. Catherine Spangler and Richard Thalhimer of Cushman & Wakefield | Thalhimer represented the seller, Stavins & Axelrod, in the transaction.

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AcquisitionsGeorgiaRetailSoutheast

Cushman & Wakefield Arranges Sale of Publix-Anchored Shopping Center in Covington, Georgia

by John Nelson

COVINGTON, GA. — Cushman & Wakefield has arranged the sale of Shops at Covington Town Center, a new Publix-anchored shopping center located at 12701 Town Center Drive in Covington, about 36 miles east of Atlanta. Margaret Jones, Lane Breedlove, Adam Feinstein, Mark Gilbert and Mitchell Halpern of Cushman & Wakefield represented the owner and developer, a joint venture between The Sembler Co. and Berkeley Development, in the transaction. The duo delivered the center in 2023. The buyer and sales price were not disclosed. Shops at Covington Town Center features a 48,387-square-foot Publix store and 14,400 square feet of inline shop space. The shopping center is part of Covington Town Center, a mixed-use master-planned development that features three hotels, 350 apartments and 267 townhomes.

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AcquisitionsRetailTexas

NewQuest Arranges Sale of 139,538 SF Former Sam’s Club Store in West Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm NewQuest Properties has arranged the sale of a 139,538-square-foot retail building in West Houston. The vacant building, which is part of a larger development anchored by Target, Burlington and Marshalls, sits on 12 acres and was formerly owned and occupied by Sam’s Club. John Nguyen of NewQuest Properties represented the buyer, an entity doing business as SSS Marketplace on Eldridge LLC, in the transaction. James Namken and Kyle Knight of Weitzman represented the seller.

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AcquisitionsRetailTexas

Three Pillars Capital Acquires 16,000 SF Shopping Center in Frisco

by Taylor Williams

FRISCO, TEXAS — Three Pillars Capital has acquired Shops at The Gate, a 16,000-square-foot shopping center located north of Dallas in Frisco. The center was built on two acres in 2021 and consists of two buildings that were both fully occupied at the time of sale. The center is an outparcel to Domain at The Gate, a luxury apartment development fronting John Hickman Parkway. Mike Kennedy and Darrell Betts of Avison Young represented the seller, an undisclosed foreign investment group, in the transaction.

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AcquisitionsArizonaRetailWestern

Mister Car Wash Buys Property in Tucson for New Location

by Amy Works

TUCSON, ARIZ. — Mister Car Wash has purchased a property, located at 5523 E. Grant Road in Tucson, from Nam Nguyen Inc. for $1.2 million. The buyer plans to redevelop the property into a new car wash location, scheduled to open in late 2024. Aaron LaPrise of Cushman & Wakefield | PICOR represented the buyer and seller in the deal.

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Leasing ActivityNew JerseyNortheastRetail

Caliber Collision Signs 11,815 SF Retail Lease in Union, New Jersey

by Taylor Williams

UNION, N.J. ­— Automotive repair company Caliber Collision has signed an 11,815-square-foot retail lease in the Northern New Jersey community of Union. According to LoopNet Inc., the single-tenant property at 2260 Route 22 E was originally built in 2000. Neil Goldstein and John Ostrowski of The Goldstein Group represented the undisclosed landlord in the lease negotiations. Sean Pyle and Justin Korinis of Sabre Real Estates Advisors represented Caliber Collision.

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LoansNew YorkNortheastRetail

BWE Arranges $8M Acquisition Loan for Freedom Plaza Shopping Center in Rome, New York

by Taylor Williams

ROME, N.Y. — BWE, the commercial lending firm formerly known as Bellwether Enterprise Real Estate Capital, has arranged an $8 million acquisition loan for Freedom Plaza, a 197,397-square-foot shopping center located in the upstate New York city of Rome. Current tenants at the property include Grand Union, Dollar Tree, Domino’s and Marshalls, and Hobby Lobby will open in the coming months. Alan Tapie of BWE arranged the financing through an undisclosed life insurance company on behalf of the borrower, metro Atlanta-based owner-operator Octave Holdings & Investments.

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DevelopmentLoansNorth CarolinaRetailSoutheast

BWE Arranges $24.3M Construction Loan for Retail Development in Southern Pines, North Carolina

by John Nelson

SOUTHERN PINES, N.C. — BWE has arranged a $24.3 million construction loan for Phase II of Morganton Park South, a retail development underway in Southern Pines. Situated near the Pinehurst Golf Resort, Phase II is fully preleased and will house the region’s first BJs Wholesale Club. Phase I of Morganton Park South includes tenants such as Target, Dick’s Sporting Goods/Golf Galaxy and HomeGoods. Daniel Rosenberg and Logan Petersmeyer of BWE originated the interest-only loan on behalf of the borrower, Midland Atlantic Properties. The loan was underwritten with a fixed interest rate and an 80 percent loan-to-cost ratio.

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Leasing ActivityNew YorkNortheastRetail

Butterfield Market to Open 10,000 SF Grocery Store in Queens

by Taylor Williams

NEW YORK CITY — Butterfield Market will open a 10,000-square-foot grocery store in Queens. The space is located on the ground floor of RISE LIC, an apartment complex in the borough’s Long Island City area with more than 100 units. Charles Rapuano of Winick Realty Group represented the tenant in the lease negotiations. Thomas Galo, also with Winick Realty Group, represented the landlord, a joint venture between The Davis Cos., SB Development and Hazelton Capital. An opening date has not yet been established.

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Leasing ActivityNew YorkNortheastRetail

Five Below Debuts 9,500 SF Store in The Bronx

by Taylor Williams

NEW YORK CITY — Discount retailer Five Below has debuted a 9,500-square-foot store at Parkchester, a mixed-use development located in the central part of The Bronx. A 170,000-square-foot Macy’s anchors the retail portion of the development, which also features office and residential units. Olshan Properties owns Parkchester and was self-represented in the lease negotiations. JLL represented Five Below.

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