Retail

IPA Arranges Sale of 37,201 SF Shopping Center in Boynton Beach, Florida

by John Nelson May 16, 2025

BOYNTON BEACH, FLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Cross Creek Center, a 37,201-square-foot shopping center located in the Fort Lauderdale suburb of Boynton Beach. Built in 1988 and renovated in 2014, the center was 97 percent leased at the time of sale to tenants including Stanton Optical, The UPS Store, Smoothie King and Metro by T-Mobile. Drew Kristol and Kirk Olson of IPA represented the seller, Davie, Fla.-based Janoura Realty, and procured the buyer, Cincinnati-based Phillips Edison & Co., in the transaction. The sales price was not disclosed.

May 16, 2025

Acquisitions Colorado Office Retail Western

Platinum CRE Arranges $3.3M Sale of Retail, Office Property in Denver

by Amy Works May 16, 2025

DENVER — Platinum Commercial Real Estate has arranged the sale of 76 N. Broadway, a retail and office property in Denver. The mixed-use property includes two buildings with long-term tenants in place. The main building features 13,000 square feet with The Hornet and Lucky Noodles restaurant on the ground floor and 18 fully leased office suites on the second floor. The properties also offer off-street parking with 21 spaces for the buildings. Paul Cattin of Platinum CRE represented the buyer, 76 N Broadway LLC, while Todd Snyder of Kentwood Commercial represented the seller in the deal.

May 16, 2025

Leasing Activity Retail Texas

EōS Fitness Signs 40,000 SF Retail Lease in Southwest Fort Worth

by Taylor Williams May 16, 2025

FORT WORTH, TEXAS — EōS Fitness has signed a 40,000-square-foot retail lease in southwest Fort Worth. The site is located at the southwestern quadrant of Altamesa Boulevard and Chisholm Trail Parkway, and the Dallas-based gym operator will operate as a co-tenant alongside BJ’s Wholesale Club. The opening is slated for some time in 2027. Segovia Partners represented EōS Fitness in the lease negotiations. The landlord, Texas-based Hunington Properties, was self-represented.

May 16, 2025

Delaware Leasing Activity Northeast Retail

NAI Emory Hill Negotiates 18,790 SF Retail Lease in Wilmington, Delaware

by Taylor Williams May 16, 2025

WILMINGTON, DEL. — NAI Emory Hill has negotiated an 18,790-square-foot retail lease in Wilmington. Lexus of Wilmington has leased the building at 3401 N. Market St., which features six lifts, 18-foot ceilings and three drive-in doors, to house its new automotive repair facility. Rich Dudek of NAI Emory Hill represented the undisclosed landlord in the lease negotiations.

May 16, 2025

Acquisitions Kentucky Mixed-Use Restaurant Retail Southeast Top Stories

Hendricks Commercial Properties Acquires Summit at Fritz Farm Mixed-Use Development in Lexington, Kentucky

by John Nelson May 16, 2025

LEXINGTON, KY. — Hendricks Commercial Properties, a Wisconsin-based development and investment firm, has acquired The Summit at Fritz Farm, a mixed-use development in Lexington that opened in 2017. The development features a collection of more than 60 shops and restaurants that sit below modern offices and The Henry apartments. Some components of the development that were not included in the sale include the Origin Lexington hotel and a 192-unit seniors housing community, Legacy Reserve at Fritz Farm. Hendricks did not disclose the sales price or specific aspects of the acquisition beyond the commercial space. Hendricks acquired the development from a partnership between Swift Creek Real Estate Partners and Centennial Real Estate Management LLC, which has owned The Summit at Fritz Farm since acquiring the original developer, Birmingham, Ala.-based Bayer Properties, in 2022. “We are excited to add Fritz Farm to our portfolio,” says Rob Gerbitz, CEO of Hendricks Commercial Properties. “This acquisition aligns with our strategic vision of investing in high-quality, experiential mixed-use properties that serve as community hubs. We look forward to building upon the strong foundation established at Fritz Farm and continuing to enhance the experience for tenants and guests alike.” Whole Foods Market, Pottery Barn and Arhaus anchor …

May 16, 2025

Leasing Activity Retail Texas

EōS Fitness to Open 42,500 SF Gym in Saginaw, Texas

by Taylor Williams May 15, 2025

SAGINAW, TEXAS — EōS Fitness will open a 42,500-square-foot gym in Saginaw, located north of Fort Worth. The site lies at the entrance to the 115-acre Beltmill mixed-use development at the northeast corner of East Bailey Boswell and Millstone roads. The opening is slated for some time in 2026. Segovia Partners represented EōS Fitness in the lease negotiations. Matthews Real Estate Investment Services represented the landlord, Hunington Properties Inc., a Texas-based, full-service real estate company.

May 15, 2025

California Development Retail Western

Nadel Architects Completes Two Retail Centers in Metro Sacramento

by Amy Works May 15, 2025

ROSEVILLE AND ELK GROVE, CALIF. — Two new retail centers designed by Los Angeles-based Nadel Architects have opened in the metro Sacramento area. The properties are West Roseville Marketplace in Roseville and Laguna Reserve Marketplace in Elk Grove. West Roseville Marketplace totals 74,000 square feet and is anchored by a 55,592-square-foot Safeway store. Additional tenants at the center include McDonald’s, Starbucks Coffee, Bank of America and Mountain Mike’s Pizza. Laguna Reserve Marketplace, which comprises 57,000 square feet, is also anchored by Safeway.

May 15, 2025

Acquisitions Hawaii Retail Western

CBRE Brokers Sale of 79,000 SF Pacific Shopping Mall in West Oahu, Hawaii

by Amy Works May 15, 2025

NANAKULI, HAWAII — CBRE has arranged the acquisition of Pacific Shopping Mall, a fee simple, grocery-anchored shopping center in Nanakuli in West Oahu. The property traded for an undisclosed amount in an off-market transaction. Located at 87-2070 Farrington Highway, Pacific Shopping Mall offers 79,000 square feet of retail space that was 90 percent occupied at the time of sale. Current tenants include Foodland’s Sack N Save, McDonald’s, O’Reilly Auto Parts, Here Fuel and Subway. Nicholas Paulin and AJ Cordero of CBRE represented the private buyer in the acquisition.

May 15, 2025

Leasing Activity New York Northeast Retail

Kids Empire to Open 21,000 SF Indoor Playground in Commack, New York

by Taylor Williams May 15, 2025

COMMACK, N.Y. — Kids Empire will open a 21,000-square-foot indoor playground in the Long Island community of Commack. The facility will be located within a portion of a former grocery space at the 222,000-square-foot Mayfair Shopping and will be the brand’s first location on Long Island. Center E.J. Moawad of Levin Management Corp. represented the landlord in the lease negotiations. Melissa Naeder of Cushman & Wakefield represented Kids Empire.

May 15, 2025

Loans Louisiana Mixed-Use Office Restaurant Retail Southeast

Trademark, TriGate Capital Recapitalize Perkins Rowe Mixed-Use Village in Baton Rouge

by John Nelson May 15, 2025

BATON ROUGE, LA. — Trademark Property Co. has recapitalized Perkins Rowe, a 518,830-square-foot mixed-use town center in Baton Rouge, with Dallas-based real estate investment manager TriGate Capital LLC. Terms of the recapitalization structure were not released. The property comprises 384,171 square feet of retail space and 134,659 square feet of Class A office space. Trademark and TriGate plan to refresh and revitalize Perkins Rowe with improvements to the public spaces, updated signage, modernized office common areas, fresh paint, landscaping and other placemaking enhancements. Trademark, which has operated Perkins Rowe since 2016, has recently attracted tenants such as Free People, Drago’s, Tacos del Cartel and Tecovas to the development, as well as extended leases with anchor tenants including The Fresh Market and Cinemark Theatres.

May 15, 2025

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