Retail

New Retail Tenants Open at Ala Moana Center in Honolulu

by Amy Works March 18, 2025

HONOLULU — Ala Moana Center, a 2.4-million-square-foot shopping center located in Honolulu, has announced the expansion of 10 new tenants this year. A mix of restaurant and retail businesses — Amaterasu; Coconut Ave; Baskin Robbins; Eve Ala Moana; fanfancy+; Lovisa; NOHO HOME; Skinceuticals Skin Lab; and ZEGNA — have already opened at the property. Dave & Buster’s, the final tenant to join the roster, is scheduled to open in mid-April. Brookfield Properties of Chicago owns and operates the center. Ala Moana Center is anchored by Bloomingdale’s, Neiman Marcus, Nordstrom, Macy’s and Target and houses more than 350 stores and restaurants, including a selection of local, international and luxury brands.

March 18, 2025

Acquisitions Arizona Retail Western

Marcus & Millichap Brokers $3.2M Sale of U.S. Bank-Occupied Property in Gilbert, Arizona

by Amy Works March 18, 2025

GILBERT, ARIZ. — Marcus & Millichap has arranged the sale of a retail property located at North Higley Road and East Michelle Way in Gilbert. A Colorado-based limited liability company acquired the asset from an Arizona-based limited liability company for $3.2 million. U.S. Bank occupies the property on a 10-year absolute triple-net ground lease. The building was constructed in 2023. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap’s Phoenix office represented the seller, while Brennan Clegg of Marcus & Millichap procured the buyer in the transaction.

March 18, 2025

Acquisitions Iowa Midwest Retail

Hanley Investment Group Arranges $17.5M Sale of Shopping Center in Cedar Rapids, Iowa

by Kristin Harlow March 18, 2025

CEDAR RAPIDS, IOWA — Hanley Investment Group Real Estate Advisors has arranged the $17.5 million sale of Northland Square shopping center in Cedar Rapids. The 106,500-square-foot property is fully occupied by national tenants such as T.J. Maxx, Barnes & Noble, OfficeMax, Old Navy, Famous Footwear and Hallmark. Built in 1994 and renovated in 2000, the center is located on Collins Road Northeast. Jeff Lefko and Bill Asher of Hanley Investment Group, in association with ParaSell Inc., represented the seller, a Midwest-based private partnership. Doug Fielding of Marcus & Millichap represented the buyer, a private investor based in Southern California.

March 18, 2025

Arizona Market Reports Restaurant Retail Western Western Market Reports

Phoenix’s Growing Population Brings New Retail Tenants, Shopping Centers

by John Nelson March 18, 2025

By Nellie Day Metro Phoenix’s population grew to include more than 5 million people in 2023, per the Census, making it the second fastest-growing large U.S. city that year. This increase in residents and employment opportunities naturally brought new, emerging and different retailers to the area, who quickly occupied both existing centers and new developments. Phoenix-headquartered Vestar’s activity paints a picture of how this retail market has grown with its population. In the last quarter of 2024 alone, Vestar broke ground on Verrado Marketplace, a 500,000-square-foot shopping center in Buckeye; ushered in a new wave of tenant openings at Las Tiendas Village in Chandler and Queen Creek Marketplace in Queen Creek; and brought back a seasonal pop-up inside a 50-foot spherical dome at the District at Desert Ridge Marketplace in Phoenix. Balancing Tenant Mix, Community Relevance The key to capitalizing on Metro Phoenix’s growth, the firm says, is focusing on tenant diversification and market positioning. Vestar actively seeks out curated tenant mixes that not only attract foot traffic but align with the demographic and economic profiles of each community. Las Tiendas Village, for example, recently welcomed Marshalls, beauty supply store Happy Beauty, luxury lash spa Revelashons and child-focused hair salon …

March 18, 2025

Acquisitions Industrial Retail Texas

M2G Ventures Buys 740,000 SF Industrial, Retail Property in Northwest Dallas

by Taylor Williams March 17, 2025

DALLAS — Locally based investment firm M2G Ventures has purchased Inwood Design District, a 14-building, 740,000-square-foot industrial and retail property in Dallas that also includes showroom space as part of the retail component. The 38-acre site at 1110 Inwood Road is located northwest of the downtown area in between the Dallas Design District and the West Brookhollow neighborhood. At the time of sale, Inwood Design District was 93 percent leased to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA. M2G Ventures has tapped SHOP Cos. to lease the retail space and Holt Lunsford Commercial to lease the industrial space.

March 17, 2025

Acquisitions Retail Texas

Marcus & Millichap Brokers Sale of 29,400 SF Retail Center in Sugar Land, Texas

by Taylor Williams March 17, 2025

SUGAR LAND, TEXAS — Marcus & Millichap has brokered the sale of a 29,400-square-foot retail center in the southwestern Houston suburb of Sugar Land. Known as Synott Flex Retail Center, the property comprises three buildings that were constructed on a 2.3-acre site in 2024. The center was fully leased to seven tenants at the time of sale. Philip Levy, Allie Munday and Adam Abushagur of Marcus & Millichap represented the seller in the transaction, and Levy and Munday also procured the buyer. Both parties were private investors that requested anonymity.

March 17, 2025

Georgia Leasing Activity Retail Southeast

Wayfair to Open 150,000 SF Store in West Midtown Atlanta

by John Nelson March 17, 2025

ATLANTA — Online retailer Wayfair will open a 150,000-square-foot store within The District at Howell Mill in Atlanta’s West Midtown district. Located at 1801 Howell Mill Road NW, the new Wayfair store will offer a range of furniture, home décor, housewares, appliances and home improvement products. This venue will mark Wayfair’s second large-format location — as well as its second physical retail store overall — following its first store in Wilmette, Ill., that opened in May 2024. JLL Income Property Trust, a division of LaSalle Investment Management, and Atlanta-based Selig Enterprises, own The District at Howell Mill shopping center. Fraser Gough and Benton Green of Retail Planning Corp. led lease negotiations in the transaction.

March 17, 2025

Leasing Activity Northeast Pennsylvania Retail

Club Studio Fitness Signs 50,000 SF Retail Lease in Wynnewood, Pennsylvania

by Taylor Williams March 17, 2025

WYNNEWOOD, PA. — Club Studio Fitness has signed a 50,000-square-foot retail lease in Wynnewood, a northwestern suburb of Philadelphia. The space within Wynnewood Shopping Center formerly housed a Bed Bath & Beyond store, and the new facility will feature a juice bar, cryotherapy recovery services and personal stretch stations. The opening is slated for next spring. Federal Realty Investment Trust owns Wynnewood Shopping Center.

March 17, 2025

Acquisitions New Mexico Retail Western

Faris Lee Investments Brokers $24.8M Sale of Pavilions San Mateo Retail Center in Albuquerque

by Amy Works March 17, 2025

ALBUQUERQUE, N.M. — Faris Lee Investments has brokered the sale of Pavilions San Mateo, a retail center in Albuquerque. The asset traded for $24.8 million. Current tenants include Walmart Neighborhood Market, Old Navy, Dollar Tree and Orange Theory Fitness. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee represented the undisclosed buyer. The name of the seller was not released.

March 17, 2025

California Development Retail Western

Nintendo to Open 11,000 SF Store in San Francisco

by Amy Works March 17, 2025

SAN FRANCISCO — Japanese electronics and video game company Nintendo will open its second store in the United States — and its fifth overall location in the world — in San Francisco in May. Situated in Union Square at 331 Powell Street, Nintendo San Francisco will total 11,000 square feet and offer game systems and games, as well as a shopping experience that will include Nintendo’s characters and worlds. Exclusive products such as accessories, apparel, home goods and souvenirs will be available at the location. The grand opening will be held on Thursday, May 15. Nintendo currently operates one store in New York City and three in Japan.

March 17, 2025

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