Wednesday, May 14, 2025
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DevelopmentGeorgiaLeasing ActivityRetailSoutheast

Macy’s Debuts 30,000 SF Market by Macy’s Store in Suwanee, Georgia

by John Nelson

SUWANEE, GA. — Macy’s has opened its “off-mall” store concept, Market by Macy’s, in the metro Atlanta area. The 30,000-square-foot store is located within Johns Creek Town Center at 3630 Peachtree Parkway in Suwanee, a northeast suburb of Atlanta in Gwinnett County. The store, the third Markey by Macy’s in the Atlanta area, includes a rotating installation of apparel called “Trend Village,” a Toys ‘R’ Us store-within-a-store and home décor and cosmetics departments. By the end of the year, Macy’s plans to expand Market by Macy’s to eight total locations, including new stores coming to metro St. Louis and Chicago, as well as a couple stores in the Dallas-Fort Worth area.

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AcquisitionsMichiganMidwestRetail

Marcus & Millichap Brokers $2.9M Sale of Retail Center in Livonia, Michigan

by Kristin Harlow

LIVONIA, MICH. — Marcus & Millichap has brokered the $2.9 million sale of Century Plaza in Livonia, just west of Detroit. The 19,584-square-foot retail center is located at 37300 Five Mile Road. Davita Dialysis anchors the fully leased property. Craig Fuller, Erin Patton and Scott Wiles of Marcus & Millichap represented the seller, a REIT. The team also procured the all-cash buyer.

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Leasing ActivityMichiganMidwestRetail

Two New Retailers Join Tenant Lineup at Green Oak Village Place in Brighton, Michigan

by Kristin Harlow

BRIGHTON, MICH. — Spencer’s and European Wax Center have signed leases to open new locations at Green Oak Village Place in Brighton, a western suburb of Detroit. Both retailers are slated to open by this fall. Spencer’s, which sells edgy T-shirts, jewelry and accessories, will occupy 2,528 square feet. The European Wax Center location will span 1,710 square feet. Green Oak Village Place is home to more than 50 retailers and restaurants. REDICO and Lormax Stern developed the 500,000-square-foot property.

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Westfield-Garden-State-Plaza-Paramus
DevelopmentMultifamilyNew JerseyNortheastRetailTop Stories

Unibail-Rodamco-Westfield Plans Redevelopment of 2.1 MSF Regional Mall in Northern New Jersey

by Taylor Williams

PARAMUS, N.J. —  Unibail-Rodamco-Westfield (URW), a shopping center owner-operator based in France, has unveiled plans to redevelop Westfield Garden State Plaza, a 2.1 million-square-foot regional mall in the Northern New Jersey community of Paramus. According to Forbes, Westfield Garden State Plaza remains one of the best-performing regional malls in the country. But about 10 years ago, URW began planning a long-term redevelopment to distinguish the property from and compete with American Dream, Triple Five Group’s entertainment-heavy mega-mall that is located within the Meadowlands sports complex in nearby East Rutherford. To that end, URW executive vice president Geoff Mason says that the redevelopment is about transitioning the mall into a mixed-use destination where living, working and leisure all come together. The first phase of the redevelopment will center on the construction of 550 luxury apartments that will be integrated with the existing shopping and dining establishments via open green space. Phase I will also introduce a “main street’ outdoor district featuring restaurants and everyday convenience- and services-oriented retailers. Ownership also plans to upgrade the existing infrastructure that connects to public transit services. Construction is scheduled to begin in 2024, with the first residential units becoming available for occupancy in 2026. The …

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Hillside-Village-Dallas
Leasing ActivityRetailTexas

Northwood Retail Signs Four New Tenants to Leases at Hillside Village in Dallas

by Taylor Williams

DALLAS — Northwood Retail has signed leases with four new tenants at Hillside Village, the Dallas-based owner’s outdoor shopping and dining plaza in the city’s Lakewood neighborhood. Phoenix-based grocer Sprouts Farmers Market and spa and salon concept Alchemy 43 will open this fall. Sugared + Bronze, which offers hair removal and tanning services, will open this winter, and California-based veterinary clinic Modern Animal will follow in 2023.

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AcquisitionsConnecticutNortheastRetail

O,R&L Commercial Negotiates $18.9M Sale of Retail Center in Branford, Connecticut

by Taylor Williams

BRANFORD, CONN. — Locally based brokerage firm O,R&L Commercial has negotiated the $18.9 million sale of Shoreline Plaza, a 77,037-square-foot retail center in the southern coastal Connecticut city of Branford. Tenants include Coastal Wine & Spirits, Staples, Shoreline Prime Meats & Deli and InShape Fitness. Frank Hird of O,R&L Commercial represented the seller, A&A Properties, in the transaction, and procured the buyer, an entity doing business as Executive Two Hundred LLC.

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IllinoisMidwestRetail

JLL, Poag Shopping Centers Enter Partnership to Acquire, Redevelop Mixed-Use Assets

by Kristin Harlow

CHICAGO — Chicago-based JLL has entered into a strategic partnership with Memphis, Tenn.-based Poag Shopping Centers to acquire and redevelop mixed-use assets. Poag will provide development and redevelopment services for JLL-managed centers across the U.S., while JLL will provide management and operational services to Poag’s 10 open-air lifestyle centers. Poag will partner with JLL on its existing pipeline of redevelopment work and intends to grow this platform as more malls and open-air centers are revamped for today’s changing retail environment. Poag will also work with JLL to answer requests for proposals for large mixed-use developments that integrate retail with a variety of other uses.

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AcquisitionsGeorgiaRestaurantRetailSoutheast

JLL Brokers $18.5M Sale of Ivy Walk Retail Center in Smyrna, Georgia

by John Nelson

SMYRNA, GA. — JLL Capital Markets has brokered the $18.5 million sale of Ivy Walk, a 42,499-square-foot neighborhood retail center located in the north Atlanta suburb of Smyrna. Brad Buchanan, Jim Hamilton and Andrew Kahn of JLL represented the seller, MRE Properties, in the transaction. The buyer was South Coast Commercial LLC. Ivy Walk was built in 2004 and was 91 percent leased at the time of sale to tenants such as Muss & Turner’s, South City Kitchen, First Watch, Natural Body Spa and Children’s Healthcare of Atlanta.

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1770-S-Harbor-Blvd-Anaheim-CA
AcquisitionsCaliforniaNet LeaseRetailWestern

Faris Lee Investments Negotiates $19.5M Acquisition of Anaheim Resort Centre Retail Property Near Disneyland

by Amy Works

ANAHEIM, CALIF. — Faris Lee Investments has arranged the purchase of Anaheim Resort Centre, a retail investment opportunity located within the Disneyland Resort District in Anaheim. An Irvine-based family office acquired the asset from an undisclosed seller for $19.5 million. Located on the corner of Harbor Boulevard and Katella Avenue, Anaheim Resort Centre features 10,000 square feet of retail space that nine tenants fully occupy on a triple-net lease basis. Nick Miller and Shaun Riley of Faris Lee Investments represented the buyer in the transaction.

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AcquisitionsCaliforniaLee & AssociatesNet LeaseRetailWestern

Lee & Associates Brokers $4.8M Sale Union Bank-Occupied Property in Sunnyvale, California

by Amy Works

SUNNYVALE, CALIF. — Lee & Associates has brokered the sale of a retail building located at 1109 E. Arques Ave. in Sunnyvale. The asset traded for $4.8 million. Neil Cowperthwaite and Winston Street of Lee & Associates Oakland represented the undisclosed seller in the deal. Union Bank occupies the 5,600-square-foot freestanding building on a long-term, triple-net lease.

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