Retail

Barclay Group Buys Kiley Ranch Marketplace in Nevada for $25.6M, Plans 400,000 SF Retail Power Center

by Amy Works April 11, 2025

SPARKS, NEV. — Barclay Group has purchased Kiley Ranch Marketplace, a 46.7-acre parcel at the southwest corner of Wingfield Hills Road and Pyramid Highway in Sparks for $25.6 million. The buyer plans to develop a 400,000-square-foot retail power center on the site. The development will be the first new retail power center in Sparks since 2005. Shawn Smith and Sean Retzloff of Kidder Mathews represented the buyer and seller, KM2 Development, in the transaction. Additionally, the team will handle leasing for the project.

April 11, 2025

Acquisitions Colorado Industrial Retail Western

Malman Real Estate Brokers Sale of 5,200 SF Flex Property in Leadville, Colorado

by Amy Works April 11, 2025

LEADVILLE, COLO. — Malman Real Estate has arranged the purchase of a 5,200-square-foot flex retail and industrial building located at 331 Highway 24 in Leadville. 331HIGHWAY24 LLC, a Wyoming limited liability company, acquired the asset from NAK Property 4 LLC, a Colorado limited liability company, for $1 million. Taylor Roy of Malman Real Estate represented the buyer, while Kory Pryor of 23 Realty Advisors represented the seller in the deal.

April 11, 2025

Development Leasing Activity Maryland Restaurant Retail Southeast

Greenberg Gibbons Opens 15,000 SF Retail Building at Reisterstown Shopping Center in Maryland

by John Nelson April 11, 2025

REISTERSTOWN, MD. — Greenberg Gibbons has opened a new retail building totaling 15,000 square feet at Reisterstown Shopping Center, a 167,212-square-foot shopping center located in the Baltimore suburb of Reisterstown. The retail building includes an 11,076-square-foot renovated Advance Auto Parts, which is now open. Two additional tenants at the building — Jersey Mike’s Subs and Quickway Japanese Hibachi — will open this fall. Existing tenants at Reisterstown Shopping Center include Lidl, Big Lots, Walgreens, Planet Fitness, Starbucks Coffee, Chick-fil-A, Bank of America, Wells Fargo and Dollar Tree. Since acquiring the property, Greenberg Gibbons has invested $30 million in upgrades and renovations.

April 11, 2025

Leasing Activity Midwest Ohio Retail

FNRP Adds Three New Tenants at Carriage Place Shopping Center in Columbus, Ohio

by Kristin Harlow April 11, 2025

COLUMBUS, OHIO — First National Realty Partners (FNRP) has added three new tenants — Fun City Trampoline Park, Pet Supplies Plus and Port of Peri Peri — at Carriage Place shopping center in Columbus. The additions bring the shopping center to 99 percent occupancy. Fun City is open and occupies 35,540 square feet in the space formerly home to Cinemark theater, which closed in 2023. Pet Supplies Plus, set to open in early 2026, will occupy 7,913 square feet. Port of Peri Peri, expected to open in late 2025, will introduce Portuguese African cuisine at its 2,400-square-foot space.

April 11, 2025

Acquisitions Retail Texas

STRIVE Arranges Sale of 34,074 SF Shopping Center in Garland, Texas

by Taylor Williams April 10, 2025

GARLAND, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of the 34,704-square-foot LBJ East Shopping Center in Garland, a northeastern suburb of Dallas. According to LoopNet Inc., the center was built on 4.7 acres in 1984. Tenants include Farmers Insurance, Northwest Street Tacos and Towngate Dental, per LoopNet. Jack Hicks and Hudson Lambert of STRIVE represented the seller and procured the Texas-based buyer, both of which requested anonymity, in the transaction.

April 10, 2025

Development Retail Texas

Takoro Sports to Open 20,000 SF Baseball-Themed Entertainment Venue in Pflugerville, Texas

by Taylor Williams April 10, 2025

PFLUGERVILLE, TEXAS — Takoro Sports, a Taiwanese entertainment concept centered on baseball, will open a 20,000-square-foot venue in the northern Austin suburb of Pflugerville. The facility will be constructed via ground lease within Stone Hill Town Center and will feature high-tech batting and pitching cages, various simulators, arcade games and food-and-beverage options. NewQuest owns Stone Hill Town Center. A tentative opening date was not disclosed.

April 10, 2025

Acquisitions Florida Retail Southeast

Marcus & Millichap Arranges $8.2M Sale of Retail Center in Panama City, Florida

by John Nelson April 10, 2025

PANAMA CITY, FLA. — Marcus & Millichap has arranged the $8.2 million sale of Shops at Bay City Point, a 21,540-square-foot retail center located in Panama City. Zach Taylor, Robby Pfeiffer and Eric Abbott of Marcus & Millichap’s Atlanta office represented the seller, a Rome, Ga.-based developer. Brian Munn, also based in the Atlanta office, procured the buyer, a Georgia-based private investor. Ryan Nee is Marcus & Millichap’s broker of record in Florida. Built in 2023, Shops at Bay City Point is part of the larger 24-acre Bay City Point retail development. Tenants at the property — which was fully leased at the time of sale — include Xfinity, The Vitamin Shoppe, Smile Doctors Orthodontists and Chicken Salad Chick. The retail center is situated across from the former Panama City Mall, a 600,000-square-foot site currently undergoing a mixed-use redevelopment.

April 10, 2025

Acquisitions California Hospitality Restaurant Retail Western

Curtis Holdings Sells Tallman Hotel, Blue Wing Saloon in Lake County, California

by Amy Works April 10, 2025

UPPER LAKE, CALIF. — Curtis Holdings has completed the disposition of Tallman Hotel and Blue Wing Saloon, located at 9550 Main St. and 9520 Main St., respectively, in Upper Lake. Amar and Rajvi Alapati acquired the assets for an undisclosed price. The buyers will add the properties to its Serenity Hotels Collection. Alex Lee-Bull and Lauren Liebes of CBRE represented the seller. The Tallman Hotel offers 17 rooms across nine buildings. Originally built in 1896, the hotel was renovated between 2002 and 2005 and reopened in 2006 with modern amenities, including an outdoor swimming pool, gardens and a meeting room. Select rooms offer outdoor showers and Japanese Ofuro soaking tubs.

April 10, 2025

Leasing Activity Michigan Midwest Retail

Evexia Wellness Signs 3,603 SF Retail Lease in Oakland Township, Michigan

by Kristin Harlow April 10, 2025

OAKLAND TOWNSHIP, MICH. — Evexia Wellness has signed a 10-year, 3,603-square-foot retail lease at 4986 N. Adams Road in Oakland Township. The property is known as Country Creek Commons shopping center. Eric Banks and Jim Mitchell of Dominion Real Estate Advisors LLC represented the undisclosed landlord. Mike Murphy and Owen Kelly of Gerdom Realty & Investment represented the tenant, which is a full-service medical wellness spa owned by Ida Pesce.

April 10, 2025

Leasing Activity Northeast Retail Rhode Island

Urban Air Adventure Park Opens Entertainment Venue in Warwick, Rhode Island

by Taylor Williams April 10, 2025

WARWICK, R.I. — Urban Air Adventure Park, an entertainment concept centered on trampolines, has opened a new entertainment venue in Warwick, just south of Providence. The space is located within Cowesett Corners Shopping Center, a grocery-anchored power center, and features climbing walls, obstacle courses and bumper cars. The square footage of the space was not disclosed.

April 10, 2025

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