By Casey Smallwood of SRS Real Estate Partners In today’s fiercely competitive quick-service restaurant (QSR) market, digital transformation and artificial intelligence (AI) are reshaping how brands operate, engage with customers and create value. An industry once defined by speed and consistency is now being reshaped by data, automation and intelligent personalization. Across the country, QSRs are embracing cutting-edge technologies to improve operations, enhance the customer experience and maximize profitability. From mobile ordering apps to AI-powered drive-thru automation and predictive inventory management, these innovations are redefining the QSR business model. To stay competitive and relevant in today’s fast-changing market, franchise operators, developers and commercial real estate investors must understand and adapt to these technology-driven shifts. At the heart of this evolution is digital transformation — the integration of digital technology across all aspects of the business. In the QSR landscape, this includes everything from mobile ordering apps, digital menu boards to contactless payment systems, smart kitchen equipment and sophisticated customer relationship management (CRM) tools. Unlike full-service restaurants that emphasize ambiance and table service, QSRs succeed by offering speed, convenience and consistency. Digital transformation amplifies these core strengths, allowing operators to serve more customers faster and more accurately while also collecting and …
Retail
BAYTOWN, TEXAS — Dallas-based EōS Fitness has leased 40,000 square feet of retail space in Baytown, an eastern suburb of Houston, for a new gym. The space is located within San Jacinto Marketplace, which is a redevelopment of the former San Jacinto Mall. Locally based developer Fidelis Realty Partners owns San Jacinto Marketplace. The opening is slated for 2027.
SILVER SPRING, MD. AND FAIRFAX, VA. — Marcus & Millichap Capital Corp. (MMCC) has arranged a $17 million loan for the refinancing of a nine-property retail portfolio located in the Washington, D.C. suburbs of Silver Spring, Md., and Fairfax, Va. The properties — which total roughly 71,000 square feet — include multi-tenant retail strip centers, single-tenant retail properties and single-tenant restaurants. Jared Cassidy of MMCC’s D.C. office secured the five-year loan through a local bank. The financing carries a 12-month adjustable rate, 25-year amortization schedule and a 55 percent loan-to-value ratio.
POWAY, CALIF. — Capstone Advisors has completed the disposition of Poway Valley Center, a shopping center in Poway, to Badal Satasiya for $11.6 million. Located at 13314-13340 Poway Road, the property offers 24,802 square feet of retail space with 16 tenants, including Little Sprouts Daycare, Wingstop, Poway Irish Pub, Don Pollo Mexican Food and Bongiorno’s Pizzeria. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, while Jimmy Leach and Erik Ransdell of Strands Realty Group represented the buyer in the deal.
AURORA, COLO. — Summit HC Real Estate LLC has acquired a standalone retail building at 390 S. Dayton St. in Aurora from Elianna LLC for $1.2 million, or $542.22 per square foot. The buyer plans to operate its home healthcare business, Summit Home Care, at the 2,250-square-foot building, which features 26 reserved surface parking spaces and prominent signage. Manijeh Saeidi of Brokers Guild Real Estate represented the buyer, while John Propp of John Prop Commercial Group represented the seller in the deal.
NEW YORK CITY — ShopRite will open a 62,000-square-foot grocery store at Evergreen Plaza in the Great Kills neighborhood of Staten Island. The grocer, which is part of the Wakefern Food Corp. family of brands, is backfilling a space previously occupied by SuperFresh at the 100,000-square-foot center. Joseph Lowry of Levin Management Corp. represented the undisclosed landlord in the lease negotiations. The tenant was self-represented. The opening is slated for the fall.
ORLANDO, FLA. — Universal Orlando Resort’s newest theme park, Epic Universe, is officially opening on May 22, marking the first major theme park to open in Central Florida in 26 years, according to CNN. The new park will include five distinct components: Celestial Park, The Wizarding World of Harry Potter’s Ministry of Magic, Super Nintendo World, How to Train Your Dragon – Isle of Berk and Dark Universe. According to multiple media outlets, Epic Universe is estimated to have cost roughly $7.7 billion to build, although Universal Orlando Resort hasn’t commented on the new park’s price tag. At 750 acres, including both guest areas and backstage space for employees, Epic Universe is also reported to be the largest singular theme park in the world. The main hub of Epic Universe will be Celestial Park, which offers guests two rides — a dual-track roller coaster and a carousel — as well as shops, restaurants and bars. From this hub, guests can choose to enter four other portals, with each leading to a different themed land. Dark Universe brings the famous “Universal Pictures Monsters,” including Dracula, the Wolf Man and the Invisible Man, to life, along with its anchor attraction, “Monsters Unchained: …
SCOTTSDALE, ARIZ. — Vestar has signed leases with 10 new tenants at The Promenade Scottsdale, a 1 million-square-foot retail center located in the Phoenix suburb of Scottsdale. Retail and restaurant concepts including Fan Outfitters, J. Crew, Pvolve and Kura Sushi are now open at the center. IKEA, Sugar Sugar, The Wallpaper Co., DXL and Pella Windows are also scheduled to open at the property before the end of the year. Additionally, existing tenant Cox has expanded its space to occupy an additional 3,852 square feet. Vestar manages the center, which is now more than 98 percent leased. FalconEye Ventures owns The Promenade Scottsdale.
MONTEREY, CALIF. — Levin Johnston of Marcus & Millichap has arranged the sale of a two-tenant medical and retail building in Monterey. A private investor purchased the asset from an undisclosed seller as part of a 1031 exchange transaction. Located at 2200 Garden Road, the two-tenant property offers 19,102 square feet of medical and retail space. The asset is fully occupied by BluePearl on a 13-year net lease, and the federal government, which has occupied the building since 2015. Built in 1984 and renovated in 2015 and 2022, the property features two grade-level doors and one dock platform, as well as ample onsite parking. Robert Johnston and Adam Levin of Levin Johnston of Marcus & Millichap, along with Mitchell Zurich of Marcus & Millichap, represented the buyer in the transaction.
CHANDLER, ARIZ. — SRS Real Estate Partners has arranged the $3.3 million sale of a childcare property, located at 3700 W. Ray Road in Chandler. Busy Bees occupies the 10,904-square-foot property, with 15 years remaining on its absolute triple-net lease. Alexander Moore of SRS Capital Markets represented the buyer, a California-based private investor. The seller was a Phoenix-based investment group.