Tuesday, July 22, 2025
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Retail

Anatomy
DevelopmentFloridaRetailSoutheast

Anatomy Opens New 15,000 SF Location at Regatta Harbour in Miami

by Julia Sanders

MIAMI — Anatomy has opened a new location at Regatta Harbour, a 9.5-acre mixed-use development underway in Miami. Anatomy is a progressive fitness community that integrates exercise programing with wellness and beauty. The Regatta Harbour location will be Anatomy’s fourth location in South Florida, and Anatomy is Regatta Harbour’s first tenant. Situated at 3385 Pan American Drive, Anatomy encompasses 15,000 square feet of space. Anatomy’s Regatta Harbour site houses “The Sanctuary,” which is the gym’s signature recovery and regeneration component. It also features cardio and strength equipment, group fitness classes, a variety of open-air outdoor workout programing and a Kids Club as an added amenity for families. Accessible by land and sea along Coconut Grove’s historic Dinner Key, Regatta Harbour is slated for a 2022 completion date. Designed by Arquitectonica, the development will feature more than 100,000 square feet of entertainment, retail and restaurants. The first phase of the multi-stage project was completed in 2019 with its marina following a $5.5 million overhaul of the former Grove Key Marina site. Regatta Harbour will preserve and renovate historic airplane hangars utilized in the early 1900’s as the first continental Naval air station and later by Pan Am Airways. Regatta Harbour is …

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AcquisitionsKentuckyRetailSoutheast

Marcus & Millichap Arranges $5.6M Sale of Four-Property Dollar General Portfolio in Kentucky

by Julia Sanders

PAINTSVILLE, DANVILLE, EASTERN AND GIRDLER, KY. — Marcus & Millichap has arranged the $5.6 million sale of a four-property Dollar General portfolio in Kentucky totaling 36,400 square feet. Darpan Patel, Dan Yozwiak and Matthew Johnson of Marcus & Millichap represented the seller, James Myers of Kentucky Lodging and Development, and secured the buyer, Harrimack Holdings Acquisitions LLC, in the transaction. Colby Haugness of Marcus & Millichap assisted in closing the transaction. The four Dollar General stores are located at 1370 Euclid Ave. in Paintsville; 6595 Alum Springs Road in Danville; 5451 N. KY Highway 11 in Girdler; and 39 Kentucky-680 in Eastern.

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AcquisitionsIowaMidwestRestaurantRetail

Boulder Group Brokers $1.2M Sale of Restaurant Property in Des Moines

by Kristin Harlow

DES MOINES, IOWA — The Boulder Group, a net-lease investment brokerage firm, has brokered the sale of a restaurant property occupied by Fazoli’s in Des Moines for $1.2 million. The 3,350-square-foot building is located at 3600 Merle Hay Road. Randy Blankstein and John Feeney of Boulder represented the seller, an undisclosed investment firm based in Texas, in the transaction. A Midwest-based investor was the buyer. Fazoli’s, an American fast-casual restaurant chain, has more than 10 years remaining on its lease.

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Market ReportsRetailTexasTexas Market Reports

RGV Retail Market Displays Creativity, Resourcefulness in Response to Pandemic

by Taylor Williams

By Lupita Gutierrez-Garza, principal, and Christian Gutierrez, senior associate, Southern Commercial Real Estate Group The impacts of COVID-19 on the retail sector in the Rio Grande Valley (RGV) have mirrored those of the rest of the country. However, the way the region responded was different from the way it addressed past crises, such as natural disasters, and even very different from past responses to local problems like peso devaluations and drug cartel activity along the border. The response was multifaceted and included many trial-and-error situations. But through sheer determination and quick thinking by local leadership, regional landlords and tenants managed to mitigate all the uncertainty to not only survive, but to thrive.    What made a difference in the region was the behind-the-scenes build-up of its economic infrastructure that has slowly been chipping away at the inequities the region has endured for years. Infrastructure build-up has been ongoing for over a decade and has come in many forms, including education and medical, industrial and logistics, aerospace technology and wind energy. All of these sectors managed well during the peak of the pandemic and continued to expand at phenomenal paces. Their growth has piqued a lot of outside interest and investment …

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Retail center
DevelopmentFloridaRetailSoutheast

InvenTrust Properties Corp. to Redevelop 93,358 SF Suncrest Village Shopping Center in Orlando

by Julia Sanders

ORLANDO, FLA. — InvenTrust Properties Corp. has unveiled plans to redevelop Suncrest Village, including replacement of the Publix grocery store that anchors the property. The 93,358-square-foot shopping center is located at the corner of University Boulevard and Dean Road at 10021-10115 University Blvd. in Orlando. Construction is slated to take approximately 12 months to complete. InvenTrust’s planned improvements to the center include the replacement of the existing Publix building with a new, larger prototype Publix store to be constructed in the same location.  The small-shop tenant facades at Suncrest Village will receive new paint, lighting, replacement of the mission tile roof, a new sign band on portions of the canopy, improved landscaping and green trellis areas with accent lighting. InvenTrust plans to employ sustainable processes throughout this renovation. For example, LED lighting has been added to the center’s parking lot and, during demolition, reusable materials will be sorted and reclaimed to reduce landfill waste. Suncrest Village is located along the University Boulevard and is 2.8 miles from the University of Central Florida. The center features local, regional and national restaurants, services and retailers, such as Leslie’s Swimming Pool Supplies, Mei’s Kitchen, Fuji Yama Sushi, Subway and University Wine & Spirits. Matt Hagan …

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Noble-Town-Center-Jenkinstown-Pennsylvania
AcquisitionsNortheastPennsylvaniaRetail

IPA Negotiates Sale of 167,689 SF Noble Town Center Near Philadelphia

by Taylor Williams

JENKINTOWN, PA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Noble Town Center, a 167,689-square-foot shopping center in Jenkintown, a northern suburb of Philadelphia. The property was originally constructed in 1958 as a Wanamaker’s department store and was converted into a multi-tenant center in 1999. Anchor tenants include Ross Dress for Less, PetSmart, Bed Bath & Beyond and Walgreens. Brad Nathanson of IPA represented the undisclosed seller and procured the buyer, a joint venture between Paramount Realty Services and Edgewood Properties, in the transaction. Noble Town Center was 64 percent leased at the time of sale following the shuttering of space previously occupied by Stein Mart, which filed for Chapter 11 bankruptcy in August of last year.

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FeaturesRestaurantRetail

Now that the Dust is Settling – The Future of Retail in a Post-Pandemic World

by Jeff Shaw

By Carlos Lopez, Executive Vice President, Hanley Investment Group Real Estate Advisors The fears from the COVID-19 pandemic and the accompanying government-mandated shutdowns and social distancing measures transformed the way Americans, lived, worked, shopped, ate, exercised and watched movies. In many ways, the habits formed during the shutdowns have opened up opportunities to radically change many aspects of life. For the retail industry, the impact of COVID-19 in 2020 was profoundly devastating. For small businesses and restaurants forced to shut down for extended periods of time or quickly modify their business model to accommodate the mandated closures, they were unable to operate and many were forced to close permanently. On the chain retail front, already struggling from the changing consumer preferences and the forces of e-commerce, the lockdowns and mandated closures by governmental agencies was the final nail in the coffin for many. In 2020 alone, an unprecedented number of retailers declared bankruptcy and by November of 2020, nearly 49 chain and national retailers had declared bankruptcy. The amount was greater than retail bankruptcies occurring in 2009 during the financial crisis. Some of the popular retailers and household names of these retailers included: JC Penney, Neiman Marcus, GNC, Brooks Brothers, Sur la …

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Summit at Town Lake
AcquisitionsGeorgiaRetailSoutheast

Continental Realty Corp. Acquires LA Fitness-Anchored Center in Woodstock, Georgia for $11.6M

by Julia Sanders

WOODSTOCK, GA. — Continental Realty Corp., a Baltimore-based real estate investment and management company, has acquired The Summit at Towne Lake, a 59,772-square-foot, 98 percent occupied neighborhood shopping center in Woodstock, anchored by LA Fitness. Located in a suburb approximately 30 miles north of downtown Atlanta, the shopping center was purchased for $11.6 million. Formerly owned by a joint venture between Atlanta-based RCG Ventures LLC and New York City-based DRA Advisors LLC, The Summit at Towne Lake becomes the second retail center and third property owned and managed by CRC in Georgia. Bryan Belk of Franklin Street represented both the buyer and the seller. Continental Realty Fund V L.P., a $210.8 million private equity fund focused on acquiring value-add retail and multifamily properties in the Mid-Atlantic and Southeast regions, aided in purchasing the property. The Summit at Towne Lake represents the eighth retail property and 10th property overall acquired by the fund. Constructed in 2009 and located at 2060 Eagle Drive, The Summit at Towne Lake features tenants including six national and local retailers offering health and fitness, medical, beauty services and a fast-casual dining option. Some of the tenants include Marco’s Pizza, Palm Beach Tan and Family Orthodontics. The …

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AcquisitionsIndustrialMidwestOhioRetail

Neyer Properties Purchases 400,000 SF Commercial Portfolio Across Cincinnati, St. Louis

by Kristin Harlow

CINCINNATI — Neyer Properties has purchased a nearly 400,000-square-foot commercial portfolio occupied by Watson’s in a sale-leaseback transaction. The purchase price was undisclosed. The four-building portfolio consists of three retail assets and one industrial property that are located in the Cincinnati, Florence, Dayton and St. Louis markets. The sale-leaseback will enable Watson’s to free up capital as it looks to expand in additional markets, according to Neyer. The sale marks the first time Watson’s has sold its own real estate. Keith Yearout of Newmark represented Watson’s, which is a pool, spa and furniture retailer based in Cincinnati.

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AcquisitionsMidwestOhioRetail

JLL Brokers Sale of Grocery-Anchored Retail Center in Suburban Cleveland for $10.5M

by Kristin Harlow

STREETSBORO, OHIO — JLL Capital Markets has brokered the sale of Streetsboro Crossing in suburban Cleveland for $10.5 million. Grocer Giant Eagle anchors the 89,436-square-foot retail center. Other tenants at the property, which was nearly 94 percent leased at the time of sale, include Pet Supplies Plus, Palm Beach Tanning, GNC, Great Clips and Sally Beauty. Completed in 1996 and renovated this year, the center is situated on nearly 20 acres. Amy Sands, Clinton Mitchell, Kirstey Lein and Bill Poffenberger of JLL represented the seller, an affiliate of Chicago-based Pine Tree. A private Delaware Statutory Trust investor purchased the asset in an all-cash transaction.

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