By Taylor Williams Sometimes you just have to keep it real. In the world of mixed-use retail, featuring a blend of shops, restaurants and entertainment venues that is both unique in its totality and true to its surrounding market on individual levels is crucial to placemaking. As a concept, placemaking is somewhat difficult to define on paper but fairly easy to identify in the moment — the undeniable sense that the combination of what you are buying, eating, drinking and experiencing is simply not replicable anywhere else. Placemaking is, ironically, an idea that is very difficult to quantify, yet is intrinsically worth every dollar spent on design, construction and marketing — and then some. A longtime developer of mixed-use properties in Dallas once told this writer that the idea of bringing together a critical mass of residential, office and hospitality uses within one site — threaded and connected by retail, restaurants, green spaces and walkable infrastructure — is only novel to American consumers. Europeans have lived, worked and played that way for decades. And thanks to rolling swaths of land, surging population growth, rapidly evolving public infrastructure and the good-ole pro-business mindset, Texas has positioned itself as a leader in …
Retail
PARAMUS, N.J. — A joint venture partnership between Heidenberg Properties Group, Red Starr Investments, Norse Realty Group and DAG Paramus has purchased Paramus Park South, a 181,150-square-foot shopping center in Northern New Jersey. Anchored by a 100,223-square-foot Stew Leonard’s Supermarket, the center was 67 percent leased at the time of sale. CBRE brokered the sale of the property, the seller of which was not disclosed. Ackman-Ziff Real Estate Group structured the joint venture and arranged acquisition financing for the deal.
CHICAGO — Marcus & Millichap has brokered the sale of 1160 S. Michigan Ave., a two-tenant, ground-floor retail property in Chicago. Located at the base of The Columbian, a 47-story residential tower, the fully leased property is home to Burger Bar Chicago and Elements Massage. The two tenants have been in place for over a decade and recently extended their leases. Mitchell Kiven and Nicholas Kanich of Marcus & Millichap represented the seller, a limited liability company. Kiven and Kanich procured the buyer, Zam Investment LLC, along with colleague Carson Dodge.
COLUMBUS, OHIO — Eight new retailers with a focus on men’s fashion are opening soon at Easton Town Center, which is home to more than 250 fashion, dining and entertainment offerings in Columbus. Now open is Allen Edmonds, a U.S.-based manufacturer of premium men’s footwear and accessories. The Madewell store is now offering Madewell Men’s. Coming soon to the property are first-in-Ohio locations for Faherty, Peter Millar, State & Liberty, Suitsupply and Todd Snyder. Additionally, the first Vuori store in Columbus will debut.
SJC Ventures Unveils Plans for $100M Transformation of Harford Mall Site in Metro Baltimore
by John Nelson
BEL AIR, MD. — SJC Ventures has unveiled plans for a $100 million transformation of the Harford Mall site located in Bel Air, roughly 23 miles north of Baltimore. The redevelopment is a partnership between the Atlanta-based mixed-use development firm and the mall owner, Chattanooga, Tenn.-based CBL Properties. Upon approval by the Bel Air Economic and Community Development Commission, the redevelopment project will feature 48,000 square feet of open-air retail, restaurants and amenities that will replace a former Macy’s store, as well as a 35,000-square-foot grocery store. If approved, the new development will complement SJC’s project on the mall’s former Sears parcel, as well as the multifamily development adjacent to the former Sears. SJC Ventures also plans to incorporate pedestrian walkways for enhanced connectivity, pocket parks and open gathering spaces at the Harford Mall site.
DORAL, FLA. — Codina Partners has obtained a $38.8 million construction loan for the third phase of Downtown Doral’s retail expansion. Ocean Bank provided the loan. Downtown Doral is a 250-acre mixed-use district in South Florida, and the third phase will add nearly 25,000 square feet of retail space along 87th Avenue, with 932 dedicated garage parking spaces for retail visitors. UHealth – University of Miami Health System has leased 11,243 square feet on the north end of the expansion for UHealth Way, which will include comprehensive eye care from the Bascom Palmer Eye Institute and physical therapy services, such as hand therapy and pelvic floor rehabilitation. The south portion of the expansion includes 13,644 square feet of retail space divided into nine customizable units — seven on the ground floor and two on the second floor. The expansion project is scheduled to break ground in the second quarter, with an estimated completion in 2026.
SAN ANTONIO — EōS Fitness will open a 38,602-square-foot gym in northwest San Antonio. The site is located within Bandera Pointe shopping center in the Braun’s Farm neighborhood, and the Dallas-based operator will backfill a space previously occupied by Gold’s Gym. Rise Commercial Partners represented EōS Fitness in the lease negotiations. Global Commercial Real Estate Services represented the landlord, Bridge33 Capital. The opening is set for next year.
AUSTIN, TEXAS — JLL has brokered the sale of San Clemente at Davenport, a 31,832-square-foot retail center located at the corner of Loop 360 and West Lake Drive in northwest Austin. Mexican restaurant Fresa’s anchors the center, and other tenants include Iron Fitness and Greenlake Energy. JLL represented the seller, Texas-based HPI Real Estate Services & Investments, in the transaction. Houston-based Whitestone REIT purchased the center for an undisclosed price.
ORLANDO, FLA. — Tavistock Development Co. has signed five new tenants to join Lake Nona West, a 405,000-square-foot lifestyle shopping center located within Orlando’s master-planned community of Lake Nona. The tenants include Cañonita Mexican Restaurant, Nordstrom Rack, Barnes & Noble, discount retailer HomeSense and Total Wine & More. The new round of lease signings bring the total preleased space at the property to more than 300,000 square feet, which includes a 150,000-square-foot Target anchor store. Situated on 54 acres, Lake Nona West will include wide, shaded walkways, art-lined plazas and community greenspaces. In collaboration with Mercedes-Benz High-Power charging, the center will also offer 20 Level 3 electric vehicle chargers. Tavistock, master developer of Lake Nona, expects to open Lake Nona West in spring 2026.
Marcus & Millichap Arranges $4.5M Sale of Retail Property in Ocala, Florida Leased to Firestone
by John Nelson
OCALA, FLA. — Marcus & Millichap’s Taylor-McMinn Retail Group in Atlanta has arranged the $4.5 million sale of a single-tenant retail property located at 30 Bahia Ave. in Ocala, about 72 miles north of Orlando and 48 miles south of Gainesville, Fla. Built in 2024, the 6,723-square-foot building was occupied by automotive services provider Firestone on a 15-year triple-net lease at the time of sale. Firestone is a subsidiary of Bridgestone Retail Operations LLC with more than 1,700 tire and car care locations nationwide. Don McMinn of Taylor-McMinn Retail Group represented the seller, an undisclosed, Georgia-based development firm, in the transaction. The buyer was not disclosed. Ryan Nee served as Marcus & Millichap’s broker of record in Florida for the deal. “New construction Firestone properties continue to achieve aggressive pricing, fueled by strong credit, limited inventory and growing demand from an expanding pool of 1031 exchange buyers,” says McMinn.