BURLINGTON, N.J. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $31 million in financing of a 358,000-square-foot shopping center in the Southern New Jersey community of Burlington. Walmart Supercenter anchors the center, which was 99 percent leased at the time of the loan closing. Other tenants include Planet Fitness, Ross Dress for Less, Marshalls, Five Below, AutoZone and McDonald’s. Brandon Szwalbenest, Dev Morris and Andrew Stewart of Cronheim arranged the 10-year loan through an undisclosed life insurance company on behalf of the owner, National Realty & Development Corp.
NORTH MIAMI FLA. — Avison Young has arranged the $16 million sale of Sans Souci Plaza, a 47,350-square-foot retail property located at 2104 and 2222 NE 123rd St. in North Miami. This acquisition marks the first time the center has been sold. The property — which is anchored by Zaika Indian Cuisine and Catch Specialty Fish Market — comprises two buildings constructed in 1974 and 1976. Michael Fay, John Crotty, David Duckworth, Brian de la Fé and Philip Shapiro of Avison Young represented the seller, Matthews Real Estate Partners, in the transaction. Mario Borda of BCRE (Borda Commercial Real Estate) represented the Aventura, Fla.-based buyer.
HOUSTON — Willowbrook LLC is underway on the renovation of Commons at Willowbrook, a 441,000-square-foot regional shopping center in northwest Houston. The capital improvement program includes widening the main access point, installing new monument signage and pylons and updating the landscape design. The center sits on 39 acres and is currently 85 percent leased to tenants such as Marshalls, HomeGoods, Ross Dress for Less, Michael’s, Total Wine & More, Ulta Beauty, DSW and Daiso. Willowbrook has tapped Avison Young to lease the property.
BOURBONNAIS, ILL. — Performance Brokerage Services has negotiated the sale of the Phillips Hyundai of Bradley dealership in Bourbonnais, about 55 miles south of Chicago. Phillip Pascarella founded Phillips Auto Group in 1968. The company continues to own and operate Phillips Chevrolet locations in Bourbonnais, Frankfort and Lansing, Ill., and Phillips RV in Bourbonnais. Phillips Hyundai of Bradley opened in 2017. Paul Kechnie, Emily Bourne and Matt Willis of Performance Brokerage Services represented the seller. Patriot Motors was the buyer. Phillips Hyundai of Bradley will be renamed Patriot Hyundai of Bradley and will be relocated to William R Lathan Senior Drive.
LAKE ZURICH, ILL. — The Boulder Group has brokered the $2.8 million sale of a restaurant property net leased to Chipotle in the Chicago suburb of Lake Zurich. The newly constructed building at 442 S. Rand Road features a drive-thru. Chipotle operates under a 15-year lease term with 10 percent rental escalations every five years and four five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder represented the seller, a Chicago-area full-service commercial real estate company. A local individual was the buyer. There are 3,752 Chipotle locations worldwide as of 2025.
OWOSSO, MICH. — Magoo’s Pet Outlet has signed a 6,900-square-foot retail lease at the Riverwood Crossing shopping center in Owosso, about 32 miles northeast of Lansing. Michael Murphy and Tjader Gerdom of Gerdom Realty & Investment represented the tenant, while Harry Lancz of Professional Property Advisors represented the undisclosed landlord. Riverwood Crossing is anchored by Tractor Supply.
The Nashville retail market has firmly established itself as one of the strongest and most dynamic in the United States. From luxury national chains to local entrepreneurial storefronts, retailers are increasingly drawn to the city’s diverse and resilient economy — and for good reason. Over the past decade, Nashville has been one of the fastest-growing cities in the country, with consistent year-over-year population and employment gains. This trajectory has been fueled by a favorable business climate, highlighted by the absence of a state income tax, as well as local policies that encourage corporate investment and relocation. The results are tangible: global and domestic companies alike have planted deep roots in Middle Tennessee. Major players such as AllianceBernstein, Amazon, Nissan, Bridgestone, Asurion and Deloitte have relocated or expanded here, joining long-standing Nashville-based giants like HCA Healthcare and Tractor Supply Co., both of which continue to grow their local footprint. This economic expansion has powered steady demand in the retail real estate sector. In just the past year, a wave of retailers — including Whataburger, In-N-Out Burger and 7-Eleven — have entered the Nashville market, underscoring its appeal to both national and regional brands. These additions further diversify a landscape already shaped …
NASHVILLE, TENN. — JLL Capital Markets has facilitated the $50 million sale of Edgehill Village, a 58,468-square-foot mixed-use property located in Nashville’s Music Row district. Originally built in 1920 and 1934 and renovated in 2016, the property comprises 2.4 acres of retail and office space. Tenants at the property include Van Leeuwen Ice Cream, Barcelona, Consider the Wldflwrs, Warby Parker and Vow’d. Brad Buchanan and Jim Hamilton of JLL’s Investment Sales and Advisory team represented the seller, Charlotte-based Asana Partners, in the transaction. The buyer was not disclosed.
MANASSAS, VA. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, Chick-fil-A, Raising Cane’s and Wawa convenience store. Andrew Fallon and Philip Wellde Jr. of SRS’ Washington, D.C. Capital Markets team represented the seller, an entity doing business as Ganges Manassas LLC, in the transaction. The 1031 exchange buyer was a Northern Virginia-based private investor. SRS has also listed a second site occupied by The Learning Experience in Northern Virginia for $7.6 million.
LUCAS, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a 42-acre retail development site in Lucas, roughly 30 miles northeast of Dallas. The buyer, an affiliate of Dallas-based Malouf Interests, plans to develop a 130,000-square-foot grocery-anchored shopping center, a 25,000-square-foot restaurant village with 15 adjacent pad sites and a community park on the site. Michael Ytem and Tom Grunnah of Younger Partners represented both the buyer and the seller, JCBR Holdings, in the transaction. Construction is slated to begin in the fourth quarter, with completion anticipated for 2026.