Retail

District-Green-Valley-Ranch-Las-Vegas-NV

Vestar Completes $3M Renovation of The District at Green Valley Ranch in Las Vegas

by Amy Works July 14, 2025

LAS VEGAS — Vestar has completed the $3 million renovation of The District at Green Valley Ranch, a 385,000-square-foot mixed-use development in Las Vegas. The renovation project included upgraded signage, refurbished pylons and monuments, enhanced lighting with new fixtures, refreshed paint and improved landscaping, as well as remodeled storefronts, parking areas and entryways. Vestar has also secured a partnership with upscale home goods retailer Pottery Barn, a tenant at the center, to bring higher-quality outdoor furniture to the development’s communal spaces. The District is currently 95 percent leased, with five new tenants recently joining the development, including Urth Caffé, Beverly Hills Rejuvenation Center and Bluemercury, and dining options North Italia and Flower Child. Other tenants at the property include lululemon, Aerie, Warby Parker, Anthropologie, Ben & Jerry’s, Chico’s and Lush. Originally constructed by American Nevada Co. in 2005, The District at Green Valley Ranch has been owned by Vestar since 2015.

July 14, 2025

Acquisitions New Mexico Retail Western

Westwood Financial Sells 51,713 SF Wyoming Mall in Albuquerque, New Mexico

by Amy Works July 11, 2025

ALBUQUERQUE, N.M. — Los Angeles-based Westwood Financial has sold Wyoming Mall, a 51,713-square-foot retail center in Albuquerque. Walmart Supercenter anchors the property, which was 96 percent leased at the time of sale. Other tenants include Raising Cane’s, Starbucks Coffee, Krispy Kreme, Dollar Tree, Great Clips and Chick-fil-A. The Chick-fil-A outparcel at the property was not included in the sale. Curbline Properties Corp. was the buyer.

July 11, 2025

Acquisitions California Retail Western

BH Properties Buys 24,604 SF Multi-Tenant Retail Center in Fairfield, California

by Amy Works July 11, 2025

FAIRFIELD, CALIF. — BH Properties has acquired a dual-building, multi-tenant retail property located at 1370-1380 Holiday Lane in Fairfield for an undisclosed price. The 24,064-square-foot property consists of two buildings situated on a 2.3-acre parcel. At the time of sale, the center was 58 percent vacant. Current tenants include Aspen Dental, Peet’s Coffee & Tea, Togo’s Sandwich Shop and Golden 1 Credit Union.

July 11, 2025

Development Kansas Leasing Activity Midwest Retail

WIRED Nears Completion of 7,000 SF Wellness, Beauty Hub in Prairie Village, Kansas

by Kristin Harlow July 11, 2025

PRAIRIE VILLAGE, KAN. — Women in Real Estate Development (WIRED) is nearing completion of a wellness and beauty destination at the corner of 75th Street and State Line Road in Prairie Village near Overland Park. The 7,000-square-foot property is named “c u r a t e d.” In August 2024, a group of 22 local women investors, led by Sheryl Vickers of Select Sites LLC, acquired the property. They have reimagined the building from 1958 into a commercial space tailored for health, beauty and wellness practitioners looking to reach consumers across Mission Hills, Waldo, Brookside, Leawood, Overland Park and Fairway. The interior space features new paint, flooring and lighting. The project’s suites feature natural light, private entries and modern finishes. The project also included the installation of new energy-efficient windows. Final plans call for a new parking surface and concrete with ADA access and new landscaping. The anchor tenant is The Healing Collective, which occupies eight suites and brings the building’s occupancy to 70 percent.

July 11, 2025

Acquisitions Florida Retail Southeast

Marcus & Millichap Brokers $8.4M Sale of Ocean Village Square Shopping Center in New Smyrna Beach, Florida

by Abby Cox July 11, 2025

NEW SMYRNA BEACH, FLA. — Marcus & Millichap has brokered the $8.4 million sale of Ocean Village Square, a 60,631-square-foot shopping center located at 4154 – 4198 S. Atlantic Ave. in New Smyrna Beach. Built in 1986, the center is anchored by Dollar General and sits on 9 acres. Other tenants at the property include Nautilus Fitness NSB, Touch of Italy and the Atlantic Wellness Center. David Vaughan and Ray Turchi of Marcus & Millichap procured the buyer, a private investor based in Central Florida. The seller was not disclosed.

July 11, 2025

Acquisitions Industrial Retail Texas

Newmark Brokers $7.6M Sale of Retail, Industrial Building in San Juan, Texas

by Taylor Williams July 10, 2025

SAN JUAN, TEXAS — Newmark has brokered the $7.6 million sale of a 54,608-square-foot retail and industrial building in San Juan, located in Hidalgo County in South Texas. The newly renovated building at 801 E. Interstate 2 will house the first store and showroom in the Rio Grande Valley for Bob Mills Furniture, which also purchased the building. Stewart Skloss of Newmark brokered the deal on behalf of Bob Mills Furniture. The seller was not disclosed.

July 10, 2025

Development Maryland Retail Southeast

Greenberg Gibbons Begins $10M Renovation of Hunt Valley Towne Centre Near Baltimore

by John Nelson July 10, 2025

COCKEYSVILLE, MD. — Greenberg Gibbons has begun the $10 million renovation of Hunt Valley Towne Centre, a 925,000-square-foot, open-air mixed-use development located in Cockeysville, roughly 16 miles north of Baltimore. The renovation project will feature a new plaza and improvements to the center’s Regal movie theater. Situated within Hunt Valley’s Main Street corridor, the new plaza will feature a new turf lawn, pergola, seating area and a retractable 14-foot multimedia screen, as well as space for games and seasonal activities. The plaza will also host the center’s “Friday Night Live” summer concert series, movie nights and annual Christmas tree lighting ceremonies. Completion of the plaza is expected for this fall. Upgrades to the Regal movie theater will include refreshed exterior enhancements, updated signage, a fully refurbished lobby, improved concessions with digital displays and self-service ticket kiosks. Additionally, each auditorium will comprise new laser projectors, recliner seating and new flooring. The movie theater will remain open throughout the multiphase renovation process. Following the closure of Hunt Valley Mall in 2000, the property was redeveloped and began operating as Hunt Valley Towne Center in 2003. Tenants at the center include Wegmans, DSW, HomeGoods, Marshalls, California Pizza Kitchen, J.Crew Factory, Onelife Fitness and …

July 10, 2025

Acquisitions North Carolina Retail Southeast

Marcus & Millichap Brokers $2M Sale of Retail Property in Franklin, North Carolina Leased to Aspen Dental

by John Nelson July 10, 2025

FRANKLIN, N.C. — Marcus & Millichap has brokered the nearly $2 million sale of a single-tenant retail property located at 1370 Siler Road in Franklin, a city in western North Carolina near the Georgia border. Built in 2022 and shadow-anchored by Walmart, the property is net-leased to Aspen Dental, which is occupying the store on a 10-year corporate lease. Don McMinn and Andrew Koriwchak of Marcus & Millichap represented the seller in the transaction. Kevin Smith Sr. and Brandon Sherrill of Marcus & Millichap represented the buyer. Both parties are privately based real estate investors that requested anonymity. Donald Gilchrist, Marcus & Millichap’s broker of record in North Carolina, assisted in the sale. “This transaction highlights continued investor confidence in essential healthcare retail, particularly in premier tertiary markets like Franklin,” says McMinn. “Net-leased dental assets with strong corporate backing remain highly sought after, even as broader market dynamics evolve.”

July 10, 2025

Acquisitions California Restaurant Retail Western

CBRE Brokers $1.7M Sale of Starbucks-Occupied Retail Property in San Diego

by Amy Works July 10, 2025

SAN DIEGO — CBRE has arranged the sale of a retail property located at 3352 Adams Ave. in San Diego. Corner Properties sold the asset to 3352 Adams LLC for $1.7 million. The 1,730-square-foot property features a long-term, triple-net lease with Starbucks Coffee. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, while Andrew Slade of CIRE Partners represented the buyer in the deal.

July 10, 2025

Acquisitions Illinois Midwest Retail

Mid-America Brokers Sale of 67,146 SF Retail Center in Oak Brook, Illinois

by Kristin Harlow July 10, 2025

OAK BROOK, ILL. — Mid-America Real Estate Corp. has brokered the sale of The Oaks of Oak Brook, a 67,146-square-foot retail center in the Chicago suburb of Oak Brook. The property was 98 percent leased at the time of sale to tenants such as Athletico, Activate Games, NxStage Kidney Care, Blackberry Market, Erik’s Bike Board & Ski and OrthoLazer. Joe Girardi and Emily Gadomski of Mid-America represented the seller, Newport Capital Partners. The asset sold to a private buyer.

July 10, 2025

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