LAND O’ LAKES, FLA. — JLL has arranged the sale of The Hub at Bexley, an open-air retail center located at 16954 Focus Loop in Land O’Lakes, about 20 miles north of Tampa. Jorge Portela, Danny Finkle and Jacob Wise of JLL represented the seller, Center Connect Development, which delivered The Hub at Bexley in 2023. CenterSquare Investment Management purchased the property for an undisclosed price. The 50,000-square-foot retail center, which is designed in a village setting, was fully leased at the time of sale to tenants including BellaBrava, Stillwaters Tavern and TREK Bikes.
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Burnham-Ward Properties Buys Retail Center in Tustin, California, Plans Mixed-Use Redevelopment
by Amy Works
TUSTIN, CALIF. — Burnham-Ward Properties has purchased Enderle Center, a retail center in the Orange County city of Tustin. The company will redevelop the center, rebrand it as Campo on 17th and introduce approximately 60,000 square feet of revitalized commercial space and 100 new for-sale townhome residences. Intracorp will handle the development. Located at East Seventeenth Street and Enderle Center Drive, Campo on 17th will keep retail as the primary use while adding landscaping, water features, fire pit areas and a town green designed for year-round community gatherings. The redevelopment will include new building construction, remodeling of existing structures, upgraded utilities, reconfigured parking, improved circulation and sitewide enhancements. Leasing for retail space is underway for Campo on 17th, with units ranging from 988 square feet to 6,880 square feet. The restaurant Zov’s, a community staple since 1987, will debut a fully expanded and remodeled 8,200-square-foot space as an anchor tenant within the new project.
NEW YORK CITY — Stout NYC will open a 13,900-square-foot restaurant in Manhattan’s NoMad district. Dos Caminos formerly occupied the multi-level space at 373 Park Avenue S. Henry Rossignol of CBRE represented the tenant in the lease negotiations. Ariel Schuster, Michael Paster and Jenna Kestan of Newmark, along with internal agents Steven Marvin and Jonathan Bock, represented the landlord, a joint venture between Olmstead Properties and Vertex Properties.
Marcus & Millichap Brokers Sale of Restaurant in New Smyrna Beach, Florida Leased to Wendy’s
by Abby Cox
NEW SMYRNA BEACH, FLA. — Marcus & Millichap’s Taylor McMinn Retail Group has brokered the sale of a freestanding restaurant in New Smyrna Beach, about 14 miles south of Daytona Beach. Built in 2022, the building is occupied by Wendy’s, which has 16 years left on a triple-net lease that features 7.5 percent rental increases every five years in the initial term. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group brokered the transaction. The buyer and seller requested anonymity. The sales price was also not released. “We were able to generate multiple offers and ultimately close with an out-of-state, all-cash buyer in under 30 days,” says McMinn. “The combination of a 16-year corporate triple-net lease, scheduled rent increases and a strong Daytona Beach-area location created significant investor demand for the property.”
HONOLULU — ESC Pacific, an international architecture, engineering and environmental consulting firm with operations in Japan, Guam and the United States, has purchased the historic Joseph W. Podmore Building at 202 Merchant St. in Honolulu in an off-market transaction. Constructed in 1902 from Hawaiian blue-gray basalt and listed on the National Register of Historic Places since 1983, the two-story Podmore Building features 4,638 square feet. ECS will occupy the building’s second floor as its U.S. base, while the ground floor will continue its longstanding restaurant use. Matthew McKeever of CBRE Hawaii Capital Markets represented the buyer in the transaction, terms of which were not released.
HONOLULU — GGP has signed leases with four new tenants at Ala Moana Center, a 2.4 million-square-foot open-air center located in Honolulu. Kaikoa Gallery, NARA and POP MART are set to open this month. Kids City Adventure will join previously announced tenants BB Wellness and Molly Tea, which are all scheduled to open in October. Recently opened tenants at the center include Ali‘i Coffee Company, gorjana, Lume Harmony, MINISO and Studs. Crocs will also reopen at the center in September, and Tiffany & Co. will relocate temporarily while its permanent location undergoes renovation. Originally opened in 1959, Ala Moana Center features more than 350 stores and restaurants and is anchored by Bloomingdale’s, Neiman Marcus, Nordstrom, Macy’s and Target.
CenterCal Properties Signs Leases with Five New Tenants at The Village at Meridian Near Boise, Idaho
by Amy Works
MERIDIAN, IDAHO — CenterCal Properties has signed leases with five new tenants at the second phase of The Village at Meridian, an 80,000-square-foot commercial property that is under construction roughly 10 miles west of downtown Boise. The new tenants are gastropub Culinary Dropout (7,000 square feet); fine-dining restaurant The Capital Grille; cookware and housewares retailer Williams Sonoma (5,550 square feet); Pottery Barn; and modern furniture brand 7th Avenue. Other tenants at the property will include Vuori, Alo, Kendra Scott, Tecovas, Gorjana, [solidcore] and Tempur-Pedic, along with Flower Child and Paris Baguette. Phase II, which is already fully leased and will span six buildings, is an expansion of The Village at Meridian, a 1 million-square-foot mixed-use development. Phase II is anticipated for completion in February 2027.
Cheesecake Factory Signs Lease at Collection at Forsyth Mixed-Use Development in Metro Atlanta
by Abby Cox
CUMMING, GA. — The Cheesecake Factory has signed a 6,500-square-foot lease at The Collection at Forsyth, a 565,000-square-foot mixed-use lifestyle center located in Cumming, a north Atlanta suburb in Forsyth County. The new restaurant opened on July 21 and has created more than 200 local jobs, according to the company’s press release. Sherri Wilson of Partners Real Estate represented the landlord, CTO Realty Growth Inc., in the lease negotiations. Other recent tenant additions at The Collection at Forsyth include Sephora, Warby Parky, Berkshire Hathaway HomeServices Georgia Properties, Kimley-Horn, Build-A-Bear Workshop, BODYROK, Rocket Fizz and The Picklr. Another new tenant coming soon is global lifestyle retailer Miniso, which is currently under construction and planning to open in September.
BIG Shopping Centers USA, Red Development Sell Mixed-Use Development in Northern Nevada for $103M
by Amy Works
SPARKS, NEV. — BIG Shopping Centers USA and Red Development have completed the sale of Legends at Sparks Marina, a 41-acre mixed-use development in northern Nevada, to Alturas Capital Partners for $103 million. Kyle Miller and Rob Ippolito of Newmark represented the seller in the deal. Located at 1310 Scheels Drive, Legends at Sparks Marina features 421,479 square feet that was 95.8 percent leased at the time of sale. Current tenants include Galaxy Theatres, Burlington, H&M, Nike, Sephora, Defy, Calendar’s and Yard House, which is currently under construction.
NAI Miami | Fort Lauderdale Arranges Retail Lease Near Miami Marlins Stadium With Biscayne Bay Brewing
by John Nelson
MIAMI — NAI Miami | Fort Lauderdale has arranged a 9,916-square-foot retail lease at 1588 N.W. 7th St., a retail space within a parking garage at LoanDepot Park, home ballpark of the Miami Marlins. The tenant is Biscayne Bay Brewing Co. LLC, one of the leading craft breweries in South Florida and the official craft beer of the Marlins and LoanDepot Park. Claire Holash and Jeremy Larkin of NAI Miami | Fort Lauderdale represented the sublandlord, the Department of Off-Street Parking of the City of Miami, also known as the Miami Parking Authority, in the transaction. The new Biscayne Bay Brewing location is replacing an existing brewery and is expected to open this fall.
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