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Trademark Welcomes Eight New Tenants to Galleria Mall in Dallas

Taylor Williams — Wed, 08 Apr 2026 14:42:57 +0000

DALLAS — Trademark has welcomed eight new tenants to the 1.4 million-square-foot Galleria Mall in Dallas, which the Fort Worth-based owner-operator is currently redeveloping. The tenants are athleisure brand ALO, women’s apparel provider Aritzia, bridal and custom jewelry Helzberg 1915, Kids Foot Locker, French bakery Patissery and toy retailer Rolife, as well as apparel brands Urban Planet and Watson. All stores are either open or slated to open within the next six months.

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Marcus & Millichap Brokers $2.5M Sale of Chipotle-Occupied Retail Property in Wisconsin

Kristin Harlow — Wed, 08 Apr 2026 13:41:42 +0000

WAUSAU, WIS. — Marcus & Millichap has brokered the $2.5 million sale of a single-tenant retail property net leased to Chipotle in Wausau. The newly constructed building totals 5,000 square feet. The property is secured by a 15-year, corporate-guaranteed net lease and is the only Chipotle within a 95-mile radius, according to Marcus & Millichap. Jeff Rowlett, Blake Hanlon and Mark Peltin of Marcus & Millichap procured the buyer, Niets Investment Co. Michael Hughes of Marcus & Millichap Capital Corp. secured a five-year loan with a fixed interest rate of 5.65 percent and a 25-year amortization period.

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Visintainer Group Brokers Sale of Vintner’s Square Shopping Center in Lodi, California, in Two Transactions

Amy Works — Tue, 07 Apr 2026 13:13:31 +0000

LODI, CALIF. — Visintainer Group has arranged the sales of the multi-tenant retail component of Vintner’s Square Shopping Center in Lodi for a combined $23.2 million in a two-part transaction. The sale was structured in two phases approximately one week apart. Gewekw VIII sold a two-parcel portion, occupied by Panera Bread and F&M Bank, to F&M Bank for $8.3 million. Geweke VIII and Geweke Family Partnership LP sold a larger outparcel portion of the retail center to Lodi Exchange LLC and EP Winter Park LLC for $15 million. Brett Visintainer and John Kourafas of Visintainer Group represented the sellers in the transactions. Anna Winters of Colliers represented F&M Bank and Jeff Lefko of Hanley Investment Group represented Lodi Exchange LLC and EP Winter Park LLC in the acquisitions. The sold portions of Vintner’s Square total approximately 48,356 square feet and were 97 percent occupied at the time of sale.

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Hanley Investment Group Arranges $4.6M Sale of Single-Tenant Retail Property in Metro Los Angeles

Amy Works — Tue, 07 Apr 2026 13:05:04 +0000

POMONA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $4.6 million sale of a newly renovated, single-tenant retail property located in Pomona, roughly 30 miles east of downtown Los Angeles. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, Los Angeles-based LA Icon LLC, while Brad Freeman of Freeman & Associates represented the buyer, a private investor also based in Los Angeles. Starbucks Coffee occupies the 1,650-square-foot space on a 15-year, triple-net corporate lease with 10 percent rental increases every five years during the primary term. Originally constructed in 1977, the single-tenant building was converted from an independent fast food restaurant to Starbucks’ newest prototype.

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NewQuest Breaks Ground on Junior Retail Component at $400M Texas Heritage Marketplace in Metro Houston

John Nelson — Tue, 07 Apr 2026 12:00:00 +0000

KATY, TEXAS — NewQuest, a local commercial real estate development and services firm, has broken ground on the multi-tenant retail component of Texas Heritage Marketplace, a $400 million mixed-use development in Katy, a western suburb of Houston. The project represents the largest cluster of retail space in the history of Waller County, according to NewQuest. “As it stands, Waller and surrounding rural counties have been unserved by major retailers,” says Austin Alvis, president and chief development officer for NewQuest. “Texas Heritage Marketplace will fill in that gap.” Situated in the center of Texas Heritage Marketplace, the retail space that is now under construction is leased to tenants including Academy Sports + Outdoors (51,068 square feet), Burlington (22,147 square feet), Spec’s Fine Wines & Spirits (16,806 square feet) and Ulta Beauty (10,000 square feet). NewQuest plans to deliver the junior retail anchors in first-quarter 2027. The groundbreaking also includes Heritage Grove, a green space component that will span five acres at the center of the development. The park-like common space will be surrounded by the junior retailers and an additional 35,000 square feet of retail space planned for restaurants and service retailers, as well as a 40,000-square-foot EoS Fitness location. NewQuest plans…

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BH Properties Purchases 75,000 SF Shops at Mauna Lani on the Big Island of Hawaii

Amy Works — Mon, 06 Apr 2026 13:51:55 +0000

WAIMAE, HAWAII — BH Properties has acquired The Shops at Mauna Lani, an open-air retail center at the entrance of Mauna Lani resort in Waimae. Terms of the transaction were not released. Tommy Bahama Restaurant & Bar, Island Hopper Taproom, Mauna Lani Coffee Co., Hawaiian Island Creations and Woodland Farms are tenants at the 75,000-square-foot property.

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Mid-Atlantic Retail Market Is Experiencing Methodical Growth

John Nelson — Mon, 30 Mar 2026 11:40:00 +0000

Retail real estate across the Mid-Atlantic is having a moment — but it’s a disciplined one. As fundamentals remain healthy in Virginia, Maryland and Washington, D.C., the region is seeing a notably more selective approach to retail growth. Years of limited new development, zoning constraints and rising construction costs have tightened supply, pushing owners, investors and municipalities to be far more intentional about what gets built — and where. Sources interviewed for this article point to the sustained demand for well-located shopping centers, such as those anchored by strong tenants, daily-needs retailers and dense surrounding populations.“Retail today is about durability,” states Mike Castellitto, chief operating officer of Broad Reach Retail Partners. “Assets that serve essential, repeat-use visitors continue to outperform and attract both tenants and investors.” Shifting consumer preferences in VirginiaFrom Washington, D.C.’s dense suburban corridors to fast-growing secondary markets, Virginia’s retail real estate landscape remains one of the Mid-Atlantic’s steadiest performers. The Commonwealth’s strongest retail fundamentals are often seen in Northern Virginia and select regional hubs like metro Philadelphia, Virginia Beach and Richmond, where household income growth and population density create robust demand. Jim Ashby, senior vice president of the Retail Services Group at Cushman & Wakefield | Thalhimer,…

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Creation Delivers $250M Park Algodon Industrial, Mixed-Use Development in Phoenix

Amy Works — Thu, 26 Mar 2026 14:09:26 +0000

PHOENIX — Creation, a Phoenix-based developer, has completed construction for Park Algodon, an industrial and mixed-use development at the northwest corner of Loop 101 and Indian School Road in Phoenix. Spanning 86 acres, Park Algodon includes 1.3 million square feet of Class A industrial space and an adjacent 7-acre mixed-use destination with retail and restaurant space. The first phase of the industrial portion of Park Algodon was developed in partnership with Clarion Partners. The two-phase speculative industrial project includes four buildings, totaling 725,000 square feet, designed to accommodate tenants ranging from 30,000 square feet to 317,000 square feet. The industrial buildings offers 32-foot to 40-foot minimum clear heights, ample power and abundant employee parking. The second phase is permit-approved for a single 556,000-square-foot building. Separate from the joint venture, Creation developed The Shops at Park Algodon, a 14,000-square-foot restaurant and retail space. Buildings A and B will be delivered to tenants within the next 30 days. Confirmed tenants include Einstein Bros. Bagels, Chipotle, Luna Grill and Zara Nail Bar. LGE Design Build provided architectural and construction services for the project. Andy Markham and Phil Haenel of Cushman & Wakefield are handling leasing for the industrial component, while Matt Milinovich and James…

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Bucksbaum Properties Buys One El Paseo Plaza Mixed-Use Complex in Palm Desert, California

Amy Works — Thu, 26 Mar 2026 14:04:43 +0000

PALM DESERT, CALIF. — Bucksbaum Properties has acquired One El Paseo Plaza, a mixed-use office and restaurant property in Palm Desert. Terms of the transaction were not released. Situated on 5 acres at 74199 El Paseo Drive and 74225 and 74245 Highway 111, One El Paseo Plaza offers 86,835 rentable square feet. The complex features two two-story office buildings and an adjacent restaurant pavilion — originally Palm Desert’s first commercial building. The buildings feature granite lobbies, flexible floor plates and a parking ratio of 3.5 spaces per 1,000 square feet, including assigned and covered parking.

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NewQuest Inks Three Ground Leases at Texas Heritage Marketplace in Katy

Taylor Williams — Fri, 13 Mar 2026 15:18:32 +0000

KATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy. The deals are with Olive Garden (7,825 square feet), Chase Bank (3,443 square feet) and Whataburger (3,305 square feet). David Meyers and Bob Conwell internally represented NewQuest in all lease negotiations. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial represented Whataburger, and James Namken and Kyle Knight of Weitzman represented Chase Bank.

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How Mixed-Use Is Evolving in North Georgia

John Nelson — Fri, 13 Mar 2026 12:05:00 +0000

Mixed-use development across the Southeast continues to change and evolve. What was once as straightforward as building residential apartments located above a street-level retail component has become something far more sophisticated and intentional. Today’s mixed-use communities offer integrated, experience-driven environments where all elements of living, working, shopping, dining and recreation are thoughtfully curated, with connectivity as a primary focus. The North Georgia region, located approximately 40 miles north of Atlanta, is where residential demand is rising, incomes are growing and consumer preferences are changing. As these trends converge, developers seek the opportunity to create true neighborhood hubs in the area. The Crossing at Coal Mountain, located in Forsyth County, is a new 140-acre mixed-use destination by Atlantic Residential that reflects how development strategies are evolving in response to these market shifts. The project will feature walkable streets, activated green spaces, local dining, daily lifestyle services and a carefully programmed retail plaza alongside luxury homes being developed in partnership with national homebuilder Toll Brothers. Each of the project’s planned elements is designed to support a true live-work-play environment. Phase I of the project’s retail district is on track to open this year, positioning the development to contribute to the region’s broader…

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Third & Urban Unveils Renovation Plans for Atkins Park Retail Cluster in Atlanta

John Nelson — Wed, 11 Mar 2026 13:54:36 +0000

ATLANTA — Locally based Third & Urban has unveiled renovation plans for the Atkins Park Collection, a 61,120-square-foot retail portfolio located in Atlanta’s Virginia-Highland neighborhood. Third & Urban purchased the first phase of the Atkins Park Collection in December 2024, which totals 35,370 square feet along North Highland and St. Charles avenues. The firm acquired the second phase, which includes Neighbors, City Church and infill pieces of the block between Greenwood and St. Charles avenues, in September 2025. In partnership with the Virginia Highland District, Third & Urban is planning more than $3 million in building and streetscape improvements for the retail shops. The firm recently completed improvements to the 842 North Highland building, which included new signage, railings and upgraded light fixtures, as well as a new front stair entry and mural. Future building upgrades for 780 North Highland will include updated facades, the addition of an indoor-outdoor courtyard with several retail suites and new food-and-beverage tenants. Construction will begin in late spring. Shelbi Bodner and Lexi Ritter of Bridger Properties will handle retail leasing for the property.

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Hanley Investment Group Arranges $6.9M Sale of Two Retail Pad Sites in Murrieta, California

Amy Works — Tue, 10 Mar 2026 13:14:46 +0000

MURRIETA, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $6.9 million sale of two single-tenant retail pads at the intersection of California Oaks Road and Jackson Avenue in Murrieta. A private developer based in Orange County, Calif., sold the properties to a private 1031 exchange investor based in California’s Central Valley. Sean Cox and Bill Asher of Hanley Investment Group represented the seller, while Brendan Tyoran and Jake Linsky of Matthews Real Estate Investment Services represented the buyer in the deal. The two-tenant property features two separate, stand-alone pads on a 1.78-acre parcel. Built in 2022, Quick Quack Car Wash occupies the 4,126-square-foot property at 40640 California Oaks Road on a 20-year absolute triple-net ground lease with approximately 17 years remaining, including 12 percent rental increases every five years and multiple renewal options. Popeyes, which closed on a lease prior to the sale, will begin construction on a 1,983-square-foot restaurant at 40642 California Oaks Road. The tenant signed a 20-year, absolute triple-net ground lease with 10 percent rental increases every five years.

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Gen Z Is Shifting the Future of Retail

John Nelson — Thu, 05 Mar 2026 12:30:00 +0000

In the digital age, nearly everything is accessible online — entertainment, shopping, friendship, you name it. With a few taps on a screen, we can order three pairs of jeans, have a pizza delivered and carry on a meaningful conversation without ever leaving the couch. Considering that Generation Z — those born roughly between 1996 and 2013 — has grown up immersed in this digital reality, it would be easy to assume they have little interest in traditional, in-person experiences. Surprisingly, the opposite is true. From pop-ups, influencers, to retail, Gen Z are securing their Labubus to their bags and heading out the door to shake up our understanding of successful contemporary retail experiences. After coming of age during COVID, living through what has been called an “epidemic of loneliness,” Gen Z is craving in person experiences more than ever, and where better to go with your friends than the mall? A reported 69 percent of Gen Z shoppers say they prefer shopping in brick-and-mortar stores over online alternatives. However, their renewed interest in physical spaces doesn’t mean a return to retail as we once knew it. Instead, Gen Z is fundamentally reshaping what in-person shopping and entertainment look like…

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Scarcity Shapes Strategy: How Tight Vacancy Is Redefining Retail in Raleigh

John Nelson — Mon, 02 Mar 2026 12:32:00 +0000

If there is one defining characteristic of the Raleigh-Durham retail market today, it is scarcity. Exceptionally low vacancy — especially in high-quality, well-located centers — has become the norm rather than the exception, fundamentally reshaping leasing dynamics, rent growth and development strategy across the region. As of third-quarter 2025, overall retail vacancy in Raleigh-Durham stood at approximately 2.4 percent, marking four consecutive years below the 3 percent threshold. Even more telling, spaces under 10,000 square feet posted vacancy closer to 1.8 percent, underscoring just how competitive conditions have become for local and regional tenants. This imbalance between demand and supply has placed landlords in a position of sustained leverage, particularly in grocery-anchored centers, strong neighborhood and lifestyle shopping centers or mixed-use environments. Low vacancy matters because it drives outcomes. Lease-ups are happening faster, concessions are increasingly rare in top trade areas and rents continue to trend upward. For tenants, especially those seeking smaller footprints, waiting to engage often means missing opportunities altogether. For owners, the market rewards proactive asset management and disciplined tenant selection. A clear example of this dynamic is Olde Raleigh Village, a grocery-anchored community shopping center that is currently 100 percent leased. With no vacancy to contend…

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Marcus & Millichap Brokers Sale of 33,055 SF Mixed-Use Property in San Diego’s La Jolla Neighborhood

Amy Works — Fri, 27 Feb 2026 14:04:59 +0000

SAN DIEGO — Marcus & Millichap has arranged the sale of Prospect Square at La Jolla Village, a mixed-use property located in San Diego’s La Jolla submarket. 1025 Prospect LLC sold the asset to 1025 Associates LLC & Wedge 3.0 LLC for $10.3 million. Nick Totah of Marcus & Millichap represented the seller, while Ross Sanchez of Marcus & Millichap represented the buyers in the deal. Located at 1025 Prospect St., Prospect Square at La Jolla Village features 33,055 square feet of ground-floor and second-floor retail and restaurant space, third-floor office space and a three-story subterranean parking garage. Current tenants include Cody’s Restaurant, Beeside Balcony, The Agency, Arjang Fine Art, Blueprint Equity and Patient Partner. Originally built in 1984, the property was renovated in 2022 and 2024.

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Morgan, Casto Net Lease Buy Land in Southeast Florida, Plan Aldi-Anchored Shopping Center

John Nelson — Thu, 26 Feb 2026 14:45:28 +0000

PORT ST. LUCIE, FLA. — A partnership between Morgan Co. and Casto Net Lease has acquired 15 acres in Port St. Lucie, a city in southeast Florida’s St. Lucie County. The duo plans to develop a new shopping center anchored by Aldi on the site. The center will also include outparcels designated for McDonald’s, Circle K and AutoZone, as well as outparcels that are currently available for sale or lease. Scott Copeland of On Course Development represented Morgan and Casto Net Lease in the land deal. The seller and sales price were not disclosed. The buyers plan to break ground on the shopping center before the end of the year and deliver the property in 2027.

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Marcus & Millichap Brokers Sale of Metro Atlanta Restaurant Leased to Whataburger

John Nelson — Thu, 26 Feb 2026 14:44:33 +0000

FLOWERY BRANCH, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Flowery Branch leased to Whataburger. The restaurant was built in 2024 and sold to a local buyer that purchased the property all-cash in a 1031 exchange. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group represented the seller, a repeat developer for the Whataburger brand, in the deal. Both parties requested anonymity. Whataburger has 14 years remaining on its ground lease, which features rent increases in the initial term as well as extension options. “This marks our fourth new Whataburger closing in the Atlanta MSA over the past 12 months, and we are currently marketing an additional location in Buford, Ga.,” says McMinn. “Demand for well-located QSR [quick-service restaurant] assets remains strong as 1031 exchange and private capital continue to re-enter the net lease market. Capital targeting the QSR sector is driven by long-term leases, rent escalations and attractive drive-thru locations.”

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Espiritu to Open 10,000 SF Restaurant at One East Wacker Office Building in Chicago

Kristin Harlow — Wed, 25 Feb 2026 14:51:23 +0000

CHICAGO — Fine dining restaurant and bar concept Espiritu has signed a lease to open a roughly 10,000-square-foot ground-floor space at One East Wacker, a Chicago office building owned by AmTrustRE. Espiritu comes from the restaurateurs behind Chicago Cut Steakhouse and Cerdito Muerto, Matt Moore and Emidio Oceguera. The dining concept blends classic Chicago dishes with a modern Mexican flair. In addition to 10,000 square feet of indoor space, the restaurant will include 2,200 square feet of adjoining outdoor patio area along Wacker Drive. Dana Moyles of Dana Moyles Real Estate Services represented Espiritu in the lease, while John Vance and Will Winter of Stone Real Estate represented the landlord. AmTrustRE has also secured three new office leases at the property, including Flight Centre Travel Group (USA) Inc., the Trade Commission of Spain in Chicago and the Consulate General of Bosnia and Herzegovina in Chicago. Signed to 7,216 square feet of office space on the 13th floor, Flight Centre Travel Group is one of the world’s largest global travel agencies. JLL’s Sarah Silva and Bess Cooney represented the tenant. The Trade Commission Office of Spain, of the Government of the Kingdom of Spain, will occupy 4,326 square feet on the…

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Shake Shack, Trader Joe’s Join 43-Acre Medley Development in Johns Creek, Georgia

John Nelson — Tue, 17 Feb 2026 15:20:43 +0000

JOHNS CREEK, GA. — A new wave of retailers has joined the tenant roster at Medley, a new 43-acre mixed-use redevelopment underway in Johns Creek, about 27 miles north of Atlanta. Locally based Toro Development Co. recently announced the newcomers, which will include Shake Shack, Trader Joe’s, Kontour Medical Spa, Moop’s Boutique and Northern China Eatery. Previously announced concepts include Sephora, High Country Outfitters, BODYROK, Petfolk, CRÚ Food & Wine Bar, Fadó Irish Pub, Summit Coffee, Five Daughters Bakery, Drybar Shops, Minnie Olivia Pizzeria and Clean Your Dirty Face, among others. Set to debut officially around Halloween, Medley will offer 164,000 square feet of retail, restaurant and entertainment space; 833 luxury townhomes and apartments; The Hotel at Medley, a 150-room boutique hotel set to open in 2028; 110,000 square feet of lifestyle office space; and a 25,000-square-foot plaza. The project is located at the intersection of Johns Creek Parkway and McGinnis Ferry Road and was once a suburban office hub for State Farm Insurance.

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