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14801-Kruse-Oaks-Dr-Lake-Oswego-OR
AcquisitionsOregonRestaurantRetailWestern

SRS Real Estate Brokers $6.6M Sale of Chick-fil-A Ground Lease in Lake Oswego, Oregon

by Amy Works

LAKE OSWEGO, ORE. — SRS Real Estate Partners has arranged the $6.6 million ground lease sale of a restaurant property located at 14801 Kruse Oaks Drive in Lake Oswego. Chick-fil-A occupies the 8,400-square-foot asset, which was renovated in 2025, under a brand new, 15-year corporate-guaranteed lease. Calvin Short and Patrick Luther of SRS Capital Markets represented the seller, a San Francisco-based family office, while Kevin Held of SRS Capital Markets represented the buyer, an Idaho-based private investor, in the 1031 exchange deal.

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AcquisitionsMidwestMissouriRetail

Block & Co. Buys 510,000 SF Summit Fair Lifestyle Center in Suburban Kansas City

by Kristin Harlow

LEE’S SUMMIT, MO. — Block & Co. Inc. Realtors has purchased Summit Fair, a lifestyle center in the Kansas City suburb of Lee’s Summit. Totaling roughly 510,000 square feet, the property is approximately 90 percent leased. Tenants include Dick’s Sporting Goods, H&M, Lululemon, Made in KC Marketplace, Craft Putt, Orangetheory, Pure Barre, Chick-fil-A, DSW, McAlister’s Deli, JC Penney and Missouri Furniture Mart. Sephora and LoveSac are slated to open soon at the center. Block & Co. intends to introduce community-focused events and expand the tenant mix at Summit Fair. The company now leases and manages 10 multi-tenant centers in Lee’s Summit. Zachary Albrecht and David Block of Block & Co. represented the buyers, a group of local investors including Block and Doug Compton of Lawrence, Kan. Ben Wineman and Joe Girardi of Mid-America Real Estate Corp. represented the seller, Arizona-based RED Development. With this sale, RED has exited the Kansas City market.

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DevelopmentKansasMidwestRetail

Kansas Museum of History Reopens Following $6M Renovation

by Kristin Harlow

TOPEKA, KAN. — After being closed for three years, the Kansas Museum of History has reopened in Topeka. The $6 million renovation, which marked the first major update of exhibits since the museum’s debut in the 1980s, includes a fully reimagined, 20,000-square-foot gallery. Kansas City-based Dimensional Innovations (DI) served as designer, fabricator and installer for the project. DI worked closely with the Kansas Historical Society, which operates the facility.

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Xscape Theatres
AcquisitionsMarylandRetailSoutheastVirginia

Finmarc Management Acquires Two Movie Theater Properties in Maryland, Virginia for $15.1M

by Abby Cox

CENTREVILLE, VA. AND BRANDYWINE, MD. — Bethesda, Md.-based Finmarc Management has acquired a pair of retail properties leased by national movie operators in Virginia and Maryland for $15.1 million. EPR Properties was the seller. The first property, which spans 72,821 square feet, is located roughly 25 miles west of Washington, D.C., at 6201 Multiplex Drive in Fairfax County, Va. Cinemark Centreville fully leases the building, which features 12 screens. The second property is situated at 7710 Matapeake Business Drive in Brandywine and totals 60,000 square feet. The 14-screen theater is fully leased to Xscape Theatres.

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DevelopmentFloridaRetailSoutheast

GBT Realty to Develop Sprouts-Anchored Shopping Center in New Smyrna Beach, Florida

by Abby Cox

NEW SMYRNA BEACH, FLA. — GBT Realty Corp. has unveiled plans to develop Shops at New Smyrna, a 55,273-square-foot, grocery-anchored neighborhood shopping center located in New Smyrna Beach. Construction of the project is scheduled to begin in summer 2026, with completion set for summer 2027. A 23,273-square-foot Sprouts Farmers Market will anchor the development, which will also feature an additional 35,000 square feet of junior anchor and inline retail space across two buildings, as well as two one-acre outparcels. The tenant roster is expected to include fitness and restaurant users and soft goods services, among others.

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The Learning Experience
AcquisitionsFloridaRetailSoutheast

SRS Brokers $5.4M Sale of Retail Property in Suburban Orlando Leased to The Learning Experience

by Abby Cox

DAVENPORT, FLA. — SRS Real Estate Partners has brokered the $5.4 million sale of a single-tenant retail property located in Davenport, roughly 25 miles southwest of Orlando. The Learning Experience, an early childhood education and childcare center, occupies the 10,000-square-foot building on a 20-year lease with 19 years remaining. The building also features a 5,000-square-foot outdoor play area. Built in 2024, the single-tenant property is situated within a larger retail development along U.S. Highway 27. William Wamble and Patrick Nutt of SRS Capital Markets represented the seller, a national commercial real estate investment and development company, in the transaction. The buyer was a Central Florida-based private investor. Both parties requested anonymity.

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Five-Points-Plaza-Riverside-CA
AcquisitionsCaliforniaRetailWestern

Longpoint Purchases 129,699 SF Five Points Plaza Retail Center in Riverside, California

by Amy Works

RIVERSIDE, CALIF. — Longpoint has acquired Five Points Plaza, a retail center located at 4652-4822 La Sierra Ave. in Riverside, from a private family that originally developed the center. Stater Bros, Del Taco, Jack in the Box and Dollar Tree are tenants at the 129,699-square-foot property. Daniel Tyner, Gleb Lvovich and Geoff Tranchina of JLL Capital Markets Investment Sales and Advisory represented the buyer in the transaction.

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10310-S-Dransfeldt-Rd-Parker-CO
AcquisitionsColoradoRetailWestern

Trevey Commercial Real Estate Brokers Sale of Auto Repair Building in Parker, Colorado for $3.3M

by Amy Works

PARKER, COLO. — Trevey Commercial Real Estate has arranged the sale of Greg’s Auto Repair Building, a 9,104-square-foot freestanding commercial property situated on 0.77 acres at 10310 S. Dransfeldt Road in Parker. Bellagnu Land Holdings LLC (formerly Greg’s Auto Repair) sold the the property to 10310 Dransfeldt LLC for $3.3 million. The new owner plans to lease the building to Crash Champions, which is currently operating a facility in the adjacent building. Mitch Trevey and Nick Beach of Trevey Commercial Real Estate represented the seller, while Scott Churchley of Cresa represented the buyer in the transaction.

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AcquisitionsIllinoisMidwestRetail

Mid-America Brokers Sale of 428,612 SF Shopping Center in Deerfield, Illinois

by Kristin Harlow

DEERFIELD, ILL. — Mid-America Real Estate Corp. has brokered the sale of Deerbrook Shopping Center, a Jewel-Osco-anchored shopping center in the Chicago suburb of Deerfield. The 428,612-square-foot property is home to tenants such as Marshalls, Floor & Décor, Sky Zone, Office Depot, Starbucks, Panera, Noodles & Co., Sleep Number, City BBQ, Mattress Firm and Subway. Rick Drogosz, Joe Girardi and Patrick Corrigan of Mid-America represented the seller, a global investment advisor. Core Acquisitions LLC was the buyer. The center offers immediate value-add and redevelopment opportunities, according to Mid-America.

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Lincoln Road
DevelopmentFloridaLoansRetailSoutheastTop Stories

Ackerman & Co. Secures $117M Acquisition Financing for Lincoln Road Retail Redevelopment Project in Miami Beach

by Abby Cox

MIAMI BEACH, FLA. — Ackerman & Co. has secured $117 million in financing on behalf of locally based Comras Co. for the acquisition of five buildings to complement the north end of Lincoln Road, the retail high street of Miami Beach. Dubbed NoLi (North Lincoln Road), the redevelopment will include 150,000 square feet of boutique retail, dining, wellness and lifestyle concepts, as well as 1,700 square feet of street frontage. Completion of the project is anticipated for the first quarter of 2027. Jonathan Rice of Atlanta-based Ackerman & Co. arranged the financing through ACORE Capital. The sellers of the five properties were affiliates of Morgan Stanley and Terranova Corp. “NoLi promises to be another transformative development by Comras in Miami Beach, alongside recently completed projects like the CocoWalk redevelopment in Coconut Grove and the retail component of Miami Worldcenter,” says Jonathan Rice, executive vice president of capital markets at Ackerman & Co. Situated along Lincoln Road and North Lincoln Lane, NoLi will be converted into a new micro-district that will comprise more than 40 inline retail spaces. NoLi will reuse the existing buildings and repurpose the outdated floorplans to create boutique-sized spaces, with layouts ranging in size from 400 square feet …

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