WACO, TEXAS — JLL has arranged the sale of a 181,708-square-foot retail property in Waco that is leased to tenants including Sprouts Farmers Market, Best Buy, Office Depot and Burlington. The property is part of Central Texas Marketplace, a 526,000-square-foot power shopping center that was built between 2005 and 2015. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL represented the seller, Ball Ventures, in the transaction. The buyer was G3C Operating LLC, an entity controlled by Dallas-based investor James “Corky” Nix.
THOUSAND OAKS, CALIF. — Newmark Pacific has negotiated the $45.5 million sale of Conejo Valley Plaza, a 127,032-square-foot shopping center located in Thousand Oaks, approximately 38 miles west of Los Angeles. A Ralphs grocery store and Bank of America anchor the center, which was 68 percent leased at the time of sale. Additional tenants include Marshalls, HomeGoods and CVS Pharmacy. Pete Bethea, Rob Ippolito and Glenn Rudy of Newmark Pacific represented the sellers, two entities doing business as Conejo Valley Plaza 1 LLC and Conejo Valley Plaza 2 LLC, in the transaction.
WOODSTOCK, GA. — Atlanta-based real estate developer and investor Connolly has begun construction on Woodstock Mill District, a 118,000-square-foot shopping center located in the Atlanta suburb of Woodstock. The property is slated to open in phases throughout the second half of 2026. Ameris Bank is providing construction financing for the project. Scott McGregor and Bo Schill of CBRE represented Connolly in the land acquisition, while John Haynes, also with CBRE, represented the land seller. The project team features Place Maker Design (architect), Robertson Loia Roof PC (civil engineer) and Benning Construction (general contractor). Woodstock Mill District will comprise 90,000 square feet of new retail space, including a 46,791-square-foot Publix grocery store that will serve as the anchor tenant. Additionally, the development will include six freestanding buildings ranging in size from 3,500 to 13,750 square feet. Towne Lake Plaza, an existing 28,000-square-foot shopping center which sits adjacent to Woodstock Mill District, will soon be rebranded to join the new development. Connolly originally acquired Towne Lake Plaza in 2021. Connolly has selected Ed O’Connor and Mindy Elms of Lavista Associates Inc. to handle leasing for Woodstock Mill District.
HILLSIDE, ILL. — Edgemark has acquired Hillside Town Center, a 160,330-square-foot shopping center in the Chicago suburb of Hillside. Built in 2009, the property is located at the intersection of I-290 and Mannheim Road and was 99 percent occupied at the time of sale. Some of the tenants include HomeGoods, Ross Dress for Less and Petco. Michael Nieder and Brian Page of JLL represented the seller, Hutensky Capital Partners.
ANNAPOLIS, MD. — Seven new tenants have signed leases to join Annapolis Mall, a 1.6 million-square-foot super-regional shopping center located in Annapolis, approximately 30 miles east of Washington, D.C. GOAT USA will open this fall, while Swarovski will follow this winter. OFFLINE by Aerie and Dick’s House of Sport will debut in summer 2026, with UNIQLO and Jack & Jones opening in fall 2026. Additionally, Fello will join the lineup in winter 2026. Meanwhile, existing tenant Talbots has expanded its space at Annapolis Mall and will open this winter. The inclusion of these tenants at the center will total roughly 300,000 square feet of retail space. Annapolis Mall features more than 200 retailers and restaurants such as Macy’s, Apple, Crate & Barrel, lululemon, H&M, Michael Kors, Tumi, Urban Outfitters, Free People, Foot Locker, Zara, Maggiano’s and The Cheesecake Factory, as well as a 12-screen AMC Theatres location. Centennial acquired Annapolis Mall in 2024.
By Lindy Beyer and Matt Rau, CBRE Kansas City is a special place. We have long been known for our renowned barbecue, jazz and most recently, as the city where Taylor Swift’s fiancé works. Retail is at the core of our city, attracting visitors from all over the world to experience our city’s welcoming and rich culture. As the metro area has grown, so has the retail market. We are currently experiencing a period of robust growth, fueled by a combination of strong suburban demand, exciting new mixed-use developments and the appeal of big box vacancies. Sports have been an additional driver as the city continues to invest in its athletic and entertainment offerings. These venues attract large crowds — generating foot traffic and boosting sales for nearby retailers. Retail occupancy rates in Kansas City have increased from 93 percent to 95.1 percent in the last five years, showing the strong overall demand in the market. This is especially notable as there have been over 2.6 million square feet of new retail space delivered over that same time frame, with a large portion contained in mixed-use developments. Overall growth in the Kansas City submarkets has triggered a higher demand for …
In JLL’s second-quarter “Retail Market Dynamics” report, “resilience” was the word used to describe the national retail investment landscape in the first half of 2025. Transaction volume reached $28.5 billion, a 23 percent increase over the same period a year ago. The figure also outpaces the long-term historical average of $27.7 billion for the first two quarters of the year, according to the brokerage firm. The scope of data includes all transactions $5 million and above for all retail asset subtypes. Retail investment sales brokers say there is plenty of capital flowing into the sector and more robust competition from institutional investors as of late. “We are seeing enhanced liquidity in the retail investment sales market from both an equity and debt perspective,” says Michael Neider, senior director with JLL Capital Markets in Chicago. “Total transaction volume is up in terms of deal volume and number of transactions, while cap rates are compressing.” Grocery-anchored and unanchored retail assets remain the most efficiently priced, but power center cap rates are compressing at a faster pace from their elevated levels, says Neider. “The spread between grocery-anchored cap rates and power center cap rates has narrowed from 166 basis points in 2023 — …
DALLAS — JLL has arranged the $1.2 billion refinancing of NorthPark Center, a 1.9 million-square-foot enclosed mall in North Dallas. NorthPark Center originally opened in 1965 and has subsequently undergone multiple renovations and expansions. Today, the mall is home to nearly 200 tenants, with Neiman Marcus, Nordstrom, Macy’s, Dillard’s, Eataly and AMC Theatres serving as the anchors. A consortium of lenders led by Wells Fargo, Morgan Stanley and Goldman Sachs provided the financing to the owner, NorthPark Management Co., an entity that is owned and controlled by the Nasher/Haemisegger family. Timothy Joyce, Trey Morsbach and Matt Maksymec of JLL led the debt placement efforts. NorthPark Center was 98.6 percent leased at the time of the loan closing. The financing will retire the existing mortgage, and ownership will use excess proceeds to redeem equity interests in the property and return full ownership back to the family.
MISSION, TEXAS — California-based brokerage firm Faris Lee Investments has negotiated the $16.6 million sale of Mission Gateway, a retail property located in the Rio Grande Valley. Tenants at the property include Burlington and Murdoch’s. A Texas-based developer sold Mission Gateway to a REIT, with both parties requesting anonymity. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee brokered the all-cash deal.
FRAMINGHAM, MASS. — Regional brokerage firm Atlantic Capital Partners has arranged the $32.6 million sale of a retail building located in the western Boston suburb of Framingham. The building sits on a 9.5-acre site and is ground-leased to Lowe’s Home Improvement. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin and Matt Ericson of Atlantic Capital Partners represented the seller and procured the buyer, both of which requested anonymity, in the transaction.