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DevelopmentLeasing ActivityMixed-UseRestaurantRetailSoutheastVirginia

Hoffman & Associates Signs Four New Restaurants to Join West Falls Mixed-Use Project in Metro D.C.

by John Nelson

FALLS CHURCH, VA. — Hoffman & Associates has signed four new restaurant concepts to join the tenant roster at West Falls, a 10-acre mixed-use development in Falls Church, roughly 10 miles west of Washington, D.C. The new eateries include Ice Cream Jubilee, BurgerFi, Honoo Ramen Bar and Dok Khao. These restaurants will join other West Falls tenants that are now open, including Mason’s Famous Lobster Rolls, Chase Bank, Tierra Encantada, Perspire Sauna Studios, CityDance Studios and Levine Music. In addition to shops and restaurants, West Falls will include The Oaks (condominiums), The Reserve at Falls Church (seniors housing) and The Alder (market-rate apartments), as well as a central greenspace called The Commons.

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Pavilions-at-The-Central-Dallas
DevelopmentRetailTexas

De La Vega Development Nears Completion of Phase I of Dallas Mixed-Use Project

by Taylor Williams

DALLAS — De La Vega Development is nearing completion of Phase I of The Central, a 27-acre mixed-use project located at the corner of North Haskell Avenue and the North Central Expressway in Dallas. Phase I of the project features a central communal park known as The Pavilions at The Central that can also support retail and restaurant uses. Designed in collaboration with local architecture firms GFF and Bud Creative, The Pavilions features four interconnected structures with outdoor seating that are surrounded by various biophilic elements and spaces that promote communal gathering. In addition, the space is located across from The Oliver, a 19-story apartment building that developer StreetLights Residential recently began leasing. Full completion of the park and pavilions is slated for the summer.

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2829-2843-Hyperion-Ave-Los-Angeles-CA
AcquisitionsCaliforniaRetailWestern

Bolour Associates Acquires Retail Center in Los Angeles’ Silver Lake District for $6.5M

by Amy Works

LOS ANGELES — Bolour Associates has purchased a neighborhood retail center in the Silver Lake district of Los Angeles from an undisclosed seller for $6.5 million. Located at 2829-2843 Hyperion Ave., the value-add property offers 9,884 square feet of retail space. At the time of sale, the property was 50 percent leased to a mix of tenants, including Pinkberry, Standing Egg Coffee, Cats and Dogs and The Village Vet. Bolour plans to complete both exterior capital improvements and interior tenant improvements at the center. Oron Maher of Maher Commercial Realty represented the seller in the transaction.

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DevelopmentHospitalityMichiganMidwestRetail

Michigan State Approves Construction of $150M Spartan Gateway District Project, Selects Developer

by Kristin Harlow

EAST LANSING, MICH. — The Michigan State University Board of Trustees has authorized the university to move forward with the construction of the Spartan Gateway District, a public-private campus community development project on the west side of campus along Harrison Road in East Lansing. The university has selected G&G Project Sparta LLC, a joint venture between Lansing, Mich.-based Gillespie Group and Omaha, Neb.-based Goldenrod Cos., as the developer. The project’s price tag is $150 million, according to Crain’s Detroit Business. The Spartan Gateway District encompasses a new hotel and retail space as well as an athletics arena. The Olympics Sports Arena will support volleyball, wrestling, gymnastics, locker rooms and coaching office space in addition to a number of university classrooms. The hotel and retail space would be part of the public-private partnership between the university and the developer. The Spartan Gateway District will be developed in multiple phases. The first phase will include the arena, which is slated to be operational by late 2027. Additional phases featuring a variety of commercial uses including a hotel, housing, office and retail spaces will follow. The timeline for the final phase, which will expand the university’s use of the facilities, is yet to …

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AcquisitionsMichiganMidwestRetail

CrownPoint Partners Brokers Sale of 14,933 SF Retail Property in Southgate, Michigan

by Kristin Harlow

SOUTHGATE, MICH. — CrownPoint Partners has brokered the sale of a newly constructed retail property occupied by Range USA in Southgate for an undisclosed price. The single-tenant, net-leased asset totals 14,933 square feet and is situated on 2.2 acres at 12780 Reeck Road just off I-75. Julius Swolsky and Shannon Bona of CrownPoint represented the seller, CA Commercial Development, and the buyer, FrontView REIT. Founded in 2012, Range USA operates indoor shooting ranges. The Southgate location, which opened in January 2023, features 20 shooting lanes.

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Leasing ActivityNortheastRestaurantRetailRhode Island

Marsella Development Opens $25M Food Hall in Downtown Providence

by Taylor Williams

PROVIDENCE, R.I. — Marsella Development Corp. has opened Track 15, a $25 million, 18,000-square-foot food hall that is situated within the historic Union Station building in downtown Providence. Vendors include Little Chaska, Tolia, Dune Brothers, Dolores, There There, Giusto PVD and Mother Pizzeria PVD. The development also features indoor and outdoor seating for roughly 600 people, an entertainment venue and a 10,000-square-foot plaza. Rhode Island-based architecture firm Vision3 designed the food hall.

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Leasing ActivityMassachusettsNortheastRestaurantRetail

WS Development Welcomes Five New Tenants to Legacy Place Shopping Center in Dedham, Massachusetts

by Taylor Williams

DEDHAM, MASS. — Local owner-operator WS Development has welcomed five new tenants to Legacy Place, a 580,000-square-foot retail power center located in the southwestern Boston suburb of Dedham that was recently recapitalized. The new tenants are Mexican restaurant Anna’s Taqueria, permanent jewelry brand Brave Daughters, women’s apparel retailer Aritzia, Asian restaurant Mecha Noodle Bar and fitness concept [solidcore]. All openings are slated for various points in 2025.

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AcquisitionsFloridaRetailSoutheast

Marcus & Millichap Brokers Sale of 81,082 SF Shopping Center in Tallahassee

by John Nelson

TALLAHASSEE, FLA. — Marcus & Millichap has brokered the sale of Market Square, an 81,082-square-foot shopping center located in Tallahassee’s Market District, roughly four miles from Florida State University. The asset traded for more than $330 per square foot. The property — which was originally built in 1977 and renovated in 2021 — is anchored by a 22,000-square-foot REI. Additional tenants at the property include Sanitas Medical Center, Connors Steak & Seafood, a medical spa and Southern Seafood Market. Alvin Mansour and Jon Talia of The Mansour Group of Marcus & Millichap represented the private seller and procured the Florida-based buyer in the transaction. Ryan Nee is Marcus & Millichap’s broker of record in Florida.

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AcquisitionsRetailTexas

CenterSquare Acquires 27,500 SF Shops at Cinco Ranch in Metro Houston

by Taylor Williams

KATY, TEXAS — Metro Philadelphia-based CenterSquare Investment Management has acquired The Shops at Cinco Ranch, a 27,500-square-foot retail strip center located in the western Houston suburb of Katy. The center was 96 percent leased at the time of sale to tenants such as H&R Block, Portrait Dental and Palinuro Italian Café. Kaleb Rupp of Encore Real Estate Investment Services represented CenterSquare in the transaction. The seller and sales price were not disclosed.

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Leasing ActivityMidwestOhioRestaurantRetail

Mastro’s Steakhouse Opens 9,000 SF Fine Dining Restaurant at Easton Town Center in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Mastro’s Steakhouse, a high-end seafood and steak restaurant, has opened a 9,000-square-foot location at Easton Town Center in Columbus. The restaurant marks the first location in the Midwest for Mastro’s, which operates 22 locations across the country. The Columbus restaurant features two main dining rooms, one private dining room, two outdoor patio spaces, a grand double-faced bar, piano lounge and semi-private wine room. Easton Town Center is home to other upscale restaurants such as Del Mar, Mitchell’s Ocean Club and Cooper’s Hawk Winery & Restaurant.

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