Retail

Marcus & Millichap Brokers $9.7M Sale of Retail Strip Center in Delavan, Wisconsin

by Kristin Harlow February 3, 2025

DELAVAN, WIS. — Marcus & Millichap has brokered the $9.7 million sale of Delavan Crossings, a 41,898-square-foot retail strip center in Delavan, about 45 miles southwest of Milwaukee. The 25-suite property, built in 2003, is comprised of three buildings. Some of the tenants include Starbucks, Domino’s, Jersey Mike’s, AT&T, Verizon and Great Clips. Jeff Rowlett of Marcus & Millichap represented the seller, New York-based Ten Patels Realty. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap procured the buyer, a private investor. The trio also secured financing from a credit union lender.

February 3, 2025

Acquisitions New Jersey Northeast Retail

Marcus & Millichap Brokers $3M Sale of Retail Center in Matawan, New Jersey

by Taylor Williams February 3, 2025

MATAWAN, N.J. — Marcus & Millichap has brokered the $3 million sale of a 20,665-square-foot retail center in Matawan, about 40 miles south of Manhattan. The property is known as Matawan Mall and is home to 11 tenants, with Dunkin’ serving as the anchor. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller, Brupat Holdings LLC, in the sale, which was conducted via auction platform Ten-X. The trio also procured the buyer, a local private investor.

February 3, 2025

Acquisitions Connecticut Northeast Retail

Colliers Arranges $2.9M Sale of Retail Building in Mystic, Connecticut

by Taylor Williams February 3, 2025

MYSTIC, CONN. — Colliers has arranged the $2.9 million sale of a retail building in Mystic, located in southern coastal Connecticut. The building at 49-53 Main St. formerly housed the Bank Street Book Store and totals 9,000 square feet, according to LoopNet Inc. John Cafasso of Colliers represented the buyer, jeweler Lux Bond & Green, which also plans to occupy the property, in the transaction. Judi Carcausa of William Pitt Sotheby’s International Realty represented the undisclosed seller.

February 3, 2025

Acquisitions New Jersey Northeast Retail

Cushman & Wakefield Brokers $5.6M Sale of Northern New Jersey Retail Property

by Taylor Williams January 31, 2025

RIDGEWOOD, N.J. — Cushman & Wakefield has brokered the $5.6 million sale of a 16,698-square-foot retail property in the Northern New Jersey community of Ridgewood. The property at 30-38 Oak St. was 92 percent leased at the time of sale to tenants such as Park West Tavern, Je Lu Ja Spa and Ridgewood Education Association. Andrew Schwartz, Jordan Sobel, Andre Balthazard, Dan Bottiglieri and David Bernhaut of Cushman & Wakefield represented the seller, Onyx Equities, in the transaction. The buyer was not disclosed.

January 31, 2025

Development Northeast Pennsylvania Retail

Wegmans to Open First Pittsburgh-Area Grocery Store, Hire 400-Plus People

by Taylor Williams January 31, 2025

CRANBERRY TOWNSHIP, PA. — Wegmans, a grocer based in upstate New York, has announced plans to open its first Pittsburgh-area store. An opening date was not announced, but the store will span 115,000 square feet and will be located on a 13-acre site on Cool Springs Drive in Cranberry Township, a northern suburb of the Steel City. Wegmans plans to hire between 400 and 500 full- and part-time employees to staff the new store.

January 31, 2025

Acquisitions Florida Retail Southeast

SRS Arranges $8.9M Sale of Retail Property in Homosassa, Florida Leased to 7-Eleven

by John Nelson January 31, 2025

HOMOSASSA, FLA. — SRS Real Estate Partners has arranged the $8.9 million sale of a retail property in Homosassa that is leased to gas station giant 7-Eleven. Built in 2024 and situated at 4018 S. Suncoast Blvd., the gas station and convenience store totals 4,650 square feet and sits on 1.8 acres. 7-Eleven occupies the property on a 15-year corporate-guaranteed lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based developer, in the transaction. The buyer was a private investor from Florida. Both parties requested anonymity.

January 31, 2025

Development Leasing Activity Multifamily Retail Southeast Tennessee

Portman Signs SweatHouz to Retail Lease at Starling Apartment Community in Nashville

by John Nelson January 30, 2025

NASHVILLE, TENN. — Portman has signed contrast therapy studio SweatHouz to a retail lease at Starling, a 359-unit apartment community in Nashville’s Germantown neighborhood. With this lease, Starling’s 17,000 square feet of retail space is fully committed to concepts including Toastique, Solidcore, Retrograde Coffee, Social Cantina, KyuRamen and PannePazze. The new SweatHouse is set to open in August and will be the brand’s first location in Nashville and second in Tennessee. The location will offer private suites featuring infrared saunas, cold plunges and vitamin-C showers for members.

January 30, 2025

Leasing Activity Restaurant Retail Texas

GBT Realty Lands Five New Tenant Commitments at 42,000 SF Shopping Center in Kyle, Texas

by Taylor Williams January 30, 2025

KYLE, TEXAS — Tennessee-based developer GBT Realty Corp. has landed five new tenant commitments at The Shops at The Brick & Mortar District, a 42,000-square-foot shopping center in the Central Texas city of Kyle that is nearing completion. The tenants are Playa Bowls, Jeremiah’s Italian Ice, Skip’s Beer Wine & Liquor, Square Nails Austin and Perspire Sauna Studio. Sprouts Farmers Market is the anchor tenant of the center, which is now 90 percent preleased ahead of the scheduled late-summer completion date.

January 30, 2025

Leasing Activity Midwest Missouri Restaurant Retail

Tacos 4 Life to Open at Element Hotel in Midtown St. Louis in February

by Kristin Harlow January 30, 2025

ST. LOUIS — Tacos 4 Life is slated to open its new location at the Element Hotel at 3763 Forest Park Ave. in Midtown St. Louis on Tuesday, Feb. 11. St. Louis-based hotel development firm Midas Hospitality owns the property. The Midtown Tacos 4 Life marks the third franchise to open in the region, with other locations in Ballwin and O’Fallon, Mo. The retail space at Element Hotel is now fully leased. The 153-room extended-stay hotel opened in 2020. Midas Hospitality will own and operate the Tacos 4 Life Midtown franchise, which is located in a 4,200-square-foot space. Founded in Arkansas in 2014, Tacos 4 Life is a fast-casual taco restaurant with 29 locations. For every meal purchased, the restaurant donates a meal to a child in need through its Meal 4 Meal program.

January 30, 2025

Leasing Activity Massachusetts Northeast Retail

Dick’s Sporting Goods to Open ‘House of Sport’ Store in Peabody, Massachusetts

by Taylor Williams January 30, 2025

PEABODY, MASS. — Dick’s Sporting Goods will open a store at Northshore Mall in Peabody, located north of Boston, that will be operated under the Pittsburgh-based retailer’s ‘House of Sport’ brand. The square footage was not disclosed. Nordstrom currently occupies the space. Simon Property Group owns Northshore Mall, which is home to about 140 specialty stores, dining and entertainment venues and recently underwent a multimillion-dollar repositioning. The opening is scheduled for summer 2026.

January 30, 2025

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