ALLEN, TEXAS — A partnership between two investment firms, New York-based Town Lane and Dallas-based Gillon Property Group, has acquired Watters Creek Village, a 460,000-square-foot retail and office property located in the northeastern Dallas suburb of Allen. Built on 46 acres in 2008, Watters Creek Village consists of 360,000 square feet of retail space that is anchored by a Market Street grocery store and 100,000 square feet of boutique office space. Other retail tenants include Anthropologie, Barnes & Noble, Lululemon, Mi Cocina, Pure Barre, Sephora and Warby Parker. A fund backed by Ares Real Estate financed the acquisition. The seller and sales price were not disclosed. The new ownership plans to make capital improvements to the property.
QUEEN CREEK, ARIZ. — Phoenix Commercial Advisors has facilitated the off-market sale of Pecan Plaza Shops, an entertainment and fitness shadow-anchored multi-tenant retail center in Queen Creek. The property sold for $13.5 million, or $656.83 per square foot. Built in 2022, the 20,325-square-foot asset was fully leased at the time of sale. The asset is located at the northwest corner of Ellsworth and Riggs roads. John Schweikert and Chad Tiedeman of Phoenix Commercial Advisors represented the undisclosed seller. The name of the buyer was not released. The sale of Pecan Plaza Shops marks the final piece of the center sold as part of the seller’s breakup strategy, which was executed in full by Phoenix Commercial Advisors.
CLEVELAND — The Haslam Sports Group, alongside a joint venture of AECOM Hunt and Turner Construction Co. and architect HKS, have broken ground on the new Huntington Bank Field, the future home of the Cleveland Browns starting in the 2029 season. The enclosed stadium and surrounding district marks northeast Ohio’s largest economic development project to date, according to the Browns. In addition to Browns games, the stadium can host events throughout the year such as NCAA Final Fours, international soccer matches and concerts for up to 75,000 people. Lincoln Property Co. will develop the mixed-use entertainment district. According to the Browns, the stadium’s revolutionary seating bowl design will bring fans closer to the field than any other NFL stadium. The transparent roof will be enhanced by a first-of-its-kind roofing system. AECOM Hunt and Turner are partnering with local contractors, including DiGeronimo Cos., Independence Excavating and Independence Construction. The project is scheduled to open in 2029 along with Phase I of the mixed-use development.
HOBOKEN, N.J. — CBRE has negotiated the $8.2 million sale of a two-story retail property in downtown Hoboken. According to LoopNet Inc., the property at 226-228 Washington St. was built in 1967 and totals 15,393 square feet. The buyer and seller were both limited liability companies. Charles Berger and Sam Bernhault brokered the deal on behalf of both parties.
SKOKIE, ILL. — Greenstone Partners has brokered the $3.9 million sale of Gross Point Crossing, a 19,000-square-foot retail center in Skokie. Brewster Hague and AJ Patel of Greenstone represented the seller, a Chicago-based private investor, and procured the buyer, an Ohio-based private real estate investment firm. The value-add property was 67 percent occupied at the time of sale. Located at the signalized intersection of Gross Point Road and Dempster Street, the asset features a mix of food and service-oriented tenants.
NEW YORK CITY — JLL Capital Markets has arranged a $150 million loan for the refinancing of the Bay Terrace Shopping Center, a grocery-anchored retail property in the Bayside neighborhood of Queens. JLL secured the loan through New York Life Real Estate Investors on behalf of the locally based borrower, Cord Meyer Development. Located at the intersection of 26th Avenue and Bell Boulevard, Bay Terrace totals 326,445 square feet and was approximately 90 percent leased at the time of financing. Anchored by Stop & Shop, the property is also home to HomeGoods, AMC Theatres, Bank of America, Chase Bank, Sephora and LA Fitness. The center was originally developed in the 1960s. Cord Meyer has recently invested significant capital to enhance the asset, including façade upgrades, new signage, improved pedestrian circulation and a “Restaurant Row.” Additional improvements are planned to further modernize the property. According to JLL, the Northeast Queens submarket contains 23.8 million square feet of retail inventory with a vacancy rate of 2.5 percent. Current retail construction is significantly below historical averages, with 15,000 square feet underway, one-tenth of the 150,000-square-foot annual average. Founded in 1904, Cord Meyer is a developer, owner and operator of retail, commercial and residential …
COLUMBIA, S.C. — TSCG has signed Sprouts Farmers Market to anchor Devine Crossing, a redevelopment project located in Columbia. The new 24,113-square-foot grocery store will occupy the former Piggly Wiggly site, which served the community for more than 50 years before closing in 2025. Locally based Cason Development acquired the 3.2-acre property last May. Alan Freeman of TSCG represented Sprouts Farmers Market in the lease negotiations. TSCG will also lease the remaining space at Devine Crossing. Along with Sprouts, Devine Crossing will include approximately 10,000 square feet of inline retail, as well as an additional 5,000 square feet of multi-tenant building space, bringing the full project to roughly 40,000 square feet of new and redeveloped retail. Sprouts Farmers Market is expected to open in 2027.
ABDERDEEN, N.J. — Crunch Fitness has opened a 25,000-square-foot gym in Aberdeen, about 40 miles south of New York City. The space is located within Regent Shopping Center, a 178,000-square-foot, grocery-anchored development. Michael Gartenberg of Garden Commercial Properties represented the landlord in the lease negotiations on an internal basis. Crunch Fitness was also self-represented.
ESCONDIDO, CALIF. — Brixton Capital has acquired Escondido Gateway Shopping Center, an 89,252-square-foot retail center located in Escondido, approximately 30 miles northeast of downtown San Diego, for $28 million. Phil Lyons and Vince Provenzano of Cushman & Wakefield represented the seller, Del Mar, Calif.-based Mountain Pacific Properties, in the off-market transaction. Brixton Capital represented itself. Built in 2003, Escondido Gateway Shopping Center spans four buildings and features a mix of tenants including Barnes & Noble, Michaels, Columbia Bank and Cocina del Charro, among others. The property was 96.8 percent occupied at the time of sale. Brixton will focus its immediate efforts on leasing the two vacant retail suites.
With flexible work schedules now the norm, today’s modern office buildings must justify the commute. According to the Flex Index Q1 2026 report, a quarterly workplace trends report, 67 percent of U.S. companies now use a hybrid model. Gensler’s Global Workplace Survey 2026 also underscores a shift in employee priorities, with nearly half of employees (46 percent) noting that wellness amenities matter more than high-tech features in the office. To explore how these trends play out locally in leading commercial real estate markets, REBusinessOnline talked to Bill Baumgardner, who leads VanTrust’s Texas office as executive vice president, and Guy Grivas, vice president of Hillwood’s retail division. Those priorities are on display at Frisco Station, where VanTrust, Hillwood and The Rudman Partnership are developing a 242-acre mixed-use destination in Frisco’s North Platinum Corridor, about 30 minutes north of Dallas. Centered around The Star, the Dallas Cowboys’ world headquarters, the development brings together Class A office space, a mix of residential options and modern hotels — all within walking distance of dining, shopping and entertainment options — creating a seamless, experience-driven workday. REBusinessOnline: What are the top priorities for today’s employers when selecting an office building? Bill Baumgardner : To succeed, today’s …