AUSTIN, TEXAS — Zoocade has signed a 32,9000-square-foot retail lease in North Austin. The space is located at 11000 Middle Fiskville Road and will house an entertainment venue that will feature lifelike animal encounters, adventure rooms, an arcade and holographic photos, as well as spaces for private events and parties. Nick Naumann, James Van Trease and David Ruwwe of Weitzman negotiated the deal. The landlord was not disclosed.
MONUMENT, COLO. — Legacy Development Partners has acquired a 30-acre site at the northeast quadrant of Interstate 25 and Baptist Road in Monument, approximately 20 miles north of Colorado Springs, for the development of Legacy at Jackson Landing. Construction will commence immediately, with a grand opening scheduled for October 2027. Upon full build-out, Legacy at Jackson Landing will offer more than 225,000 square feet of retail and restaurant space. Target is slated to anchor the property. Other proposed tenants include Marshalls, HomeGoods, Chick-fil-A and Firehouse Subs. Legacy at Jackson Landing is being developed through a strategic partnership with The Garrett Cos. Equity for the development was sourced with the assistance of Texas-based Telis Group, and Bank of Texas provided construction financing.
MISSION, KAN. — Block & Co. Inc. Realtors has completed the lease-up of Mission West Shopping Center in Mission. Recent deals with Atlas Autism Health, Levant Bakery and a golf simulation lounge completed the final phase of leasing at the property, which had more than 20,000 square feet of vacant space. Other tenants at the center include Planet Fitness, Dollar Tree, Rally House and Slim Chickens. The leasing team included Block & Co.’s Grant Summers, Paul Massali, Max Kosoglad and David Block.
BETHLEHEM, PA. — Colliers has arranged the sale of a 14,000-square-foot historic building located at 46-52 West Broad St. in the Lehigh Valley community of Bethlehem. The new owner, private investor Rocco Ayavoz, plans to reposition the building, which was originally constructed in 1925 for Lehigh Valley National Bank, into a retail, restaurant and entertainment destination. Derek Zerfass and Seth Lacey of Colliers brokered the sale.
By Jesse Tollison, Transwestern When analyzing the Minneapolis-St. Paul (MSP) metro area, urbanicity plays a deep role in understanding the opportunities for making a significant impact and profit in the commercial real estate markets. This is not a story unique to Minnesota’s largest metropolitan area, where roughly half of the state’s inhabitants live, but MSP serves as an illuminating case study as to how widely opportunity can vary between urban and suburban markets. Indeed, many areas across the country exhibit stark differences between their urban and suburban commercial real estate markets, but those differences cannot be uniformly applied to each metro. The qualitative and quantitative analysis of local minutiae lends tremendous insight when evaluating opportunities. Developers, investors, tenants, brokers and every other player in the commercial real estate world are paying close attention to the diverging urban and suburban trends as they assess the market for opportunities. In such a fragmented market, decision-makers are using more data than ever to inform their strategies. High-level views aren’t enough to benchmark a property’s performance, and it’s important to understand the localized trends when evaluating an opportunity. Industrial history As the historical industrial hub of Minnesota, the Twin Cities’ urban core has many …
BENTONVILLE, ARK. — Walmart Inc. (Nasdaq: WMT) has announced plans to invest in more than 650 scheduled remodels of Walmart Supercenter and Walmart Neighborhood Market stores this year. The Bentonville-based retail giant also plans to open roughly 20 new stores throughout the remainder of 2026 and early 2027. Plans include the expansion of a Walmart Supercenter in Tucson, Ariz., as well as the opening of a Supercenter store in Celina, Texas. Earlier this year the retailer opened a new Walmart Supercenter in Eastvale, Calif., as well as three Supercenters and a Neighborhood Market in Florida. Remodeled stores will feature wider aisles and updated layouts; new display designs; expanded pickup and delivery capabilities; updated Vision Centers and pharmacies with private consultation rooms; new digital touchpoints; and refreshed interiors, signage, parking and landscaping. Stores operating under the Neighborhood Market format will also be updated with expanded deli and hot bar areas, enhanced lighting and fixtures, pharmacy delivery options and upgraded online order fulfillment areas. In early 2024, the retail giant announced a commitment to open or convert more than 150 new stores. Store openings in 2025 included locations in Alabama, California, Florida, New Jersey, Texas and Utah. According to the company, fiscal revenue for …
ALLEN, TEXAS — JLL has negotiated the sale of an 851,457-square-foot retail power center in Allen, a northeastern suburb of Dallas. The Village at Allen sits on an approximately 110-acre site and was 89 percent leased at the time of sale. Tenants include T.J. Maxx, HomeGoods, HomeSense and Sierra, all of which are part of the TJX family of companies, as well as Dick’s Sporting Goods, Ross Dress For Less, Best Buy, Nordstrom Rack, Ulta Beauty, Total Wine & More and Michaels. Chris Gerard, Barry Brown and Erin Lazarus of JLL represented the seller, a partnership between an affiliate of DLC Management Corp. and American Realty Advisors, in the transaction. The buyer was Sterling Organization, an investment firm based in South Florida.
VIRGINIA BEACH, VA. — An entity doing business as BIVI/Padel has acquired the former Beach Cinema Alehouse, a dine-in movie theater located at 941 Laskin Road in Virginia Beach, for $6.3 million. The buyers — a partnership between Jason Vickers-Smith and Ahmad Butt — plan to transform the property into an indoor padel facility, dubbed the Padel Foundry. The venue is targeted to open in early 2027. Gerald Divaris and Sezin Cortinas of Divaris Real Estate represented the seller, while Levi Thomson, also with Divaris Real Estate, represented the buyer.
OTSEGO, MINN. — Marcus & Millichap has brokered the $6.3 million sale of a childcare facility net leased to Everbrook Academy in Otsego, about 33 miles northwest of downtown Minneapolis. Built in 2025, the 11,758-square-foot property features a 15-year lease backed by Learning Care Group. Spencer Berkley, Mark Ruble, Chris Lind, Zack House and Jon Ruzicka of Marcus & Millichap represented the seller, a Minnesota-based limited liability company, and procured the buyer, a Delaware-based limited liability company.
WENTZVILLE, MO. — Missouri-based cannabis brand VIBE Cannabis is developing a flagship dispensary, VIBE City, at the final retail outlot at Grand Central at The Junction in Wentzville, a western suburb of St. Louis. Mia Rose Holdings is the developer for the Grand Central at The Junction mixed-use development. The project includes 180 luxury apartment units with a mix of retail, fitness and dining tenants, including Sugarfire and F45 Training, along with a Holiday Inn Express hotel. Additional retail space, formerly occupied by Brett Hull’s Junction House, is currently available for lease. The Wentzville location for VIBE will total 6,500 square feet and represent an estimated $7.5 million investment. The space will feature a drive-thru pickup window. The project team includes Layne Co. Construction, SE/Coady Architects, Premier Design Group, Crockett Engineering Consultants and Engenuity. Triad Bank provided financing. Construction is underway, with a target opening slated for September.