Monday, May 11, 2026
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IllinoisLeasing ActivityMidwestRetail

Dick’s House of Sport to Join Rock Run Collection in Joliet, Illinois

by Kristin Harlow

JOLIET, ILL. — Dick’s House of Sport is slated to open at Rock Run Collection, a mixed-use development in Joliet. The City of Joliet approved a strategic investment to support the retailer’s addition to the property. Dick’s House of Sport is an interactive, experience-driven concept designed to engage athletes, families and the broader community. The store offers a climbing wall, multiple golf bays and multi-sport cages that can be used for baseball, softball and soccer. Rock Run Collection, developed by Cullinan Properties, is a 300-acre mixed-use project located at the intersection of I-55 and I-80.

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AcquisitionsMichiganMidwestRetail

Boulder Group Arranges $3.8M Sale of Walgreens-Occupied Retail Property in Metro Detroit

by Kristin Harlow

ROCHESTER HILLS, MICH. — The Boulder Group has arranged the $3.8 million sale of a single-tenant retail property net leased to Walgreens in Rochester Hills. Located at 2985 Crooks Road, the 14,820-square-foot building was constructed in 2005. Randy Blankstein, Jimmy Goodman and John Feeney of Boulder Group represented the seller, an East Coast-based investor. The buyer was a West Coast-based investor. The Walgreens lease expires on July 31, 2035. The tenant has operated at the location since 2005.

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Annapolis-Mall
AcquisitionsMarylandRetailSoutheastTop Stories

Centennial Sells 1.6 MSF Annapolis Mall to Macerich for $272M

by Hayden Spiess

ANNAPOLIS, MD. — Centennial, along with investment partners Kildare Partners and Atlas Hill Real Estate, has sold Annapolis Mall. Macerich (NYSE: MAC) acquired the 1.6 million-square-foot retail center for $260 million. The Santa Monica, Calif.-based REIT also purchased an adjacent, vacant parcel that was formerly occupied by Sears for an additional $12 million.  Centennial acquired Annapolis Mall, which is located roughly 30 miles east of Washington, D.C., in September 2024. Unibail-Rodamco-Westfield (URW) previously owned the property and reported the 2024 sales price as $160 million.  Originally opened in 1980, the mall comprises approximately 200 shops and restaurants. During Centennial’s ownership, more than 500,000 square feet of new leases and lease renewals were executed. New tenants at the property include Dick’s House of Sport, UNIQLO, Offline by Aerie, Tesla, Swarovski, Jack & Jones, Abercrombie & Fitch and Dave & Buster’s. Existing tenants Talbots and lululemon also expanded their footprint at the mall following Centennial’s acquisition.  According to Macerich, 353,000 square feet of signed-not-open (SNO) leases are expected to commence throughout the remainder of 2026 and 2027.  Macerich funded the acquisition with cash on hand and $150 million from its revolving line of credit. The acquisition excluded a space occupied by anchor store Macy’s, which …

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AcquisitionsOfficeRetailTexas

Town Lane, Gillon Property Acquire 460,000 SF Retail, Office Property in Allen, Texas

by Taylor Williams

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.

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Pecan-Plaza-Shops-Queen-Creek-AZ
AcquisitionsArizonaRetailWestern

Phoenix Commercial Advisors Negotiates Sale of 20,325 SF Pecan Plaza Shops in Queen Creek, Arizona

by Amy Works

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.

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DevelopmentMidwestMixed-UseOhioRetail

Cleveland Browns Break Ground on New Huntington Bank Field

by Kristin Harlow

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.   

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AcquisitionsNew JerseyNortheastRetail

CBRE Negotiates $8.2M Sale of Downtown Hoboken Retail Property

by Taylor Williams

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.

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AcquisitionsIllinoisMidwestRetail

Greenstone Partners Brokers $3.9M Sale of Retail Center in Skokie, Illinois

by Kristin Harlow

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.

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LoansNew YorkNortheastRetailTop Stories

JLL Arranges $150M Refinancing for Bay Terrace Shopping Center in Queens

by Kristin Harlow

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 …

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DevelopmentLeasing ActivityRetailSouth CarolinaSoutheast

TSCG Signs Sprouts Farmers Market to Anchor Columbia Shopping Center Redevelopment Project

by John Nelson

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. 

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