Retail

Hanley Investment Group Negotiates Sales of Four Indiana Retail Centers Totaling $30.5M

by Kristin Harlow January 27, 2026

FISHERS AND MCCORDSVILLE, IND. — Hanley Investment Group Real Estate Advisors has arranged the sales of four metro Indianapolis retail centers totaling nearly 83,000 square feet. The combined sales price was more than $30.5 million. Three of the centers — Brookschool Plaza, Sunblest Shoppes and Geist Corner — were owned by the same Indianapolis-based private investor. Thompson Thrift owned the fourth property, Geist Landing. Hanley Investment Group’s Dylan Mallory, in association with ParaSell Inc., represented the sellers. Charleston, S.C.-based Bond Street REIT purchased Brookschool Plaza in Fishers. Bryan Belk of Franklin Street represented the buyer. The 22,400-square-foot property, built in 2003, is fully occupied by Dunkin’, Sherwin-Williams, Ascension Medical Group, Travel Eye Care, Boutique Hair and Nails and Speck’s Pet Supply. Bond Street REIT also purchased Sunblest Shoppes in Fishers. Built in 1989, the 9,600-square-foot asset is fully occupied by Papa Murphy’s, Domino’s Pizza, Subway, H&R Block, Sunflower Spa, Armore’ Nails, Marian Coffee and The Mailing Station. A private investor based in Indianapolis purchased Geist Corner in McCordsville. The 19,248-square-foot strip center was built in 2006. Tenants include Goodfella’s Brick Oven Pizza & Pasta, Fit Body Boot Camp, Happy Cuisine, Subway, Huntington Learning Center, Papa John’s, Bella Nail & Spa …

January 27, 2026

Acquisitions Illinois Midwest Retail

Mid-America Brokers Sale of 144,555 SF Shoppes at College Hills in Central Illinois

by Kristin Harlow January 27, 2026

NORMAL, ILL. — Mid-America Real Estate Corp. has brokered the sale of Shoppes at College Hills, a 144,555-square-foot shopping center located at the southwest corner of Old Route 66 and East College Avenue in the central Illinois market of Bloomington-Normal. Anchored by Hobby Lobby, the property is 96 percent leased to tenants such as J.Crew Factory, Starbucks, JD Sports, Maurices, Buckle, Comcast, Dry Goods, Charles Schwab, Massage Envy, J. Jill, Bath & Body Works, Chico’s, Soma, WHBM and Crumbl Cookies. National brands comprise 90 percent of the center. Ben Wineman of Mid-America represented the seller, a joint venture between M&J Wilkow and ALTO Real Estate Funds. A private investment group was the buyer.

January 27, 2026

Colorado Features Hospitality Industrial Multifamily Office Retail Self-Storage Seniors Housing Western Western Feature Archive

Real Estate Industry Displays ‘Uneven Performance’ Heading Into 2026, Says IRR

by John Nelson January 27, 2026

DENVER — Integra Realty Resources (IRR), a commercial real estate valuation services firm based in Denver, has debuted Viewpoint 2026, the 33rd edition of the firm’s commercial real estate trends report. The publication concludes that the U.S. commercial real estate industry is currently experiencing a mixed bag of demand generators and property-level performance. “As we enter 2026, we see that the economic environment is becoming more stable, but growth is slower and visibility remains limited,” says Nick Luettke, economist at Moody’s Analytics. “Inflation has eased from recent peaks and interest rates have started to trend lower, however, borrowing costs remain elevated relative to prior cycles. With labor markets softening and policy uncertainty still at play, economic conditions are supportive in some areas but restrictive in others, contributing to uneven performance across the U.S. commercial real estate market.” IRR partnered with Luettke for the macro-economic trends within the report and sought contributions from nearly 600 valuation advisors in the United States and Caribbean. The report delivers sector-specific insights along with three specialty property reports on healthcare and seniors housing, quick-service restaurants and self-storage. Some key findings and forecasts from the main report include: the sustained poor fundamentals within the highly fragmented office …

January 27, 2026

Illinois Loans Midwest Retail

NewMark Merrill Receives $36M Loan for Refinancing of Shopping Center in Melrose Park, Illinois

by Kristin Harlow January 26, 2026

MELROSE PARK, ILL. — NewMark Merrill has received a $36 million loan for the refinancing of Winston Plaza, a shopping center in Melrose Park. NewMark Merrill acquired the property in 2008 and completed an extensive remodeling and repositioning. Since the end of COVID, the center has received more than 100,000 square feet of new merchants, including a Cermak grocery store, Ross Dress for Less, Burlington, JD Sports, Sistar Beauty and an expanded Five Below store. Kostas Kavayiotidis of Pacific Southwest Realty and Bryan Gortikov of Gortikov Capital arranged the refinancing loan with Wells Fargo for long-term debt from Mutual of Omaha. Sandra Kist and Josh Ginsborg represented NewMark Merrill on an internal basis.

January 26, 2026

Acquisitions Midwest Missouri Retail

Marcus & Millichap Arranges $4.4M Sale of Maverik Gas Station Property in Springfield, Missouri

by Kristin Harlow January 26, 2026

SPRINGFIELD, MO. — Marcus & Millichap has arranged the $4.4 million sale of a net-leased Maverik gas station property in Springfield. The 6,203-square-foot asset is situated on a 2-acre lot at 2704 S. Campbell Ave. The property was built in 2016 and recently remodeled following Maverik’s 2023 acquisition of Kum & Go. There are 10.8 years remaining on the primary lease term. Jackson Harris, Chris Lind, Mark Ruble, Zack House and David Saverin of Marcus & Millichap procured the buyer, a California-based limited liability company.

January 26, 2026

Development Hospitality Retail Texas

Venu to Open $150M Amphitheater at Flyway District in Webster, Texas

by Taylor Williams January 26, 2026

WEBSTER, TEXAS — Venu, a hospitality and entertainment owner-operator based in Colorado, has signed a letter of intent to open a 12,500-seat amphitheater in Webster, a southeastern suburb of Houston. According to local media sources, including Community Impact Newspaper and CultureMap Houston, the project is valued at $150 million. Known as Sunset Amphitheater Houston and spanning 34 acres, the venue will be located within Flyway, an 80-acre entertainment district that is anchored by Great Wolf Lodge. Former Dallas Cowboys quarterback Troy Aikman is a partner on the project via the Aikman Club, a 350-seat, membership-based elevated space that will be located at the center of the venue. A construction timeline was not announced.

January 26, 2026

Acquisitions Healthcare New York Northeast Retail

Intercontinental Sells 127,496 SF Healthcare, Retail Building in Garden City, New York

by Taylor Williams January 26, 2026

GARDEN CITY, N.Y. — Intercontinental Real Estate Corp. has sold a 127,496-square-foot healthcare and retail building in Garden City, located on Long Island. The site spans 2.3 acres at 1300 Franklin Ave., and the building was originally constructed in the 1960s and renovated in 2007. Jose Cruz, Jeremy Neuer and David Leviton of JLL represented Intercontinental in the transaction. The buyer and sales price were not disclosed. The building was 78.5 percent leased at the time of sale.

January 26, 2026

Acquisitions Kentucky Retail Southeast

SRS Negotiates Sale-Leaseback of Newly Redeveloped Retail Property in Louisville Leased to Taco Bell

by Abby Cox January 26, 2026

LOUISVILLE, KY. — SRS Real Estate Partners has negotiated the sale-leaseback of a newly redeveloped, single-tenant retail property located at 3459 Taylor Blvd. in Louisville, less than a mile from the famous Churchill Downs horse racetrack. Taco Bell occupies the 3,250-square-foot building on a 20-year, triple-net lease. Sarah Shanks and Morgan Zant of SRS Real Estate Partners represented the seller, Southpaw, a Connecticut-based Taco Bell franchisee that redeveloped a vacant quick-service restaurant building that was on the site. The buyer was a California-based private investor. The sales price was not disclosed.

January 26, 2026

Acquisitions New Jersey Northeast Retail

JLL Brokers $27.9M Sale of Retail Portfolio in Mount Olive, New Jersey

by Taylor Williams January 23, 2026

MOUNT OLIVE, N.J. — JLL has brokered the $27.9 million sale of a portfolio of net-leased retail properties totaling 167,532 square feet in Mount Olive, about 45 miles west of New York City. Known as The Gardens Portfolio, the collection spans eight properties across seven pad sites totaling 32,493 square feet and a Lowe’s Home Improvement store that totals 135,039 square feet. Other tenants include Applebee’s, LongHorn Steakhouse, Panera Bread, Wells Fargo, McDonald’s, Wendy’s, Panda Express and Chipotle. Kevin O’Hearn, Jose Cruz and J.B. Bruno of JLL represented the seller, Rivani, in the transaction.

January 23, 2026

Acquisitions California Retail Western

West Hive Capital Sells Western Plaza Retail Center in Southern California for $24.5M

by Amy Works January 23, 2026

RANCHO PALOS VERDES, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $24.5 million sale of Western Plaza, a 28,190-square-foot neighborhood retail center located in Rancho Palos Verdes. Jeff Lefko of Hanley Investment Group represented the seller, West Hive Capital, in the transaction. Sheila Alimadadian of Marcus & Millichap represented the buyer, Aria Investments. After acquiring Western Plaza in 2024 for $8 million, West Hive Capital completed a full-scale redevelopment of the property. Renovations featured a complete exterior façade modernization, upgraded building systems, parking lot enhancements, an improved tenant mix and the addition of a 4,000-square-foot outdoor dining plaza. Current retailers and restaurants at the center include O’Reilly Auto Parts, The Habit Burger Grill, Urbane Café, Mattress Firm, Pacific Dental, Piccinni Italian, Alibaba Mediterranean, Pure Bean Coffee and Koi Ramen.

January 23, 2026

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