REYNOLDSBURG, OHIO — Matthews has arranged the sale of Broad Street Plaza East, a 55,946-square-foot retail center in Reynoldsburg near Columbus. Pierce Mayson, Kyle Stonis, Ben Snyder, Zack Bates and Boris Shilkrot of Matthews represented the seller, Garner Group. Matt Wallace served as broker of record. Positioned in the heart of the East Broad Street retail corridor, the property was 92 percent leased at the time of sale. Ross Dress for Less is the anchor tenant. Garner Group brought the asset to market as part of a capital recycling strategy after strengthening the rent roll through recent leasing activity. The undisclosed buyer plans to lease up the 4,209-square-foot vacancy.
BLOOMINGTON, ILL. — AXIS 360 Commercial Real Estate Specialists has brokered the $2.7 million sale of a retail building formerly occupied by Joann in Bloomington. The 21,828-square-foot property is located at 1719 E. Empire St. within Bloomington Commons. Meghan O’Neal-Rogozinski and Mike O’Neal of AXIS 360 represented the buyer, Matt Unkovich, who plans to redevelop the space with an Aqua Tots Swim School. In addition to the swim school, space remains available to lease within the building. Jacob Dell and Sean McCourt of CBRE marketed the property for sale.
MIAMI — Locally based Gazit Horizons has acquired Sunset West Shopping Center, a 73,072-square-foot neighborhood shopping center located at the intersection of Sunset Drive and S.W. 87th Avenue in Miami. The seller and sales price were not disclosed. Situated roughly two miles from Baptist Hospital of Miami, the fully leased center is home to a mix of tenants including Chicken Kitchen, Ole’s Jewelry Avenue, Subway, Chase Bank, The UPS Store, Integrum Medical Group, Arturito’s Pharmacy, Sunset Animal Clinic, Salvatore D. Fine Italian Cuisine, Moderna Smile and Sunset Bakery. A new Aldi grocery store is also expected to open this year at the property.
KATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy. The deals are with Olive Garden (7,825 square feet), Chase Bank (3,443 square feet) and Whataburger (3,305 square feet). David Meyers and Bob Conwell internally represented NewQuest in all lease negotiations. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial represented Whataburger, and James Namken and Kyle Knight of Weitzman represented Chase Bank.
CHESHIRE, CONN. — Whole Foods Market has debuted a 42,000-square-foot store in Cheshire, located roughly midway between Hartford and New Haven. The store features full-service meat and seafood counters, a bakery, prepared foods section, wellness and beauty section and a selection of more than 200 craft beers. A grand opening ceremony took place on Thursday, Feb. 5.
CHERRY HILL, N.J. — Club Studio Fitness will open a 30,240-square-foot gym in the Southern New Jersey community of Cherry Hill. The space is located within Ellisburg Shopping Center and will include training areas, a juice bar and recovery facilities. The opening is slated for spring 2027. Federal Realty Investment Trust owns Ellisburg Shopping Center, which is anchored by Whole Foods Market and Restoration Hardware Outlet.
MARQUETTE, IOWA — Bally’s Marquette has opened its new 31,280-square-foot gaming and entertainment destination in northeast Iowa. The $26.2 million project transformed the historic riverboat casino into a permanent landside facility at 100 Anti Monopoly St. The property features more than 400 slot machines and electronic table games, live blackjack and Ultimate Texas Hold ‘Em as well as a sportsbook. Dining and beverage concepts include 1994 Sports Bar, Sidecar Bar, Benchfront Coffee and Riverside Grill. The landside move created nearly 80 new jobs. Bally’s operates 19 casinos across 11 states.
BUCHANAN, MICH. — AutoZone has leased an 8,000-square-foot former Rite Aid store located at 715 E. Front St. in Buchanan within southwest Michigan. Construction is underway at the building. Joshua Jacobs of NAI Wisinski of West Michigan and Brandon Hanna of Encore Real Estate Investment Services represented the undisclosed landlord. Mike Murray of Advantage Commercial Real Estate represented the tenant, which operates more than 6,000 stores nationwide.
OWENS CROSS ROADS, ALA.— Franklin Street has negotiated the sale of Hampton Cove Shops, a 41,681-square-foot retail center located in Owens Cross Roads, approximately 15 miles southeast of Huntsville. Bryan Belk and John Tennant of Franklin Street represented the seller, Birmingham, Ala.-based Fairway Investments, in the transaction. Prudent Growth Partners purchased the property for $7.6 million. Built in 2008, Hampton Cove Shops was 96 percent leased at the time of sale to tenants including Dollar Tree, H&R Block, sports bar Jefferson’s, We Rock the Spectrum Kid’s Gym and ALFA Insurance.
FLOWERY BRANCH, GA. — The Taylor McMinn Retail Group, a retail investment sales team within Marcus & Millichap, has brokered the sale of a restaurant in Flowery Branch leased to 7 Brew, a drive-thru coffee concept based in Arkansas. Don McMinn and Andrew Koriwchak of Taylor McMinn represented the seller, a repeat developer for the 7 Brew chain, and the all-cash local buyer, in the transaction. Both parties requested anonymity. 7 Brew has 14 years remaining on its ground lease, which features rental increases in the initial term, as well as extension options. “This marks our second sale within the multi-parcel development in Flowery Branch,” says McMinn. “The property traded at 99 percent of the asking price after receiving an accepted offer within one week of listing. The transaction highlights the continued investor demand for lower rent and lower price-point assets, as well as the momentum behind the drive-thru coffee kiosk concept.”