Retail

CBRE Negotiates $76.5M Sale of Shopping Center in Chappaqua, New York

by Taylor Williams January 19, 2026

CHAPPAQUA, N.Y. — CBRE has negotiated the $76.5 million sale of Chappaqua Crossing, a 120,986-square-foot shopping center located in New York’s Westchester County that is part of the redevelopment of the 114-acre former Reader’s Digest headquarters campus. Tenants at the center include anchors Whole Foods Market and Life Time Fitness, as well as Starbucks and Chase Bank. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Heitman, in the transaction and procured Barings as the buyer.

January 19, 2026

Acquisitions Retail Washington Western

L&B Realty Advisors Divests of 67,578 SF Retail Building in Downtown Seattle

by Amy Works January 19, 2026

SEATTLE — L&B Realty Advisors has completed the $8 million disposition of a retail building located at 601 Pine St. in downtown Seattle. Dino Christophilis and Daniel Tibeau of CBRE represented the seller in the deal. Situated on 0.35 acres of land, the 67,578-square-foot property is located a block away from Westlake Center and in the core of Seattle’s central business district. The undisclosed buyer plans to renovate the four-story property in preparation of new retailers, according to CBRE.

January 19, 2026

Acquisitions Arizona Net Lease Retail Western

Cushman & Wakefield Arranges $3.2M Sale of Dollar Tree-Occupied Retail Property in Glendale, Arizona

by Amy Works January 19, 2026

GLENDALE, ARIZ. — Cushman & Wakefield has brokered the sale of a single-tenant retail property located at 6773 W. Bell Road in Glendale. WM Grace Cos. sold the asset to Teakwood Norman LLC for $3.2 million. Dollar Tree occupies the 12,064-square-foot property, which was built in 2002, under a net-lease structure. Chris Hollenbeck and Shane Carter of Cushman & Wakefield represented the seller in the transaction.

January 19, 2026

Acquisitions Northeast Pennsylvania Retail

Marcus & Millichap Brokers $7.4M Sale of Metro Philadelphia Retail Property

by Taylor Williams January 19, 2026

PHOENIXVILLE, PA. — Marcus & Millichap has brokered the $7.4 million sale of Phoenixville Shopping Center, a 33,093-square-foot retail property located roughly 28 miles northwest of Philadelphia. Built in 2007, the center was fully leased at the time of sale to tenants such as Fresenius Kidney Care, Labcorp, NovaCare Rehabilitation, State Farm and Benchmark Federal Credit Union. Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the seller, a private investor based in Pennsylvania, in the deal.

January 19, 2026

Acquisitions Maryland Retail Southeast

Mackenzie Brokers $57.5M Sale of Normandy Shopping Center Near Baltimore

by Abby Cox January 19, 2026

ELLICOTT CITY, MD. — Mackenzie Commercial Real Estate Services has brokered the $57.5 million sale of Normandy Shopping Center, a 185,000-square-foot shopping center located in Ellicott city, roughly 13 miles outside Baltimore. Owen Rouse and Tom Green of MacKenzie represented the seller, an entity doing business as Normandy Venture LP, and procured the buyer, Normandy National Pike LLC. Normandy National Pike is owned by the Singh family in Ellicott City. The five-building shopping center has been owned by the Moxley family since 1961, according to the Baltimore Business Journal. Normandy Shopping Center, which spans three separate parcels on a 25-acre site, houses more than 45 tenants, including Planet Fitness, Triveni Supermarket, Pinebrook Montessori Daycare, Bank of America, High’s Dairy Store and Kelsey’s Restaurant. Additional tenants at the center include Safesplash Swim School, Uptown Cheapskate and J&J Sew N Vac. The property also features a nearly 6-acre, undeveloped lot to allow for future expansion.

January 19, 2026

Acquisitions Development Georgia Retail Southeast

Ardent Buys 360,000 SF Perimeter Pointe in Metro Atlanta, Plans Mixed-Use Redevelopment

by Abby Cox January 16, 2026

SANDY SPRINGS, GA. — The Ardent Cos. has acquired Perimeter Pointe, a 360,000-square-foot retail property located in Atlanta’s Central Perimeter submarket of Sandy Springs. The locally based owner plans to transform the property into a mixed-use development. Renovations will include the prioritization of walkability and accessibility, an improved tenant lineup, the lease-up of vacant space and remerchandising the existing tenant mix. The redevelopment will also feature the addition of a multifamily component to the property. Current tenants at Perimeter Pointe include Five Below, Office Depot, Dick’s Sporting Goods and HomeGoods. Located at the corner of Mount Vernon Highway and Abernathy Road, the shopping center features immediate proximity to Ga. Highway 400 and onsite connection to the Sandy Springs MARTA station.

January 16, 2026

Acquisitions Georgia Mixed-Use Retail Southeast

Matthews Negotiates Sale of 24,674 SF Retail Center in Alpharetta, Georgia

by Abby Cox January 16, 2026

ALPHARETTA, GA. — Matthews has negotiated the sale of the final retail parcel at East Village, a recently completed, 268,000-square-foot mixed-use redevelopment located in Alpharetta, a northern suburb of Atlanta. Jeff Enck, Pierce Mayson, Kyle Stonis and Boris Shilkrot of Matthews represented the seller, The Ardent Cos., in the transaction. The buyer was not disclosed. Situated at the entrance of the East Village mixed-used development, the 24,674-square-foot retail center features a mix of tenants such as Panda Express, Palm Beach Tan, Dollar Tree and Sally Beauty, as well as two outparcel pads. The property was fully leased at the time of sale. East Village comprises a 336-unit luxury apartment community, a 74-unit townhome rental community and 75,000 square feet of retail space, including the acquired center.

January 16, 2026

The-Oaks-of-District-West-Richmond-Texas

Development Retail Texas

Forman Capital Provides $37M Construction Loan for Metro Houston Retail Project

by Taylor Williams January 16, 2026

RICHMOND, TEXAS — Forman Capital, a direct lender based in Florida, has provided a $37 million construction loan for The Oaks of District West, an 87,244-square-foot retail project in the southwestern Houston suburb of Richmond. Developed by Ferguson Family Partners, The Oaks of District West will consist of 10 buildings that are 70 percent preleased, as well as central green space. Tenants that have committed to the project include pickleball concept The PICKLR, Grazia Italian Kitchen, Luckie’s Burger, Pacific Coast Tacos, Virtual Golf Bar and Pecan Jack’s Ice Cream. Daniel Eidson of Concord Summit Capital arranged the debt. Construction is set to begin in the coming weeks and is expected to be complete by mid- to late 2027.

January 16, 2026

Development Retail Texas

NewQuest Breaks Ground on 87,502 SF Retail Project in Richmond, Texas

by Taylor Williams January 16, 2026

RICHMOND, TEXAS — Local developer NewQuest has broken ground on an 87,502-square-foot retail project in Richmond, a southwestern suburb of Houston. The project is an expansion of The Grand at Aliana, a 650,000-square-foot retail power center, and the new space is preleased to Dick’s Sporting Goods (60,249 square feet) and Havertys Furniture (27,253 square feet). Both stores are expected to open before the end of the year. Matt Reed and Greg Bracchi of SHOP Cos. represented Dick’s Sporting Goods in the lease negotiations. Mark Reeder, Ed Heap, Jonathan Probst and Ryan Johnson of SRS Real Estate Partners represented Havertys. Josh Friedlander internally represented NewQuest in both sets of lease negotiations and partnered with the firm’s David Meyers on the Havertys deal.

January 16, 2026

Acquisitions New Jersey Northeast Retail

CBRE Brokers Sale of 760,765 SF Retail Power Center in Princeton

by Taylor Williams January 16, 2026

PRINCETON, N.J. — CBRE has brokered the sale of Nassau Park Pavilion, a 760,765-square-foot retail power center in Princeton. Grocer Wegmans anchors the center, which is also home to tenants such as Target, Home Depot, Five Below, Floor & Décor, Just Salad, Bluestone Lane and Mezeh. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, SITE Centers Corp., in the transaction. The buyer was Bridge 33 Capital, an investment firm with offices in Chicago, Seattle and Las Vegas. The sales price was not disclosed.

January 16, 2026

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