Monday, March 23, 2026
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AcquisitionsIllinoisMidwestRetail

NewMark Merrill Acquires 179,106 SF Lake Meadows Shopping Center in Chicago

by Kristin Harlow

CHICAGO — NewMark Merrill Cos. Inc. has acquired Lake Meadows Shopping Center, a 179,106-square-foot property in Chicago. Draper and Kramer Inc. was the seller. Anchor tenants include Jewel-Osco, LA Fitness, Foot Locker, CVS Pharmacy and Citi Trends. NewMark Merrill now owns or operates eight properties in the Chicago area representing more than 1.6 million square feet and a combined asset value of over $300 million. The company plans to upgrade Lake Meadows with improvements to signage, lighting and gathering spaces. Sandy Sigal, Jim Patton, Brad Pearl, Sandra Kist, Susan Rorison and Matt Gugliciello represented NewMark Merrill on an internal basis. Michael Nieder, Brian Page and John Dettlaff of JLL represented the seller. Lake Meadows was 85 percent leased at the time of sale.

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DevelopmentIndustrialMidwestRetail

Principle Construction Completes 4,000 SF Circle K Fleet Convenience Store in Suburban Chicago

by Kristin Harlow

WEST DUNDEE, ILL. — Principle Construction has completed a 4,000-square-foot flagship Circle K fleet convenience store at 70 Airport Road in West Dundee, a far northwest Chicago suburb. The store is part of a 56-acre redevelopment project on I-90 at Route 31. Principle installed eight dual-sided fuel dispensers for cars and four dual-sided and two single-sided fuel dispensers for trucks on the building’s exterior. Inside is a 354-square-foot cooler for soda, water, energy drinks and beer. The team built a 52-square-foot freezer for ice cream and pizza. A hot dog island holds condiment dispensers, a soda fountain and coffee station. The redevelopment includes a 1,006-space secured truck parking facility, a comprehensive truck repair and maintenance facility, truck wash, quick-service restaurant and office space for trucking and logistics companies. Gleason Architects designed the space. An affiliate of Speedwagon Capital owns the building.

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ConnecticutLoansNortheastRetail

HKS Real Estate Arranges $7.9M Acquisition Loan for Connecticut Shopping Center

by Taylor Williams

MILFORD, CONN. — New York City-based HKS Real Estate Advisors has arranged a $7.9 million acquisition loan for a 105,481-square-foot shopping center in the southern coastal Connecticut city of Milford. The center sits on a 22-acre site and was 44 percent leased at the time of sale. Andrew Pilchick and Alex Dobosh of HKS arranged the debt through 360 Capital Funding on behalf of the borrower, Constitution Credit, which plans to implement a value-add program.

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Leasing ActivityNew YorkNortheastRetail

Dumbo Market Opens 13,500 SF Grocery Store in Queens

by Taylor Williams

NEW YORK CITY — Dumbo Market has opened a 13,500-square-foot grocery store in Queens. The store is located within Jasper, a 499-unit apartment community in the borough’s Long Island City neighborhood that features 33,000 square feet of retail space. A partnership between The Domain Cos., LMXD and Bridge Investment Group Holdings LLC owns Jasper.

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AcquisitionsKentuckyRetailSoutheast

Cushman & Wakefield | Commercial Kentucky Arranges Sale of 289,937 SF Shopping Center in Louisville

by John Nelson

LOUISVILLE, KY. — Cushman & Wakefield | Commercial Kentucky has arranged the sale of Indian Trail Square, a 289,937-square-foot shopping center located at 5733 Preston Highway in Louisville. The property’s tenant roster includes Save A Lot, Dollar Tree, Ollie’s Bargain Outlet and Citi Trends. Lexington, Ky.-based BC Wood Properties sold the 30-acre property to an undisclosed buyer. The sales price was also not disclosed. Craig Collins and Austin English of Cushman & Wakefield | Commercial Kentucky, along with Evan Halkias, Hank Davis and David Matheis of Cushman & Wakefield, represented the seller in the transaction.

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AlabamaDevelopmentHospitalityMixed-UseRetailSoutheast

RCP Unveils Plans for $300M Mixed-Use Expansion at MidCity District in Huntsville

by John Nelson

HUNTSVILLE, ALA. — RCP Cos. has unveiled plans for MidCity Arts + Innovation, a 12-acre development within the larger $2.2 billion MidCity District in downtown Huntsville. The project represents a $300 million investment and will expand the development’s master plan by three city blocks along Sanderson Road. MidCity Arts + Innovation will be anchored by MidCity Live, a 3,000-seat indoor music venue jointly designed by Matheny Goldmon Architects and Urban Design Associates. RCP will name an operating partner for the venue in early 2026. MidCity Live will join The Orion Amphitheater, an existing 8,000-seat music venue within MidCity District. Other components of the expansion will include a new location for The Camp, an outdoor venue and community gathering space; two hotels, including a 200-room, music-branded hotel; a tech-centric office campus developed by the Apollo Coalition nonprofit; and approximately 60,000 square feet of new retail and entertainment space.

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LoansRetailTexas

Gantry Arranges $10M Loan for Refinancing of Irving Shopping Center

by Taylor Williams

IRVING, TEXAS — Gantry, a commercial mortgage banking firm based in San Francisco, has arranged a $10 million loan for the refinancing of Metroplex Plaza, a 105,000-square-foot shopping center in Irving. The center recently underwent a repositioning that introduced a new grocery anchor. Mark Ritchie and Austin Ridge of Gantry originated the 10-year, fixed-rate loan. The names of the direct lender and borrower were not disclosed.

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DevelopmentRetailTexas

Topgolf Opens 35,000 SF Entertainment Venue in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Topgolf has opened a 35,000-square-foot venue in New Braunfels, a northeastern suburb of San Antonio. The two-story facility is located within the 400-acre New Braunfels Town Center at Creekside master-planned development and features 62 climate-controlled hitting bays in addition to a full bar and restaurant. The venue is the 100th in the country for the Dallas-based sports entertainment company.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $7.3M Sale of Retail Strip Center in Rutherford, New Jersey

by Taylor Williams

RUTHERFORD, N.J. — Marcus & Millichap has brokered the $7.3 million sale of a 21,897-square-foot retail strip center in the Northern New Jersey community of Rutherford. The property at 308–314 Union Ave. was originally built in 1925 and most recently renovated in 2019. Tenants include Dunkin’, Kiddie Academy, Three Star News Stand, Next Big Coder, Master Park’s and Laundry Guy’s. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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CaliforniaLoansMixed-UseOfficeRestaurantRetailWestern

CBRE Arranges $57.6M Refinancing for First Street Napa Mixed-Use Property in California

by Amy Works

NAPA, CALIF. — CBRE has arranged $57.6 million in refinancing for First Street Napa, a Class A mixed-use property in downtown Napa. Brad Zampa and Mike Walker of CBRE’s Debt and Structured Finance team in San Francisco secured the five-year, nonrecourse floating-rate loan from an East Coast-based debt fund on behalf of NTC Shops LLC. Located at 1300 First St., the property features 162,000 square feet of retail, dining, tasting rooms and office space across six buildings. The asset is currently 90 percent leased to a variety of tenants, including Lululemon, Free People, Hestan and Silicon Valley Bank.

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