Retail

Marcus & Millichap Brokers Sale of Metro Atlanta Restaurant Leased to Whataburger

by John Nelson February 26, 2026

FLOWERY BRANCH, GA. — The Taylor McMinn Retail Group of Marcus & Millichap has brokered the sale of a restaurant in Flowery Branch leased to Whataburger. The restaurant was built in 2024 and sold to a local buyer that purchased the property all-cash in a 1031 exchange. Don McMinn and Andrew Koriwchak of Taylor McMinn Retail Group represented the seller, a repeat developer for the Whataburger brand, in the deal. Both parties requested anonymity. Whataburger has 14 years remaining on its ground lease, which features rent increases in the initial term as well as extension options. “This marks our fourth new Whataburger closing in the Atlanta MSA over the past 12 months, and we are currently marketing an additional location in Buford, Ga.,” says McMinn. “Demand for well-located QSR [quick-service restaurant] assets remains strong as 1031 exchange and private capital continue to re-enter the net lease market. Capital targeting the QSR sector is driven by long-term leases, rent escalations and attractive drive-thru locations.”

February 26, 2026

Acquisitions California Retail Western

Camden Village Sells 118,187 SF Slatten Ranch Shopping Center in Antioch, California

by Amy Works February 26, 2026

ANTIOCH, CALIF. — Camden Village LLC has completed the disposition of Slatten Ranch Shopping Center, a community retail center in Antioch. Sterling Organization acquired the asset for an undisclosed price. Located at 5709-5759 and 5779-5789 Lone Tree Way, Slatten Ranch Shopping Center features 118,187 square feet of retail space. The property is shadow-anchored by Target. Eric Kathrein, Gleb Lvovich, Andrew Spangenberg and Allie Repaskey of JLL Capital Markets represented the seller in the transaction.

February 26, 2026

California Civic Development Mixed-Use Retail Western

Primestor Development, DLR Group Break Ground on The Walk Mixed-Use Project in Norwalk, California

by Amy Works February 26, 2026

NORWALK, CALIF. — Primestor Development and DLR Group have broken ground on The Walk, a community-serving mixed-use village in Norwalk. Located adjacent to Norwalk City Hall, The Walk will feature 89,000 square feet of retail buildings and public open space, including a network of interconnected plazas and pedestrian pathways. DLG Group is providing architectural and planning design services for the project, which is slated for completion in late 2027.

February 26, 2026

Acquisitions Illinois Midwest Retail

Greenstone Parters Brokers $5.6M Sale of Retail Property in Chicago’s Wicker Park

by Kristin Harlow February 26, 2026

CHICAGO — Greenstone Partners has brokered the $5.6 million sale of a retail and medical property located at 1455 N. Milwaukee Ave. in Chicago’s Wicker Park neighborhood. The urban infill asset sold for 98 percent of the list price to a New York-based buyer. The two-story property features 11,370 rentable square feet, roughly 125 feet of frontage along North Milwaukee Avenue and a private surface parking lot with 23 dedicated spaces. Barry’s Bootcamp occupies the ground floor. The upper level is leased to medical services provider Kindbody, formerly Vios Fertility Institute. Danny Spitz and Brewster Hague of Greenstone represented the seller, a Chicago-based investment and development company, and procured the buyer.

February 26, 2026

Leasing Activity Retail Texas

Lowe’s Opens 94,000 SF Store at Manvel Town Center in Metro Houston

by Taylor Williams February 25, 2026

MANVEL, TEXAS — Lowe’s Home Improvement has opened a 94,000-square-foot store in Manvel, a southern suburb of Houston. The store, which includes 30,000-square-foot garden and nursery and will ultimately employ about 100 people, is located within Weitzman’s 273-acre Manvel Town Center mixed-use development. James Namken, Kyle Knight and Emily Guenther represented Weitzman in the lease negotiations on an internal basis. Lowe’s was self-represented.

February 25, 2026

Acquisitions Development Retail Texas

Partnership Buys 6,000 SF Retail Building in Austin, Plans Redevelopment

by Taylor Williams February 25, 2026

AUSTIN, TEXAS — A partnership between two investment firms, Austin-based Fortum and Denver-based Quannah Partners, has purchased a roughly 6,000-square-foot retail building in Austin with plans to implement a redevelopment. According to LoopNet Inc., the building at 1612 S. Congress Ave., which is located just south of downtown, was originally constructed in 1935. Ownership plans to undertake both an adaptive reuse of the existing structure and an expansion to bring the building’s footprint to roughly 10,700 square feet.

February 25, 2026

Acquisitions New York Northeast Office Retail

Resolution Real Estate Arranges $9.4M Sale of Midtown Manhattan Office, Retail Building

by Taylor Williams February 25, 2026

NEW YORK CITY — Resolution Real Estate, a member of NAI Global, has arranged the $9.4 million sale of an 18,500-square-foot office and retail building in Midtown Manhattan. The seven-story building at 5 E. 47th St. was completed in 1920 and was vacant at the time of sale. Jonata Dayan and Jeffrey Zund of Resolution Real Estate represented the buyer, Liberty Bagels, which plans to occupy about half the space, in the transaction. David Schectman, Abbe Kassin and Lipa Lieberman of Meridian Capital Group represented the seller, private investor Walter Samuels.

February 25, 2026

Illinois Leasing Activity Midwest Office Restaurant Retail

Espiritu to Open 10,000 SF Restaurant at One East Wacker Office Building in Chicago

by Kristin Harlow February 25, 2026

CHICAGO — Fine dining restaurant and bar concept Espiritu has signed a lease to open a roughly 10,000-square-foot ground-floor space at One East Wacker, a Chicago office building owned by AmTrustRE. Espiritu comes from the restaurateurs behind Chicago Cut Steakhouse and Cerdito Muerto, Matt Moore and Emidio Oceguera. The dining concept blends classic Chicago dishes with a modern Mexican flair. In addition to 10,000 square feet of indoor space, the restaurant will include 2,200 square feet of adjoining outdoor patio area along Wacker Drive. Dana Moyles of Dana Moyles Real Estate Services represented Espiritu in the lease, while John Vance and Will Winter of Stone Real Estate represented the landlord. AmTrustRE has also secured three new office leases at the property, including Flight Centre Travel Group (USA) Inc., the Trade Commission of Spain in Chicago and the Consulate General of Bosnia and Herzegovina in Chicago. Signed to 7,216 square feet of office space on the 13th floor, Flight Centre Travel Group is one of the world’s largest global travel agencies. JLL’s Sarah Silva and Bess Cooney represented the tenant. The Trade Commission Office of Spain, of the Government of the Kingdom of Spain, will occupy 4,326 square feet on the …

February 25, 2026

Acquisitions Retail Texas

SRS Negotiates Sale of 15,502 SF Retail Strip Center in Northwest San Antonio

by Taylor Williams February 24, 2026

SAN ANTONIO — SRS Real Estate Partners has negotiated the sale of Alamo Ranch South, a 15,502-square-foot retail strip center in northwest San Antonio. Built in 2024, the center was fully leased at the time of sale to tenants such as The UPS Store, Five Guys and Club Pilates. Cathy Nabours, Kyle Shaffer and Sam Nichols of SRS represented the seller, a San Antonio-based developer, in the deal. The buyer was an El Paso-based private investor.

February 24, 2026

Development Florida Retail Southeast

Creative Contractors Begins $13.5M Restoration of 100-Year-Old Tampa Theatre

by John Nelson February 24, 2026

TAMPA, FLA. — Creative Contractors Inc. has begun the $13.5 million renovation and modernization of Tampa Theatre, a historic cinema in downtown Tampa that opened on Oct. 15, 1926. The Tampa Bay-area general contractor will make audiovisual enhancements to the theater, as well as upgrades across the property’s HVAC, electrical and mechanical systems, including the installation of a new elevator. Other enhancements will include a refreshed concessions area, new bathrooms, a new stage truss system and upgraded theatrical lighting to support live performances and film presentations. The second and third floors of the theater will also be renovated to include new rooms for education and archives. Creative will also bring in a specialty plaster restoration contractor to restore the main Duncan Auditorium to its original grandeur. On the exterior, Creative is refreshing the building’s signage with new paint and enhanced lighting. DLR Group designed the overhaul, which is set to wrap up in time to celebrate the theater’s centennial celebration.

February 24, 2026

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