Retail

Detroit City Football Club Unveils Name, Renderings for New Soccer Stadium

by Kristin Harlow August 12, 2025

DETROIT — The new home of Detroit City Football Club (DCFC), set to open in southwest Detroit for the 2027 USL Championship season, will be known as AlumniFi Field. AlumniFi will also serve as the club’s exclusive financial partner. Sports Revenue Advisors and M3 Group brokered the multi-year agreement. Pending public approvals, construction on the field is scheduled to begin in late 2025. The soccer-specific stadium will be Detroit’s only privately owned and financed professional sports stadium and will seat 15,000. HOK designed the project. AlumniFi is a digital financial platform created by MSU Federal Credit Union.

August 12, 2025

Leasing Activity Retail Texas

USA Beauty Superstore to Open 29,128 SF Store at Woodmont Plaza in Fort Worth

by Taylor Williams August 11, 2025

FORT WORTH, TEXAS — USA Beauty Superstore will open a 29,128-square-foot store in Fort Worth. The cosmetics retailer will backfill a former Big Lots store at Woodmont Plaza, a 65,241-square-foot shopping center located on the city’s south side. Bryan Dyer of local brokerage firm The Woodmont Co, represented the undisclosed landlord in the lease negotiations. John Lee of Landmark Realty Group represented USA Beauty Superstore. The opening is scheduled for December.

August 11, 2025

Acquisitions California Net Lease Restaurant Retail Western

SRS Real Estate Partners Brokers Sales of Three Starbucks-Occupied Properties in California Totaling $10M

by Amy Works August 11, 2025

CATHEDRAL CITY, TEMECULA AND REDDING, CALIF. — SRS Real Estate Partners has arranged the sales of three restaurant properties totaling $10 million. Starbucks Coffee occupies the three newly constructed properties, which include drive-thrus, under long-term, corporate-guaranteed triple-net leases. The sales include: – A 1,900-square-foot property at the southwest corner of Highway 111 and Date Palm Drive in Cathedral City. A Northern California-based private investor acquired the asset from a Newport Beach, Calif.-based retail and restaurant development company for $3.7 million. Alexander Moore of SRS Capital Markets represented the buyer in the deal. – A 3,600-square-foot property at 27425 Ynez Road in Temecula. A West Coast-based developer sold the property to a California-based private investor for $3.6 million. Pat Kent and Parker Walter of SRS Capital Markets brokered the sale. – A 2,055-square-foot building at 3045 Shasta View Drive in Redding that sold for $2.7 million. Alexander Moore of SRS Capital Markets represented the seller, a California-based private investor, and the buyer, a Northern California-based private investor.

August 11, 2025

Acquisitions California Development Restaurant Retail Western

Hanley Investment Group Arranges $2.8M Sale of Dutch Bros-Leased Retail Property in Riverside, California

by Amy Works August 11, 2025

RIVERSIDE, CALIF. — Hanley Investment Group Real Estate Advisors has brokered the sale of a single-tenant retail property located at 4990 Van Buren Blvd. in Riverside. Portland, Ore.-based developers Zach Bonsall and Braden Bernards of Cole Valley Partners sold the asset to a Long Beach, Calif.-based private investor for $2.8 million. Dutch Bros Coffee will occupy the 1,025-square-foot drive-thru building, which is currently under construction, on a 15-year absolute triple-net ground lease with 10 percent rental increases every five years. An opening date has not been announced for the location. Bill Asher and Jeff Lefko of Hanley Investment Group represented the seller, while Mark Troughton of Whittier, Calif.-based Mark Troughton Real Estate represented the buyer in the deal.

August 11, 2025

Development Georgia Retail Southeast

Life Time Opens Ninth Athletic Club in Atlanta at Concourse Office Campus

by Abby Cox August 11, 2025

SANDY SPRINGS, GA. — Life Time, a leading healthy lifestyle fitness brand, has opened its ninth athletic club in Atlanta in the northern suburb of Sandy Springs. Situated between the “King and Queen” office towers along the confluence of I-285 and Ga. Highway 400, Life Time Perimeter transformed the former Concourse Athletic Club into a three-story, 79,000-square-foot facility. The multimillion-dollar renovation includes eight outdoor pickleball courts, five tennis courts and a beach club-style swimming pool area. Other facilities include an expansive fitness floor with cardio equipment, resistance machines and free weights, as well as a recovery space that features water massage and cold therapy chairs. The club also offers more than 100 classes weekly, including barre, yoga and Pilates, a LifeCafe and a Kids Academy. Life Time Perimeter joins other area athletic clubs in the Atlanta submarket including Alpharetta, Sugarloaf, Johns Creek, Woodstock, Peachtree Corners, Buckhead and North Druid Hills, which opened in December 2024.

August 11, 2025

Acquisitions Development Kansas Midwest Restaurant Retail

Block & Co. Sells Two Retail Buildings in Suburban Kansas City Slated for Redevelopment

by Kristin Harlow August 11, 2025

MERRIAM, KAN. — Block & Co. Inc. Realtors has sold a Chipotle-occupied restaurant property and a Shell convenience store building in Merriam, a southwest suburb of Kansas City. The assets are located on the northeast quadrant of I-35 and Shawnee Mission Parkway. The two buildings were both managed and sold by a Block & Co.-headed investment group to a buyer affiliated with Drake Development to be part of a larger redevelopment project on the north side of Shawnee Mission Parkway. David Block represented the seller.

August 11, 2025

Arizona Development Leasing Activity Mixed-Use Multifamily Restaurant Retail Top Stories Western

Partnership Receives Final Approval for $1B Mixed-Use Development in Gilbert, Arizona

by Abby Cox August 8, 2025

GILBERT, ARIZ. — A partnership between Las Vegas-based IndiCap, Salt Lake City-based Colmena Group and locally based Langley Properties has received final entitlement approval from the Town of Gilbert’s Planning Commission to begin construction for The Ranch, a proposed $1 billion mixed-use development in Gilbert. Situated near the Phoenix-Mesa Gateway Airport and Arizona State University’s Polytechnic Campus, The Ranch will span more than 295 acres and is anticipated to become Gilbert’s largest mixed-use development to date, according to the development team. The project is also expected to create roughly 6,000 jobs during construction. “This entitlement approval marks a turning point not just for The Ranch, but for Gilbert as a whole,” says Todd Ostransky, vice president of regional development at IndiCap. “This development is designed to meet the evolving needs of businesses and residents while driving sustainable economic growth in the region.” Upon full build-out of the multi-phase project, The Ranch will include a 221-acre light industrial component totaling 3 million square feet, 34 acres of retail space and 729 multifamily units across three communities. Steve Larsen of JLL is managing leasing efforts for the industrial portion of the project. Phase I of The Ranch — which is set to break ground in the fall …

August 8, 2025

Acquisitions Florida Retail Southeast

Joint Venture Acquires Disston Plaza Shopping Center in St. Petersburg, Florida for $31.4M

by Abby Cox August 8, 2025

ST. PETERSBURG, FLA. — A joint venture between AEW Capital Management, Mack Real Estate Group (MREG) and Soundwater Properties (SWP) has acquired Disston Plaza, a 129,150-square-foot shopping center located in St. Petersburg. The sales price was $31.4 million, according to the Tampa Bay Business Journal. This transaction marks the second acquisition for the newly formed joint venture, which targets grocery-anchored retail centers in East Coast markets with purchase prices between $10 million and $50 million. Danny Finkle and Jorge Portela of JLL represented the undisclosed seller in the transaction. Publix anchors Disston Plaza, which features a mix of additional tenants including Bealls Outlet, Dollar Tree, Pet Supermarket and The UPS Store. Built in 1954, the center sits on roughly 12 acres.

August 8, 2025

Alabama Development Loans Retail Southeast

Forman Capital Provides $20M Construction Loan for Redevelopment, Completion of Retail Travel Center Near Mobile, Alabama

by Abby Cox August 8, 2025

ROBERTSDALE, ALA. — Forman Capital has provided a $20 million construction bridge loan to LV Petroleum, the largest owner and operator of TA Travel Center franchises in the United States, for the redevelopment and completion of a retail travel plaza at 27801 County Road 64 in Robertsdale. Formerly the Oasis Travel Center, the property has already been converted into a TA Travel Center with all facilities operating, except for diesel fuel sales. Situated about 27 miles east of Mobile, the 51-acre site features 26,797 square feet of retail space, including Subway and Sbarro restaurants, eight gas pumps, five diesel pumps, four diesel emission fluid pumps and parking for 100 vehicles and 220 semi-trucks. Brett Forman, Ben Jacobson, Scott Mehlman, Ty Regnier and Cam Fleury of Forman Capital internally represented the firm in the transaction. LV Petroleum operates more than 40 convenience stores and travel centers throughout the country.

August 8, 2025

Acquisitions Nevada Retail Western

JLL Negotiates $46.4M Sale of Paradise Esplanade Retail Center Near Las Vegas

by Amy Works August 8, 2025

PARADISE, NEV. — JLL Capital Markets has arranged the $46.4 million sale of Paradise Esplanade, a 58,727-square-foot neighborhood shopping center located in Paradise, roughly 11 miles south of the Las Vegas Strip and adjacent to the University of Nevada-Las Vegas. CVS Pharmacy and Ferraro’s Italian Restaurant & Wine Bar anchor the two-building property, which was 89 percent leased at the time of sale. Daniel Tyner and Gleb Lvovich of JLL’s Investment Sales and Advisory team represented the private seller in the transaction. The buyer was a Los Angeles-based private family office.

August 8, 2025

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