Monday, June 1, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Retail

AcquisitionsRetailSoutheastTennessee

Matthews Negotiates Sale of 10,031 SF Retail Center in Clarksville, Tennessee

by John Nelson

CLARKSVILLE, TENN. — Matthews has negotiated the sale of Shops of Wilma Rudolph, a 10,031-square-foot, unanchored retail center located at 3031 Wilma Rudolph Blvd. in Clarksville, about 46 miles northwest of Nashville via I-24. A private investor based in north Alabama purchased the center from the seller, a development firm based in Tennessee, in a 1031 exchange for more than $5 million. Both parties requested anonymity. Hutt Cooke and Robert Tate of Matthews represented the seller in the transaction. Shops of Wilma was fully leased at the time of sale to Sleep Number, FedEx Office and a U.S. Army Recruiting Station, all of which operate on triple-net leases.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsCaliforniaFloridaRetailSoutheastTexasTop StoriesVirginiaWestern

Bain Capital, 11North Acquire Five Open-Air Retail Centers Across Four States for $300M

by Kristin Harlow

BOSTON AND NEW YORK CITY — A joint venture between Bain Capital and 11North Partners has acquired five open-air retail centers for approximately $300 million. The properties total roughly 757,000 square feet and are located in Carlsbad, Calif.; Falls Church, Va.; Altamonte Springs, Fla.; and Sugar Land, Texas. The seller was not disclosed. Anchor tenants of the portfolio include Harris Teeter, Trader Joe’s, Walmart, Costco and Equinox, with sales from those anchor stores exceeding $900 per square foot. The portfolio, which was more than 93 percent occupied at the time of sale, also features a mix of food, fitness, medical, service and other necessity-based tenants. “Open-air, grocery-anchored retail continues to demonstrate some of the most compelling risk-adjusted fundamentals in the real estate landscape,” says Brian Harper, founder and managing partner of New York City-based 11North. “These assets align squarely with our strategy of building a portfolio of institutional-quality, open-air centers, anchored by best-in-class necessity and lifestyle tenants that serve as cornerstones of their communities,” adds Martha Kelley, a managing director at Boston-based Bain. The acquisition follows Bain and 11North’s recent capital raise of $1.6 billion that is dedicated to investing in open-air retail throughout the co-owned, 11North platform. Together with …

Continue Reading
FacebookTwitterLinkedinEmail
Harper's-Preserve-Houston
Market ReportsRetailTexasTexas Market Reports

Texas Retail Brokers Adjust To New Realities

by Taylor Williams

By Taylor Williams There’s nothing free in this world, not even a full-blown, multi-year resurgence in brick-and-mortar retail real estate.  The ferocious revival of physical retail in the post-COVID era, headlined by fewer national bankruptcies, record rental and occupancy rates and renewed investor interest, has slowly but surely been stymied and hamstrung by macroeconomics. Despite real ingenuity and entrepreneurship among today’s operators, the business of leasing retail space in high-growth markets remains fraught with potential deal-killers that go beyond supply-demand dynamics that are favorable to landlords.  For Texas retail brokers who specialize in tenant representation — men and women who genuinely love helping businesses grow, expand and serve their communities — that means taking on fresh challenges day in and day out. It means navigating pitfalls that have a way of consuming the two most valuable commodities on the planet: time and money. It means perfecting the art of self-motivation, of having ananticipatory mindset and thinking multiple steps ahead. It means embracing the hustle.  Since venturing out on his own following a 12-year career at Weitzman, Matthew Rosenfeld, founder and president of Dallas-based brokerage firm The Rosenfeld Company, has lived and breathed these realities. Rosenfeld’s shop has been open for …

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityRetailTexas

Taroko Sports to Open 11,740 SF Entertainment Venue in Pflugerville, Texas

by Taylor Williams

PFLUGERVILLE, TEXAS — Taroko Sports, a baseball-themed concept, will open an 11,740-square-foot entertainment venue in Pflugerville, a northern suburb of Austin. The space is located within Stone Hill, a 1 million-square-foot, mixed-use development by Houston-based NewQuest. The facility, which is scheduled to open early next year, will be the second in Texas for Taroko Sports.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsFloridaRetailSoutheast

JLL Negotiates Sale of 110,780 SF Publix-Anchored Shopping Center in Fort Myers, Florida

by John Nelson

FORT MYERS, FLA. — JLL has negotiated the sale of Daniels Crossing, a 110,780-square-foot, Publix-anchored shopping center located at 6900 Daniels Parkway in Fort Myers. Publix Super Markets Inc. purchased the recently redeveloped center from the seller, a joint venture between Forge Capital Partners and The Sembler Co. The sales price was not released. Danny Finkle and Jorge Portela of JLL represented the seller in the transaction. Daniels Crossing was fully leased at the time of sale to Publix, Quest Diagnostics, Hope Chest Hospice, Millennium Physicians Group and The UPS Store.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailTexas

Newman Commercial Buys 7,100 SF Retail Strip Center in The Woodlands, Texas

by Taylor Williams

THE WOODLANDS, TEXAS — Newman Commercial Real Estate has acquired Grogan’s Forest Center, a 7,100-square-foot retail strip center in The Woodlands, about 30 miles north of Houston. The center is home to tenants such as Komeya Sushi & Ramen, Great Clips, Prime Dental Care USA and Feng Cha. The deal traded off-market. The seller and sales price were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
LoansNew YorkNortheastRetail

Cronheim Arranges $75M in Financing for Retail Power Center in Middletown, New York

by Taylor Williams

MIDDLETOWN, N.Y. — New Jersey-based financial intermediary Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot retail power center in Middletown, about 70 miles northwest of New York City. Orange Plaza was 94 percent leased at the time of sale to tenants such as Walmart, Home Depot, Kohl’s, Burlington, Ross Dress for Less, Marshalls, Staples and Old Navy. Brandon Szwalbenest, Andrew Stewart and Dev Morris of Cronheim arranged the financing through an undisclosed life insurance company on behalf of the borrower, National Realty & Development. The seven-year loan features a 30-year amortization schedule.

Continue Reading
FacebookTwitterLinkedinEmail
center_point_wilmington
Leasing ActivityMixed-UseNorth CarolinaRetailSoutheast

CBRE Signs Five New Retailers at Center Point Mixed-Use Development in Wilmington, North Carolina 

by Abby Cox

WILMINGTON, N.C. — CBRE has inked leases with five new retail tenants at Center Point, a mixed-use project under development in Wilmington. Totaling more than 13,000 square feet, the new leases will include Nest Interiors and Blended Shoes + Apparel — which will be merged into a shared space — as well as Burton’s Grill & Bar, Thompson’s of Wilmington and Jeff’s Bagel Run. These tenants mark the first retail commitments within Phase I of Center Point, which will feature approximately 33,000 square feet of retail space. A joint venture between Charleston-based The Beach Co. and locally based Swain & Associates is developing Center Point. Charlie Coyne and Matt Larson of CBRE represented ownership in the lease negotiations alongside internal leasing representative Sam Lathan of Swain & Associates. Upon completion, the mixed-use development will comprise more than 100,000 square feet of retail and restaurant space; The Sterling, a 265-unit residential complex; and office space. The property will be situated on more than 18 acres at the intersection of Eastwood and Military Cutoff roads near Mayfaire Town Center and Wrightsville Beach.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaDevelopmentRetailWestern

Legacy Purchases Development Site in Southern Arizona, Plans 45,000 SF Retail Center

by Amy Works

MARICOPA, ARIZ. — Legacy Development Partners has purchased a development site in Maricopa for a planned, ground-up retail center. Construction on the property is expected to begin immediately. Dubbed Legacy on Porter, the 6.6-acre project will deliver more than 45,000 square feet of retail, restaurant and service-oriented space. Confirmed tenants include Goodwill, Chipotle Mexican Grill, Jersey Mike’s Subs, HTeaO, Orlie’s Taproom and Swig. Leasing negotiations for the remaining shop space and pad sites are ongoing.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMissouriMultifamilyRetail

Construction Begins on Second Phase of Luxury Apartment Project in Blue Springs, Missouri

by Kristin Harlow

BLUE SPRINGS, MO. — A second phase of Blue Springs’ first luxury apartment community, MajorLux Luxury Apartments, is slated to include 123 units and 11,732 square feet of first-floor retail space anchored by Costenio’s Price Chopper. Bill Maas and Daniel Brocato of Block & Co. Inc. Realtors are handling leasing of the retail spaces. According to Block & Co., ideal uses at MajorLux Two include full-service restaurant concepts, Yoga or Pilates studios and service tenants such as dry cleaners, salons and health users. Completion of the project is slated for summer 2027.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts