Monday, October 13, 2025
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DevelopmentLeasing ActivityRetailSoutheastVirginia

Whole Foods to Open 46,711 SF Store in Reston, Virginia

by John Nelson

RESTON, VA. — Whole Foods Market plans to open a new 46,711-square-foot grocery store at 1861 Fountain Drive in Reston on Wednesday, Aug. 6. The new store will be adjacent to Reston Town Center and is a relocation of an existing Whole Foods store at 11660 Plaza America Drive, which has served the Reston community since 1996. The new store is nearly double the square footage of the original store and will feature expanded café seating and a full-service coffee bar, among other departments. The new Whole Foods is backfilling a former Best Buy store that closed in 2020 within Spectrum at Reston Town Center, according to FFX Now. Lerner Enterprises owns and manages the 270,000-square-foot shopping center, whose tenants include Harris Teeter, The Container Store, Barnes & Noble and Cava.

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Leasing ActivityRetailTexas

Pottery Barn, West Elm to Open Stores Totaling 22,126 SF at Westbend in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Pottery Barn and West Elm will both open stores totaling 22,126 square feet at Westbend, a 281,000-square-foot mixed-use development located in southwest Fort Worth. Both home furnishings retailers are backfilling a former Market by Macy’s space and are targeting May 2026 openings. Trademark owns Westbend, the retail component of which is now fully leased.

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AcquisitionsCaliforniaRetailWestern

Hanley Investment Group Negotiates $2.6M Sale of Retail Property in El Centro, California Leased to Dutch Bros Coffee

by Amy Works

EL CENTRO, CALIF. — Hanley Investment Group Real Estate Advisors has negotiated the $2.6 million sale of a single-tenant retail building located in El Centro. Dutch Bros Coffee occupies the drive-thru property on a 15–year, absolute triple-net-lease with 10 percent rental increase every five years. Formerly a Wendy’s restaurant, the 2,411-square-foot building was originally built in 1988. Situated on an outparcel to a Vons-anchored retail center, nearby tenants include Smart & Final Extra!, Dollar General Market, Costco, Lowe’s Home Improvement, Target and Ashley Furniture. Bill Asher, Jeff Lefko and Beau Velten of Hanley Investment Group represented the seller and developer, Portland-based Cole Valley Partners, in the transaction. Bill Johnson of KW Commercial represented the buyer, a Northern California-based private investor.

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AcquisitionsIllinoisMidwestRestaurantRetail

Boulder Group Brokers $2.7M Sale of Chipotle-Occupied Retail Building in Chicago Heights

by Kristin Harlow

CHICAGO HEIGHTS, ILL. — The Boulder Group has brokered the $2.7 million sale of a retail building net leased to Chipotle in Chicago Heights. The newly constructed property at 1399 W. Lincoln Highway features a drive-thru. Chipotle has a new 15-year lease with 10 percent rental escalations every five years and four five-year renewal options. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based commercial real estate company. The buyer was a 1031 exchange investor based in California. As of 2025, there are 3,752 Chipotle locations worldwide.

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AcquisitionsDevelopmentMichiganMidwestRetail

Old National Bank Buys 1.2-Acre Development Site for New Branch Location Near Grand Rapids

by Kristin Harlow

CASCADE TOWNSHIP, MICH. — Old National Bank has purchased a development site at 2851 Charlevoix Drive SE in Cascade Township near Grand Rapids. The 1.2-acre parcel is situated directly across from a Walmart Supercenter and offers convenient access to I-96. Old National Bank plans to build a 3,470-square-foot retail branch, which is slated to open later this year. Bob Lotzar of NAI Wisinski of West Michigan represented the buyer in the transaction.

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AcquisitionsMississippiRetailSoutheast

Cushman & Wakefield Commercial Advisors Negotiates Sale of 26,612 SF Retail Center Near Memphis

by Abby Cox

SOUTHAVEN, MISS. — Cushman & Wakefield has negotiated the sale of South Creek Collection, a 26,612-square-foot retail center located in the Memphis suburb of Southaven, roughly 14 miles south of the Tennessee border. Situated at 7090 Malco Blvd., the center was built in 1999 and sits on nearly 20 acres. Tenants at the property include Once Upon A Child, Edible Arrangements, Envy Nails and Baskin-Robbins. Landon Williams and Katie Hargett of Cushman & Wakefield Commercial Advisors represented the buyer, an entity doing business as KAG3 Southaven Real Estate LLC, in the transaction. Eric Williams of Newmark represented the seller, a company doing business as South Creek Collection LLC.

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DevelopmentNevadaRetailWestern

Vestar Completes $3M Renovation of The District at Green Valley Ranch in Las Vegas

by Amy Works

LAS VEGAS — Vestar has completed the $3 million renovation of The District at Green Valley Ranch, a 385,000-square-foot mixed-use development in Las Vegas. The renovation project included upgraded signage, refurbished pylons and monuments, enhanced lighting with new fixtures, refreshed paint and improved landscaping, as well as remodeled storefronts, parking areas and entryways. Vestar has also secured a partnership with upscale home goods retailer Pottery Barn, a tenant at the center, to bring higher-quality outdoor furniture to the development’s communal spaces.   The District is currently 95 percent leased, with five new tenants recently joining the development, including Urth Caffé, Beverly Hills Rejuvenation Center and Bluemercury, and dining options North Italia and Flower Child. Other tenants at the property include lululemon, Aerie, Warby Parker, Anthropologie, Ben & Jerry’s, Chico’s and Lush. Originally constructed by American Nevada Co. in 2005, The District at Green Valley Ranch has been owned by Vestar since 2015.

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AcquisitionsNew MexicoRetailWestern

Westwood Financial Sells 51,713 SF Wyoming Mall in Albuquerque, New Mexico

by Amy Works

ALBUQUERQUE, N.M. — Los Angeles-based Westwood Financial has sold Wyoming Mall, a 51,713-square-foot retail center in Albuquerque. Walmart Supercenter anchors the property, which was 96 percent leased at the time of sale. Other tenants include Raising Cane’s, Starbucks Coffee, Krispy Kreme, Dollar Tree, Great Clips and Chick-fil-A. The Chick-fil-A outparcel at the property was not included in the sale. Curbline Properties Corp. was the buyer.

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AcquisitionsCaliforniaRetailWestern

BH Properties Buys 24,604 SF Multi-Tenant Retail Center in Fairfield, California

by Amy Works

FAIRFIELD, CALIF. — BH Properties has acquired a dual-building, multi-tenant retail property located at 1370-1380 Holiday Lane in Fairfield for an undisclosed price. The 24,064-square-foot property consists of two buildings situated on a 2.3-acre parcel. At the time of sale, the center was 58 percent vacant. Current tenants include Aspen Dental, Peet’s Coffee & Tea, Togo’s Sandwich Shop and Golden 1 Credit Union.

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DevelopmentKansasLeasing ActivityMidwestRetail

WIRED Nears Completion of 7,000 SF Wellness, Beauty Hub in Prairie Village, Kansas

by Kristin Harlow

PRAIRIE VILLAGE, KAN. — Women in Real Estate Development (WIRED) is nearing completion of a wellness and beauty destination at the corner of 75th Street and State Line Road in Prairie Village near Overland Park. The 7,000-square-foot property is named “c u r a t e d.” In August 2024, a group of 22 local women investors, led by Sheryl Vickers of Select Sites LLC, acquired the property. They have reimagined the building from 1958 into a commercial space tailored for health, beauty and wellness practitioners looking to reach consumers across Mission Hills, Waldo, Brookside, Leawood, Overland Park and Fairway. The interior space features new paint, flooring and lighting. The project’s suites feature natural light, private entries and modern finishes. The project also included the installation of new energy-efficient windows. Final plans call for a new parking surface and concrete with ADA access and new landscaping. The anchor tenant is The Healing Collective, which occupies eight suites and brings the building’s occupancy to 70 percent.

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