Tuesday, November 11, 2025
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AcquisitionsGeorgiaRetailSoutheast

Prudent Growth Partners Acquires Metro Atlanta Retail Center for $7.3M

by John Nelson

LAWRENCEVILLE, GA. — North Carolina-based Prudent Growth Partners has acquired Sugarloaf Village, a 32,000-square-foot shopping center located in Lawrenceville, for $7.3 million. The seller was not disclosed. Situated approximately 30 miles northeast of downtown Atlanta, the property was originally built in 2008 and features a mix of 17 tenants including lifestyle retailers and service providers such as a nail salon, pet groomer and barber shop. Other nearby retailers include AT&T, Starbucks Coffee, Publix, Target, Marshalls, Aldi, The Home Depot, PetSmart, Hobby Lobby and Panera Bread.

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ArizonaDevelopmentLoansRetailWestern

JLL Arranges $42.5M Equity Placement for Papago Marketplace Mixed-Use Project in Metro Phoenix

by Amy Works

SCOTTSDALE, ARIZ. — JLL Capital Markets has arranged a $42.5 million equity placement for Papago Marketplace, a 55,500-square-foot mixed-use development located in the Phoenix suburb of Scottsdale. Patrick Dempsey and Quin Madden of JLL represented the developer, Pivot Development Co., in securing the equity placement on behalf of an undisclosed institutional advisor. A 23,343-square-foot Sprouts Farmers Market will anchor the project upon completion, which is scheduled for August 2026. Construction is expected to begin this month. Over the past five years, the development of Papago Marketplace has included a 276-unit luxury apartment complex, a 116-room hotel and a mix of retail tenants. The project is currently 80 percent preleased.

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695-Jerry-St-Castle-Rock-CO
AcquisitionsColoradoMixed-UseRestaurantRetailWestern

Platinum CRE Brokers $6.4M Sale of Mixed-Use Property in Castle Rock, Colorado

by Amy Works

CASTLE ROCK, COLO. — Platinum Commercial Real Estate has arranged the acquisition of 600 and 695 Jerry Street in Castle Rock. PYFR LLC purchased the asset from RA Morrison LLC for $6.4 million. The property comprises a 25,380-square-foot, four-story mixed-use building and a 4,850-square-foot single-tenant restaurant. At the time of sale, the property was 93.7 percent occupied. Paul Cattin of Platinum CRE represented the buyer, while Campbell Davis, Parker Brown and Matthew Henrichs of CBRE represented the seller in the deal.

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AcquisitionsIllinoisMidwestOhioRetail

First Financial Bank to Acquire BankFinancial in $142M Deal

by Kristin Harlow

CINCINNATI AND CHICAGO — First Financial Bancorp. (Nasdaq: FFBC) has agreed to acquire BankFinancial Corp. (Nasdaq: BFIN) in an all-stock transaction valued at approximately $142 million. Upon completion of the transaction, BankFinancial’s consumer, trust/wealth management and selected commercial credit lines of business will be incorporated into First Financial’s respective business lines, and all BankFinancial bank employees will become First Financial associates. The merger agreement has been unanimously approved by the boards of directors of both companies. The deal is expected to close in the fourth quarter, subject to customary closing conditions, regulatory approvals and approval of BankFinancial shareholders. As of June 30, Cincinnati-based First Financial Bancorp. had $18.6 billion in assets, $11.8 billion in loans, $14.4 billion in deposits and $2.6 billion in shareholders’ equity. The company’s subsidiary, First Financial Bank, founded in 1863, provides banking and financial services to businesses and consumers. The company operated 128 full-service banking centers in Ohio, Indiana, Kentucky and Illinois as of June 30. Chicago-based BankFinancial is a commercial lender with 18 full-service banking offices located in Cook, DuPage, Lake and Will counties within Illinois. BankFinancial NA operates as a subsidiary of BankFinancial Corp.

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DevelopmentMichiganMidwestRetail

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

by Kristin Harlow

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.

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Leasing ActivityRetailTexas

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

by Taylor Williams

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.

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AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

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

by Amy Works

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.

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Dutch-Bros-Beaumont-CA
AcquisitionsCaliforniaDevelopmentRestaurantRetailWestern

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

by Amy Works

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.

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life-time-perimeter
DevelopmentGeorgiaRetailSoutheast

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

by Abby Cox

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.

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AcquisitionsDevelopmentKansasMidwestRestaurantRetail

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

by Kristin Harlow

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.

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