Friday, April 17, 2026
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Fischer Marketplace
AcquisitionsGeorgiaRetailSoutheast

Hanley Investment Group Brokers $26.9M Sale of Publix-Anchored Shopping Center in Metro Atlanta

by Abby Cox

SHARPSBURG, GA. — Hanley Investment Group Real Estate Advisors has brokered the $26.9 million sale of Fischer Marketplace, a newly constructed, 70,134-square-foot shopping center in Sharpsburg, approximately 38 miles southwest of Atlanta. The property was fully leased at the time of sale to tenants including Publix, Jersey Mike’s, Dave’s Hot Chicken, Nothing Bundt Cakes and Great Clips. The sale also features three outparcels leased to Gusto!, Heartland Dental and Andy’s Frozen Custard. Publix occupies approximately 69 percent of the property on a long-term lease. Kevin Fryman and Ed Hanley of Hanley Investment Group, in association with ParaSell Inc., represented the 1031 exchange buyer, an unnamed private investor based in Southern California. Hunter Steffien, Tyler Strauss, Scott DeYoung and Jeff Conover of Faris Lee Investments, as well as Bryan Belk and John Tennant of Franklin Street’s Atlanta office, represented the sellers, ForCAST Real Estate Development LLC and Fayetteville, Ga.-based Brent Holdings, in the off-market transaction.

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Shoppes at East Stone
AcquisitionsRetailSoutheastTennessee

Marcus & Millichap Closes Sale of 23,876 SF Retail Center in Kingsport, Tennessee

by Abby Cox

KINGSPORT, TENN. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located at 2637 E. Stone Drive in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, Shoppes at East Stone was 95 percent leased at the time of sale to tenants including Jersey Mike’s Subs, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Target shadow-anchors the center. Michael Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. The sales price and buyer were not disclosed.

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DevelopmentRetailTexas

Partners Capital Completes Restoration of Westcliff Shopping Center in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Partners Capital, the investment platform of Partners Real Estate, has completed a partial renovation of Westcliff Shopping Center, a 134,750-square-foot grocery-anchored center in Fort Worth. The project revitalized a 22,000-square-foot portion of the retail center’s facade, restoring its original character while introducing modern updates. Originally built in 1955 on 10 acres, Westcliff Shopping Center is home to tenants such as Albertsons, Ace Hardware, HOTWORX, Dollar General and Café Bella.

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AcquisitionsIllinoisMidwestRetail

Marcus & Millichap Brokers $4.4M Sale of Retail Center in Ottawa, Illinois

by Kristin Harlow

OTTAWA, ILL. — Marcus & Millichap has brokered the $4.4 million sale of a 10-suite, two-building retail center in Ottawa. Aldi shadow-anchors the property, which is home to Dollar Tree, Sherwin-Williams, Athletico Physical Therapy, Hibbett Sports and World Finance Corp. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap represented the seller, a private Chicagoland investment group. Sharko and Weisenbeck, along with the brokerage’s Phoebe Klein, represented the buyer, a private 1031 exchange investor based in New York. The sale closed at 99.4 percent of the list price, achieving the highest price per square foot for a shopping center in Ottawa in the past five years, according to Mendoza. The property also included a half-acre parcel of developable land suited for a single-tenant drive-thru.

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DevelopmentHospitalityMixed-UseRestaurantRetailSoutheastTennesseeTop Stories

Simon to Develop 100-Acre Sagefield Mixed-Use Center in South Nashville

by John Nelson

NASHVILLE, TENN. — Simon Property Group (NYSE: SPG) plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in metro Nashville and beyond,” says Eric Sadi, co-president of Simon’s North American real estate division. Simon is collaborating on Sagefield with Adventurous Journeys Capital Partners (AJ Capital), a Nashville-based firm that specializes in mixed-use and adaptive reuse development. Simon and AJ Capital are currently collaborating on Nashville Premium Outlets, a 325,000-square-foot outlet mall that will break ground next year in Thompson’s Station, Tenn.  Plans for Sagefield also call for first-to-market boutique retailers, household-name operators, farm-to-table restaurants and cafés, an organic market, entertainment venues and health and wellness concepts. The development’s planned hotel will offer signature restaurants, a high-end spa, sports and a social members club. Simon says that …

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DevelopmentRetailSoutheastVirginia

IKEA to Open 110,000 SF Store in Chantilly, Retailer’s Third Location in Virginia

by John Nelson

CHANTILLY, VA. — IKEA U.S. has announced plans to open a nearly 110,000-square-foot store in Chantilly, making it the Swedish retailer’s third location in Virginia. Set to open in spring 2026, the new store will be located at 4320 Chantilly Shopping Center Drive, about 28 miles west of Washington, D.C. IKEA says that the store will feature its popular fully furnished room settings and display more than 7,700 products, with more than 4,400 products available for immediate takeaway, including home furnishing accessories and approximately 500 smaller furniture items. The store will also offer free in-store pick-up for online orders, as well as its famous in-store restaurant and a central planning area where shoppers can get design consultation from an IKEA staff member. In addition to the Chantilly store, the retailer recently announced a new 93,000-square-foot IKEA store coming to Webster, Texas, as well as its second store coming to Manhattan.

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Leasing ActivityRetailTexas

Vellix Adventure Opens 20,000 SF Trampoline Park in Hurst, Texas

by Taylor Williams

HURST, TEXAS — Entertainment concept Vellix Adventure has opened a 20,000-square-foot trampoline park in Hurst, located northeast of Fort Worth. The space is located within Mayfair Village shopping center and includes a ropes course and virtual reality games. Michael Williams of JLL represented Vellix Adventure in the lease negotiations. Ashley Selers of Phillips Edison & Co. represented the landlord on an internal basis.

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AcquisitionsNew JerseyNortheastRetail

Marcus & Millichap Brokers $18.5M Sale of Northern New Jersey Shopping Center

by Taylor Williams

PARSIPPANY, N.J. — Marcus & Millichap has brokered the $18.5 million sale of a 45,315-square-foot shopping center located in the Northern New Jersey community of Parsippany. Built in 1970 and renovated in 2012, Baldwin Shopping Center was fully leased at the time of sale to tenants such as Walgreens, Concentra, Enterprise Rent-A-Car and State Farm Insurance. Alan Cafiero, David Cafiero and John Moroz of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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AcquisitionsArizonaIndustrialRetailWestern

Cushman & Wakefield | PICOR Arranges $3.5M Sale of Flex Property in Tucson

by Amy Works

TUCSON, ARIZ. — Cushman & Wakefield | PICOR has arranged the sale of a 22,960-square-foot flex building located at 5251 E. Speedway Blvd. in Tucson. WAA 5251 E Speedway Blvd LLC purchased the asset from Inspired Adventures Investments for $3.5 million. Natalie Furrier and Greg Furrier of Cushman & Wakefield | PICOR Retail Specialists team represented the seller, while Robert Glaser and Paul Hooker of Cushman & Wakefield | PICOR Industrial Specialists team represented the buyer in the deal.

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AcquisitionsIllinoisMidwestRetail

Cushman & Wakefield Negotiates Sale of 91,415 SF Retail Center in Suburban Chicago

by Kristin Harlow

BATAVIA, ILL. — Cushman & Wakefield has negotiated the sale of Fabyan Randall Plaza, a 91,415-square-foot regional retail center anchored by Trader Joe’s in Batavia, a western suburb of Chicago. Other retailers include Sierra, Dollar Tree and a freestanding Walgreens. Evan Halkias and David Matheis of Cushman & Wakefield, along with Glenn Rudy of Newmark Pacific, represented the seller, NetCo Investments Inc. The buyer was a private investor.

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