Wednesday, August 12, 2026
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Retail

Meadow-Central-Market-Dallas
DevelopmentRetailTexas

Weitzman to Redevelop 108,778 SF Grocery-Anchored Shopping Center in Dallas

by Taylor Williams

DALLAS — Weitzman will redevelop Meadow Central Market, a 108,778-square-foot shopping center located at the intersection of North Central Expressway and Meadow Road in Dallas. A 29,121-square-foot Tom Thumb store anchors the center, which originally opened in the 1970s. The grocery store will receive new flooring, lighting and select food departments as part of the project. Other tenants include CVS, Edible Arrangements, The UPS Store and Sylvan Learning Center. Weitzman will upgrade the center’s façade, landscaping, signage and parking. Hodges & Associates is leading design of the project, which is expected to commence this fall. Completion is slated for early 2022.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsRetailSoutheastSoutheast Market ReportsTennessee

From Urban Core to the Suburbs, the Memphis Retail Market is Poised for Growth

by John Nelson

Memphis is a city with a soul and is internationally famous for music, food and entertainment. The city draws over 12 million tourists annually, but less publicized is that Memphis is home to six Fortune 1,000 companies (FedEx, International Paper, AutoZone, Terminix, First Horizon and Sylvamo). Additionally, the city’s employment base includes a robust healthcare community with St. Jude Children’s Research Hospital, the University of Tennessee Medical School and Regional One Health. Plus, Memphis is known as “America’s Aerotropolis” with the second busiest cargo airport in the world, Memphis International Airport. The Memphis metro statistical area (MSA) has jobs, low cost of living and a relatively young population with an average age of 34. There is a perception that the population is flocking to Nashville, but the latest Census Bureau statics show that between 2013 and 2017, slightly more Nashvillians moved to Memphis than the reverse. Memphis’ unique trade area encompasses parts of Arkansas and Mississippi, leveraging Interstates 40, 55 and 22 with the new Interstate 269 Corridor, a 60-mile half loop around southern Memphis and north Mississippi. The I-269 Corridor links to a web of seven converging highways, serving 152 metro areas and two-thirds of the nation’s population that …

Continue Reading
FacebookTwitterLinkedinEmail
Shoppes at Nona Place
AcquisitionsFloridaRetailSoutheast

JLL Arranges $35M Sale of Grocery-Anchored Shopping Center in Orlando

by Julia Sanders

ORLANDO, FLA. — JLL Capital Markets has arranged the $35 million sale of Shoppes at Nona Place, a 60,557-square-foot neighborhood shopping center in Orlando. Built in 2018 and 2019, Shoppes at Nona Place is anchored by Bravo Supermarkets, a Hispanic grocer, as well as Pet Supermarket, First Watch, Heartland Dental, BurgerFi, Aveda, Lime Fresh, F45 and Pig Tails. Located on 14.6 acres at 13000 Narcoossee Road, the center is situated about 11.2 miles from Orlando International Airport and approximately 23.4 miles from Walt Disney World Resort. The property is located within Lake Nona, a medical city market in southeast Orlando. Brad Peterson, Whitaker Leonhardt, Michael Brewster and Tommy Isola of JLL represented the seller, a joint venture between North American Development Group and Blackfin Partners Investments. Edward Romanov of Transitional Finance Partners LLC represented the buyer, a private investor group affiliated with Flocchini/Van Wagner Families.

Continue Reading
FacebookTwitterLinkedinEmail
Bluebonnet Parc
AcquisitionsLouisianaMixed-UseRetailSoutheast

Cooper Commercial Brokers $17.2M Sale of Bluebonnet Parc Mixed-Use Center in Baton Rouge

by Julia Sanders

BATON ROUGE, LA. — Cooper Commercial Investment Group has brokered the sale of Bluebonnet Parc, a four-building mixed-use center in Baton Rouge. Dan Cooper of Cooper Commercial Investment Group represented the seller, Viking Partners Bluebonnet LLC. Brannon 230 LLC purchased the property for $17.2 million. Located at 5915 Bluebonnet Blvd., Bluebonnet Parc is located close to Interstate 10 and is about 9.8 miles from downtown Baton Rouge. Additionally, the property is about 7.7 miles from Louisiana State University. The 135,367-square-foot property is anchored by Best Buy, buybuy Baby and Havertys, with other tenants including Men’s Wearhouse, David’s Bridal and Richport Technical College.

Continue Reading
FacebookTwitterLinkedinEmail
811-SE-Everett-Mall-Way-Everett-WA
AcquisitionsRetailWashingtonWestern

Marcus & Millichap Negotiates $5.8M Sale of Retail Property in Everett, Washington

by Amy Works

EVERETT, WASH. — Marcus & Millichap has arranged the sale of a retail center located at 811 S.E. Everett Mall Way in Everett. A limited liability company sold the asset to an undisclosed buyer for $5.8 million. Trader Joe’s, Dollar Tree, T-Mobile and Olympic Hot Tub occupy the 24,800-square retail property. Trader Joe’s has been at this location for more than 25 years and recently extended its lease. Clayton Brown and Ruthanne Romero of Brown Retail Group of Marcus & Millichap’s Seattle office represented the seller in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
2620-Fisher-Blvd-Barstow-CA
AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

SRS Brokers $5.5M Ground-Lease Sale of Raising Cane’s-Occupied Property in Barstow, California

by Amy Works

BARSTOW, CALIF. — SRS Real Estate Partners’ National Net Lease Group (NNLG) has arranged the $5.5 million ground-lease sale of a retail building located at 2620 Fisher Blvd. in Barstow. Starboard Realty Advisors sold the asset to a Los Angeles-based private investor. Raising Cane’s Chicken Fingers occupies the property, which is situated on 1.25 acres and features a double drive thru. The building was constructed in 2020 and the restaurant opened for business in May 2021. The asset has a 15-year, corporate-guaranteed ground lease in place, providing the buyer with a stabilized investment and no landlord responsibilities. Matthew Mousavi and Patrick Luther of SRS NNLG represented the seller, while Pablo Rodriguez of Newmark represented the buyer in the deal.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMidwestOhioRetail

First National Realty Partners Acquires 111,152 SF Shore Center Plaza in Euclid, Ohio

by Kristin Harlow

EUCLID, OHIO — First National Realty Partners has acquired Shore Center Plaza in Euclid near Cleveland for an undisclosed price. The 111,152-square-foot shopping center is 94 percent occupied and anchored by a 47,348-square-foot Dave’s Supermarket. Other tenants include Dollar Tree, Citi Trends, Aaron’s, Little Caesar’s and Burger King. Seller and broker information was not provided.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailTexas

JLL Negotiates Sale of 18,344 SF Shops at Potranco in San Antonio

by Taylor Williams

SAN ANTONIO — JLL has negotiated the sale of Shops at Potranco, an 18,344-square-foot retail center in San Antonio. Tim Allen of JLL represented the seller, CSW Development, in the transaction. C.W. Sheehan and Matt Ctvrtlik, also with JLL, arranged a seven-year, fixed-rate acquisition loan through Bank of Austin on behalf of the buyer, an affiliate of Austin-based Door Capital Partners. The property was built in 2019 and was fully leased at the time of sale to tenants such as Orangetheory Fitness, Jersey Mike’s, Buffalo Wild Wings and Supercuts.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMassachusettsNortheastRetail

SVN Brokers $6M Sale of Retail Center in Wellesley, Massachusetts

by Taylor Williams

WELLESLEY, MASS. — SVN | Parsons Commercial Group | Boston has brokered the $6 million sale of an 8,900-square-foot retail center in Wellesley, a western suburb of Boston. Marilyn Santiago of SVN represented the seller, an entity doing business as STMC LLC, in the transaction. Arlon Brown, also with SVN, represented the buyer, AlpCentral LLC. The property was 83 percent leased at the time of sale.

Continue Reading
FacebookTwitterLinkedinEmail
Riverside Place
FeaturesIndustrialMultifamilyOfficeRetail

CBRE Survey: Cap Rates to Return to Pre-Pandemic Levels for Industrial, Office and Suburban Multifamily Properties

by Julia Sanders

DALLAS — Industry professionals believe the commercial real estate values for industrial, office and suburban multifamily properties across the United States are expected to return to pre-pandemic levels or remain stable, hinting at a potential full recovery for the rest of 2021, according to a CBRE Group Inc. survey released on Aug. 31. CBRE’s survey looked at capitalization rates for stabilized assets and investment sentiment on market conditions. Capitalization rates measure a property’s value by dividing its net operating income by its sale price and a lower cap rate generally shows a higher value. In the survey, investors predicted cap rate movement will vary across different property types for the second half of 2021. For example, cap rates for industrial and multifamily properties are expected to compress in most markets, while the cap rates for office, retail and hotel properties are expected to stay steady. The survey also found that investors were willing to purchase industrial and multifamily properties at a premium or higher price than other property types. Additionally, investors looked mainly for small to moderate pricing discounts for office properties, and moderate to large discounts for retail properties and hotels. More than 75 percent of real estate investors …

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts