Tuesday, November 4, 2025
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AcquisitionsArizonaDevelopmentRetailWestern

Mountainside Fitness Buys Land for Fitness Club Development in Queen Creek, Arizona

by Amy Works

QUEEN CREEK, ARIZ. — Scottsdale, Ariz.-based Mountainside Fitness has purchased a land parcel at the northwest corner of Combs and Gantzel roads in Queen Creek for the development of a new fitness club location. Slated to open in December 2025, the single-story, 42,000-square-foot Queen Creek Mountainside Fitness offer state-of-the-art equipment and more than 70 daily group fitness classes, as well as locker rooms and a childcare program. Mountainside Fitness currently operates 21 high-end clubs across metro Phoenix. Regan Amato of JLL represented Mountainside Fitness, while Rommie Mojahed of CRE8Advisors represented the undisclosed seller in the deal.

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Leasing ActivityMidwestOhioRetail

Five New Retailers Open at Easton Gateway in Columbus, Ohio

by Kristin Harlow

COLUMBUS, OHIO — Five new retailers, including two first-to-Ohio locations, have opened or are coming soon at Easton Gateway, a collection of retail and restaurants located next to Easton Town Center in Columbus. Now open include SuitShop, SITKA Gear and Sí Señor. SuitShop’s first Ohio location offers yours-to-keep suits and tuxedos starting under $200. SITKA Gear invented the technical hunting apparel category. The location is the first in Ohio. Sí Señor Peruvian Sandwiches is a locally owned sandwich shop. although historically a lunch spot, the Easton restaurant will also serve dinner. Coming soon is Carhartt, which manufactures clothing known for exceptional durability and comfort. The store will be the first in Columbus. Bareburger will also open soon and is known for crafting burgers with organic and sustainably sourced ingredients. Easton Gateway is an extension and expansion of Easton Town Center and acts as the northeast anchor, or gateway, into the broader Easton development. Easton Gateway, developed in 2014, totals 650,000 square feet.

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AcquisitionsFloridaRetailSoutheast

SRS Arranges $9.3M Sale of New Gas Station and Convenience Store Leased to 7-Eleven in Lecanto, Florida

by John Nelson

LECANTO, FLA. — SRS Real Estate Partners has arranged the $9.3 million sale of a newly built gas station and convenience store located on a 1.8-acre site at 3045 W. Norvell Bryant Highway in Lecanto, a city in west-central Florida. 7-Eleven occupies the 4,500-square-foot property, which was delivered in August 2024, on a 15-year, corporate-guaranteed lease. The property is an outparcel to Black Diamond, a 29-acre retail development anchored by Target. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based developer, in the transaction. The buyer was a private investor from Kentucky. Both parties requested anonymity.

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DevelopmentMarylandRestaurantSoutheast

Public-Private Partnership to Develop Food Hall in Downtown Frederick, Maryland

by John Nelson

FREDERICK, MD. — A public-private partnership between Downtown Frederick Partnership, McClintock Distilling and the City of Frederick plans to develop a food hall in downtown Frederick. The 6,000-square-foot space is located on the ground level of a historic commercial building owned by McClintock Distilling, which is situated near attractions including Carroll Creek Linear Park and a new hotel and conference center that is under construction. The food hall will feature four food stalls ranging from 200 to 350 square feet in size, a bar and a market stall. Renovation costs are expected to exceed $1 million, including expenses for architectural design, engineering and food hall consultation. The Maryland Department of Housing and Community Development provided the project team with a $300,000 grant to help fund the project. Construction is scheduled to begin in late summer, with the food hall expected to be operational within the next year. McClintock Distilling will operate the food hall upon completion and secure vendors during the design and construction phases.

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Leasing ActivityMassachusettsNortheastRestaurantRetail

Simon Welcomes 10 New Retailers, Restaurants to Burlington Mall in Metro Boston

by Taylor Williams

BURLINGTON, MASS. — Simon Property Group has welcomed 10 new retailers and restaurants to Burlington Mall, a 1.3 million-square-foot shopping, dining and entertainment destination located north of Boston. Kendra Scott, PacSun and Ten One Tea House will open in late spring, while Rowan, Van Leeuwen Ice Cream, Tobu, Sergeant Burgers and J7 Adventureland will open this summer. Asian restaurant concept ChoCho Hot Pot is also set to debut later in the year. Lastly, Verizon Wireless has relocated its business to a new space at the center and is currently open for business.

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MM-Loan-Retail-Center-Rancho-Cucamonga-CA
CaliforniaLoansRetailWestern

Marcus & Millichap Arranges $19M Refinancing for Retail Center in Rancho Cucamonga, California

by Amy Works

RANCHO CUCAMONGA, CALIF. — Marcus & Millichap has arranged a $19 million loan through its affiliate, BA Debt Fund LLC, to refinance a shopping center located in Rancho Cucamonga. Bolour Associates provided the loan. The 106,000-square-foot property, which was 99 percent leased at the time of financing, is anchored by a Smart & Final grocery store. Preston Davey of Marcus & Millichap arranged the loan on behalf of the borrower.

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AcquisitionsMichiganMidwestRetail

Mid-America Brokers Sale of 62,079 SF Retail Center in Portage, Michigan

by Kristin Harlow

PORTAGE, MICH. — Mid-America Real Estate Corp. has brokered the sale of Shoppes at Romence Village in Portage, just south of Kalamazoo. The sales price was undisclosed. The 62,079-square-foot retail center was 96 percent leased at the time of sale to tenants such as AAA, Great Clips, Michigan Secretary of State, Jet’s Pizza, Once Upon a Child and Clothes Mentor. Ben Wineman, Daniel Stern and Brad Lefkowitz of Mid-America represented the seller, Bloomfield Hills, Mich.-based Bleznak Real Estate Investment Group. New York-based Time Equities Inc. was the buyer.

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DevelopmentMichiganMidwestRetail

Poag, Studio C to Complete $5M Renovation of Celebration Cinema at RiverTown Crossings in Michigan

by Kristin Harlow

GRANDVILLE, MICH. — Poag Development Group and Studio C have unveiled plans for a $5 million renovation of Celebration Cinema at RiverTown Crossings in Grandville. Plans call for luxury heated recliners from Irwin Seating, a Michigan-based seating manufacturer; a new façade; a C PREMIUM auditorium featuring Dolby Atmos sound and 4K laser projection; and a significant expansion to Celebration Cinema’s food-and-beverage operations, including the addition of a full bar and new menu items. Renovations for the C PREMIUM auditorium is expected to be completed in May, with the other auditoriums and full transition to recliner seating set for this summer. RiverTown Crossings recently received improvements such as landscaping to the outer portion of the mall, a repaired merry-go-round and significant upgrades to the parking lot. Poag’s greater redevelopment plan is to evolve the mall into a mixed-use lifestyle center. Studio C is a local owner and operator of entertainment destinations, including Celebration Cinema.  

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AcquisitionsNew YorkNortheastRetailSoutheastTop StoriesVirginia

Dollar Tree to Sell Family Dollar Business to Private Equity Firms for $1B

by Kristin Harlow

CHESAPEAKE, VA. AND NEW YORK CITY — Dollar Tree Inc. (NASDAQ: DLTR) has agreed to sell the Family Dollar business segment to Brigade Capital Management LP and Macellum Capital Management LLC for $1 billion. The sales price represents a fraction of the $8.5 billion that Dollar Tree paid for the discount brand in 2015. Family Dollar will remain headquartered in Chesapeake. Family Dollar, which caters to low-income customers with its roughly 8,000 U.S. stores, has struggled in recent years. In March 2024, Dollar Tree unveiled plans to close approximately 970 underperforming Family Dollar stores. After a review of potential alternatives for the Family Dollar business segment, the Dollar Tree leadership team and board of directors determined that a sale of Family Dollar to Brigade and Macellum best unlocks value for Dollar Tree shareholders and positions Family Dollar for future success. “This is a major milestone in our multi-year transformation journey to help us fully achieve our potential,” says Mike Creedon, CEO of Dollar Tree. “We will continue to grow and optimize our Dollar Tree business to maximize value for Dollar Tree associates, customers and shareholders with an enhanced focus on compelling initiatives, including our expanded assortment, significant planned new store …

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Leasing ActivityRetailTexas

Dollar Tree to Open 14,600 SF Store in Plano

by Taylor Williams

PLANO, TEXAS — Dollar Tree will open a 14,600-square-foot store within a freestanding building at 5920 W. Park Blvd. in Plano. According to LoopNet Inc., to building was constructed in 2011 and was previously home to CVS. Kevin Butkus and Corbin Tanenbaum of Weitzman represented the undisclosed landlord in the lease negotiations. Dollar Tree was self-represented. The opening is slated for later this year.

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