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DevelopmentGeorgiaLeasing ActivityRestaurantRetailSoutheast

Halpern Enterprises Delivers Retail Strip Center in McDonough, Georgia

by John Nelson

MCDONOUGH, GA. — Halpern Enterprises has completed a 6,486-square-foot, multi-tenant retail strip center located at 5905 E. Lake Parkway in McDonough, a southern suburb of Atlanta. The three-tenant property is part of the 20-acre North McDonough Village mixed-use development. The property features a 2,486-square-foot Starbucks Coffee with a drive-thru, a 2,000-square-foot available space and a 2,000-square-foot dentist’s office. Starbucks recently opened for business at the center on a 10-year lease. Brad Oppenheimer led the project on behalf of Halpern and secured the lease with Starbucks. Palmer Bayless of Emerge Real Estate Services represented Starbucks in the lease negotiations.

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DevelopmentMassachusettsNortheastRestaurantRetail

Simon Completes Redevelopment of Northshore Mall in Peabody, Massachusetts

by Taylor Williams

PEABODY, MASS. — Simon Property Group has completed the redevelopment of Northshore Mall, a shopping, dining and entertainment destination located north of Boston in Peabody. Among the new tenants that have either recently been announced or opened new stores/facilities at Northshore Mall are Life Time Fitness, which opened a 116,000-square-foot athletic resort with multiple pools and spa facilities, as well as Arhaus and L.L. Bean. Interactive gaming experience Immersive Gamebox is also now part of Northshore Mall’s lineup of entertainment users, as is Golf Lounge 18 and Gametime Lanes & Entertainment, which offers bowling and other games in addition to food and drink. Dick’s Sporting Goods will open a new store at the property in 2026 under its “House of Sport” brand, and construction is now underway on a 142-room hotel that will be operated under the Residence Inn by Marriott brand. Conventional retailers that have also recently joined the tenant roster include Lululemon, Hollister, It’Sugar and Sandmagination, while the food-and-beverage component now features the likes of Sweetgreen, Big Chicken and Honeygrow, with Vermont-based Skinny Pancake and ice cream chain Van Leeuwen scheduled to open in the coming weeks. Lastly, electric vehicle maker Tesla recently debuted a new showroom at …

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DevelopmentLeasing ActivityOregonRestaurantRetailTop StoriesWestern

Dutch Bros Coffee Aims to Double Store Count to 2,029 Locations by 2029

by John Nelson

GRANTS PASS, ORE. — A little over a month after unveiling its 1,000th retail location, drive-thru coffee chain Dutch Bros Inc. (NYSE: BROS) is expanding its operations with goals to reach 2,029 shops by 2029. Originating in 1992 as a pushcart by the railroad tracks in downtown Grants Pass, Dutch Bros opened its first franchise in 2000. Dutch Bros Coffee now has a significant presence in the Pacific Northwest and is expanding with more locations across the United States, moving eastward to Florida, Texas, Oklahoma and Georgia. Looking further out, Dutch Bros sees potential for 7,000-plus locations nationwide, up from its original estimate of 4,000 shops. In 2025 alone, the company expects to open “at least” 160 new stores. The company recently hired former YUM! Brands executive Brian Cahoe as chief development officer to oversee the expansion strategy. The Dutch Bros management team recently provided updates on the business and its long-term growth goals at its Investor Day meeting last week. “We are pleased to deliver quarter-to-date first-quarter same-shop sales above our expectations, supported by positive traffic and strong business momentum,” says Christine Barone, CEO and president of Dutch Bros. Through March 24, same-store sales increased 4.6 percent in the …

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IllinoisLeasing ActivityMidwestRestaurantRetail

The White Sheep to Open 5,424 SF Restaurant in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — The White Sheep, a breakfast and brunch restaurant, has signed a 5,424-square-foot lease to open a restaurant at 22 E. Chicago Ave. in Naperville. The space is located in the River District Shopping Center, adjacent to North Central College. The restaurant is slated to open in the second quarter. Rick Scardino of Lee & Associates represented the tenant. Brooke Spinell of Mid-America Real Estate Group and Tom Bernier of Bucksbaum Properties LLC represented the landlord, Bucksbaum Properties. The lease marks the second location for The White Sheep, which maintains a restaurant in Orland Park.

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Leasing ActivityRestaurantTexas

Duckstache Hospitality Opens Three New Restaurants at Autry Park in Houston

by Taylor Williams

HOUSTON — Locally based operator Duckstache Hospitality has opened three new restaurants at Autry Park, a 14-acre mixed-use development located northwest of downtown Houston. Bar Doko and Doko are both Japanese concepts that total 66 seats and opened in late 2024 and February 2025, respectively. Annam is a French-Vietnamese restaurant that also opened in February. A partnership between Hanover Co. and Dallas-based retail owner-operator Rebees owns Autry Park.

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Leasing ActivityNew JerseyNortheastRestaurantRetail

Kushner Welcomes New Tenants to Mixed-Use Redevelopment in Eatontown, New Jersey

by Taylor Williams

EATONTOWN, N.J. — New York City-based Kushner Cos. has welcomed five food-and-beverage users and one retailer to Monmouth Square, a mixed-use redevelopment of the former Monmouth Mall in Eatontown. The tenants — Whole Foods Market, Prince Street Pizza, Cava, Van Leeuwen Ice Cream, Offshore Coffee and STRONG Pilates — account for about 50,000 square feet of new leasing activity, which makes the project’s retail component 75 percent preleased. Bond RP represented Kushner in all negotiations.

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Leasing ActivityMarylandRestaurantRetailSoutheast

First National Realty Partners Adds Burlington, Two Restaurants at Brandywine Crossing in Maryland

by John Nelson

BRANDYWINE, MD. — First National Realty Partners has signed three new tenants to join Brandywine Crossing, a 231,036-square-foot shopping center in Brandywine, a city roughly 27 miles from Washington, D.C. The new tenants at Brandywine Crossing include Burlington, which is backfilling a 25,310-square-foot space that previously housed Joann Fabric and Crafts, as well as Another Broken Egg Café and Buffalo Wild Wings Go. The new restaurants are set to open in the fourth quarter, and the Burlington store is expected to open in 2026. Brandywine Crossing sits on a 30-acre site and is anchored by a nearly 60,000-square-foot Safeway grocery store. Other existing tenants include Bonefish Grill, Panda Express, Marshalls, Advance Auto Parts, Truist Bank, Visionworks, Wells Fargo, AT&T and The UPS Store.

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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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CaliforniaMarket ReportsRestaurantRetailWesternWestern Market Reports

Orange County’s Retail Investment Sales Market Is in the Black

by John Nelson

— By John Read of CBRE Retail Investment Properties-West — The expression “in the black” signifies financial health, a positive outlook, investment opportunities and growth. It’s a phrase that’s resonating strongly with investors, as Orange County’s thriving retail fundamentals spur robust demand for investment properties. Despite ongoing capital market volatility and fluctuating interest rates, Orange County remains a prime target for retail property investors. The county’s strong retail property fundamentals is driven by its diverse, affluent and highly educated population. The average household income in Orange County exceeds $157,000, with more than 46 percent of residents holding a bachelor’s degree or higher. It also boasts a low unemployment rate of 3.8 percent. Retail property fundamentals concluded the fourth quarter of 2024 with a county-wide availability rate of 3.8 percent, down from the previous quarter. This reduction was fueled by sustained demand, limited inventory, minimal future supply, 547,000 square feet of positive net absorption and an average asking rent of $2.57 per square foot, a $0.13 increase from the prior year. These positive trends, combined with limited new retail property construction (only 190,000 square feet of supply, representing 0.1 percent of existing inventory and the lowest share among the nation’s 40 …

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