Tuesday, December 9, 2025
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GeorgiaMarket ReportsRestaurantRetailSoutheastSoutheast Market Reports

Exhibit on Atlanta Retail: Observations from Intown to the ‘Burbs

by John Nelson

If you’ve spent any time driving around Atlanta recently, you’ve probably noticed something. More development sites are returning with bulldozers and developers are taking down land parcels in the suburbs the size of small European countries. But this time, the approach is more strategic than ever.  Gone are the days when a developer would carve out a shopping center for base rents less than $40 per square foot and call it a day. Today, some metro Atlanta developers are assembling larger tracts and creating hybrid projects that include multifamily housing, storage and even industrial uses in the back of the parcel, saving the front-facing road frontage for ground leases, build-to-suits and limited shop space. Automotive and restaurants concepts are clamoring for pads.  The result? Those once-overlooked “front and center” pad sites and strip centers are suddenly the belle of the ball. The downside is paying too much on the buy side for the dirt for aggressively low caps rates. But all I can say for the rental rates that I’m seeing is “Wow.”  Restaurants still lead In Atlanta’s retail market, restaurants continue to be the leading driver of leasing activity. According to observations, excluding junior box space, food-and-beverage deals made …

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AcquisitionsGeorgiaMixed-UseRestaurantRetailSoutheast

Westwood Financial Buys Glenridge Springs Retail Center in Sandy Springs, Georgia

by John Nelson

SANDY SPRINGS, GA. — Los Angeles-based Westwood Financial has purchased the retail component of Glenridge Square, a mixed-use development located at 5610 Glenridge Drive in Sandy Springs. The live-work-play property is situated adjacent to I-285 in Atlanta’s Central Perimeter submarket. The seller and sales price were not disclosed. Glenridge Square features 20,001 square feet of ground-level retail space that was 91 percent leased at the time of sale to tenants including Qdoba, Firehouse Subs, Blue Moon Pizza, Sushi Nami, Taziki’s Mediterranean, DaVinci’s Donuts, Venus Nail Lounge and Beauty Enhanced. The property also includes 168 apartments and 80,000 square feet of office space leased to tenants including Go2Foods’ headquarters (roughly 800 employees) and Haverty’s (about 3,000 employees). The offices and apartments were not included in the sale.

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Leasing ActivityMidwestMissouriRestaurantRetail

Streats Opens 1,389 SF Restaurant in Downtown Kansas City

by Kristin Harlow

KANSAS CITY, MO. — Streats, a local restaurant known for its Mexican street tacos as well as Birria tacos and ramen, has opened at the Skyline Collection in downtown Kansas City. Located at 1111 Main, Streats occupies 1,389 square feet on the ground floor in the former KC Mac and Co. space. The lease marks the restaurant’s second Kansas City location. Streats joins Jason’s Deli, Banksia and Fat Bee at the Skyline Collection. Erin Johnston of Copaken Brooks represented the landlord on an internal basis. The Skyline Collection, which includes the 1111 Main and 1201 Walnut office towers, is nearing full retail occupancy.

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FeaturesKentuckyRestaurantRetailSoutheastSoutheast Feature Archive

Quick-Service Restaurants Are Powering the Rise of the 15-Minute City

by John Nelson

By Casey Smallwood of SRS Real Estate Partners The quick-service restaurant (QSR) industry is reshaping retail real estate by capitalizing on the “15-minute city” trend — a movement where people can access essentials within a short walk, bike ride or delivery window from home. This shift, fueled by evolving consumer behavior, urban densification and the rise of digital ordering, is pushing QSRs to prioritize hyper-local presence over traditional highway or regional ‘hubs. The result is a transformation in both real estate development and the metrics that define success in the foodservice sector. Embedding into daily life Hyper-localization is about placing restaurants within the flow of everyday life — close to where people live, work and socialize. Rather than clustering around big-box retail or commuter corridors, many brands now target neighborhood locations near apartment clusters, schools and small mixed-use developments. 7 Brew Coffee, a drive-thru-only brand, exemplifies this model. Its small footprint and fast service make it ideal for small lots and secondary intersection spots once overlooked by national tenants. These locations are now thriving due to residential growth and proximity to commuter paths. With minimal barriers to entry and an emphasis on quick-service, 7 Brew is establishing a strong local …

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Leasing ActivityRestaurantRetailTexas

Baker Katz Negotiates Seven Retail Leases in Houston Area for Einstein Bros. Bagels

by Taylor Williams

HOUSTON — Locally based brokerage firm Baker Katz has negotiated seven new retail leases for Einstein Bros. Bagels in the greater Houston area. The spaces are located within the Tanglewood and Garden Oaks neighborhoods in Houston proper, as well as in the suburbs of Katy, Conroe, Humble, Tomball and League City. The average deal size is 2,000 square feet. Landlord representatives in the various lease negotiations included CBRE, Excel Commercial, NewQuest, Fidelis, Blue Ox Group and SVN | J. Beard Real Estate.

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Heartland Feature ArchiveMarket ReportsNevadaRestaurantRetailWesternWestern Market Reports

Northern Nevada Retail Market Gains Momentum Heading Into 2026

by John Nelson

— By Sam Meredith of Colliers —  After a slow and uncertain start to 2025, the retail market in Reno and Sparks is finally finding its stride. The first half of the year saw many tenants hit pause on leasing decisions as economic jitters made retailers cautious. By the third quarter, however, the mood had shifted. Leasing activity picked up noticeably, and tenants are now back in the market, actively looking for space. That momentum is expected to carry through the fourth quarter and into 2026, with healthy absorption on the horizon. This turnaround is backed by solid market indicators. Net absorption turned positive in the second quarter, while asking rents rose quarter over quarter. Vacancies nudged upward due to big-box closures, including three Big Lots and a Joann store early in the year, but the overall retail vacancy still sits at a manageable 5.4 percent. In fact, several submarkets, including North Valleys, Northwest Reno, South Reno and Southwest Reno, are reporting vacancy rates below 2 percent, showing strong demand in key areas. Retailers are clearly taking notice. Trader Joe’s, which once considered Northern Nevada a one-store market, has now opened two additional locations in Spanish Springs and South Reno. …

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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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AcquisitionsCaliforniaRestaurantRetailWestern

Hanley Investment Group Brokers $9.2M Sale of Starbucks-Anchored Retail Strip Center in Southern California

by Amy Works

SAN JUAN CAPISTRANO, CALIF. — Hanley Investment Group Real Estate Advisors has arranged the $9.2 million sale of Rancho Ortega Plaza, a 23,122-square-foot retail strip center located in San Juan Capistrano, roughly 55 miles south of Los Angeles. Starbucks Coffee anchors the two-story property, which was 89 percent leased at the time of sale. Other tenants include Tannins Wine Bar & Restaurant, Bella Nails and Ortega Dental Care. Rancho Ortega Plaza was built in 2004 on 2.2 acres. Kevin Fryman and Ed Hanley of Hanley Investment Group represented the seller, an Orange County, Calif.-based private investor. Michael Asarch of Asarch Commercial Endeavors represented the buyer, a Los Angeles-based private investor, in the transaction.

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Leasing ActivityMassachusettsNortheastRestaurantRetail

Three Tenants Sign Leases at Wayside Shopping Center in Suburban Boston

by Taylor Williams

BURLINGTON, MASS. — Three new tenants have signed leases at Wayside, a 193,000-square-foot shopping center located in the northern Boston suburb of Burlington. Diamonds & Pearls by David’s Bridal is already open at the property, as is Golf Galaxy, which operates a 16,000-square-foot venue. Contemporary Japanese restaurant Hinoki will open in early 2026. Regional owner-operator Wilder Cos. manages Wayside, which is anchored by L.L. Bean and features more than 30 shops and restaurants.

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AcquisitionsIllinoisMidwestRestaurantRetail

Boulder Group Arranges $2.5M Sale of Starbucks-Occupied Retail Property in Antioch, Illinois

by Kristin Harlow

ANTIOCH, ILL. — The Boulder Group has brokered the $2.5 million sale of a single-tenant retail property occupied by Starbucks in Antioch. The 2,540-square-foot building is located at 1051 Route 59. Neighboring retailers include Jewel-Osco, Ace Hardware, CVS Pharmacy, PNC Bank and Advance Auto Parts. Randy Blankstein and Jimmy Goodman of Boulder Group represented the seller, a Midwest-based real estate firm, and the buyer, a partnership based in Washington.

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