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AcquisitionsMidwestOhioRestaurantRetail

Marcus & Millichap Brokers $3.2M Sale of Texas Roadhouse-Occupied Retail Property in Columbus

by Kristin Harlow

COLUMBUS, OHIO — Marcus & Millichap has brokered the $3.2 million sale of a retail property occupied by Texas Roadhouse in Columbus. Texas Roadhouse has a new 10-year triple-net lease and has operated at the site for more than 20 years. Located at 5870 Carnaby Way, the 2.2-acre property sits just off I-270. Jordan Klink and Kahlil Barnard of Marcus & Millichap represented the seller, Solid Ground LLC. Chris Lind, Mark Ruble and Zack House of Marcus & Millichap procured the buyer, a Delaware-based limited liability company.

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DevelopmentGeorgiaMixed-UseMultifamilyRestaurantRetailSoutheast

High Street, Third & Urban Plan Mixed-Use Development in Sandy Springs, Georgia

by John Nelson

SANDY SPRINGS, GA. — A partnership between High Street Residential (HSR), the residential subsidiary of Trammell Crow Co. (TCC), and Third & Urban have announced plans for the development of Hillcrest, an 8.1-acre mixed-use development located in the Atlanta suburb of Sandy Springs. Scheduled to break ground this month, the project will feature 362 apartment units, 30 for-rent townhomes and more than 18,000 square feet of retail space. In collaboration with the seller, Sandy Springs United Methodist Church, proceeds from the sale will fund capital improvements to the church’s primary campus. Improvements will also be made to the surrounding street infrastructure, adding on-street parking and connected walkability to the area. The project team will include Cooper Carry (architect), Square Feet Design (retail consultant and interior designer), New South Construction (general contractor), Citizens Bank (lender) and Wesley Community Development (church advisor). Amy Fingerhut of CBRE is handling leasing negotiations. The townhomes will offer two- and three-bedroom floorplans with two-car garages and rooftop patios, while the apartment building will measure up to five stories tall and feature a parking garage with more than 100 public parking spaces. Amenities at the apartment will include a rooftop swimming pool and clubroom, golf simulator lounge, …

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DevelopmentMixed-UseOfficeRestaurantRetailTexasTop Stories

Midway Plans 17-Acre Central Park Post Oak Mixed-Use Redevelopment Project in Uptown Houston

by Abby Cox

HOUSTON — Houston-based Midway, in collaboration with 3Edgewood and Parkway, has unveiled plans for Central Park Post Oak, a mixed-use redevelopment project located in Houston’s Uptown District. Formerly Post Oak Central, the co-developers will revitalize the 17-acre campus to include additional retail, new restaurants and green space. Midway and Parkway formed a joint venture to acquire the campus in October 2023 before recently buying out their investment partners. Developed by Gerald D. Hines Interests in the 1970s, the campus currently contains three office buildings totaling 1.2 million square feet and 90,000 square feet of retail space. Redevelopment of the property will comprise more than 150,000 square feet of mixed-use retail and restaurant space, including 60,000 square feet of new construction. Two additional buildings will be developed along Post Oak Boulevard with a “prominent jewel box restaurant” planned at the corner of Ambassador Way. To create a more walkable district, the City of Houston recently completed a $192 million renovation of Post Oak Boulevard that featured widened sidewalks and streets, new lighting and nearly 1,000 oak trees. Midway also plans to reposition several of the site’s heritage live oak trees to create a more pedestrian-friendly environment. “We are reimagining Central Park …

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KansasLeasing ActivityMidwestRestaurantRetail

Indian Eatery Desi Chowrastha to Open First Kansas City-Area Location in Overland Park

by Kristin Harlow

OVERLAND PARK, KAN. — Desi Chowrastha, an Indian eatery based in Texas, has secured its first Kansas City-area location at 6301 W. 135th St. in Overland Park. Max Kosoglad and David Block of Block & Co. Inc. Realtors represented the undisclosed landlord in the lease. A grand opening is slated for this summer. At 7,564 square feet, Desi Chowrastha will be the largest Indian restaurant in Overland Park. The restaurant will occupy space within a 15,500-square-foot pad building of Corbin Park Retail Village and will join co-tenants American Red Cross, Mozari Alterations and Embody. The name Desi Chowrastha is derived from “Desi,” a word used to describe the people, cultures and products of India, Pakistan and Bangladesh, and “Chowrastha,” a word used to communicate the joint to hang out with friends and how Indian culture evolved around them. The menu features a variety of kabobs, curries, appetizers and sandwiches. The chain currently has 25 franchisees across America, with many others under contract. Block & Co. is the leasing and property management company for the pad building.

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ArizonaDevelopmentMixed-UseOfficeRestaurantRetailWestern

Wespac Breaks Ground on Sprouts Farmers Market Headquarters in Phoenix

by Amy Works

PHOENIX — Wespac Construction has broken ground for the construction of Sprouts Farmers Market headquarters, a mixed-use campus in north Phoenix. Trammell Crow Co. is developing the project, which was designed by RSP Architects. Keyser and JLL are handling brokerage services for the project. Located within CityNorth near 56th Street and Loop 101, the 180,000-square-foot campus will feature a four-story, 144,500-square-foot Class A office building, a 25,000-square-foot flagship Sprouts grocery store, 11,000 square feet of high-end retail and restaurant space and a three-story parking garage. The campus will also offer modern amenities, including an onsite gym, yoga studio, top-floor deck, Press Coffee café, culinary kitchens, tasting rooms and a garden for chef-driven meals and community events. Sprouts will transition from its current 96,000-square-foot space to the new location by August 2026.

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Leasing ActivityMichiganMidwestRestaurantRetail

WB Pub to Open at Boardwalk Shopping Center in West Bloomfield Township, Michigan

by Kristin Harlow

WEST BLOOMFIELD, MICH. — WB Pub has signed a lease to open at the 2,625-square-foot former Smashburger space at The Boardwalk shopping center in West Bloomfield Township, a northwest suburb of Detroit. Michael Murphy of Gerdom Realty & Investment represented the landlord and tenant. The new pub will offer food as well as a full bar. Space remains available for lease at the property.

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Leasing ActivityMichiganMidwestRestaurantRetail

Pita Way to Open 1,550 SF Restaurant at Shops at Baldwin Village in Michigan

by Kristin Harlow

ORION TOWNSHIP, MICH. — Pita Way has leased space to open a 1,550-square-foot restaurant at the Shops at Baldwin Village in Orion Township, a far northern suburb of Detroit. The new retail development is located at the northwest corner of Baldwin and Morgan roads and is part of a proposed master plan that would include 215 condo units and 264 apartment units. Michael Murphy of Gerdom Realty & Investment represented the tenant. The landlord was undisclosed.

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DevelopmentFloridaLeasing ActivityMixed-UseRestaurantRetailSoutheast

Four New Tenants to Join $1B Nora District Development in Downtown West Palm Beach

by John Nelson

WEST PALM BEACH, FLA. — Four new tenants have signed leases to join Nora District, a $1 billion mixed-use project underway in downtown West Palm Beach. The new tenants include fine jewelry retailer LUCE; women’s fashion retailer Pompanos Boutique; group fitness gym studio SWEAT440; and eyewear brand Warby Parker, which will debut at Nora District this fall. The development team behind Nora District includes NDT Development, Place Projects and Wheelock Street Capital. The project’s first phase — which will be delivered this summer — totals more than 100,000 square feet of retail space and 55,000 square feet of creative office space. Additional confirmed tenants at the property include Loco Taqueria & Oyster Bar, H&H Bagels, Van Leeuwen Ice Cream, Juliana’s Pizza, IGK Hair Salon and Le Labo.

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AcquisitionsAlabamaRestaurantRetailSoutheast

RealSource Facilitates $3M Sale of New Restaurant in Gadsden, Alabama Leased to Starbucks

by John Nelson

GADSDEN, ALA. — RealSource Group has facilitated the $3 million sale of a newly built restaurant located at 720 Gilbert Ferry Road SE in Gadsden, about 60 miles northeast of Birmingham. Starbucks Coffee occupies the 2,500-square-foot building, which features a drive-thru and outdoor patio seating, on a 10-year initial lease with 10 percent rent increases every five years. The restaurant was built last year on a 1.2-acre site near I-59 and I-759. Austin Blodgett and Jonathan Schiffer of RealSource, along with ParaSell Inc., represented both the Ohio-based private investor and the Tampa-based private developer in the transaction. Both parties requested anonymity.

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AcquisitionsMidwestOhioRestaurantRetail

Marcus & Millichap Brokers $2.2M Sale of Chipotle-Occupied Restaurant Property in Toledo

by Kristin Harlow

TOLEDO, OHIO — Marcus & Millichap has brokered the $2.2 million sale of a 2,325-square-foot restaurant property net leased to Chipotle in Toledo. Built in 2025, the building at 3360 Glendale Ave. features a “Chipotlane” drive-thru. Scott Woodard and Derrick Dougherty of Marcus & Millichap procured the buyer, a private net-lease owner based in New York. The undisclosed seller developed the site, which is located adjacent to Southland shopping center and the University of Toledo Medical Center.

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