Wednesday, July 16, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Retail

AcquisitionsFloridaRetailSoutheast

Colliers Brokers $33.1M Sale of Palm Aire Marketplace in Pompano Beach, Florida

by John Nelson

POMPANO BEACH, FLA. — Colliers has brokered the $33.1 million sale of Palm Aire Marketplace, a shopping center located in the South Florida city of Pompano Beach. Presidente Supermarket and dd’s DISCOUNTS anchor the property, which totals 143,219 square feet. Other tenants at Palm Aire Marketplace include T-Mobile, Chase Bank and McDonald’s. Harry Blyden, Bastian Schauer, Ruben Suarez, Billy Weiser and Ariel Davis of Colliers represented the seller, an entity doing business as Pompano Realty USA, in the transaction. Longpoint Realty Partners acquired the asset, which is situated across from The Pomp, a $2 billion mixed-use project currently underway at the 223-acre site of the former Pompano Park racetrack. The Pomp will include a Topgolf venue and a 1.5 million-square-foot industrial park by Rockpoint, as well as the existing Harrah’s Pompano Beach Casino.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailSoutheastVirginia

CRC Acquires 126,304 SF Creekside Station Retail Center in Winchester, Virginia

by John Nelson

WINCHESTER, VA. — Continental Realty Corp. (CRC) has acquired Creekside Station, a 126,304-square-foot retail center located at 3103 Valley Ave. in Winchester, roughly 80 miles northwest of Washington, D.C. Creekside Properties sold the center for $19.5 million. Gilbert Trout of Trout Daniel & Associates represented the seller in the transaction and procured the buyer. CRC, which was self-represented in the transaction, purchased the property via the Continental Realty Opportunistic Retail Fund I LP (CRORF), marking the second acquisition in the state this year for the buyer. Built in 2003 and situated within Creekside Town Center, Creekside Station was 95 percent leased at the time of sale to tenants including Chico’s, J.Jill, Jos. A Bank, IJ Canns American Grille, The Little Gym and Virginia National Bank. The shopping center totals 10 buildings on more than 13 acres.

Continue Reading
FacebookTwitterLinkedinEmail
ConnecticutLeasing ActivityNortheastRetail

Wegmans to Open 92,000 SF Grocery Store in Norwalk, Connecticut

by Taylor Williams

NORWALK, CONN. — Wegmans Food Markets will open a 92,000-square-foot store at 675  Connecticut Ave. in Norwalk, located in southern coastal Connecticut. The regional grocer expects to employ about 500 people at the store at full operation. The location will be the first in Connecticut for Wegmans, which operates a total of 111 stores along the East Coast, and is scheduled to open next summer.

Continue Reading
FacebookTwitterLinkedinEmail
IllinoisLeasing ActivityMidwestRetail

DINX Social Club to Open 23,000 SF Pickleball, Golf Club in Highland Park, Illinois

by Kristin Harlow

HIGHLAND PARK, ILL. — DINX Social Club has leased space to open its first location at 1931 Skokie Valley Road in the Chicago suburb of Highland Park. The 23,000-square-foot venue is slated to open this winter. DINX will offer six regulation-sized pickleball courts, three Trackman iO golf simulator lounges, a multi-tap self-serve pour wall from Pour My Beer, café food offerings from Hometown Coffee & Juice, dining and social lounges, a VIP room, member locker rooms and a pro shop. Chris Bobowski of Cushman & Wakefield represented DINX in the lease.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestRestaurantRetail

First Western Properties Negotiates Sale of Restaurant Building in Des Plaines, Illinois

by Kristin Harlow

DES PLAINES, ILL. — First Western Properties has negotiated the sale of a restaurant building located at 1440 Rand Road in the Chicago suburb of Des Plaines. The sales price and seller were undisclosed. The property, located at the corner of Rand and River roads, sold to a restaurant operator with multiple locations.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsArizonaRetailWestern

Friends of Pima Animal Care Center Buys 5,060 SF Retail Space in Tucson, Arizona

by Amy Works

TUCSON, ARIZ. — Friends of Pima Animal Care Center has acquired 5,060 square feet of retail space at 2661 N. 1st Ave. in Tucson from Patrick Loop for $1.2 million. Kameron Norwood and Dave Hammack of Cushman & Wakefield | PICOR represented the seller, while Paula Valencia of RE/MAX Results Commercial represented the buyer in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
Market ReportsRetailSoutheastSoutheast Market ReportsVirginia

Richmond’s Retail Market Is as Hot as a Firecracker, With a New Baseball Stadium Underway

by John Nelson

If you asked any retail broker in the Richmond market in April 2020 what the forecast might look like, the response would be dark and stormy skies ahead with record-high retail vacancy rates. Fast forward four years later, and the forecast has been quite the opposite, with sunny skies in terms of deal flow and record-low retail vacancy rates, both a positive and a negative as it relates to the vacancy rate itself.  Richmond boasts close to 82 million square feet of retail space, and at the end of the second quarter of this year, the vacancy rate stood at 3 percent. Despite COVID, the vacancy rate stood at 5.1 percent at the end of 2020. The market is experiencing record-high demand for new space and about a 15.6 percent year-over-year increase in quoted rental rates due to that demand and limited product availability. Since 2020, our market has seen, on average, 2 million square feet of retail space leased per year, and all signs point to steady leasing velocity in the future.   Short Pump, Hull Street West The Short Pump and Hull Street West submarkets continue to be the prime focus of many retailers looking to expand in …

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityNew JerseyNortheastRetail

Irgang Group Welcomes Three New Tenants to Shopping Center in Millville, New Jersey

by Taylor Williams

MILLVILLE, N.J. — New York-based investment and development firm Irgang Group has welcomed three new tenants at Union Lake Crossing, a 393,000-square-foot shopping center in the Southern New Jersey community of Millville. Bath & Body Works, AAA South Jersey and Jersey Mike’s have signed deals for 4,400, 1,945 and 1,500 square feet, respectively. Mario Brunelli and Chelsea Reizner of R.J. Brunelli & Co. represented the landlord in all lease negotiations. Reizner and Brunelli also represented AAA South Jersey. Jarrad Coletta of Coletta Commercial represented Jersey Mike’s, and Adam Rosenfarb of MSC represented Bath & Body Works. Irgang Group acquired Union Lake Crossing, which is now more than 99 percent leased, in late 2021.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentIllinoisMidwestRestaurantRetail

Brixmor Begins $53M Redevelopment of Westridge Court Shopping Center in Naperville, Illinois

by Kristin Harlow

NAPERVILLE, ILL. — Brixmor Property Group (NYSE: BRX) has begun a $53 million redevelopment and reconfiguration of Westridge Court shopping center in the Chicago suburb of Naperville. Plans call for a new restaurant and entertainment district to be branded Block 59 at the corner of Route 59 and Aurora Avenue. The 91,000-square-foot project will include the construction of multiple outparcels for brands such as The Cheesecake Factory, Yard House, Ruth’s Chris Steak House, Piccolo Buco by Cooper’s Hawk, Shake Shack, Stan’s Donuts, First Watch, Fresh Fin, Crisp & Green and Velvet Taco. The dining lineup will join currently open Lazy Dog Restaurant and furniture retailer Walter E. Smithe. Plans call for an open-air central plaza that will serve as a public gathering space and host community events year-round surrounded by new outdoor restaurant patios. The project will also include a new valet area, wayfinding signage, landscaping, energy-efficient lighting and improved pedestrian and vehicular circulation. Westridge Court is anchored by The Fresh Market, Ulta Beauty, Hollywood Palms Cinema and the newly announced Wayfair Outlet. Construction began with the demolition of an underutilized two-story building in July. New restaurants are slated to start opening in spring 2025. Businesses will remain open during …

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityRetailTexas

EōS Fitness Signs Two Retail Leases Totaling 94,842 SF in Houston Area

by Taylor Williams

HOUSTON AND WEBSTER, TEXAS — Dallas-based EōS Fitness has signed two retail leases totaling 94,842 square feet in the Houston area. The deals are for 53,829 square feet at Center at Baybrook in Webster, a southwestern suburb, and 41,013 square feet at Easton Commons Plaza on the city’s northwest side. EōS Fitness will respectively backfill spaces formerly occupied by Bed Bath & Beyond and an undisclosed movie theater operator. Both openings are slated for 2025. Kevin Sims, Shireen Owlia and David Meyer of NewQuest Properties represented EōS Fitness in both sets of lease negotiations. Christi Vinzant internally represented the landlord, Kimco Realty, in the Webster deal. Kathy King and Charles Blaschke of Edge Realty Partners represented the undisclosed landlord in the East Commons deal.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts