Sunday, February 8, 2026
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Retail

DevelopmentLeasing ActivityRetailSoutheastVirginia

The Fresh Market to Open Two Grocery Stores in Metro DC Totaling 56,000 SF

by John Nelson

RESTON AND FALLS CHURCH, VA. — The Fresh Market plans to anchor two mixed-use developments in the Northern Virginia region of metropolitan Washington, D.C. The Greensboro, N.C.-based grocer has committed to approximately 27,000 square feet of space at Reston Station, a mixed-use development in Reston by Comstock Cos., and 29,000 square feet at West Falls, a 10-acre mixed-use development in Falls Church by Hoffman & Associates. The Reston Station grocery store will be situated within Midline at Reston Station, and the West Falls store will be located at the ground level of an upcoming residential development. Both new stores are expected to open within the next three years, with the West Falls store set to open by mid-2026. The Fresh Market has two existing locations in nearby Alexandria and Vienna, Va.

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AcquisitionsFloridaRetailSoutheast

SRS Arranges $10.3M Sale of Tradition Retail Center in Port St. Lucie, Florida

by John Nelson

PORT ST. LUCIE, FLA. — SRS Real Estate Partners has arranged the $10.3 million sale of Tradition Retail Center, a 28,820-square-foot shopping center located at 10190-10218 SW Village Parkway in Port St. Lucie. The multi-tenant property is situated within Tradition, an 800-acre master-planned community in southeast Florida. Built in 2020, Tradition Retail Center was fully leased at the time of sale to 10 tenants, including Faith Animal Hospital, Farmers Insurance, Scott’s Golf Carts and the Little Gym. Patrick Nutt, William Wamble and Daniel Becker of SRS represented the seller, an undisclosed development firm based in New York. A private investor based in Florida purchased the retail center in an all-cash 1031 exchange at a 6.75 percent cap rate, according to SRS.

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Raising-Canes-Carson-CA
AcquisitionsCaliforniaNet LeaseRestaurantRetailWestern

Beta Agency Arranges $7.5M Sale of Raising Cane’s Chicken Fingers-Occupied Restaurant in Carson, California

by Amy Works

CARSON, CALIF. — Beta Agency has arranged the sale of a restaurant property located at 20707 Avalon Blvd. in Carson, south of Los Angeles. A Los Angeles-based private investor sold the asset to an Orange County, Calif.-based private buyer in a 1031 exchange for $7.5 million. Raising Cane’s Chicken Fingers occupies the 2,950-square-foot property with 12 years remaining on its triple-net lease, which backed by a corporate guarantee. The lease also includes 10 percent rental increases every five years. The restaurant opened in 2022. Adam Friedlander of Beta Agency represented the seller, while George Felix and Dan Blackwell of CBRE represented the buyer in the deal.

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Cypress Run Marketplace, Coral Springs, Florida
AcquisitionsFeaturesRetail

Retail Real Estate Buyers Vie To Thaw ‘Frozen’ Sales Market

by Jeff Shaw

The U.S. retail market is currently on a long stretch of rock-solid performance at the property level. The national vacancy rate is at a healthy 4.1 percent, according to first-quarter 2024 research from CoStar Group. This comes one quarter after a stellar 4 percent vacancy rate at year-end 2023. What’s more is net store openings are on pace to be positive for the third consecutive year, according to research from Cushman & Wakefield. There have been more than 1,700 announced retail store closures thus far in 2024, with recent examples including Family Dollar, Express, Macy’s and 99 Cents Only. However, the number of announced closures has been outpaced by the more than 3,000 announced openings this year, including from the likes of Walmart, Academy Sports + Outdoors, Aldi and Target.   With tight occupancy, due in large part to limited retail deliveries compared to historical norms, plus the influence of stubbornly high inflation, rental rates are also peaking. Rental rates ended the year at about $25 per square foot, which is a 3 percent increase year-over-year, according to CoStar. Matthew Mousavi, managing principal at SRS Real Estate Partners, says that retail real estate is performing so well that it now …

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Gateway-Marketplace_Meridian-Idaho
IdahoMarket ReportsRetailWesternWestern Market Reports

Boise MSA Retail Market Shows Strong Fundamentals

by Jeff Shaw

— By Holly Chetwood, Retail Specialist, TOK Commercial — The Boise MSA retail market had one of its strongest quarters on record with net absorption reaching 559,000 square feet at the end of March of this year. Multiple big-box spaces were backfilled in the first 90 days of the year including the former K-Mart and Gordmans spaces in Nampa as well as both Bed, Bath, and Beyond locations in Boise and Meridian. In addition, the highly anticipated Scheels opened its first Idaho store at Ten Mile and I-84 in Meridian. Along with a healthy level of net absorption, nearly 100 transactions were recorded, the highest number of deals seen in a quarter since 2021. The top five deals of the quarter were all over 25,000 square feet, however, leasing activity continues to be primarily driven by tenants in spaces below 2,000 square feet. These deals have accounted for 52 percent of transactions over the past 12 months.  As demand stayed high, vacancy continued to tighten throughout the first 3 months of the year. Total vacancy ended the quarter at 4.4 percent, its lowest level in nearly a year. The majority of submarkets are seeing vacancy remain between 2 to 4 percent. …

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Leasing ActivityMichiganMidwestRetail

Two New Retail Tenants Join Lineup at Green Oak Village Place in Brighton, Michigan

by Kristin Harlow

BRIGHTON, MICH. — Two new retail tenants are opening at Green Oak Village Place in Brighton, about 50 miles northwest of Detroit. Michigan Makers Marketplace offers a space for local craftsmen and artists to sell their work along with scheduled craft shows. The tenant opened a 4,920-square-foot store in June. StretchLab is a national tenant with nearly 400 studios in North America and 900 licensed locations globally that provides customized one-on-one stretching services. StretchLab is opening a 2,259-square-foot space later this summer. Green Oak Village Place, a retail lifestyle center, features more than 50 shopping and dining tenants.

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AcquisitionsGeorgiaRetailSoutheast

JLL Arranges Sale of 82,029 SF Shopping Center in Atlanta Suburb

by John Nelson

ROSWELL, GA. — JLL Capital Markets has arranged the sale of Roswell Market Center, an 82,029-square-foot retail center located in the northern Atlanta suburb of Roswell. Tenants at the property, which was built in 1990, include AutoZone, Dollar Tree, Subway and AT&T. Jim Hamilton, Brad Buchanan and Andrew Kahn of JLL represented the seller, Sterling Organization, in the transaction. The buyer and sales price were not disclosed.

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AcquisitionsFloridaRetailSoutheast

Matthews Brokers $6.8M Sale of Retail Center on Florida’s Space Coast

by John Nelson

INDIALANTIC, FLA. — Matthews Real Estate Investment Services has brokered the $6.8 million sale of The Shoppes at Paradise Beach, a retail center located in the Space Coast beachside town of Indialantic. Originally built in 1981 and renovated in 2005, the property totals 29,650 square feet at 2324 N. Highway A1A, roughly three miles from Melbourne, Fla. The Shoppes at Paradise Beach was fully leased to 12 tenants at the time of sale to users including a nail salon, local restaurants, a sporting goods store and a florist. A Miami-based private investor acquired the property from the original developer. Brandon Senia and Robert Goldberg of Matthews represented the seller in the transaction.

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AcquisitionsNew YorkNortheastRetail

Time Equities Buys Upstate New York Shopping Center for $6.5M

by Taylor Williams

ELMIRA, N.Y. — Time Equities Inc. (TEI) has purchased Big Flats Commons, a 44,635-square-foot shopping center located in the upstate New York community of Elmira. Target anchors the property, which was built in 2007. Other tenants include Best Buy, Maurice’s, Five Guys, Panera Bread, Vitamin Shoppe and Papa John’s. Ami Ziff, Jonathan Kim, Grant Scott and Eli Smith represented TEI in the transaction on an in-house basis. Kenneth Brownwell of Vanguard-Fine represented the seller, NNN REIT.

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Stop&Shop
Company NewsConnecticutMassachusettsNew JerseyNew YorkNortheastProperty TypeRetailRhode IslandTop Stories

Stop & Shop to Close 32 Stores in the Northeast

by Hayden Spiess

QUINCY, MASS. — Stop & Shop, a grocery store chain based in the Boston suburb of Quincy, has announced plans to close 32 locations by the end of this year.  Situated throughout the Northeast, the stores — described in a press release as “underperforming” — are located in Connecticut, Massachusetts, New Jersey, New York and Rhode Island. According to the grocer, the affected stores will shutter on or before Nov. 2. Associates at the locations will be offered other employment within the company.  “As we announced in May, Stop & Shop has evaluated its overall store portfolio and made the difficult decision to close underperforming stores to create a healthy base for the future growth of our brand,” says Gordon Reid, president of Stop & Shop.  The company has remodeled 190 stores since 2018, and Reid notes that the remodeled stores are performing better than the stores selected for closure. Accordingly, Stop & Shop plans to focus on “growth through price investments and store remodels.” Following the closures, Stop & Shop’s portfolio will comprise more than 350 stores across five states, with 81 stores in Connecticut, 115 in Massachusetts, 47 in New Jersey, 91 in New York and 25 in …

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