Author

Abby Cox

Providence-Place
Investment salesNewsRhode Island

Partnership Acquires Providence Place in Rhode Island for $133 Million

by Abby Cox

Providence, R.I. — Pyramid Management Group, along with Paolino Properties and DW Partners, have acquired Providence Place, a 1.4 million-square-foot regional retail center located in Providence, for $133 million. The 13.2-acre property has been in a court-ordered receivership for multiple years following a loan default by the previous owner, Brookfield Properties. Tenants at Providence Place include Dave & Buster’s, Abercrombie & Fitch, American Eagle, Aldo, Apple, Bath & Body Works, Brooks Brothers, Champs Sports, CycleBar, DSW, Five Below and Garage.

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Springnex Plaza
FinanceGrocery-anchoredNew YorkNews

Northmarq Arranges $32 Million in Financing for Grocery-Anchored Retail Property in Queens

by Abby Cox

New York City — Northmarq has arranged $32 million in financing for Springnex Plaza, a 96,028-square-foot retail property located in the southeast Queens neighborhood of Springfield Gardens. Stop & Shop anchors the center, which features a mix of additional tenants such as Ashley Stewart, IHOP and Northwell Health. Robert Delitsky and Charles Cotsalas of Northmarq secured the loan through Principal Financial Group on behalf of the borrower, Mattone Group Springnex LLC.

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Wynwood Jungle
FloridaInvestment salesNews

Newmark Negotiates Sale of 38,945-Square-Foot Retail Property in Miami

by Abby Cox

Miami — Newmark has negotiated the sale of Wynwood Jungle, a 38,945-square-foot retail property located in Miami’s Wynwood Arts District. Completed in 2016, Wynwood Jungle was repositioned in 2023 with more than $1 million in capital improvements, such as upgrades to the common areas, façade enhancements, the addition of outdoor dining spaces and rooftop restaurant activation. Tenants at the center include The Salty, Sora, Sürinitea, Häagen-Dazs and 27 Club Coffee. Eric Williams, Conor Lalor, James Sharpe V and Andrei Larion of Newmark represented the seller in the transaction.

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east_coast_hwy_corona_del_mar_ca
CaliforniaInvestment salesNews

Coastal Commercial, Marcus & Millichap Arranges $13.7 Million Sale of Multi-Tenant Retail Property in Corona del Mar, California

by Abby Cox

Corona del Mar, Calif. — Coastal Commercial and Marcus & Millichap have arranged the $13.7 million sale of 2515 E. Coast Highway, a 13,883-square-foot, multi-tenant retail property located in the Southern California community of Corona del Mar. Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap facilitated the transaction. The buyer, which was a company doing business as Shops at CDM LLC led by local broker and investor Phil Berry, paid $700,000 above the initial asking price. Poole Properties, formerly John Pool Radio Properties, owned the center …

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Frederick-Brickworks
DevelopmentGrocery-anchoredMarylandMixed-useNews

Club Studio to Co-Anchor $450 Million Mixed-Use Development in Frederick, Maryland

by Abby Cox

Frederick, Md. — Greenberg Gibbons has signed a lease with Club Studio at Frederick Brickworks, a $450 million, 65-acre mixed-use destination in Frederick, roughly 50 miles northwest of Baltimore. The fitness club will occupy a 30,000-square-foot space and will join a 35,000-square-foot Whole Foods Market as a co-anchor. The development will feature a mix of additional tenants such as honeygrow, First Watch, Shake Shack, Dave’s Hot Chicken and Inspire Nail Bar. The first phase of the project will also include 332 apartments and 320 for-sale townhomes built by Wormald and NVR …

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DevelopmentGeorgiaNewsOklahomaRetailersTennesseeTexasVirginia

Academy to Open 11 New Stores Across Six States in Third Quarter 2026

by Abby Cox

Katy, Texas — Academy Sports + Outdoors has opened two new stores in St. Clairsville, Ohio, and Kerrville, Texas, with plans to open nine additional locations this quarter in Celina, Texas; McAlester, Oklahoma; Lacy Lakeview, Texas; Fayetteville, Georgia; Roanoke, Virginia; Statesboro, Georgia; Granbury, Texas; Millington, Tennessee; and Fairview, Texas. To date, Academy has opened seven new stores in 2026 and anticipates opening a total of 20 to 25 new locations this fiscal year. Academy Sports + Outdoors has opened more than 60 new locations since 2022, including 24 new stores across …

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ColoradoFinanceNews

ABMAR Investments Receives $5.7 Million Loan for Refinancing of Union Square Shopping Center in Colorado Springs

by Abby Cox

Colorado Springs, Colo. — ABMAR Investments has received a $5.7 million loan for the refinancing of Union Square Shopping Center, a retail property located at 5035-5069 N. Academy Blvd. in Colorado Springs. Andrew Deaver, Rob Bova and Tom Gilliland of JLL Capital Markets arranged the three-year, floating-rate loan on behalf of ABMAR Investments, which will use a portion of the proceeds to fund upcoming improvements for tenant Crunch Fitness, along with additional capital expenditures. Built in 1978 and renovated in 2005, Union Square features 69,347 square feet of retail space …

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whitestone-shopping-center
FinanceGrocery-anchoredNew YorkNews

Northmarq Arranges $75 Million Loan for Acquisition, Redevelopment of Grocery-Anchored Center in Queens

by Abby Cox

New York City — Northmarq has arranged a $75 million loan for the acquisition and redevelopment of Whitestone Shopping Center, a 119,584-square-foot shopping center located in the northern Whitestone neighborhood of Queens. According to Long Island Business News, BTF Whitestone LLC purchased the center for $56 million. Key Food Supermarket anchors the property, which was originally built in 1955. Additional tenants include Webster Bank and JPMorgan Chase. Robert Delitsky and Keith Braddish of Northmarq secured financing through Acadia Realty Trust on behalf of the borrower.

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Grocery-anchoredInvestment salesNewsVirginia

East Coast Acquisitions Purchases Grocery-Anchored Shopping Center in Norfolk, Virginia, for $31.2 Million

by Abby Cox

Norfolk, Va. — East Coast Acquisitions has purchased Southern Shopping Center, a 235,070-square-foot retail property located in Norfolk, for $31.2 million. Tenants at the center, which was 90 percent leased at the time of sale, include Food Lion, Ross Dress for Less, Planet Fitness, Dollar Tree, Advance Auto Parts and Bojangles. Alex Quarrier and Thompson Brown of Berkeley Capital Advisors represented the seller, Hackney Real Estate Partners, in the transaction.

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Westfield-retail-office
Investment salesMixed-useNew JerseyNews

Marcus & Millichap Brokers $5.3 Million Sale of Retail, Office Property in Westfield, New Jersey

by Abby Cox

Westfield, N.J. — Marcus & Millichap has brokered the $5.3 million sale of 251 North Avenue West, a 17,831-square-foot retail and office building located in the Northern New Jersey community of Westfield. The three-story building features nine suites and was renovated in 2014. Tenants at the property include Columbia Bank, Edward Jones, the State of New Jersey, BAYADA Home Health Care and Rooster Spin. Alan Cafiero, David Cafiero and Damien Rance of Marcus & Millichap marketed the property on behalf of the seller and procured the private buyer.

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