Author

Abby Cox

Deer-Valley-Shoppes
ArizonaColoradoInvestment salesNevadaNewsNorth Carolina

CenterSquare Acquires Four Centers

by Abby Cox

Conshohocken, Pa. — Conshohocken, Pennsylvania-based CenterSquare Investment Management has acquired four shopping centers in four states. The portfolio includes Trade Court Shoppes Add-On, a fully leased, 14,721-square-foot retail center in Charlotte, North Carolina; Deer Valley Shoppes, a 17,000-square-foot retail strip center in Phoenix; Lake Mead Gateway Plaza, a fully leased, 19,671-square-foot shopping center in Henderson, Nevada; and The Shops at Foothills Mall, a 111,220-square-foot retail center in Fort Collins, Colorado. Together, the shopping centers span more than 162,000 square feet and were 93 percent occupied at the time of sale.

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The-Legacy
Investment salesNewsTexas

JLL Negotiates Sale of 353,000-Square-Foot Lifestyle Center in San Antonio

by Abby Cox

San Antonio — JLL Capital Markets has negotiated the sale of The Legacy, a 353,000-square-foot lifestyle center located in San Antonio. Barry Brown, Whitney Snell and Shea Petrick of JLL represented the seller, Santikos Real Estate Services. Rio Capital, in partnership with Triangle Capital Group, purchased the property. Built in 2006 on 32.2 acres, The Legacy features a mix of tenants such as Main Event Entertainment, Best Buy, Spec’s, Paul Mitchell and Buffalo Wild Wings. Along with ground-floor retail, the property includes second floor office space and five pad sites.

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Glenwood-Retail-Center
Investment salesNewsNorth Carolina

Marcus & Millichap Brokers $2.9 Million Sale of Glenwood Retail Center in Raleigh, North Carolina

by Abby Cox

Raleigh, N.C. — Marcus & Millichap has brokered the $2.9 million sale of Glenwood Retail Center, a 10,000-square-foot retail property located in Raleigh. The three-tenant center was built in 1997 and was fully occupied at the time of sale by tenants including Apotheca, Stylist Studios and Kingdom Life Church International. Patrick Barratt, Andrew Margulies and Harrison Creason of Marcus & Millichap marketed the property on behalf of the Raleigh-based seller and procured the buyer, a Raleigh-based private partnership.

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modera-higley-commons
ArizonaLeasingMixed-useNews

Mill Creek Residential Signs Leases with Seven New Tenants at Modera Higley Commons in Gilbert, Arizona

by Abby Cox

Gilbert, Ariz. — Mill Creek Residential has signed seven new leases totaling 16,650 square feet at Modera Higley Commons, a mixed-use apartment community located in Gilbert, a suburb of Phoenix. Tenants will include The Mick Brasserie, California Closets, Pvolve, Zara Nail Bar, Playa Bowls, Bodybar Pilates and GoodVets. Roughly 85 percent of the retail space is now occupied. Modera Higley Commons features 19,602 square feet of ground-floor retail space, along with 276 apartments.

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Gaslamp-Quarter-Retail-SD-CA
CaliforniaFinanceNews

PSRS Arranges $24 Million in Refinancing for Retail Building in San Diego

by Abby Cox

San Diego — PSRS has secured $24 million in refinancing for a retail asset in San Diego. Located in the historic Gaslamp Quarter, the property offers 54,650 square feet of retail space. Tony Messiah of PSRS arranged the financing through one of the firm’s correspondent life insurance companies. The loan features a five-year term and a 25-year amortization schedule.

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DevelopmentFloridaNews

MMG Plans to Develop 35,810-Square-Foot Retail Center at Kendall Town Center in South Florida

by Abby Cox

West Kendall, Fla. — MMG Equity Partners is under contract to acquire a 5.1-acre site within Kendall Town Center, a 70-acre master-planned community in West Kendall. The project, called The Shops at Kendall Town Center, will feature 35,810 square feet of restaurants and shops and 4,321 square feet of outdoor terrace space. The developer has submitted plans to Miami-Dade County and is currently seeking administrative site plan approval. The site is located at the intersection of North Kendall Drive (SW 88th Street) and Southwest 158th Avenue. MMG has selected Ed …

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center_point_wilmington
LeasingMixed-useNewsNorth Carolina

CBRE Signs Leases with Five New Retail Tenants at Center Point Mixed-Use Development in Wilmington, North Carolina 

by Abby Cox

Wilmington, N.C. — CBRE has signed leases with five new retail tenants at Center Point, a mixed-use project under development in Wilmington. Totaling more than 13,000 square feet, the new leases will include Nest Interiors and Blended Shoes + Apparel — which will be merged into a shared space — as well as Burton’s Grill & Bar, Thompson’s of Wilmington and Jeff’s Bagel Run. These tenants mark the first retail commitments within Phase I of Center Point, which will feature approximately 33,000 square feet of retail space. A joint venture between …

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CaliforniaDevelopmentNewsRestaurants

Wetzel’s Pretzels, Cold Stone Creamery to Open More Than 17 Co-Branded Locations in 2026

by Abby Cox

Pasadena, Calif. — Fast food bakery chain Wetzel’s Pretzels and ice cream parlor chain Cold Stone Creamery are expanding their national footprint through co-branded locations. The brands currently have three co-branded locations under development for May, with plans to open an additional eight units by the end of 2026. This pipeline is on top of several new co-branded locations that opened earlier this year. Recent or upcoming openings include: • Clifton Park, New York • Columbus, Ohio • Alamo Ranch, Texas • Bennington, Nebraska • Bronx, New York • Lewisville, Texas …

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Firethorne-Plaza
Investment salesNewsTexas

Phillips Edison & Co. Acquires 29,986-Square-Foot Retail Strip Center in Suburban Houston

by Abby Cox

Katy, Texas — Phillips Edison & Co. has acquired Firethorne Plaza, a 29,986-square-foot retail strip center located in Katy, a western suburb of Houston. Ryan West and John Indelli of JLL represented the seller in the transaction. Situated at the entrance of the Firethorne master-planned community, the retail center was fully leased to 14 tenants at the time of sale. Retailers and restaurants at the property include Edward Jones, Pizza Hut, Tide Dry Cleaners, Fusion Wok, Café Petra, Evolve Fitness, EZ Floors and Eye Level Learning.

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Dutch-Bros_Lutz
FloridaInvestment salesNews

SRS Brokers $6.6 Million Sale of Two Adjacent Retail Properties in Metro Tampa

by Abby Cox

Lutz, Fla. — SRS Real Estate Partners has brokered the $6.6 million ground lease sale of two adjacent retail properties located at 18640 and 18710 Fla. Highway 54 in Lutz, a northern suburb of Tampa in Hillsborough County. Dutch Bros and Fifth Third Bank occupy the two newly developed properties on triple-net leases, with 15 and 20 years remaining on their terms, respectively. Patrick Nutt and William Wamble of SRS represented the seller, an Atlanta-based development and investment group, in the portfolio transaction. The Tampa-based buyer purchased both properties in …

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