Author

Abby Cox

Investment salesNewsPennsylvania

JLL Arranges $39 Million Sale of 56,252-Square-Foot Prickett Preserve Shopping Center in Metro Philadelphia

by Abby Cox

Yardley, Pa. — JLL Capital Markets has arranged the $39 million sale of Prickett Preserve, a 56,252-square-foot shopping center located in Yardley, roughly 30 miles northeast of Philadelphia. Prickett Preserve holds the highest price per square foot for any shopping center deal ever sold in the Philadelphia MSA, according to JLL. Completed between 2023 and 2024, the property serves as the retail centerpiece of the broader Prickett Preserve mixed-use development. The center was 99 percent leased at the time of sale to tenants including CVS Pharmacy, Chase Bank, Chipotle Mexican Grill, …

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Investment salesNewsSouth Carolina

CSNREIT Acquires 162,326-Square-Foot Manchester Village Near Charlotte, North Carolina 

by Abby Cox

Rock Hill, S.C. — Cohen & Steers Income Opportunities REIT (CSNREIT) has acquired Manchester Village, a 162,326-square-foot power center located in Rock Hill, roughly 25 miles south of downtown Charlotte, North Carolina. CNSREIT purchased Manchester Village through a programmatic joint venture with the Sterling Organization. The retail property, which was 99 percent leased at the time of sale, features a mix of tenants including HomeGoods, Ross Dress for Less, T.J. Maxx, Michaels, Books-A-Million, Ulta Beauty and Five Below, among others.

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Midtown64
Grocery-anchoredLeasingMixed-useNewsVirginia

Greenberg Gibbons Signs Two New Anchor Tenants at $500 Million Mixed-Use Project in Richmond, Virginia

by Abby Cox

Richmond, Va. — Greenberg Gibbons has signed two new anchor tenants at Midtown64, a planned 64-acre mixed-use project in Richmond. The first phase of the $500 million development, which includes the project’s retail component, is expected to be completed in 2028. Trader Joe’s and Onelife Fitness will add approximately 130,000 square feet of leased space at Midtown 64. Onelife Fitness, which will occupy 65,000 square feet across two levels, will feature a turf training area, an indoor saltwater swimming pool, a kid’s club, recovery suite and spa-inspired locker rooms, as well …

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Hawaiian-Bros
DevelopmentFloridaNewsRestaurants

Hawaiian Bros Signs 52-Unit Development Agreement to Enter Florida

by Abby Cox

Florida — Hawaiian Bros Island Grill, an island-inspired restaurant concept, has signed a 52-unit development agreement with Southern Rock Restaurants. The deal marks the brand’s entry into Florida, with Southern Rock planning to develop the 52 restaurants across Jacksonville, Gainesville, Tampa and Orlando over the next six years, including 24 restaurants planned in the next three years.

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Springfield Crossing
Grocery-anchoredInvestment salesMassachusettsNews

Atlantic Capital Partners Arranges $35.3 Million Sale of Two Anchor Boxes in Springfield, Massachusetts

by Abby Cox

Springfield, Mass. — Atlantic Capital Partners has arranged the $35.3 million sale of two newly constructed anchor boxes located within Springfield Crossing in the Western Massachusetts city of Springfield. The two buildings, which are leased to BJ’s Wholesale Club and Hobby Lobby, total 159,344 square feet. Springfield Crossing, a 228,756-square-foot open-air center, features a mix of additional tenants including PetSmart, La-Z-Boy, Chick-fil-A, Chipotle Mexican Grill, Chase Bank, Carter’s and Skechers. Transformed from the former Eastfield Mall, Springfield Crossing is currently 99 percent occupied. Justin Smith, Chris Peterson, Danielle Turpin, Matt Ericson …

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Cleveland Marketplace
FloridaGrocery-anchoredInvestment salesNews

Dowd Cos. Negotiates $7 Million Sale of Grocery-Anchored Center in Southwest Florida

by Abby Cox

Punta Gorda, Fla. — The Dowd Cos. has negotiated the $7 million sale of Cleveland Marketplace, a 66,479-square-foot community center located in the Southwest Florida city of Punta Gorda. Winn-Dixie, which has anchored the center since 1998, occupies 48,399 square feet alongside daily-needs and restaurant tenants including Hanna Pharmacy, Subway, Sky Liquor and Empire Bagel. John Dowd, Theresa Johnson and Peyton Dowd of The Dowd Cos. represented both the seller and the buyer, a private 1031 investor, in the transaction.

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5546 Broadway
DevelopmentInvestment salesNew YorkNews

OakNorth Provides $7.1 Million Loan for Acquisition, Redevelopment of Retail Property in the Bronx

by Abby Cox

New York City — OakNorth, a digital commercial bank and financial technology company, has provided a $7.1 million loan for the acquisition of 5546 Broadway, a 10,000-square-foot retail property located within the Marble Hill/Kingsbridge neighborhood of The Bronx. The property has roughly 200 feet of frontage on Broadway and at the main entrance to the 114,000-square-foot Broadway Plaza Mall. The buyers, Crown Acquisitions and KSR Capital, will use the loan to redevelop the property, support tenant improvements and fund leasing costs.

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DevelopmentInvestment salesNewsTexas

CenterPoint Acquires 12 Acres in Metro Dallas, Plans Retail Development

by Abby Cox

Waxahachie, Texas — CenterPoint Commercial Properties has acquired 12 acres in Waxahachie, roughly 30 miles south of Dallas, with plans to develop the Village at Soma Creek. The project forms a portion of a 22-acre retail component that is part of a larger 76.7-acre master-planned development in Ellis County. CenterPoint plans to develop the property with a mix of national and regional retailers, restaurants and service-oriented uses, incorporating a combination of pad sites, ground leases and build-to-suit opportunities. The company is already negotiating terms with several national tenants for locations within …

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FeaturesFrom The Magazine

A Market In Motion

by Abby Cox

Developers, retailers capitalize on Florida’s booming economy. “The Florida retail market is hot — pun intended,” says Steve Miskew, CEO and principal at Southeast Centers, a real estate asset management and development company based in Boca Raton.  It’s an easy line to smile at, but it also became the refrain of nearly every conversation with sources interviewed for this story. The wording changed from interview to interview — “booming,” “dynamic,” “opportunity-rich” — yet the sentiment never did.  Florida’s retail sector continues to outperform expectations, fueled by relentless population growth, world-leading tourism, …

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FeaturesFrom The Magazine

Creating a True Destination

by Abby Cox

Miramar Cove will bring a comfortable, approachable town center to a growing area of South Florida. South Florida has seen exponential growth over the past five years. Since 2020, the population of Broward and Miami-Dade counties has grown by approximately 170,000 people, according to U.S. Census data, pushing residents further inland to areas once considered pass-through or home only to business interests. Rooftops are being built further from the coast, but the desire to be near the water remains. Western Broward County and northern Miami-Dade County — anchored by large …

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