Author

Abby Cox

Midland-Commons
Investment salesNewsRhode Island

Atlantic Capital Partners Arranges $20.5 Million Sale of Midland Commons Power Center in Metro Providence

by Abby Cox

Warwick, R.I. — Atlantic Capital Partners has arranged the $20.5 million sale of Midland Commons, a 160,448-square-foot power center located in Warwick, approximately 12 miles north of Providence. Situated on roughly 23 acres, the center is anchored by Dick’s Sporting Goods, Burlington and Planet Fitness. Justin Smith, Chris Peterson, Sam Koonce, Danielle Turpin, Stephen Joseph, Stephen Hassenflu and Matt Ericson of Atlantic Capital Partners represented the seller and the buyer in the transaction. An alternative asset manager provided a $15 million non-recourse acquisition loan on behalf of the borrower, Montreal-based Brasswater. …

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FinanceIllinoisNews

Gantry Secures $12 Million in Refinancing of Shopping Center in Northwestern Illinois

by Abby Cox

Moline, Ill. — Gantry has secured a $12 million permanent loan to refinance maturing debt for Rock River Plaza, a 389,375-square-foot power center located in the northwestern Illinois city of Moline along the Mississippi River. Walmart and Lowe’s anchor the center, which features additional tenants such as Marshalls, Five Guys, Chick-fil-A, Applebee’s and AT&T. Joe Monteleone and Rulin Dai of Gantry represented the borrower, a private real estate investor. A CMBS lender provided the five-year, fixed-rate loan, which features interest-only payments for the full term.  

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CaliforniaInvestment salesNews

CBRE Arranges $3.7 Million Sale of Multi-Tenant Retail Property in Southern California

by Abby Cox

Santee, Calif. — CBRE has arranged the sale of a multi-tenant retail building located at 8781 Cuyamaca St. and 9822 Buena Vista Ave. in the Southern California city of Santee, roughly 18 miles northeast of downtown San Diego. Affiliates of Calgary Development sold the property to Burggraf Family Trust for $3.7 million. Situated on 1.1 acres, the property features 16,390 square feet of retail space and was 90 percent leased at the time of sale. Reg Kobzi, Michael Peterson and Lane Robertson of CBRE represented the seller, while William Strocco Jr. …

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DevelopmentMixed-useNewsNorth Carolina

Portman to Bring 30,000-Square-Foot Food Hall to Savona Mill Redevelopment in Charlotte, North Carolina

by Abby Cox

Charlotte, N.C. — Portman has announced plans for Savona Food Works, a 30,000-square-foot food hall that will anchor the company’s Savona Mill adaptive reuse project in Charlotte’s West End district. Veteran food hall operator Robert Montwaid will lead the dining installation, which will offer 25 food stalls, a full-service restaurant and bar, coffee shop, flower market and rooftop bar. Montwaid’s previous ventures include leading Gansevoort Market in New York City’s Meatpacking District and Chattahoochee Food Works in Atlanta’s West Midtown neighborhood. Savona Food Works will be situated in the “Weave building,” …

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Grocery-anchoredInvestment salesNewsVirginia

Marcus & Millichap Brokers $10.2 Million Sale of H-Mart-Anchored Shopping Center in Northern Virginia

by Abby Cox

Manassas, Va. — Marcus & Millichap has brokered the $10.2 million sale of a 67,022-square-foot shopping center located in Manassas, roughly 31 miles southwest of Washington, D.C. H Mart anchors the center, which was built in 1981. Other tenants at the property, which was fully leased at the time of sale, include Starbucks Coffee, Domino’s Pizza and Wingstop, as well as several local retailers. Dean Zang and David Crotts of Marcus & Millichap marketed the property on behalf of the seller, a private individual based in the local area, and procured …

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DevelopmentFloridaIndianaKentuckyNewsRetailers

BJ’s Wholesale to Open New Locations in Three States

by Abby Cox

Marlborough, Mass. — BJ’s Wholesale Club is set to open new locations in Kentucky, Florida and Indiana. The new clubs are part of the Marlborough, Massachusetts-based company’s ongoing strategy to open 25-30 new clubs every two years. The new clubs will be in: • Frankfort, Kentucky • Ocala, Florida • Lecanto, Florida • Port St. Lucie, Florida • Portage, Indiana With the announcement of these locations, BJ’s plans to open a total of 12 new clubs in the 2026 fiscal year, inclusive of BJ’s recent launch in Texas with four …

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CaliforniaLeasingNews

NewMark Merrill Signs Leases with 11 New Tenants at Desert Sky Plaza II in Victorville, California

by Abby Cox

Victorville, Calif. — NewMark Merrill Cos. has signed leases with 11 new tenants at Desert Sky Plaza II, a planned 30-acre shopping center located in Victorville, approximately 35 miles north of San Bernardino.  The project is nearly 85 percent preleased to tenants including Ross Dress for Less (25,000 square feet); 7-Eleven; Quick Quack Car Wash (3,600 square feet); Better Buzz Coffee Roasters (1,750 square feet); Luna Grill (2,100 square feet); 85°C Bakery Café (3,555 square feet); Ono Hawaiian BBQ (2,000 square feet); Country Kitchen (3,250 square feet); Yogurtland (1,200 square feet); …

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Company newsNew YorkNews

CREATE Architecture Appoints First Senior Associate, Chief Technical Director

by Abby Cox

New York City — New York City-based CREATE Architecture Planning & Design has appointed Shawn Laug as the company’s first senior associate and chief technical director. During his 12-year tenure with the firm as an architect and project leader, the company expressed that Laug has “embodied CREATE’s core values such as service, quality and attention.” Laug will spearhead the firm’s expansion throughout New England. “Shawn has earned the trust of our clients and our team through his consistency, technical strength and steady leadership,” says Frankie Campione, principal and founder of CREATE. …

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Grocery-anchoredInvestment salesNewsTexas

Brixmor Property Group Acquires 72,184-Square-Foot Grocery-Anchored Shopping Center in Houston

by Abby Cox

Houston — Brixmor Property Group has acquired Vintage Marketplace, a 72,184-square-foot shopping center located in Houston, roughly 26 miles northwest of downtown. Ryan West, Chris Gerard and Erin Lazarus of JLL represented the seller in the transaction. Whole Foods Market anchors Vintage Marketplace, which was 94.4 percent occupied at the time of sale. Additional tenants at the property include Torchy’s Tacos, Orangetheory Fitness, Mod Pizza, Jersey Mike’s Subs and Nothing Bundt Cakes, among other service-oriented retailers.

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ArizonaInvestment salesNews

Marcus & Millichap Brokers $9.7 Million Sale-Leasebacks of Two Car Wash Properties in Arizona

by Abby Cox

Tucson and Glendale, Ariz. — Marcus & Millichap has negotiated the sales of two single-tenant Super Star Car Wash properties in Tucson and Glendale for a combined $9.7 million. Super Star Car Wash sold the assets to two separate buyers. The Tucson property, located at 8690 E. Golf Links Road, sold for $4.7 million. Built in 2024, the 4,226-square-foot car wash sits on approximately 1.2 acres. The Glendale property, located at 5131 W. Olive Ave., sold for $5 million. Completed in 2025, the 4,620-square-foot asset occupies approximately 1.1 acres. Founded in …

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