Author

Abby Cox

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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Lahaina-Cannery
HawaiiInvestment salesNews

U.S. Realty Partners Sells Two-Property Retail Portfolio in Lahaina, Hawaii, for $155M

by Abby Cox

Lahaina, Hawaii — An affiliate of U.S. Realty Partners has sold a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.

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Redners-Douglassville
Grocery-anchoredInvestment salesNewsPennsylvania

Marcus & Millichap Brokers $7.1 Million Sale of Grocery Store in Eastern Pennsylvania

by Abby Cox

Douglassville, Pa. — Marcus & Millichap has brokered the $7.1 million sale of a grocery store located within Douglassville Shopping Center in the Eastern Pennsylvania city of Douglassville, roughly 40 miles northwest of Philadelphia. Redner’s Fresh Market occupies the 48,000-square-foot building, which was built in 1976 and renovated in 2025. Redner’s Markets is a privately held, employee-owned grocery company with 64 locations across the Mid-Atlantic. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap listed the property on behalf of the seller, a regional limited partnership, and procured …

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Dadeland-Station
FloridaLeasingNews

Two New Retail Tenants Open at Dadeland Station in Miami

by Abby Cox

Miami — Two new anchor tenants have opened at Dadeland Station, a 350,000-square-foot, three-level power center located in Miami, just east of the Dadeland Mall. Burlington opened in August, followed by Marshalls in September. Together, the off-price retailers add approximately 62,000 square feet of leased space to the property. The new stores join a roster of additional tenants including Target, Best Buy, Michaels, PetSmart, Starbucks Coffee, Subway, Avis, Enterprise Rent-A-Car and Lan Pan-Asian Café. Berkowitz Development Group holds a 60 percent majority stake in Dadeland Station, managing and operating the property …

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ArizonaCompany newsNewsRestaurants

True Food Kitchen Files for Chapter 11 Bankruptcy

by Abby Cox

Scottsdale, Ariz. — True Food Kitchen, a wellness-driven casual restaurant chain, has voluntarily filed for Chapter 11 bankruptcy protections in the U.S. Bankruptcy Court for the Southern District of Texas. As part of its restructuring, the chain has closed 12 restaurants. Its remaining 34 locations, which span 14 states, remain in operation. According to the press release, True Food Kitchen will pursue a court-supervised sale and will identify a long-term partner with the resources and alignment to support the chain’s future. True Food Kitchen also shared that it would use the …

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