Author

Abby Cox

Legacy-Place
FloridaInvestment salesNews

DLC, Principal Asset Management Purchase 419,936-Square-Foot Legacy Place in South Florida

by Abby Cox

Palm Beach Gardens, Fla. — DLC and Principal Asset Management have acquired Legacy Place, a 419,963-square-foot lifestyle center located in the South Florida city of Palm Beach Gardens. Lone Star Funds, who purchased the property in 2021, is expected to have sold the property for more than $100 million, according to the South Florida Business Journal. Legacy Place was 93 percent leased at the time of sale and features a mix of over 75 retailers, restaurants and entertainment venues. Tenants include Capital Grille, Eddie V’s, Best Buy, Michaels, Aritzia, Madewell, Shake …

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ansonia-shopping-center
ConnecticutInvestment salesNews

Zelco Properties, Grossman Acquire 175,000-Square-Foot Ansonia Shopping Center in Southwest Connecticut for $8.4 Million

by Abby Cox

Ansonia, Conn. — A joint venture between Zelco Properties and The Grossman Cos. has acquired Ansonia Shopping Center, a 175,000-square-foot retail center located in Southwestern Connecticut’s New Haven County, for $8.4 million. The joint venture plans to reposition the property to introduce daily needs anchors and service-oriented retailers, and will complete renovations to the roofs, exteriors, HVAC systems and parking areas, as well as tenant-specific improvements. Charter Realty, the real estate brokerage and services arm of Zelco Properties, is handling leasing for the project. Entities doing business as AGS Ansonia …

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Crossroads-Savannah
DevelopmentGeorgiaGrocery-anchoredLeasingNews

Ardent Signs Sprouts Farmers Market to Anchor Crossroads Shopping Center in Savannah, Georgia

by Abby Cox

Savannah, Ga. — The Ardent Cos. has signed Sprouts Farmers Market to anchor Crossroads Shopping Center, a 92,000-square-foot retail center located in Savannah. Ardent will redevelop 28,000 square feet for the addition of Sprouts Farmers Market, as well as a second retail suite. In addition to repositioning the tenant mix, the Atlanta-based real estate firm will also upgrade the property’s façade. Demolition is expected to begin this summer, with a targeted opening in 2027.

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Rosedale-Center
LeasingMinnesotaNews

Three Retailers Join Tenant Line-Up at 1.1 Million-Square-Foot Rosedale Center in Metro Twin Cities

by Abby Cox

Roseville, Minn. — Three retailers have joined the tenant line-up at Rosedale Center, a 1.1 million-square-foot shopping mall located in the Twin Cities suburb of Roseville. Swarovski opened a 1,051-square-foot store in April, and Hammer Made will open its 576-square-foot store later this month. Lastly, Abercrombie & Fitch will debut a 5,500-square-foot space this summer. Existing retailer PacSun also opened its newly remodeled 3,995-square-foot store in April. Tenants that opened at the property in 2025 include Kendra Scott, J.Crew Factory, Johnston & Murphy, Lolli & Pops, Paris Baguette and BRKTHROUGH. …

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sarasota-square
DevelopmentFloridaMixed-useNews

Torburn, Jamestown Announce Next Steps for Mixed-Use Redevelopment of Sarasota Square Mall in Florida

by Abby Cox

Sarasota, Fla. — Torburn Partners, a real estate development and investment firm based in Chicago, and leasing and placemaking partner Jamestown are moving forward with Sarasota Square, a mixed-use redevelopment of the former Sarasota Square Mall. The mixed-use development spans nearly 100 acres at the corner of South Tamiami Trail and Beneva Road in Sarasota. Sarasota Square Mall originally opened in September 1977 and closed in December 2024. Phase I of the project, which is expected to be delivered in the first quarter of 2027, will introduce approximately 90,000 square …

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VA-Hospital-Redevelopment_Denver
ColoradoDevelopmentFinanceMixed-useNews

Walker & Dunlop Arranges $130 Million in Financing for Mixed-Use Redevelopment of Former VA Hospital in Denver

by Abby Cox

Denver — Walker & Dunlop has arranged $130 million in financing to fund the mixed-use redevelopment of a former Veterans Affairs (VA) hospital campus in Denver. GM Development, a locally based urban infill development firm, is the borrower.  Chris Rumu, Jason Silva, Cole Parker and Mike Valucci of Walker & Dunlop arranged the financing through the U.S. Department of Housing and Urban Development (HUD) 221(d)(4) loan program. This marks the largest HUD 221(d)(4) loan in the company’s history. (The 221(d)(4) loan product is HUD’s construction-to-permanent financing program that funds the …

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west-broad-commons
Grocery-anchoredInvestment salesNewsVirginia

Berkeley Capital Advisors Negotiates $18.8 Million Sale of West Broad Commons in Richmond, Virginia

by Abby Cox

Richmond, Va. — Berkeley Capital Advisors has negotiated the $18.8 million sale of West Broad Commons, a 109,551-square-foot shopping center located in Richmond. Rob Carter, Alex Quarrier and Thompson Brown of Berkeley Capital Advisors represented the seller. The private buyer is based in Maryland. Tenants at the center, which was fully leased at the time of sale, include New Grand Mart, Teppanyaki Grill & Buffett and Empire Beauty School. West Broad Commons spans nearly 12 acres.

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Daniels-Crossing
FloridaGrocery-anchoredInvestment salesNews

JLL Arranges Sale of 110,780-Square-Foot Neighborhood Center in Fort Myers, Florida

by Abby Cox

Fort Myers, Fla. — JLL has arranged the sale of Daniels Crossing, a 110,780-square-foot neighborhood center located in Fort Myers. Danny Finkle and Jorge Portela of JLL represented the seller, a joint venture between Forge Capital Partners and The Sembler Co. Publix Super Markets was the buyer. The property, which is anchored by a newly redeveloped Publix, was fully leased at the time of sale. Additional tenants include Quest Diagnostics, Hope Chest Hospice, Millennium Physician Group and The UPS Store.

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marina-marketplace
CaliforniaNewsPower centersRetailers

Nordstrom Rack to Open Two New California Stores

by Abby Cox

Marina del Rey and Torrance, Calif. — Seattle-based fashion retailer Nordstrom plans to open two new Nordstrom Rack stores in Southern California. One of the stores will be located at Marina Marketplace, a 414,325-square-foot power center located in Marina del Rey, approximately 12 miles west of downtown Los Angeles. Tenants at Marina Marketplace, which is leased and managed by JLL, include Gelson’s Market, Equinox, Ulta Beauty, Barnes & Noble, Yard House and an AMC Dine-In Theatre. The second store will be situated at Rolling Hills Plaza, a 500,000-square-foot retail center located …

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orange-plaza
FinanceNew YorkNews

Cronheim Arranges $75 Million in Financing for 811,272-Square-Foot Power Center in Middletown, New York

by Abby Cox

Middletown, N.Y. — Cronheim Mortgage has arranged $75 million in financing for Orange Plaza, an 811,272-square-foot regional power center located in Middletown, about 55 miles northwest of New York City in the Hudson Valley region. Brandon Szwalbenest, Andrew Stewart, and Dev Morris of Cronheim Mortgage secured the financing through a life insurance company on behalf of the borrower, National Realty & Development Corp. The seven-year loan features a 30-year amortization schedule. Orange Plaza was 94 percent occupied at the time of sale to tenants including Walmart, Home Depot, Kohl’s, Burlington, Ross …

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