Magnolia, Texas — Marcus & Millichap has brokered the sale of Windcrest Village Square, a 14,907-square-foot retail center located in Magnolia, roughly 45 miles northwest of Houston. Built in 2023, the center sits on 1.6 acres and is fully leased to a mix of tenants including The Toasted Yolk, Sugar Llamas, Anytime Fitness, Kitchen & Bath Shop and Ally Anne’s Kolache Kitchen. Allie Munday and Philip Levy of Marcus & Millichap’s Dallas office represented the seller in the transaction.
Atlanta — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open five new units in Texas. St. Louis-based entrepreneur Brett Stewart will own and operate the restaurants, which are dubbed “Cans.” The newest locations in the state will include Killeen, Temple and Waco. Stewart will now own and operate a total of 11 units in Texas after signing an initial deal for six units with Smalls Sliders in August 2024. Founded in 2019, Smalls Sliders has a portfolio of more than 350 restaurants currently open or under development.
Camp Hill, Pa. — Rite Aid has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of New Jersey, marking the second time in 24 months that the Pennsylvania-based convenience and drugstore chain has filed for voluntary bankruptcy protection. The previous filing in October 2023 preceded the closure of hundreds of stores across the country. The company is currently exploring opportunities to be acquired by outside entities. The company did not explicitly state how many of its stores would be immediately impacted but noted that it would …
Manchester, Conn. — Bob’s Discount Furniture has announced plans to open 20 new stores in 2025. Among the 20 stores, six will be located in North Carolina, marking the brand’s entry into the Southeast. Bob’s will also open its first location in Vermont. The brand’s 2025 expansion began in February, which included new store openings in Burnsville, Minnesota; Winchester, Virginia; Reno, Nevada; and Davenport, Iowa. Summer and fall openings will comprise locations in Queens, New York; Eatontown, New Jersey; Eaton, Pennsylvania; Williston, Vermont; Troy, Michigan; Dorchester, Massachusetts; Sacramento, California; and …
Mesa, Ariz. — Desert Troon Cos. has sold Superstition Gateway Shopping Center, a 495,000-square-foot retail power center located in Mesa, for $121 million. Situated on 65.7 acres at the southwest corner of U.S. Highway 60 and Signal Butte Road, the center was constructed in 2006 and 2012 and comprises 19 individual parcels. Current tenants at the property — which was 90 percent leased at the time of sale — include Super Walmart, Kohl’s, AMC Theatres, LA Fitness, Total Wine & More, Ross Dress For Less, Marshalls, Five Below, PetSmart, Panera Bread, …
Los Angeles — JLL Capital Markets has arranged a $21.5 million loan to refinance Juanita Tate Marketplace, a 77,096-square-foot retail center located in Los Angeles. Northgate Market anchors the fully leased center. Additional tenants at the property include CVS Pharmacy, Panda Express, Starbucks Coffee and Chase Bank. Alex Olson and Daniel Skerrett of JLL’s Debt Advisory team represented the borrower, Optimus Properties LLC, in arranging the five-year loan through institutional investors advised by J.P. Morgan Asset Management.
Brookfield, Wis. — Woof Gang Bakery & Grooming has opened its first store in Wisconsin, which marks the brand’s entry into its 27th state. The company has more than 70 store openings planned for 2025, including locations in Maryland, Massachusetts, Missouri, North Dakota, Oregon, Utah and Washington. In 2024, Woof Gang Bakery & Grooming opened 50 stores in 10 new states and Canada. Founded in 2007, Orlando, Florida-based Woof Gang Bakery & Grooming has more than 450 locations open or in development.
Shreveport, La. — STRIVE has brokered the sale of Bert Kouns Retail Plaza, a 14,000-square-foot retail property located in Shreveport, roughly 17 miles east of the Texas border. Originally built in 2002, the center was fully leased to a nail salon, Johnny’s Catfish, Unique LaChique’s Event Center, Tower Loan, Jackie’s Outlet and M&M Builders at the time of sale. Andrew Williams and Will Schubert of STRIVE represented the seller and sourced the buyer, both locally based in Louisiana. Additional terms of the sale were not disclosed.
West Palm Beach, Fla. — JLL Capital Markets has brokered the $45.7 million sale of Echo, a 71,694-square-foot mixed-use property located in downtown West Palm Beach. Originally built in 1925 and renovated in 2021, improvements to the property include a refreshed lobby, conference center, electric vehicle chargers, newly constructed lounge, as well as a new private courtyard. The mixed-use development features office space, 10,000 square feet of ground-floor retail and a 257-space parking garage. The property was 80 percent leased to Stone Point Capital, AltaRock Partners and Sound Point Capital at …
Los Angeles — A partnership between Hanley Investment Group Real Estate Advisors and SRS Real Estate Partners has arranged the $20.9 million sale of the retail component at Market Lofts in downtown Los Angeles. The retail portion of the project is anchored by a 49,489-square-foot Ralphs grocery store located on the ground floor. Completed in 2007, Market Lofts features 267 condominiums with 54,948 square feet of total ground-floor retail space. Along with Ralphs, the retail portion of the property is leased to six additional tenants including The UPS Store, Supercuts, …
