Alameda, Calif. — Marcus & Millichap has arranged the $5 million sale of a single-tenant retail property located in the Bay Area city of Alameda. Peet’s Coffee & Tea occupies the 3,000-square-foot building on a 10-year lease with annual rent increases. Mark Mason of Marcus & Millichap procured the buyer, a California-based private corporate trust. Brandon Norton and David Lucas of Monarch Commercial Advisors represented the seller, a California-based add-value private client.
City of Industry, Calif. and Egg Harbor Township, N.J. — Spencer Spirit Holdings has signed a definitive agreement with Sycamore Partners to acquire Hot Topic and its portfolio of brands: Hot Topic, BoxLunch and Her Universe. The transaction unites six complementary retail concepts under one umbrella, expanding the combined company’s total footprint to more than 3,000 stores across North America. After closing, Hot Topic, BoxLunch and Her Universe will continue to operate independently from the Spencer Spirit business and maintain their existing headquarters in California. The transaction, which is subject to customary …
A perpetual dearth of affordable retail space within Boston proper has more users targeting secondary and tertiary markets as they look to penetrate the greater New England region. Ask a local retail broker or landlord to name tenants that are currently expanding aggressively in the greater Boston area and throughout New England as a whole, and odds are that “Ross Dress for Less” will come up within the first minute. Of course, the California-based discount retailer has been crushing it for some time now. Ross announced in mid-March that it …
Bubbakoo’s Burritos has planned a strategic expansion that targets suburban centers. In a retail landscape increasingly defined by adaptability, Bubbakoo’s Burritos is carving out a distinctive growth story — one that blends flavor with disciplined site selection. What began as a regional fast-casual concept has steadily evolved into a brand with national ambitions, targeting suburban retail corridors and neighborhood centers. As landlords look to activate spaces with tenants that drive repeat visits and longer dwell times, Bubbakoo’s expansion underscores a broader shift: dining concepts are no longer just traffic generators — they …
Retail design has evolved beyond the conveyance of goods and into the realm of community amenity. With more food and beverage, outdoor spaces and entertainment, retail centers are being viewed by many consumers and communities more as a place to spend time than purchase goods. While goods and services may still be at the forefront of their function, many developers have taken their cues from resorts and parks to understand how to give consumers an experience worth paying for. “Retail developers increasingly recognize that consumers are seeking experiences that encourage …
Gallatin, Tenn. — Blackwater Real Estate has sold Newmans Crossing, a 63,987-square-foot retail center located in Gallatin, approximately 30 miles northeast of Nashville. Built in 2022 and 2023, the fully leased property is anchored by a 48,387-square-foot Publix. Additional tenants include Agaves Mexican Restaurant, Kung Fu Tea, Ichiban Steak Express, Fowler Family Dentist, Galaxy Nail Bar and Crown & Iris. Jim Hamilton, Brad Buchanan and Charlie Merrigan of JLL represented Blackwater Real Estate in the transaction. Publix purchased the property for an undisclosed price.
Matawan, N.J. — Marcus & Millichap has brokered the $14.7 million sale of Park Plaza, a 61,750-square-foot retail center located in Matawan, approximately 40 miles south of Manhattan. Built in 1986, the property features 20 retail suites and a mix of dining, lifestyle and service-oriented tenants, including a Dunkin’ with a drive-thru. Seth Goldberg, Brent Hyldahl and Alan Cafiero of Marcus & Millichap marketed the property on behalf of the seller and procured the buyer, both private investors from New Jersey.
North Las Vegas, Nev. — Agora Realty has completed the construction of Hylo Park South, a 90,750-square-foot retail center located in North Las Vegas. The property will serve as the central gathering place for Hylo Park, a 73-acre master-planned community currently under development. The 11-acre center is 95 percent leased to tenants including Ross Dress for Less, Starbucks Coffee, Chipotle Mexican Grill, In-N-Out Burger, PDS Health, AT&T, The UPS Store, Chase Bank, Allstate, Sourdough & Co. and Tesla. Cardenas Markets anchors the property, which will open in early 2027.
Chicago — The Shops at North Bridge, a 678,000-square-foot retail center located along Chicago’s Magnificent Mile, is undergoing a $40 million renovation led by owner Pacific Life and property manager Centennial Real Estate. The multi-phase restoration will introduce a new street presence, hospitality-inspired interiors and a reimagined mix of retail and dining. The redesigned entrance at the property will emphasize visual connectivity between Michigan Avenue and the interior retail environment, and will include updated tenant signage and architectural enhancements. Nordstrom’s flagship location will remain a central component of the design. …
Walterboro, S.C. — Marcus & Millichap has brokered the $9.5 million sale of a newly constructed gas station and convenience store located in Walterboro. 7-Eleven and a CAT Scale weigh station occupy the 4,824-square-foot property. Haris Hanifi and Robert Filley of Marcus & Millichap represented the buyer in the transaction. Benjamin Yelm was the firm’s broker of record in South Carolina.
