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Abby Cox

Shoppes at East Stone
Investment salesNewsTennessee

Marcus & Millichap Arranges Sale of 23,876-Square-Foot Retail Center in Kingsport, Tennessee

by Abby Cox

Kingsport, Tenn. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, the property was 95 percent leased at the time of sale to tenants including Jersey Mike’s, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Michael J. Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. 

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Westgate Entertainment District
ArizonaLeasingMixed-useNews

Western Real Estate Advisors to Provide Leasing for Westgate Entertainment District in Metro Phoenix

by Abby Cox

Glendale, Ariz. — Western Real Estate Advisors has been selected to provide leasing for the retail portion of Westgate Entertainment District, a 623,734-square-foot super-regional mixed-use project under development in Glendale, roughly nine miles northwest of downtown Phoenix. Charles Skaggs, Noah Anastassatos and Haley Perez of Western Retail Advisors will lead leasing efforts at the property, which is owned and operated by YAM Properties LLC. The retail portion of the Westgate Entertainment District, which is 98 percent leased, features 388,885 square feet of shops, eateries and entertainment venues across 15 buildings. Tenants …

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Grocery-anchoredInvestment salesNewsVirginia

Cohen & Steers, Philips Edison Acquire Kroger-Anchored Shopping Center in Charlottesville, Virginia

by Abby Cox

Charlottesville, Va. — A joint venture between Cohen & Steers Income Opportunities REIT (CNSREIT) and Philips Edison & Co. (PECO) has acquired Rio Hill Shopping Center, a 288,000-square-foot open-air shopping center located near the University of Virginia (UVA) in Charlottesville. This transaction marks CNSREIT’s third acquisition with PECO and its seventh open-air shopping center. Rio Hill Shopping Center is leased to Kroger and two TJX concepts. The sales price was not disclosed.

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Fabyan Randall Plaza
Grocery-anchoredIllinoisInvestment salesNews

Cushman & Wakefield Negotiates Sale of 91,415-Square-Foot Retail Center in Suburban Chicago

by Abby Cox

Batavia, Ill. — Cushman & Wakefield has negotiated the sale of Fabyan Randall Plaza, a 91,415-square-foot neighborhood retail center located in Batavia, a western suburb of Chicago. Trader Joe’s anchors the property, which features a mix of additional retailers including Sierra Trading Post, Dollar Tree and a freestanding Walgreens. Evan Halkias and David Matheis of Cushman & Wakefield, along with Glenn Rudy of Newmark Pacific, represented the seller, Plano, Texas-based NetCo Investments Inc., in the transaction. The buyer was a private investor.

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Ashford Village Center
Grocery-anchoredInvestment salesNewsTexas

Whitestone REIT Acquires 81,407-Square-Foot Grocery-Anchored Center in Houston

by Abby Cox

Houston — Whitestone REIT has acquired Ashford Village Center, an 81,407-square-foot grocery-anchored, neighborhood shopping center located in Houston. Tenants include Thanjai Mess, Ramen Bar Ichi, Japan House, Dollar Tree, Giggles and Fun, Salon Village and Japanese grocer Seiwa Market, which anchors the property. Ashford Village Center was originally built in 1979 on roughly 7 acres, according to LoopNet Inc. Ashford Village marks Whitestone’s 10th neighborhood shopping center acquisition in Houston.

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Taco John's
Company newsDevelopmentMinnesotaNews

Taco John’s Signs Five-Unit Franchise Agreement in North Dakota

by Abby Cox

St. Louis Park, Minn. — Mexican quick-service restaurant Taco John’s has signed a franchise agreement to open five new units in North Dakota. The deal will bring five new units to Fargo, with the first scheduled to open by the end of the year, and the second following in early 2026. Entrepreneur Brett Itterman will own and operate the restaurants. Founded in 1969 in Cheyenne, Wyoming, Taco John’s operates and franchises nearly 350 restaurants across 22 states.

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Company newsNews

Simon Acquires Remaining Interest in Taubman Realty Group

by Abby Cox

Indianapolis — Simon Property Group has acquired the remaining 12 percent interest in The Taubman Realty Group (TRG), a real estate company specializing in developing, owning and operating regional and super-regional shopping centers in the United States and Asia. The transaction gives Simon full ownership of TRG, concluding a partnership that began five years ago. The company stated that with full ownership of TRG, it hopes to capitalize on new growth opportunities, increase net operating income and deliver long-term returns to its shareholders. Simon has held an 80 percent ownership …

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Hillrose Market
DevelopmentGeorgiaMixed-useNews

Atlantic Cos. to Build Hillrose Market Mixed-Use Development in Suburban Atlanta

by Abby Cox

Roswell, Ga. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with a walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury …

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Stockbridge Lakes
GeorgiaGrocery-anchoredInvestment salesNews

Colliers Arranges Sale of 78,605-Square-Foot Publix-Anchored Center in Metro Atlanta

by Abby Cox

Stockbridge, Ga. — Colliers has arranged the sale of Stockbridge Lakes, a 78,605-square-foot grocery-anchored shopping center located in Stockbridge, approximately 20 miles south of Atlanta. A 44,000-square-foot Publix anchors the center, which was 88.4 percent occupied at the time of sale. Other tenants include Burn Boot Camp, Great Clips, East Lake Smiles Pediatric Dentistry, Crystal Nails and Domino’s Pizza. Stockbridge Lakes originally opened in 2002 and was renovated in 2018. Scott Israel and Brad Peterson of Colliers Atlanta Retail Investment Sales team represented the seller, Harbour Real Estate Partners, in the …

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Shoppes at Brantley Hall
FloridaInvestment salesNews

Franklin Street Negotiates Sale of 34,460-Square-Foot Retail Center in Metro Orlando, Florida

by Abby Cox

Altamonte Springs, Fla. — Franklin Street has negotiated the sale of Shoppes at Brantley Hall, a 34,460-square-foot unanchored retail center located in Altamonte Springs, roughly 16 miles outside Orlando. Built in 1989, Shoppes at Brantley Hall was 97 percent leased at the time of sale to tenants including Pet Supplies Plus, Orlando Health, Edward Jones and Fiesta Azul Tequila House. Last Mile Investments plans to make upgrades and continue operating the center while “maintaining the asset’s strong tenant mix and stable performance.” Last Mile Investments purchased the property from an entity doing business as …

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