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Abby Cox

Talladega Shopping Center
AlabamaInvestment salesNews

Marcus & Millichap Brokers $2.4 Million Sale of Talladega Shopping Center in Alabama

by Abby Cox

Talladega, Ala. — Marcus & Millichap has brokered the $2.4 million sale of Talladega Shopping Center, a 47,437-square-foot shopping center located in Talladega, an eastern suburb of Birmingham. Citi Trends and Standard Furniture, both of which have occupied the site for more than a decade, are the property’s anchor tenants. Additional tenants include Regional Finance and AT&T, which occupies a newly developed outparcel. The center was originally built in 1981 on 3.6 acres and was 88 percent leased at the time of sale. Eric Abbott and Zachary Taylor of Marcus & …

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Rita’s Italian Ice & Frozen Custard
Company newsMichiganNewsOhioSouth Carolina

Rita’s Italian Ice Continues Expansion, Plans for 19 New Store Openings in Fourth-Quarter 2025

by Abby Cox

Philadelphia — Pennsylvania-based Rita’s Italian Ice & Frozen Custard plans to open 19 new stores in the fourth quarter as part of an initiative to launch nearly 40 locations in 2025. In the first half of the year, the restaurant chain opened 16 new shops, including locations in Grand Rapids, Michigan; Nexton, South Carolina; and Liberty Township, Ohio. Newly debuted drive-thru models in Fort Worth, Texas, and Cleveland, Ohio, have been a contributing factor to Rita’s expansion efforts, according to company representatives. Founded in 1984, Rita’s Italian Ice & Frozen Custard …

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Company newsDevelopmentEntertainmentNewsTexas

The Pickle Pad Signs Four-Unit Franchise Agreement Across Four Markets 

by Abby Cox

Dallas — Dallas-based pickleball-themed entertainment venue The Pickle Pad has signed a four-unit franchise agreement across four different markets including Oak Bridge, New Jersey; Port Arthur, Texas; Hoover, Alabama; and Tampa, Florida. The company currently has seven locations under development, while preparing to open three new venues in Myrtle Beach, South Carolina; St. George, Utah; and Newport News, Virginia. While opening dates have not been announced, each location will feature multiple pickleball courts, food-and-beverage offerings, open green spaces and social and lawn games.

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Towne-Center-at-Cedar-Lodge
Grocery-anchoredInvestment salesLouisianaNews

DLC, DRA Advisors Acquire 316,031-Square-Foot Shopping Center in Baton Rouge, Louisiana

by Abby Cox

Baton Rouge, La. — A partnership between New York-based companies DLC and DRA Advisors has acquired Towne Center at Cedar Lodge, a 316,031-square-foot shopping center located in Baton Rouge, near the Louisiana State University campus. The purchase price was $81 million, according to the Baton Rouge Advocate. Whole Foods Market anchors the property, which was 93 percent leased at the time of sale. Other tenants include Barnes & Noble, Nike, Gap and Ulta Beauty.

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Verrado Marketplace
ArizonaLeasingNewsRestaurantsRetailers

Vestar Signs Leases with Five New Tenants at Verrado Marketplace in Suburban Phoenix

by Abby Cox

Buckeye, Ariz. — Vestar has signed leases with five new tenants at Verrado Marketplace, a 500,000-square-foot open-air lifestyle and entertainment center under development in Buckeye, roughly 35 miles west of downtown Phoenix. Retail and restaurant concepts including Sourdough & Co., See’s Candies, CityVet, Great Clips and NextCare are anticipated to open in May 2026 and will occupy a combined 10,000 square feet. Upon completion, Verrado Marketplace will offer a selection of retail, dining and service-oriented options. The new tenants will join a mix of anchors and national brands such as Target, …

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Fountain Plaza
FloridaInvestment salesNews

Avison Young Brokers $5 Million Sale of Fountain Plaza in West Tampa, Florida

by Abby Cox

Tampa, Fla. — Avison Young has brokered the $5 million sale of Fountain Plaza, a 25,191-square-foot multi-tenant shopping center located at 2800 N. MacDill Ave. in West Tampa. Originally built in 2006, the center sits on nearly 2 acres. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé, Nick Robinson, Nick Mastro and Philip Shapiro of Avison arranged the sale on behalf of the seller, Brusa Inc., in the transaction. Additionally, Nick Mastro and Nick Robinson will lead leasing efforts for the buyer, Landmarc Realty.

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Kris Krossing
Grocery-anchoredInvestment salesNewsNorth CarolinaSouth Carolina

IPA Arranges Sale of Five Food Lion-Anchored Shopping Centers Totaling 248,030 Square Feet

by Abby Cox

Raleigh, N.C. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of a five-property portfolio of Food Lion-anchored shopping centers totaling 248,030 square feet in the Carolinas. The properties include College Lakes Plaza in Fayetteville, North Carolina; Eden Centre in Eden, North Carolina; Kimberly Park in Carthage, North Carolina.; Kris Krossing in Conway, South Carolina; and West Pointe in Village Asheboro, North Carolina. Raleigh-based Genesis Properties purchased the portfolio from Richmond-based Capital Square for an undisclosed price. Dean Zang and David Crotts of IPA, …

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Highland Plaza Shopping Center
Grocery-anchoredInvestment salesLouisianaNews

Legacy Realty Group Arranges Sale of Highland Plaza Shopping Center in Baton Rouge, Louisiana

by Abby Cox

Baton Rouge, La. — Legacy Realty Group Advisors has arranged the sale of Highland Plaza Shopping Center, a 70,405-square-foot shopping center in Baton Rouge. Situated on roughly 6 acres near the Louisiana State University campus, the property is anchored by a Walmart Neighborhood Market. Additional tenants include Lake After Hours, Waka House, OHK Korean Hot Dogs, New Orleans Daquiri and The UPS Store. The center was originally built in 1993 and renovated in 2025, according to Commercial Search. Jacob Baruch, Jonah Warshaw and Ari Warshaw of Legacy Realty Group Advisors …

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Bojangles
Company newsDevelopmentNew YorkNews

Bojangles Signs 20-Unit Franchise Agreement in New York City

by Abby Cox

New York City — Bojangles has signed a franchise agreement to open 20 new units in New York City. Restaurant owner and operator Habib Hashimi of Hashimi Holding Corp. will bring the fast-food concept to the city over the next decade, after a nearly 40-year absence. Construction is underway with Bojangles’ first location in NYC in the East Flatbush neighborhood of Brooklyn, which is anticipated to open this winter. As part of Bojangles’ broader expansion across the New York metro area, the company also recently signed an agreement with a …

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CityLine Plaza
LeasingNewsRestaurantsRetailersTexas

Three New Retailers to Join CityLine Mixed-Use Development in Metro Dallas

by Abby Cox

Richardson, Texas —Three tenants have signed leases to join CityLine, a 204-acre mixed-use property under development in Richardson, roughly 14 miles north of downtown Dallas. Manny’s Mexican Kitchen will open its fifth restaurant, which will occupy 5,115 square feet. Show Mini Hot Pot will debut its second North American location, totaling 2,267 square feet. Meanwhile, IMAGE Studios will be expanding its space at the property to include 38 additional suites. The recently signed tenants will open this fall alongside a mix of other retailers and restaurants including Club Pilates, Diesel …

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