Bel Air, Md. — SJC Ventures has acquired the former Macy’s store at the Harford Mall site in Bel Air, roughly 30 miles northeast of Baltimore, with plans for a redevelopment. The Atlanta-based development firm will begin clearing land and preparing infrastructure at the site in early July. Dubbed Derby Place, the mixed-use project will span 94,600 square feet and will include a 35,000-square-foot grocer, complemented by 48,000 square feet of luxury boutiques, restaurants, shops and amenities. Construction is scheduled to start this summer, while first tenant openings are projected for spring …
Indianapolis — Colliers has negotiated the sale of Avalon Crossing Shopping Center, an 82,847-square-foot neighborhood retail center in Indianapolis. Alex Davenport, Rachel Patten and Alex Cantu of Colliers, along with Seth Biggerstaff of Veritas Realty, represented the seller, Landmark Properties. The buyer was Ziff Real Estate Partners. Tenants at the property include Starbucks, Dollar Tree, Jimmy John’s, George’s Neighborhood Grill and Anytime Fitness. The three-building center was 92.6 percent leased to 18 tenants at the time of sale.
Phoenix — Marcus & Millichap has arranged the $4.4 million purchase of a single tenant retail property located at 2975 W. Dove Valley Road in Phoenix. Chipotle occupies the 2,458-square-foot restaurant building, which was built in 2025. Mark Ruble, Chris Lind and Zack House of Marcus & Millichap represented the buyer, an Arizona-based limited liability company, in the off-market transaction.
New York City — RCS Real Estate Advisors has counseled fragrance retailers Perfumania and The Fragrance Outlet on the signing of 43 new stores across prominent malls and outlet centers throughout the U.S. These transactions build on the opening of 31 stores in 2025. The new locations are expected to open throughout 2026 and 2027. The new leases span a mix of regional malls and outlet centers, while also supporting the brands’ entry into outdoor lifestyle, shopping and power centers across markets including Florida, New York, Arizona, Texas and Tennessee. Today, …
Many landlords are looking for help with their theater properties. The Cinema Bridge’s Chuck Stilley offers advice on how shopping center owners and theatre operators can work together. Interview by Randall Shearin: Movie theatre box office sales in 2025 were on pace with 2024, but since the pandemic they have been about two-thirds of the industry’s volume. From 2015 to 2019, the motion picture exhibition industry averaged over $11 billion in annual box office sales. Since 2022, that number has settled to around $8 billion, according to anaylsis of data …
Retail real estate has always evolved alongside consumer behavior. Department stores once anchored malls. Big-box retailers reshaped power centers. Restaurants and lifestyle tenants followed as developers began focusing on creating environments rather than simply leasing space. Today the industry is entering another transformation — one driven not by retail, but by experience. Across the country, shopping center owners, landlords, investors, and developers and cities are searching for tenants that do more than sell products. They want concepts that generate unique visits, consistent traffic, extend dwell time, and turn properties into …
In a market shaped by limited new supply, retailers are expanding strategically, backfilling spaces quickly and adapting to consumer preferences. Today, there’s a multitude of factors shaping the retail leasing market. Smaller footprints, the influence of technology, changing lifestyles of younger generations, limited new supply and backfilling closures are just some of the most prominent storylines. As of the first quarter, the national retail vacancy rate held stable at 4.4 percent, up 10 basis points from the prior quarter, according to Colliers, which covers malls, shopping centers and general retail …
Sandwiched between several major markets, New Jersey has its intricacies. Its demographic and economic drivers make it a market worth the effort for many retailers and landlords. Much like the two major cities that border its northern and southern ends, New Jersey is, for retailers, restaurant groups and entertainment operators that are serious about establishing and growing national footprints, a market that checks every key box. Yet for all the similarities between the Manhattan or Center City Philadelphia retail markets that apply to New Jersey as well — tight availability …
Falls Church, Va. — JLL Capital Markets has arranged the $58 million sale of Barcroft Plaza, a 113,173-square-foot shopping center located in Falls Church, roughly 10 miles west of Washington, D.C. Jordan Lex and Danny Naughton of JLL represented the seller, Federal Realty Investment Trust, in the transaction. Chris Knight and Evan Parker, also of JLL, secured the five-year, $35.9 million acquisition loan through Bank of America on behalf of the buyer, 11North Partners. Harris Teeter anchors Barcroft Plaza, which spans nearly 10 acres. Other tenants at the property include …
Lima, Ohio — Eastern Union has arranged $12.9 million in refinancing for the acquisition of Lima Center, a 174,078-square-foot shopping center located in Lima. Jack Beida, Michael Muller and Mike Orlik of Eastern Union secured a seven-year, fixed-rate loan through an undisclosed lender on behalf of the buyer, an entity doing business as Lima Tov LLC. The purchase price was $19.5 million. Lima Center houses 10 retail tenants and is anchored by an 86,584-square-foot Kohl’s and a 30,000-square-foot T.J. Maxx. Other retailers at the property, which was fully leased at …