Sunday, June 15, 2025
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Alex Tostado

DevelopmentMissouriNewsRetailers

Linwood Investors Breaks Ground on Redevelopment of Retail Strip Center in Kansas City

by Alex Tostado

Kansas City, Mo. — Linwood Investors LLC has broken ground on its $8 million redevelopment of Linwood Square, a blighted retail strip center in the Linwood-Prospect corridor on Kansas City’s east side. The project complements the redevelopment of the Linwood Shopping Center, which the company completed in 2017. Linwood Square is a 55,000-square-foot property originally built in 1992. Project plans call for new exterior facades and roofing as well as energy-efficient HVAC, LED lighting and an interior redesign. Project funding comes from public incentives and private financing. The public improvements …

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IllinoisInvestment salesNewsRetailers

JLL Brokers Sale of 18,000-Square-Foot Retail Asset Leased to Goodwill in Glenview, Illinois

by Alex Tostado

Glenview, Ill. — JLL has brokered the sale of a newly constructed, 18,000-square-foot retail property that is triple net leased to Goodwill in the Chicago suburb of Glenview. The sales price was not disclosed. The building is situated on 1.7 acres at 2740 Old Willow Road. JLL marketed the property on behalf of the seller, a Chicago-based developer. Florida-based Best Properties LLC purchased the asset while completing a 1031 tax-deferred exchange. Goodwill Industrials of Southeastern Wisconsin Inc., which is the largest of the more than 165 Goodwill organizations worldwide, began …

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ConnecticutInvestment salesNewsRetailers

Lyman Real Estate Arranges Sale of 9,331-Square-Foot Retail Building in Branford, Connecticut

by Alex Tostado

Branford, Conn. — Lyman Real Estate (LRE) has arranged the $1.1 million sale of a 9,331-square-foot retail building in Branford, an eastern suburb of New Haven. The building at 854 W. Main St. was previously occupied by Party City. The buyer, LA-IN-USA LLC, will use 3,000 square feet on the first floor to expand its Villa Nail Spa business. Ron Lyman of LRE represented the buyer in the transaction. Jeffrey Kravet of Kravet Realty represented the seller, Branford Realty Trust LLC.

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DevelopmentMassachusettsNewsRetailers

Express Kitchens to Open Eight Stores, Showrooms Near Boston in 2020

by Alex Tostado

Boston — Kitchen remodeling firm Express Kitchens plans to significantly increase its Massachusetts footprint in 2020 by opening three new retail stores and five new showrooms in and around the Boston area. Express Kitchens will open stores in the suburbs of Lynn, Watertown, Dedham, Peabody, Reading, Medford, Brockton and Weymouth. Showrooms will display a range of kitchens, cabinets and countertops, which customers will be able to purchase for their homes in-store or from the company’s website.

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FloridaInvestment salesNewsRetailers

Phillips Edison Sells 124,268-Square-Foot Shopping Center Near Daytona Beach

by Alex Tostado

Port Orange, Fla. — Phillips Edison & Co. Inc. has sold Countryside Shopping Center, a 124,268-square-foot retail center in Port Orange. An affiliate of Atlanta-based Vanguard Associates Inc. acquired the property for an undisclosed price. Sav-a-Lot and Big Lots anchor the 96 percent-leased center. Other tenants at the time of sale included Halifax Health, Wells Fargo, Cici’s Pizza, Workout Anytime and H&R Block. The center is located at 3840 S. Nova Road, seven miles south of downtown Daytona Beach. Eric Williams, Daniel Finkle, Luis Castillo and Whitaker Leonhardt of JLL …

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LeasingMissouriNewsRetailers

Three Tenants Join Retail Lineup at Ballpark Village Expansion in St. Louis

by Alex Tostado

St. Louis — The St. Louis Cardinals and The Cordish Cos. have unveiled three new tenants at the $260 million expansion of Ballpark Village — Sports & Social St. Louis, Davio’s Northern Italian Steakhouse and Baseballism. The 75,000-square-foot retail portion within the second phase expansion is now 92 percent leased. Sports & Social will occupy 9,000 square feet and anchor the base of the three-story retail pavilion overlooking the new infield plaza and Busch Stadium. In addition to a full dining and beverage menu, guests will enjoy a variety of …

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Investment salesNewsRestaurantsRetailersSouth Carolina

Eyzenberg & Co. Arranges Acquisition Financing for Beachside Retail Center in Myrtle Beach

by Alex Tostado

Myrtle Beach, S.C. — Eyzenberg & Co. has arranged a $14.1 million acquisition loan for THEBlvd, a 42,000-square-foot entertainment, retail and restaurant building in Myrtle Beach. The property is located at 1410 N. Ocean Blvd., a mile north of downtown Myrtle Beach. The seller, Land South of MB LLC, developed the three-story asset, which was fully triple-net leased to tenants including live music venue Tin Roof Myrtle Beach, Bandito’s Restaurant and Cantina and American Resort Management. An undisclosed New York family investor acquired the property for $22.6 million completing a …

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GeorgiaGrocery-anchoredInvestment salesNews

JLL Negotiates Sale of 335,190-Square-Foot Cobb Place Shopping Center in Metro Atlanta

by Alex Tostado

Kennesaw, Ga. — JLL has negotiated the sale of Cobb Place, a 335,190-square-foot retail center in Kennesaw. The property was 95 percent leased at the time of sale to tenants including Bassett Furniture, American Signature Furniture, Ashley Furniture, Bed Bath & Beyond, Cost Plus World Market, Hobbytown USA, DSW, Jersey Mike’s and Play It Again Sports. Cobb Place is situated on 31 acres at 840 Ernest W. Barrett Parkway, 24 miles northwest of downtown Atlanta. Jim Hamilton and Brad Buchanan of JLL represented the seller, a partnership between DRA Advisors …

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CaliforniaInvestment salesNewsRetailers

Lee & Associates Negotiates Sale of 17,908-Square-Foot Retail Building Near San Diego for $6.1 Million

by Alex Tostado

Escondido, Calif. — Lee & Associates–North San Diego County has arranged the sale of a retail asset located in Escondido. Malakooti & Kaikavoosnejad Revocable Trust sold the property to Goodwill Industries of San Diego for $6.1 million. Located at 315 W. Washington Ave., the building features 17,908 square feet of retail space. The property is situated on a 2.1-acre lot adjacent to City Hall and the California Center for the Arts. Michael Golden of Lee & Associates–North San Diego County represented the seller, while Bryan Cunningham of Flocke & Avoyer …

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FeaturesNewsRetailersSCBlogWashington DC

Holiday Shoppers Plan to Spend 4 Percent More This Year, NRF Survey Shows

by Alex Tostado

Washington, D.C. — American consumers plan to boost their holiday spending 4 percent this season on a year-over-year basis, according to the National Retail Federation (NRF) and Prosper Insight & Analytics. The projection is based on a survey of 7,782 adult consumers. Specifically, shoppers expect to spend an average of $1,047.83 this year, up 4 percent from last year’s total of $1,007.24, the survey findings show. Meanwhile, shoppers who are between the ages of 35 and 44 plan to spend an average of $1,158.63 this holiday season. Consumer spending is …

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