Denver — CenterSquare has purchased Shops at Highpointe, an 18,938-square-foot shopping center in Denver. Built in 2008, the property was 88 percent occupied at the time of sale. Tenants at the center include T-Mobile, Dickey’s BBQ and Red Wing Shoes.
Atlanta — The Cobb-Marietta Coliseum and Exhibit Hall Authority, owner and operator of the Cobb Galleria Centre in Atlanta, has selected a team of locally based firms to manage the expansion and renovation of the convention center. Impact Development Management will serve as the authority’s representative and project manager for the overhaul, Rule Joy Trammell + Rubio will serve as the project architect and Holder Construction will be the construction manager. The development team plans to break ground on the project in fall 2025, with completion scheduled for early 2027. The …
Irvine, Calif. — BWE has secured a $45.5 million loan for the financing of a Circle K portfolio across six states. Located in Arizona, Florida, Georgia, Louisiana, North Carolina and South Carolina, the portfolio comprises 104 single-tenant convenience store and gas station properties. Tom Kenny and Josh Boehling of BWE’s Irvine office arranged the loan through a life insurance company on behalf of the undisclosed borrower. The five-year fixed-rate financing features interest-only payments and a five-year extension option.
Durham, N.C. — Crosland Southeast has broken ground on Latta Park, a mixed-use project located on the north end of Durham. The first phase spans 10 acres and will include a 42,240-square-foot Publix grocery store and 12,580 square feet of additional retail space. Phase I will also comprise a food truck terrace, walking trails, green space and public art installations. Chip Lanier and Jenn Olevitch-Roberson of Lee & Associates will oversee retail leasing at Latta Park, which is scheduled for a spring 2026 completion. The developer is investing $2 million in …
St. Petersburg, Fla. — Plaza Advisors has brokered the $4.7 million sale of Bay Pines, a 9,110-square-foot retail center located in St. Petersburg. The property serves as an outparcel to a Walmart Supercenter and was 85 percent leased at the time of sale. Tenants at the property include Starbucks Coffee, Supercuts and Jimmy Johns. Jeff Berkezchuk and Jim Michalak of Plaza Advisors represented the seller, Kitson & Partners, in the transaction. The buyer was an undisclosed REIT.
Grand Rapids, Mich. — Michigan-based food solutions company SpartanNash has acquired Fresh Encounter Inc. (FEI), a 49-store supermarket chain with locations in Ohio, Indiana and Kentucky. This move expands SpartanNash’s retail footprint by 33 percent and marks the company’s second retail acquisition this year, following its purchase of Metcalfe’s Market in April. FEI stores operate under the banners Community Markets, Remke Markets, Chief Markets and Needler’s Fresh Market and have been a food distribution customer of SpartanNash for 58 years. The transaction is expected to close in late November, subject to …
Orlando, Fla. — Live Nation will open a 3,500-seat entertainment venue at Westcourt Sports and Entertainment District, a 900,000-square-foot mixed-use project currently underway in downtown Orlando. Construction on the facility is scheduled to begin early next year, with an anticipated opening in 2027. SED Development, JMA Ventures and Machete Group are developing Westcourt, which will feature a 260-room hotel, 265 residential units, 300,000 square feet of office space and 125,000 square feet of entertainment and dining-focused retail space. Westcourt will also feature 1.5 acres of flexible green space that will host …
Lewisville, Texas — Disney Investment Group (DIG) has brokered the sale of Valley Square, a 57,812-square-foot retail center located in Lewisville in the Dallas-Fort Worth metro. LRIC Properties sold the center to an undisclosed buyer. The property was fully leased to 21 tenants at the time of sale. David Disney and Adam Crockett of DIG represented the seller in the transaction, and Will Walters of DuWest Realty represented the buyer.
Albany, Ga. — Frozen yogurt brand TCBY has announced that it will open a new shop in Albany. Franchisees Clay and Taylor Wiggins will own and operate the venue, which marks the fifth outpost in the state for TCBY. Scheduled to open Oct. 26, the store will span 1,120 square feet with indoor and outdoor seating, as well as a walk-up window and drive-thru.
King of Prussia, Pa. — AT&T has opened a new, 2,600-square-foot store in King of Prussia, roughly 20 miles outside Philadelphia. Situated across from the King of Prussia Mall, the freestanding store features 25 dedicated parking spaces. Adam Goodman of Goodman Properties developed the property. Richard Soloff of Soloff Realty & Development and Adam Goodman of Goodman Properties brokered the lease.