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Hayden Spiess

Retail-Pad_Dalton-Ga
GeorgiaInvestment salesNews

Faris Lee Arranges $4.7 Million Sale of Retail Pad Building in Dalton, Georgia

by Hayden Spiess

Dalton, Ga. — Faris Lee Investments has arranged the $4.7 million sale of a free-standing retail pad building located in Dalton in northern Georgia. Developed in 2023, the two-tenant building features a drive-thru and is situated at the entrance to the Dalton Square shopping center. Starbucks Coffee and AFC Urgent Care currently occupy the property. Scott DeYoung, Jeff Conover, Don MacLellan and Greg Lukosky of Faris Lee represented the undisclosed seller in the transaction. A Georgia-based 1031-exchange private investor was the buyer. Tenants at Dalton Square include Food City, Ross Dress …

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Mountain-Mike's
Company newsNewsRestaurantsTexas

Mountain Mike’s Signs Three Multi-Unit Franchise Deals in Texas

by Hayden Spiess

Newport Beach, Calif. — California-based pizza chain Mountain Mike’s has signed three multi-unit franchise agreements in Texas. The agreements include plans for five restaurants in Austin, three restaurants in metro Houston and three restaurants in the Dallas-Fort Worth Metro. Franchisees Rajeev Dewan, Ajay and Karina Gorde and Tim Fogarty will own and operate the units in Austin, metro Houston and the Dallas-Fort Worth area, respectively. Mountain Mike’s current portfolio includes four existing restaurants in the Dallas-Fort Worth metro and one in Greater Houston. 

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DevelopmentNewsTexas

NewQuest Breaks Ground on 19,000-Square-Foot Retail Building in Houston Suburb

by Hayden Spiess

Richmond, Texas — NewQuest Properties has broken ground on a 19,000-square-foot, multi-tenant retail building in Richmond, a southwestern suburb of Houston. The building will be part of Phase III of The Grand at Aliana, a 65-acre retail project currently underway by the developer. The new building is 75 percent preleased to tenants including Milano Nails, America’s Best, Five Guys, Dunkin’, Firehouse Subs and Buffalo Wild Wings Go. Openings are scheduled to begin next summer. Costco Wholesale opened a store at the property earlier this year and anchors Phase III of the …

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BurgerFi-Kissimmeee
Company newsFinanceFloridaNewsRestaurants

Restaurant Chain BurgerFi Files for Chapter 11 Bankruptcy Protection

by Hayden Spiess

Fort Lauderdale, Fla. — BurgerFi International (NASDAQ: BFI) has filed for voluntary Chapter 11 bankruptcy protection. The Fort Lauderdale-based company operates under two brands: BurgerFi and Anthony’s Coal Fired Pizza & Wings. The two entities have a total of 144 restaurants open across the United States, Puerto Rico and Saudi Arabia.  The filing pertains to 67 corporately owned locations operating under both the BurgerFi and Anthony’s banners. The remaining 77 franchisee-owned locations are excluded from the filing, with the company’s total portfolio expected to remain open and continue normal operations.  BurgerFi …

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Company newsIllinoisNews

Pine Tree to Manage 1 Million-Square-Foot Chicago Area Retail Portfolio

by Hayden Spiess

Oak Brook, Ill. — Pine Tree has been awarded the management of retail portfolio comprising one million square feet across 16 properties in metro Chicago. Newcastle Properties is the owner. The portfolio includes Bloomingdale Auto Center and Bloomingdale Square in Bloomingdale; Aspen Point in Vernon Hills; Deerfield Commons and Cadwell’s Corners in Deerfield; Boardwalk Plaza and Orchard Plaza in Skokie; Dempster Plaza in Niles; Eastgate Plaza in Naperville; Fox Valley Auto Center in Aurora; Huntley Retail Center and Milrand Retail Center in Carpentersville; Market Square in Bolingbrook; and Parkview Plaza, Cicero …

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IllinoisLeasingNews

Three New Tenants Sign Leases at Hawthorn in Metro Chicago

by Hayden Spiess

Vernon Hills, Ill. — Three new tenants have signed leases at Hawthorn, a shopping center in Vernon Hills, roughly 40 miles outside Chicago. Pure Barre has opened a 1,768-square-foot studio at the property, and Yard House will open a 7,765-square-foot restaurant. Rootz has also signed a lease at the center and is scheduled to open within a 7,222-square-foot space in the fourth quarter of 2025. Hawthorn, which opened in 1973, is also currently undergoing a mixed-use redevelopment. 

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MassachusettsNews

Whole Foods to Open 42,560-Square-Foot Store in Hyannis, Massachusetts

by Hayden Spiess

Hyannis, Mass. — Whole Foods Market will open a new, 42,560-square-foot store in Hyannis. A relocation from the existing Hyannis store, the property will feature a larger format and more than 370 local items from New England. The store will also offer grocery delivery to Cape Cod residents, as well as an Amazon returns counter and kiosk. 

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Woodfield-Village-Green_Schaumburg-Ill
Grocery-anchoredIllinoisInvestment salesNews

CBRE Arranges Sale of 420,740-Square-Foot Shopping Center in Metro Chicago

by Hayden Spiess

Schaumburg, Ill. — CBRE has arranged the sale of Woodfield Village Green, a 420,740-square-foot shopping center located in Schaumburg, roughly 30 miles outside Chicago. Bridge33 Capital acquired the property from an undisclosed seller. Tenants at the center include Trader Joe’s, Marshalls, Nordstrom Rack, The Container Store, Bloomingdale’s Outlet, PetSmart and HomeGoods. CBRE represented the seller in the transaction. 

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Rockfish-Village_Publix_Fayetteville
DevelopmentGeorgiaGrocery-anchoredNews

Branch Properties to Develop 57,851-Square-Foot Publix-Anchored Shopping Center Near Savannah, Georgia

by Hayden Spiess

Hinesville, Ga. — Branch Properties has acquired 9.7 acres of land for Flemington Village, a 57,851-square-foot shopping center to be developed in Hinesville, approximately 40 miles southwest of Savannah. A 46,791-square-foot Publix will anchor the center, which is scheduled for completion in the third quarter of 2025. The property will also feature 11,060 square feet of inline retail space and an outparcel. 

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Macys_Oak-Court-Mall_Memphis
Investment salesNewsTennessee

Poag Purchases 400,000-Square-Foot Macy’s Department Store at Oak Court Mall in Memphis

by Hayden Spiess

Memphis, Tenn. — Poag Development Group has purchased a 400,000-square-foot store situated within Oak Court Mall, an enclosed regional mall in Memphis originally opened in 1988. Macy’s occupies the space and sold the property in a sale-leaseback transaction. Poag acquired the department store for $7 million in a joint venture with a group of local investors that purchased the other portions of Oak Court Mall in December 2023. Poag plans to work with JLL to maximize the potential of Oak Court Mall. 

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