Peachtree City, Ga. — Six new tenants have signed leases at The Avenue Peachtree City, a shopping center located in Peachtree City, roughly 40 miles outside Atlanta. Beignets and Brew is now open at the property, with HOBNOB Neighborhood Tavern scheduled to open a 5,781-square-foot restaurant later this month. Kendra Scott, Motivate Studios and 9292 Korean BBQ have also signed leases at the center and will occupy 2,000; 2,000; and 8,015 square feet, respectively, beginning this summer. Additionally, Arhaus will open a 7,085-square-foot store at The Avenue Peachtree City later this …
The property offers shopping as an experience, with a sense of place. The 25th anniversary of Easton Town Center in Columbus, Ohio, provides an excellent opportunity to share best practices in authentic placemaking and experience-creating at a mixed-use development totaling more than 1.7 million square feet. It also allows a candid glimpse into the future, gleaned from operating a leading Midwest destination with more than 30 million annual visitors per year. One of the keys to success is always looking forward. In the 1950s and 1960s, malls grew because people …
Riverside, Calif. — Gantry has secured a $17 million loan for the refinancing of Magnolia Towne Center, a retail center located in Riverside. Tenants at the property, which totals 133,000 square feet, include Ralph’s and Wells Fargo. Strategic Real Estate Advisors (SRA) is currently negotiating 27,000 square feet of leases at the property on behalf of the ownership. James Ruiz of Gantry arranged the 10-year, fixed-rate financing through a life insurance company on behalf of the borrower.
Casa Grande, Ariz. — SRS Real Estate Partners has arranged the $7.7 million sale of the former Casa Grande Mall in Casa Grande, roughly 50 miles outside Phoenix. Totaling 221,328 square feet, the property was formerly anchored by Kmart, Big Lots and a movie theater. Brian Polachek of SRS represented the buyer, Hinkson Co. LLC, in the transaction. Hinkson Co. plans to redevelop the property.
Romeoville, Ill. — PMAT Cos. has acquired The Shops of Romeoville, an 82,660-square-foot retail center located in the Chicago suburb of Romeoville. Tenants at the property, which was 65 percent occupied at the time of sale, include T.J.Maxx, Petco and Discovery Clothing. Since purchasing the center in December 2023, PMAT has renewed existing anchor tenancy and executed a new long-term lease with Ross Dress for Less.
Jacksonville, Fla. — Marcus & Millichap has brokered the $5.1 million sale of Dunn Ave Plaza, a 42,570-square-foot shopping center located in Jacksonville. Situated on 3.4 acres, the property was 67 percent leased at the time of sale to 26 tenants. Simon Grigoryan and Edwinn Bruchman of Marcus & Millichap represented the seller and procured the buyer in the transaction.
Wrentham, Mass. — Five new tenants have signed leases at Wrentham Village Premium Outlets in Wrentham. Pottery Barn is scheduled to open later this month at the property, which is also home to sister brand West Elm Outlet. Apparel retailers OFFLINE by Aerie, Hollister Co. and Gilly Hicks have also signed leases at the property. OFFLINE by Aerie will open this summer, and Hollister Co. and Gilly Hicks are scheduled to open this fall. Additionally, Shake Shack will open a restaurant in late winter of this year. Wrentham Village Premium Outlets …
Garden Grove, Calif. — Strategic Retail Advisors (SRA) has brokered the $18 million sale of a retail building located in Garden Grove. The property totals 46,287 square feet. OC Freedomhouse Church acquired the building, which formerly housed a Walmart Neighborhood Market, from a private investor. Blaine Bush of SRA arranged the transaction.
Spring, Texas — CenterSquare lnvestment Management has acquired Gleannloch Crossing, a 32,797-square-foot retail center located in the northern Houston suburb of Spring. The site is located at the intersection of Grand Parkway and Champion Forest Drive. The property was fully leased at the time of sale to tenants including MOD Pizza, The UPS Store, Subway, Gleannloch Family Dentist, Smoothie King and Salons by JC.
Fayetteville, Ark. — Arkansas-based fast-casual brand Slim Chickens has signed a franchise deal for 12 units in the state of Pennsylvania. Plans include the addition of restaurants in the counties of Lancaster, Lebanon, Dauphin, York, Cumberland, Centre, Franklin, Mifflin, Juniata, Perry and Adams. PSMMSM PA Ventures, also a Dunkin’ Donuts franchisee, will own and operate the new units.