Thursday, June 12, 2025
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Julia Sanders

Landing at Woodyard
FinanceMarylandNews

JLL Secures $44.5 Million Loan for Landing at Woodyard in Metro D.C.

by Julia Sanders

Clinton, Md. — JLL Capital Markets has secured a $44.5 million loan for The Landing at Woodyard, a newly redeveloped, 210,000-square-foot shopping center located in the Washington, D.C. suburb of Clinton. JLL worked on behalf of the borrower, Meritus Realty Ventures, to place the 10-year, fixed-rate CMBS loan with Morgan Stanley Real Estate. Loan proceeds were used to repay the existing bridge loan and fund remaining improvements for the tenants that recently signed new leases. Meritus has owned Landing at Woodyard since 2016. The center is 95 percent leased with …

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St. Johns Town Center
FloridaInvestment salesNews

JLL Arranges Sale of 113,139-Square-Foot Shopping Center in Jacksonville

by Julia Sanders

Jacksonville, Fla. — JLL Capital Markets has arranged the sale of St. John’s Town Center North, a 113,139-square-foot shopping center in Jacksonville. Danny Finkle and Eric Williams of JLL represented the seller, American Realty Advisors LLC. An affiliate of Core Investment Management acquired the property for an undisclosed price. St. John’s Town Center North is situated on 14.2 acres at 4413-4507 Town Center Parkway North adjacent to St. John’s Town Center. Constructed between 2006 and 2007, St. John’s Town Center North is fully leased and is anchored by Publix and …

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CaliforniaNew JerseyNews

Pinstripes to Open Two New Locations at URW Centers

by Julia Sanders

Paramus, N.J. and Los Angeles — Pinstripes Inc. will open two new locations at Westfield Garden State Plaza in Paramus and Westfield Topanga in the Los Angeles area. Both centers are owned by Unibail-Rodamco-Westfield. Pinstripes is a bocce and bowling entertainment facility that also features fine dining and a full bar. The concept will open at Westfield Garden State Plaza in late 2022, offering made-from-scratch dining and gaming. Pinstripes will join the center’s dining and entertainment line-up, which includes Arena Stem, a retail entertainment concept; AMC theater; and restaurants including …

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Investment salesNewsTexas

RealSource Brokers Sale of 7-Eleven in DFW Metroplex

by Julia Sanders

Arlington, Texas — RealSource Group has brokered the sale of a 3,010-square-foot single-tenant retail property in Arlington that is triple-net leased to 7-Eleven. Austin Blodgett of RealSource, along with ParaSell Inc., represented the seller, a private developer based in Houston. Jeremy McChesney of Hanley Investment Group represented the buyer, a 1031 exchange investor based in Southern California. The asset traded at a cap rate of 4.7 percent. The 7-Eleven store, which includes a fuel station, opened on June 10 to mark the beginning of a new 15-year lease.

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Miami Worldcenter
FloridaLeasingNews

Four Restaurants Sign Leases at Miami Worldcenter

by Julia Sanders

Miami — Four restaurants have signed leases at Miami Worldcenter, the $4 billion, 27-acre mixed-use development downtown. The four restaurants are Chicago-based steakhouse Maple & Ash; Etta, a neighborhood restaurant centered around a wood-fired hearth; Laurel Brasserie and El Vecino, both concepts by Miami chef Michael Beltran. All four restaurants are slated to open in 2022.

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Investment salesMichiganNews

Cohn Commercial Properties Brokers Sale of Former Target Store in Monroe, Michigan

by Julia Sanders

Monroe, Mich. — Cohn Commercial Properties has brokered the sale of a former Target store spanning 96,000 square feet in Monroe, about 40 miles southwest of Detroit. The building is located at 2121 N. Monroe St. The sales price and seller were undisclosed. Harry Cohn of Cohn Commercial represented the buyer, Richmond Main LLC, which will occupy the building for its auto parts business.

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Southlake Town Square
LeasingNewsTexas

EVO Entertainment to Open 68,733-Square-Foot Venue at Southlake Town Square

by Julia Sanders

Southlake, Texas — EVO Entertainment, an Austin, Texas-based entertainment concept that combines bowling, movies, games and food and beverages, will open a 68,733-square-foot venue at Southlake Town Square, a 130-acre mixed-use development near Fort Worth. The entertainment center, which is scheduled to open at the end of the year, will be EVO’s first in the Dallas-Fort Worth metroplex. This location will feature a full restaurant and bar with outdoor patio space, seven movie screens, arcade games, bowling lanes, a laser tag arena, rock climbing wall, ropes course and private party …

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Investment salesNewsWisconsin

Marcus & Millichap Arranges $9.6 Million Sale of Pick ’n Save-Occupied Property in Monroe, Wisconsin

by Julia Sanders

Monroe, Wis. — Marcus & Millichap has arranged the sale of a 61,136-square-foot property occupied by Pick ’n Save in Monroe, about 40 miles south of Madison. The net-leased asset sold for $9.6 million. Pick ’n Save recently signed a 10-year lease extension, expiring at the end of 2030. Jeff Rowlett of Marcus & Millichap represented the seller, a private investor, as well as the buyer, a REIT.

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Politan Row
DevelopmentGeorgiaNews

North American Properties Opens Politan Row Food Hall at Colony Square in Midtown Atlanta

by Julia Sanders

Atlanta — Developer North American Properties (NAP) has opened Politan Row, a new food hall at its newly redeveloped Colony Square mixed-use project in Midtown Atlanta. The food hall is located at the corner of 14th and Peachtree streets and features space for 11 independent food and beverage concepts, a central bar, an event space and a hidden bar. An entity known as Politan Group operates the food hall. The nine open purveyors at Politan Row include Belli Pizzeria, Bun Mi Grill, Federal Burger, Gekko, Locale Cafe, Pretty Little Tacos, …

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ArizonaInvestment salesNews

Marcus & Millichap Arranges Sale of 14,820-Square-Foot Walgreens-Occupied Building in Maricopa, Arizona

by Julia Sanders

Maricopa, Ariz. — Marcus & Millichap has brokered the sale of a Walgreens property located on 1.7 acres at the intersection of North John Wayne Parkway and West Smith Enke Road in Maricopa. An out-of-state buyer acquired the asset from the estate of a Northern California family for $5.7 million. Walgreens occupies the 14,820-square-foot retail building on a net-leased basis. Sanford Burstyn of Marcus & Millichap’s Phoenix office represented the seller and procured the buyer in the deal.

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