Texas and Arkansas — Beechwood, Ohio-based Chase Properties has purchased a 514,983-square-foot retail portfolio of four shopping centers located in Texas and Arkansas. The portfolio includes Southloop Crossing in Lufkin, Texas; Killeen Marketplace in Killeen, Texas; Southcenter Shopping Center in Hot Springs, Arkansas; and Massard Crossing in Fort Smith, Arkansas. Notable tenants at the properties include Ross Dress for Less, Best Buy, T.J. Maxx, Kroger and Hobby Lobby. The portfolio was 97 percent leased at the time of sale. This transaction marks the company’s entry into both states. Adam Howells, …
Arkansas
Bentonville, Ark. — Sam’s Club, a division of Walmart, has announced plans to remodel all 600 of its existing membership-based stores nationwide. As part of its long-term strategy, Sam’s Club will also open 30 new locations over the next several years while building a pipeline to begin opening 15 new clubs annually. This marks the first expansion since 2017 after Sam’s Club closed 62 locations in 2018. The stores will be modeled after the Grapevine, Texas, location, which opened in December 2024. The new locations will span 160,000 square feet …
Fayetteville, Ark. — Edgemark Communities has purchased College Marketplace, a 64,226-square-foot shopping center located in Fayetteville. Whole Foods Market anchors the center, which was built on a seven-acre site in 2015 near the University of Arkansas campus. Other tenants at the property include Chipotle Mexican Grill, Great Clips, Cava and Alumni Hall.
Harrison, Ark. — Hanley Investment Group Real Estate Advisors has brokered the sale of a 145,588-square-foot retail center located in Harrison. Originally built in 1978, the property was expanded in 2020. Tenants at the center, which was 95 percent occupied at the time of sale, include Tractor Supply, Planet Fitness, Big Lots, Dunham’s Sports, Golden Tickets Cinemas, Factory Connection and Popeyes. Jeff Lefko, Kevin Fryman and Bill Asher of Hanley, in association with ParaSell Inc., represented the seller in the transaction. A private investor acquired the property.
Fayetteville, Ark. — An affiliate of Cohen & Steers has acquired a two-property, open-air shopping center complex located in Fayetteville, located in the northwest portion of Arkansas near the Oklahoma and Missouri borders. Totaling 403,000 square feet, the complex comprises the retail centers Spring Creek Centre and Steele Crossing. Tenants at the properties include T.J. Maxx, Ulta Beauty, Best Buy, Old Navy, PetSmart and Kohl’s. The centers also feature corporately owned Walmart, The Home Depot and Target stores. At the time of sale, the centers were 95 percent occupied. DLC Management …
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.
Bentonville, Ark. — Walmart has decided to shutter all 51 Walmart Health locations, as well as the Walmart Health Virtual Care service. The Bentonville-based retail giant stated that the business model, which was formally launched in 2019, was not sustainable. The company cited a lack of profitability due to “the challenging reimbursement environment and escalating operating costs.” Walmart Health locations are situated in six different states — Arkansas, Florida, Georgia, Illinois, Missouri and Texas — according to the Walmart Health online directory. The company didn’t offer a timeline for when …
Fayetteville, Ark. — Fast-casual brand Slim Chickens has signed a franchise deal for three new restaurants in Texas. Joel Garza of TX-SC Ventures LLC will own and operate the units, which will be located in Brazos and Polk County. Garza previously signed a multi-unit franchise deal with the Fayetteville, Arkansas-based brand in 2020, opening stores in the greater Houston area. The locations of the new restaurants will include College Station and Livingston. Slim Chickens’ current portfolio includes more than 255 stores throughout the U.S., with more than 1,200 in development.
Fayetteville, Ark. — Arkansas-based Slim Chickens has signed a franchise deal for seven new restaurants in the state of Maryland. Franchisee DDR Holdings, a venture between Darrin and Dennis Atlas, will open the units. DDR Holdings currently owns and operates two Slim Chickens stores in the state. The Slim Chickens brand has opened in more than 255 locations across the U.S. and the U.K., with more than 1,200 stores currently in development.
Bentonville, Ark. — Walmart (NYSE: WMT) has announced plans to expand by more than 150 new stores over the next five years, both through new construction and converting existing buildings. The first two stores under this initiative — both under the company’s smaller-format Walmart Neighborhood Market banner — are scheduled to open this spring in Santa Rosa, Florida, and Atlanta. The company is currently finalizing plans for 12 new projects, one of which will be the conversion of a smaller existing location into a large-format Walmart Supercenter, which serves as both …