Phoenix — Barclay Group has developed a total of seven Kroger-anchored shopping centers in Arizona and Colorado, with six of the seven shopping centers located in the greater Phoenix area. The most recent deliveries featured two openings in January 2025, including Flying Horse in Colorado Springs, Colorado, and Morrison Ranch in Gilbert, Arizona. The final two openings — Heritage West in Buckeye, Arizona, and Sycamore Farms in Surprise, Arizona — are scheduled for completion this year. Barclay Group’s expansion into the Phoenix market within the past 15 months is part …
Company news
Doylestown, Pa. — Whole Foods Market will open a new 43,617-square-foot store in Doylestown, located 25 miles north of Philadelphia. The new location will feature more than 500 local items from the Mid-Atlantic region, offering customers certified organic produce, a selection of wines and beers, a Whole Foods-curated grocery section and wellness, beauty and lifestyle items. Additionally, the store will include a full-service seafood counter, full-service meat counter, specialty cheese department, hot food bar and bakery. The new location will open March 13.
Cypress, Texas — Fort Worth-based Trademark Property Co. plans to develop a mixed-use retail and restaurant district in the Dunham Pointe Development, a 1,300-acre master-planned community in the Houston suburb of Cypress. The Dunham Pointe Development will feature a mix of residential, office, retail and commercial facilities and have a total of 2,500 custom-built homes. The community will also include a public school. The mixed-use portion of the project will total 205,000 square feet and span 25 acres. According to Trademark, 48 retail, dining and lifestyle tenants have submitted preliminary …
Simon Unveils Plans for Multimillion-Dollar Transformation of Smith Haven Mall on Long Island
Lake Grove, N.Y. — Simon Property Group has unveiled plans for a multimillion-dollar transformation of Smith Haven Mall in the Long Island village of Lake Grove. The redevelopment project will feature improvements to both the interior and exterior of the mall, with the addition of new retailers, restaurants, a new outdoor plaza and amenities throughout the property. The redevelopment process will begin this summer and is scheduled for completion in 2026. “At Simon, we are committed to making significant investments across our portfolio to ensure that our centers continue to …
DAUM Commercial Arranges Sale of 5,000-Square-Foot Restaurant Property in Arcadia, California
Arcadia, Calif. — DAUM Commercial Real Estate Services has arranged the sale of a 5,000-square-foot restaurant space in Arcadia, roughly 13 miles northeast of downtown Los Angeles. Dream1212 LLC, the owner of Mama Lu’s Dumpling House, acquired the property from an undisclosed seller for $4 million. The Arcadia property serves as Mama Lu’s sixth location. This acquisition is part of an expansion of the Chinese restaurant chain, with openings in Beverly Hills and Las Vegas planned for early 2025. Rudy Lara, Nathan Lara and Nick Peukpiboon of DAUM represented the …
Costa Mesa, Calif. — Liberated Brands, a licensed operator of several sport, outdoor and lifestyle apparel brands, has initiated Chapter 11 bankruptcy proceedings, according to court documents filed in Delaware. Liberated Brands’ retail portfolio of brands includes Volcom, Billabong, Quiksilver, ROXY, Honolua Surf, RVCA, Beachworks, Becker Surfboards, ZJ Boarding House, Spyder and Boardriders. According to Gordon Brothers, which is providing real estate advisory services to the retailer, Liberated Brands plans to close its 122 stores throughout the country. Gordon Brothers — which earlier this year entered into a sales transaction with …
Northbrook, Ill. — New York City-based Newmark and Illinois-based Hilco Real Estate has begun marketing 121 JCPenney stores for sale on behalf of the Copper Property CTL Pass Through Trust, a trust owned by JCPenney and managed by Hilco JCP LLC, an affiliate of Hilco Real Estate. JCPenney — which is owned by a joint venture between Simon Property Group and Brookfield Asset Management — operates the stores on an absolute triple-net master lease. The retail portfolio, which averages 130,000 square feet per store, includes 21 stores in Texas, 19 …
Memphis, Tenn. — Pickleball Kingdom, an indoor pickleball company, has announced its newest location in Memphis. The facility — which will span 42,300 square feet — will feature 17 professional-grade indoor courts. Additionally, the Memphis facility will offer youth programs, leagues, tournaments, community and corporate events and professional clinics. Pickleball Kingdom plans to open by summer 2025. Founded in 2022, Arizona-based Pickleball Kingdom is currently operating 350 franchises.
Houston — Ohio-based Donatos Pizza has announced plans to open three locations in Houston. The first of the three new venues is scheduled to open in 2025, with goals for the brand to open 100 locations in Texas. The company also has new units in its pipeline in the Dallas/Fort Worth market. Founded in 1963, Donatos and its franchise partners currently operate more than 175 traditional restaurant venues in Ohio, Indiana, Kentucky, West Virginia, Virginia, South Carolina, Alabama, Tennessee, Georgia, Pennsylvania, Florida and Oklahoma. Donato’s first units in Texas — …
Thompson’s Station, Tenn. — Simon Property Group has entered into an agreement to purchase a development site in metro Nashville with plans to build a luxury shopping and lifestyle destination known as Nashville Premium Outlets. The 325,000-square-foot project will be situated in the southern suburb of Thompson’s Station. “This project represents a significant investment in our town and has the potential to enhance local amenities, create jobs and strengthen our economy,” says Thompson’s Station Mayor Brian Stover. Simon is collaborating with Nashville-based Adventurous Journeys Capital Partners (AJ Capital), a company …