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Grandscape
Company newsLeasingNews

SRS Real Estate to Provide Leasing for Grandscape in Metro Dallas

by Abby Cox

The Colony, Texas — SRS Real Estate Partners has been selected to provide leasing services for Grandscape, a 3.9 million-square-foot mixed-use development located in The Colony, a city roughly 30 miles outside Dallas. Rose Meza, Michael Kaplan and Karla Smith of SRS will lead leasing efforts for the property, which is owned by NFM (formerly known as Nebraska Furniture Mart). Tenants at the property include NFM, Scheels, COSM, Andretti Indoor Karting & Games and PopStroke, as well as additional retail, dining and entertainment attractions. Approximately 44 acres of land for …

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Laveen Towne Center
ArizonaCompany newsDevelopmentNews

Vestar to Develop 500,000-Square-Foot Laveen Towne Center in Southwest Phoenix

by Abby Cox

Phoenix — Vestar has received approval from the Village Planning Committee to develop Laveen Towne Center, an open-air shopping center in Phoenix’s southwest submarket of Laveen. Set to break ground in summer 2026 with a grand opening targeted for winter 2027, Laveen Towne Center will feature 500,000 square feet of retail, dining and entertainment space across 90 acres. Vestar plans to preserve the character and charm of the area through the project’s design and programming. The development will reuse existing materials and features found onsite, including from the Hudson Farmhouse, …

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Potbelly Sandwich
Company newsGeorgiaIllinoisInvestment salesNewsRestaurantsRetailers

RaceTrac Agrees to Acquire Potbelly Sandwich Shop Chain for $566 Million

by Abby Cox

Atlanta and Chicago — Convenience retailer RaceTrac Inc. has entered into a definitive merger agreement to acquire all outstanding shares of fast-casual sandwich chain Potbelly Corp. for $17.12 per share. The all-cash transaction is valued at roughly $566 million, representing a premium of approximately 47 percent to Potbelly’s 90-day volume-weighted average price as of Sept. 9. The acquisition is expected to close in the fourth quarter, subject to customary closing conditions and regulatory approvals. Founded more than 40 years ago in Chicago, Potbelly sells toasted sandwiches, salads, soups and hand-dipped …

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Maria Toliopoulos
Company newsIllinois

Cullinan Properties Appoints New Chief Strategy Officer

by Abby Cox

Peoria, Ill. — Peoria, Illinois-based Cullinan Properties has appointed Maria Toliopoulos as chief strategy officer. Toliopoulos is an industry veteran with more than 20 years of leadership experience in real estate strategy, leasing and legal counsel. In her new role, she will be responsible for expanding Cullinan’s footprint while advancing the company’s growth initiatives. Toliopoulos joined Cullinan after most recently leading her own consulting firm, The Hyperion Group. Prior to that, she served as senior vice president of real estate at Ashley Global Retail and spent a decade at Retail Properties …

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Company newsInvestment salesNewsPennsylvania

DICK’S Sporting Goods Completes $2.4 Billion Acquisition of Foot Locker

by Abby Cox

Pittsburgh — Pittsburgh-based DICK’S Sporting Goods has completed its $2.4 billion acquisition of Foot Locker. With the merger, DICK’S will now operate more than 3,200 stores across 20 countries, while maintaining Foot Locker’s portfolio of brands including Foot Locker, Kids Foot Locker, Champs Sports, WSS and atmos. The transaction is expected to generate $100 million to $125 million in cost synergies and become earnings per share accretive in the company’s 2026 fiscal year. Goldman Sachs served as financial advisor to DICK’S for this transaction, and Wachtell, Lipton, Rosen & Katz served as DICK’S …

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Company newsIowaLeasingNews

Macerich, CBRE Develop Leasing Partnership for NorthPark Mall in Davenport, Iowa 

by Abby Cox

Davenport, Iowa — Macerich and CBRE have formed a leasing partnership for NorthPark Mall, an 855,000-square-foot regional mall located in Davenport. Riley Hogan of CBRE is the local lead CBRE representative and will oversee marketing and leasing strategies for the property. Dillard’s, JCPenney and Von Maur anchor NorthPark Mall, which features a mix of additional tenants including H&M, Windsor, Dry Goods, Barnes & Noble, Olive Garden, R&C Brazilian Steakhouse, Osaka Sushi Bar and Chick-fil-A.

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Academy Sports + Outdoors
AlabamaCompany newsDevelopmentFloridaGeorgiaIndianaMississippiNewsOhioSouth CarolinaTennesseeTexasVirginia

Academy Sports + Outdoors Opens 11 New Stores in Third Quarter 2025 

by Abby Cox

Katy, Texas — Katy, Texas-based Academy Sports + Outdoors has opened 11 new stores in the third quarter of this year, with plans to debut a total of up to 25 new locations in 2025. The sporting goods and outdoor recreation retailer has already launched three new locations in Boardman, Ohio; Beaufort, South Carolina; and Virginia Beach, Virginia; and will open eight more stores in fall 2025 in Rome, Georgia; Cullman, Alabama; Mishawaka, Indiana; Lakeland, Florida; Columbia, Tennessee; Albany, Georgia; Palestine, Texas; and Batesville, Mississippi. The 11 new store openings this …

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Eaglewood Shops
Company newsMassachusettsNew HampshireNewsRhode Island

Wilder to Manage 74 Retail Properties Across Three States

by Abby Cox

Boston — Boston-based Wilder has been selected to provide management services for 74 retail properties across Massachusetts, New Hampshire and Rhode Island on behalf of Linear Retail Properties. With the addition of these properties, Wilder’s portfolio now exceeds more than 100 locations, ranging from Maine to Florida.

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Carriage Square
CaliforniaCompany newsNews

NewMark Merrill Cos. to Manage Carriage Square in Oxnard, California

by Abby Cox

Oxnard, Calif. — Calabasas, California-based NewMark Merrill Cos. has been selected to provide management services at Carriage Square, a 205,565-square-foot shopping center located in Oxnard. NewMark Merrill now owns and/or manages 110 shopping centers across California, Colorado and Illinois. Originally built in the 1960s, Carriage Square underwent a major redevelopment in 2011 to improve its existing retail space, such as constructing a new 171,069-square-foot retail pad for Lowe’s. Other tenants at the center, which is fully occupied, include KFC, IHOP, O’Reilly Auto Parts, 7-Eleven, Master’s Donuts and Pacific Oaks Federal …

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Rita’s Italian Ice & Frozen Custard
Company newsMichiganNewsOhioSouth Carolina

Rita’s Italian Ice Continues Expansion, Plans for 19 New Store Openings in Fourth-Quarter 2025

by Abby Cox

Philadelphia — Pennsylvania-based Rita’s Italian Ice & Frozen Custard plans to open 19 new stores in the fourth quarter as part of an initiative to launch nearly 40 locations in 2025. In the first half of the year, the restaurant chain opened 16 new shops, including locations in Grand Rapids, Michigan; Nexton, South Carolina; and Liberty Township, Ohio. Newly debuted drive-thru models in Fort Worth, Texas, and Cleveland, Ohio, have been a contributing factor to Rita’s expansion efforts, according to company representatives. Founded in 1984, Rita’s Italian Ice & Frozen Custard …

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