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Wayfair's Denver store
ColoradoCompany newsDevelopmentNews

Wayfair to Open 140,000-Square-Foot Store in Denver 

by Abby Cox

Denver — Online retailer Wayfair will open a 140,000-square-foot store in Denver. Situated within The Shops at Northfield, this will mark Wayfair’s third store announcement this year, and its fourth large-format location overall. The store is scheduled to open in late 2026. The Denver location will span two floors and feature 19 departments. Erik Christopher, Tami Lord and Tony Pierangeli of SRS Real Estate Partners, as well as Matt Curtin of Newmark, led lease negotiations in the transaction. Wayfair’s first physical retail store opened in May 2024 in Wilmette, Illinois, while its second location in Atlanta …

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Erie Highlands
ColoradoCompany newsDevelopmentLeasingNews

Evergreen Devco Breaks Ground on Retail Development in Metro Denver

by Abby Cox

Erie, Colo. — Evergreen Devco Inc. has broken ground on Erie Highlands, a 12.7-acre neighborhood retail development located in Erie, approximately 27 miles north of Denver. Situated at the southwest corner of Country Road 5 and Erie Parkway, the development will provide dining options and retail services to serve the Town of Erie’s expanding residential base and the adjacent Erie High School community. Evergreen Devco originally acquired the site in January 2025. Golden Triangle Construction will execute the onsite and offsite horizontal infrastructure development, while Legend Partners will handle leasing …

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Paddock Mall_Sears
ColoradoCompany newsFloridaInvestment salesKentuckyMallsMontanaNews

CBL Properties Acquires Four Enclosed Malls from Washington Prime Group for $178.9 Million

by Abby Cox

Chattanooga, Tenn. — Chattanooga-based CBL Properties has acquired four enclosed regional malls from Washington Prime Group for $178.9 million. The properties include Ashland Town Center in Ashland, Kentucky; Mesa Mall in Grand Junction, Colorado; Paddock Mall in Ocala, Florida; and Southgate Mall in Missoula, Montana. CBL says it is focused on owning and managing successful enclosed malls in dynamic and growing middle markets. The deal suggests mall recovery extends beyond luxury properties, driven by limited retail construction since 2008, according to The Wall Street Journal. Ashland Town Center is a single-level …

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Nordstrom Rack
Company newsDevelopmentNewsWashington

Nordstrom Rack to Open Five New Locations in 2026 

by Abby Cox

Seattle — Seattle-based fashion retailer Nordstrom Inc. plans to open five new Nordstrom Rack outlet stores next year. The stores will be located in Elmwood, Louisiana; Williamsburg, Virginia; Canton, Ohio; Deptford, New Jersey; and Mansfield, Massachusetts. Nordstrom Rack is the off-price retail division of Nordstrom Inc. Nordstrom Rack offers customers up to 70 percent off on-trend apparel, accessories, beauty products, home decor and shoes from many of the top brands sold at traditional Nordstrom stores. The Elmwood location will open in spring 2026, while the remaining openings are scheduled to debut …

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JCPenney
Company newsInvestment salesLeasingNew JerseyNews

Onyx Partners to Acquire JCPenney Retail Portfolio for $947 Million 

by Abby Cox

Jersey City, N.J. — Onyx Partners of Boston has entered into a binding purchase and sale agreement to acquire 119 JCPenney stores from Copper Property CTL Pass Through Trust, a real estate investment trust created as part of JCPenney’s 2020 Chapter 11 bankruptcy filing, for $947 million. The sale price represents roughly $8 million per store property. The portfolio, which totals nearly 16 million square feet across 34 states, is net leased to JCPenney under a long-term master lease with Penney Intermediate Holdings LLC. The all-cash sale is scheduled to …

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Palm Beach Promenade
Company newsFloridaGeorgiaGrocery-anchoredNewsPower centers

Pine Tree to Manage Two Shopping Centers Totaling 700,000 Square Feet 

by Abby Cox

West Palm Beach, Fla. and Buford, Ga. — Northbrook, Illinois-based Pine Tree has been selected to provide management services for two shopping centers owned by Invesco, which total 700,000 square feet. The properties include the Palm Beach Promenade in West Palm Beach, Florida, and Georgia Crossing in Buford, Georgia. Pine Tree’s Southeast management portfolio now totals 3.8 million square feet. The 300,000-square-foot Palm Beach Promenade is anchored by Whole Foods Market and features a mix of more than 100 tenants including Ross Dress For Less, TJ Maxx, Marshalls, HomeGoods and …

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Polaris Fashion Place
Company newsMixed-useNewsOhio

O’Connor Capital Acquires Full Ownership of Polaris Fashion Place in Columbus, Ohio

by Abby Cox

Columbus, Ohio — O’Connor Capital Partners has acquired full ownership of Polaris Fashion Place, a 1.6 million-square-foot mixed-use lifestyle center located in Columbus. As part of the acquisition, O’Connor will assume full operational control of the center, overseeing day-to-day management, as well as leasing and operations through the existing on-site team. Macy’s, Saks Fifth Avenue and JCPenney anchor Polaris Fashion Place, which has a tenant mix of more than 160 retail, restaurant and entertainment options. Other tenants include Abercrombie & Fitch, American Eagle, Beetlebug Art Collective, BoxLunch, California Pizza Kitchen, …

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Company newsLeasingMassachusettsNews

PREIT Signs Leases with Five Tenants at Dartmouth Mall in Massachusetts

by Abby Cox

Dartmouth, Mass. — PREIT has signed leases with five new tenants at Dartmouth Mall, a 671,000-square-foot regional mall in Dartmouth. Western and work wear retailer Boot Barn will open a 15,000-square-foot store this fall as its first location in the area. Locker Room by Lids expects to open at the end of the month, while Chick-fil-A plans to open as an outparcel at the property later this year. Cinnabon and Carvel have already opened. These additions follow the redevelopment of the former Sears space, which is now occupied by Ulta Beauty …

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Lucky Strike Bowling
Company newsEntertainmentNewsVirginia

Lucky Strike Entertainment Buys 58 Existing Locations for $306 Million 

by Abby Cox

Richmond, Va. — Richmond, Virginia-based Lucky Strike Entertainment, operator of bowling alleys and entertainment venues, has purchased 58 of its existing locations for $306 million. The deal aims to reduce annual rent obligations, while eliminating the risk of future lease inflation, say company representatives. Lucky Strike will continue to operate each of the locations after the deal closes. The transaction was financed through a $230 million bridge facility under Lucky Strike’s revolving credit line, as well as cash on hand. Spanning 16 states, the 58-property portfolio includes locations in California, …

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Company newsFloridaNews

Fatburger Signs 40-Unit Franchise Deal in Florida 

by Abby Cox

Los Angeles — Beverly Hills, California-based FAT Brands Inc., parent company of Fatburger and 17 other restaurant concepts, has signed a new development deal with existing franchisee Whole Factor Inc., to open 40 additional Fatburger locations across Florida over the next 10 years. Since 2021, the fast-casual hamburger chain has expanded into the Orlando and Tampa areas with a 14-unit development deal, opening the newest restaurant locations in Riverview and Celebration. FAT Brands currently owns and franchises more than 2,300 units worldwide.

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