Lebanon, Tenn. — A joint venture between PEBB Enterprises and The Sembler Co. has sold a property located within Westview Plaza in Lebanon for $5.6 million. Tenants at the 22,000-square-foot portion of the retail center include China Wok, Mysa Nails & Spa, T-Mobile and Petco. Berkeley Capital Advisors represented the joint venture in the sale. Compass Real Estate represented the buyers, Westview Investment and AMB Investment. Other tenants at Westview Plaza, which comprises 18 acres, include Subway, GNC, Great Clips, Bank of America and Kroger.
Sunnyvale, Texas — Tom Thumb will open a store in Sunnyvale, marking the “first major grocery store” in the area, according to the Town of Sunnyvale. Scheduled to open in late 2025, the grocer will join Gateway Park, a $124 million development that spans 240,000 square feet and features additional retail and restaurant space, as well as athletic facilities. The Sunnyvale Town Council has approved a $3 million economic incentive for the store’s development.
River Forest, Ill. — Whole Foods Market has signed a long-term lease renewal and expansion at River Forest Town Center in River Forest, approximately 11 miles outside downtown Chicago. In addition to implementing a full remodel, Whole Foods will take over a 7,000-square-foot space formerly occupied by Rally House. Dick Spinell of Mid-America Asset Management and Scott Stefanik of Midwest Commercial Realty arranged the lease. This year marks the 30-year anniversary of Whole Food’s opening at the property.
Estero, Fla. — WMG Development has opened Shoppes at Verdana Village, a 78,000-square-foot retail center in Estero. Publix anchors the property. Other tenants at the center include Publix Liquor, Heartland Dental, Dunkin’ Donuts, The Nail Spa Estero, New York Pizza & Pasta and The UPS Store. WMG acquired the land from Cameratta Cos.
Rancho Mirage, Calif. — Albanese Cormier has acquired Rancho Las Palmas, a 162,380-square-foot retail center located in Rancho Mirage. Amazon Fresh, In-N-Out Burger, CVS/pharmacy, Hobby Lobby, Starbucks Coffee and Wells Fargo anchor the property, which was originally built in 1980. The center was extensively renovated in 2016 and 2022. Bryan Ley of JLL Capital Markets represented the undisclosed seller in the transaction.
Charlotte, N.C. — Wegmans Food Markets Inc., a Rochester, New York-based grocer, plans to open a 110,000-square-foot store in Charlotte. Located along North Community House Road, the grocery store will be situated within Ballantyne, Northwood Investors’ 2,000-acre master-planned development on the south side of Charlotte adjacent to the South Carolina border. Wegmans aims to open the new store by the third quarter of 2026. The store will feature all traditional Wegmans departments, including produce, seafood, meat, bakery, deli, cheese and wine and beer. Additional offerings will include Meals2Go and catering, online …
Bowie, Md. — NAI Michael Cos. will develop South Lake Marketplace, a 600,000-square-foot mixed-use project within the $1.3 billion South Lake development underway in Bowie. Karington LLC, an affiliate of NAI Michael Cos., owns South Lake, which also features residential units being developed by Chesapeake Realty Partners. A grocer will anchor the Marketplace property, which will also feature other retail, restaurant, sports entertainment and hospitality concepts. The development will be situated adjacent to Liberty Sports Park, which features 10 professional sports fields and attracts 344,000 tournament attendees annually, according to NAI …
Chicago — Mid-America Real Estate Corp. has arranged the sale of Marketplace at Six Corners, a 116,941-square-foot shopping center in Chicago. Newmark Merrill purchased the asset for an undisclosed price. Anchor tenants at the property include Jewel-Osco, Marshalls, PetSmart and Famous Footwear. Rick Drogosz of Mid-America represented the seller, IRC Retail Centers/DRA Advisors. Pine Tree managed the center on behalf of the seller at the time of sale.
Sarasota, Fla. — Publix Super Markets has opened a 48,000-square-foot grocery store at Fruitville Farms, a mixed-use development currently underway in Sarasota. Benderson Development is the master developer of the public-private partnership, which will feature 150,000 square feet of retail and restaurants, in addition to 600 apartments and a new 120,000-square-foot Sarasota County Administration Center. Publix is the first tenant to open at the shopping center within Fruitville Farms.
Kissimmee, Fla. — JLL Capital Markets has arranged a $47.1 million loan for the refinancing of The Crosslands, a 529,212-square-foot retail center in Kissimmee, roughly 20 miles outside Orlando. The borrower is a joint venture between Hampshire Cos., Federated Hermes and O’Connor Capital Partners. The Fresh Market, Burlington, Academy Sports, Hobby Lobby, Marshalls/HomeGoods and Ross Dress for Less anchor the property, which was developed between 2014 and 2016 and fully leased at the time of financing. Jon Mikula, Michael Klein, Brian Gaswirth, Michael Kavaler and Val McWilliams of JLL secured the …
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