Reisterstown, Md. — Greenberg Gibbons has completed the expansion of a retail building, which now totals 15,000 square feet, at Reisterstown Shopping Center, a 167,212-square-foot shopping center located in the Baltimore suburb of Reisterstown. The retail building includes an 11,076-square-foot renovated Advance Auto Parts, which is now open. Two additional tenants at the building — Jersey Mike’s Subs and Quickway Japanese Hibachi — will open this fall. Other tenants at Reisterstown Shopping Center include Lidl, Big Lots, Walgreens, Planet Fitness, Starbucks Coffee, Chick-fil-A, Bank of America, Wells Fargo and Dollar Tree. …
Leasing
Columbus, Ohio — First National Realty Partners (FNRP) has signed three leases at Carriage Place Shopping Center, a 280,910-square-foot shopping center located in Columbus, bringing the center to 99 percent occupancy. The leases are with tenants Fun City Adventure Park, Pet Supplies Plus and Port of Peri Peri. Fun City Adventure Park — which occupies 35,540 square feet — opened at the property in 2024, replacing a Cinemark theater. Restaurant chain Port of Peri Peri is expected to open at the end of 2025, and Pet Supplies Plus is set …
Georgia and Alabama — Secure Properties has acquired a 12-property portfolio of Burger King-occupied restaurants across Georgia and Alabama for $20 million. The properties are leased to four tenants — including three franchisees and Burger King Corp., which operates four of the properties. Each of the properties is occupied on a long-term, triple-net-lease basis.
Clifton, N.J. — Five new tenants have signed leases to join The Promenade Shops at Clifton, a 160,000-square-foot shopping center located in Clifton, roughly 10 miles west of New York City. Sephora, J. Alexander’s, Paris Baguette and VIO Med Spa have already opened at the property, with Ann Taylor scheduled to open a factory outlet at the center in October 2025. Additionally, four existing tenants at the center — Chicos, LA Fitness, PNC Bank and CityMD — have extended their leases. The shopping center — which opened in 2008 — …
Scottsdale, Ariz. — Vestar has signed leases with 10 new tenants at The Promenade Scottsdale, a 1-million-square-foot retail center located in the Phoenix suburb of Scottsdale. Retail and restaurant concepts including Fan Outfitters, J. Crew, Pvolve and Kura Sushi are now open at the center. IKEA, Sugar Sugar, The Wallpaper Co., DXL and Pella Windows are also scheduled to open at the center before the end of the year. Additionally, existing tenant Cox has expanded its space at the property to occupy an additional 3,852 square feet. Vestar manages the …
McDonough, Ga. — Halpern Enterprises has completed a 6,486-square-foot, multi-tenant retail strip center located in the southern Atlanta suburb of McDonough. The three-tenant property is part of the 20-acre North McDonough Village mixed-use development. The property includes a 2,486-square-foot Starbucks Coffee with a drive-thru and a 2,000-square-foot dental office, with the remaining 2,000 square feet available for lease. The Starbucks recently opened with a 10-year lease. Brad Oppenheimer led the project on behalf of Halpern Enterprises and secured the lease with Starbucks. Palmer Bayless of Emerge Real Estate Services represented …
Florence, S.C. — The Morgan Cos. will develop a grocery-anchored shopping center in Florence, dubbed Palmetto Place. Publix has signed a lease for a 47,000-square-foot space to anchor the project. An additional 18,050 square feet of retail space will be available, as well as several outparcels for future retail development. Wes Thurmond and Robey Spratt of Atlantic Retail Properties will serve as the leasing agents for the project. Morgan Cos. will close on the land acquisition for the shopping center in the coming months, with plans to begin construction later …
New York City — North Plainfield, New Jersey-based Levin Management Corp. (LMC) has negotiated a 62,000-square-foot lease with ShopRite at Evergreen Plaza on Staten Island. A new ShopRite grocery store will backfill an anchor space that was formerly occupied by SuperFresh. Mannix Family Markets will operate the new store, which is scheduled to open this fall. Mannix Family Markets also operates three additional ShopRite locations in the Graniteville, New Dorp and Charleston neighborhoods. LMC represented the landlord in the lease negotiations. Retailer-owned supermarket cooperative Wakefern Food Corp. is the tenant.
Columbus, Ohio — Five new tenants have signed leases at Easton Gateway, a 650,000-square-foot retail property located in Columbus. Sí Señor, SITKA Gear and SuitShop have already opened at the property, and Carhartt and Bareburger are also scheduled to join the lineup. Other tenants at the center include Whole Foods Market, Costco, Dick’s Sporting Goods, J. Alexander’s Restaurant, Fusion, Chuy’s and The Container Store. Developed in 2014, Easton Gateway is situated within the 1,300-acre Easton Town Center mixed-use development.
Webinar: Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead
The March 14 Shopping Center Business webinar “Retail Bankruptcy & Restructuring — Lessons from 2024 & What’s Ahead” covered the state of a retail industry that is both “frenetic and cautious,” in the words of Dana Telsey of Telsey Advisory Group. Tune in to the six-minute mark of the on-demand webinar for Dana’s impressive summary of the latest news in retail. Panelists covered key insights into the evolving retail landscape, including the trends for bankruptcies and liquidations in 2024 and whether those trajectories are likely to continue into 2025. Economic …