If Calvin Short and Terrison Quinn, managing principals at SRS Real Estate Partners, could sum up the Southern California (SoCal) retail investment sales and leasing environment with one word, it would be “undersupplied.” From an investment standpoint, the region lacks depth in available properties for sale, unlike other parts of the country where there have been leverage shifts in favor of the buyer due to oversupply, says Short, who represents buyers and sellers of retail assets nationwide. That’s particularly true in the net-lease space, which is driving some SoCal-based investors …
Leasing
Zelco Properties, AGW Partners Acquire Retail Portion of Mixed-Use Development in Suburban Boston
Belmont, Mass. — Zelco Properties & Development, in partnership with AGW Partners, has acquired the retail portion of the Bradford, a newly constructed, 184,000-square-foot mixed-use development located in the western Boston suburb of Belmont. The Bradford comprises 115 luxury residential units across three buildings, along with 34,000 square feet of ground-floor retail. The acquisition includes multiple retail spaces ranging from 450 square feet to nearly 20,000 square feet. The retail space contains an anchor suite and a purpose-built restaurant space. Starbucks currently anchors the property, which features on-site parking options, a …
St. Clairsville, Ohio — Three new tenants have signed leases to join Ohio Valley Mall, a 1 million-square-foot super-regional shopping center located in the east central Ohio city of St. Clairsville. Academy Sports + Outdoors and Burlington will occupy a former Sears store, while Boot Barn will open a 13,000-square-foot store in a former Macy’s space. Set to open in late 2026, all three stores will be the first of their brand in the Ohio Valley Mall. Ohio Valley Mall features more than 100 retailers and restaurants including American Eagle, Auntie …
Los Angeles — Vestar has been selected to provide management services for Warner Marketplace, a 160,000-square-foot shopping center located in the Canoga Park neighborhood of Los Angeles. Warner Marketplace is fully leased to a mix of tenants including Ashley Furniture, BevMo!, Ulta Beauty, DSW, PetSmart and Carter’s. With the addition of Warner Marketplace, Vestar now manages over 12.5 million square feet in California and the western United States.
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 …
Cumming, Ga. — Seven new tenants have signed leases to join FrostPoint Capital’s Coal Mountain Shops, a 19,805-square-foot shopping center undergoing redevelopment in Cumming, a north Atlanta suburb. Phase I of the redevelopment is now fully leased, with the new tenants including PNC Bank, Wingstop, barre3, Kumon, Smoothie King, The Bagel Hole and Shape Nails. Details of Phase II of the redevelopment project were not disclosed. Sam Krueger and Kaitlyn Schoerner of Franklin Street handled leasing efforts on behalf of FrostPoint Capital, which purchased the center in May.
Watchung, N.J. — Levin Management Corp. (LMC) has arranged four new leases totaling more than 62,200 square feet at Blue Star Shopping Center, a 420,000-square-foot community shopping center located in the northern New Jersey community of Watchung. The leases include Burlington, Taco Bell, Nail Spa & Beyond and Marshalls. Marshalls will relocate to a 27,000-square-foot portion of a building formerly occupied by ShopRite, which is also being redeveloped to accommodate Burlington. Additionally, Taco Bell has opened a 2,900-square-foot restaurant, while Nail Spa & Beyond will operate a 5,800-square-foot salon. E.J. Moawad …
Roseville, Minn. — JLL has negotiated retail leases for six new tenants at Rosedale Center, a 1.1 million-square-foot shopping center in the Twin Cities community of Roseville. The leases include Kendra Scott, J.Crew Factory, Johnston & Murphy, Lolli & Pops, Paris Baguette and BRKTHROUGH. Additionally, Dick’s Sporting Goods, Legendary Spice, Boba X and Kukuri recently opened at the center. Holly Rome and Lane Walsh of JLL led the leasing effort at Rosedale Center, while also securing the new leases.
Amherst, N.Y. — WS Development has signed leases with 12 new tenants at Station 12, an open-air shopping center under development in the Buffalo suburb of Amherst. The mix of retailers and restaurants expected to open in 2026 include Williams Sonoma, Pottery Barn, Anthropologie, Alo Yoga, Solidcore, EVEREVE, Just Salad, gorjana, FP Movement, Rowan, Free People and Oola Bowls. Whole Foods Market will anchor the property. Additionally, construction will begin later this month on Station 12’s next phase, a 10,000-square-foot community green space. Further details of the development and construction timelines …
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.