Leasing

Aurora Village Shopping Center

Burnsville, Minn. — Transwestern Real Estate Services has negotiated a 66,100-square-foot retail lease at Aurora Village, a 122,323-square-foot shopping center in the south Minneapolis suburb of Burnsville. Soar N Bounce Trampoline and Adventure Park will occupy the space, marking its first location in Minnesota. The company plans to open 12 additional locations, including the site in Burnsville, which is scheduled to open in the first quarter of 2026. Brad Kaplan and Molly Townsend of Transwestern represented the owner, Aurora Investments LLC. Brian Weld and Tom Martin of Cushman & Wakefield …

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Harbor Freight Tools

Hemet, Calif. — Avison Young has negotiated the $2.2 million sale of a single-tenant retail property located at 1735 W. Florida Ave. in Hemet. Harbor Freight Tools occupies the 20,571-square-foot building, which was renovated in 2023. The tenant has approximately 11 years remaining on its absolute triple net lease. Chris Maling and David Maling of Avison Young represented the seller, a California-based limited partnership, in the transaction. The buyer was a California-based private investor.

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Marietta, Ga. — Three new tenants have signed leases to join The Avenue West Cobb, a shopping center located in Marietta, roughly 20 miles northwest of downtown Atlanta. BLENDED Smoothie & Juice Bar will open a 1,200-square-foot store in May, while BODYBAR Pilates will follow with a 2,188-square-foot studio in June. Hammer & Nails is scheduled to open an 1,868-square-foot space in August. Additional tenants at the property include J. Jill, Le’Zia, Hey Linda’s and Mud Creek Market. JLL is the property manager for The Avenue West Cobb.

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Palm Beach, Fla. — New York City-based O’Connor Capital Partners plans to redevelop the former Saks Fifth Avenue store at The Esplanade, a 146,000-square-foot shopping center located at 150 Worth Avenue in Palm Beach. The two-level, 50,000-square-foot store will be transformed to have high-end retail, office space and lifestyle offerings. Fairfax & Sammons Architecture will design the project, while Odyssey Retail will lead leasing efforts and tenant curation.  Current luxury retailers at the The Esplanade include Louis Vuitton, Emilio Pucci, Akris, Christofle, Panerai, Hublot, Carolina Herrera, Lugano Diamonds and Worth …

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Friendly Center

Greensboro, N.C. — CBL Properties has announced that four new restaurants and two new retailers will be joining the tenant lineup at its Friendly Center, a 1.3-million-square-foot regional center located in Greensboro. All four restaurants — Cooper’s Hawk, First Watch, North Italia and French artisan bakery Tous les Jours — as well as LEGO, plan to open by the end of the year, while Rowan anticipates opening this summer. Additional openings are expected in 2025. Current tenants at Friendly Center — which comprises more than 140 stores and services — include …

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Cherry Hill, N.J. — PREIT has signed leases with five new tenants at its Cherry Hill Mall, a 1.3 million-square-foot shopping center located in Cherry Hill. The addition of a 120,000-square-foot DICK’s House of Sport will anchor the center, which is scheduled to open in 2026. The athletics retailer will offer in-store experiences such as a rock-climbing wall, multiple golf bays with TrackMan simulators, an outdoor track and field, as well as a multi-sport cage that customers can use to test products. DICK’s House of Sport will replace the former One …

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Tivoli Village at Queensridge

Las Vegas — Four new tenants have signed leases to join Tivoli Village at Queensridge, a 1 million-square-foot mixed-use development located in the Queensridge neighborhood of Las Vegas. Scissors and Scotch has already opened at the property, while Prenuvo is scheduled to open in the spring. Design Within Reach and Saatva are expected to open this summer. Additional tenants at the property include Restoration Hardware, Merrill Lynch, Al Solito Posto, Leone Café, Regus, PKWY Tavern and La Casa. Managed by Vestar and owned by 3D Investments, Tivoli Village at Queensridge …

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The Learning Experience

Manassas, Va. — SRS Real Estate Partners has arranged the sale-leaseback of a single-tenant retail property located in Manassas, roughly 35 miles southwest of Washington, D.C., for $6.8 million. The Learning Experience, an early childhood education and childcare center, occupies the two-story, 11,150-square-foot property on a triple net lease basis. Originally built in 2023, the facility is operated by one of The Learning Experience’s largest franchisees. Situated at 10219 Dumfries Road, the property sits at the center of a retail corridor that includes a Walmart Supercenter, Harris Teeter, LA Fitness, …

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Shops at the Cardinal

Glendale, Ariz. — Diversified Partners has broken ground on Shops at the Cardinal, a 25,000-square-foot shopping center located in Glendale, approximately nine miles northwest of Phoenix. Situated near State Farm Stadium, the $20 million project will span nine acres and feature a mix of retail and restaurant concepts, as well as multiple drive-thru options and outdoor seating. Confirmed tenants at the property — which is nearing full lease-up — include Swig; Señor Taco; Nautical Bowls; Starbucks Coffee; Bonchon; Pacific Dental Services; La Botana; Jeremiah’s Italian Ice; a Mexican sushi concept; a nail …

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Jini Mini

Tustin, Calif. — Five new tenants have signed leases to join The District at Tustin Legacy, a 1 million-square-foot retail center located in the Orange County city of Tustin. Jini Mini, Café 86 and The District Eatery have already opened at the property. Activate Games is scheduled to open in July, while French bakery Le Macaron is expected to open later this year. Additional tenants at the center include Whole Foods Market, Costco, Target, Lowe’s, Nothing Bundt Cakes, Ben & Jerry’s, The Winery Restaurant & Wine Bar and Pinot’s Palette. …

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