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Best-Buy_Brook-Highland-Plaza_Birmingham
AlabamaFinanceNewsPower centers

CBRE Arranges $57 Million in Refinancing for 422,337-Square-Foot Power Center in Birmingham, Alabama

by Abby Cox

Birmingham, Ala. — CBRE has arranged a $57 million loan for the refinancing of Brook Highland Plaza, a 422,337-square-foot power center located in Birmingham. Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE’s Debt & Structured Finance team in Atlanta arranged the loan through an undisclosed life insurance company on behalf of the borrower, First National Realty Partners. Brook Highland Plaza is situated on 52 acres and was 94.4 percent leased at the time of sale to tenants including Sprouts Farmers Market, Best Buy, Burlington, HomeGoods, Michaels, Shoe …

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Overland-Crossing
FinanceGrocery-anchoredKansasNews

JLL Arranges $25.5 Million in Refinancing for 140,806-Square-Foot Grocery-Anchored Shopping Center in Suburban Kansas City

by Abby Cox

Overland Park, Kan. — JLL Capital Markets has arranged $25.5 million for the refinancing of Overland Crossing, a 140,806-square-foot grocery-anchored center located in the Kansas City suburb of Overland Park. Tenants at the center, which is 94 percent occupied, include a newly constructed Whole Foods, Burlington Coat Factory, Nordstrom Rack and Five Below. The property also features three pad sites. Overland Crossing previously underwent an expansion and redevelopment in 2021, which included the addition of Whole Foods Market. Chris Gandy, Tom Gilliland and Michael Nieder of JLL secured the three-year, floating-rate …

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Clearwater-Shoppes_Whole-Foods
FloridaGrocery-anchoredInvestment salesNews

Benderson Development Acquires 216,692-Square-Foot Grocery-Anchored Center in Clearwater, Florida

by Abby Cox

Clearwater, Fla. — Benderson Development has acquired Clearwater Shoppes, a 216,692-square-foot shopping center located in Clearwater. Situated on 14.5 acres adjacent to the 1.3 million-square-foot Countryside Mall, the center’s tenant roster includes Whole Foods Market, Target and Nordstrom Rack. Seritage Growth Properties sold the shopping center to Benderson for an undisclosed price. Danny Finkle, Jorge Portela, Kim Flores and Evan Lahr of JLL represented the seller in the transaction.

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Arbys-Rep-Photo
GeorgiaInvestment salesNewsSouth Carolina

SRS Real Estate Negotiates Sale of Two Retail Properties in Georgia, South Carolina, Totaling $7.6 Million

by Abby Cox

Carrollton, Ga. and Union, S.C. — SRS Real Estate Partners has negotiated the sale of two single-tenant retail properties in Georgia and South Carolina totaling $7.6 million. The properties include a property in Carrollton leased to Parachute Plasma and a drive-thru restaurant in Union occupied by Arby’s. Britt Raymond and Kyle Fant of SRS represented the 1031 exchange buyer, a New York City-based private investor, in the transaction. The sellers were not disclosed. The first property, Parachute Plasma, sold for $5.5 million and totals 7,613 square feet of retail and …

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West-Bay-Center-Publix
DevelopmentFloridaMixed-useNews

St. Joe Co. to Develop Publix at Watersound West Bay Center in Panama City Beach, Florida

by Abby Cox

Panama City Beach, Fla. — The St. Joe Co. will develop a new Publix grocery store at Watersound West Bay Center, a lifestyle center under construction in Panama City Beach. The new Publix is expected to comprise 50,000 square feet and will feature a pharmacy, deli and bakery, as well as an adjacent Publix Liquor store. Plans will also include an additional 11,000 square feet of inline retail space. Upon completion, Watersound West Bay Center will serve the neighboring Latitude Margaritaville Watersound community, which will have a total of 3,500 …

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Mountain-Shadows-Plaza
CaliforniaInvestment salesNews

SRS Real Estate Negotiates $17.7 Million Sale of Mountain Shadows Plaza in Rohnert Park, California

by Abby Cox

Rohnert Park, Calif. — SRS Real Estate Partners has negotiated the $17.7 million sale of Mountain Shadows Plaza, a 77,651-square-foot retail center located in the Sonoma County community of Rohnert Park. Situated on roughly 7.5 acres, the five-building property was 97 percent occupied at the time of sale. Tenants include Walmart Neighborhood Market, Starbucks Coffee, Straw Hat Pizza, The UPS Store, Subway and Anytime Fitness. John Redfield and Joe Chichester of SRS represented the seller, a special purpose vehicle controlled by Oak Cap Ventures LLC (OCV).

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Westland-Plaza
Grocery-anchoredInvestment salesMississippiNews

Legacy Realty Group Arranges Sale of 214,281-Square-Foot Westland Plaza in Jackson, Mississippi, for $11.8 Million

by Abby Cox

Jackson, Miss. — Legacy Realty Group Advisors has arranged the sale of Westland Plaza, a 214,281-square-foot shopping center located in Jackson, for $11.8 million. Grocery Depot anchors the property, which is also home to a mix of additional tenants including Planet Fitness, Family Dollar, Hibbett Sports, Rent-A-Center, Rainbow Shops and City Gear.  Jacob Baruch, Daniel Baruch and Ari Warshaw of Legacy Realty Group represented the buyer in the transaction. Beezie Landry and Justin Langlois of Stirling Investment Advisors represented the seller.

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Phoenixville-Shopping-Center
Investment salesNewsPennsylvania

Marcus & Millichap Brokers $7.4 Million Sale of 33,093-Square-Foot Retail Property in Metro Philadelphia

by Abby Cox

Phoenixville, Pa. ­— Marcus & Millichap has brokered the $7.4 million sale of Phoenixville Shopping Center, a 33,093-square-foot retail property located in Phoenixville, roughly 28 miles northwest of Philadelphia. Built in 2007 on nearly 4 acres, the center is fully leased and shadow anchored by ACME Markets. Additional tenants include Fresenius Kidney Care, Labcorp, NovaCare Rehabilitation, State Farm, Benchmark Federal Credit Union and Habitat for Humanity ReStore, as well as a mix of local service and retail operators.  Scott Woodard and Derrick Dougherty of Marcus & Millichap represented the seller, …

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area-15-tenants
LeasingNevadaNews

AREA15 in Las Vegas Unveils 18 New Tenants

by Abby Cox

Las Vegas — A mix of 18 tenants have signed leases to join AREA15, a 40-acre entertainment, retail and dining district in Las Vegas. Universal Horror Unleashed and Interstellar Arc are already open at the property, while The Escape Room, Malibu Barbie Café and Great Big Game Show are scheduled to open in the coming weeks. Restaurant concepts Fuku Chicken, Chilango’s Tacos, Alien Pizza Party, Museum of Ice Cream, Saint Honoré Doughnuts & Beignets, Cosmic Pretzel, The Bowl, Good Company Burgers and Nacho Daddy will open in 2026, along with apparel …

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sarasota-square-redevelopment
Company newsFloridaLeasingNews

Jamestown to Provide Leasing for Sarasota Square Redevelopment in Florida

by Abby Cox

Sarasota, Fla. — Jamestown has been selected to provide leasing for Sarasota Square, a redevelopment of the former Sarasota Square mall, which will be transformed into an open-air lifestyle center. Chicago-based Torburn Partners received approval for the redevelopment plan in April 2024, and demolition of the indoor mall began in February 2025. The first retail building is currently under construction. Previously confirmed tenants at the project include Whole Foods Market, Homesense, CAVA, Chipotle Mexican Grill, Joe & The Juice and Charles Schwab.

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