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Providence-Place
Investment salesNewsRhode Island

Partnership Acquires Providence Place in Rhode Island for $133 Million

by Abby Cox

Providence, R.I. — Pyramid Management Group, along with Paolino Properties and DW Partners, have acquired Providence Place, a 1.4 million-square-foot regional retail center located in Providence, for $133 million. The 13.2-acre property has been in a court-ordered receivership for multiple years following a loan default by the previous owner, Brookfield Properties. Tenants at Providence Place include Dave & Buster’s, Abercrombie & Fitch, American Eagle, Aldo, Apple, Bath & Body Works, Brooks Brothers, Champs Sports, CycleBar, DSW, Five Below and Garage.

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Springnex Plaza
FinanceGrocery-anchoredNew YorkNews

Northmarq Arranges $32 Million in Financing for Grocery-Anchored Retail Property in Queens

by Abby Cox

New York City — Northmarq has arranged $32 million in financing for Springnex Plaza, a 96,028-square-foot retail property located in the southeast Queens neighborhood of Springfield Gardens. Stop & Shop anchors the center, which features a mix of additional tenants such as Ashley Stewart, IHOP and Northwell Health. Robert Delitsky and Charles Cotsalas of Northmarq secured the loan through Principal Financial Group on behalf of the borrower, Mattone Group Springnex LLC.

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Wynwood Jungle
FloridaInvestment salesNews

Newmark Negotiates Sale of 38,945-Square-Foot Retail Property in Miami

by Abby Cox

Miami — Newmark has negotiated the sale of Wynwood Jungle, a 38,945-square-foot retail property located in Miami’s Wynwood Arts District. Completed in 2016, Wynwood Jungle was repositioned in 2023 with more than $1 million in capital improvements, such as upgrades to the common areas, façade enhancements, the addition of outdoor dining spaces and rooftop restaurant activation. Tenants at the center include The Salty, Sora, Sürinitea, Häagen-Dazs and 27 Club Coffee. Eric Williams, Conor Lalor, James Sharpe V and Andrei Larion of Newmark represented the seller in the transaction.

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east_coast_hwy_corona_del_mar_ca
CaliforniaInvestment salesNews

Coastal Commercial, Marcus & Millichap Arranges $13.7 Million Sale of Multi-Tenant Retail Property in Corona del Mar, California

by Abby Cox

Corona del Mar, Calif. — Coastal Commercial and Marcus & Millichap have arranged the $13.7 million sale of 2515 E. Coast Highway, a 13,883-square-foot, multi-tenant retail property located in the Southern California community of Corona del Mar. Nathan Holthouser of Coastal Commercial and Ron Duong of Marcus & Millichap facilitated the transaction. The buyer, which was a company doing business as Shops at CDM LLC led by local broker and investor Phil Berry, paid $700,000 above the initial asking price. Poole Properties, formerly John Pool Radio Properties, owned the center …

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Frederick-Brickworks
DevelopmentGrocery-anchoredMarylandMixed-useNews

Club Studio to Co-Anchor $450 Million Mixed-Use Development in Frederick, Maryland

by Abby Cox

Frederick, Md. — Greenberg Gibbons has signed a lease with Club Studio at Frederick Brickworks, a $450 million, 65-acre mixed-use destination in Frederick, roughly 50 miles northwest of Baltimore. The fitness club will occupy a 30,000-square-foot space and will join a 35,000-square-foot Whole Foods Market as a co-anchor. The development will feature a mix of additional tenants such as honeygrow, First Watch, Shake Shack, Dave’s Hot Chicken and Inspire Nail Bar. The first phase of the project will also include 332 apartments and 320 for-sale townhomes built by Wormald and NVR …

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DevelopmentGeorgiaNewsOklahomaRetailersTennesseeTexasVirginia

Academy to Open 11 New Stores Across Six States in Third Quarter 2026

by Abby Cox

Katy, Texas — Academy Sports + Outdoors has opened two new stores in St. Clairsville, Ohio, and Kerrville, Texas, with plans to open nine additional locations this quarter in Celina, Texas; McAlester, Oklahoma; Lacy Lakeview, Texas; Fayetteville, Georgia; Roanoke, Virginia; Statesboro, Georgia; Granbury, Texas; Millington, Tennessee; and Fairview, Texas. To date, Academy has opened seven new stores in 2026 and anticipates opening a total of 20 to 25 new locations this fiscal year. Academy Sports + Outdoors has opened more than 60 new locations since 2022, including 24 new stores across …

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ColoradoFinanceNews

ABMAR Investments Receives $5.7 Million Loan for Refinancing of Union Square Shopping Center in Colorado Springs

by Abby Cox

Colorado Springs, Colo. — ABMAR Investments has received a $5.7 million loan for the refinancing of Union Square Shopping Center, a retail property located at 5035-5069 N. Academy Blvd. in Colorado Springs. Andrew Deaver, Rob Bova and Tom Gilliland of JLL Capital Markets arranged the three-year, floating-rate loan on behalf of ABMAR Investments, which will use a portion of the proceeds to fund upcoming improvements for tenant Crunch Fitness, along with additional capital expenditures. Built in 1978 and renovated in 2005, Union Square features 69,347 square feet of retail space …

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ArizonaFinanceNewsPower centers

CBRE Arranges $45.8 Million Loan for Refinancing of Scottsdale Towne Center

by Matthew Auchincloss

Scottsdale, Ariz. — CBRE has arranged a $45.8 million loan for the refinancing of Scottsdale Towne Center, a 168,090-square-foot power center located at 15444 N. Frank Lloyd Wright Blvd. in Scottsdale. The center is nearly 100 percent leased and is anchored by TJ Maxx, Ross and Mountainside Fitness and shadow-anchored by Target. Shaun Moothart, Bruce Francis, Doug Birrell, Bob Ybarra and Nick Santangelo of CBRE Capital Markets’ Debt and Structured Finance team secured a five-year, fixed-rate, full-term interest-only loan on behalf of the owner, who acquired the property in 2021. 

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Investment salesNewsPennsylvaniaPower centers

CBL Properties Closes $50.6 Million Sale of York Town Center in York, Pennsylvania

by Matthew Auchincloss

York, Pa. — CBL Properties, along with its 50 percent joint venture partner, has sold York Town Center, an open-air regional retail center located in the southern Pennsylvania town of York for $50.6 million. The transaction was completed at an 8.5 percent capitalization rate. York Town Center features 14 stores, including DICK’S Sporting Goods, Boot Barn, Best Buy and ULTA, and spans more than 297,000 square feet. The buyer was not disclosed.

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FloridaInvestment salesNews

Benderson Acquires Three Properties Totaling 400,000 Square Feet in Florida 

by Matthew Auchincloss

University Park, Fla. — Benderson Development has acquired three properties totaling 400,000 square feet along the west coast of Florida. The first, Granada Plaza, is a Publix-anchored retail center located in the Tampa suburb of Dunedin at the intersection of Main Street and Keene Road. The second acquisition is Venice Market Place, a shopping center located where Tamiami Trail meets Center Road in Venice. Finally, Benderson purchased a building tenanted by Lowe’s Home Improvement Center at 10070 Estero Town Commons Place in Estero. 

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