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Sagefield Nashville
DevelopmentMixed-useNewsTennessee

Simon to Develop 100-Acre Sagefield Mixed-Use Center in South Nashville

by Abby Cox

Nashville, Tenn. — Simon Property Group plans to develop Sagefield, a 100-acre mixed-use destination that will be located on the south side of Nashville. The construction timeline for the project was not released. Situated in the hills of Williamson County, the planned project will feature lifestyle shops, restaurants and service retail spaces, as well as a landmark hotel by Author & Edit Hospitality, a hotel brand helmed by restaurateur and hotelier Sam Fox of Fox Restaurant Concepts. “This exciting new development will set a new standard for quiet luxury in …

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Fischer Marketplace
GeorgiaGrocery-anchoredInvestment salesNews

Hanley Investment Group Brokers Sale of Publix-Anchored Shopping Center in Metro Atlanta for $26.9 Million

by Abby Cox

Sharpsburg, Ga. — Hanley Investment Group Real Estate Advisors has brokered the $26.9 million sale of Fischer Marketplace, a newly constructed, 70,134-square-foot Publix-anchored shopping center in Sharpsburg, approximately 38 miles southwest of Atlanta. Additional tenants at the property, which was fully occupied at the time of sale, include Jersey Mike’s, Dave’s Hot Chicken, Nothing Bundt Cakes and Great Clips. The sale also features three outparcels leased to Gusto!, Heartland Dental and Andy’s Frozen Custard. Publix occupies approximately 69 percent of the property on a long-term lease. Kevin Fryman and Ed Hanley …

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Morganton Park South
FinanceIowaNewsNorth Carolina

BWE Arranges $49.5 Million Refinancing for Two Shopping Centers

by Abby Cox

Southern Pines, N.C. and Cedar Falls, Iowa — BWE has arranged $49.5 million for the refinancing of two shopping centers totaling 414,680 square feet located in North Carolina and Iowa. Dan Rosenberg, Logan Petersmeyer and Isabella Barrios of BWE secured the financings on behalf of Cincinnati, Ohio-based Midland Atlantic Properties. Both non-recourse loans feature competitive interest rates and multiple years of interest-only payments. The first property, Viking Plaza Drive in Cedar Falls, Iowa, is a 147,659-square-foot shopping center leased to Scheel’s, Michaels, Old Navy and Ulta Beauty. The second property, Morganton …

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Shoppes at East Stone
Investment salesNewsTennessee

Marcus & Millichap Arranges Sale of 23,876-Square-Foot Retail Center in Kingsport, Tennessee

by Abby Cox

Kingsport, Tenn. — Marcus & Millichap has arranged the sale of Shoppes at East Stone, a 23,876-square-foot retail center located in Kingsport, a city near the Tennessee-Virginia border. Built in 2011, the property was 95 percent leased at the time of sale to tenants including Jersey Mike’s, Stanton Optical, East Coast Wings + Grill, Lendmark Financial Services, Lumber Liquidators and Polish Nail Bar. Michael J. Early of Marcus & Millichap represented the seller, a Maryland-based family office, in the transaction. Jody McKibben was Marcus & Millichap’s broker of record in Tennessee. 

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Westgate Entertainment District
ArizonaLeasingMixed-useNews

Western Real Estate Advisors to Provide Leasing for Westgate Entertainment District in Metro Phoenix

by Abby Cox

Glendale, Ariz. — Western Real Estate Advisors has been selected to provide leasing for the retail portion of Westgate Entertainment District, a 623,734-square-foot super-regional mixed-use project under development in Glendale, roughly nine miles northwest of downtown Phoenix. Charles Skaggs, Noah Anastassatos and Haley Perez of Western Retail Advisors will lead leasing efforts at the property, which is owned and operated by YAM Properties LLC. The retail portion of the Westgate Entertainment District, which is 98 percent leased, features 388,885 square feet of shops, eateries and entertainment venues across 15 buildings. Tenants …

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Grocery-anchoredInvestment salesNewsVirginia

Cohen & Steers, Philips Edison Acquire Kroger-Anchored Shopping Center in Charlottesville, Virginia

by Abby Cox

Charlottesville, Va. — A joint venture between Cohen & Steers Income Opportunities REIT (CNSREIT) and Philips Edison & Co. (PECO) has acquired Rio Hill Shopping Center, a 288,000-square-foot open-air shopping center located near the University of Virginia (UVA) in Charlottesville. This transaction marks CNSREIT’s third acquisition with PECO and its seventh open-air shopping center. Rio Hill Shopping Center is leased to Kroger and two TJX concepts. The sales price was not disclosed.

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Fabyan Randall Plaza
Grocery-anchoredIllinoisInvestment salesNews

Cushman & Wakefield Negotiates Sale of 91,415-Square-Foot Retail Center in Suburban Chicago

by Abby Cox

Batavia, Ill. — Cushman & Wakefield has negotiated the sale of Fabyan Randall Plaza, a 91,415-square-foot neighborhood retail center located in Batavia, a western suburb of Chicago. Trader Joe’s anchors the property, which features a mix of additional retailers including Sierra Trading Post, Dollar Tree and a freestanding Walgreens. Evan Halkias and David Matheis of Cushman & Wakefield, along with Glenn Rudy of Newmark Pacific, represented the seller, Plano, Texas-based NetCo Investments Inc., in the transaction. The buyer was a private investor.

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Ashford Village Center
Grocery-anchoredInvestment salesNewsTexas

Whitestone REIT Acquires 81,407-Square-Foot Grocery-Anchored Center in Houston

by Abby Cox

Houston — Whitestone REIT has acquired Ashford Village Center, an 81,407-square-foot grocery-anchored, neighborhood shopping center located in Houston. Tenants include Thanjai Mess, Ramen Bar Ichi, Japan House, Dollar Tree, Giggles and Fun, Salon Village and Japanese grocer Seiwa Market, which anchors the property. Ashford Village Center was originally built in 1979 on roughly 7 acres, according to LoopNet Inc. Ashford Village marks Whitestone’s 10th neighborhood shopping center acquisition in Houston.

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Taco John's
Company newsDevelopmentMinnesotaNews

Taco John’s Signs Five-Unit Franchise Agreement in North Dakota

by Abby Cox

St. Louis Park, Minn. — Mexican quick-service restaurant Taco John’s has signed a franchise agreement to open five new units in North Dakota. The deal will bring five new units to Fargo, with the first scheduled to open by the end of the year, and the second following in early 2026. Entrepreneur Brett Itterman will own and operate the restaurants. Founded in 1969 in Cheyenne, Wyoming, Taco John’s operates and franchises nearly 350 restaurants across 22 states.

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Hillrose Market
DevelopmentGeorgiaMixed-useNews

Atlantic Cos. to Build Hillrose Market Mixed-Use Development in Suburban Atlanta

by Abby Cox

Roswell, Ga. — The Atlantic Cos. has received approval from the City of Roswell to build Hillrose Market, a mixed-use development in the northern Atlanta suburb of Roswell. Adjacent to City Hall with a walkable trail connection to the Canton Street Historic District, Hillrose Market will transform a 7-acre site fronting Hill Street between Atlanta and Ellis streets. Plans call for a six-building, 75,000-square-foot retail village; an office building; the adaptive reuse of the former Roswell Police Department into a mixed-use hub with ground-floor retail space and second-floor workspace; 143 luxury …

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