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Chappaqua-Crossing
Investment salesNew YorkNews

CBRE Negotiates $76.5 Million Sale of Chappaqua Crossing in New York

by Abby Cox

Chappaqua, N.Y. — CBRE has negotiated the $76.5 million sale of Chappaqua Crossing, a 120,986-square-foot shopping center located in New York’s Westchester County that is part of the redevelopment of the 114-acre former Reader’s Digest headquarters campus. Tenants at the center include Whole Foods, Life Time Fitness, Starbucks Coffee and Chase Bank. The property also features more than 500,000 square feet of medical and office space, 64 apartments and 91 luxury townhomes. Jeffrey Dunne, David Gavin and Travis Langer of CBRE’s National Retail Partners represented the seller, Heitman, and procured the buyer, …

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Orland-Park-Place
IllinoisInvestment salesNews

Mid-America Arranges Sale of 580,477-Square-Foot Shopping Center in Suburban Chicago

by Abby Cox

Orland Park, Ill. — Mid-America Real Estate Corp. has arranged the sale of Orland Park Place, a 580,477-square-foot shopping center in the southern Chicago suburb of Orland Park. The sales price was $60 million, according to Crain’s Chicago Business. Orland Park Place, which was 93 percent leased at the time of sale, included a mix of tenants such as Nordstrom Rack, Marshalls, Ross Dress for Less, Dick’s Sporting Goods, Steinhafel’s Furniture, Ashley Home Store, Hobby Lobby, DSW, Barnes & Noble and Planet Fitness. The sale included the primary 568,577-square-foot inline …

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DevelopmentMissouriMixed-useNews

Staenberg Group Begins Site Work for Chesterfield Mall Redevelopment in Metro St. Louis

by Abby Cox

Chesterfield, Mo. — The Staenberg Group (TSG) has begun utility work and site grading for Downtown Chesterfield, the redevelopment of the former Chesterfield Mall site into a mixed-use destination in suburban St. Louis. This phase of work includes utility installation and relocation needed to support future development as well as site grading focused on the new road network and the 3.3-acre park that will serve as the centerpiece of Downtown Chesterfield. These early infrastructure improvements help transition the project site from demolition to active development. Plans call for a mix of …

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bjs-wholesale-club
FinanceFloridaNews

MMCC Arranges $7 Million in Financing for Single-Tenant Retail Property in Suburban Jacksonville

by Abby Cox

Orange Park, Fla. — Marcus & Millichap Capital Corp. (MMCC) has arranged $7 million in financing for a 109,895-square-foot single-tenant retail property in the Jacksonville suburb of Orange Park. BJ’s Wholesale Club occupies the building. Garrett Fierstein of MMCC secured the financing through a local credit union on behalf of a private client.

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The Cliff
LeasingNevadaNews

Six Retail, Restaurant Tenants to Open at The Cliff in Metro Las Vegas

by Abby Cox

Henderson, Nev. — A partnership between Partners Capital Inc. and CAST has announced the first wave of tenants for The Cliff, a 100,000-square-foot retail development located in Henderson, roughly 15 miles outside Las Vegas. Retail and restaurant concepts including The Taco Stand, Killer Whale Creamery, Lyte House, The Barista Botanist and Next Health, along with new anchor tenant Arhaus, are anticipated to open by late 2026. Construction is set to begin in early 2026. Serving as the gateway to the Green Valley Ranch master-planned community, The Cliff is anticipated to open in …

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Ziggurat_Miami_Coconut-Grove
DevelopmentFloridaMixed-useNews

Allen Morris Co. Obtains $138.5 Million Construction Loan for Coconut Grove Mixed-Use Project in Miami

by Abby Cox

Miami — Allen Morris Co. has obtained a $138.5 million construction loan for Ziggurat, a mixed-use development located in Miami’s Coconut Grove neighborhood. Faisal Ashraf of Lotus Capital Partners arranged the loan through BDT & MSD Partners and BHI, the U.S. bank of Israel-based Bank Hapoalim. Further details of the financing were not released. Designed by Oppenheim Architecture, Ziggurat will comprise two buildings featuring natural stone exteriors with gardens wrapping every level. The project will be situated on a 1.7-acre site at the intersection of Grand Avenue, Matilda Street and Florida …

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shoppes-at-wissinoming
Grocery-anchoredInvestment salesNewsPennsylvania

JLL Negotiates $30.8 Million Sale of Shoppes at Wissinoming in Philadelphia

by Abby Cox

Philadelphia — JLL Capital Markets has negotiated the $30.8 million sale of the Shoppes at Wissinoming, a 97,982-square-foot neighborhood shopping center located in Northeast Philadelphia. ShopRite anchors the property, which was 98 percent occupied at the time of sale. Additional tenants include Wawa, Popeyes, AT&T, Elite Dental and Wissinoming Laundromat. The 11.3-acre site was originally built in 2018. Jim Galbally, Patrick Higgins and JP Colussi of JLL’s sales and advisory team represented the seller, ARCTRUST, in the transaction. The buyer was an affiliate of Brown’s Real Estate.

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Sprouts Farmers Market
Grocery-anchoredNewsTennessee

GBT Realty to Develop Sprouts Farmers Market at Port Royal Marketplace in Metro Nashville

by Abby Cox

Spring Hill, Tenn. — GBT Realty has submitted plans to develop a Sprouts Farmers Market to anchor Port Royal Marketplace, a planned retail center in Spring Hill, approximately 35 miles south of Nashville. Following city approvals, GBT anticipates construction to commence in early 2026, with completion planned for early 2027. Situated on the southwest corner of Duplex and Port Royal roads, Port Royal Marketplace is expected to total 46,000 square feet and will feature a 23,000-square-foot Sprouts, 16,000 square feet of inline shops and a 6,800-square-foot shop building. In addition, …

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Petco
ColoradoFinanceNews

Integra Real Estate Arranges $5.4 Million in Financing for Interplaza West Retail Center in Metro Denver

by Abby Cox

Golden, Colo. — New York-based Integra Real Estate Capital has arranged a $5.4 million loan for the financing of Interplaza West, a 31,675-square-foot retail center located in Golden, approximately 12 miles west of Denver. Russell Kimyagarov of Integra secured the financing through a credit union lender. Petco anchors Interplaza West, which is 90 percent leased. Additional tenants include Adio Health Center and Great Clips.

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district-15fifteen
LeasingMixed-useNew JerseyNews

Developers Announce Seven New Leases at District 15Fifteen in Parsippany, New Jersey

by Abby Cox

Parsippany, N.J. — Stanbery Development Group, Claremont Development and PCCP LLC have signed seven new leases at District 15Fifteen, a mixed-use project under development in the Northern New Jersey community of Parsipanny. Newly confirmed retailers and restaurants include The Yard Gym, Discover Strength, Yoga Six, Jetset Pilates, O’Bagel, Pure Green and Home Town Creamery. The tenants will occupy a combined 12,849 square feet, with more than 65 percent of the retail space at District 15Fifteen now leased. Tenants are projected to open in the spring and summer of 2026. Ryan …

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