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Family Dollar
Company newsNew YorkNewsOperationsVirginia

Dollar Tree to Sell Family Dollar Business for $1 Billion

by Abby Cox

Chesapeake, Va. and New York City — Dollar Tree Inc. has agreed to sell the Family Dollar business segment to Brigade Capital Management LP and Macellum Capital Management LLC for $1 billion. The sales price represents a fraction of the $8.5 billion that Dollar Tree paid for the discount brand in 2015. Family Dollar will remain headquartered in Chesapeake. Family Dollar, which caters to low-income customers with its roughly 8,000 U.S. stores, has struggled in recent years. In March 2024, Dollar Tree unveiled plans to close approximately 970 underperforming Family Dollar …

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Company newsFinanceGeorgiaInvestment salesNews

RCG Ventures Acquires First Phase of $1.8 Billion Retail Portfolio

by Abby Cox

Atlanta — RCG Ventures (RCG) has acquired the first phase of a $1.8 billion multi-tenant retail portfolio from Global Net Lease, Inc (GNL). The first phase, which comprises 59 properties, was purchased for $1.1 billion. Truist Bank and Key Bank provided a new loan facility for the transaction, while Ares Management Alternative Credit, Koch Real Estate Investments and Goldman Sachs Alternatives provided equity investments. RCG expects to complete the sale of the remaining 41 properties in two additional phases by the end of the second quarter of 2025. McGuireWoods LLP …

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CaliforniaInvestment salesNews

JLL Arranges $12.4 Million Sale of Retail Property in Los Angeles

by Abby Cox

Los Angeles — JLL Capital Markets has arranged the $12.4 million sale of the Silver Lake Collection, a retail property located in the Silver Lake neighborhood of Los Angeles. Originally built in 1934 and renovated in 2023, the property comprises five street-front stores totaling 10,876 square feet. The property is fully leased to a mix of food-and-beverage concepts including Counter Culture Coffee, El Condor and Yi Cha. Tim Kuruzar of JLL Capital Markets represented the seller, Strategic Realty Trust, in the transaction, while Matthew Fainchstein of JLL represented the undisclosed …

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South Plaza Shoppes
FinanceNewsTennessee

BEB Lending Provides $10.3 Million Refinancing for Shopping Center in Nashville, Tennessee

by Abby Cox

Nashville, Tenn. — BEB Lending has provided a $10.3 million loan to refinance South Plaza Shoppes, a 163,777-square-foot shopping center located in Nashville. The undisclosed borrower will use the loan to pay off existing debt. Proceeds will also be used for leasing costs and planned capital expenditures at the property. Sean Silverbrook and Zach Feldman of BEB represented the firm. This transaction represents BEB Lending’s first loan in Nashville and second loan in the state of Tennessee.

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Columbus Ohio Retail Portfolio
CaliforniaFinanceGrocery-anchoredNews

Marcus & Millichap Arranges $19 Million Refinancing for Retail Center in Rancho Cucamonga, California

by Abby Cox

Rancho Cucamonga, Calif. — Marcus & Millichap has arranged a $19 million loan through its affiliate, BA Debt Fund LLC, to refinance a shopping center located in Rancho Cucamonga. Bolour Associates provided the loan. The 106,000-square-foot property — which was 99 percent leased at the time of financing — is anchored by a Smart & Final grocery store. Preston Davey of Marcus & Millichap arranged the loan on behalf of the borrower.

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Phenix Salon Suites
Company newsFloridaNews

Phenix Salon Suites Opens Two Locations in Florida

by Abby Cox

Orlando and Tampa, Fla. — Phenix Salon Suites has opened two new facilities in Florida. The first facility, located within Orlando Square Shopping Center in Orlando, is owned and operated by Alex Bello and Miguel Guerra. The second facility, which marks Phenix’s first location in the metro Tampa area, is located within Carrollwood Center in Tampa and is owned and operated by Cynthia Foreman and Christopher Foreman. Phenix Salon Suites currently has more than 21 open locations in the Orlando and West Florida regions.

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Easton Gateway
LeasingNewsOhio

Five New Tenants Join Easton Gateway in Columbus, Ohio

by Abby Cox

Columbus, Ohio — Five new tenants have signed leases at Easton Gateway, a 650,000-square-foot retail property located in Columbus. Sí Señor, SITKA Gear and SuitShop have already opened at the property, and Carhartt and Bareburger are also scheduled to join the lineup. Other tenants at the center include Whole Foods Market, Costco, Dick’s Sporting Goods, J. Alexander’s Restaurant, Fusion, Chuy’s and The Container Store. Developed in 2014, Easton Gateway is situated within the 1,300-acre Easton Town Center mixed-use development.

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Exton Square
Investment salesNewsPennsylvania

JLL Brokers $34.3 Million Sale of Shopping Center in Exton, Pennsylvania

by Abby Cox

Exton, Pa. — JLL Capital Markets has brokered the $34.3 million sale of Exton Square, a 990,000-square-foot super-regional shopping center located in the Philadelphia suburb of Exton. Abrams Realty & Development acquired the property from PREIT. Originally built in 1973, the 75-acre center was renovated in 2000. The property — which is shadow anchored by Whole Foods Market — features tenants including Boscov’s, Macy’s, Main Line Health and Round1 Entertainment. Jim Galbally, David Monahan, Patrick Higgins and Fran Coyne of JLL represented the seller in the transaction.

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James Livingston Centre
Investment salesNewsOhio

American Commercial Realty Obtains 215,000-Square-Foot Retail Portfolio in Columbus, Ohio

by Abby Cox

Columbus, Ohio — American Commercial Realty (ACR) has obtained a retail portfolio totaling approximately 215,000 square feet across seven shopping centers in Columbus. The properties include Village Centre, Beechcroft Centre, James Livingston Centre, Main Hamilton Centre, 5156 E. Main St. Centre, Wyandotte Centre and McNaughten Center. Alex Marsh of The Robert Weiler Co. will manage leasing at the properties on behalf of the new ownership.

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