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Summit Fritz Farm
Investment salesKentuckyMixed-useNewsRestaurantsRetailers

Hendricks Commercial Properties Acquires Summit at Fritz Farm Mixed-Use Development in Lexington, Kentucky

by Abby Cox

Lexington, Ky. — Hendricks Commercial Properties, a Wisconsin-based development and investment firm, has acquired The Summit at Fritz Farm, a mixed-use development in Lexington that opened in 2017. The project features a collection of more than 60 shops and restaurants that sit below modern offices and The Henry apartments. Some components of the project that were not included in the sale include the Origin Lexington hotel and a 192-unit seniors housing community, Legacy Reserve at Fritz Farm. Hendricks did not disclose the sales price or specific aspects of the acquisition beyond …

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Kentucky Smalls Sliders
Company newsKentuckyNewsRestaurants

Smalls Sliders Signs Four-Unit Franchise Agreement in Kentucky

by Abby Cox

Lexington, Ky. — Cheeseburger slider concept Smalls Sliders has signed a franchise agreement to open four new units in Kentucky — dubbed Cans — marking its introduction to the state. Local entrepreneur Bradley Scott and his team will own and operate the restaurants. Founded in 2019, Atlanta-based Smalls Sliders currently has 350 Cans open or under development and is active across 30 states. The first of the four restaurants is scheduled to open in early 2026, according to a company representative.

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FinanceFloridaGeorgiaGrocery-anchoredKentuckyNewsTennessee

CBRE Arranges $171.4 Million Refinancing for Shopping Center Portfolio in the Southeast

by Hayden Spiess

Atlanta — CBRE has arranged a $171.4 million loan for the refinancing of an eight-property portfolio of grocery-anchored shopping centers in the Southeast. Comprising roughly 1.2 million square feet, the portfolio was 96.6 percent leased at the time of financing to 194 tenants including Kroger, Publix and Whole Foods Market. PGIM provided the financing to the borrowers, Branch Properties and Corebridge Real Estate Investors (formerly AIG Global Real Estate). Richard Henry, Mike Ryan, Brian Linnihan and Taylor Crowder of CBRE arranged the loan, which was used to refinance the existing mortgages …

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Fresh Encounter
Company newsIndianaInvestment salesKentuckyMichiganNewsOhio

SpartanNash Acquires 49-Store Fresh Encounter Supermarket Chain

by Hayden Spiess

Grand Rapids, Mich. — Michigan-based food solutions company SpartanNash has acquired Fresh Encounter Inc. (FEI), a 49-store supermarket chain with locations in Ohio, Indiana and Kentucky. This move expands SpartanNash’s retail footprint by 33 percent and marks the company’s second retail acquisition this year, following its purchase of Metcalfe’s Market in April. FEI stores operate under the banners Community Markets, Remke Markets, Chief Markets and Needler’s Fresh Market and have been a food distribution customer of SpartanNash for 58 years. The transaction is expected to close in late November, subject to …

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ArizonaCaliforniaFloridaGeorgiaInvestment salesKentuckyLouisianaNevadaNewsNorth CarolinaPennsylvaniaRestaurantsSouth CarolinaTennessee

FCPT Purchases 20 Bloomin’ Brands Restaurant Properties for $66.4 Million 

by Hayden Spiess

Mill Valley, Calif. — Four Corners Property Trust (FCPT) has purchased 20 restaurant properties occupied by Bloomin’ Brands concepts for $66.4 million dollars. Located in Arizona, Florida, Georgia, Kentucky, Louisiana, North Carolina, Nevada, Pennsylvania, South Carolina and Tennessee, the portfolio includes 10 Outback Steakhouse restaurants and 10 Carrabba’s Italian Grill restaurants, with one dual-tenant property occupied by both concepts. The properties are leased to corporate Bloomin’ Brands entities on two master leases. This transaction makes Bloomin’ Brands the third largest tenant for FCPT, accounting for 3.3 percent of cash rent for …

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Newton-Springs-Development-Site_Lexington-Ky
DevelopmentGrocery-anchoredKentuckyMixed-useNews

RD Property Group to Develop 122,000-Square-Foot Kroger Marketplace at Newton Springs in Lexington, Kentucky

by Hayden Spiess

Lexington, Ky. — RD Property Group is underway on the development of a 34-acre mixed-use development located in Lexington. The City of Lexington recently certified plans for the construction of a 122,000-square-foot Kroger Marketplace at the project, dubbed Newton Springs. Plans for the store include a drive-thru pharmacy, adjoining wine and spirits shop and 476 parking spaces. Other tenants at the property — which features two four-story buildings, a restaurant space and three additional buildings — include Estepp’s Shell, Jimmy Johns, Hot Head Burritos, The UPS Store, Tire Discounters and Starbucks Coffee.

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DevelopmentKentuckyNews

Staghorn to Open $250 Million Bourbon Distillery, Visitor Center Near Lexington, Kentucky

by Hayden Spiess

Lancaster, Ky. — Spirits company Staghorn is underway on the development of its first distillery, which will be situated on a 210-acre site in Lancaster, roughly 40 miles south of Lexington.  Dubbed Garrard County Distilling Co., the $250 million project will feature a 50,000-square-foot distillery, as well as two rickhouses and a visitor center with a tasting room and restaurant, with plans for up to 24 aging warehouses by 2030. The distillery is expected to create more than 60 permanent jobs and produce up to 150,000 barrels of bourbon each year. 

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Hamburg-East_Lexington-Ky
DevelopmentKentuckyMixed-useNews

Cowgill to Develop 44-Acre Hamburg East Mixed-Use Development in Lexington, Kentucky 

by Hayden Spiess

Lexington, Ky. — Cowgill Inc. has announced plans to develop a new, 44-acre mixed-use project in Lexington. Dubbed Hamburg East, the property will feature restaurant, hotel, apartment, retail and green space. Hamburg East will also include a 41-acre parcel that was acquired by the University of Kentucky in September and designated as the site of a new medical facility. Construction on the development is scheduled to begin immediately. The project team includes ATS Construction, Davis H. Elliott Co., Design Works and Vision Engineering. Cowgill, a locally based family company, currently owns …

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RD1-Distillery_Commons_Lexington
DevelopmentKentuckyMixed-useNews

RD1 Spirts to Open 10,215-Square-Foot Distillery at The Commons in Lexington, Kentucky

by Hayden Spiess

Lexington, Ky. — RD1 Spirts has signed on to join as an anchor tenant at The Commons, a 40-acre mixed-use development in downtown Lexington. The locally based bourbon brand plans to invest $4.8 million to develop the two-story distillery spanning 10,215 square feet and including an entrance off Main Street. The venue will include outdoor seating on both levels, four private tasting rooms, a glass-enclosed research-and-development space for wood finishing for RD1’s bourbon barrels, VIP speakeasy tasting room, craft cocktail bar and a gift shop. RD1 plans to open the distillery …

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