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DevelopmentGeorgiaMixed-useNews

City of Atlanta Unveils Plans for Mall West End Redevelopment

by Hayden Spiess

Atlanta — The City of Atlanta, through Atlanta Urban Development (AUD), has unveiled plans for a 1.7 million-square-foot mixed-use redevelopment of the Mall West End. BRP Cos. is the developer. Key elements of the Mall West End redevelopment plan include: approximately 120,000 square feet of retail space, including a grocery store, fitness center, food and beverage, and local boutiques; 893 mixed-income rental units; 152 beds of student housing; a 150-key hotel; 12,000 square feet of medical office space; and community amenities. The project site is located steps from four Historically Black …

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Company newsIllinoisInvestment salesNews

Hilco Acquires Hanes’ Brick and Mortar Store Operations

by Hayden Spiess

Northbrook, Ill. — Hilco Consumer-Retail (HCR) has completed the acquisition of operations for Hanes Outlet and Maidenform stores. HCR plans to leverage its RevUp program, which implements virtual store management with retail experts, at the stores. “We are thrilled that Hanes selected us to continue their retail brick and mortar operations, and we are excited to hit the ground running with the dedicated store teams,” says Ian Fredericks, president and chief executive officer of HCR. 

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Honey-Baked-Ham
Company newsConnecticutGeorgiaMassachusettsNewsRhode Island

Honey Baked Ham Co. Signs Four-Unit Franchise Deal in Massachusetts, Rhode Island

by Hayden Spiess

Alpharetta, Ga. — Metro Atlanta-based Honey Baked Ham Co. has signed a four-unit franchise deal in the Northeast. Locations will include Worcester, Massachusetts, as well as elsewhere in the state and an additional location in Rhode Island. Tom McGwire, great-grandson of the brand’s founder, will own and operate the units, along with his father Tad McGwire and brothers Charlie and Brett McGwire. This will bring Tom McGwire’s Honey Baked Ham portfolio to eight stores, following a previous deal to develop four stores across Connecticut, Rhode Island and Massachusetts. 

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River Street Marketplace
CaliforniaDevelopmentLeasingNews

Ten New Tenants Sign Leases at River Street Marketplace in Southern California

by Hayden Spiess

San Juan Capistrano, Calif. — Ten new tenants have signed leases at River Street Marketplace, a 60,000-square-foot retail center currently underway in San Juan Capistrano. Rowan, Tecovas, Hobie, May Martin, Studio Pilates, Parana Empanadas, Pastalia, The Sushi Stand, Kebab Craft and Capas have joined the lineup, bringing the total number of tenants to 30. ALMQUIST is the developer and landlord of the property, which is scheduled to open in September. 

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Burger-King_Homestead-Fla
FloridaInvestment salesNews

Limestone Acquires 3,005-Square-Foot Single-Tenant Property in Homestead, Florida

by Hayden Spiess

Homestead, Fla. — Limestone Asset Management has acquired a single-tenant property located in Homestead. Burger King occupies the building, which was built in 2008 and totals 3,005 square feet. Kevin Sanz of Orion Real Estate Group represented Limestone in the transaction. Alex Sharrin of JLL Capital Markets represented the seller. 

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Retail-Portfolio_Fla-Texas-Ill
FloridaIllinoisInvestment salesNewsTexas

Orion Acquires $50 Million Retail Portfolio Located in Florida, Texas, Illinois

by Hayden Spiess

Miami — Miami-based Orion Real Estate Group has acquired a retail portfolio located in Florida, Texas and Illinois for $50 million. An undisclosed family office sold the portfolio, which totals 94,000 square feet across 12 properties. Tenants at the properties — which include 11 single-tenant properties and two two-tenant properties — include banks, a fitness center, pharmacy, urgent care facility and quick-service restaurant. Alex Sharrin, Jeff Cicurel, Eric Osika and Noel O’Donnell of JLL Capital Markets represented the seller in the transaction. 

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Experiential Brands SocialBites
GeorgiaNewsRestaurants

Experiential Brands Launches SocialBites Food Hub in Metro Atlanta

by Hayden Spiess

Sandy Springs, Ga. — Experiential Brands, a company that owns a portfolio of fast-casual restaurant brands, has launched SocialBites Food Hub in Sandy Springs, a suburb of Atlanta. Now open, the venue features multiple food-and-beverage concepts, as well as indoor and outdoor gathering spaces, interactive décor, entertainment programming, a full bar and private event space. Restaurant concepts at the property include The Original Hot Chicken, INKED Tacos, Flametown Burgers and Pinsa Roman Pizza. A second SocialBites is scheduled to open in Woodstock, roughly 30 miles outside Atlanta, later this year. 

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North Park Retail
CaliforniaInvestment salesNews

Marcus & Millichap Brokers Sale of 3,200-Square-Foot North Park Retail Property in San Diego

by Hayden Spiess

San Diego — Marcus & Millichap has brokered the sale of North Park Retail, a single-tenant restaurant property at 2884 University Ave. in San Diego’s North Park neighborhood. Carlos Partners LLC sold the property to an entity doing business as 1295 University Family LP for $1.9 million. Built in 1948, North Park Retail features 3,200 square feet of space. The single-tenant property was renovated in 2014 for tenant Saiko Sake and Sushi Bar’s build out. Saiko Sushi plans to close when its lease expires in October, leaving the property available for …

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Daiso
Company newsFloridaLeasingNews

Daiso to Open First Store in Florida

by Hayden Spiess

Tampa, Fla. — Japanese variety retailer Daiso has announced plans to open its first Florida Store in Tampa. Scheduled to open in the first quarter of 2025, the store will be situated within Northdale Promenade.  David Eggnatz of Katz & Associates represented Daiso, in the leasing negotiations. Brian Hector represented the landlord, Kite Realty, on an internal basis. Daiso is currently seeking additional sites throughout Florida ranging in size from 7,000 to 12,000 square feet.

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LA-Fitness_Doral-Fla
FloridaInvestment salesNews

Limestone Acquires Single-Tenant Property in Doral, Florida for $13.6 Million

by Hayden Spiess

Doral, Fla. — Limestone Asset Management has acquired a single-tenant property located in Doral for $13.6 million. LA Fitness occupies the building, which was built in 2001 and totals 37,500 square feet. Kevin Sanz of Orion Real Estate Group represented the buyer in the transaction. Alex Sharrin of JLL Capital Markets represented the undisclosed seller. 

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