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GeorgiaInvestment salesNews

Franklin Street Brokers Sale of 116,766-Square-Foot Retail Center in Metro Atlanta

by Hayden Spiess

Douglasville, Ga. — Franklin Street Retail Investment Sales has brokered the sale of Market Square, a 116,766-square-foot retail center located in Douglasville, roughly 20 miles outside Atlanta. An entity doing business as SCC Market Square LLC sold the property to BC Waycross Spring Hill LLC. Tenants at the property, which was built in 1984 and renovated in 2019, include Aaron’s, YouFit, Pet Supermarket and Davita Dialysis. Bryan Belk and John Tennant of Franklin Street represented the seller in the transaction. 

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CanalSide-Food+Drink_Cambridge-Mass
DevelopmentMassachusettsNewsRestaurants

New England Development to Open 14-Eatery Food Hall in Metro Boston 

by Hayden Spiess

Cambridge, Mass. — New England Development has announced plans to open CanalSide Food + Drink, a new food hall in Cambridge, approximately one mile outside Boston. Situated within the developer’s CambridgeSide mixed-use development, the food hall is scheduled to open this fall. CanalSide will feature a bar — dubbed C-Side Bar — as well as 14 eateries. Announced concepts include anoush’ella, Caffé Nero, Chilacates, DalMoros Fresh Pasta To Go, Fresh, InChu, Lala’s Neapolitan-ish Pizza, Nu Burger, Sapporo Ramen and Teazzi Tea Shop. RODE designed the food hall, with Whiting Turning serving …

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LeasingNew YorkNews

Brooklyn Fare Kitchen & Market Opens 25,500-Square-Foot Store in Manhattan

by Hayden Spiess

New York City — Brooklyn Fare Kitchen & Market has opened a 25,500-square-foot store within One Manhattan Square, an 800-foot-high residential tower located in Manhattan in New York City. This marks the largest New York City store to date for the grocer, which offers prepared foods, fresh bread, sushi, a deli, produce, frozen foods and organic products. The store also features a coffee bar. Other Brooklyn Fare locations in the city include Brooklyn, The West Village and Lincoln Square. 

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Company newsFloridaIllinoisNewsTexas

Segovia Partners, Braden Real Estate to Merge

by Hayden Spiess

Chicago — Retail brokerage firms Segovia Partners and Braden Real Estate have announced plans to merge. Marc Offit heads Braden Real Estate, which features offices in Chicago and Florida. Jennifer Frank and Jack Breard lead Dallas-based Segovia Partners. Offit will remain managing broker for the Illinois and Florida brokerage teams, with Courtney Waldon appointed president of the Chicago office. Segovia plans to add a senior team member to run the West Coast of Florida office. Additionally, Tim Gearhart will join the Segovia Partners Chicago office as a principal, focusing on national …

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LeasingNewsPennsylvania

Rally House Signs 5,903-Square-Foot Lease at Promenade Saucon Valley in Pennsylvania

by Hayden Spiess

Center Valley, Pa. — Specialty sports retailer Rally House has signed a 5,903-square-foot lease at Promenade Saucon Valley, a shopping center located in Center Valley. Scheduled to open this summer, the store will be located between Barnes & Noble and J.Crew Factory. Other recently added tenants at the property include Five Guys Burgers & Fries, The Great Greek Mediterranean Grill, Club Champion, Fulton Bank, FD Market, Turning Point, Handmade Mystic and Lashses by Gab. 

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Monouth-Mall-Redevelopment-Eatontown-N.J
DevelopmentGrocery-anchoredMixed-useNew JerseyNews

Kushner Breaks Ground on $500 Million Redevelopment of Monmouth Mall in Eatontown, New Jersey

by Hayden Spiess

Eatontown, N.J. — Kushner has today broken ground on the $500 million mixed-use redevelopment of Monmouth Mall in Eatontown, roughly 50 miles outside New York City. Upon completion, the property will comprise 900,000 square feet of retail and restaurant space. Whole Foods Market will anchor the development, which will also feature a public green, pedestrian pathways, 1,000 residential units and medical office space. Construction will include the demolition of 600,000 square feet of retail space at the site. 

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Chick-fil-A
DevelopmentFloridaGeorgiaLeasingNewsRestaurants

Chick-fil-A to Open Four New Restaurants in Metro Miami

by Hayden Spiess

Atlanta — Atlanta-based fast-casual brand Chick-fil-A will open four new restaurants in metro Miami. Chick-fil-A has broken ground on the first of the units, which will comprise 4,800 square feet in Cutler Bay. Dustin Griffiths of Chick-fil-A and David Emihovich of Katz & Associates represented Chick-fil-A in the lease negotiations. Michael Berkowitz of Berkowitz Development Group and Douglas Landsea of Landsea Development are the landlords. Development is scheduled to begin on three additional restaurants — which will be located in Miami Shores, Pinecrest and Princeton — later this year. 

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walgreens
IllinoisInvestment salesNews

Marcus & Millichap Brokers $4.2 Million Sale of Walgreens-Occupied Property in Machesney Park, Illinois

by Hayden Spiess

Machesney Park, Ill. — Marcus & Millichap has brokered the $4.2 million sale of a single-tenant retail property located in Machesney Park. Walgreens occupies the building. Constructed in 2008, the property totals 14,490 square feet. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller, a limited liability company. Steven Weinstock of Marcus & Millichap assisted in closing the transaction. A local 1031-exchange buyer acquired the property. 

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J.Crew-Factory_Watertown-Mass
LeasingMassachusettsNews

Seven New Tenants Sign Leases at Arsenal Yards in Metro Boston 

by Hayden Spiess

Watertown, Mass. — Seven new tenants have signed leases at Arsenal Yards, a mixed-use development in Watertown, roughly 10 miles outside Boston. J.Crew Factory and Jersey Mike’s Subs are now open at the property. Additionally, Butterbird, Splash and Dash, Marvelous Cuts, Medium Rare and Squeeze Massage are scheduled to open later this year. Arsenal Yards, which is developed by Boylston Properties and Wilder Cos., totals more than 1 million square feet and features life sciences, residential and hospitality uses, in addition to retail and restaurant space. 

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Nordstrom-Rack
ArizonaLeasingNews

Nordstrom Rack to Open 28,025-Square-Foot Store at Queen Creek Marketplace in Metro Phoenix

by Hayden Spiess

Queen Creek, Ariz. — Nordstrom Rack will open a 28,025-square-foot store at Queen Creek Marketplace, a retail center located in Queen Creek, approximately 40 miles southeast of Phoenix. Other tenants at the property, which totals 900,000 square feet, include Target, Kohls, Harkins Theatres, Trader Joe’s, Sephora, Handel’s Ice Cream, Reformed Pilates, Nothing Bundt Cakes and Little Flippers Swim School. Vestar is the developer, landlord and manager of Queen Creek Martketplace. 

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