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Brentwood Place Shopping Center
Investment salesNewsTennessee

Regency Centers Acquires 320,000-Square-Foot Retail Center in Brentwood, Tennessee

by Abby Cox

Brentwood, Tenn. — Regency Centers has acquired Brentwood Place Shopping Center, a 318,952-square-foot retail center located in the Nashville suburb of Brentwood. According to the Nashville Business Journal, the center sold for $118.5 million. The property — which is 95 percent leased — comprises more than 100,000 square feet of retail space. Retailers such as Nordstrom Rack, Total Wine & More, T.J. Maxx/HomeGoods and Golf Galaxy anchor the center. Brentwood Place is adjacent to the site of the future 350,000-square-foot Vanderbilt Medical Campus. Jim Hamilton and Brad Buchanan of JLL …

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Forever 21
CaliforniaCompany newsNews

Forever 21 Files for Chapter 11 Bankruptcy, Will Close All U.S. Stores

by Abby Cox

Los Angeles — Forever 21 has filed for Chapter 11 bankruptcy and will begin the process of closing all its U.S. stores. According to Reuters, the U.S. store count is about 350. The Los Angeles-based apparel retailer filed over the weekend in the U.S. Bankruptcy Court for the District of Delaware. Forever 21 has entered into a plan support agreement with its lenders to begin the voluntary closure process while continuing to look for sales opportunities of existing U.S. properties. Forever 21 was founded in 1984 and had a footprint of …

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Pavilions at San Mateo
Grocery-anchoredInvestment salesNew MexicoNews

Faris Lee Investments Brokers $24.9 Million Sale of Retail Center in Albuquerque, New Mexico

by Abby Cox

Albuquerque, N.M. — Faris Lee Investments has brokered the $24.9 million sale of Pavilions at San Mateo, a 148,749-square-foot retail center in Albuquerque. Originally built in 1997, the center is 92 percent leased and anchored by Walmart Neighborhood Market. Additional tenants at the property include Old Navy, Shoe Dept., Dollar Tree, Einstein Bros. Bagels, Supercuts and Orangetheory Fitness. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee Investments represented the buyer, Las Vegas-based Rhino Investments Group, in the transaction.

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Jollibee
CaliforniaCompany newsDevelopmentLeasingNewsRestaurants

Jollibee Launches Franchising Program in the U.S.

by Abby Cox

West Covina, Calif. — Philippines-based fast food chain Jollibee has launched its first franchising program in the U.S. The quick-service restaurant chain is the flagship brand of Jollibee Foods Corp. (JFC), also known as the Jollibee Group. Jollibee opened its first North American location in 1998 in Daly City, California, and now currently operates 76 stores across 14 states in the U.S., with 28 additional stores in Canada. The current expansion goal is projected for 350 stores in the coming years, with franchise-owned stores making up the majority of its footprint. …

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Architecture and DesignDevelopmentFloridaInvestment salesMixed-useNews

Ardent Acquires 1.1 Million-Square-Foot Seminole Towne Center Mall in Florida, Plans Redevelopment

by Abby Cox

Sanford, Fla. — Atlanta-based The Ardent Co. (Ardent) has acquired Seminole Towne Center Mall, a 1.1 million-square-foot regional mall located in Sanford, with plans to develop the property into a mixed-use development. According to several local media outlets, Ardent purchased the center from Hollywood, Florida-based 4th Dimension Properties for roughly $17.5 million. While plans for the 76-acre property will include the addition of new retailers, multifamily housing and a hotel, the center’s four anchor tenants — Dillard’s, JCPenney, Dick’s Sporting Goods and Elev8 — will remain at the property. The …

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Wayfair
Company newsGeorgiaLeasingNews

Wayfair to Open 150,000-Square-Foot Store in Atlanta

by Abby Cox

Atlanta — Online retailer Wayfair will open a 150,000-square-foot store in Atlanta. Located within The District at Howell Mill, the Atlanta store will mark Wayfair’s second large-format location — as well as its second physical retail store overall — following its first in Wilmette, Illinois, which opened in May 2024. Fraser Gough and Benton Green of Retail Planning Corp. led lease negotiations in the transaction. JLL Income Property Trust, a division of LaSalle Investment Management, and Atlanta-based Selig Enterprises, own the property.

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CaliforniaCompany newsNews

Nintendo to Open 11,000-Square-Foot Store in San Francisco

by Abby Cox

San Francisco — Japanese electronics and video game company Nintendo will open its second store in the United States — and its fifth overall location in the world — in San Francisco in May. Situated in Union Square at 331 Powell Street, Nintendo San Francisco will total 11,000 square feet and offer game systems and games, as well as a shopping experience that will include Nintendo’s characters and worlds. Exclusive products such as accessories, apparel, home goods and souvenirs will be available at the location. The grand opening will be …

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FinanceMassachusettsNews

Madison International Realty Acquires 50 Percent Stake of Legacy Place in Dedham, Massachusetts

by Abby Cox

Dedham, Mass. — Madison International Realty has purchased a 50 percent ownership stake of Legacy Place, a 580,000-square-foot shopping center located in the Boston suburb of Dedham, from Nuveen Real Estate. As part of the recapitalization, Madison joins a partnership with WS Development, who has held a 50 percent ownership stake and managed the center since its opening in 2009. Chris Angelone, Zach Nitsche and Hugh Doherty of JLL’s Investment Sales and Advisory team represented Nuveen Real Estate in the transaction. The center — which is situated on 37 acres …

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Centre Point Plaza
Investment salesNewsNorth Carolina

Legacy Realty Group Arranges Sale of 159,259-Square-Foot Retail Center in Smithfield, North Carolina

by Abby Cox

Smithfield, N.C. — Legacy Realty Group Advisors has arranged the sale of Centre Pointe Plaza, a 159,259-square-foot retail center in Smithfield, approximately 30 miles southeast of Raleigh. An undisclosed buyer purchased the property for $11.6 million. Originally built in 1989, the shopping center is anchored by Belk. Additional tenants at the property include Bealls, Dollar Tree, Hibbett Sports, Subway and T-Mobile. Daniel Baruch of Legacy Realty Group represented the buyer. Steve Shields of CBRE represented the undisclosed seller in the transaction.

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Dave and Buster's
HawaiiLeasingNews

New Retail Tenants Open at Ala Moana Center in Honolulu

by Abby Cox

Honolulu — Ala Moana Center, a 2.4-million-square-foot shopping center located in Honolulu, has announced the expansion of 10 new tenants this year. A mix of restaurant and retail businesses — Amaterasu; Coconut Ave; Baskin Robbins; Eve Ala Moana; fanfancy+; Lovisa; NOHO HOME; Skinceuticals Skin Lab; and ZEGNA — have already opened at the property. Dave & Buster’s, the final tenant to join the roster, is scheduled to open in mid-April. Brookfield Properties of Chicago owns and operates the center. Ala Moana Center is anchored by Bloomingdale’s, Neiman Marcus, Nordstrom, Macy’s …

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