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Fossil Creek at Alta Mesa
Investment salesNewsTexas

Marcus & Millichap Brokers Sale of 11,228-Square-Foot Shopping Center in Fort Worth, Texas

by Abby Cox

Fort Worth, Texas — Marcus & Millichap has brokered the sale of Fossil Creek at Alta Mesa, an 11,228-square-foot shopping center located within the master-planned community of Tavola Park in Fort Worth. Built in 2023, the property sits on 1.4 acres and was fully leased at the time of sale. Tenants at the center include Meza Pizza, REVFIT, Creek Liquor Wine & Cigar, Resort Nail Bar and Stretch Zone. Chris Gainey and Philip Levy of Marcus & Millichap’s Dallas office represented the seller, a Dallas–Fort Worth-based developer, in the transaction. The 1031-exchange …

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Grocery-anchoredInvestment salesNewsWashington

Safeway to Anchor Washington’s Black Diamond Town Center

by Abby Cox

Black Diamond, Wash. — Pepper Pike, Ohio-based Visconsi Cos. has negotiated a 58,000-square-foot lease with Safeway at Black Diamond Town Center, a mixed-use development located within the master-planned community of Ten Trails. Situated roughly 30 miles southeast of Seattle, the new Safeway will serve as the property’s anchor tenant and will also feature a full-service deli counter, bakery and pharmacy. Construction of the new grocery store is scheduled to begin later this summer, with a grand opening anticipated for the fourth quarter of 2026.

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The Rush Funplex
ArizonaDevelopmentMixed-useNews

Diversified Partners to Open 75,000-Square-Foot Entertainment Anchor at Mixed-Use Development in Metro Phoenix

by Abby Cox

Phoenix — Scottsdale-based Diversified Partners has signed The Rush Funplex, a 75,000-square-foot indoor family entertainment center, to anchor its new 14-acre mixed-use development located in the Phoenix neighborhood of Laveen. Construction is expected to begin by early 2026, with a grand opening scheduled for December 2026. Developed by Diversified Partners and designed by RKAA Architects, the facility will feature go-karts, bowling, a rock-climbing wall with a foam pit, laser tag, mini-golf, arcade, bumper cars, kiddie cars, private party rooms and a café. Additional tenants that will join The Rush Funplex include …

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The Promenade Bolingbrook
EntertainmentIllinoisLeasingNewsRestaurantsRetailers

Brookline, Rhino Investments to Renovate 778,000-Square-Foot Shopping Center in Metro Chicago 

by Abby Cox

Bolingbrook, Ill. — Brookline Real Estate has partnered with Rhino Investments Group to renovate The Promenade Bolingbrook, a 778,000-square-foot shopping center located in the Chicago suburb of Bolingbrook. Brookline has been hired to oversee leasing and lead a new vision for the open-air lifestyle center with a refreshed mix of retail, service, restaurants and experiential offerings. The center is anchored by Macy’s and Bass Pro Shops, and includes a number of specialty retailers including H&M, Ulta Beauty, DSW, Barnes & Noble, Lane Bryant, Pandora and Victoria’s Secret.

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King_Soopers_Multi-Tenant
ColoradoDevelopmentGrocery-anchoredNews

Evergreen Devco Completes Construction of Multi-Tenant Retail Buildings at Silverstone Marketplace in Frederick, Colorado

by Abby Cox

Frederick, Colo. — Evergreen Devco has completed construction of site infrastructure and two multi-tenant retail buildings at Silverstone Marketplace, a 35-acre shopping center located in Frederick. A 123,000-square-foot King Soopers Marketplace, which features a French bakery, fuel station and drive-thru pharmacy, anchors the project. The small shop buildings, which comprise 20,000 square feet of retail space, are 93 percent leased to tenants including Wingstop, Club Pilates, Domino’s Pizza, Cold Stone Creamery, Great Clips, Blue Sky Nails & Lash, Five Guys, Pacific Dental and Chipotle. Chase Bank, Wendy’s and Valvoline will occupy pad …

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Gallatin Crossing
DevelopmentLeasingMontanaNews

Grossman Development Signs Eight New Tenants to Join Gallatin Valley Mall Redevelopment Project in Bozeman, Montana

by Abby Cox

Bozeman, Mont. — Grossman Development Group has signed eight new tenants to join Gallatin Valley Mall, a 315,000-square-foot regional shopping center undergoing redevelopment in Bozeman. New retailers at the $100 million multi-phase project, which will be called Gallatin Crossing, include Arhaus, lululemon, Pandora, Sephora, Anthropologie, Free People, Lovesac and Madewell. The mixed-use project’s 45,000-square-foot Medical Pavilion, which houses Intermountain Health, Ortho Montana and Gallatin Valley Surgery Center, opened in August 2024, while High Street, an outdoor retail experience, is set to open in summer 2025. Other tenants at the property …

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Westport Plaza and Square
CaliforniaInvestment salesNews

CBRE Arranges $25.7 Million Sale of Shopping Center in Costa Mesa, California

by Abby Cox

Costa Mesa, Calif. — CBRE has arranged the $25.7 million sale of Westport Plaza & Square, a 39,334-square-foot shopping center located in Costa Mesa. Built in 1975 and renovated in 2002 and 2018, the center is situated on 13.7 acres. Tenants at the property — which was 97 percent leased at the time of sale — include Plums Café & Catering, Fleur De Lys, Crumbl Cookies, Common Thread, House of Yogurt, Massimo’s Pizza and LaserAway. Westport Plaza & Square has roughly 54 years remaining on its long-term ground lease. Jimmy …

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Kroger property
Investment salesMississippiNews

CrownPoint Partners Facilitates $3.6 Million Sale of Retail Property in Laurel, Mississippi

by Abby Cox

Laurel, Miss. — CrownPoint Partners has facilitated the $3.6 million sale of a retail property located at 2340 Highway 15 North in Laurel. Kroger occupies the 44,046-square-foot building, which includes a Kroger-operated fuel station. Situated across from Pine Tree Village Shopping Center, Kroger has operated at this location since 1982. Julius Swolsky and Shannon Bona of CrownPoint Partners represented the buyer, a subsidiary of Essential Growth Properties, in the transaction. Marcus & Millichap represented the seller, San Francisco-based Pacific Bay Investments, Inc. Trinity Capital Corp. secured financing for the acquisition …

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Downtown Chesterfield
DevelopmentMissouriMixed-useNews

Staenberg Group Begins 4.5 Million-Square-Foot Redevelopment of Chesterfield Mall in Suburban St. Louis

by Abby Cox

Chesterfield, Mo. — The Staenberg Group is underway with the first phase of redevelopment for the former Chesterfield Mall located in the western St. Louis suburb of Chesterfield. The site of the former mall will be transformed into a 4.5 million-square-foot mixed-use project. Demolition of the mall, excluding the Dillard’s and Macy’s buildings, was completed in April 2025. Phase I of the redevelopment, which will be called Downtown Chesterfied, is expected to take up to 18 months. Upon completion of the development, Downtown Chesterfield will feature up to 2,363 residential …

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La Alameda Shopping Center
CaliforniaFinanceNews

PSRS Arranges $40 Million Refinancing of 245,000-Square-Foot Shopping Center in Los Angeles

by Abby Cox

Los Angeles — PSRS has arranged a $40 million loan for the refinance of La Alameda Shopping Center, a 245,000-square-foot shopping center located in the Los Angeles neighborhood of Walnut Park. The 18.3-acre center comprises six building clusters and features Spanish architecture, pedestrian-friendly courtyards, plaza spaces, outdoor seating and a fountain. Tenants at the property include Ross Dress For Less, CVS Pharmacy, Marshalls, Don Chente Bar & Grill, Wingstop, Dollar Tree, Chuck E. Cheese, Panda Express, GameStop, Cold Stone Creamery, Petco and Bath & Body Works. Kostas Kavayiotidis, Mike Davis and …

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