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 original …
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.
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 …
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 …
Legacy Realty Group Arranges Sale of 159,259-Square-Foot Retail Center in Smithfield, North Carolina
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.
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 …
Monrovia, Calif. — Newport Beach, California-based Westar Associates has sold Foothill Park Plaza, a 96,390-square-foot shopping center located in Monrovia, approximately 15 miles northeast of Los Angeles. The center — which was developed in 1985 — is anchored by Vons Supermarket. Other tenants at the property include Chase Bank, Wendy’s, Blaze Pizza, Baskin-Robbins and See’s Candles. Pete Bethea, Rob Ippolito and Glen Rudy of Newmark represented Westar Associates in the transaction. Phillips Edison & Company was the buyer. Westar Associated has owned, leased and managed Foothill Park Plaza for the last …
Longwood, Fla. — Winter Park, Florida-based CrossMarc Services has negotiated five new leases at Springs Plaza, a 64,753-square-foot shopping center located approximately 15 miles north of Orlando. Among the new tenants are Foxtail Coffee; Children’s Art Classes; Level Up Pilates; 5th Nail Lounge; and Turning Point Dance Studio. Flavia Kanyago of CrossMarc represented the landlord, Baltimore-based MCB Real Estate, in the lease negotiations. Other tenants at the center — which is now 95 percent leased — include Tijuana Flats, First Watch, Jersey Mike’s, Hurricane Grill & Wings, Woof Gang Bakery …
New York City — Immersive arts and entertainment company Meow Wolf will open a 75,000-square-foot entertainment venue in Lower Manhattan. The space will span multiple stories within Pier 17, an entertainment destination in the Seaport District. Construction is scheduled to begin in the third quarter of 2025, with an expected completion date to be announced later. Founded in 2008 in Santa Fe, New Mexico, Meow Wolf has expanded to Las Vegas, Denver, Dallas and Houston, with additional locations in Los Angeles and now, New York City. Mary Ann Tighe, Gerry Miovski, …
Fitchburg, Wis. — Mid-America Real Estate Corp. has brokered the sale of Hatchery Hill Towne Center, an 85,880-square-foot retail property located in the Madison suburb of Fitchburg. The center — which was fully leased at the time of sale — is shadow-anchored by Pick ‘n Save. Additional tenants at the property include Panera Bread, Verizon Wireless, Cold Stone Creamery, MOD Pizza, Great Dane Pub & Brewing Co., Anytime Fitness, Kim’s Nails and Tabby & Jack’s Pet Supplies. Rick Drogosz and Dan Rosenfeld of Mid-America Real Estate Corp. represented the seller, …