Charlotte, N.C. — Two retail tenants have signed leases at Oakhurst Commons, a 135,000-square-foot mixed-use development in Charlotte. New fitness concept The Health Club will occupy 15,000 square feet. Ilios Crafted Greek will also open a 2,400-square-foot restaurant. MDH Partners and Parkway Partners are the landlords of the property, which is currently 50 percent leased. Charles Thrift and Thompson Brock of Thrift Commercial Real Estate Services manage retail leasing at the development.
Menomonee Falls, Wis. — Kohl’s (NYSE: KSS) has announced plans to roll out 200 Babies“R”Us shops this fall at existing Kohl’s locations. The first Babies R Us shop will debut at an undisclosed Kohl’s store in August. Additionally, the company plans to open 140 more Sephora shops in Kohl’s stores this summer. The Menomonee-based retail giant is partnering with WHP Global, the owner of the Babies“R”Us brand, in the rollout. WHP Global purchased the Babies“R”Us and Toys“R”Us brands in 2021, four years after the brands’ parent company filed for Chapter 11 …
Malibu, Calif. — Pacific Equity Partners has received $135 million in financing for Cross Creek Ranch, a 122,324-square-foot mixed-used property in Malibu. The property features 71,605 square feet of retail space and 50,719 square feet of creative office space. Cross Creek Ranch is adjacent to a Whole Foods Market in the core of Malibu’s shopping district, which also includes Malibu Country Mart, Malibu Village and Malibu Lumber Yard. John Marshall, Spencer Seibring, Allie Black and Tim Donald of JLL Capital Markets secured the five-year loan through Torchlight Investors on behalf of …
Pompano Beach, Fla. — Marcus & Millichap has arranged the $30 million sale of Shoppers Haven, a 205,567-square-foot shopping center in Pompano Beach. Built in 1964 and renovated in 1999, 2013 and 2023, the property will see the addition of a new Publix supermarket, with construction scheduled to begin over the next 30 days. The buyer, Stiles Corp., also plans to implement improvements to storefronts, façades, landscaping, the parking lot and signage. Tenants at the center include Michaels, Bealls, Walgreens, Party City, YouFit, Outback Steakhouse, Comcast, H&R Block, Domino’s Pizza and …
South Fayette Township, Pa. — Bass Pro Shops will open a 100,000-square-foot Outdoor World store in South Fayette Township, roughly 15 miles outside Pittsburgh. Upon completion, the store will comprise two levels and feature a gift and nature center, in addition to outdoor gear and apparel. The store, which is scheduled to open in early 2026, will mark the third in the state for the company.
Phoenix — JLL Capital Markets has secured a $5.3 million loan for the refinancing of Camelback East Shops, a 25,129-square-foot retail center located in Phoenix. Tenants at the property include Tarbell’s, First Watch and Van’s Golf Shops. Will Haass and Eric Tupler of JLL arranged the fixed-rate financing on behalf of the borrower, MDC Realty Advisors, through a life insurance company.
Orland Park, Ill. — Mid-America Real Estate has arranged the sale of Orland Park Place, a 649,668-square-foot retail center located in the Chicago suburb of Orland Park. Tenants at the property include Nordstrom Rack, Dick’s Sporting Goods, Marshalls, Ross Dress for Less, Hobby Lobby, Old Navy, Barnes & Noble, DSW, Ashley Furniture and Steinhafels. The center was 87 percent occupied at the time of sale. PMAT acquired the property for an undisclosed price. Ben Wineman, Rick Drogosz and Joe Girardi of Mid-America represented the seller, IRC Retail Centers/DRA Advisors, in the …
Aurora, Colo. — Pinnacle Real Estate Advisors has negotiated the sale of Plaza West at Aurora Town Center, a 94,949-square-foot retail center situated on 7.8 acres in the Denver suburb of Aurora. A Colorado-based investment group acquired the property for $8 million. Dollar Tree and Harbor Freight Tools anchor the center, which was built in 1985 and was 65 percent occupied at the time of sale. The property also includes a freestanding drive-thru building built in 2021 and occupied by Starbucks Coffee. Justin Krieger of Pinnacle Real Estate Advisors arranged the …
Los Angeles — PSRS has arranged a $13.2 million loan for the refinancing of Wilmington Plaza, a 64,222-square-foot retail center in the Wilmington neighborhood of Los Angeles. Mike Thorp and Ari Zeen of PSRS secured the nonrecourse financing, which features a five-year term, 30-year amortization and cash-out proceeds, through a life insurance company. Tenants at the property include Northgate Gonzalez Market, CVS/pharmacy and Chase Bank.
San Bernardino, Calif. — Hanley Investment Group Real Estate Advisors has arranged the $7.7 million sale of a single-tenant retail property located in San Bernardino. 7-Eleven occupies the property, which was built in 2023 and totals 4,088 square feet. Bill Asher and Jeff Lefko of Hanley represented the developer and seller, Chase Partners Ltd., in the transaction. Jeff Leggio of ASU Commercial represented the buyer, a California-based private investor.