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Peachtree-Crossing_Peachtree-City-Ga
GeorgiaGrocery-anchoredInvestment salesNews

Nuveen Acquires 80,7480-Square-Foot Shopping Center in Metro Atlanta

by Hayden Spiess

Peachtree City, Ga. — Nuveen Real Estate has acquired Peachtree Crossing, an 80,748-square-foot shopping center located in Peachtree City, roughly 30 miles outside Atlanta. Harbour Real Estate Partners sold the property for an undisclosed price. Built in 1978 and renovated in 2011, the Fresh Market-anchored center was fully leased at the time of sale. Tenants at the property include Peachtree City Eye Center, Bintelli Golf Carts, Heirloom Market, Mina’s Hallmark, Hollywood Feed, Campanile’s Home Inside & Out, Georgia Shrimp Co. and W. Daly Salon. Brad Buchanan, Jim Hamilton and Andrew Michols …

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Dave's-Hot-Chicken
LeasingNewsPennsylvaniaRestaurants

Dave’s Hot Chicken to Open Three Restaurants in Metro Philadelphia

by Hayden Spiess

Philadelphia — Dave’s Hot Chicken will open three restaurants at Federal Realty Investment Trust properties throughout metro Philadelphia. Scheduled to open this month, the first store will occupy 2,995 square feet at Northeast Shopping Center in Philadelphia. Dave’s will also open restaurants at Ellisburg Shopping Center and Willow Grove Shopping Center in the spring and fall of this year, leasing 3,086 and 2,825 square feet at the properties, respectively. Ellisburg Shopping Center is located in Cherry Hill, New Jersey, and Willow Grove Shopping Center is located in Willow Grove, Pennsylvania. 

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LeasingNewsPennsylvania

J.Crew Factory Signs 5,094-Square-Foot Lease at Shopping Center in Center Valley, Pennsylvania

by Hayden Spiess

Center Valley, Penn. — J.Crew Factory has signed a 5,094-square-foot lease at The Promenade Shops at Saucon Valley, an open-air shopping center located in Center Valley. Scheduled to open this spring, the store will be situated between Francesca’s and Barnes & Noble. Other tenants at the property include Club Champion, Handmade Mystic, FD Market and Turning Point. 

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Burger-King
Company newsDevelopmentInvestment salesNew YorkNewsRestaurants

Burger King Owner to Buy Largest Franchisee for $1 Billion

by Hayden Spiess

Toronto and Syracuse, N.Y. — Toronto-based Restaurant Brands International Inc. (RBI) has agreed to acquire Syracuse-based Carrols Restaurant Group Inc. for $1 billion. RBI (NYSE: QSR) owns the Burger King, Popeyes, Firehouse Subs and Tim Hortons brands. Carrols (NASDAQ: TAST) is the largest Burger King franchisee in the United States, operating 1,022 locations in 23 states. Burger King says the transaction is part of its “Reclaim the Flame” plan to accelerate sales growth and drive franchisee profitability. The transaction follows the brand’s initial $400 million investment announced in September 2022 to …

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Glengary-Shoppes-Sarasota
FloridaInvestment salesNews

Colliers Arranges $30.5 Million Sale of Shopping Center in Sarasota, Florida

by Hayden Spiess

Sarasota, Fla. — Colliers has arranged the $30.5 million sale of Glengary Shoppes, a 95,489-square-foot shopping center located along South Tamiami Trail in Sarasota. Benderson Development purchased the property from Jacksonville-based REIT Regency Centers. Brad Peterson and Whitaker Leonhardt of Colliers represented the seller in the transaction. Built in 1995, Glengary Shoppes was 97 percent leased at the time of sale to tenants including Best Buy and Barnes & Noble. Regions Bank and IHOP occupy outparcels at the shopping center.

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Marketplace-at-Milan_Milan-Tenn
Investment salesNewsTennessee

Marcus & Millichap Brokers $4.7 Million Sale of Marketplace at Milan in Tennessee

by Hayden Spiess

Milan, Tenn. — Marcus & Millichap has brokered the $4.7 million sale of Marketplace at Milan, a 39,726-square-foot retail center located in Milan in western Tennessee. The property was 96 percent leased at the time of sale. Austin Sweet, Alex Perez and Chris Garavaglia of Marcus & Millichap represented the seller, an undisclosed partnership. The team also secured and represented the buyer, a private investor. Jody McKibben assisted in closing the sale as the Tennessee broker of record. 

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LeasingNewsPennsylvania

Fresh Market to Open 32,131-Square-Foot Store in Pittsburgh

by Hayden Spiess

Pittsburgh — The Fresh Market will open a 32,131-square-foot store in Pittsburgh’s East Liberty neighborhood. The building was originally constructed in 2002 for Whole Foods Market, which vacated the space in 2022 for a larger store on nearby Penn Avenue. Herky Pollock of CBRE represented the undisclosed landlord in the lease negotiations. Brian Kerr of Hanna Langholz Wilson Ellis represented the tenant. The store will be Fresh Market’s first in Pittsburgh.

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CaliforniaLeasingNewsRestaurants

NOVO Brazil Opens 11,500-Square-Foot Restaurant at Mission Valley in San Diego

by Hayden Spiess

San Diego — NOVO Brazil Brewing Co. has opened an 11,500-square-foot restaurant and sports bar within Mission Valley, a 1.1 million-square-foot open-air shopping center located in San Diego. Situated within a space formerly occupied by Tilted Kilt, the concept features an 8,000-square-foot dining room, 3,500-square-foot outdoor patio, a 40-seat bar and extensive LED video walls for viewing sporting events. Other tenants at Mission Valley include Target, Nordstrom Rack, Macy’s Home, Michael’s, Bloomingdale’s Outlet, 24-Hour Fitness, Yard House, Outback, Buffalo Wild Wings and AMC. 

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Emerald-Island-Rainbow-Club-Casino-Henderson-NV
EntertainmentInvestment salesNevadaNews

LOGIC Commercial Real Estate Brokers Sale of Emerald Island, Rainbow Club Casino in Henderson, Nevada

by Hayden Spiess

Henderson, Nev. — LOGIC Commercial Real Estate has arranged the sale of Emerald Island and Rainbow Club Casino in downtown Henderson. An affiliate of ECL Water Street LCC, a Las Vegas-based company with 45 properties in three states, acquired the properties from Tim Brooks for an undisclosed price. The buyer company is led by Ron Winchell and Marc Falcone. Tim Brooks, former owner, will continue overseeing both properties’ day-to-day operations as general manager. Comprising approximately 2.7 acres, the portfolio features a combined gaming machine count of approximately 768 and each property …

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RD1-Distillery_Commons_Lexington
DevelopmentKentuckyMixed-useNews

RD1 Spirts to Open 10,215-Square-Foot Distillery at The Commons in Lexington, Kentucky

by Hayden Spiess

Lexington, Ky. — RD1 Spirts has signed on to join as an anchor tenant at The Commons, a 40-acre mixed-use development in downtown Lexington. The locally based bourbon brand plans to invest $4.8 million to develop the two-story distillery spanning 10,215 square feet and including an entrance off Main Street. The venue will include outdoor seating on both levels, four private tasting rooms, a glass-enclosed research-and-development space for wood finishing for RD1’s bourbon barrels, VIP speakeasy tasting room, craft cocktail bar and a gift shop. RD1 plans to open the distillery …

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