Carmel, Ind. — Big V Property Group, with partner Equity Street Capital, has acquired Merchants’ Square, a 232,284-square-foot retail center located in the Indianapolis suburb of Carmel. Tenants at the property include Planet Fitness, Flix Brewhouse, Cost Plus World Market, Petco and Dollar Tree. This marks Big V’s first acquisition in the Indianapolis market.
Birmingham, Ala. —Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the $17.6 million sale of Eastwood Village, a 130,056-square-foot shopping center in Birmingham. A Walmart, not included the transaction, anchors the center. Tenants at the property include Ross Dress for Less, Office Depot, Michaels and Party City. Zach Taylor of IPA represented the seller, a partnership based in Louisiana, in the transaction and sourced the buyer, a private syndicator based in California that paid all-cash.
Holiday, Fla. — Graphite Real Estate has purchased Holiday Centre, a 67,035-square-foot shopping center located in Holiday, a northern suburb of Tampa. Graphite acquired the property for $9.9 million. Publix anchors the center, which was 98 percent leased at the time of sale. Other tenants include Planet Fitness, Publix Liquors and Bright Now Dental. Ari Ravi of RIPCO Investment Sales represented the undisclosed seller in the transaction, and RGA Reinsurance Co. originated acquisition financing on behalf of Graphite.
Boston — Ironside Realty has acquired a 3,300-square-foot single-tenant property located in downtown Boston. 7-Eleven occupies the property on a net-lease basis. A broker represented the undisclosed seller in the transaction, and Ironside was self-represented.
Lancaster, Ky. — Spirits company Staghorn is underway on the development of its first distillery, which will be situated on a 210-acre site in Lancaster, roughly 40 miles south of Lexington. Dubbed Garrard County Distilling Co., the $250 million project will feature a 50,000-square-foot distillery, as well as two rickhouses and a visitor center with a tasting room and restaurant, with plans for up to 24 aging warehouses by 2030. The distillery is expected to create more than 60 permanent jobs and produce up to 150,000 barrels of bourbon each year.
Lombard, Ill. — Aldi has opened a 22,951-square-foot store at Roosevelt Plaza, a shopping center located in the Chicago suburb of Lombard. An affiliate of Next Realty LLC owns and manages the property. Aldi now occupies a space that was formerly home to X-Sport Fitness. Other tenants at the center include Hobby Lobby, Harbor Freight Tools, Fruitful Yield, Roadhouse 38 and Starbucks Coffee. The tenant build-out involved installing freezer and cooler spaces and removing the locker room facilities used by the previous tenant.
San Jose, Calif. — Nine new tenants have signed leases at Santana Row, a retail center located in San Jose. Jewelry concept Cast is now open, and retailers New Balance, Evereve, Todd Snyder, [solidcore], Kohler and 7th Avenue have signed leases at the property. Restaurants Suspiro and Fitoor will also open at Santana Row early this year. Federal Realty Investment Trust is the landlord.
Westbury, N.Y. — Two restaurant concepts have signed leases totaling 3,161 square feet at Samanea New York, a 750,000-square-foot retail development located in Westbury on Long Island. Artisan bakery Tous les Jours and Taiwanese tea concept YiFang Taiwan Fruit Tea will occupy 2,611 and 550 square feet, respectively. Construction is currently underway on both spaces. Dominic Coluccio represented the landlord, Lesso Mall Development, on an internal basis, in association with Colliers International, the exclusive broker for the property. Don Cafeor of JLL represented Tous les Jours, and JLL also represented YiFang …
Huntsville, Ala. — A joint venture between Essex Capital and Ascend Property Group has broken ground on Front Row, an 11-acre, mixed-use project in downtown Huntsville. The $220 million first phase of Front Row is now underway, following news last week that Banco Inbursa and a group led by Keel Point and Opportunity Alabama provided $115 million in construction financing. The first retail space is slated for delivery in late 2025, followed by apartments and office space in early 2026. Upon full build-out, the first phase of Front Row will comprise …
Chicago — Mid-America Real Estate Corp. has arranged the sale of Lawndale Plaza, a 104,240-square-foot shopping center in Chicago’s Lawndale neighborhood. Anchored by Freshway Market, the property is leased to tenants including Citi Trends, Taco Bell, PNC, Rainbow, Cosmo Superstore and O’Reilly Auto Parts. Rick Drogosz and Emily Gadomski of Mid-America represented the seller, Mercer Street Holdings Three. Acre Investment Co. LLC was the buyer.
