Lakewood, Colo. — RealSource Group has brokered the $2.4 million sale of a single-tenant retail property located in Lakewood. Situated on 1.2 acres, the building totals 4,248 square feet. Grease Monkey occupies the property. Jonathan Schiffer and Austin Blodgett of RealSource, in association with ParaSell Inc., represented the seller, a private investor, in the transaction.
Cedar Hill, Texas — Kids Empire will open a 10,527-square-foot indoor playground in Cedar Hill, a suburb of Dallas. The venue will be situated within Hillside Village, a 615,000-square-foot, open-air power center anchored by Dick’s Sporting Goods, Barnes & Noble, Old Navy and H&M. Gretchen Miller, Emilie Paulson and Bryn Carden of Weitzman represented the landlord, PREP Property Group, in the lease negotiations. Robin Barrow and Eddie Liebman of Weitzman, with Austin Diemer and Shelby Pedroza of E & R Property Group, represented Kids Empire.
Melville, N.Y. — A&G Real Estate Partners will market 296 Big Lots store leases for sale in connection with the retailer’s bankruptcy proceedings and restructuring. Columbus, Ohio-based Big Lots filed for Chapter 11 bankruptcy on Sept. 9 of this year to facilitate a sale of substantially all of its assets and operations to an affiliate of Nexus Capital Management. Big Lots has already received approval to commence a sale process of 144 store leases and will seek approval in the coming weeks for the sale process of the additional 152 leases. …
Dalton, Ga. — Faris Lee Investments has arranged the $4.7 million sale of a free-standing retail pad building located in Dalton in northern Georgia. Developed in 2023, the two-tenant building features a drive-thru and is situated at the entrance to the Dalton Square shopping center. Starbucks Coffee and AFC Urgent Care currently occupy the property. Scott DeYoung, Jeff Conover, Don MacLellan and Greg Lukosky of Faris Lee represented the undisclosed seller in the transaction. A Georgia-based 1031-exchange private investor was the buyer. Tenants at Dalton Square include Food City, Ross Dress …
Newport Beach, Calif. — California-based pizza chain Mountain Mike’s has signed three multi-unit franchise agreements in Texas. The agreements include plans for five restaurants in Austin, three restaurants in metro Houston and three restaurants in the Dallas-Fort Worth Metro. Franchisees Rajeev Dewan, Ajay and Karina Gorde and Tim Fogarty will own and operate the units in Austin, metro Houston and the Dallas-Fort Worth area, respectively. Mountain Mike’s current portfolio includes four existing restaurants in the Dallas-Fort Worth metro and one in Greater Houston.
Richmond, Texas — NewQuest Properties has broken ground on a 19,000-square-foot, multi-tenant retail building in Richmond, a southwestern suburb of Houston. The building will be part of Phase III of The Grand at Aliana, a 65-acre retail project currently underway by the developer. The new building is 75 percent preleased to tenants including Milano Nails, America’s Best, Five Guys, Dunkin’, Firehouse Subs and Buffalo Wild Wings Go. Openings are scheduled to begin next summer. Costco Wholesale opened a store at the property earlier this year and anchors Phase III of the …
Fort Lauderdale, Fla. — BurgerFi International (NASDAQ: BFI) has filed for voluntary Chapter 11 bankruptcy protection. The Fort Lauderdale-based company operates under two brands: BurgerFi and Anthony’s Coal Fired Pizza & Wings. The two entities have a total of 144 restaurants open across the United States, Puerto Rico and Saudi Arabia. The filing pertains to 67 corporately owned locations operating under both the BurgerFi and Anthony’s banners. The remaining 77 franchisee-owned locations are excluded from the filing, with the company’s total portfolio expected to remain open and continue normal operations. BurgerFi …
Oak Brook, Ill. — Pine Tree has been awarded the management of retail portfolio comprising one million square feet across 16 properties in metro Chicago. Newcastle Properties is the owner. The portfolio includes Bloomingdale Auto Center and Bloomingdale Square in Bloomingdale; Aspen Point in Vernon Hills; Deerfield Commons and Cadwell’s Corners in Deerfield; Boardwalk Plaza and Orchard Plaza in Skokie; Dempster Plaza in Niles; Eastgate Plaza in Naperville; Fox Valley Auto Center in Aurora; Huntley Retail Center and Milrand Retail Center in Carpentersville; Market Square in Bolingbrook; and Parkview Plaza, Cicero …
Vernon Hills, Ill. — Three new tenants have signed leases at Hawthorn, a shopping center in Vernon Hills, roughly 40 miles outside Chicago. Pure Barre has opened a 1,768-square-foot studio at the property, and Yard House will open a 7,765-square-foot restaurant. Rootz has also signed a lease at the center and is scheduled to open within a 7,222-square-foot space in the fourth quarter of 2025. Hawthorn, which opened in 1973, is also currently undergoing a mixed-use redevelopment.
Hyannis, Mass. — Whole Foods Market will open a new, 42,560-square-foot store in Hyannis. A relocation from the existing Hyannis store, the property will feature a larger format and more than 370 local items from New England. The store will also offer grocery delivery to Cape Cod residents, as well as an Amazon returns counter and kiosk.
