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Franklin Crossroads Park
DevelopmentMixed-useNewsPennsylvania

IRG, PREP Funds Acquire Washington Crown Center in Suburban Pittsburgh, Plan Redevelopment

by Abby Cox

North Franklin Township, Pa. — A partnership between Los Angeles-based Industrial Realty Group (IRG) and Cleveland-based PREP Funds has acquired Washington Crown Center, a 450,000-square-foot mall near Pittsburgh, with plans to undertake a redevelopment. As reported by the Observer-Reporter, as well as several other media sources, IRG and PREP Funds are jointly investing $40 million for the transformation of the former mall into a mixed-use hub for retail and business that will be called Franklin Crossroads Park. In addition, according to Pittsburgh Business Times, Great Neck, N.Y.-based Kohan Retail Investment Group originally purchased the …

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Veridian
DevelopmentGrocery-anchoredIllinoisNews

UrbanStreet Group Breaks Ground on 30-Acre Retail District at Veridian in Suburban Chicago

by Abby Cox

Schaumburg, Ill. — UrbanStreet Group has broken ground on a 30-acre retail district at Veridian in the Chicago suburb of Schaumburg. The first phase of the district is expected to open in 2027 for apartments, while the retail portion is scheduled for fall 2026. The Veridian project involves the transformation of the former Motorola headquarters campus. The first phase of the retail district will include 100,000 square feet of walkable retail and international cuisine, anchored by a 26,000-square-foot The Fresh Market grocery store along with 321 apartments and year-round community …

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FloridaInvestment salesNews

Partnership Acquires 800,000-Square-Foot Galleria at Fort Lauderdale Mall, Plans Redevelopment

by Abby Cox

Fort Lauderdale, Fla. — GFO Investments and InSite Group, in partnership with Atlas Real Estate and Prime Finance, have acquired The Galleria at Fort Lauderdale, with plans to redevelop the 800,000-square-foot mall. Robert Given, Brad Capas and Casey Rosen of CBRE represented the seller, Keystone-Florida Holding Corp., in the transaction. The sales price was not disclosed. GFO and InSite Group will oversee redevelopment efforts, while Sandeep Mathrani of Atlas Hill Real Estate will lead leasing at the property. Galleria Mall, an underperforming, super-regional shopping center, will be reimagined into a community-focused destination. …

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Cheyenne Point Plaza
FinanceNevadaNews

RA Centers Arranges $20 Million in Financing for Cheyenne Point Plaza in Las Vegas

by Abby Cox

Las Vegas — RA Centers has arranged $20 million in financing for Cheyenne Point Plaza, a 111,809-square-foot neighborhood center located in Las Vegas. Mariana’s Supermarkets anchors the center, which is fully leased. Other tenants include Dollar General, Intermountain Healthcare, Taco Bell, Panda Express and Subway. Raymond Arjmand and Nader Arjmand of RA secured the financing through JP Morgan.

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Tigawok
LeasingNewsRestaurantsRetailers

New Restaurants, Retailers Join Downtown Burbank in California

by Abby Cox

Burbank, Calif. — Downtown Burbank, the walkable mixed-use neighborhood district in California with more than 400 shops, restaurants and services, has signed leases with 10 new tenants this year. Tigawok, Chubby Dumpling, Jam Jam Tea Studio and Lab Lagree have already opened at the district. Meanwhile, an additional mix of offerings will soon join them, including Supreme Crab, The Melt, iSmash, High Intensity Pilates, Flow Wine & Coffee and Fire Wings. The recent openings of various retailers and restaurants in Downtown Burbank coincides with the completion and development of approximately …

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Publix-anchored shopping center
Company newsFloridaGrocery-anchoredNewsSouth Carolina

JLL to Manage 1 Million-Square-Foot Retail Portfolio for 11North, Bain Capital

by Abby Cox

Florida and South Carolina — JLL has been selected to provide management services for a 1 million-square-foot retail portfolio across South Carolina and Florida. The portfolio comprises 10 open-air shopping centers which include Sawgrass Square and Plantation Promenade in Fort Lauderdale; Miramar Commons in Miramar; Rolling Oaks in Orlando; Promenade at Poinciana and Solivita Marketplace in Kissimmee; New Tampa Center in Tampa; Lake Worth Plaza in Lake Worth; Garden Shops at Boca in Boca Raton; and Point Hope Commons in Charleston. JLL will manage the portfolio on behalf of 11North Partners …

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The Bradford
Investment salesLeasingMassachusettsMixed-useNewsRetailers

Zelco Properties, AGW Partners Acquire Retail Portion of Mixed-Use Development in Suburban Boston

by Abby Cox

Belmont, Mass. — Zelco Properties & Development, in partnership with AGW Partners, has acquired the retail portion of the Bradford, a newly constructed, 184,000-square-foot mixed-use development located in the western Boston suburb of Belmont. The Bradford comprises 115 luxury residential units across three buildings, along with 34,000 square feet of ground-floor retail. The acquisition includes multiple retail spaces ranging from 450 square feet to nearly 20,000 square feet. The retail space contains an anchor suite and a purpose-built restaurant space. Starbucks currently anchors the property, which features on-site parking options, a …

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Circle K
FloridaInvestment salesNews

SRS Brokers $3.9 Million Sale of Retail Property Near Tampa

by Abby Cox

Odessa, Fla. — SRS Real Estate Partners has brokered the $3.9 million ground lease sale of a retail property located in Odessa, roughly 17 miles northwest of Tampa. Circle K occupies the 5,200-square-foot property on a 15-year, corporate-guaranteed lease. Patrick Nutt and William Wamble of SRS represented the seller, a Florida-based private developer, in the transaction. The buyer, a private investment entity controlled by family members residing in California and Florida, purchased the property to complete a 1031 tax deferred exchange. The Circle K serves as an outparcel to a …

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Ohio Valley Mall
LeasingNewsOhio

Three Tenants to Join Ohio Valley Mall

by Abby Cox

St. Clairsville, Ohio — Three new tenants have signed leases to join Ohio Valley Mall, a 1 million-square-foot super-regional shopping center located in the east central Ohio city of St. Clairsville. Academy Sports + Outdoors and Burlington will occupy a former Sears store, while Boot Barn will open a 13,000-square-foot store in a former Macy’s space. Set to open in late 2026, all three stores will be the first of their brand in the Ohio Valley Mall. Ohio Valley Mall features more than 100 retailers and restaurants including American Eagle, Auntie …

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Company newsFinanceIllinoisNews

Pinstripes Closes 10 Locations, Files for Bankruptcy

by Abby Cox

Northbrook, Ill. — Northbrook, Illinois-based Pinstripes Holdings Inc., an entertainment venue known for dining, bowling and bocce, has filed for bankruptcy and closed 10 units. Pinstripes filed for Chapter 11 bankruptcy on Sept. 8 after accumulating a debt of roughly $143 million, as reported by several media sources. After going public in December 2023, Pinstripes is now down to eight operating locations and was delisted from the New York Stock Exchange in March due to financial stress, according to company representatives. The venues that will remain open are located in Bethesda, Maryland; Cleveland, Ohio; …

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