Orlando, Fla. — Target will open a 150,000-square-foot store at Lake Nona West, marking the first anchor tenant at the 405,000-square-foot shopping center project in Orlando. Situated on 54 acres near the Brightline Station and Orlando International Airport, the development is scheduled for completion in fall 2025. Tavistock Development is the developer and landlord.
Florissant, Mo. — Legacy Realty Group Advisors has brokered the $13.5 million sale of Grandview Plaza, a shopping center located in Florissant. Schnucks and Old Time Pottery anchor the property, which totals 297,257 square feet. Daniel Baruch, Jonah Warshaw and Ari Warshaw of Legacy represented the buyer in the transaction, and Chase Young and Mike Joyce of CBRE represented the seller.
Tampa, Fla. — Marcus & Millichap has arranged the $6.1 million sale of a single-tenant property located in Tampa. Walgreens occupies the building on a net-lease basis. Ronnie Issenberg, Gabriel Britti and Ricardo Esteves of Marcus & Millichap represented the seller, CP Thunder FS LLC, in the transaction. Evan Kristol and Felipe Echarte of Marcus & Millichap secured the buyer, JJR Apartments LLC, and Chris Marks of Marcus & Millichap arranged acquisition financing.
Lowell, Ind. — Tractor Supply Co. has opened its 500th Garden Center in Lowell, Indiana. The company began adding Garden Centers to new and existing stores in 2020, with the first opening in Rome, Georgia. Averaging 3,000 to 4,000 square feet, the centers offer additional sales space with a focus on live goods, including fruit trees, herbs, vegetables and season items. Founded more than 85 years ago, Tractor Supply Co.’s portfolio comprises 2,233 stores in 49 states.
Fayetteville, Ark. — An affiliate of Cohen & Steers has acquired a two-property, open-air shopping center complex located in Fayetteville, located in the northwest portion of Arkansas near the Oklahoma and Missouri borders. Totaling 403,000 square feet, the complex comprises the retail centers Spring Creek Centre and Steele Crossing. Tenants at the properties include T.J. Maxx, Ulta Beauty, Best Buy, Old Navy, PetSmart and Kohl’s. The centers also feature corporately owned Walmart, The Home Depot and Target stores. At the time of sale, the centers were 95 percent occupied. DLC Management …
Paris, France — Paris-based retail center owner and operator Unibail-Rodamco-Westfield (URW) and TOCA Football have announced a partnership to open multiple eatertainment venues throughout Europe. The first of the new TOCA Socials will open at Westfield London and Westfield CNIT in La Défense in Paris in 2025. The venues will occupy 37,620 and 25,833 square feet, respectively. The partnership will include additional, yet-to-be-announced locations. TOCA Social venues feature immersive soccer-based gaming, as well as food and beverages. In London, the brand currently operates at The O2.
Greensboro, N.C. — Tanger has announced an expansion of its partnership with Sephora, which will bring the beauty retailer to five additional Tanger properties this year. Averaging 5,000 square feet, the stores will be located in Charleston, South Carolina; Deer Park, New York; National Harbor, Maryland; Palm Beach, Florida; and Glendale, Arizona. Sephora is currently open at Bridge Street Town Centre in Huntsville, Alabama, which Tanger acquired in late 2023.
Mount Pleasant, S.C. — Trader Joe’s has signed a lease to open a new store at Sweetgrass Corner, a 90,000-square-foot shopping center located in Mount Pleasant, roughly five miles outside downtown Charleston. The grocer will occupy 14,000 square feet at the property, which is owned by Continental Realty Corp. (CRC). Trader Joes, which operates more than 570 stores throughout the country, will be situated within a portion of the space left vacant by the closure of BI-LO in 2019. The new lease brings the center’s occupancy to 82 percent. CRC acquired …
Mill Valley, Calif. — Mill Valley-based Four Corners Property Trust (FCPT) has acquired a single-tenant retail property located in Illinois. Mavis Tire occupies the building. An undisclosed seller sold the property for $2.4 million.
Norman, Okla. — The Boulder Group has negotiated the $3.7 million sale of a single-tenant retail property located in Norman. CVS/pharmacy occupies the building, which is situated adjacent to a regional hospital. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the California-based buyer in the transaction.
