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Chipotle Mexican Grill
CaliforniaDevelopmentInvestment salesLeasingNews

Hanley Arranges $5.9 Million Sale of Single-Tenant Retail Property in Torrance, California

by Abby Cox

Torrance, Calif. — Hanley Investment Group has arranged the $5.9 million sale of a newly-constructed, single-tenant property in Torrance, in the South Bay area of Los Angeles. Chipotle Mexican Grill occupies the building — which totals 3,570 square feet — on a 15-year, corporate guaranteed, triple-net lease. Bill Asher, Jeff Lefko and Sean Cox of Hanley represented the buyer, a Los Angeles-based private investor, in the all-cash transaction. Christopher Huddleston of The Sher Group represented the seller, a Los Angeles-based private investor.

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Grande Center
DevelopmentNewsTexas

Weitzman Completes Renovation of 78,194-Square-Foot Retail Center in Irving, Texas

by Abby Cox

Irving, Texas — Weitzman has completed the renovation of Grande Center, a 78,194-square-foot retail center in Irving. The renovation project included new color schemes, exterior resurfacing, LED tenant signage, updated LED pylon signage and LED lighting upgrades for the parking lot. Additionally, the center’s signature tower has been reimagined to include squared-off columns, new paint and wood accents. Tenants at the property — which is more than 96 percent leased — include Hooters, EntertainMART, GameStop, Leslie’s Pool Supplies, Red Wing Shoes, SAS Factory Shoes, Pizza Patrón, La Campiña Salvadoreña, Edible …

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Smalls Sliders
Company newsDevelopmentIndianaLeasingNewsRestaurants

Smalls Sliders to Open 15 Restaurants in Indiana

by Abby Cox

Atlanta — Atlanta-based cheeseburger concept Smalls Sliders has signed a franchise agreement with operating group Indy Craves to open 15 new units, dubbed “Cans,” in Indiana. This marks the first multi-unit franchise deal in the state for the brand. Potential locations include Lafayette, Indianapolis, Kokomo, Fishers, Noblesville, Carmel, Muncie, Pendleton, Avon, Plainfield, Greenwood, Terre Haute, Bloomington and Columbus. The first of the 15 restaurants is scheduled to open in the next 12 months, according to a company representative. Smalls Sliders opened its first Can in 2019 and currently has more …

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West Harbor
Architecture and DesignCaliforniaDevelopmentFinanceNews

Partnership Receives $61.5 Million in Refinancing for Waterfront Retail Development in Los Angeles

by Abby Cox

Los Angeles — A partnership between the City of Los Angeles, the Port of Los Angeles, Jerico Development and The Ratkovich Co. has received $61.5 million for the recapitalization of West Harbor, a waterfront retail development in Los Angeles’ San Pedro neighborhood. The recapitalization will fund the completion and stabilization of the dining, entertainment and retail project, which is adjacent to the Port of Los Angeles. The property is more than 80 percent pre-leased. Spanning 42 acres, West Harbor offers 117,205 square feet of leasable building area and 204,000 square …

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Morrison Ranch
ArizonaCompany newsDevelopmentGrocery-anchoredNews

Barclay Group Develops Seven New Grocery-Anchored Shopping Centers

by Abby Cox

Phoenix — Barclay Group has developed a total of seven Kroger-anchored shopping centers in Arizona and Colorado, with six of the seven shopping centers located in the greater Phoenix area. The most recent deliveries featured two openings in January 2025, including Flying Horse in Colorado Springs, Colorado, and Morrison Ranch in Gilbert, Arizona. The final two openings — Heritage West in Buckeye, Arizona, and Sycamore Farms in Surprise, Arizona — are scheduled for completion this year. Barclay Group’s expansion into the Phoenix market within the past 15 months is part …

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Crenshaw Plaza
CaliforniaFinanceGrocery-anchoredNews

JLL Arranges $32 Million Loan for Retail Center in Los Angeles

by Abby Cox

Los Angeles — JLL Capital Markets has arranged $32 million in financing for Crenshaw Plaza, a 146,901-square-foot grocery-anchored shopping center located in Los Angeles. The borrower is a joint venture between the principals of 21 Alpha Group and Intelligent Design Real Estate. Originally built in 1967 and renovated in 2004, Crenshaw Plaza was 97 percent leased at the time of sale. Vallarta Supermarkets anchors the center on a new 15-year lease. Additional tenants at the property include Planet Fitness, Foot Locker and AutoZone. Spencer Bergthold, Charles Halladay and Daniel Skerrett …

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CaliforniaInvestment salesNews

CBL Properties Sells Shopping Center for $38.1 Million in El Centro, California

by Abby Cox

El Centro, Calif. — CBL Properties has sold Imperial Valley Mall, a 762,695-square-foot regional mall located in El Centro, for $38.1 million. The property served as collateral under a non-recourse term loan held by CBL, where net proceeds from the sale were applied to the term loan’s principal balance. The shopping center — which opened in 2005 — is anchored by Dillard’s, JCPenney, Macy’s and Cinemark, and features a food court, more than 100 specialty shops and dining and entertainment options. CBL & Associates manages the retail center.

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Bloomingdale Shopping Center
IllinoisInvestment salesNews

Quantum Real Estate Brokers $4.2 Million Sale of Shopping Center in Bloomingdale, Illinois

by Abby Cox

Bloomingdale, Ill. — Quantum Real Estate Advisors has brokered the $4.2 million sale of a shopping center located in Bloomingdale, roughly 25 miles northwest of downtown Chicago. The property — which totals 25,000 square feet — was 95 percent leased at the time of sale. Brett Berlin of Quantum Real Estate represented the undisclosed seller in the transaction. The buyer was an Illinois-based private investor.

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Company newsDevelopmentNewsPennsylvania

Whole Foods to Open 43,617-Square-Foot Store in Doylestown, Pennsylvania

by Abby Cox

Doylestown, Pa. — Whole Foods Market will open a new 43,617-square-foot store in Doylestown, located 25 miles north of Philadelphia. The new location will feature more than 500 local items from the Mid-Atlantic region, offering customers certified organic produce, a selection of wines and beers, a Whole Foods-curated grocery section and wellness, beauty and lifestyle items. Additionally, the store will include a full-service seafood counter, full-service meat counter, specialty cheese department, hot food bar and bakery. The new location will open March 13.

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Dunham Pointe Development
Architecture and DesignCompany newsDevelopmentMixed-useNewsTexas

Trademark Property Co. Plans to Develop Mixed-Use Development in Cypress, Texas

by Abby Cox

Cypress, Texas — Fort Worth-based Trademark Property Co. plans to develop a mixed-use retail and restaurant district in the Dunham Pointe Development, a 1,300-acre master-planned community in the Houston suburb of Cypress. The Dunham Pointe Development will feature a mix of residential, office, retail and commercial facilities and have a total of 2,500 custom-built homes. The community will also include a public school. The mixed-use portion of the project will total 205,000 square feet and span 25 acres. According to Trademark, 48 retail, dining and lifestyle tenants have submitted preliminary …

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