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Westgate-Square_Orlando
FloridaInvestment salesNews

Marcus & Millichap Brokers $19.5 Million Sale of Westgate Square Shopping Center in Orlando

by Abby Cox

Orlando, Fla. — Marcus & Millichap has brokered the $19.5 million sale of Westgate Square, a 136,189-square-foot, grocery-anchored shopping center located at 2625 Hiawassee Road in Orlando. Salim Valiani and Yassin Benkabbou of Marcus & Millichap represented the seller, a private high net worth individual from South Florida, in the transaction. Built in 1981 and renovated in 1990, Westgate Square was fully leased at the time of sale to Bravo Supermarket, Goodwill, Family Dollar and Hibbett Sports.

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FloridaGeorgiaGrocery-anchoredInvestment salesNews

KRG Acquires Two Shopping Centers for $136 Million, Sells Six-Property Retail Portfolio for $255 Million

by Abby Cox

Sandy Springs, Ga. and Naples, Fla. — Indianapolis-based Kite Realty Group (KRG) has acquired two shopping centers in Florida and Georgia for $136 million. The first property is Chastain Market, a 121,000-square-foot, Trader Joe’s-anchored neighborhood center in Sandy Springs, that sold for $71 million. The second property is The Pointe at Founders Square, an 86,592-square-foot retail center located within the Founders Square mixed-use development in Naples. The unanchored center sold for $65 million. In addition to the acquisitions, KRG has also sold a six-property retail portfolio across four states for $255 …

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Prudent-Growth-Partners-Scenic-Square
Investment salesNewsTexas

Prudent Growth Acquires 28,850-Square-Foot Retail Center in Metro Dallas for $7.4 Million

by Abby Cox

Rowlett, Texas — Chapel Hill, North Carolina-based Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail property located in Rowlett, approximately 20 miles northeast of Dallas, for $7.4 million. The center was fully leased at the time of sale to tenants including Baylor Scott & White Outpatient Rehabilitation, HealthPro Pharmacy & Wellness Center, Eagle Food Beer & Wine, Wanda’s Studio and The Track Grill and Bar.

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The Village at Meridian
DevelopmentIdahoNews

CenterCal Properties Expands The Village at Meridian Near Boise, Idaho

by Abby Cox

Meridian, Idaho — CenterCal Properties has announced the expansion of The Village at Meridian, a 1 million-square-foot mixed-use development located in Meridian, roughly 10 miles west of downtown Boise. Phase II of the project will encompass 80,000 square feet of commercial space across six new buildings, including a mix of retail and dining tenants such as Vuori, Alo, Kendra Scott, Tecovas, Gorjana, solidcore and Tempur-Pedic, along with Flower Child and Paris Baguette. Additional tenants will be announced as leasing activity continues. Initial openings are expected in September 2026, while completion of …

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ColoradoLeasingNews

Simon Property Group Signs Leases with Four New Tenants at Cherry Creek Shopping Center in Denver

by Abby Cox

Denver — Simon Property Group has signed leases with four new tenants at Cherry Creek Shopping Center, a 1.1 million-square-foot super-regional mall located in Denver. Japanese-inspired concept Milk Jelli is anticipated to open this July, while STUDS and Crate & Barrel are expected to open in the fourth quarter of this year. Rothy’s, a lifestyle and sustainable fashion brand, will launch in the second quarter of 2027. Cherry Creek Shopping Center welcomed a mix of additional tenants earlier this year including Captain Crêpes, SKIMS, Gucci, Ash & Agave, BYLT Basics, Swarovski, …

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Shops-at-Highland-Walk-Highlands-Ranch
ColoradoGrocery-anchoredInvestment salesNews

Shea Properties Completes $37.1 Million Sale of Shops at Highland Walk Near Denver

by Abby Cox

Highlands Ranch, Colo. — Shea Properties has completed the $37.1 million sale of the Shops at Highland Walk, a 94,795-square-foot retail center in Highlands Ranch, located 13 miles south of Denver. Regency Centers acquired the property. Located at 4000 Red Cedar Drive, Shops at Highland Walk consists of two multi-tenant inline buildings flanking grocery anchor tenant King Soopers and four additional outparcel buildings on the perimeter. At the time of sale, the property was 98 percent leased to 17 tenants. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the …

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foothill-village
DevelopmentGrocery-anchoredNewsUtah

Asana Partners Invests $25 Million for Redevelopment of Foothill Village in Salt Lake City

by Abby Cox

Salt Lake City — Asana Partners has invested $25 million to redevelop Foothill Village, a 260,000-square-foot center located in the East Bench neighborhood of Salt Lake City. The grocery-anchored center — which is anchored by Dan’s Fresh Market — features a new central plaza, open-air breezeways, six new tenants and two levels of retail shops. New tenants that will be joining the property later this year will include Magnolia Bakery (1,500 square feet), Zao Asian Café and MD Hyperbaric. JD Flannel Donuts, Mo’ Bettahs and [solidcore] have already opened at the center. …

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CaliforniaInvestment salesNews

Marcus & Millichap Brokers $7.3 Million Sale of Retail Building in San Diego County

by Abby Cox

Escondido, Calif. — Marcus & Millichap has brokered the $7.3 million sale of a retail building located at 1580 W. Valley Parkway in Escondido. Dollar Tree and Big Blue Swim School fully occupy the 20,085-square-foot property on triple-net leases with rental increases during the initial lease terms and option periods. Alvin Mansour of Marcus & Millichap represented the undisclosed seller and procured the buyer in the deal. Chad O’Connor of Marcus & Millichap Capital Corp. arranged $4.7 million in acquisition financing for the undisclosed buyer.

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culto-futbol-lincoln-road
FloridaLeasingNews

Seven New Tenants Sign Leases on Lincoln Road in Miami Beach

by Abby Cox

Miami Beach, Fla. — Seven new tenants have signed leases along Lincoln Road, a mixed-use, open-air district in Miami Beach. Waxxed Sports Cards (1,450 square feet) and Lucky Box Vending Machine will open in June, while City Food Hall, an 18,000-square-foot culinary destination, along with Negroni Caffe and Sushi Bar (2,613 square feet) will open this summer. Biobliss (2,500 square feet) will debut in July, while Steve Madden will launch this fall/winter. In addition, Cajun Boil (4,565 square feet), Uniqlo (14,284 square feet) and All’Antico Vinaio (1,793 square feet) will open …

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Pizza-Hut
Investment salesKentuckyNewsRestaurants

Yum Brands Agrees to Sell Pizza Hut in Two Separate Transactions Totaling $2.7 Billion

by Abby Cox

Louisville, Ky. — Yum! Brands Inc., the Louisville-based operator of the Pizza Hut, Taco Bell and KFC franchises, has entered into an agreement to sell the Pizza Hut chain across two separate transactions with a combined value of $2.7 billion. LongRange Capital, a private equity firm based in Stamford, Conn., has agreed to purchase Pizza Hut outside of mainland China for approximately $1.5 billion. The company is financing its acquisition using funds from UBS Investment Bank. Yum China Holdings Inc., which is based in Shanghai and was spun off from …

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