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Black Mountain Marketplace Rendering
ArizonaDevelopmentNews

Evergreen Breaks Ground on Fitness-Anchored Shopping Center in Metro Phoenix

by Abby Cox

Cave Creek, Ariz. — Evergreen Development, on behalf of the Bullington family, has broken ground on Black Mountain Marketplace, a planned 13.3-acre neighborhood center located in Cave Creek, roughly 30 miles north of Phoenix. A 41,337-square-foot Mountainside Fitness will anchor the project, which is expected to be completed in the summer of 2027. Black Mountain Marketplace includes seven outparcel pads planned for dining, services and neighborhood-serving retail that will complement Mountainside Fitness and serve the surrounding Cave Creek and North Phoenix communities. Several transactions are currently in progress, with limited availability …

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atlantic-village
FloridaLeasingMixed-useNews

Six New Tenants Join Atlantic Village in Hallandale Beach, Florida

by Abby Cox

Hallandale Beach, Fla. — Six new tenants have signed leases to join Atlantic Village, a 308,000-square-foot mixed-use development located in Hallandale Beach, a town in South Florida’s Broward County. Totaling 16,983 square feet of retail space, the newest tenants include Pharos Greek Frozen Yogurt (681 square feet); NAWA (1,622 square feet); The Atelier Blanc (8,100 square feet); Fitjump (3,021 square feet); The Tox (1,360 square feet); and Degree Wellness (2,199 square feet). Pharos and NAWA will open this year, while the remaining four tenants will debut in early 2027. The …

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JLL - West Coast Retail Portfolio
CaliforniaColoradoGrocery-anchoredInvestment salesNewsWashington

Nuveen Real Estate Acquires 1.9 Million-Square-Foot Retail Portfolio Spanning Three States for $445 Million

by Abby Cox

Orange County, Calif. — Nuveen Real Estate has acquired a 13-property, open-air retail portfolio spanning three states for $445.5 million. The 1.9 million-square-foot portfolio consists of six properties in California, four in Colorado and three in Washington. This acquisition represents one of the largest anchored retail portfolio transactions completed in the western United States in recent years, according to JLL. Collectively, the assets were 93.5 percent leased at the time of sale and are grocery-anchored by tenants such as Safeway, Walmart Neighborhood Market, Sprouts Farmers Market, FoodMaxx and Grocery Outlet. Additional …

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Promenade at Casa Grande
ArizonaInvestment salesNews

PREP Property Group Acquires 480,000-Square-Foot Casa Grande Power Center in Metro Phoenix for $63.1 Million

by Abby Cox

Casa Grande, Ariz. — PREP Property Group has acquired Promenade at Casa Grande, a 480,000-square-foot regional power center located in Casa Grande, roughly 45 miles south of Phoenix, for $63.1 million. Tenants at the center include Harkins Theatres, Ross Dress for Less, Marshalls, HomeGoods, Burlington, Michaels, Ashley Furniture, PetSmart, Five Below, Bath & Body Works, Shoe Dept., Encore, Ulta Beauty and Dollar Tree. Three anchors — Dillard’s, JCPenney and Target — were not included in the sale. Colliers represented the seller, Lamar Cos., in the transaction.

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Quebec Village
ColoradoInvestment salesNews

Continental Realty Acquires Quebec Village Shopping Center in Metro Denver for $31 Million

by Abby Cox

Centennial, Colo. — Baltimore-based Continental Realty Corp. (CRC) has acquired Quebec Village Shopping Center, a 125,000-square-foot retail center located in Centennial, approximately 15 miles south of Denver, for $31 million. Brad Lyons of CBRE represented the seller, Kensington Development Partners, in the transaction. Built in 1988, Quebec Village Shopping Center features a mix of tenants including Walgreens, Chase Bank, GNC, Great Clips, Golf Haus, Starbucks Coffee and Subway, as well as a 43,000-square-foot shuttered Amazon Grocery anchor space. The acquisition of Quebec Village marks CRC’s second retail center in the greater …

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Staples Plaza
ConnecticutInvestment salesNews

New England Retail Properties Negotiates $7.2 Million Sale of Staples Plaza in Wallingford, Connecticut

by Abby Cox

Wallingford, Conn. — New England Retail Properties has negotiated the $7.2 million sale of Staples Plaza, a 100,000-square-foot shopping center located in Wallingford, roughly midway between Hartford and New Haven. Tenants at the property, which have been open at the center for more than 18 years, include Staples, Goodwill, Dollar Tree, All Pets Club and Napoli Pizza. Matt Halprin of New England Retail Properties represented both the buyer, Wallingford Plaza Realty LLC, a New York-based investor, and the seller, CT Properties, in the transaction.

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Riggs-Marketplace-Chandler-AZ
ArizonaFinanceGrocery-anchoredInvestment salesNews

A&C Properties Sells Grocery-Anchored Retail Portfolio in Arizona for $108.7 Million

by Abby Cox

Chandler, Cave Creek, Gilbert, Mesa and Tucson, Ariz. — A&C Properties Inc. has completed the sale of a grocery-anchored retail portfolio in Phoenix and Tucson, to 11North Partners for $108.7 million. Totaling 422,949 square feet, the seven-property portfolio is currently 96 percent occupied with Fry’s Food & Drug as anchor tenant. The portfolio includes Gilbert Fiesta Marketplace, Shops at Gilbert Fiesta and Township Plaza in Gilbert; Riggs Marketplace in Chandler; Lindsay Marketplace in Mesa; Tatum Plaza in Cave Creek and Randolph Plaza in Tucson. Patrick Dempsey, Tess Berghoff and Ross Jorgensen …

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Village Shopping Center
Investment salesIowaNewsOhio

United Properties Acquires Two Retail Centers in Iowa, Ohio for $34.4 Million

by Abby Cox

Davenport, Iowa and Mansfield, Ohio — East Meadow, New York-based United Properties Corp. has acquired two retail centers in Iowa and Ohio for a total price of $34.4 million. The company now owns more than 10 million square feet of retail. Village Shopping Center in Davenport totals 233,100 square feet. The sales price was $23.9 million. Anchored by Ross Dress for Less, Ollie’s Bargain Outlet, Five Below and Pet Supplies Plus, the property is 91 percent occupied. Appleseed Center in Mansfield totals 147,254 square feet. The purchase price was $10.5 …

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Trader-Joes-Rendering
DevelopmentGrocery-anchoredNebraskaNews

Trader Joe’s to Open 13,500-Square-Foot Store at Avenue One in West Omaha

by Abby Cox

Omaha, Neb. — Trader Joe’s will open at Avenue One, a mixed-use destination along the Dodge Expressway in West Omaha. The grocery store will span 13,500 square feet. Additional retailers at Avenue One include Arhaus, Williams-Sonoma, Pottery Barn, West Elm, Perry’s Steakhouse & Grille, Barnes & Noble, L.L. Bean and Ulta Beauty. An opening date for Trader Joe’s has not been announced yet. Avenue One is owned and developed by JSP Development, with Poag Shopping Centers serving as retail co-developer and JLL overseeing leasing.

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Westage-Renderings
ColoradoDevelopmentNews

Rouler Advisors Begins $2 Million Renovation of Westgate Shopping Center in Metro Denver

by Abby Cox

Lakewood, Colo. — Rouler Advisors has begun the $2 million renovation of Westgate Shopping Center, a 108,867-square-foot retail center located in Lakewood, approximately eight miles southwest of downtown Denver. Improvements will include a full parking lot replacement, new monument signage, building and storefront façades and fresh stucco and siding, along with exterior paint, LED lighting and other amenities. Completion is expected in the first quarter of 2027. In connection with this project, Westgate recently signed a 6,662-square-foot lease with Burn Boot Camp, which joins other tenants such as Planet Fitness, Rocky …

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