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5546 Broadway
DevelopmentInvestment salesNew YorkNews

OakNorth Provides $7.1 Million Loan for Acquisition, Redevelopment of Retail Property in the Bronx

by Abby Cox

New York City — OakNorth, a digital commercial bank and financial technology company, has provided a $7.1 million loan for the acquisition of 5546 Broadway, a 10,000-square-foot retail property located within the Marble Hill/Kingsbridge neighborhood of The Bronx. The property has roughly 200 feet of frontage on Broadway and at the main entrance to the 114,000-square-foot Broadway Plaza Mall. The buyers, Crown Acquisitions and KSR Capital, will use the loan to redevelop the property, support tenant improvements and fund leasing costs.

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DevelopmentInvestment salesNewsTexas

CenterPoint Acquires 12 Acres in Metro Dallas, Plans Retail Development

by Abby Cox

Waxahachie, Texas — CenterPoint Commercial Properties has acquired 12 acres in Waxahachie, roughly 30 miles south of Dallas, with plans to develop the Village at Soma Creek. The project forms a portion of a 22-acre retail component that is part of a larger 76.7-acre master-planned development in Ellis County. CenterPoint plans to develop the property with a mix of national and regional retailers, restaurants and service-oriented uses, incorporating a combination of pad sites, ground leases and build-to-suit opportunities. The company is already negotiating terms with several national tenants for locations within …

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Lahaina-Cannery
HawaiiInvestment salesNews

U.S. Realty Partners Sells Two-Property Retail Portfolio in Lahaina, Hawaii, for $155M

by Abby Cox

Lahaina, Hawaii — An affiliate of U.S. Realty Partners has sold a two-property retail portfolio in Lahaina to 11North Partners for $155 million. The portfolio includes: Bryan Ley and Tim Kuruzar of Northmarq, along with Jamie Brown of Hawaii Commercial Real Estate, brokered the sale. Additionally, Northmarq’s Joe Giordani, Alex Kane and Matt Radich arranged $96 million in acquisition financing through PNC Bank.

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Redners-Douglassville
Grocery-anchoredInvestment salesNewsPennsylvania

Marcus & Millichap Brokers $7.1 Million Sale of Grocery Store in Eastern Pennsylvania

by Abby Cox

Douglassville, Pa. — Marcus & Millichap has brokered the $7.1 million sale of a grocery store located within Douglassville Shopping Center in the Eastern Pennsylvania city of Douglassville, roughly 40 miles northwest of Philadelphia. Redner’s Fresh Market occupies the 48,000-square-foot building, which was built in 1976 and renovated in 2025. Redner’s Markets is a privately held, employee-owned grocery company with 64 locations across the Mid-Atlantic. Colin Reder, Derrick Dougherty and Scott Woodard of Marcus & Millichap listed the property on behalf of the seller, a regional limited partnership, and procured …

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Dadeland-Station
FloridaLeasingNews

Two New Retail Tenants Open at Dadeland Station in Miami

by Abby Cox

Miami — Two new anchor tenants have opened at Dadeland Station, a 350,000-square-foot, three-level power center located in Miami, just east of the Dadeland Mall. Burlington opened in August, followed by Marshalls in September. Together, the off-price retailers add approximately 62,000 square feet of leased space to the property. The new stores join a roster of additional tenants including Target, Best Buy, Michaels, PetSmart, Starbucks Coffee, Subway, Avis, Enterprise Rent-A-Car and Lan Pan-Asian Café. Berkowitz Development Group holds a 60 percent majority stake in Dadeland Station, managing and operating the property …

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ArizonaCompany newsNewsRestaurants

True Food Kitchen Files for Chapter 11 Bankruptcy

by Abby Cox

Scottsdale, Ariz. — True Food Kitchen, a wellness-driven casual restaurant chain, has voluntarily filed for Chapter 11 bankruptcy protections in the U.S. Bankruptcy Court for the Southern District of Texas. As part of its restructuring, the chain has closed 12 restaurants. Its remaining 34 locations, which span 14 states, remain in operation. According to the press release, True Food Kitchen will pursue a court-supervised sale and will identify a long-term partner with the resources and alignment to support the chain’s future. True Food Kitchen also shared that it would use the …

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DevelopmentNewsRestaurantsSouth Carolina

Eggs Up Grill Signs 11-Unit Franchise Agreement

by Abby Cox

Spartanburg, S.C. — Daytime restaurant brand Eggs Up Grill has signed a franchise agreement across four different franchise groups to open 11 new restaurants. The 11 commitments will expand the brand across both new and existing markets, including Eggs Up Grill’s first entry into Kansas. Eggs Up Grill also opened three restaurants during the quarter in Bonaire, Georgia; Spears Creek, South Carolina; and Mt. Pleasant, South Carolina. Eggs Up Grill operates more than 110 locations in the country, with over 90 additional units under development.

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Rivoli-Crossing
GeorgiaInvestment salesNews

Atlantic Capital Partners Arranges $10.6 Million Sale of Rivoli Crossing in Macon, Georgia

by Abby Cox

Macon, Ga. — Atlantic Capital Partners has arranged the $10.6 million sale of Rivoli Crossing, a 95,977-square-foot shopping center located in Macon. Rivoli Crossing was 53 percent leased at the time of sale to 12 service-oriented tenants such as Orangetheory, Leslie’s Pool Supplies and Dollar Tree, and is anchored by The Fresh Market. The center also features a 35,716-square-foot big-box vacancy, in addition to 7,978 square feet of available inline shop space. Fred Victor, Sam Koonce, Teddy Driscoll and Matt Austin of Atlantic Capital Partners represented the seller, Coro Realty, in …

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the-marketplace-at-huntington-valley
Grocery-anchoredInvestment salesNewsPennsylvania

Wilder, J.P. Morgan Acquire The Marketplace at Huntingdon Valley in Metro Philadelphia

by Abby Cox

Huntingdon Valley, Pa. — Wilder and J.P. Morgan Asset Management have acquired The Marketplace at Huntingdon Valley, a 257,000-square-foot community center located in Huntingdon Valley, roughly 20 miles north of Philadelphia. Weis Markets anchors the property, which was 95 percent occupied at the time of sale. Additional tenants include LA Fitness, Penn Cinema, Starbucks Coffee, Chipotle Mexican Grill, Dunkin’, Hand & Stone Massage & Facial Spa and Pennsylvania Fine Wine & Good Spirits. Wilder will oversee leasing, management, marketing and asset strategy for the property, with an immediate focus on placemaking, …

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Alafaya Square
FloridaGrocery-anchoredInvestment salesNews

Phillips Edison & Co. Purchases Grocery-Anchored Center in Oviedo, Florida, for $69.1 Million

by Abby Cox

Oviedo, Fla. — Phillips Edison & Co. has acquired Alafaya Square, a 168,532-square-foot center located in the northeast Orlando suburb of Oviedo, for $69.1 million. Danny Finkle, Jorge Portela and Evan Lahr of JLL Capital Markets represented the seller, a joint venture between MCB Real Estate and an institutional investor, in the transaction. Alafaya Square, which was 96 percent occupied at the time of sale, is anchored by a newly built Publix. Other tenants at the center include Planet Fitness, IHOP, Keller Williams, Froggers Grill & Bar and Arcade Monsters.

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