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DevelopmentGrocery-anchoredLeasingMixed-useNewsTexas

Signorelli Co. Signs H-E-B to Anchor Commerce District at Valley Ranch in Metro Houston

by Abby Cox

New Caney, Texas — The Signorelli Co. has signed a lease with H-E-B to anchor Commerce District at Valley Ranch, a mixed-use project located within the 1,400-acre Valley Ranch master-planned community in New Caney, roughly 30 miles northeast of downtown Houston. The first phase, dubbed Commerce West, will be anchored by a 120,000-square-foot H-E-B supermarket that is scheduled to open in fall 2027. In addition to H-E-B, Commerce West includes approximately 19,500 square feet of retail space and two outparcel opportunities for complementary restaurants, retail and service-oriented businesses. Commerce East, the …

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Investment salesNewsNorth Carolina

Colliers Negotiates Sale of 111,852-Square-Foot Shopping Center in Asheville, North Carolina

by Abby Cox

Asheville, N.C. — Colliers has negotiated the sale of Westgate Shopping Center, a 111,852-square-foot shopping center located at 40 Westgate Parkway in Asheville. Built in 1956, Westgate is leased to Earth Fare, CVS Pharmacy, Crumbl Cookies, The UPS Store and other national and regional retailers. UNC Health purchased the shopping center from FIRC Group Inc. for an undisclosed price. Scott Israel of Colliers represented the seller in the transaction, while John Spake of Spake Real Estate represented the buyer.

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Westwood Town Center
Grocery-anchoredInvestment salesNewsOhio

KPR Acquires Westwood Town Center in Rocky River, Ohio, for $28.2 Million

by Abby Cox

Rocky River, Ohio — KPR Centers has acquired Westwood Town Center, a 226,155-square-foot shopping center in Rocky River, a suburb of Cleveland, for $28.2 million. The Home Depot and Marc’s, a regional grocery store, anchor the property, which was 95 percent occupied at the time of sale. Other tenants include AMC Theatres, Dollar Tree, FedEx and Third Federal Savings & Loan. Westwood Town Center also has nearly 11,000 square feet of space available for lease. Michael Nieder and Brian Page of JLL represented the seller, Zeisler Morgan Properties, in the …

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4926 N. River Road
IllinoisInvestment salesNews

Marcus & Millichap Arranges $3.5 Million Sale of Retail Property in Schiller Park, Illinois

by Abby Cox

Schiller Park, Ill. — Marcus & Millichap has arranged the $3.5 million sale of a six-suite retail strip property located in Schiller Park near O’Hare International Airport and the Fashion Outlets of Chicago. The 23,000-square-foot property is situated on nearly 1.4 acres and is occupied by a mix of tenants including Shoeless Joe’s Ale House & Grille, Enterprise Rent-A-Car and Axeclusive Axe Throwing & VR Lounge. Adrian Mendoza, Sean Sharko and Austin Weisenbeck of Marcus & Millichap marketed the property on behalf of the seller, a partnership of two local investors.

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Shops at Prosper Trail
Investment salesNewsTexas

YPI Sells 86,698-Square-Foot Retail Center in Metro Dallas

by Abby Cox

Prosper, Texas — Younger Partners Investment (YPI) has sold Shops at Prosper Trail, an 86,698-square-foot retail center located in Prosper, about 35 miles north of downtown Dallas. Built in 2016, Shops at Prosper Trail was fully leased at the time of sale to tenants including Anytime Fitness, Pacific Dental Services, Wingstop and Supercuts, among others, according to LoopNet Inc. Kroger shadow anchors the property. Adam Howells and Erin Myer of JLL represented the seller in the transaction. The buyer was Phillips Edison & Co.

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Company newsConnecticutNews

Charter Growth Partners Launches to Invest in Retail-First Businesses

by Abby Cox

Westport, Conn. — Dan Zelson, Cliff Sirlin and Ben Harris have launched Charter Growth Partners, a new private investment firm and growth equity fund that will invest in consumer businesses where physical, “real life” presence is central to the business. Born from the experience of Charter Growth Partners and Zelco Properties, the integrated platform helps retail-first and consumer-facing businesses expand by combining growth capital with real estate execution and brand strategy. Collectively, the founders have managed more than $2 billion in capital and scaled over 150 companies. “We have a decades-long …

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IllinoisInvestment salesNews

Marcus & Millichap Brokers $14 Million Sale of LA Fitness-Anchored Retail Property in Metro Chicago

by Abby Cox

Mundelein, Ill. — Marcus & Millichap has arranged the nearly $14 million sale and financing of an LA Fitness-anchored, four-suite retail property in Mundelein, roughly 35 miles northwest of downtown Chicago. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, an experienced real estate investor and developer in Chicagoland. The Sharko | Weisenbeck | Mendoza Group also procured the out-of-state buyer, which completed a 1031 exchange. Dean Giannakopoulos of Marcus & Millichap Capital Corp. arranged $9.8 million in acquisition financing through a …

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Chick-fil-A
Investment salesNewsTennessee

RealSource Group Arranges $2.7 Million Pre-Sale of Single-Tenant Restaurant Property in Southeastern Tennessee

by Abby Cox

Hixson, Tenn. — RealSource Group has arranged the $2.7 million pre-sale of a single-tenant restaurant property in Hixson. Upon completion, Chick-fil-A will occupy the 6,008-square-foot building on a 15-year corporate triple-net ground lease. The store features a double drive-thru and will replace an existing Chick-fil-A property at Oak Park Town Center, a 182,000-square-foot shopping center. Construction is scheduled to begin in September 2026. Jonathan Schiffer and Austin Blodgett of RealSource Group, in association with ParaSell Inc., represented the buyer, a high‑net‑worth investor based in Florida. Don McMinn and Andrew Koriwchak …

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Investment salesNewsWisconsin

Hanley Investment Group Negotiates Sale of Three Single-Tenant Retail Properties in Eastern Wisconsin

by Abby Cox

Wisconsin — Hanley Investment Group Real Estate Advisors has negotiated the off-market sale of three single-tenant O’Reilly Auto Parts stores located in eastern Wisconsin within the Fox Valley and greater Madison trade areas. The properties include: Eric Wohl and CJ Kiehler of Hanley, in association with ParaSell Inc., represented the seller, a Montana-based development company, in the transaction. The buyer and sales price were not disclosed.

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DevelopmentKansasNews

Movement Musick Unveils Plans for Downtown Grocery Store, Expanded Community Space in Wichita

by Abby Cox

Wichita, Kan. — Movement Musick has unveiled additional plans regarding its downtown Wichita development, including a new grocery store, expanded community gathering space and the project team. The planned 30,000-square-foot urban market concept is being developed in partnership with the Queen family, one of the founding owners of the Price Chopper brand. In addition to leading the capital investment for construction, Movement Musick has structured the partnership to support the store’s operations through its initial growth period. Movement Musick is evaluating a few locations for the store within a two-block …

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