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Investment salesNewsNorth Carolina

Legacy Realty Group Negotiates $7.3 Million Sale of 92,110-Square-Foot Stonesthrow Crossing in Greensboro, North Carolina

by Abby Cox

Greensboro, N.C. — Legacy Realty Group has negotiated the sale of Stonesthrow Crossing, a 92,110-square-foot retail center located at the intersection of Farmington Drive and W. Gate City Boulevard in Greensboro. Roses Department Store anchors the property, which features additional tenants such as Harbor Freight Tools. The center will be shadow anchored by a new Rural King location, which is scheduled to open in 2027. Jacob Baruch and Ari Warshaw of Legacy Realty Group Advisors represented both the buyer, Charlotte, North Carolina-based Hilltide Capital, and the seller, locally based Koury Corp., …

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Erewhon-Glendale
CaliforniaDevelopmentNews

RDC Redevelops Former Hardware Store Building, Opens 14,900-Square-Foot Erewhon Grocery Store in Glendale, California

by Abby Cox

Glendale, Calif. — RDC, in collaboration with high-end grocery chain Erewhon, has redeveloped a former Virgil’s Hardware building in Glendale. Situated at 520 North Glendale Ave., the historic 24,900-square-foot building was originally developed in the 1970s and has been vacant for more than five years. The redevelopment has transformed the hardware store into a 14,900-square-foot Erewhon grocery store that comprises 5,000 square feet of mezzanine space, along with 4,000 square feet of additional ground-floor tenant space. Erewhon acquired the property in 2024.

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Sweetgrass-Corner
Investment salesNewsSouth Carolina

CRC Sells Two Adjacent Shopping Centers in Mount Pleasant, South Carolina

by Abby Cox

Mount Pleasant, S.C. — Baltimore-based Continental Realty Corp. (CRC) has sold two adjacent shopping centers located at 1903 and 1909 Highway 17 N. in Mount Pleasant. The properties, which include Sweetgrass Corner (88,316 square feet) and The Shops at Towne Centre Way (7,054 square feet), span a combined 95,370 square feet and were fully leased at the time of sale to tenants including Trader Joes, HomeSense and Golf Galaxy. CRC acquired Sweetgrass Corners in 2022 for $17 million and The Shops at Towne Centre Way for $3.9 million as part …

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IllinoisInvestment salesNews

Marcus & Millichap Brokers $4.4 Million Sale of Two-Tenant Retail Property in Metro Chicago

by Abby Cox

Wheaton, Ill. — Marcus & Millichap has brokered the $4.4 million sale of a two-tenant retail property located in Wheaton, approximately 25 miles west of downtown Chicago. Chipotle Mexican Grill and Scout Veterinarian Urgent Care occupy the 5,849-square-foot center, which was built in 2023. Austin Weisenbeck and Sean Sharko of Marcus & Millichap marketed the property on behalf of the seller, a local developer and repeat client of the Sharko | Weisenbeck | Mendoza Group. Darpan Patel and Dan Yozwiak, also of Marcus & Millichap, procured the buyer, an Ohio-based private investor.

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DevelopmentNewsRetailersTennessee

Co-Branded Bed Bath & Beyond Stores to Open in 22 Cities

by Abby Cox

Nashville, Tenn. — Bed Bath & Beyond has announced its first phase of its nationwide rollout of the new Bed Bath & Beyond + The Container Store retail format. The first 22 locations will begin welcoming customers to the new format immediately, with additional stores scheduled to convert over the next several weeks. The rollout follows the launch of the company’s first co-branded store in Texas. The new stores combine Bed Bath & Beyond’s assortment of bedding, bath, kitchen, entertainment and home essentials with The Container Store’s expertise in organization, custom …

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DevelopmentIllinoisNewsRestaurants

Zaxby’s Signs Seven-Unit Development Agreement in Chicago

by Abby Cox

Chicago — Zaxby’s has signed a franchise agreement with a local entrepreneur to open seven new restaurants in Chicago. The development plans follow a separate multi-unit agreement signed in Chicagoland in 2025, along with the first restaurant in Plainfield, Illinois, earlier this year. Zaxby’s currently has more than 1,000 locations in 22 states and is headquartered in Atlanta.

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DevelopmentNewsRestaurantsTexas

Shipley Donuts to Make Ohio Debut, Signs Three-Unit Franchise Deal

by Abby Cox

Houston — Shipley Donuts has signed a three-unit franchise agreement in Cincinnati, marking its entry into Ohio. The deal is with Houston-based Koelache Co. LLC, which plans to open its first Shipley location in the first quarter of 2027, with the other two units expected to open through 2029.  Founded in Texas in 1936, Shipley Donuts has more than 390 franchised and company-owned restaurants across 13 states.

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ArizonaInvestment salesNewsPower centers

Gantry Secures $38 Million in Refinancing for 224,000-Square-Foot Power Center in Metro Phoenix

by Abby Cox

Mesa, Ariz. — Gantry has secured a $38 million permanent loan to refinance maturing debt for Mesa Grand, a 224,000-square-foot regional power center located in Mesa, roughly 19 miles east of Phoenix. Tenants at the center include Famous Footwear, Burlington Coat Factory, Michaels, Dollar Tree, Texas Roadhouse, Starbucks Coffee, Chili’s and Crunch Fitness, which will open soon. Tim Storey, Chad Metzger and Andrew Christopherson of Gantry represented the borrower, a private real estate investor. An institutional balance sheet lender provided the five-year, fixed rate loan, which features full-term interest-only payments with …

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FinanceInvestment salesNewsTexas

Corrigan Investments Sells 113,823-Square-Foot Grocery-Anchored Center in Dallas

by Abby Cox

Dallas — Corrigan Investments has sold Pavilion on Lovers Lane, a 113,823-square-foot neighborhood center located in Dallas. Barry Brown, Erin Myer, Wally Reid, Kristi Leonard and Luke Rogers of JLL Capital Markets arranged the sale and acquisition financing in the transaction. The buyer was a Dallas-based real estate investment firm. This acquisition marks the first time the property has ever been offered on the market. Pavilion on Lovers Lane spans two buildings and was 99.7 percent leased at the time of sale to tenants including Eatzi’s, Odelay, Stay Fit Studios and La …

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FloridaGrocery-anchoredInvestment salesNews

SRS Real Estate Arranges $14.8 Million Sale of Single-Tenant Retail Property Near Sarasota, Florida

by Abby Cox

Venice, Fla. — SRS Real Estate Partners has arranged the $14.8 million sale of a single-tenant retail property located in Venice, approximately 18 miles south of Sarasota. Sprouts Farmers Market occupies the 23,250-square-foot building, which was built in 2025, on a corporate-guaranteed lease with 19 years remaining. Patrick Nutt and William Wamble of SRS represented the seller, a national real estate developer, in the transaction. The buyer was a Detroit-based private investor.

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