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FloridaInvestment salesMixed-useNewsNorth Carolina

Cuadra Capital Acquires 250,000 Square Feet of Retail, Mixed-Use Developments in North Carolina, Florida

by Abby Cox

Charlotte, N.C. — Cuadra Capital, a Charlotte-based real estate investment and operating firm, has acquired multiple retail and mixed-use assets totaling 250,000 square feet across North Carolina and Florida. The North Carolina acquisitions include State Street Station in Greensboro, College Plaza in Winston-Salem and the Bottleworks District in Wilmington. The lone Florida acquisition was Park & King in Jacksonville. State Street Station is a 60,977-square-foot, eight-building neighborhood retail center that includes a mix of food-and-beverage, service, medical and wellness retail tenants. The firm also acquired four adjacent parcels from a local …

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CVS-Pharmacy
Investment salesNew YorkNews

CBRE Brokers Sale of Four-Property CVS Portfolio in Upstate New York

by Abby Cox

Binghamton, N.Y. — CBRE has brokered the sale of a four-property CVS Pharmacy portfolio totaling 40,500 square feet in the south-central New York cities of Binghamton, Owego and Endicott, located along the Pennsylvania border. The portfolio includes 163 Robinson Street and 249 Main Street in Binghamton; 39 Park Street in Owego; and 1008 Union Center Maine Highway in Endicott. The properties are fully leased to CVS Pharmacy under long-term, corporate-guaranteed leases. Karly Iacono of CBRE represented the seller, Feinberg Development Corp., in the transaction. An entity doing business as JMM Property …

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Haggard Hall - Exterior Rendering
DevelopmentMixed-useNewsTexas

Stillwater Capital Announces Progress on $750 Million Haggard Farm Mixed-Use Development in Plano, Texas

by Abby Cox

Plano, Texas — Dallas-based Stillwater Capital is making significant progress on Haggard Farm, a 142-acre mixed-use district located in the Dallas suburb of Plano. Construction began on the initial phase of the planned $750 million campus in December 2023. Stillwater Capital has surpassed $300 million in investment of Haggard Farm’s first phase, which will feature a 180,000-square-foot retail village, a 350-unit apartment community called The Bowen, 188 luxury townhomes, hike-and-bike trails and a 3-acre neighborhood park. The Haggard Farm project is transforming a site at the intersection of Spring Creek Parkway …

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Trinity Village Center
FloridaInvestment salesNews

Colterra Capital Sells Trinity Village Center in Metro Tampa, Florida, for $23 Million

by Abby Cox

Trinity, Fla. — Canadian-based real estate company Colterra Capital Corp. has sold Trinity Village Center, a 76,834-square-foot retail property located in Trinity, roughly 30 miles north of Tampa. According to the Tampa Bay Business Journal, Crow Holdings purchased the center for $23 million. Trinity Village Center, which features outparcels and a multi-tenant building, was 93 percent leased at the time of sale to tenants including Bonefish, Synovus Bank and Tampa General. Tommy Isola and Whitaker Leonhardt of Colliers represented Colterra Capital Corp. in the transaction.

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Stop-and-Shop
ConnecticutGrocery-anchoredInvestment salesNews

CBRE Arranges $17.3 Million Sale of Single-Tenant Retail Property Near Hartford, Connecticut

by Abby Cox

Simsbury, Conn. — CBRE has arranged the $17.3 million sale of a single-tenant retail property located in Simsbury, approximately 11 miles northwest of Hartford. Stop & Shop anchors the 69,948-square-foot building and is situated within Simsbury Commons, a 256,804-square-foot retail center. Jeffrey Dunne, David Gavin and Travis Langer of CBRE represented the seller, Primex Capital, and procured the buyer, in the transaction. Other tenants at Simsbury Commons include Walgreens, Raising Cane’s and Apple Cinemas.

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IllinoisLeasingMixed-useNews

Cullinan Properties Secures 500,000 Square Feet of Leases at Rock Run Collection in Metro Chicago

by Abby Cox

Joliet, Ill. — Cullinan Properties has secured more than 500,000 square feet of leases at Rock Run Collection, a 1.3 million-square-foot regional shopping center located in Joliet, roughly 40 miles southwest of downtown Chicago. Construction on the development’s major retail phase, which spans 400,000 square feet, broke ground this month.   Anchor tenant DICK’s House of Sport, along with newly announced retailers like Five Below, Maurices, Spencer’s, Buckle and Milano Nail Salon, are scheduled to open by the fall of 2027. Upon completion, Rock Run Collection will include more than 500,000 …

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ColoradoInvestment salesNewsRestaurants

Red Robin Completes Sale of 108 Restaurants for $89.4 Million

by Abby Cox

Englewood, Colo. — Red Robin Gourmet Burgers Inc. has completed the sale of 108 company-owned units to multi-unit franchise operators for approximately $89.4 million in gross proceeds. The company announced the transactions in the second quarter of this year. Under the terms of each agreement, each of the multi-unit restaurant operators has begun operating restaurants in the following markets under the same Red Robin brand: • Kuber Oregon LLC and Kuber Washington LLC acquired 17 restaurants based in Oregon and Washington for $10 million. • Evergreen Dining LLC acquired 30 restaurants …

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Grocery-anchoredInvestment salesMichiganNews

Legacy Realty Brokers $4.6 Million Sale of 111,935-Square-Foot Grocery-Anchored Center in Southwest Michigan

by Abby Cox

Battle Creek, Mich. — Legacy Realty Group Advisors has brokered the $4.6 million sale of Urbandale Plaza, a 111,935-square-foot retail center located in the Southwest Michigan city of Battle Creek, approximately 25 miles east of Kalamazoo. Family Fare anchors the center, which features other tenants such as Dollar Tree. Jacob Baruch and Jonah Warshaw of Legacy Realty represented the buyer, a private investor, in the transaction. The seller was also a private investor.

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DevelopmentNewsRestaurants

QDOBA Signs 17-Unit Development Agreement For San Diego County

by Abby Cox

San Diego — QDOBA Mexican Eats has signed a new development agreement for 17 restaurants across San Diego County in California. The agreement is led by Hyperion Brands LLC, a San Diego based multi-unit operator. QDOBA and its franchise partners currently operate approximately 875 restaurants, with plans to double the brand’s footprint to approximately 2,000 restaurants and open 100 restaurants annually in the years ahead. The fast-casual brand has a presence in 46 U.S. states, as well as in Canada, Puerto Rico, Japan and South Korea.

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Sundy-Village
DevelopmentFinanceFloridaMixed-useNews

Pebb Capital Receives $223 Million for Refinancing of Sundy Village in Delray Beach, Florida

by Abby Cox

Delray Beach, Fla. — Pebb Capital has received a $223 million loan for the refinancing of Sundy Village, a planned 7-acre mixed-use campus under development in downtown Delray Beach, located between Fort Lauderdale and West Palm Beach. The first phase of the project delivered 100,000 square feet of office space, 30,000 square feet of retail and dining, landscaped courtyards, indoor-outdoor gathering spaces, as well as 268 parking spaces. Tenants include Vertical Bridge, Industrious, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot, Drinking Pig BBQ, Maman, Dragonfly MRI, JTC and Fairstead Development, among others. The second phase will add a …

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