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JOANN
Company newsFinanceNew YorkNews

JOANN Files for Second Chapter 11 Bankruptcy

by Abby Cox

New York City — Fabrics and crafts retailer JOANN, which operates roughly 800 stores in 49 states, has filed for Chapter 11 bankruptcy protection, marking its second filing within a year. JOANN first filed for bankruptcy in March 2024. According to a statement issued by the company, JOANN has faced “significant and lasting challenges in the retail environment,” as well as “constrained inventory levels.” The retailer’s current debt totals $615 million, according to CNN. The company is now planning to sell all its assets, with Gordon Brothers Retail Partners — …

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Miami-Live-Plaza
DevelopmentEntertainmentFloridaNewsRestaurants

Miami Marlins, Cordish to Develop Miami Live! Entertainment Destination at loanDepot Park

by Abby Cox

Miami — Major League Baseball’s Miami Marlins have formed a partnership with The Cordish Companies to develop Miami Live! at loanDepot Park, the home ballpark of the Marlins. The entertainment destination in the city’s Little Havana neighborhood will feature indoor-outdoor dining and entertainment spaces aimed at elevating the fan experience, including year-round space activations. The official opening of Miami Live! is anticipated for early 2026. LoanDepot Park opened in 2012 and hosts events such as the World Baseball Classic, Caribbean Series and Choque de Gigantes in addition to Marlins home …

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South Philadelphia Shopping Center
Grocery-anchoredInvestment salesNewsPennsylvania

Palomar Brokers Sale of 221,157-Square-Foot Shopping Center in Philadelphia

by Abby Cox

Philadelphia — The Palomar Group has brokered the sale of South Philadelphia Shopping Center, a 221,157-square-foot retail center located in Philadelphia. Tenants at the property include ShopRite, Ross Dress for Less, Five Below, Burger King, Sherwin-Williams, The Aaron’s Company and Dunkin’ Donuts. Palomar facilitated the transaction on behalf of the seller, a publicly traded REIT. A New York-based investor was the buyer.

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Redondo Shores Shopping Center
Architecture and DesignCaliforniaDevelopmentNews

Haagen Underway on Renovation Project at 131,844-Square-Foot Redondo Shores Shopping Center in Metro Los Angeles

by Abby Cox

Redondo Beach, Calif. — Haagen Co. is underway on a renovation project at Redondo Shores Shopping Center, a 131,844-square-foot retail center located in Redondo Beach, roughly 20 miles south of Los Angeles. Haagen owns and manages the property, which is situated on 11.8 acres. Whole Foods Market and Michaels anchor the center. Other tenants at the property, which totals 37 storefronts, include Madison Reed Hair Color Bar, Carbon Health, Einstein Bros. Bagels and Panda Express. MMA Architecture will design the renovation, which will include upgrades to exterior colors, landscaping and …

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Matawan Mall
Investment salesNew JerseyNews

Marcus & Millichap Brokers $3 Million Sale of Shopping Center in Matawan, New Jersey

by Abby Cox

Matawan, N.J. — Marcus & Millichap has brokered the $3 million sale of Matawan Mall, a shopping center located in Matawan, approximately 27 miles outside Newark. Originally developed in the 1980s, the 20,665-square-foot property comprises 11 tenants and is anchored by Dunkin’ Donuts. Brent Hyldahl, Alan Cafiero and Seth Goldberg of Marcus & Millichap represented the seller, Burpat Holdings, in the transaction. Marcus & Millichap also procured the buyer, a local private investor.

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The Markets at Town Center
FinanceFloridaGrocery-anchoredInvestment salesNews

Kimco Realty Acquires 254,000-Square-Foot Shopping Mall in Jacksonville, Florida

by Abby Cox

Jacksonville, Fla. — Kimco Realty has acquired The Markets at Town Center, a 254,000-square-foot shopping mall located in Jacksonville, for $108 million. Sprouts Farmers Market anchors the property, which was built in 2008. Other tenants at the center, which was 97 percent leased at the time of sale, include Ulta Beauty, Cooper’s Hawk Winery & Restaurant, Five Below, REI, J. Crew, Ballard Designs, Nordstrom Rack, DXL Big & Tall, Gen Korean BBQ House and Chipotle Mexican Grill. Kimco acquired the property through its Structured Investment Program, which provides mezzanine financing …

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Short Pump Shopping Center
Grocery-anchoredInvestment salesNewsVirginia

Wafra Sells 91,369-Square-Foot Short Pump Shopping Center in Metro Richmond

by Abby Cox

Short Pump, Va. — Wafra Inc. has sold Short Pump Station, a 91,369-square-foot shopping center in Short Pump, located roughly 10 miles northwest of Richmond. Nuveen Real Estate acquired the property for nearly $55 million, making the center the investor’s second acquisition in the Richmond metro area. Situated on 147 acres, the retail development is anchored by Trader Joe’s. Other tenants at the property include Ulta Beauty and Petco. John Owendoff of Cushman & Wakefield, along with Catharine Spangler of Cushman & Wakefield | Thalhimer, represented Wafra in the transaction. …

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Harbour Lake Plaza
FinanceGrocery-anchoredInvestment salesNewsSouth Carolina

Marcus & Millichap Arranges $8 Million Sale of Retail Center in Metro Charleston

by Abby Cox

Goose Creek, S.C. — Marcus & Millichap has arranged the $8 million sale of Harbour Lake Plaza, a 62,198-square-foot retail center located in Goose Creek, roughly 20 miles outside Charleston. Food Lion anchors the center, which occupies 51 percent of the property. The center was 97 percent leased at the time of sale to tenants including Rent-A-Center, Cricket Wireless and H&R Block. David Gant and Lori Schneider of Marcus & Millichap represented the seller, a private investor, in the transaction. Ani Paulson and Allyssa Paragano of The AP Group procured …

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Wegmans
Company newsDevelopmentNewsPennsylvania

Wegmans to Open 115,000-Square-Foot Store in Cranberry Township, Pennsylvania  

by Abby Cox

Cranberry Township, Pa. — Supermarket chain Wegmans Food Markets Inc. has announced plans to open a new store in Cranberry Township, roughly 21 miles outside Pittsburgh. This marks the chain’s first location in metro Pittsburg. Designed and constructed by Sippel Development Co., the115,000-square-foot store will feature a bakery, seafood department, meat, produce, deli and cheese options and a selection of wine and beer. Situated on 13 acres, the new store will be a part of the larger Cranberry Springs mixed-use development. Wegmans currently operates 111 stores along the East Coast.

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CRAFT Restaurant Beer Market
DevelopmentNewsRestaurantsTexas

CRAFT Restaurant & Beer Market to Open First US Location in 2026

by Abby Cox

Dallas — Food-and-beverage concept CRAFT Restaurant & Beer Market has announced plans to open its first U.S. location in the Preston Center commercial district of Dallas. Occupying a 10,500-square-foot space, the venue will feature a 360-degree bar with more than 100 beers on tap, cocktails, wine and a food menu. The restaurant, which is scheduled to open in early 2026, will also include a 5,250-square-foot rooftop patio with a full bar, booth seating, greenery and a games area. CRAFT currently operates nine restaurants throughout Canada.

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