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Shops at the Cardinal
ArizonaDevelopmentLeasingNewsRestaurants

Diversified Partners Breaks Ground on 25,000-Square-Foot Shopping Center in Glendale, Arizona

by Abby Cox

Glendale, Ariz. — Diversified Partners has broken ground on Shops at the Cardinal, a 25,000-square-foot shopping center located in Glendale, approximately nine miles northwest of Phoenix. Situated near State Farm Stadium, the $20 million project will span nine acres and feature a mix of retail and restaurant concepts, as well as multiple drive-thru options and outdoor seating. Confirmed tenants at the property — which is nearing full lease-up — include Swig; Señor Taco; Nautical Bowls; Starbucks Coffee; Bonchon; Pacific Dental Services; La Botana; Jeremiah’s Italian Ice; a Mexican sushi concept; a nail …

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Sans Souci Plaza
FloridaInvestment salesNews

Avison Young Arranges $16 Million Sale of Retail Property in North Miami, Florida

by Abby Cox

North Miami, Fla. — Avison Young has arranged the $16 million sale of Sans Souci Plaza, a 47,350-square-foot retail property located in North Miami. This acquisition marks the first time the center has been sold. Situated at 2104 and 2222 NE 123rd Street, the property comprises two buildings constructed in 1974 and 1976. Zaika Indian Cuisine and Catch Specialty Fish Market anchor the property. Michael T. Fay, John K. Crotty, David Duckworth, Brian C. de la Fé and Philip Shapiro of Avison Young represented the seller, Matthews Real Estate Partners, …

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Red Oak Village
GeorgiaInvestment salesNews

Marcus & Millichap Arranges $9 Million Sale of Retail Center in Atlanta

by Abby Cox

Atlanta — Marcus & Millichap has arranged the $9 million sale of Red Oak Village, a 75,011-square-foot multi-tenant retail center located in Atlanta. Situated roughly five miles from Hartsfield-Jackson Atlanta International Airport, the four-building property spans 9.9 acres. The center is leased to 22 tenants including Family Dollar, Wayfield Foods, T-Mobile and the U.S. Postal Service. Salim Valiani and Alex Goodale of Marcus & Millichap’s Orlando office marketed the property on behalf of the seller, Y & H Property Inc., and procured the 1031-exchange buyer, BJ & Properties LLC, in …

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Florissant Marketplace
Grocery-anchoredInvestment salesMissouriNews

First National Realty Acquires 146,257-Square-Foot Shopping Center in Florissant, Missouri

by Abby Cox

Florissant, Mo. — First National Realty Partners (FNRP) has acquired Florissant Marketplace, a 146,257-square-foot shopping center located in the northern St. Louis suburb of Florissant. Situated on roughly 20 acres, the center was originally developed in 1973 and renovated in 2018. The property is anchored by a 70,262-square-foot Schnucks grocery store and was 98 percent leased at the time of sale. Additional tenants at the center include Crunch Fitness, Pet Supplies Plus, Wingstop and AT&T. Chase Young of CBRE represented the undisclosed seller in the transaction. With this acquisition, FNRP’s …

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Silver Lake district
CaliforniaInvestment salesNews

Bolour Buys Retail Center in Los Angeles’ Silver Lake District for $6.5 Million

by Abby Cox

Los Angeles — Bolour Associates has acquired a retail center in the Silver Lake neighborhood of Los Angeles for $6.5 million. Located at 2829-2843 Hyperion Ave., the center was originally built in 1986 and totals 9,884 square feet. The property was 50 percent leased to a mix of tenants including Pinkberry, Standing Egg Coffee, Cats & Dogs and The Village Vet at the time of sale. Additionally, Bolour plans to complete both exterior capital improvements and interior tenant improvements at the property. Oron Maher of Maher Commercial Realty represented the seller …

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Jini Mini
CaliforniaLeasingNews

Five New Tenants Join The District at Tustin Legacy in California

by Abby Cox

Tustin, Calif. — Five new tenants have signed leases to join The District at Tustin Legacy, a 1 million-square-foot retail center located in the Orange County city of Tustin. Jini Mini, Café 86 and The District Eatery have already opened at the property. Activate Games is scheduled to open in July, while French bakery Le Macaron is expected to open later this year. Additional tenants at the center include Whole Foods Market, Costco, Target, Lowe’s, Nothing Bundt Cakes, Ben & Jerry’s, The Winery Restaurant & Wine Bar and Pinot’s Palette. …

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Plaza 77 Shops
FloridaInvestment salesNews

Marcus & Millichap Brokers $5.7 Million Sale of Retail Property in Metro Miami

by Abby Cox

Miami — Marcus & Millichap has brokered the $5.7 million sale of Plaza 77 Shops, a 9,590-square foot retail strip center in Miami’s Dadeland neighborhood. Situated less than one mile from Dadeland Mall, the property is anchored by Trulieve and Domino’s Pizza, which both operate on corporate-guaranteed leases. Additional tenants at the center include Chase Bank, Outback Steakhouse, Anthony’s Coal Fired Pizza, Cancun Grill and Massage Envy, according to LoopNet. Drew Kristol and Kirk Olson of Marcus & Millichap’s Miami office marketed the property on behalf of the seller, an entity …

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Company newsNewsWisconsin

Batteries Plus Signs 17-Unit Franchise Agreement, Opens Eight New Locations

by Abby Cox

Hartland, Wis. — Hartland, Wisconsin-based Batteries Plus has signed a franchise agreement to open 17 new units in several locations across the U.S., including Hawaii, Florida, New Jersey and Texas. The retailer is on pace to have locations open and under development in all 50 states by the end of the year, with Hawaii marking its 48th. Additionally, Batteries Plus has opened eight more stores during the first quarter of 2025 in Arkansas, Georgia, Michigan, Minnesota, New Jersey, South Carolina and Texas.

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Company newsNewsTexas

IKEA Expands with Three Small Format Store Locations in Texas

by Abby Cox

Conshohocken, Pa. — Swedish home furnishings retailer IKEA is expanding to Texas with three small format stores, dubbed “city stores.” The first store, a 35,000-square-foot outpost will open this spring at San Mar Plaza in San Marcos, Texas, while a second store in Rockwell, Texas — which will comprise 108,875 square feet — is scheduled to open in December, according to CultureMap Dallas. IKEA Dallas – University Park, the third small-format store, will be located at The Shops at Park Lane in Dallas, which is scheduled to open in late …

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Poway Valley Center
CaliforniaInvestment salesNews

Capstone Advisors Sells Retail Property in Poway, California for $11.6 Million

by Abby Cox

Poway, Calif. — Capstone Advisors has sold Poway Valley Center, a 24,802-square-foot retail property located in Poway, roughly 23 miles north of San Diego, for $11.6 million. The property comprises 16 tenants, including Little Sprouts Daycare, Wingstop, Poway’s Irish Pub, Don Pollo Mexican Food and Bongiorno’s Pizzeria. Reg Kobe, Joel Wilson and Michael Peterson of CBRE represented the seller, Capstone Advisors, in the transaction. Jimmy Leach and Erik Ransdell of Strands Realty Group represented the buyer, Badal Satasiya.

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