Las Vegas — Red Ridge Development is underway on Origin at Symphony Park, a six-acre mixed-use project located in downtown Las Vegas. The development will feature 100,000 square feet of retail space, a 32-story residential tower, mid-rise apartment building, outdoor promenade and office space upon completion, which is scheduled for 2026. The McGarey Group, a division of the Divaris Group, will manage leasing for the retail space at the project in partnership with Paragon Commercial Group.
Westminster, Calif. — R.D. Olson has broken ground on Bolsa Row Terrace, a 26,211-square-foot shopping center project in Westminster’s Little Saigon District. The property will feature shopping and dining options overlooking a landscaped courtyard with al fresco bistro seating upon completion, which is planned for early 2024. This marks the second phase of a larger, six-acre project for developer IP Westminster.
Modesto, Calif. — Hanley Investment Group Real Estate Advisors has brokered the $4.1 million sale of a retail pad building located in Modesto. Built in 2018 and situated within a Save Mart-anchored shopping center, the multi-tenant building totals 6,402 square feet. Tenants at the property include Pacific Dental Services, Mountain Mike’s Pizza and West Coast Sourdough Deli. Jeff Lefko and Bill Asher of Hanley represented the seller, Covenant Real Estate Group, in the transaction. A California-based buyer acquired the property.
New York City — Wegmans Food Market has announced plans to open an 87,500-square-foot store at 770 Broadway in Manhattan’s East Village neighborhood. The market, dubbed Wegmans Astor Place, will be located at the base of an office building that Vornado Realty Trust owns. Meta, formerly known as Facebook, occupies the office portion of the property. The store, which is set to open on Oct. 18, will offer made-to-order and packaged foods; ready-to-eat and ready-to-heat options, including a selection of entrees and sides for individuals and families; and a ‘restaurant foods’ …
Acworth and Woodstock, Ga. — First National Realty Partners (FNRP) has acquired a shopping center portfolio totaling 227,618 square feet across two properties in Georgia. The first shopping center, Cherokee Commons, is located in Acworth and comprises 103,835 square feet. A 66,918-square-foot Kroger anchors the property. Other tenants include Pet Supplies Plus, CosmoProf, Fit Body Boot Camp and Jackson Hewitt. Located in Woodstock, Village Shoppes of East Cherokee totals 123,783 square feet. Tenants at the center, which is anchored by a 44,840-square-foot Publix, include Dollar Tree, Workout Anytime, Huntington Learning Center …
Danville, Va. — JLL Capital Markets has arranged the sale of Coleman Marketplace, a 202,578-square-foot shopping center located in Danville. Built in 2008, the property was 88 percent leased at the time of sale to tenants including Marshalls, Ross Dress for Less, Old Navy, Michaels, Burkes Outlet, Bath & Body Works and Rack Room Shoes. Tom Kolarczyk, Jordan Lex, Daniel Naughton and Steele Burkett of JLL arranged the transaction on behalf of the seller, Trimont Real Estate Advisors. PECK Properties represented the buyer, entities doing business as JMV SPE LLC, CV …
Atlanta and New York City — Chick-fil-A has announced plans for two new restaurant concepts. Beginning in 2024, the brand will open an elevated drive-thru concept in metro Atlanta as well as a walk-up restaurant in New York City. Both concepts are designed to enhance efficiency and convenience, with plans for the drive-thru restaurant including a kitchen built above the drive-thru lanes and dedicated lanes for mobile orders. Targeted toward urban areas with heavy foot traffic, the walk-up concept will allow guests to order through the Chick-fil-A app and pick up …
Mansfield, Texas — Flix Brewhouse has signed a 15-year lease to open a 40,000-square-foot theater at The Shops at Broad, a retail center located in Mansfield. Scheduled to open this fall, the venue will feature nine auditoriums and offer in-theater dining service. Sam Kartalis of Younger Partners and John Weber of Weber & Co., who manage the property, negotiated the lease on behalf of the landlord, Trez Capital.
Willow Grove, Pa. — Federal Realty Investment Trust has announced plans for the third phase of redevelopment at Willow Grove Shopping Center in Willow Grove, roughly 30 miles outside Philadelphia. Phase III will include the addition of a six-story building offering 260 multifamily units and 20,000 square feet of street-level retail space, alongside a structured parking garage. The development will be located adjacent to an 18,000-square-foot multi-tenant retail building currently under construction. Work on the third phase is expected to begin in fall 2024. Existing tenants at the shopping center will …
Jacksonville, Fla. and Barnstable, Mass. — Marcus & Millichap’s Institutional Property Advisors (IPA) has arranged the $29.5 million sale of a 140,082-square-foot portfolio comprising three single-tenant retail properties. Two of the properties, a 122,358-square-foot store occupied by BJ’s Wholesale and a 7,974-square-foot building occupied by Napa Auto Parts, are located in Jacksonville, Florida. CVS/pharmacy occupies the third property, which totals 9,750 square feet in Barnstable, Massachusetts. Steven Siegel of IPA represented the undisclosed seller and secured the institutional buyer. Ryan Nee and Thomas Shihadeh are Marcus & Millichap’s brokers of record …
